Sports Betting Articles
Pari Mutuel Betting - Ever wondered what it is?
Talks about how payouts are calculated and some betting tips.
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 racing and jai alai
contests.
Read the full article on Parimutuel Wagering
Sports Betting Systems - Most are either scams
or offer false hope, here are some tips when considering a sport
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 a profit.
Read the full article on Sports Betting Systems
Kelly Criterion - One of the more popular money
management systems, Kelly Criterion when used properly is far
and away an aggressive way to build your gambling bankroll.
The Kelly criterion for 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 when there is a higher
probability of winning and less when there’s a lower probability
of winning.
Read the full article on the Kelly Criterion Betting System
Spread Betting - The great equalizer in sports
betting!
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 will bet on that team.
The spread was invented by bookkeepers to neutralize this phenomenon
and to encourage bets on both sides.
Read the full article on Spread Betting
Vigorish - If you have ever placed a bet before
you have paid the bookmakers tax.
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 win, you don’t get $22. Instead, you
receive $21. What happened to the other eight bits? It went to
the bookmaker as a commission for brokering the bet.
Read the full article on Vigorish
Proposition Wagering - Heads or Tails? Who will
score first? Will there be a score in the first 6 minutes of the
game? All popular props in the gambling world.
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 outcome of a game or
contest.
Read the full article on Proposition Wagering
Fixed Odds Betting - Learn about what fixed odds
are and view a chart to convert odds from US to other countries'
odds formats.
Fixed odds 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, not using a point spread.
Read the full article on Fixed Odds Sports Betting
Gamblers Fallacy - Think a certain team is due?
Chances are you are buying into one of the biggest traps novice
sports bettors fall into.
You’re getting ready to put 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 “due” to win. You figure,
“The Nuggets can’t lose four straight times to the
same team, it’s got to even out at some point.”
Read the full article on Gamblers Fallacy
Advantage Gambling - Learn the different ways
sharp bettors use to achieve advantage gambling.
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, and a gambler who participates
in this practice is known as an advantage player.
Read the full article on Advantage Gambling
Martingale Betting - Learn about one of the more
popular but flawed money management systems used in sports betting.
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, but when you lose a
bet, you double your next wager.
Read the full article on Martingale Betting System
Future Bets - Learn about the different types of
future bets and what a future bet is.
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
in advance of the actual event. Popular future bets include who
will win the Super Bowl and World Series Winner.
Read the full article on Future Bets
Prop Bets - Talks about prop betting throughout
the different forms of gambling.
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 Super Bowl.
Read the full article on Proposition Betting
