Category Archives: Sports

Sports Betting What Are Juice Lines?

Sports Betting Juice Lines

We have talked about reading American and Decimal Lines, how to make conversions between the two systems, but the final thing to look at in this section will be how to figure out no-juice lines, also known as “no-vig” lines in reference to vigorish, the proper name for juice.

As we have said above, the juice is how sportsbooks ensure that they will profit from sports betting, which means that implied win rates are imperfect as long as juice is factored in. To figure out the no-juice lines, you will first have to follow the steps above to find the implied win rates. So, using our examples of 45.5% for the underdog and 56.5% for the favored team, let’s look at how to get the no-juice lines.

Naturally, we’ll again start with the American lines. If you are calculating the no-juice line for the underdog, you will start by dividing the underdog’s implied win rate by the sum of both win rates. In other words, .455 / (.455 + .565) = .446, meaning that the implied win rate without juice is about 44.6% for the underdog.

To get the actual no-juice line, you multiply this number by 100, subtract their sum from 100, and divide the whole thing by the no-juice percentage. In other words, (100 – [100 x .446]) / .446 = 124.2, meaning that the approximate money line for the underdog without juice is about +124

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Now, let’s look at the favored team, since this is where juice plays the bigger role. Again, you will be adding the implied win rates, this time dividing them into the win rate for the favored team. This gives you .565 / (.565 + .455) = .5539, meaning that the approximate no-juice win rate is around 55.4% for the Marlins in our example. Then, figure out the revised money line by subtracting this number from 1, and then dividing that into the result of the no-juice percentage multiplied by 100. This gives you (-100 x .554) / (1 – .554) = -124.2, which means the money line for the favored team without juice is about -124.

If you want to do this with decimal lines, you follow the same first step for each to find no-juice percentages. We have already given you these for our example numbers, at values of 44.6% for the underdog and 55.4% for the favored team. Then, to find the actual no-juice decimal line, you divide either of these percentages into 1, giving you 1 / .446 = 2.24 for the underdog’s decimal line and 1 / .554 = 1.805, or about 1.81 for the favored team’s decimal line.

As you can see, the decimal lines are still pretty different, but the American lines are almost identical without juice. This underscores the fact that sportsbooks tend to ensure their income through the money they charge on the juice for bets on favored teams.

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Sports Betting Converting Lines

Sports Betting Converting Lines

We have covered some of the basics, including a first chapter about reading lines, the difference in reading American and Decimal lines. But if what you need is convert the lines from American to decimal or vice versa, the formula is quite simple. To know the ratio on the dollar rather than in terms of $100 bets you’ll need to convert American lines into Decimal lines.

If you’re looking at the underdog, you take the positive line and divide it by 100, then add 1. This means that +120 for the Rangers translates to 120 / 100 + 1 = 2.2 for the decimal line.

If you are looking at a favorite, the equation is slightly similar but you reverse the position of the line. So rather than dividing 100 into the line, you divide the negative line into 100. Our example of -130 for the Marlins therefore translates into 100 / 130 + 1 = 1.77 for the decimal line. It actually comes out to 1.769, but we have rounded up for our example.

You can also convert lines in the other direction. To convert the 2.2 decimal line to the American line system, you would subtract 1 and then multiple the number by 100. So (2.2 – 1) x 100 = +120 for the American line. Note that you will know when you are doing the conversion for an underdog, because it will always be greater than 2.

When numbers are less than 2, you know that they are for favored teams. In these cases, you want to subtract one from the decimal line and divide the number into -100. This means that (-100) / (1.769 – 1) = -130 for the American line on the Marlins. Note that this is not actually the exact outcome of the equation, but it can be hard to get precise numbers when converting favored teams. You will usually have to approximate.

Having explained the difference and the conversion system, let’s look at implied win rates. An implied win rate is a percentage that gives you an idea of just how much the sportsbook has favored one team over the other. Before going over how to figure these out, we should warn you that the percentages for underdogs and favored teams will amount to more than 100%. This is the result of the juice that we mentioned earlier, which ensures that the sportsbooks will make a profit.

So, let’s start with implied win rates for American lines. If you’re looking at an underdog, you add the line to 100, and then divide the resulting number into 100. So the implied win rate for our example line of +120 is 100 / (120 + 100) = .4545, or about 45.5%. For favored teams, forget that the line is negative. Treat it as a positive number, add it to 100, and divide that number into the value for the line. Our example line of -130 then gives you the equation 130 / (130 + 100) = .5652, or about 56.5%.

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Sports Betting – What Are If Bets?

What are If bets

We’ve talked about the different types of bets, covering most of them, now it’s the time to talk about this one in particular. If Bets are a great tool to use if your playing with a small bankroll and want to get down on multiple games without tying up your money into a parlay bet.

We could describe it as a chain of straight wagers linked together by the condition that the first selection must win, tie or cancel to move onto the next one. It can best be defined as a bet allowing you to place multiple bets that are dependent on the outcome of the preceding bet. The bets do not have to occur in the same order as the game times.

If the first pick complies with the condition, then the second selection will have action; if the second selection complies with the condition, then the third pick will have action and so on.

This is a great bet option that you can use to your advantage if your playing with a limited bankroll and want to play more than one game that is going off during the same time period.

All “If win, push or cancel” bet selections must be chosen at the same time of the first straight bet selection.

On “If win, push or cancel” bets, the risk amount on the next selection cannot exceed the risked amount of the previous one.

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As many things in Sports Betting, it may seem a little confusing at first, but it really is not, let’s look at an example:

Let’s say you select the following “If bet”:

1st Pick: COLTS -6  $110/100

2nd Pick: TEXANS +2 $55/50

The initial risk amount will be of $110. If the first wager loses, the entire wager stops there (- $110). If the first wager wins, the wager continues onto the second. If both wagers win, then you get paid the sum of both wagers (+ $150). If the second selection loses, the player is paid the difference between the first winning wager and the second losing wager (+$100 -$55 = + $45)

On “If win only” bets, all selections must win for the next selection to have action. If one of the selections pushes or cancels, the chain stops there and does not move forward onto the next pick.

All “If win only” bet selections must be chosen at the same time of the first straight bet selection.

On “If win only” bets, the risk amount on the next selection cannot exceed the risked amount of the previous one plus its winnings.

Reverse wagers are always “double action” If bets.

Example:

An Action reverse for $100 with the following picks:

BILLS +3 for $110/100

COLTS -4½ for $110/100

Would split on two If bets (win, push or cancel):

Part A

BILLS +3 $110 to win $100

If (win, push or cancel) then continues onto:

COLTS -4½ $110 to win $100

Part B

COLTS -4½ $110 to win $100

If (win, push or cancel) then continues onto:

BILLS +3 $110 to win $100

Possible Outcomes:

+ $400 = If both teams win

+ $200 = One push, one win

– $120 = One win, one loss

– $220 = Both teams lose

– $220 = One push, one loss

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Olympic Athletic Odds

Olympic Athletic odds

Many fans of the Olympic Games consider that the games don’t really start until the athletics section is on, this is particularly true in Rio 2016 as it is the last Olympics for sprinter Usain Bolt and his American foil, Justin Gatlin. Bolt is going for the ‘triple triple,’ trying to win gold medals in the 100 meters, 200 meters and 4×100 relay for the third consecutive games.

However, Jamaica’s national hero has not exactly been blowing away the competition in the past few months, having missed his nation’s Olympic Trials due to a hamstring injury. Bolt also had a relatively pedestrian 19.89-second 200 when he qualified at the longer distance. Of course, Bolt has only one career loss in major international meets, which came when he was disqualified for a false start.

The 100 final will be on Sunday night, and the qualifying begins Saturday. Bolt is the favorite averaging -200, with Gatlin the only counterpart with low odds at +165. Bolt’s compatriot, Yohan Blake, is listed at +1100. Canada’s 21-year-old Andre DeGrasse is listed at +2200, but it’s more likely his peak will come in four years at the 2020 Tokyo Olympics.

Bolt is listed at -300 in the 200 meters, which will unfold from Tuesday through Thursday. Bolt has vowed to lower the world record of 19.19, but American LaShawn Merritt at +750 has been recording impressive results all season. Gatlin is a nominal second favorite at +325.

The 4×100 heats take place next Thursday, the same day as the 200 final, with the final next Friday. Two-time defending champion Jamaica is the chalk pick at -200 at the sportsbooks. The Americans, who were stripped of their 2012 Olympic silver due to Tyson Gay’s positive drug test, are listed at +185.

Relay success often demands a country have a deep bench, so to speak, of five sprinters, and there probably isn’t anyone to rival the United States and Jamaica. After those two, the board spreads out to Great Britain at +2200.

Bolt isn’t the heaviest favorite on the Rio Olympics odds board for athletics, however. Poland’s Pawel Fajdek and Anita Wlodarczyk (men’s and women’s hammer throw) and South Africa’s Caster Semenya (women’s 800) are all -2000 favorites for their events.

Also on Day 7, Track and field gets underway with the world’s fastest women on the track in round one races of the 100m. Carmelo Anthony and Co. are back on the court against Serbia, while the first round of win-or-go-home games get started in beach volleyball and soccer.

Later in swimming, Michael Phelps hopes to swim for his fourth-straight Olympic gold medal in the 100m butterfly, and expect 19-year-old Katie Ledecky to be in the pool for the 800m freestyle final, an event in which she currently holds the world record.

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Sports Betting – Reading the Lines

Sports Betting Reading

As we get deeper into this series of basics about sports betting, we’re getting closer to the action, to be a bettor the first thing you will need to know is how to read the lines. The most important lines are determined by the sport upon which you are betting. In baseball and hockey, most sports betting is done by the money lines. In basketball and football, most bets is usually done by the point spreads. There are also numbers known as the over/under, which more casual bettors will generally refer to as totals.

There are two ways in which you’ll usually see money lines written. Most commonly you’ll come across the American system, but there’s also a decimal system that you may run into at times. We’ll cover both, along with how to convert them so that you never have to worry about the differences between the two systems. We will also tell you how to figure out implied win rates and lines no-juice lines.

We’ll start with American lines, which can be confusing to those who are new to sports betting. Lines written in this fashion may seem counterintuitive to many beginners, largely because positive numbers actually indicate which team is expected to lose, whereas negative numbers signify that the team in question is favored by the sportsbook. So if the Texas Rangers are given a money line of +120 in a game that has the Miami Marlins listed at -130, then the Marlins are favored while the Rangers are considered to be an underdog.

Now that we’ve covered what the plus and minus signs represent, let’s move on. what the numbers mean. Think of everything in terms of $100. If you’re betting on the Marlins in the example above, you’d have to put up $130 to win an extra $100. However, if you’re betting on the underdog, you’d have to lay down $100 to potentially make an extra $120. The 100 determines the ratios. So if you bet $40 on the Rangers, you could potentially make back $48.

Either way, you’d be making less in winnings than you would risk if you bet on the Marlins, because it doesn’t benefit the sportsbooks to offer more returns on teams they expect to lose. The extra money you have to put down to bet on a favored team is referred to as the “juice,” the amount of money the sportsbook makes on each pair of bets if equal numbers of bettors bet on each side of the line.

That’s American lines, let’s take a brief look at decimal lines. Let’s continue using the above example, but let’s change their respective odds to 2.2 and 1.77, with the former still representing the underdog and the latter still representing the favored team. While they’re not as common, they make things pretty easy to understand.

Basically, what you’re looking at is an approximation of how much you will return if you bet $1, meaning that you will get a total of $2.20 back if you place a winning bet on the Rangers. This accounts for both the dollar you put down, and the $1.20 you receive in winnings. If you multiply these numbers by 100, you’ll see that this is in line with the numbers we gave for the American lines. And if you subtract one from the decimal line, you’ll get the number you’ll receive in winnings alone. Reading decimal lines can actually be faster than reading American lines once you understand the numbers.

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Why Do You Want to Bet on Sports?

Why Do You Want To BET ON SPORTSWe talked about the basics of sports betting and the importance of determining whether or not it is something to which you’d like to dedicate your time, once you’ve taken the time to decide you still have to do some thinking about why you have decided to take up the hobby of sports betting.

You may know that there are some professional sports bettors out there, people who make a great deal of their income from this hobby alone. It is just as important to be clear about your expectation. Are you hoping to be one of them? Or are you just in it for the excitement?

The answer to this question will likely determine how you go about betting in the first place. If you just want a bit of extra money and don’t care about the experience, then you are at the right place, sign up now at: http://wagerweb.ag/ follow our picks, and not give it another thought.

Heck, you might not even watch the games you’ve wagered on, and just wait to look up the scores and see if you made any money. You have the option of putting forth very little effort. Of course, this isn’t the most exciting way to go about it by any means whatsoever.

If you’re in it because you want to engage yourself in a fun and exciting new hobby, then you’re going to bet much differently. You might enjoy doing research on each team, to the extent that you bet on some games without looking to see which picks we’ve offered. You might occasionally bet more of your bankroll then we’ve suggested (if you have the money to do so, of course). And if you choose to watch the games, you’re likely to be holding your breath every second, utterly enthralled by every movement of the players as they bring you either nearer to or further from victory.

There are pros and cons to each of the types of bettors we’ve described above. Those who are in it for the excitement will sometimes lose more than they can afford, whereas those who do not engage themselves in the process will make a bit of money but will not necessarily enjoy it. If you can, it doesn’t hurt to aim somewhere in the middle. You want to be engaged, but don’t allow yourself to mismanage your bankroll. Do your research, (more to come on this) and if you’re signed up for our services then by all means use them. Don’t let a fun hobby go to waste because you were either too excited to get involved or too impartial to really benefit from the joy of winning.

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Is Online Sports Betting Safe?

Is Online Sports Betting Safe

One of the most commonly asked questions with regards to sports betting is a branch off of the issue of legality. This question though takes it a step further and moves past the complex legal issues, and right into the point to whether or not betting on sports online is safe.

The general answer is that yes, betting sports online can be very safe, providing that you bet with a credible and trusted legal online sports book. The simple fact of the matter is that sensitive information is transferred between the bettor and the online sportsbooks when an account is created and funded. This includes personal information, as well as financial information, whether it may be a bank account or your credit card number.

And with the transfer of personal and financial information, the most important factor you want to make sure of is the safety of this information. Even more than that though, you want to be assured that the sportsbook itself is safe and has a reputation of accepting and paying out betting lines.

How to choose the right sportsbook

The good news is that there are many sites dedicated to online sports betting and sportsbooks, and if you came across this site that is a good sign, sign up now at: http://wagerweb.ag/ But you can also do some research and read what the community has to say about the subject.

The depositing and withdrawal situation should probably have some relevance among your criteria for choosing. Some online sportsbooks have fast withdrawals, but with high transaction fees attached, while others may take a couple of weeks to process your withdrawal request. Some people may wonder, why would you sign up with a sportsbook when it would take so long to get your withdrawal. The answer is rather simple. Most bettors will wager on an entire season of certain sport, let’s say the football season, and have no need to withdraw money the minute they win. This subject is strictly related to security, for which a simple advise is this, just think, if a sportsbook gained a reputation of security breaches, or other complications as far as dealing with financials, they would quickly be dubbed as an untrustworthy sportsbook. Those who review and critique sportsbooks would make that publicly known. Not only that, those bettors who have played at a sportsbook would probably be the first to whistle-blow. So there are definitely a variety of ways in which information like that would get out.

Should I Feel Safe Betting Sports Online?

If you have done your research on where to bet, then you should feel completely safe about wagering sports online. Any serious sportsbook will have a thorough section with important topics such as banking rules, and the Privacy policy

Another thing that sportsbooks offer is customer service. This is another opportunity for any questions or apprehensions that you may have to be answered. There should be several ways to contact a customer service representative, including by way of the phone, email, or even a live chat section right on site.

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Sports Betting for Beginners

Sports Betting for Beginners

As much as you write about sports betting it is hard to cover everything a beginner would need to know, at the same time we don’t want to distance the more experienced clients by having to go through the basics. With this series of articles we will try to cover as much as we can in a fragmented way so that we can feed you without throttling anyone.

This will combine some information that has been covered previously, such as tips about finding a decent sportsbook or about how to manage your money efficiently, while also providing some new information that will almost definitely prove useful to you as you get your start.

When you choose your sportsbook wisely it isn’t hard to make a profit through sports betting. But you will still want to know the following basics if you don’t want to get lost in a sea of numbers and tricky decisions.

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Perhaps the most fundamental question anyone should ask is: Is sports betting right for me?

If you are new to this site you might feel tempted in by the promise of winning, while your more practical side is screaming at you that the threat of losing is simply too great to risk it. And that’s why you’re going to have to do some soul-searching before you even bother with the rest of this article.

Now, there are some circumstances under which we absolutely would not suggest for you to engage in the practice of sports betting. For instance, if you don’t have much money and are thinking that sports betting will act as some sort of “get rich quick” scheme, then you might want to turn the other way. You can make a lot of money on sports betting, but no one wins every time. You also wind up with a lot of your money stuck in venture if you’re betting through online sportsbooks, so even those who get rich may not always do so quickly.

More importantly, however, is whether or not you are the type of person who is likely to develop a gambling addiction. While it is often our opinion that sports betting is different from other types of gambling, those with particularly addictive personalities may still be likely to spend too much and hurt their financial lives in the process. If you have a family or are considering on having one, then this risk is especially worrisome. So whether or not you have a decent bankroll, stop and think about whether or not you are the type of person who is able to bet responsibly.

Now, let’s say that you have a fair bit of money and you are not too worried about becoming an addict. You might think that you’re in the clear, but if so then you’re forgetting that sports betting is not legal in all states. And in some places where it is legal, there are certain rules regarding what you can and cannot place bets on. Now, since many sportsbooks are online and not situated in one physical location, these rules might be bendable for some.

Ultimately it’s up to you whether or not you’re the type of person who can feel comfortable without their endorsement of your activities. So take the first step into your journey sign up now at: http://wagerweb.ag/

Olympic Games Betting

Olympic Games Betting

The Olympics are back. For the sports enthusiast, it means a whole month of having an excuse to veg out on the sofa watching world-class athletes take their performances to the limits of human endurance. For the sports betting enthusiast, it means a whole host of sports you don’t usually get to watch, that you have the chance to win money by betting on.

Much like in poker, it is unwise to place a sports bet without all of the information at your disposal. Here are some recommendations to win at some of the popular sports during the Games.

Track & Field

The most-followed part of every Olympics, and the part most people remember afterwards, is the track and field competitions. It’s the closest we get to the Ancient Olympic Games that took place in Greece, and this time the races and events are filled with value.

Of course most people expect Usain Bolt to win the Men’s 100m, and it’s probably not controversial to say that most people want him to beat Justin Gatlin to the gold medal, but have you considered other runners in the iconic race?

Over on the Men’s Long Jump, London 2012 home hero Greg Rutherford has the bookies marking him as favorite to make it two Olympic titles in the sandbox.

Cycling

Last time out, in London, British cycling was expected to take everyone else to the cleaners. It happened – kind of – but the disappointment for Mark Cavendish was raw as his illustrious sprint team was crushed by Alexander Vinoukourov, who took gold for Kazakhstan.

This time around, Britain has dominated three Tours de France in the years between Olympics, and Chris Froome, the three-time yellow jersey-holder, is among the favorites for Olympic gold. Froome won’t win without a tough challenge, though. 2012 hero Sir Bradley Wiggins is in a squad for the Men’s Team Pursuit that is favorite, but only just, and is up against Australia, which has a fine squad and is In the Women’s Road Race, there’s little to choose between Anna van der Breggen and Lizzie Armitstead, and it’ll be a chase that will probably go to the wire.

Tennis

The Olympics isn’t counted as a Grand Slam tournament and isn’t usually regarded as highly by its competitors as the ATP Tour matches that earn pros their bread and butter. Nonetheless, tennis is always one of the most popular sports among viewers and sports bettors, and Men’s stars likeNovak Djokovic and Andy Murray will be in action, along with main favorite Serena

Williams in the Women’s tournament.

Garbine Muguruza has big value against Williams and the others, given that she has emerged as the great Serena’s biggest challenger. On the Men’s side, it’s a real shame Milos Raonic will not be taking part after his Wimbledon final appearance – ditto the greatest of all time, Roger Federer – but Kei Nishikori has odds to win the Singles that stand out.

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Odds and Betting Lines for Dummies

Odds and Betting Lines

Over the past few weeks, we’ve posted quite a few articles on sports betting. We posted three guides to cover the basics on betting baseball, basketball and football, but these didn’t nearly cover everything a beginner would need to know.

So everyone at the office talks about sports odds, then you see all this coded information in the sports section every week, you would like to put a few dollars on tonight’s game and play along, but what does it all really mean?

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First of all, do not worry, you are not the only one that’s been left out but most importantly, that is about to change, you have taken the first step into learning. Here’s a simple explanation of the mysteries of sports betting. After all, why would you waste money on a game that you don’t fully understand? You shouldn’t! So, let’s get to it.

Sports Betting Odds

Okay, so you have made your selection…now what. How much do I bet, and how much will I win? Common questions, and great questions for new sports bettors to ask! There are three ways that you will typically see odds displayed, as a fraction 2/1 (or 2 to 1), as a decimal 2.00, or “American Style Betting Odds” +100.

For reading the fraction odds, it is strongly recommend to convert them to a decimal. This will make figuring out your potential win much easier! To do this, just like in 2nd grade, you take the first number and divide it by the second. So if your odds read 7/4, you simply divide (7) by (4), which equals 1.75. That is the decimal form odds, now you simply multiply (1.75) by whatever your wager amount is to figure out your potential profit. In this case, if you were to risk $100, then your potential win would be $175 profit if you are correct! In addition, you will receive your initial bet amount of $100 as well, for a total of $275 in your hand.

Now for American Style Sports Odds. Typically, when you are betting on the point spread, the odds are displayed or implied to be (-110). That is how it reads in American Style (-110). This format of odds is based on $100. When the number, as in this case, is displayed as a negative number (-110), then that is how much money you must risk in order to win a profit of $100. In this scenario, you must wager $110 to win $100 profit. If you do, you will receive $210 when you cash in…the winning amount plus your initial wager amount.

When you see the number displayed as a positive number such as (+150). Positive numbers indicate how much money you will profit if you risk $100. So, if you wager $100 on a team that pays (+150)…and you win, you will receive $250 when you cash out. That is the $150 that you won, plus your $100 original stake returned. So now you should be able to enjoy season games twice as much, sign up now at: http://wagerweb.ag/