All posts by phnseo

How to Calculate Betting Odds and Payoffs

betting oddsThe most basic information there are the win odds quoted on each horse. Those don’t tell you what the horse will pay, but the amount of profit you will get and the amount you have to bet to get it. 6-5 means you will get $6 profit for every $5 wagered. 20-1means you get $20 profit for every $1 wagered (i.e. bet $2 and get $42 back).

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Since most tracks have a $2 minimum bet, below is a handy chart look up the payoff for a $2 bet at various odds. Remember, your actual payoff may differ from this chart as the odds on the toteboard are rounded off, so 2-1 odds on the toteboard may actually be 1.9-1 or 2.2-1. Payoffs use the actual odds and are rounded down to the nearest nickle or dime depending on the rules at that track. This rounding is called breakage which can be a complex topic for beginners.

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If you want to calculate the exact win odds on a horse, you will need to use a couple of other figures from the toteboard: total win pool and amount bet on that horse. The total pool is all the money bet on all the horses to win, but it is NOT the amount that will actually be paid out to the holders of winning tickets. Before the track pays off the winners they deduct the “take” which is generally between 14%-20% and is different for every state.

This money goes to pay state and local taxes, purse money for the horsemen, expenses at the track, and the track’s profit. To calculate the exact odds on your horse, just subtract the take from the total pool then subtract the amount bet on your horse to give you the amount of cash to be paid out. Divide that figure by the amount bet on your horse to get the exact odds. This figure will always be rounded off to the nearest dime (usually) or nickle as mentioned above before the payoffs are calculated.

Here is a simple example of win odds calculation:

Total pool: $900
Amount bet on horse #1: $300
Take amount: 15%
$900 – 15% = $765
$765 – $300 = $465
$465 / $300 = $1.55

Round this off to $1.50 for breakage and you get odds of 1.5-1 or 3-2 as it would normally be written which yields a payoff of $5.00 on a $2.00 wager.

Pay-offs for $2 win bets:

ODDS PAYS ODDS PAYS ODDS PAYS
1-5 $2.40 8-5 $5.20 6-1 $14.00
2-5 $2.80 9-5 $5.60 7-1 $16.00
1-2 $3.00 2-1 $6.00 8-1 $18.00
3-5 $3.20 5-2 $7.00 9-1 $20.00
4-5 $3.60 3-1 $8.00 10-1 $22.00
1-1 $4.00 7-2 $9.00 15-1 $32.00
6-5 $4.40 4-1 $10.00 20-1 $42.00
7-5 $4.80 9-2 $11.00 30-1 $62.00
3-2 $5.00 5-1 $12.00 50-1 $102.00

 

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NHL Live betting

online betting siteFor every NHL game, once the action is live, bettors can place the following bets during intermissions:

For all 1st and 2nd period intermissions:

  • One handicap line
  • One money line
  • One total

We will not offer live odds after the third period in tied games, and there is no offering between OT (Over Time) and shootout.

For selected high profile games, especially so during the playoffs, we may also offer up to three alternate handicaps and totals, giving you even greater options in-play.

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As with all of the odds offered at Pinnacle Sports the margins are extremely competitive at 4%, which in American odds is 16 cent, or -108/-108. You will do well to find value like this anywhere else.

The limits are also what you have come to expect from Pinnacle Sports and will generally be as follows, though they vary by game, and may increase during the Playoffs:

  • Handicap $1,500 or equivalent in your currency
  • Money Line $3,000
  • Total $1,500

NHL Live betting strategy

Betting on an NHL game as it progresses can simply add an extra interest to watching the action unfold. Ice hockey is fast, furious and adrenalin packed, so what better way to match that excitement than by trying to interpret the ebb-and-flow of the game with a live bet.

Your basis for making a pre-game bet – such as tactics, formation & form – can quickly unravel once a game begins to unfold, so live betting enables you to wait to confirm your pre-game ideas about how things will pan out.

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As well as providing an alternative to pre-game betting, Live NHL betting can also provide a compliment. Should you bet pre-game on the Leafs to win in regular time against the Kings, and they take a 2-0 lead in the first period, you can hedge this bet using updated intermission odds by taking the expanded price on the Kings. This kind of basic hedging can work across handicaps, money lines and totals.

Understanding team mentality is vital for live NHL betting. For instance a team trailing by one goal towards the end of the game may pull their goalie and replace him with an additional attacker. However, this often leads to the winning team scoring again, rather than an equalising goal, which should interest bettors betting on games with -1.5 handicaps during the second intermission of close matches.

For more expert bettors Live NHL odds can enable correlated betting based on perceived relationships between the three main markets offered.

Hopefully you have read enough to encourage you to bet the next NHL action live

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American Roulette Online Strategy

American Roulette Online StrategyAmerican roulette is a popular casino game that dates back to the 18th century. It is based on European roulette but is played with slight variations. It is a popular game in US land casinos and online casino for US players.

It is an exciting game that provides a multitude of different betting options and payouts and thus is ideal for all types of gamblers; those who enjoy high risk wagers that offer big payouts, and for those players who prefer a lower risk level and are happy with lower payouts.

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American Roulette is a game of chance where no past events affect future events. The roulette wheel and ball have no memory. The odds of the ball landing on a particular number are exactly the same on every spin, regardless of the outcome in previous spins. In order to be a successful American roulette player you must remember this fact so you do not get drawn in to make bets based on the probability of a future outcome. There is no probable outcome in roulette.

Roulette was introduced to Americans in the 18th century when French immigrants, fleeing the French Revolution, brought with them to New Orleans, Louisiana many different gambling games such as blackjack, baccarat and roulette. In those days New Orleans was the gambling capital of the US and casino owners changed the European roulette by first changing the layout of the game completely but eventually settling on a similar layout the European roulette with the addition of a double zero.

This added number slot for a double zero increases the house edge to 5.26% on single number bets, compared with European roulette where the house edge is only 2.70%, therefore the first strategic advice for American roulette is not to play it if there is a game of European roulette available.

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Focus on Outside Bets

American roulette offers many different bets and bet combinations. These bets are divided into two categories; inside bets that offer high payouts on bets that have a lower probability of winning and outside bets that offer lower payouts on bets that have a higher probability of winning.

The inside bets such as a single number bet tend to be very tempting due to the 35-to-1 payout offered for single number bets. New players are especially tempted by the big payout since they fail to properly assess the risks of such a bet.

Outside bets such as Red/Black, Low/High and Even/Odd that offers a payout of even-money. Even-money bets pay a ratio of 1-to-1. Outside bets also include the Column bet and the Dozen bet that pays at 2-to-1. The payout might not seem so high but the probability of winning is greater which is what makes these bets worthwhile.

In case you are tempted to make inside bets, try to avoid making single number bets and focus on bets on adjacent numbers. Bets include the Split bet that is made on two adjacent numbers and offers a payout of 17-to-1, 3 Line bet (also called Street bet) on a single line of three numbers that offers a payout of 11-to-1, Corner bet that is made on four numbers that have a mutual meeting point on the roulette table. Corner bets offers a payout of 8-to-1.

In addition there is the Basket bet on 0, 00, 1, 2, and 3. This bet pays out at 6-to-1. This bet is only available in American roulette. Double Street bet that is a bet on 2 adjacent lines of three numbers each. The Double Street bet pays 5-to-1.

Always remember that the higher the payout offered the lower is the probability of winning the bet.

Don’t Overspread Bets

Sometimes players can make the mistake of overspreading their bets, when they can easily make fewer bets at a lesser cost that have the potential of generating the same outcome in terms of profitability.

Let us assume you are betting $2 chips on each of the low eighteen numbers and $4 chips on each of the higher 18 numbers, making the total amount you bet $2 x 18 + $4 x 18 = $108. Now if the outcome of the spin is a low number you would win $2 x 35 = $70 which is not even enough to cover the cost of your bets. If a high number wins the spin you would win $4 x 35 = $140.

However if the ball landed on 0 or 00 you would have lost your entire bet. Instead of doing this you can do something that could produce the same results for less money.

Make an outside bet of $70 on Low 18. If the ball lands on any of the numbers 1 through 18 you would double your money and win $140 and if the ball lands on High 18, 0 or 00; you would lose your money.

Either way your maximum win potential is $140 but when you overspread your bets you end up risking an extra $38.

 

 

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Caribbean Stud Poker

Caribbean Stud Poker Caribbean Stud Poker is one of the more interesting online poker variants and is very similar to the game of 5 Card Stud Poker with the exception of showing one of the dealer’s cards throughout the game. What’s more, instead of going up against other players, you will have to compete against the dealer.

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Caribbean Stud Poker is a variant of poker and does not have a definite and well traced origin. The game simply evolved when poker became very popular, and was created by casinos to attract more player traffic. Some reports claim that David Sklansky created the game under the banner of “Casino Poker” in 1982, but was unable to secure a patent for it. Later on, another player secured a patent for the game under the name Caribbean Stud. There is also another thread concerning the origins of this game that states that this poker variant evolved on a cruise ship on its way to Aruba, for which it earned its name.

However, according to the most common beliefs the game originated in 1987 when a lucked-out poker player taught James Suttle the rules of the game. This poker variant soon featured in the King International Casino in Aruba and eventually went online. At this point, Michael Titus, a software nerd decided to add a progressive jackpot to the game, which ramped up its popularity.

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The rules of Caribbean Stud follow the same lines as 5 card stud but does not allow for bluffing, as the players compete against the house. Here, players go up against the dealer who is allowed only one hole card.

The game begins when a player places his ante bet and decides whether to be a part of the progressive jackpot. After this, each player is given 5 cards dealt face down, of which the dealer will reveal one card of his. Players can then look at their cards and reveal their best hands. The player with a hand value higher than that of the dealer’s will win the game.

Poker players who are looking to win at playing Caribbean Stud should not discuss their hand values with other players as this can result in a forfeit or disqualification. Players are also advised not to fold a pair and to remember to fold if they do not get anything higher than an Ace and King.  This simple tip will help to reduce the house edge in favor of the player.

Another tip that can be used in this game, is to raise a hand with A, K and Q or one with A, K and J if you should come up against the dealer’s open card of either an A or K.

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Katie Walsh wins Irish Grand National

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Katie Walsh is the first female rider to win the race since Nina Carberry on Organisedconfusion in 2011

Rule The World held off Sizing Coal for second with AP McCoy, riding the race for the final time, sixth on Cantlow. Band Of Blood, a 50-1 shot, was fourth after weakening on the run-in. Ruby Walsh, who has won the race twice, failed to finish on the fancied Perfect Gentleman.

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Five horses came to grief at the first fence in the three-mile-five-furlong contest, and a number of others failed to finish.

Three runners for leading owners Gigginstown House Stud led the field turning into the home straight, with Sandra Hughes-trained 20-1 shot Thunder And Roses alongside the Mouse Morris pair of Rule The World and Band Of Blood.

The trio jumped the final fence virtually as one but Thunder And Roses picked up best on landing, galloping all the way to the line to secure a four-and-a-quarter-length victory.

The win was emotional for Hughes, who took over the training licence following the death of her father, Dessie, last November. Dessie trained 2003 Irish Grand National winner Timbera.

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Straight Wagers Explained

online betting siteA point spread is installed for game that tabs the favorite as well as the underdog in a particular match up. The favorite gives points, while the underdog receives points on the betting line. This handicap is installed based on what oddsmakers believe will make it an even match up. The bet is placed on which team a bettor believes will cover the line. The bet is won by picking the correct team that wins against the spread. The underdog does not necessarily have to win the game outright to cover the installed spread for them as the favorite can win the game but still not cover the spread. Spreads go strictly by margin of victory/defeat.

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he money line and and the point spread aren’t that dissimilar from each other. There is a favorite, and an underdog set in the match up. But the big difference is that there is no point spread installed for either team. The bet is placed on which team that is believed to win the game straight up with no spread. Yes, this sounds easier, but the payouts are a lot different than with a point spread. The payout on a favorite is typically very low, with much more required to risk to profit. The opposite is true for the underdog, where the payout can be much higher because they are not favored to win. A money line is set on a $100 parameter.

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Every match up for a game will typically have three basic straight wagers, of which two we’ve discussed. A point spread, and a money line are two of them. The third is a game total. The game total is set for the two teams combined points, runs, or goals in the match up. From there, a bet can be placed on whether the game total will go over that mark, or go under that mark. Betting on game totals is particularly attractive because you do not need to root for one team or the other but rather for offense or for defense. If you wager the over, you don’t care who wins as long as they are scoring a lot of points & the opposite can be said for the under.

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Betting to Place in Horse Racing

racebookWhen you bet to place your horse must finish first or second in order for you to cash a ticket. The payoffs are understandably lower on winning place bets because the place pool (all money wagered to place on a race minus the track takeout) is split between two horses – the horse that wins the race and the horse that finishes second.

But while the payoffs are lower for place bets, there are certain situations in which place betting can be lucrative. In fact, some very intelligent gamblers make a living by simply by waiting for overlays in the place pools.

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Unlike win betting, in which you can see approximately what your horse will pay to win on the tote board before the race runs, determining what your horse will pay to place requires you to do some calculating based on the place pool. The total amount of money bet into the place pool on a race, and the amount bet to place on each horse, is displayed on the tote board at most modern racetracks.

While the calculations required to determine place payouts may seem like too much work for a casual bettor, a patient handicapper with reasonable skills can make a profit on place betting alone. Additionally, intelligent place betting can help you avoid occasional losing streaks experienced by even the sharpest bettors.

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A reasonable accurate method of calculating what your selection will pay to place is to add all the money bet on your choice to place, as shown on the tote board, to all the money bet on the favorite to place. Or, if your selection is the favorite, add all the money bet on the favorite to place to all the money bet on the second choice to place. You then subtract that amount from the total place pool amount and subtract a further 15 percent for track take out and breakage. The amount of money left over after these calculations is approximately what will be divided among the holders of winning place tickets. Keep in mind that if the favorite runs out of the money the payoffs will obviously be higher, but what we want to calculate is the approximate minimum we would get back for our wager.

For example:

Total amount of money bet into the place pool = $48,000

Amount remaining after 15 percent track takeout = $40,800

Total amount bet on the favorite to place = $20,000

Total amount bet on your selection to place = $12,000

Total profit to be split equally among winning place bettors = $40,800 – ($20,000 + $12,000) = $8,800

$8,800/2 = $4,400 to be paid back to holders of place tickets on the favorite (the winner) and $4,400 to be paid back to place ticket holders on the second place finisher.

To calculate the amount the favorite will pay to place: $4,400/$20,000 = $0.22 per dollar wagered.

Rounding off the $0.22 for breakage the payout becomes $0.20 per $1 wagered.

A $2 place bet on the favorite would return approximately $2.40.

To calculate the amount your choice would pay to place: $4,400/$12,000 = $0.36 per dollar wagered.

Rounding of $0.36 for breakage the payout becomes $0.30 per $1 wagered.

A $2 place bet on your selection would return $2.60.

The above calculations assume that the favorite either runs first or second. If the favorite runs out of the top two spots the place payout will be larger, simply because the money bet on the favorite to place is now available to the holders of winning place tickets.

If you really like a horse other than the favorite, and you think there is an excellent chance that the favorite can finish out of the top two spots, you may have found yourself a good opportunity to bet to place or even win-place. A solid wagering strategy in this case might be to bet twice as much to place as you bet to win. If your horse fails to win but still finishes second, and the favorite runs out of the top two spots, your doubled up place bet will in all likelihood produce a decent profit.

 

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The best live football betting strategies

sports betting siteMatch Betting

The most-simple form of in-play betting. Fancy your side to win on the road this weekend but don’t think much of their pre-match price? Patience is a virtue. Hold your nerve with the bookies and wait it out. The longer your team stays at 0-0, struggling to break through the opposition defence, the more they will drift in the market. Confidence and timing are key here. If you keep faith in the fact that your team will score and win, wait until they ease to a price more in-line with your thinking and then get on. If you’re really confident you could even lump on your side to win the match despite going a goal behind. If you’re boys start slow and find themselves 1-0 down after 10 minutes, there’s still plenty of time to claw it back. Arsenal start week eight in the Premier League an unappealing 1/3 with Paddy Power vs Hull but it pays to remember that The Gunners were 2-0 down after eight minutes when the sides last met before coming back to take a dramatic 3-2 FA Cup win.

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Match Corners

Get a feel for the game and then make your bets. Is the match swinging from end-to-end? Are the hosts battering down on the goal of their unwelcome visitors or is the tie bogged down in midfield with neither side able to force things their way? It’s worth watching how the match has started and figuring out how it’ll shape the rest of play. Chelsea took a famous 2-0 win over Arsenal in week seven of the Premier League but much of the battle took place in no-mans-land meaning the game produced just three shots on target, all from The Blues. That sort of tussle would have me reaching for the corners market, less goalmouth action means less corners and under 10 in the game would have been a bet pretty early on, we ended up with just four. If it’s a midfield battle, back under a certain amount of corners and you’ll be happy to watch the sides cancel each other out.

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Booking

Whether it’s a relegation dog fight or derby at the top of the league, passions are sure to be running high when there’s more than just three points at stake. The first Merseyside Derby of 2014/15 ended 1-1 at Anfield thanks to goals from Gerrard and Jagielka, not much good if you came down either side of the fence pre-match. It’s always worth playing the bookings in games like this however as the referee will be all too aware of the rivalry and want to stamp his authority all over the fixture. Have a look through the line-ups and players preparing for kick-off. Is this a derby debut for anyone or are there players in the away dressing room looking a tad nervous and caught up in the occasion? Back them to be the first player booked, or back his employers to be the first team booked. The man in the middle won’t stand for too much so if you see a player push his luck early, his card will be marked, one way or another. An example of this came in the Merseyside Derby where former England skipper Gareth Barry went into the book after just 2 minutes. I’d put good money on that not being the last in live play either.

Under/Over Goals

Another market where it pays to have your trigger finger poised and ready for action. Has the game started at a nervous pace with both teams more worried about conceding than scoring themselves? Have a play on the under goals market, for example under 2.5 goals. You’ll need to have your senses about you when playing this market however as the closer the game gets to full-time, the smaller the odds will become. Watch the first 10 minutes with interest and make your play judging on how things are shaping up.

Asian Handicap

This is a valuable market but one you must fully understand before placing your bets, get it wrong and see how much sympathy you’ll get from bookmakers, and rightly so I suppose. Asian Handicap is about forgetting what has happened so far in the game and making your call on what is about to happen. If your team are 3-0 up and you think it’s free money to back them on the Asian Handicap -0.5, think again! The bet will be settled as if the game was level at the time of you having your say and the handicap re-sets after every goal scored. So if you’re team are 3-0 up after 70 minutes there’s every chance they’ll make a few changes to safeguard the points and avoid injuries, whereas if they are 3-0 up after 20 minutes, I’d say there’s more goals to come. Backing your side -0.5 means they will still have to score at least one more goal during the match.

Bet Smart

Betting is full of fads but it’s testament to in-play betting that it’s as popular now as it was when it was first announced, perhaps more so, punters just love it. However with the game in a frenzy and prices constantly updating across the board in front of your very eyes, it’s easy to get caught up in the moment! Play safe, understand the market you’re going to be betting on and keep your stakes in-line with what you would stick to before kick-off. In-play betting is all about having confidence, nerves of steel and being in the right place at the right time. Bookies still want most things on their own terms so will be watching the game on a feed which is probably a second or two quicker than your TV at home and will suspend betting when needed. If your team get a penalty you won’t be able to jump on first goal scorer, that’s for sure. They will have around an eight second time delay on you placing a bet and it being accepted, so the quicker you act the more chance you have of getting on.

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Horse Racing Exotics

betting oddsContinuing with our Theme about Horse Racing Exotics. Lets take a look to the -Multi-Race Betting Options

Daily Double, Pick 3 or Win 3, Win 4 or Pick 4, Pick 6

The most common multi-race bets require you to pick the winners of anywhere between 2-6 individual races in a row. The most common multi-race wagers are the Daily Double, Pick 3 or Win 3, Win 4 or Pick 4 and Pick 6.

There are a few significant advantages to playing multi-race wagers. The first is the fact that each multi-race wager has its own separate betting pool. The government and race track takeout is applied to a multi-race bet only once, despite that fact that the bet occurs over multiple races. In contrast, a separate win bet on each race would be subject to the government and track takeout on each bet on each race. So while multiple-race wagers inherently have more risk, they also offer better odds partly due to a takeout which occurs only once rather than on each race.

The second advantage to multi-race wagers is the fact that the public tends to overbet certain combinations. Like intra-race wagering, many bettors have not yet figured out how to properly structure multi-race tickets. This results in inefficiencies in the wagering pools. These inefficiencies, when combined with the one-time takeout, often provide excellent value-based opportunities for smart handicappers and bettors. As in intra-race wagering, it pays to understand the mechanics of multi-race exotic wagering.

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Daily Double Betting – The first exotic wagering option to appear at racetracks in North America, Daily Double betting requires you to select the winner of two consecutive races. For example, if you play a $2 Daily Double 5-8, the 5 horse must win the first race in the Daily Double and the 8 horse must win the second race in the Daily Double in order for you to cash a winning ticket. A popular option among many bettors is a $1 Daily Double Wheel, in which multiple horses are combined in one leg of the wager with multiple horses (or a single horse) in another leg of the wager. For example, a $1 Daily Double wheel of 2, 3, 4 with 5, 6 would include six possible combinations at a cost of $6 and would be a winning ticket if horse 2, 3 or 4 won the first race and horse 5 or 6 won the second race.

Traditionally offered on the first two races of a race card, many racetracks now offer both an early and late Daily Double and some rare tracks even offer rolling Daily Doubles throughout the card on consecutive races. Because the Daily Double is the oldest of the exotic multi-race wagers, it is very popular among traditional long-time race goers. For more info, see our article on Daily Double Betting.

Pick 3 Betting – The Pick 3, also sometimes known as the Win 3, offers an excellent opportunity for a good score with a minimal outlay of cash. It requires you to select the winner of three consecutive races. For example, a $2 straight Pick 3 of 2-1-4 would require that horse 2 win the first race (leg) of the Pick 3, horse 1 win the second leg and horse 4 win the third leg, in order for you to cash a ticket. A popular wagering strategy among many Pick 3 bettors is the $1 Pick 3 wheel. For example, if you play a $1 Pick 3 wheel combining horses 5 and 6 in the first race of the Pick 3 with horses 1 and 2 in the second leg with horses 6 and 7 in the third leg (5,6 with 1,2 with 6,7) at a cost of $8 ( $1 * 2 horses * 2 horses * 2 horses = 8 possible combinations), horse 5 or 6 must win the first race of the Pick 3, horse 1 or 2 must win the second race and horse 6 or 7 must win the third race in the Pick 3 in order for you to cash a winning ticket.

Traditionally offered twice on a race card, many tracks now offer rolling Pick 3s on consecutive races throughout the race card. There are a variety of different methods and tricks used for betting the Pick 3 that can give you an advantage over your fellow bettors. To learn more about Pick 3 wagering strategies please see our Pick 3 Betting page.

Win 4 Betting -The Win 4, also sometimes known as the Pick 4, offers both casual and professional players a chance at a four-figure score with a minimal to reasonable outlay of cash. It requires you to select the winner of four consecutive races. For example, a $2 straight Win 4 of 1-6-5-7 would require that horse 1 win the first leg of the Win 4, horse 6 win the second leg, horse 5 win the third leg, and horse 7 win the fourth leg of the Win 4, in order for you to cash a ticket. Wheeling is also a popular strategy in Win 4 betting. For example, if you play a $1 Win 4 wheel combining horses 1 and 2 in the first race of the Win 4 with horses 5 and 6 in the second leg with horses 6 and 7 in the third leg with horses 4,9 in the fourth leg (1,2 with 5,6 with 6,7 with 4,9) at a cost of $16 ($1 * 2 horses * 2 horses * 2 horses * 2 horses = 16 possible combinations), horse 1 or 2 must win the first race of the Win 4, horse 5 or 6 must win the second race, horse 6 or 7 must win the third race and horse 4 or 9 must win the fourth race of the Win 4 in order for you to cash a winning ticket. Traditionally offered once on a race card, many tracks now offer both an early and late Win 4. To learn more about Win 4 wagering strategies please see our Win 4 Betting page.

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Pick 6 Betting – The Pick 6 offers all types of bettors a chance at make a life-changing score. The most expensive of the exotic multi-race bets, it is not uncommon to see five and six figure payoffs on a daily basis. Generally appealing to those with a larger bankroll, the Pick 6 requires you to pick the winner of six consecutive races – a very difficult task.

While playing the Pick 6 as a straight $2 ticket at a cost of just $2 offers a chance at the big money, the odds of winning using this method would be more like playing the lottery. For example, if each race in a Pick 6 had eight horses, the odds of a straight $2 ticket coming in might be calculated as (8 * 8 * 8 * 8 * 8 * 8 = 262,144 combinations) or 262,144 to 1. Of course, all horses generally do not have an equal chance of winning each race, so the odds can be reduced accordingly based on your selections and their relative chances of winning. And since no bettor can afford to cover all 262,144 combinations, or even the thousands of semi-logical combinations, a single horse or key must often be used in one or more races of the Pick 6 in order to make the ticket affordable.

As an example, let’s say you found two races in the Pick 6 in which you really liked one horse and a few other races where you could narrow down the contenders. Your $1 Pick 6 Wheel ticket might look like this: 7 with 1,2,3 with 2,4 with 5 with All (8 horses) with 5,6. The cost of such a $1 Pick 6 wheel would be ($1 * 1 * 3 * 2 * 1 * 8 * 2 = 96 combinations) $96 – certainly affordable. A popular method of playing the Pick 6 is to combine the financial resources of several bettors in an effort to cover more combinations. Multiple $1 Pick 6 wheel tickets costing in the range of $500 to $1000 are not uncommon when trying for a six-figure payout. To learn more about Pick 6 wagering strategies please see our Pick 6 Betting page.

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Which Sports To Bet On?

SportsbookWe take a look at the best way to approach each sport, the differences between the two and look at which other disciplines are attractive betting mediums.

Football Betting

For long term, consistent returns in football betting, less is more. Accumulators, first scorer, correct score and other spot bets are fine for a bit of fun, but the overrounds on these types of bet are bordering on criminal. For instance, when adding up all of the odds in the first scorer market, a total book percentage of 140% is common place (a 100% book would represent no inbuilt profit margin for the bookmakers). The professionals tend to primarily involve themselves with two bet types – the Asian handicap and the over/under goals markets. These are preferable as there is only two outcomes and with top firms. the books only come to 101-102%. The purpose of these bets is to make the odds fairly level for either side, and although the returns are not astronomical, they give the serious punter the best chance of long term success. Betting in singles, or doubles is the prudent approach. Check WagerWeb and find the best online betting site!!!!

 

Horse Racing

Horse racing is attractive for a variety of reasons. Each day presents a new puzzle, with countless factors that need to be scrutinised. Winning at horse racing has become increasingly difficult in recent years, due to the presence of the betting exchanges – but it is still possible. The market is very accurate towards the off time and bookmakers use the exchanges to form the basis of their prices, but with low liquidity in the morning leading to weak prices, there is more opportunity to profit. With horse racing, due to the number of potential outcomes in any one event, the odds on offer are usually much bigger than available when betting on football matches.

The general advice is to stick to horses at the fore of the market. Due to the favourite-longshot bias, outsiders usually represent poor value and are under-priced. Again, similar to football betting, it is best to concentrate on singles and occasional doubles.

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Football Betting Or Horse Racing?

One of the advantages of betting on football as opposed to horse racing, is that accounts are usually left open for longer. Bookmakers hate punters who back horses who move in the market. They believe that a pattern of contracting horses in a punters betting history usually represents someone with inside knowledge, or a very good eye for value. These individuals are quickly restricted. Whilst the same approach applies for bettors who back football teams playing in obscure leagues who move in the market, customers who generally operate in the top leagues around Europe normally get a fairer crack of the whip in terms of not being restricted by bookmakers. It is all well and good finding value or getting on a market move early, but if you are unable to capitalise on it, then the edge is worthless.

Another aspect to consider is the cost of research. While there are a dearth of free and relatively inexpensive football statistics websites to peruse, horse racing is a different ball game. The Racing Post costs £21 per month only (when purchased annually) and top programs such as Proform Racing cost a princely £195 per 8 weeks. Some sort of form analysis software is essential nowadays – it really is that competitive. Those wishing to start betting seriously on football can start off with relatively low stakes, with very little start-up costs, but contrastingly, horse racing punters have to fork out £1000+ per year to obtain access to the vital information to elevate them to a level playing field. These fixed costs need to be factored into stake size to analyse whether it really is worth it.

The upside of horse racing is if you get it right, you can really do well. Racing offers the potential to generate yields that are difficult to obtain when betting on football. Why? Because when you are betting on football, the odds are shorter and the yields generally lower. Rarely are bookmakers so out of line that punters can make 10-15%, but with the odds of horses typically much bigger, there is more room for error from the odds compiler and their information regarding each race is less perfect than for each football match

Ultimately it comes down to personal preference, and having an interest in the sport is clearly an integral factor, as if a punter is passionate about what they are doing, they are more than likely to do better at it. To win on football, or horse racing, hard work and research is definitely required.

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