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Winning at Sports Betting

sports betting site

Here there are the tips for Winning at Sports Betting

Line Shopping and Steam Chasing

Line shopping is an easy way to gain an edge. This method involves looking for sharp, trusted lines (usually from well respected, liquid books) and then finding other sites that are slow to update their lines. This can happen a lot in the last hour before game time. One book may list a team at -3 and then all of the sudden the line starts dropping, first to 2.5 and then all the way down to 2 and finally 1.5. However, while the line is at -2.5 at one book, another may still have -3. This would provide a great opportunity to take the underdog and “chase the steam.”

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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, as this can be where the “steam” mentioned above often originates. 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.

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. This can be a goldmine when played correctly. It is good to always try and max out the bonus while it is available. So if a book offers a reload bonus of 20% up to a $2000 deposit, it is in your best interest to deposit the full amount and take advantage of the $400 bonus. Signing up for a new book just to get the bonus is often a good play as well. Hunt online for books, talk to your friends, and search forums to find the best bonuses available. Be especially aware of special bonuses during busy times such as the NFL Playoffs or big soccer betting events such as the World Cup, Euros or even the Champions League finals, since books will be highly competitive and vying for your action.

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Do It Yourself

You can also “do it yourself” and become a handicapper. However, most, if not all, information that you come up with (widely available information) is 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. But if you are a computer whiz, or good with numbers, you may be able to develop a computer program to crunch tons of numbers in order to come up with an edge. A tip here: the smaller the market, the less attention paid to it, by bookies and other gamblers. So you may have a better shot at finding an edge in a smaller sport or market such as certain props.

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.

Let’s look at an example now.

Respected sportsbook A has a MLB baseball game listed as

Team A -130
Team B +110

You are browsing your favorite exchange and see the best available offer at

Team A -145
Team B +100

You decide to put in an offer and put up $105 to win $100 and pick Team B to win. Now the exchange will update to show

Team A -145
Team B +105

Someone decides to take your offer and bets the full $100 to win $105. Even taking into account the house’s cut (2% of all winning bets), you are still in good shape and better off than taking this bet at the well respected Book A.

Getting Paid

Of course, if you win at sports betting, it is no good unless you ultimately get 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. Read up online about the book and find out what others are saying. Try the live chat and see what withdrawal options they have. Maybe start off with a small deposit and then withdraw after a few weeks and see how they treat you. If you are getting endless emails and vague answers, it might be best to avoid this book. Initiating a cashout during peak times (NCAA March Madness, Super Bowl, World Cup) might be a good idea, since the books will probably be flush with cash and able to pay to keep the business going.

Things to Avoid

Probably the most important aspect of winning at sports betting is knowing what 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. Occasionally you’ll find someone worth following, but chances are they are just trying to sucker you in to purchase future “locks” with the promise of a free half-season if they happen to lose.

Avoid betting on your hometown team if it becomes a big deal if you lose. What I mean is that it’s fine to bet on your hometown team, but not if a loss will cause you to automatically bet bigger and bigger on later games that day. Some fans become so emotionally invested that it is best to just watch the game and avoid making a bet. Another solid reason to avoid this is because most local bookies will bump the lines to account for heavy action on the hometown team, giving you a worse value.

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Casino Games Online

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Whether this is your first time playing casino games online or not, get ready to jump into the action. We’ve got all the online slots, 3D slots, video poker, blackjack, table games and specialty games you want to play so be sure to find out what our fully-loaded online casino has to offer, make your choice and raise your game.

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BETTING GLOSSARY

Action: A live bet or bets. (“They got a lot of action on that game.” “I have action on this game.”)

Arbitrage: Betting the same event at separate sports books in order to lock in a profit by taking advantage of different betting lines.

Bad beat: A very tough, often emotional, betting loss that is characterized by rotten luck.

Bankroll: Total capital available for betting sports.

Beard: A person who is betting someone else’s money for that other person; a messenger.

Board: A presentation of all the games and events available for betting in a sports book. (If wagers are being taken on a game, the game is “on the board,” otherwise it is “off the board.”)

Bookmaker (or bookie): A person who accepts bets.

Buck: See “dollar.”

Buyback: The money that comes in on the underdog after a favorite is bet heavily enough to move the line.

Chalk: A favorite, usually a heavy favorite.

Chalk eaters: Bettors who like to bet big favorites (often a derogatory term).

Circled game: A game in which the sports book has reduced its betting limits, usually because of weather or the uncertain status of injured players.

Cover: Winning against the point spread. (A 10-point underdog that loses 20-14 has covered, or “covered the spread.”)

Dime: $1,000. (A “five-dime” bet is a $5,000 bet.)

Dime line: A betting line with a 10-cent straddle, often used in baseball. (With a dime line, if the favorite is minus 120, the underdog is plus 110.)

Dog: See “underdog.”

Dollar: $100. (If a sports book has a $500 maximum on a particular type of bet, you could say it’s a “five-dollar limit.”)

Exposure: The degree of risk that a sports book will lose money on a given game, result or proposition. (If a book is “highly exposed” on the Cubs in World Series futures betting, it will lose a lot of money to bettors if the Cubs win the World Series.)

Fade: To take the opposite side of another bettor’s wager or to accept that bet yourself.

Favorite: A team (or player) that, according to the odds, is the stronger or strongest in a given match-up or is regarded as such by the betting public or is expected to win.

First-half betting: Wagers that involve the outcome of the first half of a game only.

Freeroll: A bet you can win or push but not lose.

Futures: A type of wager involving the outcome of a season or how a particular team or player will perform over the course of a season.

Halftime betting: Wagers, based on betting lines posted at halftime, which involve the outcome of the second half of a game only.

Handicap: To study and research sports in order to make predictions on the results of upcoming games and events.

Handle: The amount of money in wagers accepted. (“The handle was down this year on the Super Bowl.”)

Hedge: To make a bet that takes the opposite side of your original position, usually to reduce risk or lock in some profit.

Hook: A half-point in the betting spread. (“I lost by the hook.”)

House: The casino, sports book or bookmaker.

Layoff: A type of wager made by one bookmaker with another, often larger, bookmaker in order to balance action or reduce risk.

Limit: The maximum wager accepted by a sports book.

Line: The point spread or odds on a game or event.

Lock: A bet that cannot lose; a term that is often misused and abused by disreputable touts.

Long shot: Big underdog.

Match-up proposition: A betting option that pits two players against one another in a contest or event, often used in golf and auto racing wagering.

Middle: A situation in which you bet both sides in a game and win both bets, due to favorable line moves. (Example: Bet a football favorite at minus 2 ½, then bet the underdog at plus 3 ½ at another book or later in the week. If the favorite wins by exactly 3 points, both bets win.)

Money line: The odds on a team winning a game outright, regardless of the point spread.

Money management: Any strategy used by a bettor for making the most of his bankroll.

Nickel: $500.

Offshore: Designation for the organized sports betting industry outside of the United States.

Out: A place to get bets down, whether it’s a Nevada sports book, offshore book or illegal bookmaker. (“It’s good to have a lot of outs.”)

Overlay: A situation in which the odds are favorable to the sharp bettor.

Parlay: A bet in which two or more events must happen in order to win; if any one of them does not happen, the wager loses.

Pay by mail: How sports books usually pay off winning tickets to tourists who make a bet while visiting Nevada, then return to their home state before they have a chance to cash them.

Pick ’em: An even match-up, a game with no clear favorite.

Player: A sports bettor.

Pleaser: A specialized form of a parlay that improves the point spread (for the book) but pays off at improved odds.

Point spread: The number of points added to or subtracted from a team’s actual score for betting purposes.

Power rating: A numerical representation of a team’s strength for betting purposes.

Proposition (or prop): An unusual or offbeat betting opportunity.

Public: Average, unsophisticated or casual bettors as a whole; or, used to describe money bet by the public (“a lot of public money came in on the Cowboys”); see “square.”

Puck line: In hockey, a betting structure that dictates the favorite must win by a set number of goals, and/or adds a set number of goals to the underdog’s actual score.

Push: A bet in which the money wagered is refunded; a tie.

Rotation: The official list of all the games on the betting board, presented in a specific order.

Round robin: A specialized form of a parlay that uses every combination of a set of teams in a wager. For example, there would be six two-team parlays within a four-team round robin.

Rundown: A reading of all the games and betting lines on a particular day.

Scalp: A form of a middle in which you bet both sides in a game, taking advantage of line movements to secure a profit.

Sharp: Savvy, highly informed; or, used to describe the money bet by sharp players (“a lot of sharp money came in on the Eagles”).

Side: A variation of a middle in which you win one bet and push the other; also, a particular team in a match-up. (“Which side do you like?”)

Sports book: The part of the casino that accepts bets on athletic contests.

Square: An unsophisticated or casual bettor, the opposite of a wise guy; see “public.”

Steam: One-sided action.

Straight: A single bet, usually laying 110 to win 100.

Takeback: On a money line, the price of the underdog. (In baseball, if the favorite is minus 120, the “takeback” on the underdog is often plus 110.)

Teaser: A specialized form of a parlay that improves the point spread (for the bettor) but pays off at reduced odds.

Totals: A type of wager that involves whether a score or result will go over or under a posted number.

Tourist: A typical visitor to Las Vegas, almost always used as another way to say “square.”

Tout: A person who sells his predictions to bettors (often derogatory).

20-cent line: A betting line with a 20-cent straddle, standard in football and basketball. (With a 20-cent line, if the favorite is minus 120, the underdog is even money.)

Underdog: A team (or player) that, according to the odds, is the weaker or among the weakest in a given match-up, or is regarded as such by the betting public, or is expected to lose.

Vigorish (or vig): The commission charged by the bookmaker.

Wise guy: A sharp, successful, established professional sports bettor. (In terms of Las Vegas sports betting, this has nothing to do with Tony Soprano, Henry Hill & Co.)

Wood: The price of a heavy favorite. (If you bet the Red Sox as a minus 240 favorite, you “lay the wood” with the Red Sox.)

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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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