Tagged in: Sports Betting

Sports Betting – Volleyball Betting

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Volleyball is extremely competitive with serious money to be made through volleyball betting. Volleyball has been around for quite some time and over the years has become a very popular sport in some countries. Most betting action for this sport will take place during the FVIB World Championships, the Olympics and World League.

Volleyball Betting Types and Odds

Match Betting in Volleyball:

Individuals are betting on the outcome of a match. Depending on the sportsbook, this wager may use either a decimal or fractional system. The payouts will be better for the underdog.

Point Spread: With this type of wager, the winning volleyball team must beat the spread in order for the bet to pay out. The spread could be set at 45 and the team would have to beat that score for points.

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Point Totals: This is a bet on how many points, total, will be scored between the two volleyball teams. Bettors aren’t betting on the outcome of the match but instead on how many points will be scored. This is an under/over bet.

Set Handicap: This wager is on the outcome of a particular set. These are offered at terms similar to match bets and are often listed in a decimal and fractional system.

Volleyball betting competition guide

Pinnacle Sports offer volleyball betting for the most popular domestic and International competitions, including:

Olympic Volleyball Betting:

The Summer Olympics is held every four years and is the pinnacle for national volleyball teams.

FVIB World Championships Betting:

The FIVB volleyball World Championship is an international men and women’s indoor volleyball tournament in which 24 teams compete at the finals to lift the competition that occurs every four years.

World League Volleyball Betting:

The World League is an international men’s volleyball competition.  Since 1990 16 teams contest this annual tournament across five continents.

World Cup Volleyball Betting:

Both men and women compete in this international tournament, which acts as a qualifier for the summer Olympics.

Grand Prix Volleyball Betting:

The World Grand Prix is an annual international women’s competition, which is considered the women’s version of the Volleyball World league.

Domestic Volleyball Betting:

Pinnacle Sports offer a number of betting opportunities for domestic volleyball leagues across all continents.

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Sports Betting – Golf Betting Picking Winners

 Sports Betting – Golf Betting Picking Winners

Golf ball on tee with driver

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Golf is one of the sports that won’t offer you an incredible amount of betting options, but those it offers are definitely very profitable . Golf features a few major events that are run throughout the year, such as The Masters, the US Open, the Open Championship, the PGA Championship, the British Open, and the Champions Tour.

Betting on winners and top three finishes is difficult. The first round of a golf tournament is made up of hundreds of players, so picking just one winner is more difficult.

A gambler’s insight, intuition about a player, and historical performances on similar courses can inform a golf bet, but the bet is much harder to win because of the size of the field.

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Here are the things you should looking for when making your golf betting picks:

Players In Good Form

Confidence plays a role in all sports, but it is especially crucial in golf. If a player has been playing well recently, he won’t second-guess himself or over-analyze things as much as if he’s been struggling.

Players Whose Game Fits The Course

Rather than handicap the players, why not handicap the golf course. All courses are different, and some place an emphasis on different skills than others. Some might be long and favour the long hitters.

Players’ Previous Results At That Course

Just like certain courses can favour certain players, certain players might tend to score well at certain courses.

Players’ Previous Results At Similar Tournaments

Certain tournaments are bigger than others, particularly the majors. So if a player just won the Shell Houston Open, that doesn’t necessarily mean he’ll be a contender at the Masters the following week.

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Sports Betting – How to Golf Betting

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The game of golf is played in almost every part of the world now, with professional tours in almost every region. There’s the Asian, Australasian, Japan, Canadian and Sunshine Tour, but the main two to concentrate on are the European Tour, now rebranded as the Race to Dubai, and the US PGA Tour.

Betting on golf is like betting on any other sport. You read the odds, you make your pick, and you wait out the four-day tournament hoping your guy comes in.

The best time to make a golf bet is during one of the major golf tournaments. These major tournaments include:

  • The Masters
  • The U.S. Open
  • The PGA Championship
  • The British Open

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Golf betting is a straightforward exercise. There’s not a lot of complicated betting options when you bet on golf, and while all sports betting contains some exotic or proposition bets, for the most part, betting on golf means one of three things:

  1. You can take the odds on a golfer to win.
  2. You can wager that a particular golfer will finish in the top three.
  3. You can bet that one golfer will beat another in a head to head match up.

Depending on which sportsbook you use, you may have other ways to bet on golf

Basic Money Line Odds

Here’s an example set of odds (using imaginary numbers). This represents the top of the field, as determined by handicappers:

  • Tiger Woods + 150
  • Phil Mickelson + 300
  • Steve Stricker + 450
  • Jeff Overton + 650
  • Ernie Els + 700
  • Field + 350

These are basic money line odds. Let’s say you want to be on Tiger Woods as the outright winner — his “+150” line means for every $10 you wager you earn $15 if he wins. A wager on Ernie Els would pay off $70 for every $10 bet, etc.

The Field Bet

Means if any golfer other than the ones listed on the line wins the tournament, your ship has come in.

A “field” bet is generally a bad bet, not just because they seldom win, but also because your odds aren’t that valuable if you do win.

Head to Head Golf Betting

Head to head golf betting involves betting on who will finish better between two golfers. This can either be who will shoot the better round, or who will finish better in the tournament overall.

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Sports Betting: Bankroll Management Skills

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How you manage your bankroll will have a significant impact on how well you financially survive streaks of bad luck or bad play, but it also affects how well you manage to keep the right focus in order to play at your best.

The goals of having good bankroll management are:

  • Maintaining a healthy bankroll during streaks of bad luck or bad play
  • Allowing yourself to focus solely on playing at your best and getting better

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Bankroll Minimum Limits

Poker Variant Number of buy-ins
Cash Games 50 buy-ins
Multi table tournaments 150 buy-in
Sit and Go tournaments 100 buy-ins
Double or Nothing tournaments 50 buy-ins
Heads Up tournaments 50 buy-ins
18-man tournaments 90 buy-ins
45-man tournaments 100 buy-ins

Here are some tips to help keep your bankroll in the black.

Avoid Betting Systems

Page after page of bad bankroll management advice exists, most of which suggests that gamblers should increase their bets when they’re winning and decrease them when they’re losing. These betting systems go by different names and some have slightly different features, but they’re all basically the same.

Flat Betting

Bet the same amount for each play.  “Chasing” or increasing bet size based on your last bet is not recommended.  Over time, you may hear about various systems where you increase your bet size “knowing” that you are due to win sooner or later.  In general, these systems don’t work.

Reason for Betting on Sports

How much your maximum bet is? The answer depends on your reason for placing sports bets. Different bettors are looking to accomplish different goals – some of us are just looking for cheap entertainment, while other gamblers bet on sports for a living.

Unit Size

You should think about the type of investor that you are.  Are you aggressive or conservative?  Are you experienced or a novice?  The answers to these questions will help you to determine the size of your typical bet.  This is called your “unit” size.

Keep Track of Your Bankroll

Online sportsbooks take pride in the tools they offer their customers. Bankroll management tools built into various online sportsbooks can be your best friend.

Bankroll management is an easy concept to learn but a difficult one to keep in practice.

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Sports Betting: Bankroll Management

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When you are betting on sports you should always set aside a certain amount of money, which we refer to as your “bankroll”, in which you can afford to lose. Like with any type of gambling, you never want to bet betting on sports with money you cannot afford to lose.

Managing your bankroll is extremely important, and includes details like how much cash you can afford to lay down on each bet, how often and if you should vary the size of your bets, questions about whether or not you should hedge your bets, and basically every financial decision you make about your gambling dollar.

As a general rule, gambling experts advise that you never wager more than 2% of your total bankroll on any one play.

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One of the biggest mistakes that most aspiring bettors make is ignoring bankroll management altogether. Even recreational gamblers should ideally have at least some plan for how to manage their money when betting. This is a necessity for anyone serious about making consistent profits.

Having a proper bankroll enables you to make more educated betting decisions. When a specific amount of money is set aside solely for betting purposes, that money becomes nothing more than a tool for betting. This is how you should view it. The focus should not be on how much you might win or lose per se, but rather on trying to make good selections for the right reasons. This is a lot easier to do when you’re practicing good bankroll management.

Betting too much can be a very damaging mistake, and yet it’s a very common one. Everyone has a finite amount of money, and losing too much of it through betting can lead to all kinds of problems. There’s always the possibility of losing your entire bankroll, but even those who can easily afford their losses can still be affected.

You absolutely shouldn’t chase losses either. This is another mistake that’s both damaging and sadly all too common. It would probably be fair to say that most gamblers have, at some point, chased their losses, and very few of them have done so with positive results. In fact, chasing losses almost always ends in disaster. Many gamblers learn this the hard way and choose to never do it again. Unfortunately, a lot of gamblers repeatedly make the same mistake, staking more and more money in an attempt to recoup losses.

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Future Sports Betting Strategy

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Most online betting sites offer players the opportunity to bet on which team will win the World Series, NCAA National Championship, NBA Championship, Super Bowl, Stanley Cup, and other league championships. These betting options, known as future bets, open up for betting before the season begins and remain open right until the start of semi final play.

Unlike betting on a game via point spread or total, future markets have finality to their results. Pushes aren’t possible and gamblers will either lose their stake or profit.

While futures are normally bets on events to happen later in the year, they update throughout the season and postseason based on recent play. If there’s a key injury or a crushing loss or string of wins, the futures’ markets will respond. Depending on when you wager, your price on each team can be drastically different.

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Each sports betting site offers unique odds on teams winning league championships, so odds vary from site to site. To get the best odds, it’s important to shop site to site.

Sports fans make most future bets interested in backing their favorite team or player over the course of the season. Professional players avoid this wagering option due to the massive juice built into lines.

Many betting sites offer future bets with a lot of juice built in, and they can get away with extra juice simply because most bettors don’t understand how to figure out how much juice is being charged nor can they determine the pricing without juice.

To gauge the future market it is important to break the odds down at each site no matter how poor one site’s odds appear. This is because perhaps you’re shopping odds at one site with 10 percent juice, another with 20 and another with 40. The site with 40% juice has poor odds for almost every team, so a novice gambler passes them up, where a sharp gambler at least looks to see what their lines are saying. That sharp bettor does the same thing we did here in removing the juice so he can use that later in his analysis.

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Sports Betting Strategies: Teaser

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

What is a Teaser Bet?

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

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

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

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Standard Teaser Odds

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

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

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

Teaser Rules for Pushes

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

Advanced Teaser Strategy

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

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

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

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

 

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Sports Betting Math

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

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

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

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

428 Cowboys +175
429 Redskins -4 -200 38

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

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

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

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

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

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

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

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

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

So there are two solutions:

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

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

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Sports Betting Glossary W-Z

Sports Betting Glossary W-Z

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 Sports Betting Glossary W-Z

Vigorish

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

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

Wiseguy
Refers to a knowledgeable sports bettor.

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You can also check :

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

 

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How to Win at Sports Betting

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

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

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

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

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

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

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