All posts by phnseo

Teaser Betting

online gamblingA teaser is a parlay bet that uses modified point spreads. In football, the most common modification is six points. So let’s say 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. At most online betting sites, a winning three teamer pays 1.8 to 1.

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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.

5Dimes.eu is worth mentioning as well, as they have industry leading odds with 2 team six point teasers at +100. The catch however is 5Dimes often shades lines in such a way that it is hard to find good value teasing. What I mean by this is that if every site has Jets -8.5 / Redskins +8.5, 5Dimes might have the line listed as Jets -9.5 +105 / Redskins +9.5 -125. The pricing +105, -125 etc. has no relevance to teasers, because you can tease either side six points and get the same payout as when both sides are -110. The reason 5Dimes lists the line this way is teasing +8.5 to +15.5, doesn’t have as much value as teasing -8.5 to -2.5 for reasons we’ll cover later in this article. When you get deeper into advanced teaser strategy, 5Dimes is a great out to have; but as a beginner, just know that +100 on two team six point teasers can be deceiving.

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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. For example, a three team teaser with the results: push/win/win is paid as a two team teaser. In the case where there are no losses, but only a single win, bets are refunded (example: 2 Teamer with push/win = no action and bets are refunded).

An Intro to Advanced Teaser Strategy

As we mentioned, 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. If this is at all confusing, don’t worry, it should make sense momentarily.

Let’s start with 2 team 6 point (-110) teasers. As you might already know, 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. In order to do any sort of statistical analysis of teasers, 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. To run through one more example, we’ll look at a three team teaser at +180. A bet at these odds is $100 to win $180, so a winning bet returns $280 (our $100 stake plus $180 win). Using the break even formula of risk divided by return, we get 100/280=0.35714. This teaser has three teams, so we need to know which number times itself three times equals 0.35714. Here we use a cube root calculator to determine that the answer is 0.7095 x 0.7095 x 0.7095. So in a three team six point teaser, each leg must win 70.95% of the time to break even. We plug that into a moneyline converter and get -244.

We’ve now deciphered that a three team six point teaser at +180 is a three team parlay at -244 per team. The bookmaker sold us six points and charged us 134 cents (from the standard -110) for those points.

After running this math on several options, I get the following odds for how often individual legs must win for the given teaser to break even:

2 team -110 = 72.37% / 2 team +100 = 70.71% / 2 team -105 = 71.57%
3 team +180 = 70.95%
4 Team +300 = 70.71%
5 team +450 71.11% / 5 team +500=69.88%
6 team +600 = 72.30% / 6 team +700 = 70.71%

The four to six team options have a higher variance, and it’s not often we’ll find that many teams in a given week worth teasing. So, in comparing the other options, you can see that 3 teamers at +180 offers us the best value, unless we can find a site offering 2 teamers at +100.

The Golden Key to Teaser Betting

We now know that when betting three team teasers at +180, we need each team to win 70.95% of the time. To determine if it was better to bet straight against the spread or in a teaser, let’s compare. If we bet straight at a reduced juice sportsbook such at 5dimes, we’d pay -105. To calculate our required break even rate at -105, we use the risk divided by return formula again. A $105 bet returns $205 (our $105 stake plus $100 win), so the math is 105/205=0.5122, which is 51.22%. The difference between the 70.95% break even rate in a teaser and the 51.22% betting straight with reduced juice is 19.73%.

Now, if you’re a savvy bettor familiar with teasers, a light bulb might have just turned on in your head. If not, don’t worry, you’re likely overwhelmed and need more time to adjust. To determine if a teaser is a better option than a straight bet, we need to know if those six additional points increases the win probability by 19.73% or not.

The truth of the matter is that most teasers are sucker bets, because very few times will six points increase your win probability by 19.73%. To do this, you need to cross key numbers. In the NFL, the most common margins of victory in order are 3, 7, 10, 6, 14, 4, 1, 17, 13 and 2. This is why basic strategy teasers have historically been +EV.

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Sports Betting Math

Sports Betting Most people who want to place bets on sports are fans to begin with. It isn’t unheard of for a gambler to place some sports bets, especially during big games like the Super Bowl or the NCAA basketball Final Four, but for the most part, sports bettors are sports fans looking to use their knowledge of a game or of a game’s players to earn a little extra cash. Being a fan of a particular sport, a team, a college or professional squad—these are all precursors to placing sports bet. Sports betting is also a way for a fan to get in on the action of the game, with something more than self-respect at stake.

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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. For many games, like penny slots or poorly placed roulette bets, are so bad that smart bettors earn their advantage by avoiding them altogether. In sports betting, the math is more complicated. 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.

So how difficult is sports betting math? The math behind placing a winning bet is fairly complicated, but the way to stay ahead of the bookmaker is rather straightforward. If you collect on 52.4% of your bets, you’ll break even. We’ll have more details on that number later, including why it takes more than 50% wins to break even, but first some general knowledge about sports gambling and the numbers behind it.

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Sports Betting Basics

The easiest way to demonstrate the math behind a sports bet is to make up an example. Let’s say you and your buddy walk into a casino, each with $200 burning a hole in your pocket. There’s a big game on tonight, the Cowboys and the Redskins, so you wander into the sportsbook to check up on the latest news about the game. While you’re sitting there, you see the wagering board, with some 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.

More on Placing Sports Bets

Look at that over/under number, in this case 38. If you or your buddy thinks this is going to be a particularly high or low scoring game, based on your knowledge of the team’s offenses and defenses, or information about a hurt player or bad playing conditions, you can place a wager on the total of points scored.

So how is a guy supposed to 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 he needs to write the ticket without having to bend over backwards to process your bet.

Sports Betting Odds

Remember at the beginning when we talked about the magic number necessary to guarantee a break-even week in sports betting? If you read enough about sports betting, you’ll hear this number repeated often: 52.4%. If a bettor can win 52.4% of his bets, he’ll break even. Where does that number come from?

When betting the spread, you get odds of -110. Sometimes, sportsbooks will offer a -105 line as a promotion or to welcome new business. But for the most part, if you’re betting the spread, you’re getting -110.

We draw that 52.4% break even number right out of the odds. -110 is equivalent to 11/10. That means if you bet 21 games, you’d have to win eleven of them and lose ten of them to break completely even. Even at -105, you’d still have to win an astounding 51.2% of the time just to break even.

If you don’t trust the basic math behind this break-even principle, look at another real-world example. Let’s say you get really into sports betting after your Cowboys cream the Redskins and you go home with a nice fat wallet. You then bet on the next 10 Cowboys games, winning six times and losing four times. That 60% betting record (with the odds of -110 that is traditional for against the spread bets in football) will leave you with a profit of $160. Think about it—your $600 profit from your 6 winning bets minus the $440 you lost on losing bets leaves $160. It took you $1,100 to win $160, meaning you have to bet $6.87 to win $1 on average. So you see the small differences between a 52.4% winning rate and a 60% winning rate—inside those 7.3 percentage points lies hundreds of dollars in profit.

Now imagine instead that you lost one of those six winning bets, leaving you with a 50% betting record. You spent a total of $1,100, won $500, and lost $550. That means overall your 50% record drained your wallet by $50. That’s where the vigorish will get you. Not even winning half the time is good enough to break even in sports betting.

Professional Sports Bettors

Believe it or not, some people really do bet on sports for a living. Maybe they work part time at a sportsbook or in some other marginal job in the casino industry, but there is a group of gamblers who bet on sports for their life’s work. With all the math swirling around in our heads after the last bit of the article, it’s hard to imagine anyone wanting to do this for a living.

If you know that a 52.4% record will mean you break even, the simplest way to turn sports betting into a career is to bet enough so that a 53% winning record will bring in the kind of money you want to make.

Another example. After your successful Cowboys experiment, you decide to invest $10,000 in sports gambling over the first four months of the following football season. That $10,000 is set aside to win or lose in sportsbooks.

You plan on betting on 160 games during your investment period. You dream of a 55% winning record because your win-loss with a 55% winning record would give you an 88-72 record. That’s an expected profit of +8.8 units. How did we get to that number? To calculate your units, subtract the total of your losses (multiplied by 1.1 to include the vig) from your wins and you’ll get your unit profit.

Placing $460 bets on each of these games, a number pulled from some quick and dirty math about how much you could afford to bet in a single week’s NFL play without blowing your bankroll, would result in a $4,048 profit if you maintain that 55% winning record. Turning $10,000 into $14,048 in just four months is an investment return of 40.48%. I dare you to ask your bank for that kind of return on your savings account.

But that’s all assuming you can pick the winner 55% of the time. Do your research, look into the records of professional sports gamblers. 55%, while not impossible, would place you among the elite sports bettors in the country, if not the world.

Professional sports bettors have to worry about variance more than any other type of gambler. Working against the forces of variance means managing your bankroll over the course of the season to avoid the negative possibilities that could totally empty your wagering account. Professional sports bettors have the time and resources necessary to calculate these variances, and there are even a few pieces of software out there that can help you figure out your ideal bet in the face of negative variance. But the bottom line is that professional sports bettors would dream of having a 55% winning record, simply because it guarantees you’re beating the house.

Pro bettors make their money on bets that sportsbooks offer that give them even the slightest betting advantage. The key to becoming a profitable sports bettor is being able to find advantages, opportunities where the line a book is offering is vulnerable.

This is why many long-term sports bettors are math freaks. Good sports bettors understand statistics, particularly what are called inferential statistics, though any higher math will help when it comes time to place a bet.

Here is what a professional baseball bettor might do in his head. After looking over statistics from MLB (kept religiously by all sorts of bloggers, data archives, and magazines) between the years 2000-2010, he notices a particular statistic pop out. For example: when the home team starts a left-handed pitcher the day after a loss, that team wins 59% of the time. Good sports bettors can do this sort of math in their head or very quickly on paper. From that bit of information comes a new betting theory—look for game situations that mirror the above example and bet on them. That means he’ll only bet games where the home team starts a left-handed pitcher the day after a loss. Does he just jump in and start betting based on this back of the napkin math? No way. More statistical analysis is required—he may find that this was a fluke for that particular decade and isn’t a trustworthy statistics, or he may find an even more advantageous bet based on his original theory.

Pro sports bettors also keep near-obsessive records of their bets. Obviously, no edge in sports betting lasts longer than a single game. Taking proper records will also help you test theories, like the above one about left-handed pitchers and losses. Without taking good records, no sports bettor’s bankroll will last very long.

What Is a Good Record for Sports Bettors

So, at the end of the day, what could you call a “good” record for a sports bettor? Most casual gamblers looking into sports betting see a pro advertising his 1100-900 record and shake their head a little. How could such an abysmal record be something to be proud of? That’s a 55% winning percentage, and it indicates to those in the know that this bettor is actually turning a profit placing bets on sports.

A good record for a sports bettor is any record equal to or larger than 52.4%, because that number or anything higher means you’re not losing money. A 53% winning record, while not impressive on paper, means you’re actually beating the sportsbook and putting money back in your pocket. Ask your friends that play the slots or play online poker how often they end up putting money back in their pocket.

A -110 wager, standard for spread bets in the NFL, gives the house a built-in advantage of 10%. It means that even if you do win, and you line up to collect your $100, some sucker behind you just spent $10 to hand the casino $100.

A good record for sports bettors is any record that ensures they at least break-even. If you bet 16 games this NFL season and you won 9 and lost 7, you probably made money. And taking money away from a casino is always something to be proud of.

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Types of Sports Betting

Sports BettingWhen most people think of sports betting they tend to think of it in its traditional form. That is, simply placing straightforward wagers on the outcome of sporting events. Even though the internet has changed things dramatically, online sports betting is still largely about making traditional wagers. However, there are a few other ways of betting on sports too.

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In Play Betting

Most sports betting sites offer in play betting these days, and it’s one of the most popular ways to bet on sporting events. Although, relatively speaking, it is something of a new development, in a few years it has had a huge impact on the way people place wagers. It’s also incredibly straightforward. Basically, it’s all about placing wagers while a sporting event is taking place rather than before it starts.

It’s also known as live betting and it opens up a whole new range of betting opportunities. There are all kinds of different wagers you can place such as which player or which team will score next. One of the biggest reasons it’s so popular is that it allows you to get a feel for how an event is turning out before deciding where to put your money.

Exchange Betting

Exchange betting is another relatively new development in the world of sports betting. It has proved to be incredibly popular though and many people now choose to place their wagers in this way. The wagers you can place are essentially the same as in traditional sports betting but there is one fundamental difference in the way it works. Instead of using the services of a bookmaker, you are betting against other people who are taking the opposite position to you.

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Fantasy Sports Betting

Playing fantasy sports is not about betting directly on the outcome of sporting events at all. It’s still about trying to make money out of your sporting knowledge. The basic concept is that you create a fantasy team by picking your chosen players and then put that team up against teams created by other players. The betting aspect is that you stake money on how your team will perform against your opponents.

You can play on a number of sports and there are various ways in which you can wager money. Playing fantasy sports has become very popular and it’s a great way to combine having a bit of fun and also trying to win some money.

Spread Betting

There are actually two types of spread betting. One is betting on the point spread, which is a very common way of betting on sports – particularly in America.

The other form of spread betting is not quite as straightforward, or as common. It can be very profitable but there is also a lot of risk involved too. This is because the amount of money won or lost is not a fixed stake, but varies depending on how accurate a wager is.

In some ways it’s similar to totals betting, in that you predict whether a specific value (for example the number of goals scored in a soccer match) will be higher or lower than the amount set by a bookmaker. However, wagers are settled based on how much higher or lower the value is. To understand exactly how this works, please read our dedicated page on the subject.

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Online Gambling Tips for Beginners

online gamblingOne of the many reasons why online gambling is so popular is that it’s incredibly easy to get started. You don’t even need to know that much about gambling really, because you can pick most of it up as you go along. With that being said, there are a few things that you probably should know if you want to have the best possible experience.

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These tips will give you all the basic advice that you need. If you have never tried gambling online, then please do take the time to read through these.

Choose the right gambling site

Most forms of gambling are all about making the right decisions. If you are going to try online gambling, then one of the most important decisions you need to make is which gambling site you are going to use. There are hundreds to choose from, and it’s not that easy to work out which one is best for you. We can help you though, as we provide recommendations for the leading sites in a number of different categories. WagerWeb is the best online gambling site.

Check out the deposit options

There are a number of different ways that you can deposit at gambling sites, but not every site offers all of them. If you have a particular preference, then it’s a good idea to check out what options are available before deciding which site to join. Some places will charge fees for using certain deposit methods, so it’s worth looking into that as well.

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Take advantage of bonuses and rewards

As we’ve just mentioned, by joining a number of sites you can claim all the sign up bonuses they offer. Pretty much every gambling site offers new customers a sign up bonus as an incentive for joining, and these can be a great way to gain some extra value to increase your bankroll. Many sites also give generous bonuses and rewards to existing customers.

Try different types of gambling

There are several different types of gambling that you can do online. The most popular are casino games, sports betting, and poker, but there are others also. You can play bingo for example, or bet on reality TV shows. One of the great things about gambling online is that all of these different activities are easily accessible, and there are even many sites where you can try them all in one place. It’s worth trying out the different types of gambling to see which ones you enjoy the most.

Always know the rules

Regardless of what form of gambling you’re doing, it’s important that you fully understand the rules. This is particularly true if you’re playing poker or casino games. Sports betting rules are usually pretty straightforward, but there are many different casino and poker games and some of the rules will vary slightly from one site to another. You should always take a few moments to familiarize yourself with the exact rules to avoid making any unnecessary mistakes.

Enjoy yourself

Online gambling is supposed to be fun. It’s not necessarily for everyone, but there are millions of people all over the world who really enjoy it. There’s nothing wrong with taking it seriously and really trying to make money out of your gambling, but at the same time you should remember to enjoy yourself too. Don’t get too disheartened if you’re losing money; just view at as an entertainment expense.

Gamble responsibly

If you’re going to enjoy online gambling, then it’s absolutely essential that you gamble responsibly. You’ll hopefully win money plenty of times, but there will almost certainly be occasions when you lose. For this reason you should only ever gamble with money that you can afford to lose. You should set a budget and stick to it; never try to chase your losses.

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Beginner’s Guide to Horse Racing – Part IV

Horse racingHorseracing has a rhythm, intensity and language like no other sport. We hope this guide will help you navigate through the sometimes confusing world of horseracing and become confident enough to bet and win at the races.

Don’t forget to check the Beginner’s Guide to Horse Racing – Part III. Check WagerWeb and find the best online betting site.

Thoroughbred Classifications

Broodmare – Female horses used for breeding.

Broodmare Sire – A sire whose female offspring became producers of racehorses.

Colt – A non-gelded male horse less than five years of age.

Dam – The mother of a horse.

Filly – A female horse less than five years of age.

Foal – A baby horse. A horse is a foal from the time it is born until January 1 of the next calendar year.

Gelding – A castrated male horse.

Horse – A non-gelded male horse five years of age or older.

Juvenile – a two-year old horse.

Maiden – A horse that is yet to win a race.

Mare – A female horse five years of age or older.

Sire – The father of a horse.

Stallion – Any non-gelded male horse.

Stud – A male horse used for breeding.

Yearling – A one-year old horse.

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Track Conditions

Fast – A dirt track that is dry, even, resilient and fast.

Wet Fast – A track with a firm base, but a wet surface, due to recent rain.

Good – A track condition between fast and slow. There is generally a significant amount of water in a good track.

Muddy – A racetrack that is wet to the base, but does not have standing water.

Off Track – Any track that is not fast.

Sloppy – A track that is wet on the surface, with standing water, but that has a firm base.

Slow – A slow track is wet on both the surface and base.

Miscellaneous Horse Racing Terms

Apprentice Jockey – A jockey who has ridden for less than a year and who receives weight allowances.

Beyer Speed Figure (Beyer Speed Rating) – A measure of performance popularized by horseracing author Andrew Beyer.

Blinkers – Hood worn by a horse to help maintain focus straight ahead.

Bounce – A poor performance by a horse following an exceptionally good performance.

Bug – A weight allowance given to an apprentice rider.

Bullet – The fastest workout of the day at a particular distance.

Call to Post – The bugle call used to signal the horses onto the racetrack.

Chalk – Betting favorite in the race.

Checked – The act of a horse being pulled up briefly by its jockey to avoid trouble.

Closer – A horse that does its best running in the later stage of a race.

Dead Heat – The act of two horses having a tie. Dead heats can occur for any placing in a race.

Entry – Two or more horses representing one betting interest.

Field – The horses in a race.

Fraction – The split time and distance of a race. Fractions are normally clocked in ¼ mile intervals.

Furlong – 220 yards, or 1/8 of a mile.

Hand – Four inches. A horse’s height is measured in hands and inches from the top of the shoulder to the ground.

Handicapping – The art/science of analyzing information found in the past performances for the purpose of determining the relative ability of horses in a race.

Handle – Total money wagered.

Lasix – The brand name of the drug Furosemide, which is used to prevent pulmonary bleeding.

Length – A measurement approximating the length of a horse from nose to tail, about 8 feet, used to denote distance between horses in a race.

Morning Line – A prediction of the odds for each horse set by the track handicapper prior to the opening of wagering.

Mutuel Window – The place, on track, where bettors place their wagers.

Odds On – Odds of less than even money.

Pacesetter – The horse that is running in front during a race.

Paddock – The structure or area where horses are saddled and kept prior to entering the track.

Pari-mutuel – A system of wagering where all of the money is pooled and then returned to the bettors after a deduction (takeout).

Post Position – The position in the starting gate where a horse begins the race.

Purse – Money paid to the top 5 finishers in a race.

Scratch – The removal of a horse from a race at any point prior to the start.

Silks – The jacket and cap worn by the jockey.

Simulcast – A simultaneous live television transmission of a race to other tracks, off-track betting offices, or other betting outlets.

Stalker – A horse that runs just behind the leaders.

Stewards – The officials responsible for overseeing the racing at a track, ensuring fairness, enforcing the rules of racing, and dispensing punishment for rules infractions.

Valet – An assistant who helps keep a jockeys wardrobe (silks) and equipment in order.

Weight – The impost that a horse is required to carry in a race. The assigned weight includes the jockey, equipment and supplemental weighting as required.

Winners Circle – An enclosure near the track where the winning horse and jockey go to have their picture taken with the horse’s owner and trainer.

Wire – The finish line.

Workout – An exercise run, usually conducted in the morning

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How to Bet on College Football

College FootballThe college game is a completely different animal from its NFL counterpart, providing bettors with a greater slate of games throughout the week, including 30+ matchups on Saturday alone. We will prepare by starting with the basic college football betting types, including: spread bets, moneyline, totals, parlays/teasers and halftimes.

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Spread Bets

Just like the NFL, college football’s most popular wager is the spread bet. The spread is a type of bet that equalizes the chance of winning a wager (see example below). The spread, or line, for college football is generally released days in advance of the game (these release dates will vary due to college football’s games taking place Tuesday-Saturday). An underdog team’s spread will be accompanied with a “+”, while a “-” indicates a team that is favored. The example below demonstrates an example of a spread bet:

Team Spread Final Score
Michigan +3 -115 30
Ohio State -3 -105 31

The juice for this game is -115 for the underdog. The juice can be thought of as a fee the bookmaker charges for you to place the bet. Typically, the juice for any side wager is -110, but several sportsbooks offer reduced juice. In this example, a winning bet of $115 would yield $100 profit, for a total of $215 ($115 bet + $100 profit = $215 total). Despite losing the game, Michigan covered the spread by losing by less than 3 points.

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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. The example below from the SI Archive should clarify things:

Team Moneyline Final Score
Michigan State +260 7
Alabama -375 49

As you can see, a bet of $375 on Alabama would yield a profit of $100. Generally, the Moneyline is a direct reflection of the spread. For example, the spread for this game closed at 7.5, which helps to explain the drastic ML odds. With the amount of games available on any given Saturday, a bettor may choose to parlay (see below) several big favorites, which will increase the risk AND the payout of the wager.

1st Quarter/Half Lines

Every major U.S. sport is broken down into division, whether it is quarters, halftimes, periods, or innings. Naturally, the bookmakers have made available wagers for these partitions, and for NCAA football, they are known as the 1st quarter and Halftime lines. As one might expect, the 1st quarter line is generally a quarter of the entire game’s line, while the first half line is usually about half of the entire spread. These lines are available at all reputable sportsbooks.

Halftime Lines

Halftime wagers are only available during halftime of the contest.

Team Halftime Score Halftime Spread Final Score
Duke 10 +10 28
North Carolina 21 -10 35

Halftime lines use the events of the 1st half to help determine how the rest of the game will play out. In this example, the bookmakers expect the Tar Heels to continue to dominate their rivals, however, the Blue Devils endure the 1st half deficit to help cover the halftime spread, despite losing the overall game. Halftime action can be a good way to capitalize on middle plays.

Totals

Another popular side bet for NCAA Football is the Total or Over/Under (O/U). The sportsbooks determine what they believe will be the total points scored by EACH TEAM and the bettor places a wager on the over or under of that total. The example below shows the final total for the 2011 Texas Bowl:

Team Opening O/U Closing O/U Final Score
Illinois 61.5o -105 64.5o -110 38
Baylor 61.5u -115 64.5u -110 14

Like many bowl games, the majority of bets in this contest were placed on the over, to the tune of 77%. In this instance, public money pushed the total line up three full points, while the final total landed under at 52. A wager of $115 on the opening under would earn a profit of $100 due to the increased juice originally placed on the under.

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. A teaser involves the same stipulations as a parlay, only you select a number of points to put down to decrease the risk (and reward) of a parlay. For example, if a proposed line is -7 (a popular number for football lines) and you have a 3-point teaser bet, your new line is -4. This 3-point advantage applies to each part of the teaser play. Below is a chart of the typical parlay payout structure:

# of Teams Payoff
2 2.64/1
3 6/1
4 12.28/1
5 24.35/1
6 47.41/1
7 91.42/1
8 175.44/1
9 335.85/1
10 642.08/1
11 1226.70/1
12 2342.79/1
13 4473.51/1
14 8541.25/1
15 16306.94/1

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Beginner’s Guide to Horse Racing – Part III

horse racingHorseracing has a rhythm, intensity and language like no other sport. We hope this guide will help you navigate through the sometimes confusing world of horseracing and become confident enough to bet and win at the races.

Don’t forget to check the Beginner’s Guide to Horse Racing – Part II. Check WagerWeb and find the best online betting site.

Basic Terminology

We mentioned at the beginning of this page that horse racing has its own language. This language covers all aspects of racing. Here is some the basic horse racing lingo. We also offer a very comprehensive list of both general horseracing terms and racing comments like those found in the racing form.

Wagering

Across the Board – A win, place and show bet on the same horse.

Box – An exotic bet where all possible combinations are covered for a group of two or more horses.

Exotic Wagers – Any wager other than straight win, place and show bets.

Key Horse – The primary horse used in exotic bets. Horses may be keyed to win, place, or show.

Pool – The total of all money bet on a specific wager type.

Probable Payoffs – The current exotic wager payoffs, from all possible winning horse combinations, from active betting pools.

Wheel – The selection of one horse in conjunction with betting every possible combination with that horse in an exotic wager.

Will Pays – The actual payoffs of exotic multiple race wagers (Daily Double, Pick 3, and Pick 4), shown before the final race, of all possible winning horse number combinations.

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Types of Horse Races

Allowance – A non-claiming race with special entry conditions.

Claiming – A race in which the horses are for sale at a predetermined price. Horses are claimed prior to the running of the race, but the new owner does not assume control of the horse until after the race has been run.

Derby – A stakes for three-year old horses.

Distaff – A race for female horses.

Handicap – A race, usually a stakes race, where horses are assigned weights to be carried based on the conditions of the race.

Maiden – A race for non-winners.

Marathon – A race at a distance of 1-1/4 mile or longer.

Oaks – A stakes race for three-year old fillies.

Route – A race at a distance of one mile or longer.

Sprint – A race at a distance less than one mile.

Stakes – A high-level race contested by horses of high quality.

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Major Line Moves

betting oddsA major line move is as sudden, drastic and uniform line movement across the entire sports betting marketplace.

This is often the result of a sudden overload of money placed at multiple sportsbooks and, in most cases, occurs due to betting groups, betting syndicates and a few key players with the resources to “get down heavily” at multiple locations, all at once.

Since the advent of sports betting, the holy grail in sports betting strategies has been to beat the move.

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This strategy had its ups and downs for years. Blindly following every move caused a lot of players to go broke. Wiseguys knowingly bet on the wrong side just to obtain a more favorable number when they finally “bought back” on the other side.

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Some of biggest names in sports betting (The Billy Walters’ of the world) do exactly that. By betting $50K on the home team, they’d force an overreaction in the market. Once this occurred, they’d then bet $150K on the side they wanted, usually getting a 1.5-point to 2-point move in their favor.

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Beginner’s Guide to Horse Racing – Part II

RacebookHorseracing has a rhythm, intensity and language like no other sport. We hope this guide will help you navigate through the sometimes confusing world of horseracing and become confident enough to bet and win at the races.

Don’t forget to check the Beginner’s Guide to Horse Racing – Part I. Check WagerWeb and find the best online betting site.

Straight Bets

With straight bets, you are betting on one horse to do a specific thing – Win, Place, or Show. Straight bets require a minimum risk of $2 on track, or you can bet as little as $1 through a betting outlet such as Pinnacle. Below are the types of straight bets as well as a brief description of each. Go to our betting strategy page for a more complete description of each type of bet.

Win – You win if your horse finishes 1st.

Place – You win if your horse finishes 1st or 2nd.

Show – You win if your horse finishes 1st, 2nd, or 3rd.

Exotic Wagering

Some people like to be a little more daring in their betting. Exotic bets offer a chance to turn a small amount of money into a much larger amount of money.

Exacta – You win if you select the 1st and 2nd place horses in a race in the “exact” order.

Trifecta – You win if you select the 1st, 2nd and 3rd place horses in a race in the correct order of finish.

Superfecta – You win if you select the 1st, 2nd, 3rd, and 4th place horses in a race in the correct order of finish.

Daily Double – Daily Doubles require that you pick the winner of two consecutive races before the running of the first race in the sequence of races. Daily Doubles are usually offered on the first and last two races of each racing card.

Pick 3 – You win if you select the winner of three consecutive races. The bet must be placed prior to the running of the first race in the sequence.

Pick 4 – You win if you select the winner of four consecutive races. The bets must be placed prior to the running of the first race of the Pick 4 sequence.

Head-to-Head – Some tracks offer a head-to-head (H2H) wager. The H2H wager is a race within a race. You pick one of the two designated horses in the race. If your horse finishes in front of the other horse, you win. Please note that your horse does not have to win, place, or show. It just needs to beat the other horse.

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The Tote Board

When you are at the track you will notice a large board with flashing lights located in the infield. This is the Totalisator, or Tote Board. The tote board lists the current win odds for each horse, the total dollars bet on each horse to win, place and show, and a wealth of other information. Some of the other information displayed on the tote board includes:

  • Race number
  • Minutes to post
  • Time of day
  • Post time
  • Track condition
  • Pool totals
  • Results
  • Will pays for exotic bets
  • Fractional times of the race just run

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Betting Against the Public

online betting Betting Against the Public is one of the most popular and simplest methods used . The logic is simple: always bet against the public. Whichever team the public is loading up on, simply bet the other team.

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There is a reason why sportsbooks are in business. We’ve gone to extraordinary lengths to conclusively prove that the Betting Against the Public betting strategy will produce a positive return on investment.

How can simply Betting Against the Public produce a profitable result?

The answer is based on psychology. The public loves to bet favorites and “overs”. It’s human nature to root for winners and scoring. The media, which over-hypes winning teams that score a lot of points, further inflates this human tendency. Sportsbooks understand this and shade their lines accordingly. Sportsbooks do not look to balance their books. They look to exploit sports bettors’ tendencies by shading favorites and overs.

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With the difference in long-term winning and losing measured by 1-3%, continually getting an extra 0.5 to 1.0 point every time you bet an underdog or under will increase your win percentage by 1-3%. This is a measurable fact!

Every new season we update the betting percentage data and tally our earnings from betting against the public. We also reveal the latest optimal betting percentage threshold when betting against the public. Is it 65% or maybe 70%? Every sport is different so check back at the beginning of every season for an updated report.

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