The Concept of Value in Sports Betting!

In sports betting you need to make sure that your bets (and trades) are good value in order to make a profit. If you do not do this you will still win bets but profits may be harder to achieve.

Let me explain this last statement. I actually lose more bets than I win – but the prices or odds at which I bet compensate for the losing plays.

If you bet all season long on the NY Yankees (US Baseball) or Arsenal FC (English Premiership) – to win each game – you will probably end up with a fairly good winning strike rate – but it is unlikely that you will make any money. The odds will be ‘short’ and you may do better to try and predict when these teams might falter – and bet against them at the over inflated prices being offered on the opposing teams. These opposing teams will most likely offer the value – as they are not the popular betting choice.

When we flip a coin, we know that the true chance of it turning up heads or tails is 50% or ‘evens’ (1/1).

As an example we set up a ‘coin flipping’ betting event. A neutral party begins to flip the coin. With each subsequent flip there is a definite preference for heads in the betting. The bookmaker or sportsbook takes this in his stride, he has already set the odds at 10/11 (-110 US) for either outcome which takes into account his commission. He knows that this trend is fairly usual as heads is often favored in this type of event. He decides, however, to balance his books a little by reducing his odds on heads to 5/6 and increasing tails to 1/1.

Heads is now an even shorter price and represents no value. Tails now stands at a slightly better price but still only represents the ‘true odds’ or likelihood of winning at 1/1 or 50% and so is not value.

The event continues and still the betting favors heads. Why? Well the ‘average bettor’ does not really understand ‘value’, he does not understand that heads might well be a bad bet or hold no value. He just enjoys betting and since ‘heads’ is winning – he wants to bet on heads.

The bookmaker balances his books again with a dramatic shortening of the odds for heads to 4/9 and a lengthening to 6/4 (+150 US), on tails.

At this point the professional bettor would step in and begin to place bets on tails. He knows that he has got value at 6/4 for an event where the ‘true odds’ of success are 1/1.

Best Online Sports Betting Sites for Your Reference

It is hard to find a safe and trusted site where you can do online sports betting. In order to find one, you need further research. Here are the top five of the best online sports betting sites that you can try.

Bet365.com is one of the most establish and oldest site that offers a sociable interface layout for online bettors. They started since the year of 1974. It is an outstanding sports-book for those gamblers who played online that likes the choices and selections of different online sports betting. It is secure to play in this website. They also offer almost everything like greyhound racing to handball and dart tournaments.

Another online site is called Bodog.com. It is one of the very first online sports betting website. They built the website for the principle of security, professionalism and also for enjoyment that’s why they always ranked as one of the best sports betting site. They started since the year 1995.

BetCris.com is also one of the top five which you can visit because they offer specialized action and plenty of betting selections for European gambling public. They started at the year of 1985.

Another one of the best online betting sites is the BetJamaica.com. They offer online sport bettors a sports book that has professional management. They have a strong, trustworthy sports book with excellent funds and have good software in order for the customer to have secure betting. They also have an excellent customer service that’s why they are one of the best sports betting site. BetJamaica.com started since the year 2003.

Last but one of the top 5 best is the BookMaker.com. it is the sister company of the BetCris.com. They are one of the most well-known and the suggested gambling site online. They offer substantial bonuses and it has no upfront fees.

BookMakers.com also covers a wide range of online gaming selections everything from racing events and sports. They also offer online casino games that allow the costumer to play with other players. You don’t have to worry about the safety of your winnings and betting because they have safe methods in depositing and withdrawing your money. They started since the year 1996.

Remember, always try to read up the necessary information before you bet, and see the odds given by various websites for the same game to get the best leverage.

How to Get Started With Sports Betting

Sports betting is simply placing a wager on a sporting event. You are betting that your team, horse, dog, or driver will win. If they do win, so do you! If they lose, you lose your bet amount. Sports betting takes place all over the world, though in the United States this type of betting is not as highly accepted as it is in Europe.

Online sports betting is probably the best option for those who are interesting in trying it for the first time. If you have never tried online sports betting, you are missing so much fun and excitement, and it can all happen in the comfortable surroundings of your home! The art of sports betting can seem confusing at first, but once you are familiar with some of the jargon that is used to explain the concepts and logic behind each type of bet, it is all much easier to understand.

One of the best ways for you to experience this engaging way to bet on your favourite racing and sporting events is to get acquainted with online sports betting. However, in order to best take advantage of all that sports betting has to offer, you need to know a little more about it.

Sports Betting – The Odds

How does online sports betting work? You should start by studying the odds for the sporting event you are most interested in placing a wager upon. When using online sports betting, you can find these odds in the various online sports books used by Internet gamers everywhere. You must open an account with an online sports book before you can place your bet, but this is simple to do.

Once you have chosen where you are going to do your sports betting, you need to decide how you are going to place your bet. There are many different ways for you to wager your chosen amount of money, but first, let’s talk about the spread and how it can affect the amount you bet.

Sports Betting – The Spread

The spread is a point advantage in sports betting, which is usually given to the team that is generally expected to lose a particular sporting event. If you decide that you will bet on the team that is expected to win, they will have to win by more than the spread number and cover the spread before you are considered to have chosen correctly. If you choose the team that is expected to lose, that team will have to lose by less than the spread number in order for your pick to be considered correct. If by chance the team wins by the number of points that were chosen as the spread, the game is called a push.

No one who engages in sports betting wins a thing if a game is called as a push, but you do get the amount of your original bet back. The point spread is done in order to make the all of the bets come out even for the sports book, and is usually done for sports such as basketball or football.

Sports Betting – The Bet

If you were to bet against the spread, most likely you would place a type of bet called an 11-10, or spread bet. By betting $11, you win $10 if your team’s score covers the spread. This is another way that the online sports book makes its money.

An over-under bet is also an 11-10 bet. With this type of bet, the total score of the two teams that played will be either over or under the total score that was listed before the game was played. Betting on the score being over is called ‘betting on the ball’. Betting on the score being under is called ‘betting on the clock’.

A proposition bet is a type of bet where the online sports book chooses what the odds and the conditions of the bet are going to be. This type of bet can be most interesting, even a little fun at times, for the conditions can be as unusual as which of two football teams will make the most touchdowns, which of two basketball teams will score the most three pointers, or even which individual player will make a certain move for the team. The odds for this kind of bet are sometimes 11-10, but can be better or worse depending on the circumstances.

A parlay bet happens when you are betting on more than one event, usually three. This type of bet gives you a much higher payout if you should win, but the catch is that all the events you bet on will have to win. If even one of them loses, they all lose, and you lose the amount that you bet.

A money line bet seems rather formidable, especially to someone who is just getting into online sports betting, but it is really one of the simplest bets of all. It is also called a Straight Up bet, and there is no point spread to consider. You will just choose your sport, and then the team you think will be either the underdog or the favourite. In a money line bet, the sports book will have numbers listed that are in the hundreds, with either a plus or a minus sign beside them. These numbers are considered the ‘money line’, and are the multipliers for the bets.

If the money line for your team is listed as 100, you will make an even bet. This means you will wager the same amount that you will get back. If the money line reads -110, then you must come up with the amount of money you have decided to bet, plus 10%. This extra 10% is known by the name of ‘juice’. If the money line for your team is listed as +110, then you simply place your bet with the amount you choose to bet. If you win a money line bet, you get the amount of your bet plus 10% back. For example, if you bet $10.00 and $1.00 in juice on a -110 money line and it wins, you get $21. 00.

A teaser bet in sports betting is actually a proposition bet that allows you to change the odds for the bet in either direction so that the wager is in your favour. You can go up or down in points, and must choose at least two teams, as is done in a parlay bet. You can have as many as 6 separate teams included on a teaser bet, but all of the teams chosen have to win in order for your bet to be declared a winning one. Once the games are over, the points from the teaser bet are added or subtracted from the final scores. The odds for teaser bets can be different each time, so it is a good plan to always check the sports book before placing your bet.

A tip to remember is that generally, when placing a wager on any sport that can finish with a high score, such as football, you will have a spread. Sports where the ending score is low, such as in baseball will have a money line. Remember also that favourable odds on a game can sometimes work in your favour. Online sports betting allows you to easily go from sports book to sports book to find the best odds.

Secrets of Sports Betting – The Bookmakers Secrets!

During the 1980’s, I was part of a group, that used computers to win millions in sports wagers from Las Vegas Casinos. This was before personal computers were in everyday use. The invention we not call the internet was years away from having access to handicapping stats and data. We were successful for two reasons. First we were ahead of the odds makers in collecting important information. They were still doing things the old way, and we took advantage of that loophole.

Those days are gone forever. The second key to success, is to understand how the numbers really work.

ODDS DO NOT PREDICT THE WINNER

Think of it this way. “Odds do not predict who will win. They are actually predicting who the public THINKS will win.” Most sports punters, both professional and novice, do not understand the secrets of the bookmakers.

Two-way sports wagers, (meaning two teams with a 50-50 chance of winning with no ties) are posted at odds of 11-10. This means you wager £11 to win £10. Half the punters select team A, and collect their £10 when they win. The other punters choose team B, and lose the contest paying their bookie £11. You would think this gives the house or bookmaker a 4.55% advantage. You would be wrong with this assumption, but do not feel bad, 99.5% of the bettors think like you do.

THE BIG MISCONCEPTION

General thinking goes something like this. The bookmakers, insure themselves a profit only by balancing their books. In other words, they hope to get half the bets on each of the teams, thus they win every time. In reality, they hardly ever balance their books, or even come close. Your may find small local bookmakers, with small bankrolls, try to operate in this manner, but with so many internet shops available, even they can even up lopsided books. Many small bookmakers do not even know the secret. They are like the rest of the cattle and travel along with the herd. The erroneous belief that large sports bookmaking operations need to balance their bets is the big secret in the industry. What they do need to accomplish, is secure plenty of volume on both sides, without actually balancing the books.

THE BOOKMAKER’S SECRET REVEALED

Suppose the bettors in our example game, risked $165,000 to win $150,000 on the favourite. But the public only bet $82,500 on the underdog trying to win $75,000. This looks like a mismatch, with the bookmaker heading for big trouble if the favourite wins. If the dog prevails, the sports book makes a profit of $90,000. He wins $165,000 from the favourite bettors, and pays out $75,000 to the Dog winners. If the Favorite wins, the bookmaker loses $67,500. He will win $82,500 from the underdog backers, but lose $150,000 to the fans who bet the favourite. This results in a loss of $67,500.

Now you may be saying too yourself that math does not make the house a winner. So let us review, when the Underdog wins, the bookmaker wins $82,500 but if the favorite wins, he loses $67,500. Favourites and underdogs usually split the winning equally and each side 50% winning of the time. Half of the time he will lose $67,500, the other half he will win $82,500, so his profit is $15,000 no matter who wins. So in our example, what is the bookmaker really risking? The bookmaker is really risking $67,500 to win $82,500. In simple terms, he is essentially laying $75 to win $100. That means he does not have to even win 50% of the time to break even. The house only needs a 42.9% strike rate, after that, it is all profit.

TAKE DOWN A 33% PROFIT NO MATTER WHO WINS

Give me odds of losing $75 and winning $100 on a 50-50 coin flip wager. I will beat you every time with this huge house advantage. To most fans, the general thinking is the bookmaker needs to balance his books with equal wagers. From my example, you can see this is not true. When you have bettors risking twice as much on the favourite side, you are getting a 33% return on every dollar.

What Sports Betting Websites Present More Than Odds?

In this article we are going to discuss about websites that contain the superior sport betting solutions.

If you Google it, you will find thousands of links that are about sports betting and some of these links contain great betting tips on the Internet. Let’s study closer on certain of these websites.

If you are a good bettor and are familiar with betting you might have heard of Bodog, Betmaker, The Greek and Pinnacle? These websites are the best sports books as many reviews have confirmed them and wrote several reviews about them.

So what is that these books offer to make them so special compare to the other sports betting websites?!

What similarities and strategies could these websites have? More than anything else it’s our decision, not the conditions of our betting’s that determine our betting’s destiny.

These websites have some advantages which can help a bettor to win the game or guess which sports team will win the game. The following are some facts that reveal some of the advantages that these websites do have:

o The first and foremost fact is that these websites concentrate on sports betting. You don’t see ads or any other topics in these websites. It is all about game and betting. We won’t deny the fact that there might be a couple of casino games or poker games in some of them, but the focal attention of the website’s content is sports betting. So as you see the niche is pretty clear about spots gambling. These websites contain the best gambling with great graphic and user interface. Webmasters of these websites try to keep them bug free so that people will enjoy surfing around and betting on their favorite teams.

o These best sport books contain the best online support that make sure your needs are met. They are there to answer to your questions and help you to solve your problem. This is one of the important factors for an online business which is to provide a great customer service.

o They provide odds upon the entire great USA sports which are famous and favorite teams not only in America but also the other countries of the world. These websites or sport books contain popular odds such as: soccer, football, hockey and cricket.

o As we talk about earlier, these websites have a great user interface and various methods of payment. This will facilitate payment procedures without a problem. A user who wishes to use these betting websites can trust their payment gateways as they are equipped with security system which prevents hackers to hack in and steal away people’s money. A user simply sings up a membership, receives some amount of bonus on deposit, and then starts the game.

o These electronic sports books or websites provide services such as point spreads and over or under and moneyline

o Each of the sites provides free information on betting and/or sports news.

o All of these sports books have a track record of at least nine years.

Although these websites have a great security system, you might think as to whether anything happens and you experience any problem! Long story short, you might think whether something goes wrong!

I presume nothing is 100% secure as long as it is online. Hackers nowadays have been using sophisticated tactics and methodologies to break in to a system. There are no doubts in it. However the odds for these sites get hacked is 30-70%

However there are many factors for you to consider when you wish for choosing the best sports book on the internet. This is up to you to choose which website you would like to choose. Nothing can resist the human will that will take even its existence on its stated purpose. As long as you plan to win a game, then you are prepared to give it a go.

Best Online Sports Betting Sites

The world and the things around it are mostly working by the touch of technology. The alterations that we are having made by the technology are being so beneficial to us. Things are made much easier now and almost everything is more useful. The computer is the number one example of the change that the technology has given us. We do not have to go places or read books anymore just to be able to research; for we can now find anything we need like jobs or places by Google. We can also look for entertainment in the computer through fun sites. If you are a book lover or just plainly curious, you can read novels or any type of books like online sport books in your computer. In addition, downloading it would be better so you can upload it to your gadget and read it there. There are also numbers of job online if you are looking for one.

If you think it would be hard, well it is not. Communication is very easy to establish with the internet by electronic mails or what they call as E-mail. You can also chat by instant messaging or see one another face to face using the web cam that can be bought and attached in your computer. Most people make money from computers. Gaming is so demanding to all ages. That is why most invest for computers to build their own shops. Some might not be a fan of online games but surely there will be sites that are so much in demand to look at too. Gamblers are seen in such stores as well because of the sports betting sites. They are the ones that make money by online sports betting legal.

Sport betting is obviously a kind of gambling. This is usually played by those who watch sports regularly or people who just want to make money. This works by betting on the team on any sport, which can be soccer or basketball, by putting money in any cost you want in it. If the team you bet on loses, then you have just lost all the money you bet. However, if the team got the victory, you just got all your money back with profit, which makes you richer than you are right now.

Is this easy or what? This betting process is usually done in betting houses but now, you can just go over your computer to look for the best Sports betting online that is available for you. These sports betting online sites are scattered in the World Wide Web for you to find. Making the betting online has saved us from wasting so much effort and time. But then again, which can be the best sports betting online site from all that you will find? You should ask the betters you know on the site which ones they would think are believable. The site must have a good reputation and are already trusted by many like the enthusiasts in sports betting.

You may look at sites like VIP sports to help you with betting on your picked sports team. This VIP sports is known all around the world by their eminent betting online. They will give you choices that are deluxe in the line of sports betting like NBA, NFL, Formula 1, NASCAR, horseracing and the most famous sport in America, the Major League Basketball. The VIP sport is not the only site that is best in the world. There are also BetCom, MyBookie, BetGameDay, and many more.

These sites may really be the best in sports betting but then these do not guarantee you a win. What you will need is a system that will make you win and consistently let you earn money.

Sports Betting Strategies System, Sports Book Tips

How much would you value this gift, how much money would you invest when placing a bet? Predicting sports picks is an art that takes an incredible amount of research and analysis in order to find the winning selections. An unbelievable amount of data is collected, from statistical data to environmental data, once this precious information is gathered, it is entered into a computer software program to aid making the process of establishing the best possible game result. But that is not all, once the first part of the equation is compiled and completed (data entered in the software program), the human element is also added to the equation. The coaching staff, the location of the game being played, players injury reports are also taken under consideration and many other factors that can affect the turnout of the match or the game. Finally when the second part of the equation is added, a more precise and accurate prediction can then be taken regarding the outcome of an event.

Betting online is a very similar form of gaming or gambling, There are many risks associated with sports betting, you have to be reasonable about it, no body really knows what’s in the bag so pay the mortgage first along with the rest of your bills, a good idea is to put some money aside for the rainy days, of course everyone has to enjoy life and spend a bit of fun time following one’s passion, so with that being said, in sports betting like any type of gambling , the better has to take a chance, make his decision based on intelligent research to minimize his or her loss. Any form of gambling has its risks and probabilities. Is today your lucky day , you will never know until you try.

Sports Betting – 4 Tips to Remember Forever

Sports betting is getting increasingly popular and many people are into it these days. You can enjoy sports betting even if you bet a small amount of money. Sports betting is done on basketball, baseball, football and cricket etc. just to name a few. The following are some tips of which can help you win when sports betting.

1. The Right Sports-book makes the difference

A sports-book is a place where you can bet on many sports. There are online sports-books which can be used to bet online easily and without any charge. The payouts, based on the results of betting, are made quickly in such online sports-books. Betting using the correct sports book will ease the process of betting and will also help you in winning. Choosing the right sports-book is sure to make a big difference.

2. Your Homework plays an important role

A lot of study about the game in which you are going to bet is important. Not only that, you also need to learn about the rules of the game, the team and the players involved. A good research on all aspects of the game which others neglect would make a big difference in the outcome of betting.

3. Consider the Underdog

It is a tendency of the public to bet on their favorites. Why not bet on the Underdog? Based on statistics, it is a good idea to bet on the underdog. Before that, you should have done the right research on the underdog. Finding a high-value underdog is a sure way to make big money. This could be one of the key strategies.

4. When to bet?

The time of betting also plays an important role. Choose the betting time as the one that is close to the event. This is because many unexpected changes take place in the last minute. A key player might be injured and this could affect the odds of winning if you bet earlier.

Sports Betting Revolution – Unlock the Spread Monopoly and Collusion

What If the betting line or spread was established by four sports advisory companies without collusion or previous knowledge of each others numbers!

Lets face some facts about this number or point spread that usually comes from one Sports Advisory Group. This number is sold or distributed to the sports betting outlets online and the legal Sports Books in Nevada. These outlets put their little tweak on the line by 1/2 point or 1 point or an extra $5 on the money odds. However, everybody will post their number which is the same or within a point of each other. This is the equivalent of price fixing and collusion in any other industry.

How come the Sports Betting Industry has the same price or spread on their betting board? WHY – because nobody wants to rock the boat!

What if this process of establishing a betting line was not a monopoly but was provided by at least four sports consulting groups that were independent of each other. Each group would then post their calculated number for the worldwide sports betting outlets to buy and use for their operation.

This new mode of operation would unlock the monopoly that exists when the line is established. Now what happens? Would some books dare to post numbers that are different from others by 4 or 5 points either way. I doubt it since nobody wants to rock that boat. Is this collusion by the sports books so they can keep their share of the market and not create a price or point spread war.

The process of constructing the point spread number is probably done through a software program with all the statistics and other information to get a base number. Then the actual number is refined to include public perception as to where the public will place their money. It is no secret that Sports Books speculate or predict at what number the public will be evenly divided.

There are a number of times when the line is not even close to the final score. They do come close about 65% of the time. However, when the spread is minus 7 and the favorite wins by 21 points or the underdog wins outright, their number is way off.

If that minus 7 point favorite is listed at minus 11 points at another outlet would there be a Revolution among Sports Book operators. Would this difference of opinion cause a lot of anxiety with casino management. I am sure they would question each others actions after doing the same thing together all these years.

For a true and balanced market to emerge in any industry, there should be some options and competition among the players involved. A Betting Exchange is very close to a more balanced betting market since the competition is against other bettors. The spread is the same but the money odds are much better with more options.

If the Sports Books in Nevada and online books decide to re-arrange their Sports Book operations to include some alternatives to the spread, they will increase their handle and be more competitive. I would install some form of Spread Betting that is big in Europe. Allow more options with alternative lines and charge a little more vigorish. Some online books have alternative run lines on baseball. They post the run line at minus 1.5 runs on the favorite and underdog in the same game.

The Sports Betting outlets need to become more innovative to maintain a market share. We know they probably will not “rock that boat” unless one or more sports betting venues develops a rogue or maverick mentality. This would be a big gamble that could payoff and increase market share. However, it is ironical that sports books do not want to be in the gambling business. They just want to collect their commission and avoid too much risk. They are more concerned about the heavy hitters than the small average recreational bettors who lose more often.

Promoting or seeing changes in any financial markets is similar to getting people to stop smoking or obese people to lose weight. Change is difficult for a lot of people and businesses. As they say “talk is cheap”. However, I feel technology is becoming more prevalent in Sport Betting industry. Hopefully, it will create a more vibrant market with better options and more competition within the sports betting community.