Sports Betting Techniques – Finding the Best Odds

What are the odds that your favorite team will win in a sports match? Those odds, whatever they are, are different from what people call ‘odds’ in sports betting. Before placing your wagers on a sports match, you first have to look at the betting odds. That’s where you need to develop skills in finding the best odds. Why? Well, simply because you may lose more money than you except. There’s more to sports betting than simple dollar-to-dollar ration, therefore finding the best odds is extremely necessary before deciding on which sports matches to bet on.

There are basically three things you have to know when finding the best odds. These are the decimal, fraction and US odd formats. Decimals odds use decimal figures (eg. “1.50”), representing the full payout based on the wager. Fractional odds, meanwhile, use fractions (eg. “1/2”) to represent the money won against the money you wagered. US odd format, on the other hand, are pretty straightforward. When positive (eg. “150”), it means you win $150 for placing a $100 bet. A negative odd (eg. “-200”) means you have to wager $200 in order to win $100. In finding the best odds, you must understand the odd format used by the bookmaker.

It’s just like breaking down mathematical formulas. You have to understand what each number or symbol means to calculate the results. In finding the best odds, you have to understand what “1.50”, “1/2” or “-200” means in order for you to realize how high or low the risks are in placing your bets on a particular sports match. Practice finding the best odds. Let’s say you bet on a match that has a “2.00”, “1/1” or “+100” betting odd. Decoding them, you’ll realize that they are the same-you win $100 for every $100 wagered. Bottomline is, when you are trying to find the best odds, first you have to understand them.

The Worth and Price of a Sports Betting System

If you have ever had to worry about money, then you know how important it is to your very survival. They say that money cannot buy happiness but it sure can pay the bills and make life easier. Some people just want to gain more money and do so through gambling. If you are not sure about traditional gambling, then sports betting may be what you need. But can a $17.00 ebook, such as the Sports Betting System, really be the answer to your problems?

If you think about it, $17.00 is not much to pay for a sports betting ebook. Most cost several hundred dollars and require a constant membership. The Sports Betting System is really a bargain at such a low price. But you have to question if it is being sold too cheaply? Maybe the information is not as great as the website claims. Or it could be that it is a simple system and the author does not want to charge an arm and a leg.

Betting on sports is tricky at best. The first thing the eBook teaches you is how to place a bet. That bet may be online or with your local bookie. That is step number one. The next tip, or step, is all about teaching you the odds. It does not give you the odds itself because those are variables that change constantly. You have to learn how to gauge the odds yourself. Step three is all about how to avoid losing bets. That is the step you really want to concentrate on because it is the one that will determine whether or not you’ll continue to use the system. If you suffer constant losses, then you are going to demand your money back. So it is important for any teacher, writer or system creator to teach you the difference between winning bets and losing bets.

Once you have the basics down, then you can start looking at the various sports that you can bet on. Yes, you could bet on the local turtle race but that is not what is going to generate cash for you. You need to tackle the big sports, such as major league baseball, professional hockey, professional football and even soccer.

Is the Sports Betting System really worth $17.00 to try it out? You will not be out much money and it may actually work for you. Even if you do not know much about sports gambling or statistics, the book can teach you what you need to know. You may not be an immediate expert but at least you will get your feet wet trying to figure out which teams to bet on. And you may very well win those bets.

5 Top Tips to Win More at Sports Betting

Have you had enough of losing your money to the bookies? Then check out these five tips on how to beat the bookmaker.

1. Claim Free Bets

There are many, many bookmakers out there competing for you business and most of them will offer you a free bet. This free bet will typically be for £20 to £100 (or your currencies equivalent) depending upon the bookie. By taking advantage of all these free wagers you really can put things in your favor when embarking in sports betting. Look at the free bet as a way of subsidizing your betting provided by the person you are betting against!

There are often conditions involved with the free wager but they are not as difficult to meet as what the casinos and poker sites have to offer. You rarely have wagering requirements (other than the first bet) and the free bet will be credited to your account once you have placed the initial qualifying bet. One of the main things to look out for is the minimum odds at which your bet must be placed at to receive the free bet. One bookie might insist that you place a bet at odds of 2.0 to qualify, while another might say the odds must be at least 1.0. Make sure you check the terms and conditions before attempting to qualify for a free wager.

2. Use Odds Comparison Software

Why would anyone not want to win as much as they can from a bet? You would think that everyone would, but the majority of people still do not compare betting odds before placing a wager. Again, with the sheer volume of bookies on the market, the difference of odds available can be huge. By choosing one without checking the market, you could be missing out on ALOT of money. The quick and easy way to compare odds is to use odds comparison software to check the best return in real time. It is such a quick and easy thing to do that it is a wonder that not everyone does it.

3. Bet on what you Know

If you are serious about sports betting then make sure you only bet on the sports you are knowledgeable on. If you know nothing about basketball, but loads about cricket, then just place bets on the cricket markets.

4. Use Odds Matching Software

There is a new piece of software out there called Odds Matcher that basically manipulates bookmakers so you can receive hundreds of pounds in free bets with no risk required. The way it works is by highlighting bets you can lay with an exchange and back with a bookie where there is no loss potential. For each bookmaker you do this with you will receive a free bet and again – there is no chance of you losing a penny.

5. Follow Betting Tips

There are a whole shed load of sites out there offering betting tips and it is important to distinguish the good from the bad. For example, you do not want to be following guidance provided by a ten year old on his old man’s computer. Check out the Racing Post, Sporting Life, and GG.com, all of which have some very seasoned betting professionals writing for them.

The 8 True Facts About Online Horse Racing Betting Exchange

Horse racing betting exchange is one of the most popular betting games among punters.

1.) You have many benefits to achieve from horse racing betting and it is the easiest form of online betting game.

2.) In addition, you do not have to visit racecourse for laying bets, since with the advent of many innovative technologies, you can sit from the comfort of your home and bet on horseracing.

3.) The best part of online horse racing betting exchange is that, you get the outcome of your betting within a matter of seconds via your email account. Often, horse racing betting exchange increases your income regardless of your outcome. This is because here there is no intermediary or bookie, who claims a big portion of sum as his or her commission.

4.) Betting exchange certainly increases your odds by 24%. In this kind of betting exchange, you need to return only a small portion of attained winnings. In addition, here you can even act as a bookie. Here, you wager against other gamblers online.

Other Facts:

5.) Unlike traditional racecourse, betting exchange offers you the option to lay a bet. You may set odds as whether a racecourse is suitable for a particular event. In fact, this ability of laying a bet enables you to gain profit regardless of the outcome. You can either back at a greater price or lay at a smaller price, thus ensuring obtainment of profits. In addition, online punters are given an option of not accepting the first offers on their stakes.

6.) You can choose the best obtainable odds and achieve prospective winnings. You can also demand better odds. Do not bet on any horse haphazardly, or else you may lose everything. Often people have a misconception that people, who constantly win are overlooked in horse racing betting exchange. On the other hand, traditional bookies discriminate against a punter, who wins constantly a huge amount of money. They even close their accounts and limit their stakes to avoid further play.

7.) The best part of horse racing betting exchange is that, the facility to earn big sum without any restriction or limit. Even if you bet on a horse, which loses the race, the outcome will not affect you, since you are placing a lay bet. You are still able to recover your money.

8.) Finally, choose a reliable site to bet on horseracing and pay heed to the terms and conditions before laying a bet, since terms may vary from one site to another.

Winning Betting Tips – 3 Secrets the Bookmakers Don’t Want You to Use For Betting and Winning Money

Winning betting systems, methods and tips can be found everywhere on the internet, but unsurprisingly, very few of these systems are ever likely to deliver on their promises of untold winnings from betting online. There are however, some methods and approaches that the bookmakers would rather you didn’t use. This article looks at some of these and how you should be taking advantage to increase your winnings. 

Winning Tip 1

Lets start with an old favourite, the “each way steal”. This is a bet that the bookies hate taking, but are obliged to do so. Basically, due to the way in which the place part of an “each-way” bet is calculated, in certain races the odds that a bookmaker has to pay out on a horse placing are much higher than the true statistical probability. To take advantage of this, it is possible to place the each-way bet and lay part of the win bet off on the betting exchanges, giving you a statistical return greater than the true odds. In essence you will have a long-term profitable edge. 

Winning Tip 2

The next tip to remember is that the bookies are looking to make as much money as possible, and advertise their bets accordingly. You should always try to avoid the bets that are heavily promoted by the bookmakers. These are usually multiple bets of some description, advertising a huge payout for winning bets, but with very little statistical chance of success. You are much better off, and will be much more profitable, sticking to straightforward single bets, especially in markets such as tennis or football. 

Winning Tip 3

One exception to this “bookie advertising” rule however, is with regard to the bonuses bookmakers advertise in order to encourage people to join up and start placing bets. They are obviously looking to offset the cost of the joining bonus with the winnings they expect to make from your losing bets over the long-term. But if you are disciplined, it is possible to place the required bet with your bonus money, and place the opposite back or lay on the exchanges to “cash-in” the free bet. Many people make a decent monthly income moving from bookmaker to bookmaker doing this, before returning to take advantage of further “re-load” or one-off bonuses. 

This, however, is just the tip of the iceberg. If you are prepared to make the effort, remain disciplined, and follow a strategic approach to your betting, it is perfectly possible to make consistent long-term profits from betting using many different approaches. The bookies make their profits using the application of statistics and probability, now it’s your turn to use these weapons against them.

Football Betting Tips

The extra money balanced around the marketing industry, the extra people will gamble. When making a decision to get a boot on the market of football betting as a beginner, there are several number of measures or steps need to be taken to improve your profits. The most significant principles so far is to put up value bets which will take a high expected value. Expected value basically means that you are taking several football bets which will produce biggest returns and offer great value of money in the long run.

The most critical part of football betting games is getting biggest returns of your money in the long run because the common of clients will put down bets that will give away more returns, its almost the same of playing poker game. If they give away more money, it will increase their chances of winning at any point of the betting game. Therefore, what you need to do is research and compares the different probability at bookie is presenting before you rush in with the trousers along and your wallet in the counter.

Try to search for value bets, in someplace that the bookie has agreed you good odds for the occurrence. It does not take place several times especially with the great games however bookies will continuously create an error that you can sometimes take advantage of with their odds and pricing. But the greatest thing to avoid on the football betting games is betting in the right score. This is well identified in the betting circles like a mugs bet because chances are frequently so horrible where the bookies put up most of the money.

One final football betting tip that I can give you is to gamble on drag in matches. The reality is football bookies same with Ladbrokes that takes about 70% of their income from draws, because several people gamble on teams losing or winning matches. Football game draws tend to offer the great value bets or odds. Remember to always gamble on a draw when you are not sure of the result.

Tennis Betting – Tips For Exchange Betting on Tennis Matches

By choosing tennis as your preferred sport for betting, you have already given yourself an “edge” against those who bet on or offer odds on other sports. To use this “edge” to make money consistently, however, you’ll need to understand two fundamental principles first. Then apply the power of mathematics.

Principle #1

It is sheer folly to place a tennis bet (or a bet on anything) with a “traditional” bookmaker. The expression “You can’t beat the bookie” is axiomatic; you just cannot beat the bookie over time. It’s because the odds are always mathematically calculated in favour of the bookmaker. Everyone knows (or should know) that the bookie’s mathematical “edge” against the punter is necessary for him to make a profit so that he can stay in business.

Computer technology has given rise to a new form of betting, known as “exchange betting” or “matched betting”. With “betting exchanges” there is no bookie to beat; in other words, there is no middle-man. Every punter bets against another punter or punters somewhere out there in the Internet ether. Any punter (or “trader”) can place a “back” bet that a player or team will win, and/or place a “lay” bet that a player or team will lose. Thus, any punter can choose to act as an ordinary bettor and/or as a bookmaker.

With exchange betting the odds are not set by a third-party or middle-man; they are set by the punters themselves, who place requests for odds at which they are prepared to place bets (if they wish to act as an ordinary bettor), or place offers of odds at which they are prepared to lay bets (if they wish to act as a bookmaker).

As the “back” bettors gradually lower their requested odds and the “lay” bettors gradually raise their offered odds, the software on the exchange betting web site matches all the back bets with all the lay bets at the instant they coincide. The accounts of the “backers” or “layers” are then credited with their winnings automatically a few seconds after the end of the event according to its result.

Obviously, the technology for providing such a “fair” betting service must be paid for somehow. This payment is taken in the form of a commission on the punter’s net winnings on an event (or “market”). That is, commission is charged only on any positive difference between winnings and losses on the same event.

This betting system is as close to a perfectly fair betting environment as it is possible to achieve.

There are very few betting exchanges in existence, however, perhaps because the exchange betting software is so complex and therefore costly. The giant among exchange betting web sites is Betfair, with about 90% of the market at the time of writing. Others are the Global Betting Exchange (BetDAQ), ibetX, Betsson, Matchbook and the World Bet Exchange (WBX). Betfair is by far the most popular because it was the first to offer this “perfectly fair” betting environment, and is trusted to perform accurately and instantly.

Principle #2

So, why does tennis betting give you that “edge” over betting on other sports? The answer, though simple, is often overlooked even by those who bet tennis regularly. And if you’re someone who’s never bet on tennis, you’d almost certainly not have realized the significance of the tennis scoring system on the betting.

Consider this fundamental difference between the tennis scoring system and that of probably any other sport you can think of.

In other sports and games the trailing player or team must make up the points gap by winning a point for every point they have already lost in order to catch up to the leader. Only then can they start to move ahead. This fact seems obvious.

In tennis, however, the trailing player or team can lose the first set 6-0 (possibly with a deficit of 24 points). That team can then win the second set by the most narrow of margins, 7-6 in a tie-break, winning the set by very few points (or even by winning fewer points than the opponents, a rare but possible occurrence!).

As soon as the trailing player or team wins the second set, the two sides suddenly have even scores, even though one player or team might have actually won many more points than the opponents.

This anomaly often has a profound psychological effect on one or both sides, which affects the way they play for the next few minutes, and therefore also the betting odds requested and offered by punters on the match. This, however, is another aspect of tennis betting which may be the subject of another article. This article deals with the mathematical aspect of tennis betting and how to win money with this knowledge.

How to win at tennis betting

Now that you’re aware of these two fundamental principles, how can you use them to your advantage when making tennis bets?

The key is not to be just a “backer” or a “layer”, simply betting on the final outcome of an event. If you do that, you will lose out over time, because there’s always a small difference between the “back” odds and the “lay” odds — there must be, otherwise there’d be no incentive for anyone to offer odds and there’d be no betting at all. Combine that with the commission you pay on your net winnings, and the “edge” is against you mathematically (although it is not as great as with conventional bookmakers).

The secret to winning at tennis betting is to be BOTH a “backer” AND a “layer”, but at different points during the event. This is another aspect of betting that distinguishes the exchange betting web site from the traditional bookie. At the betting exchange you can place a back or lay bet at any time during the event, right up until the very last second or the final point. This is known as “in-play” betting.

Because in-play betting is allowed, the odds for each opposing side change as the event progresses, according to the likelihood (as perceived by the punters) of either one side or the other being the eventual winner. The trick is to place a back bet on one side at certain odds and later place a lay bet on that side (or a back bet on the other side) at better odds as fortunes change and the odds swing in your favour. If you can achieve this, you will win your bet overall, regardless of the outcome of the event — a true “win-win” scenario.

Why bet on tennis and not on other sports?

Apart from Principle #2, explained earlier, tennis is ideal for such “swing” betting, because the odds fluctuate after every point is played. There are therefore very many small swings to one side and then to the other. This doesn’t happen in soccer, for example, because goals are so rare and a goal shifts the advantage suddenly and hugely to the scoring side.

Furthermore, a tennis match can have one of only two results; there can be no draw or tie; and one of only two players or teams can win. In horse racing, for example, the winner can come from a large number of runners.

The more possible outcomes there are to factor into the equation, the more difficult it is to win. (Despite this obvious logic, soccer and horse racing remain the two most popular sports for betting, probably for historical reasons. Tennis is already third in popularity, however, as more and more punters discover the fact that it is easier to make money betting on tennis than on any other sport.)

“In-play” betting or “pre-event” betting?

Now that you have — it is hoped — understood and absorbed the generalities of exchange betting and the peculiarities of tennis scoring, it is time to explain the details of how you can win at tennis betting.

Earlier it was stated that the secret to winning at tennis betting is to be both a “backer” and a “layer”, but at different points during the event, placing bets at different times during the event as fortunes change and the odds swing in your favour. This can be done with both “in-play” betting and “pre-event” betting.

One method used with in-play betting is called “scalping”. As its name suggests, scalping involves skimming a tiny profit by backing or laying at exactly the right moment as the odds move slightly in your favour, perhaps when one player scores two or three consecutive points, and repeating the process again and again. The biggest drawback of scalping is that it is very time-consuming and fraught with mental and physical tension. Not only must you pay full attention to what’s happening during the match by live video broadcast, but you must also catch exactly the right moments at which to bet, which is, in fact, made impossible by the 5-second delay imposed by the exchange betting software between the time you place the bet and the time it is accepted.

We’re not elaborating on this here because, as stated previously, this article is about winning by mathematics, not by the sweat of your brow. The maths aspect involves betting, not during the event, but before the event starts. That is, pre-event betting.

Mathematics do not lie!

There are a few tennis betting “systems”, some purely manual, others using software programs, some of which are enormously complicated. From the investigations of the writer (a mathematician), they all require the input, at some point, of a “probability factor” by the bettor. This probability factor is usually the odds at which you want your “balancing” bet (the “lay” bet on the “backed” side or the “back” bet on the opposing side) to be triggered, giving you the “win-win” scenario mentioned earlier.

So, how do you determine the value of this probability factor? That, dear reader, is the crucial point of the whole matter, the linch-pin that holds any exchange betting “system” together and determines whether it succeeds or fails, whether you win or lose.

Up to now, it seems, this probability factor has had to be determined by the sheer experience of a few seasoned professional gamblers, or by trial-and-error guesswork by lesser mortals. Little wonder that so many punters lose or do not win as much as they could because they do not know the EXACT value needed to optimize their bets!

Accuracy is of paramount importance when determining the probability factor, in order to maximize the chances of winning consistently. A search on the Web for a tool to calculate it proved negative. The writer therefore created one that encompasses not only all aspects of exchange betting but also the peculiarities of the tennis scoring system, and called it the Abacus Exchange Betting Calculator, for want of a better name. The probability factor is calculated to two decimal places, merely by entering the pre-event odds of both opposing sides, and has enabled the writer to make consistently more than 10% profit from tennis betting since Wimbledon 2009.

As a parallel test, the writer also placed bets according to “gut feeling”, in sufficient numbers to establish a trend. It resulted in a loss of 10% of the working capital (or “bank”).

Other tests were done, using the Abacus Exchange Betting Calculator, by betting on other sports where small odds swings occur, such as American Football, snooker and darts (very long matches only, otherwise the swings are too large). The results here just about covered the commissions paid on winnings; so, it is not worthwhile.

It seems, then, that the particular mathematical formula or algorithm (which is very complex) discussed here works well only in conjunction with the unique scoring system of tennis.

Conclusion

As a scientist, the writer feels that it is highly probable to win at sports betting consistently over time only when the following factors are present:

1. An exchange betting web site is used, not a conventional betting web site. (Beware of many sites that pretend to offer exchange betting by appearing in search engine results for “exchange betting”! Ensure that their software system enables you both to back and to lay bets at any odds you want against other punters, not against the house. If in doubt, check that their web site looks like the one at Betfair.)

AND

2. The sport is tennis, because of its unique scoring system.

AND

3(a) You learn about and become experienced in in-play betting and are prepared to devote almost all your time glued to a computer screen while following each match, sometimes more than one simultaneously.

OR

3(b) You use software that tells you exactly the odds to request and offer and the stakes to place in pre-event betting in only a few minutes, thus allowing you to get on with your normal life.