Odds Hunting vs. Bonus Hunting – 3 Points For More Money

Is bonus hunting the best way to break into sports betting? Not necessarily. These days, you have to look at which bonuses are available, along with their terms and conditions. Free bets can still make sense if you work them to your advantage.

But we wanted to open the door to something else that you might not consider at first: odds hunting. Here’s three points for more money:

1. Go for the Lowest Margins Possible

We talked about margins a little bit in another article, but the fact remains that you need to look at how much a sportsbook is trying to make off you. Listen very well: there’s no way to avoid the margin completely. In order to stay open, the bookmarker has to get something out of the deal. But you can go for a site that actually shaves down the margins to the point where you can make money. Not shopping around for odds is bad, because youíre basically leaving money on the table. As sportsbooks adapt to the market, theyíre coming out with different ways to give you an awesome experience. Why settle for less than that? There’s no need to do so anymore. Rather than try to work out on paper what your margin is, why not just use a margin calculator? There’s easy to find, easy to use, and you’ll know immediately where you stand.

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2. Examine Your Real Odds

Do odds change over time? You betcha. Do punters look up which odds they’re really working with? Not always. This is another way that you can lose money on a bet. If a series of bets is no longer profitable, it’s better to scrap it rather than to keep pressing the matter. Sometimes odds change as a series continues, and you have to recalculate on the fly to make sure that youíre not throwing money into a pit.

3. Avoid the Obvious

Going for the favorite makes sense if you’ve never done too much gambling. But as you get deeper into the category, you’ll realize fast that picking the best underdog for your wager is better than going after the favorite. The money is made when the underdog wins, rather than when the favorite wins. It takes a lot more money to profit from a favorite winning than the underdog winning.

We’ll keep talking about this as time goes on. This spring and summer present plenty of grand opportunities for smarter wagers. Are you part of the new revolution? Do you have any surefire tips that you’re like to share with the audience? Sound off in the comments, or shoot us an e-mail.

How to Make the Most Gains in Sports Betting

If you want to minimise your losses when you are betting on sports, then there are number of things that you can do. It is wise to consider it before you do bet, making sure that you only spend what you can afford to lose, just in case.

Reduce the Risk

It can be a good idea to bet on something that is not too risky. If you take more risk, then you can possibly gain more, but you stand more chance of losing. If you want to maximise your chances of winning anything, then look at the odds and bet on the thing that has the most chance of winning. If you want a big prize, then you may need to take more risk or bet more money though. You will have to decide what you are more comfortable with.

Spread the Bets

It can be a good idea to bet on more than one thing. Perhaps more than one horse in a race, for example. This will increase your chances of winning something. Of course, the more money you bet, the higher your prize, so again it is up to you to look at the risk and decide whether you want to take a higher risk and possibly win more or a lower risk and just win something.

Sports Betting

Learn About the Contenders

It is good to study the contenders in the sport and decide who you think has the best chance of winning based on their form. It makes sense to bet on the one that seems to have the most chance of doing well. However, it is likely that most people will bet on them and so the odds will be set so that if they do win, you will not gain so much money.

Look at the Odds

The odds tell you what other people feel the result will be. You will get less money back on the favourite result as that is what is most likely to happen. The bookmakers work it out so that they will still make a gain (well they hope so anyway!) It is likely that the favourite to win, will do so and so by betting on them you are most likely to win, but the amount you win may not be so high.

Bet for Free

Free betting can be a great way to make money because you are paying out nothing. Take a look at www.freebets.org.uk to find out more about where you can place a free bet.

A Quick Intro to Laying and Exchanges

Hello, punters! We’re back to continue getting you up to speed so you don’t look like you have no idea what’s going on in the greater sports betting world. It’s all about knowing the terms that everyone else is flinging around. The more that you can work on this, the more money that you’re going to make. The worst thing that you can do is be very uninformed about what’s going on. The terms matter, people. They just do.

Anyway, moving on to what we really want to talk about today — laying and exchanges. You might wonder what these terms actually mean. Thankfully, today’s lesson is pretty straightforward.

Indeed, an exchange is just a betting website where punters bet against each other. You’ll be able to assume the position of the sportsbook and offer odds on things not to happen as well as betting in the normal way (the odds of something happening).

Well, the way bets are placed is a lot different from the traditional bookmakers. You’re going to be able to request your own odds on the markets as well as placing your bet at other offered odds as soon as possible.

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It’s also important to realize that the closer you request your odds to the current trading price the more likely it is that your bet will be matched. If your bet is not matched before the beginning of the event the bet will be void and your stake will be returned to you.

An example is necessary to understand how all of this works.

Let’s say that you’re chilling at home and you see on the exchange that the odds on Arsenal to beat Man U are 3.5 to back and 3.7 to lay.

Now, you have some options. You could bet at 3.5 immediately, or you could offer to bet at 3.6, 3.7, or 3.8 and hope that someone matches your bet.

Well, if you make your odds too high, your bet won’t be matched. But if you can find the sweet spot in the market, your bet will be matched.

We can use this same type of example to explain laying, which is the act of betting on an outcome not to happen. This is essentially what your sportsbook is trying to do in order to achieve profits of their own. [Read more…]

Sports Betting

A popular pastime all over the world, sports betting is much of a challenge, with the experience being a rewarding one in case luck favors you! Deeply rooted in most cultures, sports betting is much respected in Europe. In the US, online sports betting can at best be termed ambiguous. With sports betting going online with the growth of the Internet, the sport today has its own dedicated fan following. The principle of sports betting is just like all other betting types – the bottom-line being the house should not lose money.

With the bookmakers publishing the odds for sporting events, these in turn depend upon their understanding of the event’s probability. The dynamics of the odds can change with the betting trend and time remaining for the game to take place. If the punters identify more and more people betting on a favorite with low odds, the trend is to try and pull a part of the crowd to bet for the nonstarter. This can be done by cutting down on the returns on favorites or by reducing the number of odds on the underdog.

Once the bookmakers publish the odds, the bettors study them and place their bets with a bookmaker who according to them offer the most favorable odds. In case the bettors win, they take away the principal amount they bet, as well as the winning money. Online betting requires the bettors to have an account with the online sports company, with the payment being credited via credit cards generally or facilitators of online transaction. Online bookmakers offer extremely competitive odds and provide bettors with the opportunity to place a number of specialty bets.

Factors influencing Online Betting

There are too many variables that affect a sports bet. Some of these are objective, like goals or points scored. The subjective variables include the presence or absence of a top performer from a team. Bettors can use the free advice of sports tipsters and sports betting softwares that help in understanding how different variables affect the outcome of an event. It also helps bettors place bets on events about which they have little knowledge. Without the tipsters and sports betting software, the most proficient and skilled bettor cannot cover more than two sports.

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How to Place a Sports Bet

One of the best ways of placing a sports bet is by keeping a tab of the match statistics, following expert opinions and participating in online sports betting forums where you can discuss strategy with fellow punters. With the gradual understanding of your individual wagering style, you can make out whether you can succeed by betting with the odds or against them. This factor helps you out as returns on bets placed on underdogs are better; and you grow into the hang of winning such bets making good money. Check out the odds placed by the bookmakers before placing a bet,.

As a novice or an expert you can use various financial strategies based on statistical formulae. Some of them are: Bank Percentage, Flat, Kelly Criteria, Martingale, Fixed Profit etc. it is a common belief, however, that the arbitrage and scalping betting methods are risk-free and profitable.

Sports betting and reverse handicapping

Being a successful handicapper will certainly offer you an edge in your sports gambling, but will that be enough to make you a long-term winner? Not exactly. You see, being a successful sports bettor is not only about understanding the sport that you’re betting on perfectly and being able to dissect each and every single match-up right down to the bone. That too is needed but it’s not enough by a long-shot. A sharp sports bettor understands the way the bookmaker works and he is just as good a reverse handicapper as he’s a straight one. Why is it essential to see matchups and lines from the other side of the barricade? Because that’s just about the only way you’ll be able to locate hidden value and thus to secure positive long term EV (expected value).

Believe it or not, square sports betting is a negative EV activity. You get your money in on the favorite and when the fav does come through for you, you win your money back plus almost as much on top of it (minus the vig of course). The vig acts the same way the poker rake does in online poker: it bites into your narrow margin mercilessly. In poker there are rakeback deals, in live sports betting there’s not much you can do about the vig. When you lose, you lose your money. On a perfectly balanced match-up (and believe you me, the bookie will do everything to balance the match-up as close to perfection as possible), that is pretty much the definition of negative long-term EV. There’s only one variable you can exploit to turn your negative EV into positive EV, and that’s the movement of the lines. Before we go any further though, we need to take a look at the reasons why the bookie moves his lines around.

Not all line movements mean hidden value. When the lines move on account of the side notes, then the movements are fully justified and they truthfully reflect the new situation arisen on the court/field. Side notes are player injuries, roster changes, travel problems, suspensions etc. Make sure the line does not move on account of the side notes before you jump all over the perceived hidden value.

Line movements which bring about hidden value are caused by bettor-pressure. Sometimes, square money will come in way too thick on one side of a match-up (usually on that of the favorite) and it will therefore upset the delicate balance achieved by the bookmaker. When the balance is upset, the bookie needs to compensate by moving his lines. He will make the less bet-on side of the match-up more attractive, mostly by inducing undue value to it. That there is the hidden value. The hidden value seldom lasts. Sharps (betting syndicates) may jump on it and erase it in a heartbeat, or the measure undertaken by the bookie may prove a little too successful and the other side of the bandwagon may fill up faster than projected.

The bottom line is that in order to be able to reap the benefits of these line movements, you pretty much need to monitor these movements on a constant basis. Weekly games are easier to track, because you have several days at your disposal to see how the line evolves. Daily games are more difficult to monitor because things speed up for them. The most important thing is to get the opening lines and to remember them, so you have a basis for comparison on subsequent lines. Track just a few games for starters, move up to more as soon as you feel you’re comfortable with what you’re able to handle.

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