Tag : betting-odds
Tag : betting-odds
Odds are simply a reflection of the chance or probability of a certain outcome in an event. In any event, every outcome has a chance or likelihood of taking place. Odds are simply an interpretation of those chances. The bookmakers form odds or prices to reflect those chances.
The first thing you need to understand is what basic betting odds mean.Let’s take odds of 2/1. This means that you need to bet one unit to win two back. Odds of 4/1 means that you bet one unit to win four back. Then you have odds-on prices such as 1/2. In this scenario, you would need to bet two units to win one back.
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The longer odds of 2/1 have less of a chance of winning, while the 1/2 odds-on price is more likely to happen but you would have to risk twice as much to get the same return as if the longer price won.
‘Odds Terms’
Fixed Odds Betting
When you place a fixed odds bet, you are staking a certain fixed amount of money against the bookmakers money to predict the outcome of the event.
Stake
When placing a bet, your stake is the amount of money which you risk or gamble.
Laying Odds
This is another term for a bookmaker taking bets.
Odds Against
Odds against is the term used to describe a bet where you will receive a return of more than double your stake. The profit on the bet will be more than your stake.
Even Money
Also known as EVS, this is when the return will be double your stake.
Odds On
Odds on is the term used to describe a bet where you will need to stake more than you will win,
Short Odds
This indicates that a selection has a good chance of winning.
Long Odds
This indicates that a selection has a poor chance of winning
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Categories: Sports
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In poker, betting is an intricate part of the process. However, it is important to understand that you are just not going to place down random amounts of money for no reason. Yes, you bet more money when you think you have a good hand or when you intend to bluff, but there are more reasons to bet than just this. All of this is able to help you out significantly, which is why you need to know and understand how and when to bet in poker.
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Raising
In general, it is better be be a more aggressive poker player instead of a timid poker player. This does not mean you need to raise and re-raise every single hand, as after all, there is no reason to throw away money when your hand is no good. However, when you raise it is more than just this. Often times new players raise just to see the flop, but it is a philosophy likely to cause you to lose. Instead, you need to know when to raise and when not to raise. Good reasons to raise include thinning out the playing field, in order to increase the value of the pot and take control of the hand by showing your interest in it. You don’t want to play against multiple individuals moving forward in the hand, so instead of calling it is a good idea to raise. Raising the bet is also going to help you take control of the hand. This shows your aggressive nature. Lastly, it also helps you raise the value of the pot, which ultimately is what you want as well.
Calling
There are a few times you might want to call. This is when you are the first individual playing on the hand or other individuals are limping through the hand and you do not have much you want to play with but don’t want to fold.
Know Why
Before you ever bet, you always need to know why you are betting. You don’t want to just toss in some money into the pot and go from there. If you do this, you are more likely going to just lose all of your money and end up leaving the table early. Instead, you just need to focus on a few specifics. First, you need to justify your reasoning (internally, of course) as to why you are tossing down the chips. You need to understand the position you are in the betting order, look at the tendencies of the rest of the players at the table, so you know whether or not someone is likely bluffing, and you also need to know what your own table image is. If you are just starting off, it might take some practice to understand when you should play and when you should hold, but ultimately, the more you are able to play and bet, the better off you are going to be with developing your poker skills.
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Categories: Casino
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If you’re ready to make the leap from home poker games to live poker rooms, there are some things you’ll need to know in order to make the transition smoother.
Home games, in nature, are casual and fun, and generally consist of a group of friends getting together to enjoy a favorite pastime. Home games are responsible for creating a new generation of poker players who are taking their own game to the next level.
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Structure and Rules
Poker rooms must maintain a level of structure in order to run a fair game and operate legitimately. In order to do this, there are certain rules that are consistent and enforced in order to protect each player and to uphold the integrity of the game.
Each poker room has their own set of regulations with slight variations, but the following rules are consistent regardless of the game, limit, or poker room you choose.
Playing out of turn, when done intentionally, is a technique similar to cheating. There are ways to manipulate the action before it gets to you, which are frowned upon in casinos.
In short: Playing out of turn is a “no-no” that comes with consequences.
In short: If you declare, “raise” but only bring out enough chips to call, you’ll be required to complete the action to include a raise.
In short: Make sure to rebuy before the first card of a new hand is dealt.
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These basic poker rules of good behavior make sure the game is fair and runs smoothly, no matter what kind of game you’re playing.
Don’t Play Out of Turn
While you may be so excited about how good your hand is you can hardly wait to raise the pot, you have to wait until it’s your turn to do so. Same goes for folding hands you can’t wait to get away from. If you jump the gun, it gives other players information they shouldn’t have before they make their own decision and can confuse the action.
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Don’t Talk About Your Cards While the Hand is Still Going On
Once you’ve folded, it’s tempting to chat about what would have happened if you had stayed in, but if anyone who’s still in the hand hears, it’ll give them information that they might use to their advantage. For instance, if you had a 7-2 as your pocket cards in Hold’em and the flop comes 7-7-2, if you blurt out that you would have had a full house, everyone will know that it’s unlikely that any player still in the hand has the full house, making it hard to bluff and represent that hand.
Don’t Show Your Cards (Until the Showdown)
When you fold, make sure you don’t flash or flip over your cards as you toss them into the muck. Again, if players know what you fold, it’ll give them information that may change how the rest of the hand plays out. Unless you are all-in and heads up, there is no reason to show or expose your cards until the showdown.
Don’t Splash the Pot
There are two bad betting habits that you see a lot in the movies which are no-nos in real life. The first is when a player tosses his bet in a big mess in the center of the pot. That’s called Splashing the Pot, and it makes it hard to tell how much you’ve bet. A better way is just to stack your chips neatly in front of you to bet.
Don’t Make String Bets
The second bad habit from movies is the string bet, which is when a player goes “I’ll call your 500…. and raise another 1000!” You have to declare whether you’re simply calling or raising right away — once you say “call,” that’s all you can do. If you’re going to raise, say raise and the amount right away. This is especially important in casinos.
Don’t Be Rude or Mean
Even if you’re having a bad losing streak, it doesn’t give you the right to curse other players or be rude to the dealer. It will win you neither pots nor friends.
If You Show One, Show All
If you win a hand before the showdown but want to show your cards anyway, you can’t just show them to the one player to your left or right, you have to turn them up for the whole table to see. After all, why should only the lucky players next to you get to know what you were holding?
Do Pay Attention
If you’re in a hand, don’t make everyone remind you that it’s your turn — keep up with the action so the game keeps moving. Talking on cell phones is a bad idea.
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Win, place and show betting are the most basic bets to make.At the track or simulcast facility, you will see win odds posted on the tote board. To estimate how much your selection will pay for a $2.00 win bet, just double the odds and add $2.00.For example, a horse going off at 2/1 win odds would pay 2 x 2 = $4.00 + $2.00 = $6.00 for a $2.00 wager.
Win: The simplest bet you can make on a horse race. A Win bet is an attempt to predict the horse that will win the race. If the horse wins, you will collect on your bet. The odds listed for the horses on the toteboard are the Win odds for each horse. For example, if a horse shows ‘5’ on the toteboard, if you bet him to Win for $2, you will get back $12 (5 times $2 plus your original $2 bet). This $2 payoff of $12 would also be shown on the result payoffs under the Win column (1st column) for the horse when the race is official
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Starting Hand Probability
Place: Similar to the Win bet, a Place bet on a horse is a bet that the horse will finish in first or second. If the horse does finish in one of the top two spots, you will collect the amount shown in the Place column (2nd column) for that horse on the result payoffs for each $2 you have bet. If you make a Place bet, note that it does not matter if the horse wins or comes in second, you will win the same amount. This bet has less risk than a Win bet, but also a smaller reward. If you are confident the horse will win the race, you will receive a larger return betting the horse to Win.
Show: Another variety of a straight bet, the Show bet is used when you want to bet that a horse will finish in the top 3 positions in the race. For every $2 bet on the horse to Show, you will collect the amount shown in the Show column (3rd column) for that horse on the results payoffs. Again, if the horse comes in first or second, you will not win any more money than if the horse finishes third. This is the safest of the straight bets but also offers the smallest return. If you are confident the horse will finish better than third, you would have a larger return placing a Win or Place bet.
The table below shows the approximate payoffs for $2.00 win wagers at different odds.
| Odds | Returns | Odds | Returns |
| 1-9 | $2.20 | 2-1 | $6.00 |
| 1-5 | $2.40 | 5-2 | $7.00 |
| 2-5 | $2.80 | 3-1 | $8.00 |
| 1-2 | $3.00 | 7-2 | $9.00 |
| 3-5 | $3.20 | 4-1 | $10.00 |
| 4-5 | $3.60 | 9-2 | $11.00 |
| 1-1 | $4.00 | 5-1 | $12.00 |
| 6-5 | $4.40 | 6-1 | $14.00 |
| 7-5 | $4.80 | 7-1 | $16.00 |
| 3-2 | $5.00 | 8-1 | $18.00 |
| 8-5 | $5.20 | 9-1 | $20.00 |
| 9-5 | $5.60 | 10-1 | $22.00 |
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Categories: Racebook
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Learn a few hands in Texas Hold’em that are second best and could cost you a lot of chips. Second best and dominated hands are good to stay away from.
A hand is dominated by another hand if there are three or fewer cards that improve the dominated hand enough to beat the hand that is dominating. Interestingly–when the dominated hand does hit one of those outs they usually switch places and become the dominating hand (as the previously best hand now has 3 or fewer outs to beat the new best hand.
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Let’s look at the forms of domination:
AK vs AA, the AK will only come from behind about 6.748% of the time and AKs ( suited ) about 11.518%. That is over 1- 13.8 to draw out. If your all in and find yourself in this situation can pretty much start packing up because your going home. Nice thing is you do not find yourself in this situation to often as you hold one of the ace they would need to dominate you, but I have still lost count of the number of times this has happened to me over the years.
KQ vs AA, the KQ will come from behind 13.57% of the time and KQs about17.38%. Still pretty bad, but almost twice as good as the worst case. You still probably going home.
KK vs AA, the KK will come from behind 18.9% of the time. Your only a 1 – 4 dog, still not that good, hope the pot is laying you good odds or you were short stacked.
AK vs KK, the AK will come from behind 30.4% of the time and AKs about 34.6 %.This is not terrible at all, often you can find yourself in this position and get be getting the right pot odds to be in this situation.
Most other situations are around 60 – 40 and not really considered domination.
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Categories: Casino
Will see eight national teams compete against one another in a very uniquely formatted event deemed the “World Cup of Poker”. Each nation will be battling for the right to be crowned poker’s world champion.
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Saturday, March 21 will see the first five rounds of action play out before the quarterfinals, semifinals, and finals take place on Sunday, March 22.
The eight teams involved are from Canada, Germany, France, Italy, Russia,U.K., Ukraine, and the U.S. Each team will consist of five players, and over the course of the next few days leading up to the even
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This poker tournament set to bring the best 36 players in the world to represent their countries in what GPI’s CEO Alex Dreyfus defined: “the world cup for poker as a sport.” “If we really want to promote poker as a sport, we need an international competition like this one,”
The winner of the Global Poker Masters will then be the country that, at the end of the 16th tournament, will have aggregated the highest number of points.”
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Competition Schedule
MARCH 20TH 2015
7:00 PM – Global Poker Masters Introduction Party
MARCH 21ST 2015
THE PLAYOFFS (DAY 1)
11:30 AM – LiveStreaming of Global Poker Masters begins on Twitch.
11:30 AM – 12:00 PM – Player Introductions & Pre-Show.
12:00 PM – 1:30 AM – The Playoffs Commence
Playoff Round 1: 12:00 PM – 2:30 PM
Playoff Round 2: 2:45 PM – 5:15 PM
Playoff Round 3: 5:30 PM – 8:00 PM
Playoff Round 4: 8:15 PM – 10:45 PM
Playoff Round 5: 11:00 PM – 1:30 AM
1:30 AM – 1:45 AM – All Point totals totaled, end-of-day team rankings announced and following are decided:
Playoffs Winner – This team advances directly to The Semifinals & collects the Playoffs Winner’s Bonus.
Playoffs Elimination – The Team which comes 8th in points is officially eliminated from the 2015 Global Poker Masters.
Official Quarterfinals (Heads-Up Matches) Bracket Released – Bracket follows a standard ‘seed’ sports tournament structure based off of remaining Teams’ finishing positions at the conclusion of The Playoffs (w/ the exclusion of the Playoffs’ Winner – who receives a ‘bye’ directly into The Semifinals). Heads-Up Matches will be organized as such:
2nd place Team vs. 7th place Team (concurrent ‘best of 3’ Heads up matches)
3rd place Team vs. 6th place Team (concurrent ‘best of 3’ Heads up matches)
4th place Team vs. 5th place Team (concurrent ‘best of 3’ Heads up matches)
MARCH 22ND 2015
THE QUARTERFINALS (DAY 2)
11:45 AM – 12:00 PM – Seat draws for Quarterfinal Heads-Up Matches:
2nd place Team vs. 7th place Team
3rd place Team vs. 6th place Team
4th place Team vs. 5th place Team
12:00 PM – 3:00 PM – Quarterfinals play begins. This is a single timed Heat – all Players will have 3 Hours total to finish
3:05 PM – 3:20 PM – Quarterfinals play concludes. All Point totals totalled and following announcements made:
Quarterfinals Winners – These teams advance to The Semifinals (6-Max Final Table).
Quarterfinals Elimination – The Team which comes 8th in points is officially eliminated from the 2015 Global Poker Masters.
THE SEMIFINALS (DAY 2)
3:20 PM – 3:30 PM – Seat draws for the Semifinals.
3:30 PM – 7:30 PM – Semifinals play begins. This is a single timed Heat – players will have 4 Hours total to play. The Semifinals continue until:
Scenario 1: Action is Heads-Up w/ 2 players left.
Scenario 2: The 4 hour time limit for the Semifinals is reached. In this case the top 2 stacks will continue on to the Global Poker Masters Finals – with all other Teams Eliminated.
THE FINALS (DAY 2):
7:30 PM – 7:45 PM – Seat draws for the Semifinals.
7:45 PM – End of Event – The Finals begin and run until one of the 2 remaining Teams’ players have won 3 out of 5 concurrent Heads-Up matches – this team is crowned Champion of the 2015 Global Poker Masters.
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Categories: Casino
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If you’re new to betting, one of the first things you should do is learn how betting odds work. It’s critically important because it allows you understand how likely an event if to happen, and potentially what your winnings will be.
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How To Read Sports Betting Odds
There are three forms of regular betting odds that you will see at every sportsbook that you visit, whether online or in person. These are the ones that you see right off the bat and the ones that really matter when you are betting on sports.
First there is the moneyline wager, which is the bet on who will win the event out right with no point spreads or other variables. You simply pick the team you think will win and place the bet. However, without using the odds, the payouts are usually much different then they would be with the odds in place.
When betting on the moneyline, the favorite will always have a negative symbol in front of the number and the underdog will always have a plus sign in front of it (example is -150 favorite or +150 for underdog).
Then we come to what could be the most common type of bet, which is the point spread. Betting the spread allows players to wager on the difference in score between the two teams. For instance if the spread is 7 and you pick the favorite to win, that team will have to win by 7 to push or by 8 to win.
There is also the total score or the over/under, and this line lets you bet on whether or not the total score between all competitors will go above or below a predetermined amount. You simply look at what the Over / Under is and then bet on which you think it will be. If the number is 42 in a football game and you bet the over, you would need 43 points total between the two teams.
With the spread and the total you will occasionally see that the odds are distributed with “half points,” which are in place to prevent a “push,” or no one winning or losing the bets. As long as there is a winner or loser, the sportsbooks will make their money on the juice and be happy.
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Categories: Live Betting, Sports