Posts tagged Betting
Casino Gambling Tip – What Makes You Lose With the Best Betting Strategy?
Nov 24th
The best betting strategy doesn’t guarantee you to win at casino because gambling games have been designed on house advantage. There are other factors that determine whether you will win or lose at casino.
In order to minimize the risk of losing even though you have played with the best betting strategy, you have to understand the factors that can make you lose in playing your favorite game at casino. Among the factors that cause most of the players lose their money in gambling are:
1. The best betting strategy doesn’t work
Many gambling guides in the market claim their betting strategies are the best. You may have monetized by the promises at the sale pages that guarantee you will win if you implement their strategies. You bought the guide, learn it and play with the betting strategy according to what the guide teaches you. But, it doesn’t work the way it should, you are not winning at casino as you are expected. The fact is not all betting strategies will work as they claim for. So, you have to test your betting strategy first, which you can do it at the “fun” environment of online casino before you play with real money. This is to avoid the risk of losing your hard-earned money due to the betting strategy that doesn’t work.
2. The luck is not at your side
Even though you have won at casino using the best strategy, you may lose all the money you win when bad luck hits you. You may have the experience like I do – when I am not in good luck, whatever I bet, the outcome will turn out to be the opposite result that causes me lose the game. My betting strategies don’t perform as they usually do. What should you do when you are not in good luck? Just leave the casino and come back later.
3. You are greedy to win more
When you win more and more, your greedy behavior will make you out of control. You will start to think if you place more money in every bet, you will win even more. Once the greedy emotion arises, you may not bet according to your betting strategy. The more you win, the wilder your bets are, until you hit a huge loss that is hard to be recovered.
4. You can’t afford to lose
You may lose even more when you don’t take the losses and leave the game. Many gamblers always think that they can recover their losses on next outcome. Therefore, they keep double up their bet amount on every losing turn, until they run out of money and force to leave the game. Smart gamblers will know when to leave the game even they face some losses because they know when they face consecutive losing turns, it is not their best time to play. They will take the losses, leave the game and come back next time to recover the small losses.
Summary
There is not guarantee of winning in casino gambling even though you play with the best betting strategy. You have to understand the factors that can make you lose at casino in order to minimize the risk of losing.
Visit Wayne Piccot at http://www.onlinecasinos-review.com for more information on the casino betting strategies that work. The site is also featuring objective reviews of the best online casinos, the best betting strategy guides, exclusive bonuses, casino games and much more.
Casino Gambling and Sports Betting Are Not the Same
Sep 12th
Many people see gambling as gambling, no matter what kind of bet is being made. It doesn’t matter if it is placed at a blackjack table or an online sports book. But there is one glaringly obvious difference between the two.
In all casino games, the house has a mathematical advantage that guarantees it will profit no matter how well one lucky player may do. The odds are fixed, and they never change with the situation. For some games, like slot machines, they can be rigged to pay out more or less so the odds are never consistent, unless you consider they always against you.
Sports betting, on the other hand, has no set advantage that guarantees your loss. The odds makers really have no idea what they are doing. All they want is balanced betting so they choose a line that will shift the betting that way.
The big difference in sports betting is that you can find defined edges to bet. For instance, some point spreads have shown to provide an edge. An edge the house never gives up with any other bet. That is because you already pay them 10%. How many hands of blackjack would you play if you had to pay 10% of every hand to the dealer?
The point is that edges exist in sports betting that do not exist at the craps table. Because of that, the bettor who consistently bets those edges will gain a long term advantage over the house that can be exploited for a lot of money over time. The books don’t care. There are more than enough losers to offset the few who can find the edges. They also take ten just for the privilege of doing business with them.
There is no way to offset the long term advantage the house has in any casino game. All casino betting systems are doomed to fail because nothing can compensate for the mathematical long term edge you give up for free betting.
Sports betting, while you have to pay to play, allows you to find long term edges and exploit them for your profit. And there are many true edges to be found if you know where to look.
Of course, there is no sure bet when it comes to sports or casino games. If there was, it would not be taken by the casino anyway. They don’t get your money by being as stupid as they think you are.
Casino gambling is placing bets knowing you will lose money over time, even if you are consciously in denial of that fact. Sports betting is where a gambler goes if they want to give themselves an advantage and a fighting chance to win.
DIY Sports Betting is a great resource for finding edges and great advice for using them.
See it for yourself.
http://www.diysportsbetting.com
The winners edge is yours.
Casino Betting Systems
Jul 6th
We would all like to find a foolproof system to beat the Casino at the Roulette Table – unfortunately, there isn’t one!
The thing to remember is that in roulette, each spin of the roulette wheel is totally random. If the colour red has come up ten times in succession, the odds of it coming up on the next spin are still 50% (actually, using a European roulette wheel it is 48.6% because of the chance of the ball landing on 0, reducing to 47.3% on an American wheel which also has a 00)
So unlike in card games, where previously dealt cards can have an effect on the next card, each spin of the roulette wheel is totally independent and unrelated to what happened previously. Therefore any mathematical system that relies on historical data must be unreliable as history has no relationship to the next spin of the wheel.
There are however ways in which you can help increase your chances of winning – at least some of the time. Always remember though, that you should play roulette for the thrill of the game and always ensure that you can afford to lose – I have never yet met a poor Casino owner!
First, always, if possible, play with a European roulette wheel, where the odds are slightly more in your favour. (The house advantage is 2.7% for European and 5.26% for the American table).
One popular method used to try and beat the wheel is called the Martingale system. Dating back centuries to the time when gamblers used to bet on the flip of a coin, it is a very simple system that, used wisely, can help the gambler come out on top, at least in the short term.
The principle behind this system is to bet on something that gives you an even chance – red or black, odd or even, high or low – and to chose the same bet every time and if your choice does not come up, double your stake. So for example, if you chose to bet on red you would start off with a £5 bet; if the ball lands on black, you then double your next bet so you again bet on red, but this time you bet £10. If you lose again your next bet would be £20 and so on. When your colour comes up, you win back all your previous losses and win an equivalent amount to your original stake – in this case, £5.
After a win, you start again with your initial stake.
This may sound foolproof but there are two basic downfalls. First, you might lose your bankroll before your choice comes up – for example if you are on a losing streak, your 9th bet, if you started with £1, would need to be £256, needing a total bankroll of £510. Starting with £5, you would need a total bankroll of £2,550. You really need to ensure that if you are on a losing run, you know when to stop and I would always recommend that you limit yourself to a maximum of 7 or 8 bets before accepting defeat.
Secondly, most, if not all online casinos, have a table limit and you can easily reach it before your choice comes up. With a table limit of £500 and starting with a £5 bet, you would be over the table limit by the time your 8th bet is due (£5, £10, £20, £40, £80, £160, £320, £640 – well above the table limit).
Despite all this, there are ways to improve your chance of showing a profit.
First, find a casino that is offering a good deposit for first time players, that way the casino is contributing to your bankroll.
The Martingale system works best in the short term, the longer you play, the more likely you are to experience a long (and expensive) losing streak. Once you have had a few wins, change the table you are playing at and change your bet, so instead of betting on red or black, change to betting on odd or even.
Don’t play for too long – I would suggest an absolute maximum of 2 hours, and when you play again, change casinos to make the most of the initial deposit bonuses available. Finally, always check that you are playing on a European table, what the house table limits are and check the t&c’c of the operator. And DON’T play with more than you can afford!! – enjoy!
Tony Murtagh has been involved in building and developing websites for over 10 years. At present his main focus of attention is on his Gambling portal – The Betting Directory (http://www.betting-directory.org.uk/) and he also runs several gambling related blogs, including Online Gambling News (http://bettingandgamingnews.blogspot.com/)
If Sports Betting Professor Wins 90% of System Plays – Why Do So Many Sports Bettors Fail?
Jun 10th
If you are just starting out with sports betting then you may not have heard of the Sports Betting Professor, but if you have been gambling for awhile then I’m sure you have come across this program.
On the website it has a claim that it wins 90% of the System Plays. In my experience with this program I have actually experienced a better rate than that, but first let’s explain how this system actually works.
It uses a 3 bet progression system, where after a loss you next bet is to make up the previous loss plus the target profit goal that you set.
Here’s an example of how it works. Let’s also say that you target win amount is $20
Bet A: $22 to win $20 (Using -110 Odds)
Bet B: $46.20 to win $42 (Make up the $22 from A Bet Loss + the Target Profit of $20)
Bet C: $97.02 to win $88.20 (Make up the $22 A Loss & $46.20 B Loss + the Target Profit of $20)
*** Each Series Loss is Worth Approximately 8 Wins (8.2 wins) ***
Now at the time that I’m writing this here are the actual results that I have experienced with the Football and NBA Series Plays:
Football (NCAA & NFL): 60-1 98.36% Winning Percentage
NBA: 26-1 96.30% Winning Percentage
Now we know that each loss is actually worth 8 wins from the example above, so the weighted results from The Sports Betting Professor are as follows:
Football (NCAA & NFL): 60-8 +52 Net Units
NBA: 26-8 +18 Net Units
This Results Are Exceptional… How Can Any One Fail With this Program?
The Answer is Simple: GREED
You see. This program is amazing, but you still need to be careful and make sure that you manage your bankroll properly. There is no doubt that there will be losses that occur throughout the season, so it’s important that you plan for them.
So here is how people will fail. What a lot of people will do is have a starting bankroll of $1000, but instead of planning it properly they decide that they will set their target win amount at $100. They start to win and win and then they increase their wagers to $200. I think you can see where the problem is here.
As long as they keep betting to win 10% of their bankrolls per series eventually that one loss will wipe out 80% of the profits and will almost leave them broke. With any program you should never risk that much of your bankroll on any given betting series. My suggestion is to try to win 2%-4% per betting series. This way when you lose (and you will lose once in awhile) you still have funds to continue moving forward and building your bankroll.
Since I run a sports betting review site, I have tried a lot of different sports betting systems out there, but The Sports Betting Professor is definitely one of my favorite programs out there. You get daily plays from the owner Rich Allen who offers great support and the results speak for themselves.
No matter what sports betting system you use, make sure that you don’t have too much at risk per bet or betting series. Good Luck!
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What is Martingale Technique in Casino Betting Strategy?
May 1st
There are many betting strategies used by players try to win money from casinos. Among the most popular and simplest strategy is called Martingale technique. Although it is the simplest strategy use by most gamblers, it is one of the most dangerous methods that may causes you lose all you money fast if the game’s draw results are not the outcomes you projected. Let find look into the details of Martingale technique and see how it will help in your betting as well as risking your money.
Martingale technique is a betting strategy that asks you to double your bet every time you lose. The theory goes in this way: In any casino game, it is very common to have runs of 5, 6 or even 20 consecutive outcomes of high or low, even or odd, black or red; but it will finally result in the other side of outcome, so if you continue double your bet, you will eventually recoup your loses and win at least one chip extra when the outcome result in the field you bet on. For example, you are playing on Roulette and bet on Black with $10, it turns out to be Red, you lose, you continue to bet on Black but this time the betting amount is $20. It turns out to be Red again, you bet again on Black with $40. And, the games go on if you continue to lose, you double up with $80, $160, $320, $640…until the outcome turns to be Black, you win. Once you win you will cover you loses and win $10.
Theoretically Martingale technique is a perfect betting strategy that ensure you will win if you have sufficient money to double up the betting amount until you win. But, in true life this is the case because casinos have implemented a few game rules to protect themselves from rich players who have money to play using Martingale technique. One of the rules is maximum limit that you can bet on a field. If a player using Martingale technique to place his/her bet and if he/she continue lose and double up the betting amount, eventually maximum limit will be reached and the player can double his/her bet amount anymore. This is how casinos stopped players to continue winning with Martingale technique.
Playing with Martingale technique can be very dangerous because it was wipe you out very fast if the outcomes of the draw result always put you in the lose side and cause you hit the maximum limit where you can’t double up your betting anymore. For example you bet on Roulette table which has minimum limit of $1 and maximum limit of $300. You start bet on Red with $1 and double up to $2, $4, $8, $16, $32, $64, $128…today you have a very bad luck, the Black continue to come out consecutively for 8 times, but you believe this round (the 9th round) should be Red so you bet with $256 on Red. You are praying and hoping the outcome to be Red because you know that if this round still results in Black, you can’t double up your betting any more because of the table limit. Unless you are lucky this round else you will lose. Here is where the Martingale technique broken because you can’t bet with $512 on Red even you have money.
You will face a high risk of losing money using Martingale technique if you solely play with your luck. But it can work well if you use it with a few good betting strategies that you may learn from e-books or articles published by casino pros.
Chris Wiseman is an author from http://www.onlinecasinos-review.com You can visit his website for more Betting Strategies, Online Casino Review and other online casino resources.
