How to win at Sports Betting

October 9th, 2013 admin Gambling 0

Winning money over the long haul when betting on sports is notoriously difficult. If people won all of the time, Vegas would have a lot fewer mega hotel/casinos being built. There would be a lot fewer “experts” that would tell you how to bet. You wouldn’t need help from blogs like this.

In short, sports betting is difficult because it is so unpredictable. Sure, some people may get 9 out of 10 picks correct; but I could also flip heads on a coin 9 out of 10 times as well. When it comes to the spread, the sportsbooks have all of the same information that you and the experts are using to make their line.

So, how are you supposed to get an edge? How do you hit that magical 60% winning percentage that will start to make you money over time?

There are a couple of basic tips and some keys to achieving this type of success. Here are some things that you can do to help yourself.

Spread vs Money Line

The spread is more of a 50/50 type of proposition. The money line is more accurately described as risk vs reward. You have to ask yourself what you are looking to do with your bet.

Money Line Bets

The money line can make you money when you pick the easy winner 9 out of 10 times. However, if you bet a lot of money on a heavy favorite, it only takes one bad bet to cripple you. Let’s say that you bet on a team which is -500 ($500 to win $100) on the money line. You may win that bet 5 straight times and lose once.

While it may seem like you break even in these cases, it won’t feel like it psychologically. You will be more inclined to make more risky bets to make up for this unexpected loss.

On the other hand, you may want to bet on an underdog to win straight up. Unless you have some kind of clairvoyance or know something specifically that makes a large upset likely, you should avoid making any kind of significant bet (more than 1% of your bankroll) on a team that is +400 ($100 to win $400) or more.

It might feel good to predict that one upset and win a lot of money; but how often are you going to lose before you get that one? If it is more than 3 times, you should just avoid those types of bets altogether.

You should only be betting on the money line if the favorite is -350 or less or if the underdog is +300 or less. Otherwise, you should bet on the spread or don’t bet at all.

Spread Bets

Picking the winners against the spread is more difficult than picking the winner straight up in many cases. However, you don’t stand to lose as much when you get a pick wrong. You can make the losings up easily by getting the next prediction correct.

Any spread bet is more or less a coin flip 4 out of 5 times. There is the occasional game that stands out where the spread does not make sense. More often than not, you can get an edge by finding these matchups. This isn’t as easy as it sounds. You have to take advantage of situations as they arise.

Picking the Correct Team

Statistical matchups, trends, injuries, historical records, weather and good fortune all play a part.

The statistical matchups that you want to look for are one team’s strengths matched up against another team’s weakness. This can be team statistics or individual matchups where there is a clear advantage one way or another. In football, examples would be a team with a good running game vs a team with poor run defense, or a great passing attack against a poor secondary.

Trends would include how the teams have done statistically over the previous sample of games played. Other trends could be how a team has done against comparable teams in the recent past.

The major injuries or inactive players will change the dynamics of the game. Let’s take a look at last week’s game between the Detroit Lions and the Green Bay Packers. Calvin Johnson was declared out for the game on Friday. This was a clear sign that Detroit was going to lose on the road, which they did. Usually, injuries aren’t this clear cut; but when teams are decimated on the offensive or defensive lines, this can lead to blowouts when the matchup is right.

Historical trends tend to hold up over time. You can’t use this as the sole indicator of which team will win. But, it can be a big pointer in the right direction if other factors line up.

Bad weather in sports that are played outdoors leads to poor offensive performances. Games that might have been a blowout will be much closer. A TD lead in football can sometimes be insurmountable in games with driving rain, gusting winds, or in the blistering cold.

Some teams receive good fortune throughout the season and some teams will always find a way to lose when the situation presents itself. This is one of the trends that are often overlooked. Since we are picking on the Detroit Lions, lets take a look at how they played last year. They finished 4-12 and lost 8 straight games to end the season. They found a different way to lose all of the close games.

Don’t Get Frustrated When You Lose

It’s easy to get upset when you lose 3 or 4 bets in a row. You just need to accept that no matter how well you research and no matter how confident you are that you will have losing streaks. You just need to make sure that these losing streaks don’t get the best of you.

The easiest way to go broke is to throw good money after bad. This means placing a wager that is way to high in order to make up for your losings. Best case scenario: you win and get back to even, which leads to you placing risky wagers again when you are down. Worst case scenario: you get into a downward spiral until the losings are too much to recover from. You either have to stop or much worse will happen.

Being disciplined is the key to limiting your losses. Stick within your betting limits. If you have $1000, don’t bet more than $50 per game; otherwise a losing streak will wipe you out. If you lose more than $200 in a day, stop wagering for the day and reorganize yourself for another day. Do more research and try again with a clear head.

Gambling on the NFL

September 4th, 2013 admin Gambling 0

The start of the NFL regular season is tomorrow. It’s time to get back online and check out how the accounts on your bookmakers! The summer isn’t officially over, but the vacation season has come and gone. Let’s get you caught up on the first week of NFL action.

I’ve already explained this before, but I’ll do a quick recap for the new sports gamblers out there. There are three basic types of bets that you can make on an NFL game: Point Spread, Money Line and Total Points. The point spread is a bet placed on one team or the other; one will be an underdog and one will be the favorite. Betting on either team will cost roughly the same amount of money.

If you see a (-110) next to the two teams, there is about an equal number of bets on each side. This mean you will have to wager $110 to win $100 on either team. Any variation from this means that there is an unequal amount of betting on one team. The most that this will change is (-125) and (+105) before the point spread changes by a half point.

The moneyline is a bet that is place on one team to win the game. It doesn’t matter which team is favored, so betting on one team might cost more to win the same amount if they are the favorite. The total points is an over/under bet on the number of points the two teams will score combined for that game.

If you are going to bet on a game, make sure that you the sportsbook that offers the best line for that game. If you are betting on the favorite, you want the spread to be as close to 0 as possible. If you are betting on the underdog, you want the spread to be as far away from 0 as possible. This is called line shopping and you can learn more about this at NflBettingLines.org.

gamble on the nfl Gambling on the NFL

Week 1 Predictions

The first game is between the Super Bowl champion Baltimore Ravens and the Denver Broncos in Mile High Stadium. The game isn’t being played in Baltimore because of a scheduling conflict with the Baltimore Orioles that couldn’t get resolved. Denver lost to Baltimore in the playoffs last season in 2OT. They are considered heavy favorites over the Ravens.

This game has already had a lot of action. The line opened up at 8.5 points. It went up to 9.0 points before it dropped like a rock back down to 7.5 points. I wouldn’t be surprised to see this line drop further to 6.5 points since more than half of the bets are currently on Baltimore to beat the spread. You can check out the live lines for these NFL games here.

Baltimore at Denver (-7.5) – Final Score Denver 27-21
New England (-9.5) at Buffalo – Final Score New England 38-13
Tennessee at Pittsburgh (-7) – Final Score Pittsburgh 17-13
Atlanta at New Orleans (-3) – Final Score New Orleans 35-31
Tampa Bay (-3.5) at New York Jets – Final Score Tampa Bay 20-16
Kansas City (-3.5) at Jacksonville – Final Score Jacksonville 23-21
Cincinnati at Chicago (-3) – Final Score Chicago 24-17
Miami at Cleveland (-1) – Final Score Miami 20-14
Seattle (-3) at Carolina – Final Score Carolina 27-24
Minnesota at Detroit (-5.5) – Final Score Detroit 28-24
Oakland at Indianapolis (-9) – Final Score Indianapolis 30-16
Arizona at St Louis (-4.5) – Final Score Arizona 20-18
Green Bay at San Francisco (-4.5) – Final Score San Francisco 30-28
New York Giants at Dallas (-3.5) – Final Score Dallas 33-31
Philadelphia at Washington (-3) – Final Score Washington 24-21
Houston (-3.5) at San Diego – Final Score Houston 27-17

There are a few games that jump out at me right away. I give Buffalo very little chance of keeping New England within 10 points. I give Oakland even less of a chance of keeping Indy with 10 on the road. Pittsburgh doesn’t have the offense to beat Tennessee by more than a TD. San Diego is rebuilding and is very short on wide receivers; they won’t be within a TD of Houston.

On the other side, I’m going to refute some “easy” picks that people are making. Everyone is betting on Tampa Bay to beat the Jets handily. However, the Bucs haven’t been that good on offense recently and the Jets still have a decent defense. This shouldn’t be enough for the Jets to win because of their awful offense, but they might cover at home.

About 90% of the bets are on Kansas City to win on the road against Jacksonville. They haven’t improved that much to deserve that type of respect no matter how bad Jacksonville is going to be this year.

This could be a trap game for Seattle, which is weird to say first game into the season. They have to travel to the East Coast to play an early game which often gives the Seahawks problems. Their defense isn’t nearly as good on the road, either.

Detroit has done nothing to earn a 5.5 favorite against the Vikings. These two always play closer than a TD and usually closer than a FG. Look for Adrian Peterson to start the season hot.

Parlays and Round Robins

April 15th, 2013 admin Gambling 0

Parlay Betting

We all know that betting parlays is a big part of sports wagering but blackjack, craps, and other table game players engage in the same method.

A parlay means:

  1. Making a bet
  2. If it wins, letting the original bet, plus the profits, ride on the next hand.

Suppose you’re at a blackjack table and slide a $5 chip on the lay-out. You win and the dealer pays you $5, giving you $10 in front of you. If you let the whole $10 ride, it is called a parlay, you 11 laying everything onto the next decision.

Here are the nays and yeas of parlays:

  1. Your total risk is only $5, while the potential profit is $15
  2. The odds against winning two even propositions in a row are 3-1 against you
  3. With a parlay, you could win a hand, lose a hand, play the house even, and end up minus the initial bet.

I can’t knock the parlay because I realize many people have small bankrolls and this type of wager allows them to triple the amount of their initial bet (see number 1 above).

But number 3 makes a good point on the other side: You play a 50-50 game and win just as many hands as the house, lose the same amount as the house and end up losing your initial wager.

It is up to each individual to examine the plus-and-minus aspects of the parlay. That’s why my regression system is a smarter move from a standpoint of needing only one win to show a profit.

The drawback on regression is betting higher on the first wager. It comes down to whether you want to cut the chance of losing more on a possible first loss, or making sure you have profit while playing the house even.

In sports, parlays are a way of life and I play them myself when on a losing streak for the purpose I gave you: small risk for better return. I go for the three-team parlays where pick ’em situations pay 13-5. A two-team $25 parlay pays $65 and a three-team $25 parlay pays 6-1.

My risk is $25 and potential profit is $150. A $100 three team parlay pays the same 6-1, so I stand to win $600 if all three win for a $100 risk.

Obviously, those of you who have read my “Sports Handicapping” book know that I never reach that third bet in any jeopardy. That third bet of the three-team parlay is always on another day or in a later time zone than the first two.

This way, when I get to the point of that potential $600 profit, I go back and hedge off with a teaser bet or round robin bet on the opposite of the choice for that third bet. This will be discussed in depth when we apply my methods to each separate gambling game, and sports is the topic.

For now, I’ve explained the parlay. I use it myself, so I can’t condemn it.

But the round robin or regression is superior if you play a conservative pattern. The parlay is the move if you have a short bankroll. Keep in mind the hedge on the back end of the three-team parlay.

You can learn more about Parlays here

Round Robins

Even though this bet is reserved for sports bettors, I may as well go over it now, because it has to do with parlays. I bet round robins every day.

They give me a series of parlays, while putting me in a position where I don’t have to pick all games correctly in order to save my initial bet.

A round robin consists of 3, 4, 5, or 6 bets, all parlayed with each other, but I’m jumping way ahead of myself. Let’s start with a three-team round robin on the following teams:

  1. Green Bay -7 at Tampa
  2. Bears at Jets -8
  3. Miami -3 at Seattle

You decide to bet these three games and pick Tampa +7, Jets -8, and Seattle +3. You decide on a $20 round robin with each of these choices. We’ll call Tampa (a); Jets (b); and Seattle (c).

You call your favorite bookie and say: “Rocky, this is Mountain, give me a $20 round robin on Tampa, Jets, and Seattle.”
You have told him you wanna $20 parlay on all three teams with each other: (a) and (b) for $20, (a) and (c) for $20 and (b) and (C) for $20.

Since the payoff on parlays is $13 to $5, a twenty-dollar parlay nays $52. Well, you have three $20 parlays criss-crossed into a round robin. Here’s what could happen:

  1. All three teams win: You win three parlays at $52 each for a total of $156
  2. All three teams lose: You lose three $20 parlays for a total loss of $60
  3. Two teams win; we’ll say (b) and (c). You win $52 on that parlay and lose $20 each on your (a) and (b) parlay and your (a) and (c) parlay for a total win of $12
  4. Both (a) and (b) lose: You lose all three parlays of (a) and (b), (a) and (c), and (b) and (c) for a total loss of $60

The good thing about round robins is that in this case you are risking $60 to win $152. That’s if all three teams win. However, even if you only picked two right out of three, you still end up with a $12 profit.

You lost two $20 parlays and won a $20 parlay that paid $13 for every $5 wagered. You still ended with a profit. In a straight parlay, you must win all three. In the case of a $20 three-team parlay, you risk $20 to win $120 (6-1). Risk is low, but picking three winners is tough.

If you bet ten times (i.e., 10 x $5) or flat bets of $55 to win $50, you win $150 if all three win but lose $165 if all three lose. The risk is great but the good thing about flat betting is that if you pick one right out of three, you only lose $60.

With flat betting, two out of three gives you a $45 profit. I’d rather risk only $60 on a $20 round robin for a potential $156 profit or a $12 profit for two wins then go flat betting.

Flat betting gives me $150 for three wins and $45 for two, but costs me $165 for three losses, almost three times that of a wash in a round robin.

Go over these three types of betting and see which ones you take. Take into consideration the potential win versus the potential loss.

  1. Parlays have largest win potential, but you gotta win all three, although the potential loss is the lowest.
  2. Flat betting has by far the largest loss potential but two wins still gives you decent payoff and one win is not devastating.
  3. Round robins allow you a nice payoff, about the same as flat betting, while keeping potential losses low. Two out of three wins is a little better than breaking even.

You pick what you like because these all have merit. I lean toward the round robin on a regular basis and the three-team parlay when I wanna make a small investment for a 6-1 payoff.

You are not wrong in whatever you choose. Let your bankroll decide. The higher the bankroll, the more you’ll side with flat betting.

I don’t, but it is your choice. If you would like to learn more about Round Robins, click here.

Who Gambles?

September 26th, 2012 admin Gambling 0

A Fever That Has Engulfed Us

I don’t know how many of you go to the casinos or how often you go. I am there five days a week in A.C, plus the regular monthly trips to Las Vegas and I can tell you this – these places are packed. Just ask twenty people that you will come into contact with today, whether it is a friend, neighbor, coworker, mailman, policeman, relative, whatever.

If I were a betting man, I’d wager over 80 percent of them have been, are going, or expect to go to the casinos within the past/next month. Gambling has exploded in this country, and it hasn’t even scratched the surface. I’m talking casinos, sports, poker, bingo, race tracks, etc. It’s in the minds and lives of most people.

I can’t say everybody gambles, because the math wizards of the world would scream at me to back up my claims with positive proof – but you get the idea, it’s like a fever that has engulfed us.

Your Own Personal Need

I already explained why people gamble:

  1. Need money
  2. Need excitement
  3. Need an outlet
  4. Need the hope of companionship
  5. Need the thrill of the chase
  6. Need the hope that gambling will change their live

Surely you can find your own personal need in that list. Mine are number 1 and number 5. I admit I want the money and I need the chase, or at least the thrill of the chase that the competition offers me. But this was all explained earlier.

The reason for this article was to again emphasize my basic theory of how to gamble, regardless of whom you are or how often you play. The tiny amount of time I spent explaining the game was done to acquaint you with the basics. Read my twelve books and watch my twenty-three videos and you’ll garner all of the knowledge of the game that you need!

You Need Money Management and Discipline

What it comes down to is this: I don’t care a rat’s tail whether:

  1. You gamble every day
  2. You gamble once a year
  3. You got a big bankroll
  4. You got a small bankroll
  5. You gamble seriously
  6. You gamble for fun
  7. You gamble for comps
  8. You play blackjack, craps, slots, roulette, poker, horse racing, or sports.

I want you to consider my way of gambling. You have no idea the amount of heat I get from people who chastise me for trying to take the “fun” out of gambling. You also have no idea how many people contact me and tell me they have cut their losses to the bone and have gladly learned to “accept” small returns.

This latter group is ecstatic with the knowledge they will no longer get destroyed as long as they stay within the rules. The bottom line is quite simple: Regardless of whom, why, where, when, you play, you need:

  1. Money management
  2. Discipline

Both of those are really easy concepts to think about; but they are very difficult to put into practice when you are playing for real. The most difficult place where most people lose discipline is during a hot streak for the dealer. These games are always about going on streaks.

You must maximize your profits on your streaks and minimize the damage during the dealer’s streaks. Above all, if you don’t like the feel of things, pick up your chips and walk away from the table, get into a better mood mentally, then come back and kick some butt.

Who gambles? People who better realize what it takes to win. Do you?

Minimum Knowledge for Betting at a Casino

September 4th, 2012 admin Gambling 0

Before you decide to wager money on any game, you first need to know some basic rules. These tips are essential knowledge to have a good expectation of what you will face when you are trying to win money.

The Least You Need To Know About Slots

Slot machines date back to the late 1800′s. They didn’t become popular until the 1940′s. In the 1990′s, with the gambling development boom including river boats and Indian reservations, they became a huge hit. Now, slot machines have evolved into sleek machines that are controlled by a computer chip.

On the old machines with just three reels, your chances of hitting a jackpot were 1 in 8,000. Now, with the new technology, your chances of hitting a jackpot are almost unthinkable.

Most of the slots you will play are scheduled to pay back somewhere between 75-99% of the money you play. Because of the randomness put forth into these machines, you will find that your short-term results will vary quite a bit.

You should also know that if the machine you are playing on has more than one payline, you will most likely have to put in an extra coin or bill for each extra payline to be eligible to win on the other lines.

If you want to play a slot machine with several paylines, a flat top, or a progressive with a big difference in payouts for the number of coins played, again, don’t forget to put in the extra cash folks.

The Least You Need To Know About Roulette

Every time you have the choice, stick with the European wheel. It only has one 00.

Never place a 5 number bet, it has the worst odds on the table folks.

If you see someone betting big and winning big, get in on the action and do as they do. They just might know something that you don’t.

For the best in excitement, place your entire bet straight-up on the number, as a substitute for putting them all over the table.

The bet thing as far as betting goes in roulette is that the house is an even-money outside bet whenever surrender is allowed.

Don’t press your luck at roulette. When you have reach your limit of excitement it is time to move on.

If you really have a love for this casino game. If it is your absolute favorite game ever. Save you money and head to Monte Carlo to play. Remember the European wheel?

The Least You Need To Know About Baccarat

American baccarat consists of two different forms of the game. Full-scale, and more formal is baccarat. Then there is Mini-baccarat, known as the less formal version of the game. These games are played by the same basic rules, but mini-baccarat is recommended if you are not willing to bet huge amounts of money.

As a baccarat player, you only have one decision to make – what and how much you want to bet. Both you and the banker have hands that will be played out by the rules of the game.

In Baccarat, the house has only a small advantage. 1.36% on player bets and 1.17% on banker bets.

The Least You Need To Know About Blackjack

When playing blackjack you want to beat the dealer without going over 21. You can and will learn what the house rules are in blackjack games by reading the rules right on the table or even asking the dealer.

Dealers must play according to the house rules, not you. This is where you have the advantage in blackjack.

If you are dealt a natural, turn your cards so all can see and be happy!

Getting insurance (or even money) allows you to insure your natural against your dealer getting a possible natural. Please do not get sucked into this. It is not recommended that any player purchase insurance.

When splitting a pair, you are making your hand two new separate hands, each hand has a bet equal to your original bet you placed at the beginning of the hand.

If you double down, you are actually doubling your bet and your hand gets one additional card.

The Least You Need To Know About Blackjack Strategy

When playing blackjack, basic strategy will match you to the casino, mostly when you are playing a single deck game. Keep in mind that if multiple decks are in play, the house will still have a slight advantage though.

For the most part, the common player who isn’t using a strategy gives the house a 2-3% advantage.

If you are a savvy player, you will definitely take advantage of all kinds of favorable conditions and stay away from the unfavorable ones.

You should always keep in mind that even when you are playing under the best conditions, you can still lose.

This game is fun to play and you should treat it as just that. Players may win big or lose big.

The Least You Need To Know About Craps

Craps is definitely one of the fastest and most exciting of all casino games. Even though dice are thrown by one person at a time, betting on the outcome is very exciting and it is a group effort. You will often see a hot roller leading the pack before each throw of the dice. You can hear it from a distance when someone is having a streak of luck throwing the dice. Check it out.

You will see that the same shooter throws the dice until they roll a seven.

The best thing for right bettors is to bet on come and pass bets, with full odds on both of these bets.

The best thing for a wrong bettor is to place bets on don’t pass and don’t come bets, with full odds on both of these bets.

You should also know that center bets are only good for the house.