Tag : sports-betting
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Tag : sports-betting
Sports betting can be a fun and profitable venture. You should be able to enjoy many positive experiences as long as you bet in moderation and under control.
Knowing how sports betting works starts with understanding the fact that sports betting is illegal in most of the United States. In fact, it is only really legal in Nevada, although a lot of people bet online as this is still a gray area when it comes to the law.
You should check your state or provincial laws first before deciding how and if you get involved. Some states prohibit it, others are actively trying to regulate it
Once you decide that this is for you, you need to identify the type of player you will be. There are four categories.
The different betting systems can vary and sports books have their own language. If you want to learn how sports betting works, you need to learn who sets the line, how often you need to win to break even, and how the odds are determined.
The sportsbook is the place that takes the bets. It is also referred to simply as the “book.” a person who takes a bet is either a “bookmaker” or a “bookie.”
The “handle” is the amount of money that is wagered on the bets.
The “handicap” is also something that you will be hearing a lot of. When it comes to betting on sports, the handicap is points given to a team in order to level the playing field.
The “juice” is the money that the bookmaker takes in as a profit.
The “money line” is used in sports that do not ordinarily have high scores, like baseball or soccer.
In a “parlay”, a bettor makes a combination bet. Rather than making 5 different bets on 5 games, the bettor will simply make a single parlay bet.
the “spread” is used in sports where you can expect high scores, such as basketball and football. The point spread gives a team a few points’ advantage.
Volleyball is extremely competitive with serious money to be made through volleyball betting. Volleyball has been around for quite some time and over the years has become a very popular sport in some countries. Most betting action for this sport will take place during the FVIB World Championships, the Olympics and World League.
Volleyball Betting Types and Odds
Match Betting in Volleyball:
Individuals are betting on the outcome of a match. Depending on the sportsbook, this wager may use either a decimal or fractional system. The payouts will be better for the underdog.
Point Spread: With this type of wager, the winning volleyball team must beat the spread in order for the bet to pay out. The spread could be set at 45 and the team would have to beat that score for points.
Point Totals: This is a bet on how many points, total, will be scored between the two volleyball teams. Bettors aren’t betting on the outcome of the match but instead on how many points will be scored. This is an under/over bet.
Set Handicap: This wager is on the outcome of a particular set. These are offered at terms similar to match bets and are often listed in a decimal and fractional system.
Pinnacle Sports offer volleyball betting for the most popular domestic and International competitions, including:
Olympic Volleyball Betting:
The Summer Olympics is held every four years and is the pinnacle for national volleyball teams.
FVIB World Championships Betting:
The FIVB volleyball World Championship is an international men and women’s indoor volleyball tournament in which 24 teams compete at the finals to lift the competition that occurs every four years.
World League Volleyball Betting:
The World League is an international men’s volleyball competition. Since 1990 16 teams contest this annual tournament across five continents.
World Cup Volleyball Betting:
Both men and women compete in this international tournament, which acts as a qualifier for the summer Olympics.
Grand Prix Volleyball Betting:
The World Grand Prix is an annual international women’s competition, which is considered the women’s version of the Volleyball World league.
Domestic Volleyball Betting:
Pinnacle Sports offer a number of betting opportunities for domestic volleyball leagues across all continents.
Golf is one of the sports that won’t offer you an incredible amount of betting options, but those it offers are definitely very profitable . Golf features a few major events that are run throughout the year, such as The Masters, the US Open, the Open Championship, the PGA Championship, the British Open, and the Champions Tour.
Betting on winners and top three finishes is difficult. The first round of a golf tournament is made up of hundreds of players, so picking just one winner is more difficult.
A gambler’s insight, intuition about a player, and historical performances on similar courses can inform a golf bet, but the bet is much harder to win because of the size of the field.
Here are the things you should looking for when making your golf betting picks:
Players In Good Form
Confidence plays a role in all sports, but it is especially crucial in golf. If a player has been playing well recently, he won’t second-guess himself or over-analyze things as much as if he’s been struggling.
Players Whose Game Fits The Course
Rather than handicap the players, why not handicap the golf course. All courses are different, and some place an emphasis on different skills than others. Some might be long and favour the long hitters.
Players’ Previous Results At That Course
Just like certain courses can favour certain players, certain players might tend to score well at certain courses.
Players’ Previous Results At Similar Tournaments
Certain tournaments are bigger than others, particularly the majors. So if a player just won the Shell Houston Open, that doesn’t necessarily mean he’ll be a contender at the Masters the following week.
The game of golf is played in almost every part of the world now, with professional tours in almost every region. There’s the Asian, Australasian, Japan, Canadian and Sunshine Tour, but the main two to concentrate on are the European Tour, now rebranded as the Race to Dubai, and the US PGA Tour.
Betting on golf is like betting on any other sport. You read the odds, you make your pick, and you wait out the four-day tournament hoping your guy comes in.
The best time to make a golf bet is during one of the major golf tournaments. These major tournaments include:
Golf betting is a straightforward exercise. There’s not a lot of complicated betting options when you bet on golf, and while all sports betting contains some exotic or proposition bets, for the most part, betting on golf means one of three things:
Depending on which sportsbook you use, you may have other ways to bet on golf
Basic Money Line Odds
Here’s an example set of odds (using imaginary numbers). This represents the top of the field, as determined by handicappers:
These are basic money line odds. Let’s say you want to be on Tiger Woods as the outright winner — his “+150” line means for every $10 you wager you earn $15 if he wins. A wager on Ernie Els would pay off $70 for every $10 bet, etc.
The Field Bet
Means if any golfer other than the ones listed on the line wins the tournament, your ship has come in.
A “field” bet is generally a bad bet, not just because they seldom win, but also because your odds aren’t that valuable if you do win.
Head to Head Golf Betting
Head to head golf betting involves betting on who will finish better between two golfers. This can either be who will shoot the better round, or who will finish better in the tournament overall.
A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager.
The beauty of Parlay Betting is that it offers you a possible hedge. In other words, you don’t have to hit a 4-team parlay to be paid 5-1
The standard payoff from an online sportsbook for a two team parlay is 2.6 to 1. The true odds of this bet are 3 to 1.
Three team parlays pay 6 to 1 by the sportsbooks and have true odds of 7 to 1. The true odds represent the expected outcome if each bet in a parlay is a 50/50 proposition, and does not factor in the oddsmaker’s commission.
\example of a three team parlay:
Pittsburgh Steelers -3 -110
New Orleans Saints +4 -110
Saint Louis Rams +10 -110
For this example. All wagers must win for the bet to be graded as a winner, and if any of the three wagers lose, the bet is a loss.
If we risked $100 at +600 (6 to 1), and our bet won we would win exactly 595.79, which we can round up to 596. Though our wager is +600, we still have to pay juice on each of three bets, which accounts for the bookmaker’s commission.
If one our bets should push, the parlay would become a two-team parlay, and if two bets push, it would become a straight wager. This is a general rule for parlay betting, as pushing a bet in a parlay lowers the parlay odds by one game.
Most sports books payout on parlays are (assuming all games are at line of -110):
|2 team parlay||100||pays 260|
|3 team parlay||100||pay 600|
|4 team parlay||100||pays 1000|
The parlay odds at most Las Vegas sportsbooks are:
2 teams 2.6 to 1
3 teams 6-1
4 teams 10-1
5 teams 20-1
6 teams 40-1
7 teams 80-1
8 teams 150-1
If you are playing multiple parlays you have to spread them out and mix and match. It means if you lose a 4-team parlay because the game you were least sure of you need to hone those skills to stay away from those traps. And by including the lowest team in too many plays can wipe you out quicker than a roll of the dice, on the flip side the payout on a 3-team play with a good $ line dog can provide a big lift to your bankroll and that’s why players love the parlay itself.
If you are an avid parlay bettor, it is essential to find a book with the best parlay odds. In a lot of cases, odds may vary slightly from book to book, and while this difference may seem trivial, it makes an immense difference to your bottom line. Finding the best odds for parlay betting is crucial and will make a significant difference in your bankroll. Be sure to compare parlay odds from leading bookmakers, if parlays are a prominent part of your betting repertoire. Taking advantage of promotions and bonuses is also hugely beneficial.
Parlays are can be solid bets if used effectively
Reverse line movement is a sports betting strategy that is used by a lot of sports bettors, but people who are new to placing bets don’t really understand how it works
Reverse Line Movement takes place when a large majority of sports betting picks are on one team, yet the sports betting line moves in the opposite direction.
The first thing that you have to understand, is how regular betting lines work. Whenever you are placing a bet, there is always a favorite and an underdog. The favorite is indicated by the minus sign (-), while the underdog is indicated by the plus sign (+). These lines usually tend to shift by the percentage of people betting on both teams.
If the New York Yankees are playing the Red Sox at Yankee Stadium, and the opening line is -150 for The Yankees to win. After bettors have placed their bets, and 80% of the betting population picked the Yankees to win, the amount of action placed on the Yankees will force the line to move up to about -170. The reason behind the shift in the line, is to attract more people to take a risk on the Red Sox to win, because their payouts will increase if the Red Sox do win the game.
Once you identify that the public loves a certain side, we can start tracking the line movement. If the line moves toward the side that 70 percent of bettors are on, it’s as expected. Bookmakers are going to push the line up so they can induce some money on the other side.
When a line moves the opposite way of those 70-plus percent of tickets, we have a reverse line move. Take a step back and think about what is happening there. The books are getting flooded with action on Side A; everybody thinks Side A is going to cover. But the books are moving the line toward Side B. That should raise a red flag is up.
Why would a line move the opposite way of all the action? Even though tickets are coming in on Side A at a 70 percent or more clip, the money is actually coming in on Side B. A book may take a thousand $10 bets on Side A, but then they took one $50,000 bet on Side B from a bettor they know to be world-class. So even though the ticket count remains extremely lopsided, the money shows the books that they have to move the line away from what the public likes.
At Least 60% of Bets on Side, Reverse Line Move of at least 1 point
League W L P Pct Units
NFL 2008 173 119 3 59.2% 40.44
NFL 2007 155 130 9 54.4% 18.62
NCAAF 2008 253 185 6 57.8% 45.61
NCAAF 2007 227 156 4 59.3% 49.49
NBA 2008-9 161 119 3 57.5% 30.01
NBA 2007-8 221 182 6 54.8% 18.89
NCAAB 2008-9 220 153 11 59.0% 49.92
NCAAB 2007-8 272 203 11 57.3% 42.04
If you ever notice a reverse trend in the money line, it is in your best interest to place your bets on the underdog team that the sharp bettors are placing wagers on, because they are betting a lot of money on the underdogs, which means that they probably know something that you don’t.
How you manage your bankroll will have a significant impact on how well you financially survive streaks of bad luck or bad play, but it also affects how well you manage to keep the right focus in order to play at your best.
The goals of having good bankroll management are:
Bankroll Minimum Limits
|Poker Variant||Number of buy-ins|
|Cash Games||50 buy-ins|
|Multi table tournaments||150 buy-in|
|Sit and Go tournaments||100 buy-ins|
|Double or Nothing tournaments||50 buy-ins|
|Heads Up tournaments||50 buy-ins|
|18-man tournaments||90 buy-ins|
|45-man tournaments||100 buy-ins|
Here are some tips to help keep your bankroll in the black.
Avoid Betting Systems
Page after page of bad bankroll management advice exists, most of which suggests that gamblers should increase their bets when they’re winning and decrease them when they’re losing. These betting systems go by different names and some have slightly different features, but they’re all basically the same.
Bet the same amount for each play. “Chasing” or increasing bet size based on your last bet is not recommended. Over time, you may hear about various systems where you increase your bet size “knowing” that you are due to win sooner or later. In general, these systems don’t work.
Reason for Betting on Sports
How much your maximum bet is? The answer depends on your reason for placing sports bets. Different bettors are looking to accomplish different goals – some of us are just looking for cheap entertainment, while other gamblers bet on sports for a living.
You should think about the type of investor that you are. Are you aggressive or conservative? Are you experienced or a novice? The answers to these questions will help you to determine the size of your typical bet. This is called your “unit” size.
Keep Track of Your Bankroll
Online sportsbooks take pride in the tools they offer their customers. Bankroll management tools built into various online sportsbooks can be your best friend.
Bankroll management is an easy concept to learn but a difficult one to keep in practice.
When you are betting on sports you should always set aside a certain amount of money, which we refer to as your “bankroll”, in which you can afford to lose. Like with any type of gambling, you never want to bet betting on sports with money you cannot afford to lose.
Managing your bankroll is extremely important, and includes details like how much cash you can afford to lay down on each bet, how often and if you should vary the size of your bets, questions about whether or not you should hedge your bets, and basically every financial decision you make about your gambling dollar.
As a general rule, gambling experts advise that you never wager more than 2% of your total bankroll on any one play.
One of the biggest mistakes that most aspiring bettors make is ignoring bankroll management altogether. Even recreational gamblers should ideally have at least some plan for how to manage their money when betting. This is a necessity for anyone serious about making consistent profits.
Having a proper bankroll enables you to make more educated betting decisions. When a specific amount of money is set aside solely for betting purposes, that money becomes nothing more than a tool for betting. This is how you should view it. The focus should not be on how much you might win or lose per se, but rather on trying to make good selections for the right reasons. This is a lot easier to do when you’re practicing good bankroll management.
Betting too much can be a very damaging mistake, and yet it’s a very common one. Everyone has a finite amount of money, and losing too much of it through betting can lead to all kinds of problems. There’s always the possibility of losing your entire bankroll, but even those who can easily afford their losses can still be affected.
You absolutely shouldn’t chase losses either. This is another mistake that’s both damaging and sadly all too common. It would probably be fair to say that most gamblers have, at some point, chased their losses, and very few of them have done so with positive results. In fact, chasing losses almost always ends in disaster. Many gamblers learn this the hard way and choose to never do it again. Unfortunately, a lot of gamblers repeatedly make the same mistake, staking more and more money in an attempt to recoup losses.
Most online betting sites offer players the opportunity to bet on which team will win the World Series, NCAA National Championship, NBA Championship, Super Bowl, Stanley Cup, and other league championships. These betting options, known as future bets, open up for betting before the season begins and remain open right until the start of semi final play.
Unlike betting on a game via point spread or total, future markets have finality to their results. Pushes aren’t possible and gamblers will either lose their stake or profit.
While futures are normally bets on events to happen later in the year, they update throughout the season and postseason based on recent play. If there’s a key injury or a crushing loss or string of wins, the futures’ markets will respond. Depending on when you wager, your price on each team can be drastically different.
Each sports betting site offers unique odds on teams winning league championships, so odds vary from site to site. To get the best odds, it’s important to shop site to site.
Sports fans make most future bets interested in backing their favorite team or player over the course of the season. Professional players avoid this wagering option due to the massive juice built into lines.
Many betting sites offer future bets with a lot of juice built in, and they can get away with extra juice simply because most bettors don’t understand how to figure out how much juice is being charged nor can they determine the pricing without juice.
To gauge the future market it is important to break the odds down at each site no matter how poor one site’s odds appear. This is because perhaps you’re shopping odds at one site with 10 percent juice, another with 20 and another with 40. The site with 40% juice has poor odds for almost every team, so a novice gambler passes them up, where a sharp gambler at least looks to see what their lines are saying. That sharp bettor does the same thing we did here in removing the juice so he can use that later in his analysis.