Since there is no exchange rate on tracks like Penn National versus Saratoga you should make your money where you can. Knowing that the stock doesn’t really change all year long at the smaller, year-round tracks provide a solid baseline for the horseplayer that is trying to make a living playing the races while you wait for the grandeur of the elite summer meets to return!
The longer I have been betting, the more I have come to fall in love with the team that nobody likes. In fact, I feel better about a potential bet the uglier it looks on paper. Sounds counter intuitive I know, but the less the general public likes a team, the more I like the look of them in terms of betting value. Especially a team that might have performed well over a long period but may have had a bad run of maybe 4 or 5 games. Just watch the general public jump off them, and watch their value rise.
This leaves smart gamblers to find great value opportunities where the general public's opinion is just plain wrong. It also means that great value can be found on events where there is expected to be greater interest than normal by the occasional and casual gambler, who lets be honest, knows nothing or very little in terms of profitable betting strategy. Events like the AFL and NRL Grand Finals and major horse racing events are prime candidates for this sort of opportunity.
The 76ers are one of the hottest up and coming teams in the NBA and the Golden Nugget in Atlantic City will certainly miss not being able to book their games. In addition to being close to Pennsylvania, New Jersey also borders New York City. Until both states legalize sports betting, New Jersey will be the only legal game in town. While Atlantic City isn’t considered a New York sports market, they certainly have Knicks fans visiting frequently. We’d be remiss if we didn’t mention the 4,500 Nets fans in Brooklyn that could also be visitors. The Golden Nugget will certainly miss out the action from those three teams alone.
Even though most sports bettors are losers in their own right (as a whole, bettors actually win an average of only 48% of their bets – less than they would expect to win if they just flipped a coin for every game), their losses are compounded by the fact that the house takes a cut of winnings, also known as the ‘juice’ or ‘vig.’ Most sports books charge a 10% commission on wins, which means that a bettor must actually win 52.4% of his games just to break even. (Wagering $100 per game, a bettor loses $100 with a loss and wins $90.91 with a win, so he must go 11-10 (11/21 = 52.38%) to break even).
Perhaps you’ve heard of the Super Bowl? If not then you should know that it is one of the biggest annual betting events. American football is like a religion in North America. It hasn’t been as globally accepted as other sports but its popularity is growing. The NFL is the most well-known American football league there is but NCAA college football, the Canadian Football League, and a couple other smaller leagues have large followings and bookmakers take a lot of bets on them, so you will never run out of markets to bet. A fresh list of betting lines is usually up every Sunday night during football season and punters can’t wait to get their bets in.
This bookie is a high-volume bookmaker that takes $5,000 bets as routinely as most books take $100 bets. This is a very large and established operation that is best suited for the sophisticated player as well as large recreational players who typically wager $500 per event or more. Use exclusive code “BB878” to ensure you get lucrative welcome bonus.
To make another basketball analogy, imagine if the Golden State Warriors played an NBA regular season game one day, then a few days later played a tournament game against a team from the American Professional Basketball League or NBA G League. This is under the fictional assumption that the G League was not affiliated with the NBA and that a tournament where every American team from any league could participate in existed.
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Let me put what we have reviewed in this way; The bookmakers have edge of built-in margin but unlike casino where pure mathematics governs, the sports betting is pretty much skill oriented game thus successful Software / Tipsters (Handicappers) / Systems turn their edge into ours. They can identify a True Value Bet in the form of UNDER-ROUND in the selected sports category where they have absolute skill edge. These will result in Positive EV (Expected Value) that’s a mathematical formula to allow you achieve average long-term profit. This +EV will be translated into the additional winning rate to 57%. For further details of EV and its rationale, you may want to read the one I introduced at the beginning, especially Value Bet section;
Tonight in Las Vegas the West Coast Conference Semifinals take place in what is an exciting time to be in Sin City. Fans from across the west have enjoyed coming to Vegas as this has been the site of numerous conference tournaments as of late. Monday we take advantage of one team we feel is getting way too much credit in this spot. Hope you join us for this Best Bet Winner.
Bookies don’t offer even money like friends in a casual betting situation. In the above example, with two evenly matched boxers, a smart bookie will offer 5/6 odds for each. That way, a $10 winning bet would only return $8.30 plus your stake. What does this do for the bookmaker? He can float an equal amount of money on both fighters, winning no matter which fighter actually wins. If they take $1,000 worth of bets on one boxer and $1,000 on the other, the bookie would take in $1,000 but only have to pay out $830, for a guaranteed $170 profit regardless of the outcome.
One can follow many different betting strategies with long-term bets. Above we already mentioned the classic, of betting on the winner of a certzain competition. Apart from that there are also many other options, that we want to present to you. Additionally we want to provide important and helpful tips, that are supposed to lead you to betting success.
Details of the bill as it pertains to sports betting include: The state’s lottery serving as the overseer of implementation and ongoing regulation; five sports betting licenses being made available at an initial cost of $250,000 each; sports betting revenue being taxed at 15 percent, with 2.5 percent of it going to the lottery for administrative fees.
To bet on the Redskins using the point spread, your bet is called “laying the points.” For your bet to pay off, the ‘Skins have to win by five or more to cover the spread. Remember, if the ‘Skins win by exactly four, the game is a push, and both sides recoup their bet. Another alternative is called “taking the points” with the Cowboys. That means the Cowboys have to lose by three or less for your bet to win, or if the Cowboys win outright. So you and your buddy go up to place your $100 bet, and you find out that the standard straight bet at any bookie pays 11/10. That means you have to bet $110 if you want to win $100. You and your buddy pay the bookie $110 and sit down with drinks to watch your bets come in.
In the time since the May Supreme Court decision, both Delaware and New Jersey have begun accepting bets on sports at casinos and racetracks. Mississippi, West Virginia, and Pennsylvania are all hoping to be in the next wave of states to do so, with many seeing the start of the NFL season as a target date for the launch of sportsbooks in these states.
When there IS some value in their odds and lines, there are so many other people betting on these sports that it soon disappears. A good price will see lots of money coming in very quickly, and when that happens the bookmakers adjust their odds and lines accordingly. So unless we’re also very quick, we can easily miss out on the best opportunities.
One advantage that the boxing betting enthusiast has is that odds are generally posted weeks prior to an event. Odds are volatile and punters have a better chance of finding the most favorable price if they shop around. When they find the right odds they can also usually take advantage of some sort of bonus like enhanced odds, money back if the match goes the distance and your fighter loses on points, or free bets. Punters should keep their eyes peeled for these special offers in the days and weeks leading up to a scheduled bout. Getting the best odds and cashing in on valuable bonuses is a great way to score a knockout against your bookie. You can also throw in the towel on those pay-per-view costs by catching your match via live stream at the best boxing betting sites.
It doesn’t matter if you consider darts a sport or a leisure activity. It is quite popular and more and more people find it easier to bet on. One might be inclined to think that darts is a niche market that many bookies don’t take bets on but that would be a mistake. This game is a staple at all of the world’s leading sportsbooks and there are so many darts events throughout the year that punters can place pre-game and live bets almost any time. The best darts betting sites usually have a promotion or two that is geared towards darts bettors. Many of these bookies provide live streaming coverage, betting tips, and other helpful information. These same bookies give punters an excellent selection of payment methods to choose from and they take pride in offering fast payouts.
Watching some of the fastest cars on the planet lap around a race course can make your head spin and so can the number of bookmakers that offer Formula One racing betting. When you want to bet on this exciting sport it is important to get the best prices, betting options and bonuses so that your victory laps will be that much sweeter when you win. Gamblingjudge.com is here to help you find the best Formula One betting site to suit your needs. It doesn’t matter if you are a small-time recreational gambler or big bettor; the right bookie is waiting for your F-1 action. There are lots of reputable bookmakers offering mobile betting, in-race betting, live streaming, and plenty of bonuses that are specifically designed for Formula One betting fanatics. Money back bets if your driver fails to finish the race, money back second place, and enhanced odds can be great advantages if F1 is your favourite sport to bet on.
Proposition bets are wagers made on a very specific outcome of a match not related to the final score, usually of a statistical nature. Examples include predicting the number of goals a star player scores in an association football match, betting whether a player will run for a certain number of yards in an American football game, or wagering that a baseball player on one team will accumulate more hits than another player on the opposing team.
After the event, Manfred spoke briefly with reporters about the legalization of sports betting. Last year, the U.S. Supreme Court ruled that states were allowed to legalize sports gambling within their borders, overturning a longtime ban on the practice. Massachusetts Gov. Charlie Baker has proposed a sports-betting system in the Bay State, as have several lawmakers on Beacon Hill.
We will say that online sports betting may not be legal where you live, so please check your local laws before placing bets online at these sports betting sites. And we also want to point out that there have been “scam” type sites in the past known to steal money from their bettors, so make sure you stick with recommended betting sites we list here at The Sports Geek.
It's possible but rare. There are lots of opportunities that bookies miss but over time they usually adjust. For example Wong Teasers (teasing through both the 3 and 7 in NFL) were highly profitable for a while and now evidence shows they are less so, if at all, as the info becomes public and books adjust payouts and shade teaser lines to compensate. So there are "loopholes" to try and exploit.
The second question to ask yourself is: What is my betting style? Are you already winning more than you lose and putting away your winnings? Is your bankroll steadily growing, or it is going downhill consistently and requiring you to re-deposit every week? Remember, betting on sports should be fun and if you’re losing money because you’re not making the right picks, then using the services of a professional handicapper could be a good idea to help you recoup some of your lost dollars.
But you give the Team A far greater winning chances – based on your information, analyses, statistics, observation, skill and other factors that form your opinion – say 60% (or 0.6). The fair odds for the victory of the Team A based on your assumption would be 100% / 60% (or equally 1 / 0.60) = 1.67. The sports betting company thus offers the odds, which are higher (1.8) than the minimum odds (1.67), which would be yet acceptable for you (i.e. the fair odds). Therefore it is advantageous for you to make the bet, since your expected return is positive and your edge is exactly 1.8 / 1.67 – 1 = 0.08 = 8%.
For once I am very happy about how a round turned out from a betting perspective at this edition of the World Cup. Sweden wasn't up to the task of facing England, and Belgium came through with the milder-than-the public-perceived upset at the big price, so we wound up with a nice profit. Even the other two games didn't bother me too much even though they both ended up as losses. Croatia won as I hoped, but it just took them too long to do it. And Uruguay just didn't show up against France, which happens in soccer frustratingly often. Read More >>