Sports Arbitrage – 5 Benefits You Must Know

Sports arbitrage is a very fun and unique way to make money with sports bookies. Without the help of the internet, this would never be possible. Here are 5 benefits you must know about.

Benefit #1: No Gambling

This is the part that makes people really confused. Yes, we place bets with bookmakers, however, due to how the calculations are done, there is no need to guess the results of the game. You will still profit no matter what the results turns out to be.

Benefit #2: No Tax

From what I know, in almost all countries there is no tax for when you win money from bookmakers, casinos or lottery. I must say that I am not an attorney and I have no idea if this is 100% true in your particular country or state.

Benefit #3: No Incorporation

When you start any business, you need to incorporate and in some countries or states, it may mean a lot of paper work and a long boring process. For sports arbitrage trading, no incorporation is required, saving you both time and money.

Benefit #4: Flexible Hours

You can do this any time you want as long as you have high speed internet access. Unlike a typical business, you have absolutely no customers which means there is no need to spend your time doing customer support. You also do not need to hire any employees.

Benefit #5: Recession Proof

Arbitrage betting will never be affected by the global economy because no matter how bad the economy is, sports events will still go on. As long as there are sports events, there is money for you to make.

Understanding the Benefits of a Betting Bank

If you are an enthusiastic gambler and enjoy horse betting, you should probably think about setting up a betting bank. This is a ‘pot’ of cash that is intended for use as betting money. The amount of cash it contains is up to you, but it is important to keep a note of how much moves in and out of the pot. The value of the pot will represent how successful your bets have been.

You are advised to set up a dedicated bank account for your betting pot. This keeps everything organised and makes it easy to monitor income and expenditure. If all of the gambling that you do is confined to one bank account, there should be no confusion over whether or not you are making a profit. You will be able to tell by checking your financial statements.

It is essential that you keep a close eye on transactions, because a prolonged losing streak could end up consuming all of your funds. If you spot the problem early, you can switch up your technique and try something new, so that you don’t risk losing everything.

The following problems represent some of the most common reasons why betting banks fail.

– Your bets were too big for the size and scale of your bank.

– Your bank was not strong enough to tolerate prolonged losing streaks (possibly, because you backed too many big prices).

– Your horse betting and other gambling strategies are just not skilled enough. This is a very common issue and it is a tricky one to solve. It takes time to learn how to gamble like a pro. If you are just starting out, you may need to be patient and put in plenty of practice. This is why inexperienced gamblers shouldn’t dive in too fast and place too much money on their bets, too soon.

How to Utilise a Bank System

You can solve all of the issues outlined above by simply being careful with your bets. Think about what you want to achieve. There are some people who don’t want to take the process so seriously. They’re looking to have fun, spend some cash, and try their luck. And this is fine, as long as they can refill the bank again. If you are looking to make long term gains, however, you need to be a little smarter.

Stage One – Bank Value

Work out how big you can afford to make your betting bank. It doesn’t really matter how large your maximum limit is, as long as you keep the end goal in mind. You are supposed to be expanding the pot. You can always change the size of the pot at a later date, but to begin with, just pick a number that you can afford to lose.

Stage Two – Review the Risk

The size of your bets should reflect a fairly modest proportion of your betting bank. You don’t want to place the entire bank on one big bet, because you could lose it all. The same rules apply to losing two consecutive bets; it could cripple your betting bank and your finances. This is why you need to determine how long the worst kind of losing streak could last.

Imagine a person who backs multiple favourites at even money. To begin with, it is important to acknowledge that bookies feel confident about these choices. They believe that they have a good shot at winning. At even money, it is reasonable to assume that here is around a 50% likelihood of a win.

While these might seem like great odds and entice you into handing over 25% of your betting bank, think carefully about this arrangement. With a 50/50 result, you should expect to lose four consecutive times, at just over 6% of the time. In other words, if you gamble a lot, it is bound to happen. And, when it does, you’ll lose your 25% share.

Stage Three – Converting Pounds to Points

As already discussed, the size of your bank isn’t of too much significance. This is because we transform your pounds into points. As so many different aspects of gambling are reflected in point form, it is useful to think of a betting bank as being worth 100 points. If this were the case, 1% would be equivalent to one point.

If your bank were worth £10, every pound would represent ten points. Or, to put it another way, every point would represent ten pence. If you need some more help, use the table below for simple, quick fire calculations.

Stage Four – Selecting the Right Bet

Once your betting bank is ready to go and your money has been changed into points, you need to identify an appealing and valuable bet. Then, stump up the cash. If you are still fairly new to betting, you might want to experiment with basic level stakes betting techniques to begin with. They don’t carry too much risk.

Determine how large a proportion of your betting bank you are can afford to put up. This is how you find out how much each of the stakes will be. For casual gamblers, a reasonable figure is around 2% of the bank. This figure allows for a decent amount of protection from losing streaks, but it will cause the bank to grow at a sluggish rate.

For more experienced gamblers, a 5% stage is suitable. This enables the betting bank to expand quickly, but it also means that the risk of being cleared out by a losing streak is increased.

If you are interested in finding out more about how to bet successfully, or you are looking for high quality horse racing tips, visit Betting for Winners today. We can give you smart information, advice, hints, and tips on where to start, how to bet, and what techniques to use for guaranteed success.

Benefits of Online Gambling: Top Reasons to Gamble Online

The online gambling industry is the most profitable industry on the internet. Millions of people around the world are wagering on sports online, playing online poker, bingo and even the lottery online at any of the thousands of gambling sites available on the net. Even people who have never visited a land based casino or a local bookie are finding themselves visiting online casinos and poker rooms on a regular basis.

So, what makes gambling on the internet so appealing? Yes, you can play any game of your choice without having to leave your favorite chair. Still, you will not be served free drinks; you will not be able to watch the game you have wagered on from big TV screens; you can neither see the facial expressions of your poker opponents nor to hear the sounds of the coins fall from the slot machine when you hit the big jackpot…

Here are the benefits of gambling online comparing to traditional gambling:

Diversity: how else can you jump from an online poker room to the craps table and to a bingo hall while staying seated on your most comfortable chair? Most online casinos feature a large variety of casino table games, slots and video poker machines. Moreover, in many major online gambling companies you can switch from online casino gambling to online sports wagering with the same username and account.

Bonuses: where else can you receive free money to gamble with? Most online casinos offer free money bonuses in order to entice new customers and to keep up with the competition. The bonuses can start from 10 dollars free just for downloading the casino software to a couple of thousand dollars for completing a certain required amount of raked hands

Convenience: obliviously, what can be more convenient than playing your favorite casino game in the comfort of your own home while listening to your favorite music and drinking your favorite beer? Not to mention being able to put your dealer on hold each time up you want to take a break

Smoking and Dress Codes: whether you are a smoker or a non smoker, when you are gambling online you are free from obeying the rules. Same goes for dressing, eating and drinking; you can either smoke non stop or remain in a non smoking environment; wear your sloppiest clothes or stay naked; eat, drink, talk on the phone, watch TV, whatever

Atmosphere: when you are gambling online, there are not any cocktail waitresses who will sedate you with free drinks and distract you from beating the dealer. In addition, you can set an atmosphere of your choice that can include clocks or even a source of day light

Beginner Friendly: a land based casino can be an intimidating place for the newbie gambler. The average online casino, on the other hand, is much more beginner friendly than its brick and mortar equivalent. Interactive tutorials, play money modes and the option of avoiding social embarrassment caused by misunderstanding of the rules and codes of behavior is a more pleasant welcome for the novice casino gamer or poker player

Safety: yes, gambling online is usually safer than playing in a land based casino and carrying big amounts of cash money in your pocket. Most online casinos are reliable and respectable businesses that will not risk their reputation and lose their customers base by scamming their players

In addition to the list of benefits mentioned above, online gambling offers equal opportunity for people with disabilities or those who cannot afford traveling out of their state to play in a legal land based casino.

However, reading about the benefits of online gambling makes the huge popularity of online gambling, online poker playing and online sports wagering much easier to understand.