Bankroll Bankroll Bankroll!

• Author: Ed
• Filed under: Tips
• Date: Jun 30,2008

What exactly is bankroll?  Today we’re going to talk about money management.  The critical skill that can be applied to any betting opportunity (casino / sports) which when used successfully will yield a sharp increase in profits.

Essentially money management is just that.  It is the ability to manage ones ‘bankroll’ as gamblers like to call it, and to know when to quit etc.  

So – today we’re going to look at some basic rules to help us in the long running.

Firstly – avoid the exotic bets – this means you are focusing on straight bets and flat bets only.  Why do exotic bets exist? Sure they are attractive, but chances are you can do exactly the same with multiple straight bets.  Exotic betting helps one person; the bookmaker!

So what is a flat bet?  – Flat betting means betting similar amounts every time you play.  Similar amounts mean more calculated losses and our profits which make it easier to forecast and predict what is going on.  So for example:

Team A) are the favourites – Bet £30 to win
Team B) not so favourite – You bet £10
Team C) the underdogs – You bet £5

So let’s just say that team B and team C have just won, because you weren’t using a flat betting strategy, you’ve lost potential profit from these two bets.  If you had increased your bets to £30 for each team while your risk is slightly higher, your profit is also considerably higher.   Obviously for this to work one has to win more games than you lose, but generally this is not difficult.  What is hard is sticking to your guns and playing it through!

Betting Strategies

• Author: Ed
• Filed under: Reviews
• Date: Jun 28,2008

The Martingale
The martingale system is one of the older more popular betting strategies. Invented in early 18th century France; this system involves doubling bets to cover previous losses. However, one continues to double his or her bet until reaching a stage when either A: a bet wins, and the bettor makes a slight profit, or B: he runs out of money. Given the way the Martingale works, B, is often the deciding factor.

The Labouchere

Much like the Martingale system, this is another progression-based gambling system that involves increasing bets in order to cover previous loss. However; this system works slightly differently due to the fact that one first works out a series of numbers known as his “staking pattern” and then uses this staking pattern to place his bets. It’s quite complicated to explain, so we’ll leave this for another time.

D’Alembert
Another progression-based system, the D’Alembert is based on winning streaks, rather than losing streaks. As a result, after each win, you increase your betting amount by one unit, and after each loss, one must decrease his stake by one unit. Quite simple, and known to be effective for some, this is another very-old strategy; however as you can see it is reliant on winning-streaks so if these are not very likely in your field of application – neither are your winnings.

The systems above would be described as ‘progression’ based systems. Many successfully apply them to all sorts of sports-betting as well as casino betting. However, with any sports betting system, one must always remember to set a stop-loss and a take-profit. As on their own, none of these systems will work indefinitely, because if you use them long enough the law of odds will change and you’ll be a victim of another law. Murphy’s!

We will talk more on Betting strategies next time, so stay tuned.

Continued..

• Author: Ed
• Filed under: Tips
• Date: Jun 21,2008

Following on from the previous post on sports betting terminology we’re going to go one step further today and take a look at some written terminology today in order to help us understand the ‘jargon’ a bit further.

Sports betting can be like a science with very complex literal notation to describe games and other events.  However, with a bit of practice it is easy to decode and start using it to your advantage.

Lets start by taking a look at odds.  They are a nightmare for many people, but they are actually really easy to figure out.

With every bookmaker there are always a number of betting types available, but what you need to be aware of are odds.

Many people over calculate the odds – but its very very simple.  Base it on this working -

If odds are 8/5 then for every £5 you will get $8 back.  so if you have a bet of £15 you will get – £24 back. 

If odds are ‘even’ and you wager, £5 – you will get £5 back + £5

Odds on: if your odds are 1/2 you wager £1 and get £0.50 back

Basically in ‘modern terminology a 1/1 bet returns 200% i.e £1 + £1 a 2/1 returns 300% your initial bet + 200 % profit.  if you bet a 1/2 you get 150% (100% plus 50%).

Odds are a trouble for many people. Don’t get confused at the race track or at the bookmakers. It is important to be able to calculate your winnings so that you can have strong gaming sessions. Another handy hint – Many mobile phones now have calculators. Don’t be afraid to use them.

Enjoy your next betting event.

Sports Betting Terminology

• Author: Ed
• Filed under: General
• Date: Jun 19,2008

Sports betting really can be a confusing hobby to get into, there are lots of phrases and they can be alien at first. To help new players understand, here is a small glossary to help them out.

For all you people who are new to sports betting , here is a little informative guide about the popular terms.

Bankroll
The amount of money you have set aside for gambling.
Favourite
The most likely player, team or horse to win.
Edge
If he has an ‘edge’ then that is the same as an advantage.
Exotic Bet
Any form of bet other than parlay or straight.
Exposure.
The amount the house stands to lose on a game.
Form.
The expected performance or the teams ‘form’. If a team is on good ‘form’ they are performing well.
Hedge Bet.
Betting against your primary bet. i.e. a bet that your team will win, as well as a bet they will lose in order to reduce risk.
Hot Tip.
Very valuable. If you get one, let us know!
Overlay
When the odds are in your favour, not the bookies
Parlay = a Bet which is placed with two or more teams, requiring all of them to win for the bet to be a success.
Player
YOU!
Round Robin
A number of parlays, i.e. a three team RR is basically one three team parlay, and three two team parlays.
Scalping
Trying to profit from the differences in odds from bookmaker to bookmaker, making money by betting the game from multiple bookies.
Straight Bet
A bet just on one single team.
If you find this useful please feel free to make a comment, and always, if you have any questions, please let us know and we will do our best to try and help you out.

Horse Racing

• Author: Ed
• Filed under: General
• Date: Jun 17,2008

Horse Racing is most probably one of the most popular sports betting activities within the United Kingdom. Given the UK’s professional bookmakers and online sports betting website’s betting the horses has never been easier.

However, to become an established sports-better you need to learn a lot about how the sport works, as it is one of the hardest if not the hardest to be successful in. Good horse betting is trying to know all you can about the horses, the trainers, and the jockeys then making an informed decision.

Many sports betting website’s offer a variety of betting styles not limited to the following “Win – Show _ place – Daily Doubles – Exactas – Trifectas – Superfectas – Pick 3 – 6’s” it all looks rather intimidating doesn’t it? but this perhaps shows how complicated the field of horse racing is and that you must be aware sports betting on the horses is all about experience.

Advantages

The main advantage of sports betting on horses, is the amount of events they have – there are a number more horse racing events than other competitions, so the chance to bet is higher. This provides an increased way to make money, but it also provides increased risk. Be aware of this, and operate a system with good stop-loss to ensure that you know when to quit. Any loss can be recovered if you run a strong system, and your stop-loss is set appropriately.

Right now – a-lot of people are trying to use horse betting systems, Martingale is an example. But from a professional standpoint we need to tell you they simply don’t work. The best way to win at the races, is from a good tip and a clever bet. Random chance and doubling stake does not work every time with horse races, and you may find yourself in a-lot of debt.

Over the next few months we’ll take a look at some more sports, such as football, and NFL and write about their strengths and their weaknesses when it comes to sports betting.