How to Profit From Sports Gambling

The goal for sports punters is to earn a profit whilst enjoying our favourite sport. The sad truth is that for the majority of gamblers, this is an elusive dream. However by developing and carefully following a stratagem anyone can make this dream a reality.

There are two factors to consider to profit from sports gambling:

  • Bet Selection
  • Staking Plan

Bet Selection

The first, Bet Selection, is obvious – we need to back winners at least some of the time. Let’s consider Horse Racing, anecdotally there are many professional punters who earn a comfortable living from picking horses, but the key word here is professional. Research and analysis of each horse in the 59 racecourses across the UK takes a sizeable amount of time and experience. If you want to be successful then it’s a full time job! For the majority of us this means we have to use the advice of experts to do some of the legwork for us.

Horse Racing Tipsters

UK horse racing has no end of self-proclaimed “experts” on the Internet charging up to £100 per month. When selecting a horse racing tipster the most important factor we need to consider is long term results.

The Internet is awash with tipsters who have had one good month but then go on to post a loss for the next six – but you will only see this one month on their home page! Never follow any tips without first checking the tipster’s full result history. Choose a tipster who publishes all their horse racing tips history, ideally where the results of the tips are published the next day along with a complete history of all their tips.

Take a look at a Tipster Proofing site such as Racing-Index who grades the results for a number of tipsters. Consider which tipster gives you gave for money and fits with your own betting profile – can you actually place the 100s of tips each month some tipsters require?

Following tipsters alone is not likely to earn us riches – the best tipsters are locked out for new members or charge such high rates that any profits are lost immediately. The solution is to develop our own system using tips from expert sources combined with our own research. This is the strategy successfully used in greyhound racing by followers of the site. As with most things; the more you put into your system the more you will get out.

Staking Plan

Once we have a betting strategy in place it is time to look at a staking plan. The simplest is Fixed or Level Stakes where we simply bet the same amount, for instance 2% of our initial betting bank, each time on our selected horse, however we would want to increase our wagers as our betting bank grows. This leads to Percentage Staking where a percentage of the current betting bank is wagered each time. This means as we win our stakes are larger and conversely the stakes shrink when the betting bank decreases.

However, intuitively we know these staking plans to be overly naive as we would be putting the same amount of money on a horse with low odds compared to a horse with high odds. As we are looking to maximise our profits we should be putting a larger stake on a low odds bet as the return will be less.

To find the optimal staking plan we could take a correspondence course in statistics and dedicate several years into research. Fortunately we live in age where this research is at our fingertips. From probability theory we have the Kelly Strategy where the optimal percentage of our betting bank is calculated from the odds of the bet and our own estimate of the probability of the horse winning.

Using an online Kelly Strategy Calculator just feed in the values to get the percentage of the betting bank to put on each horse. Now the Kelly Strategy can give us some scary percentage stakes if we have an initial run of high odds horses so we could adapt it to a Half Kelly Staking Plan where we wager half the percentage advised by the Kelly Strategy. This would result in a slower accumulation of gambling profits but a less hair-raising ride.

The most important sports gambling advice to heed is only bet with funds you can afford to lose. Always gamble responsibly – if you feel you need help and advice with problem gambling visit http://www.gambleaware.co.uk.

Illegal Sports Gambling Is Big Business! Will It Finally Become Legal? Supreme Court to Decide

No matter what sports season we’re in, you probably have a favorite sport you relish following. Maybe March madness college basketball, the NFL, baseball, hockey, golf, or soccer. Perhaps you would like to make a little bet, but many sports fans in the United States are leery of the legitimacy and legality of internet gambling. If you live in the United States, your legal sports betting options at brick and mortar casinos are limited to Nevada, and to some degree at Delaware racetracks.

The Supreme Court has heard arguments on a New Jersey challenge which would permit sports gambling at its casinos and racetracks. If the court rules in favor of New Jersey, Gaming experts predict that most states will jump on the bandwagon to legalization, in order to fill state coffers with tax revenue.

If you’re unfamiliar with the particulars of how to bet on sports, the following describes how it all works:

Sports Betting Jargon

Before we get into the specifics, here’s a little jargon explanation to help you understand the process:

  • Action – A term for all the betting activity that happens during an event.
  • Handle – The total amount of money wagered on events.
  • Spread – Giving one of the two teams points to even out the betting action.
  • Sports Books – Establishments that take bets on sporting events.
  • Juice – A percentage of the win taken from a bettor that won an even money bet. Sometimes called the vig, which is short for vigorish.

Types of Bets

There are many different types of bets. By far, football draws the most action with the biggest handle. The Super Bowl alone draws over $100 million in legal betting activity, and over three billion (that’s billion with a B!) illegal wagers. Now you see why states want a piece of the action.

  • Even Money Bets – Players betting on only one team to beat another. The sports book takes the juice/vig from the winning payout amount. A common vig is $11 for $10. (Bettor wages $11, wins $10.) House keeps $1. Most bets will have a point spread (line). If the player is picking the underdog, S/he will take points. If the bettor is picking the favorite, S/he is laying (giving) points.
  • Parlay Bets – Betting on multiple (two or more) teams to win. Here’s a scenario on a point spread ticket. Let’s assume that on event #1, Tampa Bay is playing at Green Bay with GB favored to win by at least 3 points. In event #2, Buffalo is playing at Miami and BUF is expected to win by at least 7 points. Your game ticket would look something like this:

Event Visitor Vs Home

1. TB GB. -3

2 BUF. -7 MIA

This means that if you bet on GB they must win by more than 3 points. A bet on BUF would require them to win by more than 7 points. By choosing the favorites you are laying (giving) points. If you were to put your money on GB and MIA, you would be taking (receiving) the points.

One way to eliminate confusion is to jot down a spread score before the games start. for example on this ticket:

The score before the game starts is:

  1. TB 3 GB 0
  2. MIA 7 BUF 0

When the games are over just give the points to the underdogs. In most jurisdictions, ties lose for the player. In other jurisdictions the prize payout for one tie is reduced to the next lowest payout factor. A common play in casinos is a four team pick for 10X the bet.Bet $10, win $100, but you can wager from two to twelve games. The more games you play, the higher the winning payouts.

  • Over/Under – One scenario is betting that the final score ill be over or under a certain number a preset number.
  • Prop Bets – A proposition bet is where you predict the outcome of a preset number of props on a single ticket. Example: Total field goals over/under 4. Total interceptions over/under 3. Total sacks over/under 2. Total receiving yards, total yards, and the list goes on and on.

If you visit Vegas or other jurisdictions that permit sports gambling, Good Luck!

Facts About Sports Betting Businesses

The betting trade gives to over 400,000 people winning prizes and offers huge tax income to local governments. Communities concerning sports betting have altered from an associate to an extensively conventional movement. Sports betting are synchronized as a consequence of participation. Illegal activities that some of these companies run, are outrageous! Based on some researches they have made money over $400 billion. So as you see not every company that handle spot betting operate legal and legit activities.

Sports betting businesses handle a comprehensive deal of making bets. There are a bulky amount of sports betting on global basis. These companies operate online and on handset sports betting choices. Some of them have created robots to predict some games. These robots have sophisticated devices that can help these companies to foresee some game’s results. The sports betting firms operate in various languages. People from everywhere participate in each game by putting their money on a particular play.

There are sport gambling firms that introduce the greatest bid of tax-free probability on sportive events. Some imply that certain sport companies that operate gambling have certain mob activities.

Who will verify the legality of such companies? Do they operate as a singular firm or do they operate as a syndicate and group of sport gambling companies? There are some gambling businesses that operate as a value chain and some operate as a single company. Businesses which run their gambling trade as a chain of companies, gain more power than those single companies and small gambling businesses.

Some companies such as: nightclub services and bettor’s services verify their money online in real time. Numerous businesses give a diversity of online sport by means of the alternative of 24/7. Sports gambling businesses usually approve businesses before taking farther activities. After the approval, they precede the gambling activities.

The bettor whose finances are secured can easily start their gambling venture in no time. Sports betting in supplement to their approval present bettor’s different sports upon which they may put their bets, bid bettors with a swarm of dissimilar kinds of bets. Sports gambling businesses are requisite to be approved and synchronized. The bettors who make their bet on the games are assured that their accounts are safe.

Many sport betting businesses encompass various offers such as: coupons, parlays and teasers. These businesses provide bets which comprise totals margin, futures alien singles, live plus Asian handicap. Players and gamblers from around the world participate in playing at these online gaming. Every year such companies earn not only their return of investment but also their profit margin increase every year. Many players put their money on the most important sport games. This way they can win a lot of money. Some as I have mentioned earlier in this article apply mechanisms and robots to predict some games. Thus an outsized quantity of money will be placed on games that have higher probability in winning!

As many online mechanisms have been computerized, many betting companies have been attempting to produce an artificial intelligent system that can help them to increase the probability of winning.

Internet Gambling – Free Casino Games

Internet gambling: casino games at your doorstepInternet gambling is one of the fastest and the most popular means of entertainment in the comfort of ones home.Applying the correct techniques for playing the various internet games can net huge earning by way of jackpots and bonuses. A player has to register online and he can play the game immediately after the registration process.Banking facilities are available on the Internet and the accounts are managed online. Internet gambling sites use specific types of software such as microgaming software that give a guarantee of random performance. Not only that but these casino software games undergo rigorous testing to ensure they are fair to the player.Advantages of internet gambling games:The games that are played have a guarantee of security and the gaming authorities take care to monitor the amounts invested in the games.Casino games that are available include roulette, blackjack, video poker, slot machines, video keno, and many others. There is a facility of audio and image technology in each of these internet games that provide added excitement and entertainment with 3D animation and sound.There are various types of games that are available with different types of strategies that are explained to the player by means of the software and many include game history.Popularity of internet gambling games:Internet gambling games have increased in popularity, exponentially in the last five to seven years. The advancement of graphics and sounds has added to the publicity of these games and boosted the excitement to levels almost equal that of a real brick and mortar casino.Most casino games are offered by casinos with bonuses and sometimes free cash just for downloading the software and becoming a registered player. Some don’t even require deposits.This article provided by www.top10online.com.