Moving Forward

• Author: Ed
• Filed under: General
• Date: Jul 6,2008

We’ve had a look at a lot of off-line betting tips, but we must admit the focus of this online blog is about keeping things digital, after all this is the Internet, and we are in a digital era.

Our goal is to do everything from our computer, and Why ?

If we "work" from our computer, sports betting actually gets a hell of a lot easier.  Think about it, and you’ll agree

RSS Feeds - If you don’t know what RSS feeds are; then prepare to be ashamed.  They really are the poster child of the new Internet era known as web2.0.  What an RSS feed basically is, is a mini-website that has only the content you want on it.  You need a few things to start.  The first is an RSS reader, if you use the popular Firefox browser, you can download a plugin for it from their website.  Alternatively do a quick Google.  The second thing you will need is an RSS friendly website.  Nowadays they aren’t hard to find.  Even the BBC is RSS friendly nowadays, so I’m sure your favourite bookie is also. 

When you "subscribe" to a feed as it’s known in the biz, you’re basically asking your reader to store the web-site address and to visit it whenever it gets updated.  This saves you having to go to the site, and as a result saves much needed time, as the RSS reader tells you when there is an update available.

Live streaming media - Another star-child from web2.0 live streaming media is all about online video, sound and commentary.  This is actually one of my favourite features.  I can watch a race as it happens in another country.  These days most bookmakers have some sort of streaming service set-up.  Don’t necessarily rely on it for ’speed’ but it is generally great to keep track of things.  Broadband only I’m afraid.

Statistical Software - Excel goes by many functions, and it makes a very good planner as well.  This popular tool from Microsoft lets you do almost anything you could imagine with figures.  You can create charts, formulas, you name it.  The perfect tool for creating systems and recording your history.

Online Betting Communities - No man is an island.  We all need advice now and again, and when we’re not going down to the local bookmakers, we are loosing out on valuable inside information from other punters.  The Internet’s alternative has to be what is known as a forum.  This is an online community where you can chat and communicate.  Take a Google for "Sports Betting Forums" to find out more.

That just about rounds it up for today.  Can you think of any more? Leave us a comment if you can!

Following on

• Author: Ed
• Filed under: General
• Date: Jul 4,2008

Following on from our post the earlier day, today we are going to start talking about the other kinds of betting systems that are available.

We’ve looked at flat betting and why it is attractive -

Today we are going to take a look at variable bet sizes, and why or why not to use them. This is a popular betting strategy with horse racing but it can be applied for any sport if you know how to change the parameters. Today we give a brief synopsis and in the following week or two we will outline the details.

Take a look at this rule below.

Optimum bet size consists of three things.
1. Your Bankroll
2. The Chances of Winning
3. The Odds at which you will be betting.

This is essentially the formula behind variable betting.  You work out the bankroll, how much you can afford to wager, your experience and knowledge of the sporting event works out your likely chance to win, and the bookmaker tells you the odds he will give you to win - so with that information you can work out how much you need to bet to reach your target profit.

What is the biggest problem with this system?
Rule number 2 - Unless you can statistically analyse how your team or your player is performing and calculate it like this to give you an unbiased win - we are no-doubt unconscionably going to favour our team and give us inaccurate results.

So - there lies the problem with variable bet sizing.  It is dependent on our knowledge of the game, and our ability to be honest with ourselves. 

This is essentially it. 

Next time we take a look at a variable betting system that is apparently documented to work.  We’re going to review it and let you guys test it for free.

So come back soon, and remember and let us hear your comments!

Money Management Continued…

• Author: Ed
• Filed under: Tips
• Date: Jul 2,2008

The other day we were talking about flat betting.  I hope you all understand now the benefits of avoiding exotics and focusing on a solid betting system based on likely winners.  Today we’re going to continue on the topic and talk about bankroll some more, but we are going to be speaking about determining appropriate bet size.

Determining an appropriate bet size is crucial in gambling because it lets you make every bet profitable; even if your last one wasn’t.  It does not mean using a martingale system but it means betting enough to maximize your winnings, whilst not risking your bankroll.  Let’s face it, sometimes we have bad runs of luck.  If we have a good betting system, these runs are minimized. 

As a general rule; larger bettors like to limit their exposed bankroll to a figure like 2% - 3%.  This is great if you have £20k to invest in gambling; but if you have £100 what do you do?  Ideally you can stick with this rule, but it is not much fun.  Increase the risk, and change up to 5% - 7%  of exposed bankroll per bet.    Why? because it’s a smaller amount, and if you are winning small bucks, it is not very gratifying. So increase the risk to see a faster return and it will become more personally gratifying if you stick by your rules, and work your system. 
What to wager?  I mentioned above £100 in your pot that is in my personal opinion far too low to operate a longer term strategy for two reasons.  You can’t sustain losses for long; and profits are not so great.  If you’re testing the waters by all means, but try and put an amount in your bankroll that you can realistically profit from. REMEMBER:  You should never risk money you depend on.  Separate gambling into a segment of your income and treat it as a hobby.  If you need food to eat, do not put it in your gambling fund.  Got a spare $10? Put it in there, and keep that money for gambling.  Too many people blur the lines and this is when big problems happen.  Remember and be realistic and pragmatic as your money in gambling needs to be disposable.

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.

Online Sports Betting

• Author: admin
• Filed under: General
• Date: Jun 16,2008

Online sport betting is a game of skill. For that reason online sport betting is big business all over the world. Sport betting is a popular past-time all over the world; in fact it is deeply rooted in the culture of almost all societies. Sport betting is the art of predicting sports results by placing a wager or bet on the outcome of the particular sporting event. Sport betting is competitive not only for the bettors but also for the sports books, so look around for the one that offers the type of bets that you are interested in betting on.

Betting On Sports

Sport betting is the general activity of forcasting sports results by placing a bet on the outcome of a sporting event. Perhaps more so than other forms of gambling, the general acceptance and legality of sports betting differs from nation to nation. Proponents of legalized sports betting usually regard it as a hobby for sports fans that increases their interest in individual sporting events, thus benefiting the teams,leagues and players they place bets on through increased attendances and television audiences. There are professional sports bettors that make a good return on investment by betting on sports. Apart from simple wagers, betting a friend that one’s favourite sports team will win its division, for instance, or buying a football “square” for the Super Bowl, sports betting is usually done through a bookmaker. Bookmaker shops that cater towards professionals usually have higher (or no) upper betting limits and offer lower vigorish, while making some of the money back on fees for withdrawals or minimum bets.

The Sport Of Laundering

Sports are part of our lives just as betting is a part of sports. Sports betting can be lots fun. Sport betting online has become more and more popular through the years. Historically, sport betting has been connected with a number of unsavoury characters, which has a lot to do with its desultory legal treatment throughout the world. Organized crime notoriously has relied upon sports betting for money laundering or funding purposes. However the general perception of sports betting is now one of a common and tolerable pass time in most societies.

Online Sports Wagering

Online sport betting provides you with numerous different alternatives because online sports books are in competition with one another. Online sports books are very safe, very friendly, and very efficient. Online sport betting has made it possible for anyone to take advantage of the great incentives offered by a lot of the online sports book providers. The most important question, before you start with online sports betting is how to decide which online bookmaker to choose. Making the correct choice when you select a bookmaker to bet with is an essential step for successful online betting.

In summary sports betting is as old as the sports themselves. Online betting, particularly sport betting is very popular and continues to become more popular each year. Online sport betting is estimated to be 5 times bigger than Las Vegas sports betting. Sports Betting is pretty simple, all you have to do is learn the ropes. Sport betting is simple to do and if you like following sports anyway, it could add to the fun of supporting your preferred team.