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Sucker Bets in Sports Betting

May 21st, 2011 admin No comments

In the world of sports betting, there can be many unwise bets. Unfortunately, some of these bets are simply sucker bets. What are sucker bets? We call them “sucker bets” when the bets placed make the bettor appears to be the sucker. In other words, the favor is so much in favor of the bookmaker or the house that it is almost impossible to win! But if a miracle does happen, the winnings can be huge. Let’s take a look at some of the sucker betting scenarios.

Example 1: Betting on parlay.

A parlay bet is when the bettor likes a number of teams, and would like to bet on all these teams winning. When that happens, the bettor can win a lot more, but the odds are extremely low. Bookmakers like to see bettors making parlay bets because it just takes one team to lose, and there goes their money. For this reason, many parlay bets are also known as sucker bets.

Example 2: Betting on teasers.

Teasers are in a way, similar to parlay. The bettor can also choose from a combination of teams to bet on. There can be as many as ten teams in the combination, but there must be at least two teams. Most bettors can’t even win when they just choose two or three teams. Like parlay bets, all teams must win. If any team loses, the bet is lost. But unlike the parlay, the bettor has the option of moving the spreads.

Teaser bets are known as “teasers” for a reason. They are meant to tease the bettors, and make them believe that they can win big. Unfortunately, most just turn out to the sucker bets.

Example 3: Betting based on free betting advice.

There are a plethora of sportsbook online that offer free betting advice. Sometimes, the tip looks too good to be true, and bettors can’t resist the temptation of winning big. So they place bets without looking further into the teams. Don’t be too gullible and place bets without looking. Do your own research and try not to bet on teams that you are not familiar with.

Example 4: Betting on hot favorites.

The entire world could be rooting for a hot favorite. That makes the bookmakers happy. Hot favorites mean that the world thinks this team has the greatest chance of winning the game. Never mind if the analysis is flawed or the prediction unrealistic. What matters is that the more people bet on a team, the lower the odds. Sometimes, the odds can be so low that it just isn’t worth placing good money on the team. For instance, for every $10 placed on the team, the bettor stands to win $4. That means the bettor has to place a bet of $1,000 in order to win $400.

It’s very easy to be influenced by peers and other people around you when there is a hot favorite in town. Try to stand your ground and refuse to make unwise bets. Start with smaller amounts, and stay clear of the sucker bets.

Learn more about Sports Betting – Free sports picks available.

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World Cup Betting Pool Advice

May 17th, 2011 admin No comments

The World Cup is upon us again, and what do I mean? The prospect to put your funds into a World Cup betting pool and hope to your advantage final result. But initially, it is important to research before you buy. One residential English expert has looked into the odds and revealed why you should not back England in your World Cup betting pool this season.

Regardless that England is amongst one of several favorite teams in South Africa this season, they aren’t good for your World Cup betting pool. Unusual answer from an Englishmen? Possibly, however, if there is certainly something this is important in sports betting, it certainly is counting on the statistics and background work instead of selecting your favorite team.

So, why EXACTLY is England an unsatisfactory choice for your World Cup betting pool?

For a start, England is an exceedingly patriotic country, which in turn splatters into the country’s gambling characteristics, thereby forming an undiagnosed result on the odds for England’s likelihood of winning. A variety of bookies frequently see enormous amounts wagered on England for winning even though their last triumph was around 44 years ago. It is quite logical to gamble the region or team that you are supporting. If they succeed, furthermore you’re free to celebrate the victory but you also get to rejoice with some good earnings!

However, put yourself in the shoes of the bookie. Once you are the person laying down the odds for England. If you propose a price that truthfully demonstrates England’s possibility of winning, you could come up with something like 12/1 for winning the World Cup. Nevertheless, people today want the extra appeal, so it isn’t going to seriously matter what the price is. Given this, you’ll be able to put a price of 6/1 and obtain the exact range of wagers as you would if you placed it at 10/1.

Moreover, with the substantial level of patriotism for England, you can definitely find yourself retaining a tremendous liability providing England wins. As the bookmaker, you need to stop this liability. The single opportunity right here is to decrease the price, so the odds of 12/1 develop into 6/1.

Ultimately, a person given a fair price for backing England in your World Cup betting pool. You aren’t given the quality of winnings that will mean if you installed this bet a hundred times you’d turn a profit. On the subject of wagering, I might come across value. You won’t win every wager, but you need to make sure that when you do win your bets, you harness adequate money back to comprise for those pesty losing gambles.

So even if England DOES win the World Cup (they won’t!), you can still be contented with your World Cup betting pool selections, knowing that even a winning bet is not a valued wager in terms of England is involved.

Want more betting tips and methods for your World Cup betting pool? Sign-up for the FREE sports betting systems guide and look for a few reviews on the best sports betting systems at Arbitrage Betting.

Elise is an extreme hockey fan and born again sports hobbyist who has just entered the world of online sports betting. She has tried and tested various online sports betting systems and reviews them on her website, Arbitrage Betting.

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Compare Spread Betting – Pros And Cons

May 9th, 2011 admin No comments

Spread betting is where investors don’t really invest in equities. Rather they would only bet or speculate on the prices of the equities. The company would make a bid price for a particular stock and investors would only have to speculate if the price in the coming days would go up or down and then bet a particular amount per every dollar or drop or rise that the investor is predicting. Spread has some pros and cons.

Tax benefits

In traditional stock trading, there are taxes like Capital Gains tax that you need to pay. In fact there is stamp duty of about 0.5% on all the share purchases as well. However, spread betting on the other hand is free of tax because it is just a contract between the betting company and the investor and there isn’t an actual exchange of shares taking place. The only time there is a tax is the 3% tax on the gross profits of the spread betting company which is eventually absorbed in the spread.

Comprehending

Some of the financial instruments are very hard to understand before you can make an intelligent guess and invest money trying to make money. However, spread betting doesn’t involve complications and you only have to know about the stocks to be able to speculate whether the prices are going up or not.

Win and loss could be quick

This could be a great advantage as well as a disadvantage of spread betting. There are some dangers in being careless and betting large amounts of money. This is because just like you can win 10 times your investment very quickly you can lose large amounts as well, if you are not really careful. In stock trading you can only lose as much money as you have invested. However, there are no limits on betting. That means just like your wins are magnified a few times, your losses too would be magnified a few times. You can even lose your initial deposit and all your capital.

The cost of funding

Sometimes the cost of funding for huge speculations is more than what you would have gained by avoiding the stamp duty. If you are holding long positions that will last more than a few weeks, the funding costs will become quite high.

No special benefits

In spread betting you are only speculating on the costs of the stock of a particular company. However, you don’t own the shares or any other financial instruments for that matter. As a result you don’t get any special privileges like dividends or voting rights which are provided to the stock owners.

Gambling activity

One of the reasons why spread betting isn’t taxable is because it is considered by the FSA as a gambling activity. That means that unlike an investment,betting in the longer run would lead to more people losing rather than winning. So, you have to be smart and careful when you choose to go for compare spread betting.

For more information on Spread betting and compare spread betting tips you could visit spreadcompare.co.uk

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Learn How to Read Betting Odds

May 8th, 2011 admin No comments

In order to place your bets so that you have maximum chance of winning, you need to understand the odds. You have to be proficient at reading the odds so that you can estimate your chances without making any errors in judgment. Speed in assessing the odds is also important so that you are able to place your wagers before the dynamic odds change. One of the reasons that betting odds follow primarily a numerical representation is that the bookmakers have to present a lot of information in a limited amount of space and they expect the bettors to understand the manner in which the odds are represented.

Odds are represented according to the different types, the broad classification; however, is fractional/ decimal/ moneyline. The odds vary with the type of sport and as you learn about the probabilities of an event occurring in a game and study historical success rates, you will be able to make better use of the information displayed on the betting boards. With time, you should be able to place bets after reading the odds and assessing not only the chances of your win but also the kind of edge the house holds on a bet of that kind.

The following examples will help you understand better the manner in which betting odds are read.

Bet Number Team Point Line Total Money Line

101 ABC +200

102 DEF -5 10 -150

The Betting Board above gives the odds for the different types of wagers that you can lay for the given team ABC.

Point Line refers to the Point Spread bets. In the above example, DEF is favored to win over ABC by 5 points. The usual way of representing is to mention the point line next to the favorite team with the points preceded by a (-) sign. So, in this case there are two bets that can be placed. DEF wins by 6 or more points or ABC win/lose by 4 or less points.

Total bets are wagers against the total number of points scored in a game. The bettor can bet over or under the total number of points set by the bookmaker.

Money Line bets involve selecting a winner. In the above example, a $100 wager on ABC will give you $200. If you wish to earn $100 on team DEF, you need to wager $150. This is because team DEF has been marked favorite by the odd setters and since the odds are low on this team, the bookmakers will try and make the bettors pay more for a given bet. With money line betting you can develop your own ideas over time whether it is better to place a wager on the underdog or bet on the topdog.

Florian Koerner runs a popular free football betting picks site. Visit SoccerBetting.info every week or subscribe to his free soccer betting tips by email.

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Betting Odds – Types and Calculations

May 4th, 2011 admin No comments

If you want to place a bet on a sports game between teams A and B, the first thing you want to know is how much you would win if you correctly predicted the outcome. In fact, the first thing that the bookmaker will show you is the odds since they are just that – numbers that tell you how much you will gain if you win the bet. However, although they all translate to the same amount, you’ll not find a consistent number at different sportspooks since each one adopts a certain method of specifying the odds. This article describes the different types of betting odds specifications and how to calculate the gains to be expected in each case.

There are three different types of odds specifications, they are: Decimal Odds also know as European Odds, Fractional odds also know as UK odds, and American odds. Perhaps because of their correct representation of the situation, the Decimal forms are viewed as the standard specification method. The purpose of odds specification, in whatever form they are given, is to relate the the amount of money a bettor wagers to the amount he/she wins. For this purpose, one has to be familiar with three terminologies: stakes, winnings, and pay-outs. Stakes are the amount of money wagered, winnings are the amount won in a bet, and pay-outs are the total amount paid when a bet is won. Obviously, pay-outs are winnings plus stakes. Although these terminologies may seem trivial, they are heart and soul of odds calculations.

Also, it is important to know three more terminologies regarding the strength of the teams in a match; they are Evens, Odds-on, and Odds-against. Evens are when the two contestants are equally strong and thus there is no favorite or underdog; you bet $1 to win $1, if no commissions are involved. Odds-on is the odds of the favorite and in this case winnings are less than the stakes. Odds-against is that of the underdog, where winnings will usually be more than stakes. For example, in the most common case of sports betting on a match between two competitive contestants (evens odds), the odds assigned to both will be 1.90 in Decimal odds, 9/10 in fraction, and -111 in American odds, all of which mean the same thing: “bet one dollar to win 90 cents”. In fact, if there were no commission involved, or if the bets were just between friends, these odds would have been 2.0, 1/1, and, 100, respectively, for the three types of odds; they mean “bet one dollar to win one dollar”.

  • Decimal Odds (European)

    These are simply factors that indicate how-many-times-the-stake will the pay-out be. For example, odds of 2.50 mean that the pay-out will be two and a half times the stake, or for each dollar wagered, the pay-out will be $2.50.

    • Pay-out = Stake * Decimal Odds
    • Winning = Stake * (Decimal Odds – 1)

  • Fractional Odds (UK)

    The fractions here represent that a stake equal to the denominator will result in a winning equal to the numerator. For example, odds of 10/11 mean that 10 units will be won with a stake of 11 units, or for every $11 wagered, the winning will be $10.

    • Winning = Stake * Fraction Odds
    • Pay-out = Stake * (Fraction Odds + 1)

  • American Odds (US)

    American odds are denoted by numbers always greater than or equal to 100 preceded by a ‘+’ or ‘-’ sign. These signs are not mathematical signs; they are simply symbols that point out whether your winnings are more than or less than your stakes. The positive sign is used to indicate an underdog where winnings are greater than stakes, or that it is an odds-against betting; and the negative sign is for favorites or odds-on betting. These two odds have completely different definitions and thus use calculations that are unrelated.

    Negative odds represent how much to wager in order to win $100. For example, odds of -110 mean that in order to win $100, the wager must be $110.

    • Winning = Stake * 100/negative American Odds
    • Pay-out = Stake * (100/negative American Odds + 1)

    Positive odds represent how much the winnings will be when $100 are wagered. For example, odds of +110 mean that $110 will be won, when $100 are wagered.

    • Winning = Stake * positive American Odds/100
    • Pay-out = Stake * (positive American Odds/100 + 1)

  • Some outstanding features of these odds.

    • Decimal odds are always greater than 1.0 since ’1′ represents the stake.
    • American odds are always greater than or equal to 100 (recall that + and – are just symbols, not mathematical signs).
    • Fractional and American odds are indicative of winnings, while decimal odds indicate pay-outs.
    • Even odds, with respect to a fair bet, are when you win exactly the same amount as your stake. So, evens are represented by 2.0 in decimal, by 1/1 in fractional odds, and by 100 in US odds(-100 and +100 are the same).
    • In cases of odds-on, that is, when winnings are less than stakes, which is normally the case of a favorite team, the decimal odds fall between 1.0 and 2.0. In fraction odds they are identified by the fact that the numerator (winning) is less than the denominator (the stake), and in US odds they are the negative odds.
    • In cases of odds-against, that is, when winnings are greater than stakes, which is normally the case of an underdog team, the decimal odds will be greater than 2.0, the numerator will be greater than the denominator in fraction odds, and they are the positive odds in US odds.

    You can find odds conversion tables and betting calculators at Betstarter.com. This web site is an ideal place for beginner gambles, and a reference for veterans with its several tools and calculators for sports-betting, casino games and lotteries.

    Internet Horse Betting – Strategies to Create a Winning Formula

    May 2nd, 2011 admin No comments

    There’s no denying that horse betting is a very lucrative opportunity, but only IF you know what you’re doing. Ok, you might make some money here and there by betting on horses by pure luck, but more people will lose a substantial amount of money by simply not knowing the strategies that can make you a fortune.

    It all began for me many years ago when I used to go the horse racing with my father once or twice a year. Even at a young age (around 12 years old) I used to pick the horses and my father used to place the bets. The enjoyment wasn’t in watching the horse race but instead picking out a horse that would win and bring in the money.

    Nowadays I regularly bet on race meetings from all around the world using the knowledge I have learned and make a significant amount of money doing so. If you are new to horse betting the question you may now be asking yourself is “this is all well and good but can anyone make money betting on horses?”. My answer is yes, certainly, but as long as you understand the basics of horse racing and system that you can rely on.

    Ask many experts and they’ll more than likely tell you that their success is down to a horse racing betting formula that they have refined over time to constantly make a lot of money. There are many horse betting systems available, many of which offer their own twist on similar strategies, but there are also those that never seem to yield the results that they promise. I’ve bought many of them and have learnt a lot. In fact I can attribute a large proportion of my success to a few horse racing betting strategies in particular.

    Some of the details that you will need to consider when choosing your bets are:

    - The type of ground. This can greatly affect the chances of the favorites winning a race.

    - The number of horses running. Of course the lower the number of horses running the easier it is to usually pick a winner.

    - The form. A horse often looks good/bad when viewing the finishing positions in previous races, but it is also important to find out when the horse last ran. For example a horse’s form may look good, but its previous race may have been months or even years ago if it has recovered from injury. In this situation the form may not be reliable.

    - Favorites are called that for a reason. They are tipped to win and if you can get good odds on one of the favorites you could make a lot in return. Obviously the odds will be tight so you will need to use the strategies you will learn in my recommended resources to decide whether to bet on them.

    There are many things that you will need to decide upon when horse betting that can be added to this small list, all of which will form your secret horse racing system. Internet horse betting has meant that it is now easier than ever to bet and keep track of horse racing throughout the world so it is a great time to become involved in horse betting strategies.

    For my top 3 recommended horse betting strategies go to my Horse Racing Betting System [http://www.squidoo.com/horse-racing-betting-system/] guide.