Article by Yvonne M. McAbee, a sports betting fan who endeavors to help others enhance their sports betting skills. For articles on sports betting and reviews of popular sports betting systems and sports investment services visit his site at http://www.mytravelsrbija.com
In order to win a horse race, you might want to predict the winner by using statistical calculations instead. In a race with 20 runners you have a 1 in 20 chance of picking the winner. In this case a favorite will place almost 100% of the time.
As one can see, it often is better to bet on a horse you think is going to place. Look at the odds being offered and if they are better on the second or third horse, then go for it.
In a race with only six horses running, you have a 1 in 6 chance of picking a winner. Remember, when you use this system, you are making your predictions on the odds. Thus, you can see that the fewer the runners there are, the better your chances of winning. Thus, I suggest that you limit yourself to horse races with either 6 or 9 horses running to have the best chance of winning.
If the horses just below the favorite have better odds, such as 4/1, 5/1 or better; then place your bet on those horses. Often the odds on the horse most likely to win is poor. I suggest that you choose horse races with nine runners and 1/4 odds on the first three, or six runners with 1/4 odds on the first two. Remember, that your horse only has to come in the first three in a six or nine horse race for you to come away with a profit. However, let us say that the race has just six runners, then you have a 1 in 6 chance of winning. Thus, place your bet around 20 minutes to race time.
As a general rule, the favorite will win about 1/3 of the time, but what is amazing is how often the favorite will place, especially when less than half of the field is 5-1 or lower. For this reason, I do not always place my money on the horse that is predicted to win. Of course, this is providing that you placed a place or show bet. In 2 out of 3 races some other horse wins.
Thus, the question asked is if you should bet on the horse most likely to win? Sometimes the answer to this is “no”. . You really need odds of at least 4/1 to win anything if the horse that you bet on places second or third. If the odds are less than 4/1, then I suggest passing such a horse race.
Why does the horse predicted to place actually wins so many races? Maybe because the favorite usually only wins 1 in 3 races. Therefore, it is statistically speaking, a bad race to bet on. However, bookmakers/tracks usually only offer poor odds if you bet place or show on such a horse. And do not forget, the horse still has a chance of winning too. Of course, if you placed a win bet and the horse does win, then you will come away with lots of money. The reason being that the odds are often better than the favorite winning the race. The key point: is stay away from horse races where there are lots of runners!
In my opinion, the secret of winning on the horses is to look at the statistics
Parr, a former television correspondent in New York and mother of actor Chris Noth, has died. She was 92.
Photos: Stars we’ve lost in recent years
Noth, who’s been in “Law & Order” and “The Good Wife,” said that his mother “lived fiercely with courage and love.
Jeanne L. She came to New York to work as a weather correspondent for the local CBS affiliate, eventually becoming a news correspondent there.
She wrote a book, “The Superwives,” about the spouses of athletes, and produced documentaries.
. She never accepted anything less than her dreams.”
Parr died Friday in Hawaii, where she lived after retirement, Noth’s publicist said on Tuesday. Parr worked in television news in Wisconsin and Connecticut and appeared on the game show “What’s My Line,” catching the attention of a producer for CBS in New York
You really need odds of at least 4/1 to win anything if the horse that you bet on places second or third. However, bookmakers/tracks usually only offer poor odds if you bet place or show on such a horse. In order to win a horse race, you might want to predict the winner by using statistical calculations instead. Remember, when you use this system, you are making your predictions on the odds. Of course, this is providing that you placed a place or show bet. The reason being that the odds are often better than the favorite winning the race. Remember, that your horse only has to come in the first three in a six or nine horse race for you to come away with a profit. In this case a favorite will place almost 100% of the time.
If the horses just below the favorite have better odds, such as 4/1, 5/1 or better; then place your bet on those horses. If the odds are less than 4/1, then I suggest passing such a horse race. In a race with 20 runners you have a 1 in 20 chance of picking the winner. Often the odds on the horse most likely to win is poor. I suggest that you choose horse races with nine runners and 1/4 odds on the first three, or six runners with 1/4 odds on the first two.
As one can see, it often is better to bet on a horse you think is going to place. For this reason, I do not always place my money on the horse that is predicted to win.
In my opinion, the secret of winning on the horses is to look at the statistics. And do not forget, the horse still has a chance of winning too. Of course, if you placed a win bet and the horse does win, then you will come away with lots of money. Look at the odds being offered and if they are better on the second or third horse, then go for it.. Thus, you can see that the fewer the runners there are, the better your chances of winning. The key point: is stay away from horse races where there are lots of runners!
Why does the horse predicted to place actually wins so many races? Maybe because the favorite usually only wins 1 in 3 races. Therefore, it is statistically speaking, a bad race to bet on. In 2 out of 3 races some other horse wins.
In a race with only six horses running, you have a 1 in 6 chance of picking a winner. Thus, I suggest that you limit yourself to horse races with either 6 or 9 horses running to have the best chance of winning.
Thus, the question asked is if you should bet on the horse most likely to win? Sometimes the answer to this is “no”. However, let us say that the race has just six runners, then you have a 1 in 6 chance of winning. Thus, place your bet around 20 minutes to race time.
As a general rule, the favorite will win about 1/3 of the time, but what is amazing is how often the favorite will place, especially when less than half of the field is 5-1 or lower
Depending on how a judge rules, it could soon become the first fully functioning — and fully legal — sports book in the country outside of Nevada.
Asher says that if sports betting is allowed in New Jersey it could dwarf the $3.6 billion that was wagered legally on sports last year in Nevada, opening up an entire new industry on the East Coast. “This is an area with some of the most storied franchises in American sports where billions of dollars are already bet on sports illegally.”
But now the issue is back before a federal judge, and all bets are off. 31 before U.S. They’re stuck in the past, still believing that betting on sports draws undesirables and is somehow a threat to the integrity of the games themselves. Lawyers for the four leagues and the NCAA will argue Oct. “I hope that signals a re-evaluation of what is obviously a mindset that does not comport with 21st Century reality.”
Unfortunately for would-be bettors, not everyone is enamored with the idea of sports betting. Daily fantasy sports wagering is exploding online thanks to a loophole in the federal law, and looks very similar to sports betting.
“I believe the New Jersey market once fully up and going would be at least three times the Nevada market,” Asher said. Gov.
And the sharp guys from Vegas are poised, ready to jump in when they get the word.
The NFL, meanwhile, holds games every year in London where there are betting parlors on every block offering a line on the action. District Judge Michael Shipp that the injunction he issued last year upholding the ban should stay in place despite Christie’s announcement that the state would not be involved in regulating the betting.
New Jersey residents want it, voting overwhelmingly in 2011 to permit sports betting at race tracks and casinos. An end-run around the federal prohibition of sports betting in all but four states is once again in play.
Mostly empty now except on racing weekends at the horse track little more than an hour from Manhattan, it may not stay empty long. “This is a very sizeable market.”
It might not be long, though, before you can order an NFL three-teamer to go with that trifecta on the ponies.
There’s a brand new sports bar at Monmouth Park with televisions hanging from nearly every available rafter.
The William Hill Race and Sports Bar would become the William Hill Race and Sports Book. And that could be a game changer for anyone in New Jersey who likes to have a little action on their favorite team.
. It might even help rescue Atlantic City casinos that are struggling to attract customers in the wake of casino expansion around the country.
“We’re built out and ready to go,” said Joe Asher, who heads operations for betting giant William Hill U.S. The online market could explode, much like it is in Nevada where 36 percent of William Hill’s handle comes through bets on its mobile app.
“Obviously we read with great interest Commissioner Silver’s comments,” said Asher, whose company runs more than 100 locations in Nevada and 2,400 shops in the United Kingdom. There’s no shortage of sports fans in the New Jersey/New York area, and bookmakers believe they will line up from opening day on with fistfuls of cash to wager on games.
There are some signs that even that may be changing. They don’t understand that it’s a lot easier to monitor betting trends in legal books than with an illegal bookmaker operating out of a corner bar.
For now, though, the NBA and the other major sports leagues are lining up against betting in New Jersey. Betting is limited to the expected finishing position of the horses on the track.
Of that, there is little doubt. And last month NBA Commissioner Adam Silver said at a business conference that he was not opposed to the idea of sports betting and expected his league to participate in it at some point
Should the door open in New Jersey, though, other states will surely follow, much the way they did when Atlantic City became the first place outside of Las Vegas to legalize casino gambling. Chris Christie signed a bill into law approving sports betting, only to see it derailed in court because it conflicts with federal law.
Right now all they’re selling at the sports bar at Monmouth are food and drinks
In sports betting odds, such as football odds is becoming more vibrant each year. Money line in sports betting odds is decided by the event winner with no regard to the point spread as there is occurs no point spread. In such sports like boxing, the only thing that counts is who wins and who loses, and in such cases, the money line wagering enters in!. In sports betting odds, the odds are termed as “MONEYLINE”.The sports betting odds there are no point spread for many of the sports such as boxing, tennis etc as there occur no way to measure the points or score in which the player wins or loses by. The sports betting odds makers set the money line, as more money must be risked for the favorite or the person expected to win and very less on the underdog or the person more likely to lose, so that there occurs a balance between both sides of the contest.
In college, also sports betting odds have taken reign even though it might be considered illegal by many.
In sports betting odds, the odds are made not by the common people. The main basis of the wager is the straight up outcome, which is not in to a point spread. It is an entirely different case in sports betting odds, as about 75% of odds are established for the licensed Sports Books in Nevada as well as for Oregon State Lottery by Las Vegas Sports Consultant Inc, which is run by Michael ‘Roxy” Roxborough. Apart from this, he also works as a consultant on gaming management, strategies, personnel and marketing. And most of the illegal books of Nevada draw their odds from casinos. This field is considered as a way to make huge profits if the person is a smart bettor who has practiced proper money management. But even then, there occur many loopholes through which people play their own gaming!
In sports betting line, money line is like point spread that is used to equal the attractiveness of the favorite and the underdog for the person betting. In sports betting odds, there are many things, which are illegal such as transmitting information on gambling across the state for placing, or taking bets is considered illegal. The bookies set a lot of numbers by keeping the public in mind and the person who begins to study can understand easily as to how the person can gain more and on the numbers set by the bookies.
Sports betting odds can be defined as “the likelihood of an outcome occurring that is stated in a number form”
· Parlays: Parlay form of betting enables sport fans to have multiple bets on a sport activity.
Have you ever tried betting on the outcome of a sporting event? Sports are a great source of entertainment for people of all ages. The demand for different sports has resulted in increase in demand for Sports betting line all over the world. This form of betting rewards successful bettors with a large payout.
Sports betting enable sports fans to wager on various sports competitions including golf, basketball, hockey, soccer, horse racing and boxing. Though many bet on sports to make money there are many who bet just to add that excitement and anxiety to the sports activity.
· Proposition Bets: This is an interesting type of sport bet whereby wagers are made on a very specific outcome of a match.
· Run line, puck line or goal line bets: These are fixed point-spread bets that offer higher payouts for the favorite and a lower one for the underdog. The demand for different sports in different seasons varies the betting volume of sports book throughout the year.
· Future Wagers: These types are wagers are predicted for the future activity of any sports. Many sports fans believe that sports betting increases the excitement of the game, which thereby benefits the leagues, teams and players.
Different sport fans have interest in different types of sports activity and increase their wagering amount when the specific sports activity are going on. Sports’ betting is a general activity whereby you can predict sport results by betting on the outcome of any sporting event. For instance betting on the number of goal that each team will score or betting that a basketball player of one team will have more hits that another player of the opposing team.
There are different types of sports bet available for a sports gambler. No matter which is your favorite sport game the excitement and the anxiety that it creates is just difficult to express. For instance a certain NFL team will win the Super bowl for the upcoming season.
In the question above, it would be much better to be a 55-percent handicapper if you were playing 150 games a month, as opposed to a 60-percent handicapper playing one game a day. A winning percentage of 55-percent sure doesn’t sound as sexy as a 60-percent handicapper, but if your volume of plays is high enough, it can certainly be much more profitable.
. And as is the case with the Arkansas-based giant, many times this will be more profitable than being extremely selective and doing a small amount of volume, even if the mark-up is higher.
If somebody were to ask you if you would rather be a 60-percent handicapper or a 55-percent handicapper, which would you choose? The obvious answer is that it’s better to be a 60-percent handicapper, but that isn’t necessarily true.
For the bettors that do their own handicapping, however, units won is really the only thing you should be concerned with, as that ultimately is going to translate into the bottom line. At the end of the month, the 55-percent handicapper would have gone 83-67 for a gain of 9.3 units, while the 60-percent handicapper would have gone 18-12 for a profit of 4.8 units, so the 55-percent handicapper has made nearly twice as much.
With baseball season coming back in about 4 months, many sports gamblers will be seeing ads from different sports services claiming winning percentages of 65-percent for baseball, and that’s entirely possibly, but what the services aren’t saying is that the majority of their selections were favorites of -200 or more, turning that 65-percent handicapping into a losing proposition.
Making it more difficult for sports bettors is that some sports services will claim to have won 200 units in a particular sport, but don’t mention that they release 10- or 20-unit plays, along with several 100-unit “locks” at the end of the year if things aren’t going so well and they need something to base next year’s advertising on.
The 55-percent handicapper is using what is commonly referred to as the Wal-Mart Approach, which is to have a lot of volume with the expectation of grinding out a small profit. The only statistic that sports bettors should be concerned with is units won, which is the amount of profit, or loss, they have over time, and not worry nearly as much about winning percentage
The difference in the payoff is because the Dodgers were not given very good odds of winning.
Are Parlays Good Bets?
The simple answer is no, especially parlays involving point spreads or totals. If the bettor places a $10 wager, they essentially would have a $10 bet on the Dodgers +160, which will return $26 should the Dodgers win, and then would have $26 on the Cubs -130. While a parlay made against the point spread assumes a 50-50 chance for each team of winning, money line parlays do not. Simply stated, a parlay is a collection of two or more sides or totals that you bet on and all of them must win in order for you to win your bet. For example, the true odds of winning a three-team parlay when making point spread wagers are 7-1, while the payoff is only 6-1, and it gets worse as you bet more teams. In parlays involving point spreads, the payoff are fixed, while money line parlay payoffs are determined by the odds of each team.
Point Spread Parlays
The odds on a typical parlay involving point spreads, including totals, are generally something like:
To read more about parlays, see Parlay Cards, Finding Correlated Parlays or Betting Baseball Parlays.. The payoffs a bettor will receive should they win are quite different in the two. Contrast the $36 profit with the $26 profit a bettor winning a $10 point spread parlay on two teams would make. The odds of the payoff are much less than the true odds. All of your bets must win, or at least tie, in order for you to win.
What this means is that a bettor making a wager on a five-team parlay stands to win $25 for every $1 if all of their games win, while a correct eight-parlay will payout $150 for every $1 wagered.
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Money line parlay payoffs are calculated on the odds of the game, so there is no advantage or disadvantage in playing them.
Sports Betting – How to Bet Parlays
Parlays are by far the most popular of the exotic wagers, as they offer the potential for a big payout from a small wager. The ability to win a lot of money for a small bet is the primary reason parlays are popular with a number of sports bettors.
Money Line Parlays
Money line parlays do not use fixed odds, because the odds of winning vary greatly from team to team. Should the Cubs also win, the bettor has turned a $10 wager into $46. The chances of the a good baseball team with its ace pitcher on the mound defeating a mediocre opponent are going to be greater than 50 percent and the payout if the parlay hits will reflect this.
To put it in simple terms, money line parlays take the amount of your bet and place all of the money on one team and if that team wins, recalculates your bet amount on the next team, again placing your entire wager on that team.
March 21, 2016.
Bettors should stick with straight bets when betting against the point spread or totals as it’s difficult enough to pick one winner, let alone two or more games and the odds you are asked to try and beat are nearly impossible to overcome in the long run.
2 teams 13-5
3 teams 6-1
4 teams 10-1
5 teams 25-1
6 teams 40-1
7 teams 75-1
8 teams 150-1
9 teams 300-1
10 teams 600-1
5 Hobbies That Give Your Brain a Workout
For example, say a bettor likes the Los Angeles Dodgers +160 and the Chicago Cubs -130. If you place a four team parlay, going 3-1 is no different than going 0-4. The true odds of hitting a 10-team point parlay are 1,023-1, while the payoff is generally around 600-1, so a parlay bettor is at a big disadvantage.
By Allen Moody
There are basic types of parlays, those wagered against the point spread and those wagered using the money line
What New Jersey hopes is that the opportunity to bet on football and basketball will bring in bettors who also throw a few bucks into slot machines and at blackjack tables. 9, 2014 by Chris Isidore @CNNMoney September 9, 2014: 5:26 PM ET
Don’t bet on that lasting.
“Everybody knows here that if you have a gentlemen’s bet or a small wager on any kind of sports contest, it makes you that much more…engaged in it,” Silver said at a sports forum in New York. States surrounding New Jersey all have casinos, and could act to legalize sports betting if they thought the Garden State was winning big.
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In Nevada, the sports books are the least profitable part of the casinos, accounting for just 2% of revenue. This week, Gov.
Leagues have opposed sports betting because of the possibility it could compromise their games’ integrity — a concern ever since the thrown World Series in 1919.
But New Jersey might not get a long-lasting edge.
Even if the obstacles are cleared, sports betting is not likely to be a cure for Atlantic City’s casino problems. The National Football League and Major League Baseball declined to comment. “That’s where we’re going to see it pay dividends.”
Related: Sports gambling vs. the stock market
NBA spokesman Mike Bass wouldn’t say if Silver’s comments represent a formal change in policy in the league.
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NBA Commissioner Adam Silver recently said it’s inevitable that legal sports betting could spread beyond Nevada, the only state that now allows it.
CNNMoney (New York) First published September 9, 2014: 3:18 PM ET
Legalized sports gambling would be winning bet for NBA & NFL – Sep. Chris Christie declared sports gambling decriminalized in casinos and racetracks.
But an attorney for the state’s casinos, Lloyd Levenson, says there are federal obstacles to legalized sports betting that need to be resolved. And he hinted that his league might be less opposed than in the past, primarily because of the interest gambling generates. He says the casinos hope the problems can be resolved in time for the Super Bowl in February. That’s the main reason that despite being an attractive and growing market, no major sports team is based in Las Vegas
The first state poised to try to join Nevada is New Jersey, where casinos are tumbling into bankruptcy and cutting thousands of jobs