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Understanding the Odds – Spreads

online betting siteOften, the matchup between two players, or teams, is so lopsided that no one would be interested in betting on it. That’s where the spread comes in to make things more interesting. The spread adjusts the total score to make the competition more balanced.

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he following scenario will make the concept very clear. Let’s stick with our matchup of Federer vs. Verdasco from the previous article. Instead of betting on the match winner, this wager is on the total number of games each player wins in the match. The odds might read like the following –

Total Games Won – Federer -6.5 -110 vs. Verdasco +6.5 -110

As you can see, the moneyline is now even on this wager. In both cases, a wager of $110 would bring back a $100 win if the right player is chosen. The payout is even because the spread has balanced out the competition between the two players. After the match is finished, we see the following result –

Totals Games Won – Federer 18 vs. Verdasco 12

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In this fictitious match, Federer won all three sets by a line score of 6-4, 6-4, 6-4. So which side of the total games won wager would be a winner? Despite losing the match in straight sets, a bet on Verdasco would have been the winner in this case. The spread of +6.5 games for Verdasco gets added to his total of 12 games won to give him 18.5. That is a half-game ahead of Federer in this case, and so a bet on Verdasco would be paid out.

It’s easy to see how the spread can make betting more interesting. Hardly anyone would bet on Verdasco to win more games than Federer without the presence of a spread. However, when adding 6.5 games to his total, the match gets far more competitive. Understanding the influence of the spread is a vital component of making smart live tennis wagers.-(livetennisbetting.com)

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Understanding Sport Betting Odds

WagerWebHow To Read Sports Betting Odds

Point Spread – If A Football Team Is -7, Then That Team Must Win By 8 Points To Win The Bet

Over / Under – If A Over / Under Is 42 In A Football Game, The Total Of Both Teams Needs To Be Over 43 To Win

Moneyline Betting Odds – If The Money Line Has Team A -150 Against The Colts, I Must Bet $150 To Win $100 And If Team A Wins, Then I Would Win My Bet

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There are three forms of regular betting odds that you will see at every sportsbook that you visit, whether online or in person. These are the ones that you see right off the bat and the ones that really matter when you are betting on sports.

First there is the moneyline wager, which is the bet on who will win the event out right with no point spreads or other variables. You simply pick the team you think will win and place the bet. However, without using the odds, the payouts are usually much different then they would be with the odds in place.

When betting on the moneyline, the favorite will always have a negative symbol in front of the number and the underdog will always have a plus sign in front of it

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Then we come to what could be the most common type of bet, which is the point spread. Betting the spread allows players to wager on the difference in score between the two teams. For instance if the spread is 7 and you pick the favorite to win, that team will have to win by 7 to push or by 8 to win.

There is also the total score or the over/under, and this line lets you bet on whether or not the total score between all competitors will go above or below a predetermined amount. You simply look at what the Over / Under is and then bet on which you think it will be. If the number is 42 in a football game and you bet the over, you would need 43 points total between the two teams.

With the spread and the total you will occasionally see that the odds are distributed with “half points,” which are in place to prevent a “push,” or no one winning or losing the bets. As long as there is a winner or loser, the sportsbooks will make their money on the juice and be happy.

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Different Formats Of Betting Odds

SportsbookAmerican Betting Odds

American odds have become incredibly commonplace, despite the fact that they are not as easy to read as other formats. As an example, American Odds read like this:

Odds To Win Super Bowl:

Team A: -150

Team B: +200

Team C: +600

Team D: +1000

With American odds, the number represented is how much you have to bet to win $100. If the number is preceded with a “+” sign, then you would risk less than $100 to win a wager worth $100. And, the opposite is true when the number is preceded with a “-” where the bettor would have to risk more than $100 just to win $100 of the wager.

In the example above, you can see that Team A has the lowest number of the group and are considered to be the favorite to win this bet. If you wagered on Team A to win the Super Bowl and they end up winning, you are going to need to risk more than $100 to win $100 as indicated by the “-” symbol preceding the payouts. In this particular example, a bettor would need to wager $150 to win $100.

On the opposite side of that, the other 3 teams in contention all pay better than 1 to 1 odds (risk less than $100 to win $100). Team B is at +200: risk $50 to win $100. Team C is at +600: risk $16.67 to win $100. Team D is at +1000: risk $10 to win $100.

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Fractional Odds

Fractional betting odds are the easiest to understand. Just about every single sportsbook that caters to Americans has the option available for fractional odds. And, while they may seem daunting at first, you don’t really need to understand complex fractions in order to utilize these odds. Lets look at an example:

Odds To Win Fight:

Fighter A: 4/7

Fighter B: 3/2

In order to best understand these lines, you first need to look at the ratio to 1. In the example above, 4/7 odds is less than 1 and the opposite can be said for the other side as 3/2 is more than 1. Once you have determined this, you can figure out the favorite.

  1. Once you have determined this, you can figure out the favorite.

To figure out which side is favored, you simply need to figure out which is the lower number. In this case, Fighter A is at 4/7 odds which is less than 1 and Fighter B is at 3/2 odds which is more than 1. Fighter A’s wager is the clear favorite as it is the lower number.

So, how do you figure out what these pay? Again, we refer back to 4/7 being less than 1, and 3/2 being more than 1.

Anytime fractional odds are displayed at a value of less than 1, the bettor must risk more than they intend to win if the wager is a winner. And, the opposite can be said for if a fractional value is more than 1… that bet will pay more than what is risked.

As we said before, 4/7 odds are less than 1 so in this case, the bettor must risk $7 to win $4 from the wager. Then, 3/2 are more than 1 so when risking $2, the bettor will win $3 off the wager. As you can see, the payouts are in the fractional odds, you just need to know which way they go based on if they represent a value greater than or less than one.

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Decimals

Decimal odds are slightly more confusing than most other types of odds. In fact, we prefer not to use them when we bet but that is just our preference. Regardless, we are going to give you a little insight into these lines, as we want to give you insight about all of the common types of odds available.

If you look into these odds, you will definitely come out a little bit confused unless you are from Europe where these odds are commonly used than American or Fractional odds. The multiplication game is not as straight forward with decimal odds. Let’s take a look at another example:

Odds To Be Next President:

Candidate A: 1.50

Candidate B: 2.45

When looking at decimal based odds, the same thing applies to them as all the other forms of odds when trying to determine the favorite… which ever is the lowest number is favored. In the example above, the favored candidate is Candidate A at 1.50 however Candidate B is only a little bit behind at 2.45

Figuring out the payouts is where decimal odds can get tricky, but you’ll soon learn a little trick that will make these very easy to understand.

The best way to start off look at these odds are to consider them to be monetary amounts based on what you will win if you wager $1 or one euro, one pound, etc… which includes the original wager. Be sure to keep that in mind when looking at the other odds types.

If Candidate A wins the election, every $1 wagered will win $.50 plus the original $1 wagered which equals $1.50 or 1.50 odds.

Candidate B: every $1 wagered earns $1.45 which equals $2.45 or 2.45 odds.

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Why Gamble Online?

Gamble-OnlineGambling has been around in one form or another pretty much since the start of civilization. It’s an activity that has often been frowned upon, largely due to the fact that there’s risk and money involved, but it’s fair to say it’s far more socially acceptable these days. It’s certainly nothing to be ashamed of.

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Online casinos allow people to play the games they enjoy from the comfort of their own home. In fact, playing online may actually be better than travelling to a ‘real’ casino for several following reasons.

Pros of online gambling

Players have the ability to choose from a huge range of games – as the cost of running games online is minimal, casinos can offer a huge selection

Every game is available – unlike in a real casino where a favorite machine may be taken, online there is no problem with fighting off other people

Because the cost of running games for online casinos is so low, many offer a much wider range of betting limits online. Some casinos, for example, offer 1 cent Blackjack games.

Many online casinos want to entice players to sign up so offer a range of bonuses. This ‘free money’ gives a player an incentive to sign up, although often attached wagering conditions make winning with this money difficult.

Competition is fierce meaning players are often able to take advantage of numerous bonuses, prize draws and competitions that are regularly won. Generally, better odds are also available online particularly with reference to slot machines. Again this is down to low operating overheads and competition.

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Why Gamble At All?

There are a whole range of reasons why people choose to gamble, but there are two in particular that probably apply to most people. The first is simply that it’s a great form of entertainment. There are a number of different ways to gamble, and they can all be entertaining in their own way. Placing a wager can add to the excitement of watching a sporting event; casino games can also be a good deal of fun and pitting your wits against opponents on the poker table can be both challenging and enjoyable.

The second reason is, somewhat obviously, the fact that it’s possible to win money through gambling. Most people really enjoy the thrill of winning, because it’s a great feeling regardless of whether it’s a huge amount of money or just a little bit of extra cash. Indeed, for many gamblers the buzz of winning is just as important to them as any money that they actually win.

Advantages of Gambling Online

When compared to traditional forms of gambling, such as visiting a casino or placing bets over the telephone, online gambling offers a number of advantages. For one thing, it’s incredibly convenient. Whenever you feel like playing or betting all you have to do is turn on your computer and log in to a gambling site. With the increasing number of mobile compatible sites you can even make wagers and play games from your smartphone or tablet.

There’s also the fact that you can bet or play at almost any stakes that you want. Most sites have very low minimums and very high maximums so everyone is catered for. Another huge advantage is the bonuses and rewards that sites offer their customers. It’s a very competitive market, and many of the top sites are incredibly generous to both new and existing customers.

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How To Live Betting Successfully

live-bettingRight Money Management

This is something all bettors should pay attention to regardless of their betting strategy and it applies to in-play betting as well. Setting the bankroll or the amount of money you plan to use for this purpose is one of the first things a bettor needs to do and since the live betting market is all about single bets, you should always place the same amount (approximately 5% of your total bankroll) on individual bets as this would give you the highest chances of creating profit in the long run.

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Only bet on sports you follow closely

In-play betting is unique in a way that it gives you the best opportunity to cash in on your understanding of a certain sport, so in order to increase your chances of winning you need to only bet on the sporting events you follow closely. Obviously, there is no point in wasting your money on sporting events you know nothing about.

Watch the games when possible

Great thing about this betting type is that you can watch a part of a game before placing your money, which can often prove to be the difference between winning and losing a bet. You can check the teams’ line-ups, tactics and style of play before betting on the game, so you should by no means pass on this excellent opportunity. If the match you are betting on is not broadcast live on TV, you can be sure that one of the online bookies will Live Stream it on their site.

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Only bet on sports you follow closely

In-play betting is unique in a way that it gives you the best opportunity to cash in on your understanding of a certain sport, so in order to increase your chances of winning you need to only bet on the sporting events you follow closely. Obviously, there is no point in wasting your money on sporting events you know nothing about.

Watch the games when possible

Great thing about this betting type is that you can watch a part of a game before placing your money, which can often prove to be the difference between winning and losing a bet. You can check the teams’ line-ups, tactics and style of play before betting on the game, so you should by no means pass on this excellent opportunity. If the match you are betting on is not broadcast live on TV, you can be sure that one of the online bookies will Live Stream it on their site.

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Bankroll Management

WagerWebEmploying a good, consistent sports betting bankroll management system will reduce the chances of extreme losses and help turn a hobby into an investment. Check WagerWeb and find the best online betting site!!!!

What are you trying to do when we focus on money management? Simply, trying to manage your money to minimize the chances for loss and, more specifically, minimize our risk of going broke.

Here are some tips to help keep your bankroll in the black.

Reason for Betting on Sports

How do you determine how much your maximum bet is? Depends on your reason for placing sports bets. Different bettors are looking to accomplish different goals

If you’re placing bets for pure entertainment, betting $100 per game on Monday Night Football will only set you back about $5 a week if your picks break even; that’s cheaper than going to a movie every week, and if it adds excitement to your sports viewing it’s well worth the cost.

If you’re more serious about wagering on sports, you have to treat your wagers as investments. In this case, you’re basically running a business in which your bankroll is your inventory. In this case, you might set your max wager amount a little higher when you see good opportunities for investment, i.e. good lines on games that you can easily handicap.

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Use Sportsbook Tools

Bankroll management tools built into various online sportsbooks can be your best friend. Online books that post your account balance clearly on every page of the site and those that have user-friendly account management tools can be the bettor’s best friend. When selecting an online book to do business with, look into their user interface and what kind of financial tools they offer to help you keep track of your wagers.

Use Flat Betting to Maintain Profit

Flat betting means placing similar or identical bets on every game that you bet on. Varying your bet size can turn a winning day into a losing one, a situation in which you win more bets than you lose but still lose money.

f you’d used flat betting, placing the same wager on all three games, you would have turned a profit. In this example, you place a flat bet on all three games, putting up $220 to win $200 on each. Even if any one of the teams loses, you’d still profit $180. Varying your bet size puts you in a situation where picking more winners than losers doesn’t turn a profit. By placing flat bets, all you have to do to end up turning a profit is pick more winners than losers.

Bankroll management is an easy concept to learn but a difficult one to keep in practice. All gamblers have a tendency to want to take a big risk in search of a big payoff, but sticking to a fairly rigid set of rules about your bankroll can keep you from blowing your budget based on a hunch or an emotional wager. Work out your total gambling budget, your max bet size, and stick to the tips above to maintain your bankroll

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How to win at Sports Betting

Best online betting siteThere are also many ways to win at sports betting. Let’s examine some of these ways now.

Tailing a Respected Capper

Sometimes, you will find a handicapper who sells or gives away picks who has a solid track record. There are a few reputable sites that offer picks for sale that you can use to profit. Being early is key here. If a big time syndicate is pounding a line into shape, you want to be in as early as possible, before books catch on and adjust.

Line Shopping and Steam Chasing

Line shopping is an easy way to gain an edge. This method involves looking for sharp, trusted lines and then finding other sites that are slow to update their lines. This can happen a lot in the last hour before game time.

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Bonus Chasing

Bonuses are in shorter supply than in years past, but there are still good values to be found here. Sportsbooks often offer a “first time deposit” bonus or a reload bonus for players who are depositing. Hunt online for books, talk to your friends, and search forums to find the best bonuses available.

Do It Yourself

You can also “do it yourself” and become a handicapper. However, most, if not all, information that you come up with already priced into the lines. So, it doesn’t do you much good to look up the weather forecast or the coaches’ records on primetime games or other stats such as rushing yards or goals scored. The bookies, and other smart handicappers, have already pored over all this information and it has been accounted for.

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Getting Paid

Make sure you bet with highly respected books for the most part, but don’t be afraid to take a shot at a smaller, up and coming book.

Become the Bookie/Bet on an Exchange

Exchange betting is becoming more and more popular nowadays, with the advent of the internet and online books over a decade ago. This can allow you to effectively “become the bookie” and offer other gamblers odds on a certain outcome. Even when taking into account the house commission, this can still prove very profitable.

Things to Avoid

There is a myriad of things to avoid when betting sports. For example, try to avoid

  • Paying -110 when -105 is easily available somewhere else.
  • Don’t bet more than normal because you’re stuck for the day/week/month/year.
  • Don’t bet more because the game is on TV.
  • Take any picks with a grain of salt. Most picks, especially picks that are given away, are worth their weight in gold, so 0.
  • Avoid betting on your hometown team if it becomes a big deal if you lose.
  • For the most part, avoid teasers, parlays, and future betting. The same goes for betting in running.

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Understanding the Inevitable Downswing

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(sportsbookreview.com)- Knowing that no matter how good you are at poker, you’re going to go through periods where you’re losing money ahead of time is half the battle, but your overall poker strategy needs to deal with the other half.

Are you aware of the mistakes you’re making at the table? Do you use software to analyze your hands? How about coaching? This is something you should do even when you’re on a heater, but it’s even more important to improve your game and increase your win rate when you’re running bad.

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If your poker strategy’s a good one, you’ll be a winning player in the long run, which means over a large sample size of hands. How large? Infinitely large, if you want 100-percent certitude. Otherwise, there’s always a risk of ruin when you play poker.

In order to ensure you get to play as many hands as possible without going bust, not only do you need to keep improving your poker strategy, you also have to exercise proper bankroll management and game selection. Game selection is a bit more subtle, but if you’ve had good coaching up to this point, the idea will have been drilled into your head by now: Most of your profit at the table comes from weaker players than you. Are you letting your bankroll bleed out because you’re butting heads with the best of the best? Don’t let pride cloud your judgment – play softer games in times of need.

Taking these positive steps will minimize the amount of time you spend in a downswing. You may not have ultimate control over the results, but you are given the power to do exactly as you see fit. You are in charge, but only if you take charge.

(click here to know more about this article)

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Derby top three

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(espn.go.com)- The morning of May 4 The top three finishers in the Kentucky Derby were doing fine at Churchill Downs.

Winner American Pharoah and third-place finisher Dortmund walked the shedrow at trainer Bob Baffert’s barn, and runner-up Firing Line did the same a few barns away for trainer Simon Callaghan.

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On May 16 at Pimlico Race Course All three are being aimed for the Preakness Stakes.

It was an easy Monday morning for Firing Line. He came out of his stall and took a bath at 8 a.m. and then walked the shedrow for a half-hour with assistant Carlos Santamaria.

Housed in Barn 42, Firing Line’s stall has not been the home to any recent Kentucky Derby winners, but in the early 1990s, it was the place to be for the Preakness. Hansel had the stall in 1991, and Pine Bluff was there one year later for the Derby, both losing in the Derby but winning two weeks later in Baltimore.

Simon Callaghan hired  37-year-old Santamaria as his assistant less than two months ago and it has already been a magical ride.

“I never thought I would be here. This is a race that you dream about,” said Santamaria, who started his career with trainers Charlie Whittingham and David Hofmans before spending the past 19 years with Jack Carava. And Firing Line is a dream horse to work with.

In the Derby, Firing Line finally got the best of his nemesis, Dortmun, a colt he had twice lost to in photo finishes. However, he could not take down race favorite American Pharoah and finished a length back. (click here to know more about this article)

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Gambling Money Management

online betting siteGambling is an entertainment enjoyed by millions of people and games of chance are more popular and easier to find now than at any time in the history of the United States. What better time for a little refresher in how to protect your bankroll

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Determining your bankroll

This may seem silly, but the number of people that skip this simple rule is staggering, probably because people forget that they are actually risking their money when they play a game of chance. I’ve seen countless players risk every penny in their pocket. Sometimes they play table games or slots with their rent money.

The most important thing to do is budget your money and figure out what you can spend (risk) for entertainment. Gambling is entertainment, and while the thrill of winning is great, it is not guaranteed. Determine your gambling bankroll for the month and don’t exceed it

Learn the games you are playing

Sure, this sounds easy, but we humans are fickle and impetuous creatures. We like new things and we often leap before we look. If you’ve never played blackjack before, is it a good idea to risk all your money at the casino playing the game? No.

Put some time into learning the rules of any game you are going to play, whether it is craps, blackjack, roulette or even the slot machines. We are all suckers for new things, but when you pass that new table game, don’t immediately sit down and risk your cash. At the very least ask the dealer or a pit boss for a pamphlet with the rules to the game and figure out what it will cost to play. or instance, say you see the new World Poker Tour 3x Raise table game and it looks innocent enough. There are two side bets and an ante.

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If you play the hand (which you should 90-percent of the time) you have to place another bet three times your ante. If you bet $10 on each bonus and $10 on the ante, you would then bet $30 on the “raise” and have a total of $60 in action. The house edge total is about 2.8 percent. An average blackjack player is at a disadvantage of about 2 percent, basic strategy players only about .75 percent. Is your bankroll strong enough to handle $60 bets?

Set a time limit for your play

This is a very crucial rule to follow because the longer you play and the more hands or spins of the slot reels you bet on, the more expensive your trip to the casino will be. Too many players start off hot and win the first hour or so, but keep playing through thirst, hunger, and sleepiness because they think they will continue winning.

The truth is, if you play long enough, you will lose. End of story. If you budget your time as well as your money and learn the games you are playing, you can enjoy your trip to the casino. Some times you will win – enjoy the rush, take the cash, and play another day on the casinos’ money! When you lose, take it in stride because you budgeted for some entertainment, not to win your rent money.

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