# Prop Betting Explained

A proposition bet, also called a side bet, prop bet, or exotic, is a bet made on an outcome or a proposition. These can be anything from statistics and happenstance in a regular game to personal, one-of-a-kind bets. In the sports world, the most popular time of prop betting revolves around the (more…)

# Future Bets Explained

A Future bet is a type of wager on the outcome of a special event or tournament format event. You are only required to select the winner of the event or tournament. Future bets are often made before a season or tournament begins and could be bet on almost a year (more…)

# Martingale Betting System Explained

The Martingale Betting System was developed in 18th century France. It was actually part of a group of betting methods that were classified as “martingale.” Today, Martingale refers to a relatively simple sports betting system that dictates when you win a wager, you bet the same amount on the next wager, (more…)

# Advantage Gambling & Sports Betting

Those who win more than they lose while sports betting, usually possess some sort of advantage over the house. Advantage gambling is a term of art relating to any bettor who attempts to attain a legal edge or advantage before placing a wager. This practice is also known as advantage play, (more…)

# The Gamblers Fallacy

You’re getting ready to bet some money on a match-up between the Los Angeles Lakers and Denver Nuggets. The Nuggets have lost to the Lakers the last three times they met and this is the final game of the regular-season series. You decide to put your money on Denver because they are (more…)

# Fixed Odds Sports Betting

Fixed odds sports betting means, quite simply, that at the time you place
your wager, the winning payout is known and will not change. Additionally,
fixed odds bets are based on picking the actual winner of the contest,

Unlike pari-mutuel wagering, where odds change continually depending
upon the wagering pool and (more…)

# Proposition Wagering Explained

Most sportsbooks offer bettors a chance to engage in proposition wagering. Proposition bets are also called props, prop bets, side bets and exotics. A proposition is a bet made on some sort of special circumstance that can have two or more outcomes. Prop bets normally do not include wagers on the (more…)

# Vigorish Definition Explained

If you’ve made a point spread wager, then you probably know that the odds are listed at 1:1. Which means with 1:1 odds if you make an \$11 wager and win, you’d get back \$22. But when you make an \$11 wager on a football, hockey, baseball or basketball game and (more…)

Spread betting was created to help even the playing field in sports wagering. In most contests, there’s a favorite and an underdog, and more times than not, the favorite will win. Of course, that’s not always the case, but often the team that is supposed to win does and most people (more…)

# Sports Betting With the Kelly Criterion System

The Kelly criterion for sports betting was developed by J.L. Kelly, Jr. He described his theory in the Bell System Technical Journal in 1956. In essence, the Kelly system is a progressive method of wagering in which bettors wager more on their sports picks when there is a higher probability of (more…)

# Falling Victim To Sports Betting Systems

Should You Buy into a Sports Betting System?

Sports betting is immensely popular throughout the world and the Internet has made it accessible across the globe. Of course, gamblers want to make money and folks who put money down on sports are always trying to get that extra edge that will ensure (more…)

# Pari Mutuel Betting

With Pari Mutuel betting, which was created by Pierre Oller in France in the 1860s, bettors wager against one another, with odds being determined by what percentage of the pot is bet on each competitor in the race or event. You’ll find the Pari Mutuel system in effect in horseracing, greyhound (more…)

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