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Are
you a newbie in sports betting?
Then
this website is for you. We all were newbies in sports betting once
and we all made mistakes. Unfortunately, In sports betting you have
to pay for your mistakes and that's the main difference say between
sports betting and chess. It is even said, that without losing,
a $1000 you won't become a good bettor. We have specifically desighned
our website to assist you in the starting period and making your
first bet, thus hopefully preparing you to all the hardships and
surprises of the world of sports betting.
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Sports betting entails the of predicting sports
results by making a wager on the outcome of a sporting event. Perhaps
more so than other forms of gambling, the legality and general acceptance
of sports betting varies from nation to nation. In North America,
for example, sports gambling is generally forbidden, while in many
European nations, bookmaking (the profession of accepting sports
wagers) is regarded as an honorable occupation and, while highly
regulated, is not criminalized. Proponents of legalized sports betting
generally regard it as a hobby for sports fans that increases their
interest in particular sporting events, thus benefiting the leagues,
teams and players they bet on through higher attendances and television
audiences. Opponents fear that, over and above the general ramifications
of gambling, it threatens the integrity of amateur and professional
sport, the history of which includes numerous attempts by sports
gamblers to fix matches, although proponents counter that legitimate
bookmakers will invariably fight corruption just as fiercely as
governing bodies and law enforcement do.
Types
of bets
Aside from simple wagers--betting a friend that
one's favorite baseball team will win its division, for instance,
or buying a football "square" for the Super Bowl--sports
betting is commonly done through a bookmaker. Legal sports bookmakers
exist throughout the world (perhaps most notably in Las Vegas).
In areas where sports betting is illegal, bettors usually make their
sports wagers with illicit bookmakers (known colloquially as "bookies")
and on the Internet, where thousands of online bookmakers accept
wagers on sporting events around the world. (In the United States,
the legality of Internet wagering is ambiguous, due to the fact
that online bookmakers generally operate outside of the U.S.
Many
online bookmakers do not accept wagers from the U.S. due to these
unresolved legal questions.) The bookmaker earns a commission or
"vigorish" by regarding the money at risk as less than
the size of the bet placed. A common line is a $110 bet on a fair
coin which pays $210 to win and $0 to lose. On this line, it costs
$220 to bet both sides of the same coin simultaneously, but the
combined bet always pays $210. The $10 loss constitutes the vig.
There are opposing positions on whether the winner or loser can
be construed as paying the vig, but this debate is not especially
meaningful. If you view $110 to win $210 on a fair coin as $100
at risk, then it will appear as if the loser pays the vig; if you
view the same line as $110 at risk, then it will appear as if the
winner pays the vig. It happens that standard practice among bookies
is to adjust odds so the amount at risk remains constant from the
winning side of the proposition, hence the common perception that
the loser pays the vig. Vigs expressed as percentages suffer from
the same perceptual bias. On the line as given in this example,
for a fair coin, the bookie has an expectation of making $5 for
each $110 bet placed, which is often divided out and expressed as
4.5% Odds on teams or opponents are quoted in terms of the favorite
(the team that is expected to win, thus requiring a riskier wager)
and the underdog.
Bookmakers
generally offer two types of wagers on the winner of a sporting
event: a straight-up or money line bet, or a point spread wager.
Moneylines and straight-up prices are used to set odds on sports
such as soccer, baseball and hockey (the scoring nature of which
renders point spreads impractical) as well as individual vs. individual
matches, like boxing. For these sports, bookmakers in Europe and
Asia generally use straight-up odds, which are quoted based on a
payout for a single bet unit; for example, a 2-1 favorite would
be listed at a price of 1.50, whereas an underdog returning twice
the amount wagered would be listed at a price of 3.00.
American
bookmakers generally use moneylines, which are quoted in terms of
the amount required to win $100 on a favorite, or the amount paid
for a $100 bet on an underdog. The amount "won" in a bet
is the net amount over and above the initial bet. If a person wins
$200 on a bet of $100, the bookmaker actually pays the winner $300
(i.e. $200 plus the initial bet of $100).
What
should one begin with to become a master?
We
suggest the following way:
1.
Studying the rules of sports betting with a bookmaker.
This includes learning the basic betting terms, types of bets etc.
2.
Reading articles in magazines and newspapers
This will help you to learn lots of tricks and peculiarities of
sports betting.
3.
Developing your own betting strategy.
This concerns both betting strategy and money management.
4.
Testing your strategy “on the paper”.
You needn't necessarily risk your money to understand if you are
a good bettor. Betting on the paper is quite enough. And though
a success here is not even half of the whole thing, without this
stage you shouldn't even think of real betting.
5.
Selecting bookmakers.
Bookmaker reviews include information on their reliability, main
advantages and disadvantages and more. We recommend familiarizing
with them before depositing money to your betting account.
6.
Selecting software for sports statistics analysis.
Intro
to Betting from Farid Karimov's book "Sports Betting Explained"
98% of bettors are losing money in the long run while bookmakers
get more and more money every year. Is it all that bad and is it
better not even to start betting? Not at all. These words should
cheer you up, and now I'll tell you why.
Huge
part of these 98% sports bettors don't even have such an aim to
win regularly. They bet on what will be shown on
TV, they bet to get excited or just because they want to boast.
Another
huge part of those who are losing in sports betting, though want
to profit regularly, have only superficial if any notion of what's
written in this book. They are venturesome, impulsive and trustful.
They are doomed.
All
this means that it's not that difficult to get into 2% of those
who win regularly. One only should take it seriously, should understand
that there's no easy money in sports betting and that one should
make some effort before one starts winning.
What
you should start with is not studying types of wagers, money management
or betting strategies. First of all you should get ready psychologically.
You should understand, that there's hard work during a substantial
period of time ahead.
Always
keep your cool. Very successful bettors have losing streaks, but
it doesn't make them revise their way of match analysis or their
financial strategy. They know very well that sooner or later and
that a losing betting streak will be followed by a winning one.
We
would also like to mention a point, connected with psychology in
betting. Many people, having made a wager, start to worry, regret
of the made decision. First of all you should understand, that all
these worries won't change anything. Though, no... they will change
much actually - you'll get insomnia, become more aggressive and
nervous. In the end this may not only ruin your sports bettor's
career, but even your private life too.
Think
of the bet only before you bet money. After that, it makes no sense
thinking of it.
We
don't say that you shouldn't analyze your past bets, we only speaking
about excessive worries for the outcome of the bet.
Another common wager available for sporting events involves predicting
the combined total score between the competing teams in a game.
Such wagers are known as "totals" or "over/unders."
For example, the Oklahoma/Kansas football game described above might
have a total of 55 points. A bettor could wager that both teams
will combine for over 55 points, and play the "over."
Or, she could predict that the score will fall under this amount,
and play the "under." As with point spreads, bookmakers
frequently set the totals at a number involving a half-point (i.e.,
55.5), to reduce the occurrence of pushes.
In
the United Kingdom, each-way golf betting is serviced by twenty
or more bookmakers, some of which, including the larger UK and Irish
bookmakers, bet in running. Before the tournament starts, bookies
pay out on a quarter for the first five places, but the each way
terms lesson throughout each and every five day tournament, with
win-only markets usually available during the final round. Dead
heats pay out a proportion of the win or each-way return.
Many
bookmakers offer several alternative bets, including the following:
Proposition
bets: These are wagers made on a very specific outcome
of a match. Examples include guessing the number of goals each team
scores in a soccer match, betting whether a wide receiver in a football
game will net more or less than a set amount of total yardage, or
wagering that a baseball player on one team will accumulate more
hits than another player on the opposing team.
Parlays: A parlay involves multiple bets (usually
up to 12) and rewards successful bettors with a large payout. For
example, a bettor could include four different wagers in a four-team
parlay, whereby he is wagering that all four bets will win. If any
of the four bets fails to cover, the bettor loses the parlay, but
if all four bets win, the bettor receives a substantially higher
payout (usually 10-1 in the case of a four-teamer) than if he made
the four wagers separately.
Run line, puck line or goal line bets: These are
wagers offered as alternatives to straight-up/moneyline prices in
baseball, hockey or soccer, respectively. These bets feature a fixed
point spread that offers a higher payout for the favorite and a
lower one for the underdog. For example, the above-described Cardinals/Cubs
baseball game might offer a run line of St. Louis -1.5 (+100) and
Chicago +1.5 (-120). A bettor taking St. Louis on the run line can
avoid risking $200 to win $100 on the moneyline, but will collect
only if the Cardinals win by 2 runs or more. Similarly, a run line
wager on the Cubs will pay if Chicago loses by no more than a run,
but it requires the bettor to risk $120 to win $100.
Future wagers: This bet predicts a future accomplishment
by a team or player. One example is a bet that a certain NFL team
will win the Super Bowl for the upcoming season. Odds for such a
bet generally are expressed in a ratio of units paid to unit wagered.
The team wagered upon might be 50-1 to win the Super Bowl, which
means that the bet will pay 50 times the amount wagered if the team
does so.
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