The Key Elements of a Sports Betting Website Explained

Nowadays, it seems old-fashioned to walk into your local bookmakers and place a bet. Technology has provided a whole new platform for the gambling industry in the form of sports betting websites. So what are the main components of these sites and how do they work?

Upon entering the bookmaker’s website you will be greeted with a mass of glossy advertising banners and promotional offers. It’s easy to become lost in the homepage before you’ve even contemplated betting.

The first feature of the website you should divert your attention to is the log-in form, accompanied with an option of signing-up. This feature is commonly found at the top of the webpage. New users can begin their gambling experience by clicking a link that will take them to a registration form. Returning users can simply enter their log-in details and pick up from where they left off.

After logging in, you will gain access to a series of sub-menus offering the various sporting categories available to bet on. These will expand to display the specific areas within certain sports. For example, the ‘Motor Sports’ tab divides into Formula 1, Motorbikes, NASCAR and other motor sports.

In addition to the sub-menus, the centre-piece of most betting websites allows punters to place their money on live, in-play events. This enables the bookies to shorten or lengthen the odds in real time. This provides an element of excitement to your gambling experience; as opposed to the traditional method of placing a bet in the shop and hoping for the best.

The website also replaces the traditional paper-based betting slip. This feature allows users to place bets on current or upcoming events. It displays the stake of your bet as well as the potential winnings, altogether in an easily understandable set-up.

Not only this, but you can check all of your current bets. This is particularly helpful with the in-play markets as you never lose track of your stakes. The slip consolidates all of your bets so you can follow the action from one page.

All of the above elements are relatively easy to interact with. However, should you come unstuck at any time, contact details are available to get in touch and resolve any issues.

Overall, these websites are providing a whole new perspective on sports event betting. With the excitement of in-play markets and the useful online features, you can rest assured that Internet gambling is a safe bet.

Chase Betting Systems (Also Known As Dog Chase Betting)

If you are an experienced sports gambler you know the old adage, that if you chase your loses you will lose your shirt and be certain to bust your account. It is time to throw all that non-sense out of the window and learn for the first time, that chasing your loses is the best possible scenario. In order to make money using a chase betting system you need three items at your disposal:

1. A decent bankroll (or account balance)

2. A Plan

3. A strong stomach to carry out the plan

The old adage states that: he who chases his losses will burn through his bankroll. This is true, only if you do not have a true plan, a strong stomach and a decent bankroll. Let me explain. The old adage comes from the gambler who bets $100 on Team 1 to win today. Team 1 loses, thus tomorrow the gambler bets $200 on Team 2 to win (he thinks he can not lose twice in a row and plus Team 2 is a sure thing). Team 2 loses, then on day 3 he bets his remaining bankroll on Team 3, he loses and within three days his bankroll busts. The old adage is true, for this gambler…not for you.

You see a chase system uses simple mathematics to ensure that you do not ever lose money. However, you must make sure you bet the correct amount and you must have the guts to follow through with this program. The system is easy to follow regardless of which sport you bet on and regardless of if you are chasing a specific team or a general sport. In 2007, AFSB completed a study of the chase system in the NHL focusing on the Montreal Canadians. The system worked like this: On day 1, $25.00 was bet on Montreal, if Montreal lost, then the next time that Montreal played $50.00 was bet on Montreal, if Montreal lost again, then in the next game $100.00 was bet on Montreal, if Montreal lost that game then $200.00 was bet on Montreal and so on until Montreal wins or you run out of money. Once Montreal wins then the system resets and the next time Montreal won $25 was bet on Montreal in their next game, if they lost then in the next game $50 was bet on Montreal, however, if they won, then in the next game $25 was bet on Montreal.

This simple system made us $1,210.00 in the NBA Playoffs in 2007 (see our Article on Absolutely Free Sports Bets regarding the NBA Dog-Chase System). We again used this system in the 2008 MLB playoffs and picked up a nice $1,373.00.

In the 2010 NCAA Basketball season we are utilizing this system in a more generic manner. We are playing one Dog-Chase and one Favorite-Chase that is not team specific. Click on our Free Picks link to see the details of the 2010 NCAA Basketball Chase System hard at work.

In order to ensure that your account does not bust we recommend that you only bet with 1/4 of the normal amount that you gamble with per game. For example, if you bet $100 per game, then under a chase system you should only bet $25.00 per game. This is why:

The chase system is based upon the premise that you should not be able to incorrectly handicap a game for seven days in a row. If you are betting $100.00 per event in a chase system, and are incorrect 7 times in a row then you will be betting $6,400.00 on the seventh game ($100, $200, $400, $800, $1,600, $3,200, $6,400). To protect yourself you should bet 1/4 of the normal amount, in our examples we assume 1/4 would be $25.00 per event ($25, $50, $100, $200, $400, $800, and $1,600).

Let’s examine the power of the Chase system. Let’s examine one gambler who bets on 14 games (1 per day, over a 14 day period) and this gambler does not do so well, he wins 6 and loses 8. Example 1 below shows if he simply bets $100.00 per game at a normal -110 per game. Example 2 shows the same gambler with the same results, however, he bets $25.00 in a Chase system.

Example 1 – Sports Gambler that wins 6 bets and loses 8

betting $100.00 per game, one game per day

Game 1: Winner, $91.00

Game 2: Winner, $91.00

Game 3: Loss -$100.00

Game 4: Loss -$100.00

Game 5: Loss -$100.00

Game 6: Winner $91.00

Game 7: Loss -$100.00

Game 8: Loss -$100.00

Game 9: Winner $91.00

Game10: Loss -$100.00

Game 11: Winner $91.00

Game 12: Loss -$100.00

Game 13: Loss -$100.00

Game 14: Winner $91.00

This gambler is 6-8 and lost $254.00 over a two week period.

Example 2 – Sports Gambler that wins 6 bets and loses 8

betting $25.00 per game (with chase rules), one game per day

Game 1: 25 is bet and Wins $23.00, so in the next game:

Game 2: 25 is bet and Wins $23.00, so in the next game:

Game 3: 25 is bet and Loss -$25.00, so in the next game:

Game 4: 50 is bet and Loss -$50.00, so in the next game:

Game 5: $100 is bet and Loss -$100.00, so in the next game:

Game 6: $200 is bet and Wins +$182.00, so in the next game:

Game 7: $25 is bet and Loss -$25.00, so in the next game:

Game 8: $50 is bet and Loss -$50.00, so in the next game:

Game 9: $100 is bet and Wins $91.00, so in the next game:

Game10: $25 is bet and Loss -$25.00, so in the next game:

Game 11: $50 is bet and Wins $45.00, so in the next game:

Game 12: $25 is bet and Loss -$25.00, so in the next game:

Game 13: $50 is bet and Loss -$50.00, so in the next game:

Game 14: $100 is bet and Wins $91.00

This gambler is 6-8 and WON $105.00 over a two week period with a losing record.

Obviously you can use this system in way you wish, here are some possibilities:

(1) Team specific. In 2007, in the NHL we only used this system betting on Montreal. If Montreal lost, we doubled up on the next game, if they won, then in the next game we reverted back to our starting point.

(2) Position specific: In 2010, we are playing one dog and one favorite every day in NCAA Basketball, if the dog loses then we double up on a different dog the next day, if the dog wins then the next day we revert back to our starting point. (The same is true for our favorite system)

(3) Position specific within a series: In the 2007 NBA playoffs we played on the dog throughout a series, thus the dog could be Team 1 in game one vs. Team 2, but then Team 2 could be the dog in game 2. We played on the dog regardless of who we played on the previous game.

You must be cautioned, there will be a point wherein you find yourself wagering more than you ever wagered before on one game, however, when that game hits your profits skyrocket. Please do not bet your normal unit, bet 1/4 or less.

If you are skeptical, review our article on NBA Dog-Chase from 2007, view our results from the 2008 MLB Playoffs, or just click on the Free Picks link from our web site and see how the system is working in 2010. Once you see how good it works, you will be addicted.

Sports Betting Sucks – Why Do I Keep Losing?

If you find yourself saying that sports betting sucks, then you really need to learn sports betting secret #3.

Sports Betting Secret #3: Keep Your Emotions In Check

Like I said above, this is something that is much easier said than done. This is the part that kills most sports bettors. Sports betting, in theory, should be 100% logical. You set up some rules and you follow them 100% of the time. However, it can be very difficult to not get upset if you are losing; especially if you are betting a lot of money.

But if you understand the law of averages, you will know that losing streaks sometimes happen just like winning streaks happen. Losing money can be a very emotional thing for people. As much as I advise people not to, they often bet money that they cannot afford to lose. NEVER DO THAT. Then they start making panic bets hoping to get lucky, and that almost never works out.

You have to set up your betting system so that you will not let your emotions get the best of you. This includes proper money management so that you are not betting with money that you cannot afford to lose. This also includes sticking to the system and commit to only taking the bets that the system tells you to take. That way you will be able to set your emotions about the games aside. You want to run your sports betting as if it was a business, not entertainment.

I have found that merely starting to view my sports betting objectively as a business, has helped me completely detach my emotions from the betting. And right at the time that I was able to realize this, I really started having a lot more success as a sports bettor. I firmly believe that mastering your emotions so that you can effectively handle the ups and downs really separates the sports bettors that make big bucks and those that do not.

What All Should You Know About Online Sports Betting?

These days there are a lot of people betting online and therefore online sports betting have become a huge industry today with millions of people participating in them and a large number of betting websites operating on the web. It is the possibility of betting from anywhere around the globe that makes online betting so popular. Another advantage of making your bets on the internet is that there is no jostling for crowd, no bookie involved or no shouting over the crowd.

If you are entering into this venture for the first time, then the main thing that you should be worried about is to look for a reliable bookmaker. On the internet, there are a number of bookmakers, but your major job would be to find one that is reliable and credible. The best way to do this would be to checkout for the most popular ones and read on the best reviewed sites. If you have some friends who are into this business, then you can consult their advice and find out the best online sites.

Once you have found the most suitable betting site for you, half of your job is done. Now all you have to do is to open an account or register in the site and follow the instructions. Most of these online sites have the option of using your credit card, thus making it even more convenient. Some of these sites also offer bonuses when you sign up. However, that should not be the sole factor that helps you decide which site you want to place your bet on.

Now that you have found a site and registered in the site, all that is remaining is to have enough money in your account and start placing bets. However, just like any other bet, to be able to win you will have to employ some strategies. For instance, you should be well aware of the betting rules of the game that you are betting on. The betting rules for basketball may differ from the rules of other games. So for proper results, you have to be well accustomed to the rules of that particular game.

Another thing that you should be considering is the factor of whom you are betting against. Though normally people place bets against the sports book or the bookmarker, these days there are cases where the bets are placed against odd markers.