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Sports Betting ArticlesHere are all the current sports betting articles from Maddux Sports. 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 horse racing, greyhound racing and jai alai contests. Read the full article on Pari
Mutuel Wagering
Sports Betting Systems
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
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 Kelly Criterion Sports Betting
Spread 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'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
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
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
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
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
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
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 Futures Betting
Prop Bets
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
We hoped enjoyed these articles, more sports betting works can be found on our blog. Sports Betting Information
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