Posts tagged Sports
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.
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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Online Sports Casinos
Feb 18th
Online Sports Casinos, popularly known as online sportsbooks, are increasingly becoming popular with gamblers who want to place their bets on different sports. The bets can be placed on Soccer, Baseball, Basketball, Boxing, Motor sports, Golf, Ice hockey, Horse Racing, Rugby, Skiing, Tennis, Snooker, Cricket and other sports. The minimum and the maximum bet amount that can be wagered depend on the type of sporting event.
There are certain rules of sports betting that have to be understood by every gambler. No action will be recorded on the sportsbook if the sporting event is postponed by 12 hours, is rescheduled or is not played on the scheduled date and time. Winners will be determined after the conclusion of the day’s event. Reversal of the results or suspension of games will not alter the results declared in the sportsbook. Bets submitted by gamblers should appear in the list of Pending Wagers to enable them to participate in the bet.
All reputable Online Sports Casinos offer convenient money transactions. They support the payment and withdrawal of money through various money transfer services, such as NeTeller, Firepay, 900 pay and Citadel. The recent change in banking procedures has, however, made credit cards a less favorable means of transacting money.
There are many fly-by-night operators who pack up and start a new site as soon as their fraudulent practices become public. So, while choosing an Online Sports Casino, it is important to verify whether they have a government license to run the business. Find whether the sportsbook has been in existence for more than 3 years. Suggestions from other players and reputable gaming portals should be welcomed, as their experience can help to find a reputable Online Sports Casino. Gamblers should be wary of any Online Sports Casino that lures them with high bonuses. Sign-up bonuses in a reputable sportsbook may vary from 10% to 25%. Check with every Online Sports Casino to see if it mentions its official address on its website, and offers 24/7 customer service either by toll-free telephone, email or live chat.
Some states and countries have passed laws making Online Casino Gambling illegal. Therefore, before you gamble at an Online Casino, it is important that you check your local laws.
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