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Sports Betting 101

Friday, August 7th, 2009

Betting on sports is perhaps as old as the various games themselves. Millions of people have made huge money out of betting on sports. Possibly no game is left virgin of betting. All games have bookies and wages attached to them. Alike is the case with the countries across the globe. Betting is becoming a universal phenomenon nowadays. The difference however lies in the fact that some countries have accepted betting and so have legalized it while others still consider it illicit. For instance betting is taken to be legal nearly in entire Europe whereas Nevada is the only place in United States of America where wagering is deemed to be lawful. But the geographical scenario does not bring much variation in the terms and conditions or the rules and style of betting. The betting policies for a particular game for example cricket remain approximately the same around the world.

But what differs with the place or country is the sport and the amount of bets placed on it. Like people in Asian countries are leaders in betting on cricket. Cricket is the favorite sport in the Asian subcontinent. But in Europe and America games like horse racing, basketball, hockey, soccer and football etc. receive topmost priority. Thus that sport is wagered the most, which is relished, by maximum number of people.

Australia is one of the best places in the world to enjoy betting. This is because betting is legal in Australia and there are ample of sports that are cherished by the Aussies. Australian Football and Rugby are the two eminent names in this category. Lots of good information and even betting guidelines or tips about these games and many others like tennis are available on the Internet due to the legality of sports betting in Australia.

Ireland is the land that gives birth to the most of the English sports action. Irish football and Hurling are unique English sports. Rugby, cricket, golf and tennis are other English sports that invite lot many bookmakers and so bets. The English Premier League or one can say the English Soccer involves tremendous wagering in Europe. Darts are also famous among the English. Many people love betting on the not so common game of Darts. But this isn’t all. Punters never leave The National Leagues, the National and International Cups, the Motor Sports like Formula F1 Racing, the IRL or the Indy Racing League and the NASCAR i.e. the National Association of Speedy Cars and Rednecks, involves million dollar wages or even more every year.

Human beings have always made good business through animals. Along with the horse racing the racing of animals like camels, pigs, ponies and dogs invite great amount of betting in Europe as well as on the land of America.

While betting on any game what should be followed is your knowledge of the game and what your intuition or common sense says. A bettor should be pretty clear and confident over the option of his bet. If an individual is making a bet for the first time, don’t bet big. It can lead to unexpected snags. Remember, it takes time to learn and develop betting skills.

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Horse Racing Betting System – Designing a Simple System

Friday, July 31st, 2009

Putting together a system is not as difficult as it may sound, even for a beginner. The important thing, and with any betting, is that you write down every rule and follow it for at least 100 bets. You do not need to trade real money, paper trading is best at first. If after 100 bets it is in profit, you can then give it a betting bank and start gambling.

Starting an untested system with real money, and packing it in on its first losing run, putting it down as failed, will only cost you more and more money in the long term. Being patient saves you money.

So let us get down to starting a system eh? I’ll show you below how simple they are to put together, this example is profitable, so no reason why you can not follow it with a betting bank, but its yearly profits are not huge, but have a go at your own, always making sure that you understand way a rule works.

The system below is designed for National Hunt racing.

‘The NH High SR Non-Handicap Fav System’

Rule 1: Non-Handicap races only.
This ensures that we do not include handicap races, which are more difficult to get profitable systems out of. Although when you do they are more profitable than non-handicap races.

Rule 2: Forecast Favourite only (if joint VOID bet)
Just to make sure we have one clear qualifier for our non-handicap race.

Rule 3: Forecast price must be odds on.
I know that the lower the odds the more likely it is to win, although the lower the odds the smaller the profit for a new bank.

The first 3 rules of any systems I quantify as the main system rules, they ensure we have the main set of qualifiers we are looking for. Those rules after, I regard as filters to take out any facts I know are not profitable long term.

Rule 4: Horse age must be 6+
This is because in the UK, horses are not generally full wound up for jumping until they are at least 6, so those of a lower age have erratic results that do not prove profitable, so no use including them.

Rule 5: Horse must have finished 2nd or worse on its last run.
Horses that won last time out usually go off at lower odds than they should, so an edge is taken away.

Rule 6: Must be a gelding.
Geldings win the majority of races over fences, and are generally have the most consistent and reliable form.

Rule 7: Going must be Good-Soft or better.
Any softer than this and results can get a bit random.

That is it. Over the last 10 years it has produced a 48pt profit even at those low odds, and a 63% SR overall. It has had 3 losing years in that period, the worst being 5pts, but using the betting exchange prices, they would also have shown a profit.. There are around 100 bets per year.

So you can see by this example, it does not profit every year, but long term it still shows a profit, and it is long term that any professional gambler will tell you is the only time span that matters.

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9 Ways To Win At Sports Betting.

Thursday, July 16th, 2009

Ladbroke Racing

If you are looking to try your luck at sports betting then know that you do have greater odds of winning in this game than you would in roulette or craps. While those are games of chance, sports betting is a game of predicting a foreseeable outcome. Here are some tips on how to win big at the big game.

9.Place Bets on the Right Sports Book
Statistics suggest that placing bets with the correct sports book will make a big difference, and increase the odds of winning by 3%.

8.Bet Against the Public
There are some that claim that “fading the public” can be profitable. This has led many bettors to bet on the other team than is predicted.

7.Do Your Homework Before the Game
The best way to win sports betting is to research all aspects of a game, especially circumstances and data that others would not consider. Not even bookies will have time to research every sport and every game. Therefore, if you can create a niche for yourself, you could become an expert on a smaller conferences and find yourself winning big money.

6.Choose the Underdog at Home
Statistically speaking, it’s a good idea to bet on an underdog at home. A team will put forth their best effort at home stadium and underdogs have a way of triumphing over the odds in general. Using this strategy you may beat the odds too.

5.Bet at Just the Right Time
Bettors who bet on underdogs usually bet early. Therefore, if you are betting on an underdog try and bet late. If you are betting on the favorite then bet early. Going against the grain in sports gambling is often a smart move.

4.Make Arbitrage Bets
You can make money on sure bets regardless of the outcome of a game with arbitrage bets. The advantage of these bets is that it doesn’t matter what the outcome of a game is, since the only bet you made was on a specific happening.

3.Square or Sucker Lines
Many betters try to stay away from square lines (that is, lines that are designed to lure public opinion into betting a certain way) and in the end, can even make money off these phony wagers if they can closely monitor the betting percentages.

2.Never Gamble While Drinking
This may be common knowledge to some, a great shock to others. However, when you drink an alcoholic beverage, your judgment will be significantly clouded. A drink may also give you that extra “courage” to make a rash and expensive decision.

1.Manage your Gambling Money
Another lesson in common sense that is often ignored when it comes time to put down a wager: never bet more than you can afford to lose. In fact, it is recommended that you set aside a portion of your money for betting and to stick with it, regardless of your winnings or losses. Lastly, try to spread your total among a few smaller bets rather than risk it all on one sure thing that may not be as predictable as everyone thinks.

Ladbroke Racing

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Horse Racing Primer.

Sunday, July 5th, 2009

Ladbroke Racing

Horse racing is a very exciting and lucrative sport. Anyone who hasn’t been to a good track is missing out. Winning lots of money at horse racing is very possible. In fact, it tends to get overlooked in the sports betting world. Think about this. If you were going to wager on a baseball team that was far better than the team it was facing, you might have to lay down $2.50 to $3.00 to win $1. In horse racing, you can often wager on a horse that’s superior to the rest of the field (even a small field) and receive a much better line.

Since this is a primer, let’s talk about the basics of horse racing itself. A horse race can consist of two or more horses. The field, as it is called, varies from race to race. There are three main finishing points in any horse race—Win, Place and Show. Win is of course first place. Second place is called Place and Show is third. These three spots are known as “in the money.” A horse that doesn’t finish in the money is referred to as “also ran.”

Horse racing offers a plethora of wagering options. For instance, one can wager on a horse to win, place and show—also called “across the board”—or any mixture of the three. There are also other wagers, which are called “exotics”. One example of an exotic wager is a Trifecta. A Trifecta wager consists of three horses that will finish in the exact listed order. For example, if a bettor placed a 5-8-1 Trifecta, the 5 horse must finish first, the 8 horse second and the 1 horse third.

Another example of an exotic wager in horse racing, and a popular one, is the Pick 4. Horse racing bettors play Pick 4’s constantly. When a bettor makes a pick 4 wager, he or she is picking the winner in four consecutive races. Winners of the Pick 4 are paid from a pool of wagered money. There’s also a Daily Double, Pick 3 and Pick 6. In the event that there’s no winner, the money is carried over to the next day. This happens often with the Pick 6.

One of the best things I like about horse racing is the quickness of the races. Unlike a baseball game, I don’t have to wait three hours to find out if I won or not. Additionally, unlike other sports, there can be up to hundreds of races on a single day. A typical racetrack will run eight races or more per day. There are many racetracks around the country. There’s a lot more to horse racing, but this primer will start you on the right path.

If you like fantasy horse racing then visit Free Horse Racing and download the free 3D horse racing software and start building and racing your own horse or bet points on other horses and win great free prizes.

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Sports Betting Basics

Monday, June 15th, 2009

Online sports betting offers fans ease and convenience when it comes to putting a few bucks on a game. Online sportsbooks have given anyone who has access to the Internet the opportunity to place a quick wager any time– day or night.

An array of wagers can be placed on games that are to be played that day. You may put money down using the point spread or the money line, and you can bet on the over/under. These three kinds of popular bets may be placed on baseball, football, hockey, basketball, and soccer contests.

When wagering on baseball or hockey you’ll find that the most popular bet is the money line. Another common wager made by sportsbook enthusiasts combines the point spread and money line. In baseball this type of bet is called the run line, and in hockey it is known as the puck line.

You may put money down on a team using one or more of these types of wagers. An additional popular wrinkle on these bets is the parlay, which allows you to substantially increase your profit margin and your risk of losing.

POINT SPREAD:

With the point spread, the team that’s favored has points taken away, or another way to look at it is that the weaker club is given some points. Point spreads are common when wagering on football and basketball. Let’s say you’re putting money on the Patriots- Dolphins contest and the point spread is 3 ½ with the Pats at – 3 ½ . You put a sawbuck on Miami and they lose 21- 20.

They may have lost, but you won some money. Why? In terms of the point spread the handicappers have spotted the team from Miami 3 ½ points. For you to lose, New England would have had to win by at least 4 points. According to the point spread, the bookmaker’s score was Patriots 17 ½ (21 – 3 ½ = 17 ½ ) and Miami 20. You win.

The half-points that odds makers put in point spreads are meant to guard against a “push.” As an example: the Utah Jazz play the Timberwolves in Minnesota and the home team is -1. If the game ends with Minnesota winning by one-point, 86-85 and you had put your money on the Jazz – do you win or lose? Neither – it’s a “push,” which means via the point spread the teams ended the game tied and you simply get back the money you wagered. You don’t win, and you don’t lose.

MONEY LINE:

When betting the money line in either baseball or hockey, you’re putting dough on a team to win regardless of the point spread. A money line in hockey would look like this: Columbus Blue Jackets +280, Detroit Red Wings -360.

In the Blue Jacket – Red Wings contest, if you put $360 down on Detroit, you can win $100. However, if you put $100 on Columbus and they win, you get your $100 plus $280. Remember, there is no point spread involved in this type of bet.

Why is the money line set up this way? When playing the money line, the team that is the underdog pays more for less of a wager. While it costs a lot more money to bet on the favored team, if they win you take in very little money. Also, if they lose, you’re out a greater amount of cash than if you’d bet on the team that was not favored.

This type of bet is based on the fact that more people will place their money on the club that is expected to lose because it’s cheaper and the payoff is much higher. Less money will be put on the better team but more will be risked per bet and the payoff will be substantially less. Either way, the bookmakers are covered. If the favorite loses, the sports books make their commission; if the favorite wins, the book makers break even.

Chances are the Jackets will lose, and the casino will keep that money and pay out a small amount to those who took the favored team. If the underdog wins, although the payout is high, the casino has taken in a substantial amount of money on the favorite and they actually make money.

RUN LINE AND PUCK LINE:

Most online betting services offer hockey and baseball as a point spread in conjunction with a money line. Thus, you have to play the money line but you get the benefit of a basic point spread. This combination of money line and point spread is called the puck line for hockey and the run line for baseball. Typically the point spread for baseball is set at 1 ½ runs and for hockey it’s 1 ½ goals.

OVER/UNDER:

When you place an over/under bet, you’re wagering on the total number of points that will be scored. When putting money on soccer, you may find that the over/under on the contest between Manchester United and Arsenal is 2.5. If you choose the under and 2 goals are scored, you win. However, if three or more goals are scored, you’d lose that wager. Typical over/unders in hockey range from 5 to 7, while a typical over/under for baseball is from 4 to 14 runs. The NBA basketball range varies quite a bit, from 175-225 points.

The total number of points for the over/under is based on an analysis of the strengths and weaknesses of each team’s defense and offense, point trends, and match-ups. This bet really demands a solid understanding of each team’s potential on a given night.

PARLAY:

There are many other types of bets in which you can engage, but one that allows you to expand your winnings quickly is the parlay. A parlay bet is simply a wager that combines two or more bets. When you place a parlay, you must win every one of the bets to receive any payoff. Using this method of combining wagers gives you a much higher payoff on the same investment that you can make on one wager. Of course, there is a greater risk of losing.

If you parlay a bet on the Red Sox- Yankees run line, on the Angels- Mariners over/under, a third pick on the Angels- Mariners run line and a final pick on the Cubs- Cards run line, you could get odds of 12 to 1. Placing an $11 single bet on each of these wagers would mean you would put $44 down and get a payoff of $10 per wager. If you won all 4 bets, you’d make about $40. However, in playing a 4-bet parlay, one $11 bet could result in a $110 profit.

There are many other types of bets in which you can engage and online betting sites are constantly coming up with new twists. When wagering, take some time to do your homework on the sport, the teams, and the players. Wager wisely. Most gambling experts will tell you that a professional who knows what they’re doing will win about 60% of the time. Most professional wagering is not an attempt to win a lot at once; rather it’s a steady process where, with careful wagering, people turn a profit.

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