All posts by phnseo

Online Betting Terms: A

Online Betting Terms: A

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Accumulator: A series of bets on multiple outcomes, all outcomes must be successful for the Punter to win the bet.

Action: Any kind of bet.

Against the Spread: A bet where you try to determine which team will cover the spread; not necessarily which team will win.

All In: A bet where all of the bank is staked.

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All Out: When a horse is trying its hardest.

All Weather Racing: Horse racing that takes place on an artificial surface. Lingfield, Kempton and Wolverhampton provide a polytrack surface whilst Southwell provides a fibresand surface.

Ante Post: It is also possible to place some football bets weeks, months and sometimes years in advance

Apprentice: A young flat jockey who gains a weight allowance over more experienced jockeys. The weight allowance decreases as the jockey gains more victories.

Arber: A punter who locks in profit through exploiting a market by backing all outcomes of an event at a combined book of less than 100%

Arbitrage: A bet that locks in a guaranteed profit, whatever the outcome.

Asian Handicap: Asian handicaps are, as the name suggests, a special type of handicap betting popular in the Far East and commonly used in football betting.

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Sports Betting Strategies: Teaser

Sports Betting Strategies: TeaserCheck WagerWeb and find the best betting site!!!!

Teasers, sometimes referred to as “Wong Teasers, are one the easiest bets to calculate value of, and then find +EV wagering opportunities.

What is a Teaser Bet?

A teaser is a parlay bet that uses modified point spreads.

For example in a “3-team 6-point teasers” using Jets/Colts o43, Patriots -3, and Jags +4 what you end up with is a parlay on Jets/Colts o37, Patriots +3 and Jags +10 as each spread is modified six points.

In football, the most common modification is six points. Example: this week there are three bets you like: Jets -7.5, Raiders +1.5, and Bills +5.5. Rather than betting these straight or in a parlay, you could make a three-team six point teaser bet of Jets -1.5, Raiders +7.5, Bills +11.5. To win the bet, you’ll need all three teams to cover.

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Standard Teaser Odds

Teaser odds vary from site to site. When betting six point football teasers, you want to find 2 teams -110 or better, 3 teams +180 or better, 4 teams +300 or better. Teasers use fixed payouts and therefore it’s difficult for the average sports bettor to decipher the odds on individual teams.

Even if the betting site you use offers reduced juice, such as -105 as opposed to the standard -110, if you pick randomly on straight point spread wagers you’re going to lose over the long run. The expected loss randomly picking at -110 is 4.55% and at -105 2.38%.

There are quite a few teasers that are great blind bets. The first is NFL underdogs +1.5 to +2.5 and NFL favorites -7.5 to -8.5. If you use these in 3-team 6-point teasers at +180 and manage your bankroll well, chances are you won’t lose much over the long run, and might even come out ahead.

Teaser Rules for Pushes

The rules for pushes are generally the same at each site. If a leg in a teaser pushes while any other leg is a loss, the teaser bet is graded a loss. A push and all wins reduce the same as they would in a parlay.

Advanced Teaser Strategy

A teaser bet is a parlay using a modified point spread. In order to analyze teasers strategically, we need to break the bet down to the point where we understand what odds we are paying per leg.

2 team 6 point (-110) teasers. To break even at -110 you need to win 52.38% of your bets. The formula used to calculate this is risk divided by return, where return equals stake plus win. For example, a bettor risks $110 to win $100, the return is $210, so the math here is $110 risk/$210 return=0.5238 which is 52.38%. This is how often “both” legs of a teaser must win for the bet to be break even. We need to ask ourselves “how often must each leg individually win to achieve a 52.38% win rate?” To calculate this, what we need to know is what number times itself equals 0.5238. Using a square root calculator, we find 0.7237 x 0.7237 = 0.5238. This means that each individual leg must win 72.37% of the time on average for the teaser bet to have neutral (break even) expectation. To keep from getting math intensive, I’ll simplify things and tell you to Google search “Moneyline Converter”, plug in 72.37%, and see in American odds format that this equates to a moneyline of -262.

We’ve now deciphered a two team six point teaser at -110. What we have is a two team parlay at -262 per team. The bookmaker sold us six points and charged us 152 cents (from the standard -110) for those points.

This same math can be used on other teasers as well.

 

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Advantages of Online Betting

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Online betting has been a popular pastime for many throughout history, Online betting has been around for a while now but it continues to evolve. Millions of people around the world are wagering on sports online, playing online poker, among other online games.

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The beauty of online gambling is accessibility. You can gamble wherever you can get the Internet. You can also use different instant payment options which make it that much easier.

There is also the advantage of diversity, Most online casinos feature a large variety of casino table games, slots and video poker machines.

The convenience factor is another big advantage. You can bet any time you want, just by going online and logging in at your favorite site. This is much easier than phoning a bet through to your bookmaker, or making a trip to a bookmaking shop.

The odds and lines available from betting sites are frequently better than those available offline. This is a huge advantage of betting online,

There are loads of opportunities when betting online, because many sites offer betting markets on virtually every sport you can imagine.

Most online casinos offer free moneybonuses in order to entice new customers and to keep up with the competition.

gambling online is usually safer than playing in a land based casino and carrying big amounts of cash money in your pocket.

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Sports Betting Math

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Some mistakenly believe that mathematics and statistics are insignificant in sports betting. The truth is that just like in casino games, the effectiveness of a sports betting system to generate profits depends strictly on mathematics.

All gambling is mathematics, even games of chance. If you understand the math behind the game, you understand the game and can give yourself an advantage.

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Depending on your favorite sport, you may need to think about things like bye weeks, underdogs, quarterback ratings, and injuries with the same fervor other connoisseurs reserve for fancy winces.

 If you see the wagering board, you might think what are those funny numbers on it. It looks like this:

428 Cowboys +175
429 Redskins -4 -200 38

Some of this is easy enough to read. The Redskins -4 means the Redskins are favored to win and must do so by at least 5 points for a bet on the ‘Skins to pay out. The next number (-200) is the moneyline, in this case the Redskins are a 2/1 favorite. The last number (38) is the total, the over/under of the expected number of points scored in the game.

Look at that over/under number. If you think this is going to be a particularly high or low scoring game, based on your knowledge of the teams, or information about a hurt player or bad playing conditions, you can place a wager on the total of points scored.

So how do you know how to literally lay down a sports bet? You need to know three things:

  • The type of bet you want to make
  • The number of the corresponding team you have chosen and
  • The amount you wish to wager

Knowing all that beforehand gives the ticket writer the details you need to write the ticket without having to bend over backwards to process your bet.

If you place two $100 bets, and you win, you’ll collect $440. You should consider leaving a tip around five percent of your winnings.

Going back to the topic of mathematics in betting, coming out a winner in sports betting depends on a very simple equation.

Y= X*Z, where X is the average odds of betting and Z is the success rate of predictions. If the product (Y) is greater than 1, you will be a winner in sports betting in the long run. Otherwise, the smaller than 1 the quicker you lose your capital.

In the example above, we saw that X equals to 2.00 and Z to 0.45 (45 percent).  Thus, in order Y to become larger than 1, either X or Z should increase. This means we should choose higher odds than 2.00 or increase the success rate of our forecasts.

So there are two solutions:

  • to stick to the same method of picking our bets looking, however, forbetter odds; or
  • to improve our betting system’swinning probability.

In the first case, odds comparison is crucial, while in the latter we should work on the parameters and variables of our system.

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Sports Betting Glossary W-Z

Sports Betting Glossary W-Z

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 Sports Betting Glossary W-Z

Vigorish

Means the commission paid on losing bets to the bookie for the privilege of placing bets.

Wager
A wager is to have risked money, or something of value, on the outcome of an event.

Wiseguy
Refers to a knowledgeable sports bettor.

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You can also check :

Sports Gambling Glossary: A – C
Sports Gambling Glossary: D – F
Sports Gambling Glossary: G – I
Sports Gambling Glossary: J – L
Sports Gambling Glossary: M – O
Sports Gambling Glossary: P – R
Sports Gambling Glossary: S – U
Sports Gambling Glossary: W – Z

 

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How to Win at Sports Betting

How to Win at Sports BettingCheck WagerWeb and find the best betting site!!!!

A lot of people think that you cannot win at sports betting. The fact is that sports betting is one of the very few forms of gambling that you can win at. The others are horse racing, and poker.

Making money betting on sports can be tough, but there are a lot of sports bettors who consistently win, and there are even a lot of professional bettors who make a good living off of sports betting.

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The number one mistake that losing sports bettors make is not properly considering the odds which they’re being offered. When deciding on their bets, they simply try to work out who is going to win, and then bet on that team regardless of the odds on offer. The vast majority of people don’t understand the concept of ‘value’ when it comes to sports betting and don’t pay enough attention to getting the best odds.

How do you go about finding good value bets? The first step is to convert the odds on offer into implied probability. If you’re being offered 2/1, simply put the bottom number over the sum of the top and bottom numbers and convert this to a percentage to get the implied probability.

The last thing you need to master if you want to win at sports betting is coming up with the probabilities which you need to compare with the odds the bookmakers are offering. The only way to do this is through hard work and research.

If you want to be a winning sports bettor, you’re usually better off sticking to one or two sports and studying them in detail. This gives you the best chance to gain an edge over the bookmakers and make some money.

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Sports Betting Glossary S-U

Sports Betting Glossary S-U

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 Sports Betting Glossary S-U

Sharp
Refers to an intelligent sports bettor.

Shill
Refers to a person who promotes a sport service or sportsbook for compensation without acknowledging the fact.

Smart Money
Refers to the money wagered by intelligent bettors.

Sportsbook

Refers to an establishment that accepts wagers on sporting events.

Square
Refers to an naive bettor, who will typically lose money over the course of a season.

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Steam
Refers to a sudden rush of money all coming in on one team or total.

Stiff
Refers to a bettor who does not pay their debts.

Straight Up
Refers to the winner of a game without regard to the point spread.

Syndicate
Refers to a collection of gamblers who pool all of their efforts together in an attempt to beat the sportsbooks.

Systems
Refers to specific formulas used to determine a team to bet on in a sporting event.

Teaser
Is a wager that consists of at least two football or basketball teams and all teams must cover the point spread for the bettor to win.

Total
Is a betting opportunity that is won or lost depending upon the combined score of both teams in a contest.

Trends
Refer to specific situations and how teams respond for betting purposes in those situations.

Under
Refers going under the total (over/under) of a particular game.

Underdog
Means the person, or team, expected to lose an event.

Upset
Refers the underdog defeating the favorite.

You can also check :

Sports Gambling Glossary: A – C
Sports Gambling Glossary: D – F
Sports Gambling Glossary: G – I
Sports Gambling Glossary: J – L
Sports Gambling Glossary: M – O
Sports Gambling Glossary: P – R
Sports Gambling Glossary: S – U
Sports Gambling Glossary: W – Z

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Learn to bet on Baseball | How to Bet on Sports

How to Bet on Sports: BaseballCheck WagerWeb and find the best betting site!!!!

During the summer months baseball takes center stage, offering sports bettors a variety of unique wagering opportunities. And baseball lines are available daily, allowing both novice and hardcore sports betting fans to get in on the action with moneylines, totals, runlines, and futures

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Moneylines

Moneyline means you are betting who will win the baseball game Straight Up (SU) without a point spread. The team that wins the game wins the wager. The team with the negative sign (i.e. Philadelphia -115) is usually the favorite.

New York Yankees -150

Boston Red Sox +140

Totals

Total The Total betting line is also referred to the Over/Under Total and in this example it is 8½ O -120. For you to win your wager the Total runs from both teams would have to be 9 runs or more. The payout odds of -120 odds means that for every $120 bet pays out $100.

New York Yankees/Boston Red Sox Over 9.5 (-110)
New York Yankees/Boston Red Sox Under 9.5 (-110)

 

Runlines

Run Line (RL) The Run Line in baseball is equivalent to the point spread in football and is always set at -1.5 or +1.5. You win the wager by covering the spread – or + the spread.

Team Moneyline Runline
New York Yankees -150 -1.5 (-110)
Boston Red Sox +140 +1.5 (+100)

 

Futures 

Baseball Future Odds Baseball and MLB Future odds are odds on a future event and not a specific game.

 

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Sports Betting Glossary P-R

Sports Betting Glossary P-R

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Sports Betting Glossary P-R

Parlay

Is a combination of two or more wagers that a bettor links together and all of them must win for the gambler to win their parlay bet.

Parlay Card
Means a bet on two or more teams (or totals) where all of the games must win in order for the bettor to win the wager.

Past Post
Means to place a wager after a game has started and is frequently used when the game is finished.

Pick
Refers to a game in which neither team is the favorite.

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Press
Means to start wagering more money than usual, generally in an attept to recoup previous losses.

Point Spread
Refers a handicap that is placed on the superior team in term of points for gambling purposes.

Price
Refers to the odds on a particular outcome happening. It can refer to an individual game, a series, or the entire season.

Prop Bets
Refers to wagers that have nothing to do with who wins or loses the game.

Puck Line
Refers to a hockey bet in which the bettor can either take the favorite -1.5 goals or take the underdog +1.5 goals.

Puppy
Is another name for an underdog; the team that is expected to lose and receives points when bet on using the point spread or favorable odds when wagering with the money line.

Push
Refers to a wager that ends up as a tie after the points spread is factored in.

Revenge
Is the term used when one team has lost its most recent game against the opponent it is now playing.

Reverse
Refers to two separate if bets using the same two teams.

Rundown
Means a list of all the day’s games and the odds on the games.

Run Line
Refers to a baseball bet in which the bettor can either take the favorite -1.5 runs or take the underdog +1.5 runs.

You can also check :

Sports Gambling Glossary: A – C
Sports Gambling Glossary: D – F
Sports Gambling Glossary: G – I
Sports Gambling Glossary: J – L
Sports Gambling Glossary: M – O
Sports Gambling Glossary: P – R
Sports Gambling Glossary: S – U
Sports Gambling Glossary: W – Z

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How to Bet on Sports: College Football

How to Bet on Sports: College FootballCheck WagerWeb and find the best betting site!!!!

The college game is a completely different from its NFL counterpart, providing bettors with a greater slate of games throughout the week, including 30+ matchups on Saturday alone.

Online sports betting has been developed in big industry. Online bookmakers can save you a lot of time, since you do not need to go to local bookmaker and place a bet. Now you can place a bet at any time of day and night without leaving the Privacy of your own home..

There are many ways to bet on college football games.

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Spread Bets
The spread is a type of bet that equalizes the chance of winning a wager. The spread, or line, for college football is generally released days in advance of the game. An underdog team’s spread will be accompanied with a “+”, while a “-” indicates a team that is favored.

Moneyline

A Moneyline (ML) takes the spread out of the equation as bettors simply pick who they think will win the game. Different odds placed next to each team will quantify the payout of betting on either team.

Totals 
Your betting on the total points scored by both teams.

Parlay/Teasers
A parlay is spread, moneyline, or total bet in combination to increase the payout. In order for a parlay to payout, or hit, EACH one of the wagers must win.

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