Here is the hardest part to understand. Believe this, above all else – These on-line casinos were created to TAKE your money, not to give you any. THEN, I’ll come back the next day and do it again!”
Flawed thinking. It feels like the gods are against you, or some other such Voodoo magic has been cast on you! The real truth is, IT HAPPENS!
Try to beat roulette at your peril.
Would you accept the premise that if you bet on 1,000 spins in a row that you’d lose all your money if you were playing with the Martingale System? I’m sure there must be a tiny chance someone could get REALLY lucky to survive that many spins, but let’s accept that the chance you’d survive is so low, we’ll call it 100% chance that you would go broke playing that many spins in a row.
I’m going to call this the “Short Run Strategy Flaw”. Some days you’ll win that amount in just 30 spins, but some days it’ll take you 60 spins or more. Guess what? That just means that over the course of 25 days, you will have gone through 1,000 spins!!! As much as you can’t see this, THAT IS THE LONG RUN!!!
Now let’s say it takes an average of 40 spins to win $20. Day after day you do this. (This has happened to me.) You’ll walk into a casino, (or play at an on-line casino – it really doesn’t matter), and EVERY BET you make will lose! You just can’t even believe it when it happens. It’s likely going to be higher than 40, but to keep the numbers nice and round, let’s call it 40.. You just don’t know when that disastrous bad series of spins is going to happen. ROULETTE was created to TAKE people’s money. The next day another 40 spins, and you stop at $20. I just want to win for a little while each time. So many people have this flawed thinking.
They say, “I know that roulette can’t be beaten in the long run, but I don’t care about the long run. You can’t just wait until you get to 960 spins and say, “OK, now I’ll stop so I don’t get wiped out.” The disaster IS going to hit, and the truth is, you never know when! It might hit starting on spin 960, or it might hit starting on spin 500, or it might hit somewhere in the FIRST 40 spins!!!
So you play 40 spins in one day, and you stop after winning $20. It hasn’t happened to you, but one day it will. It only seems like it because of how often the Martingale System works. It is the perfect game, whether live or on-line. Nobody in the history of the planet has figured out a way to beat the game, and YOU will not be the first.
This brings me to the crux of your next question – On-line casinos don’t “let you win” for the first 5 minutes of play. I’ll just make $20 then I’ll stop
For example, instead of paying $2 for an Exacta bet that requires the horses to finish in an exact first and second place order, you can pay $4 for an Exacta Box bet, and you will win the Exacta bet regardless of which of the two horses comes in first.
Show Bet – A bet that the horse you chose will come in third (a show bet is also a winning bet if the horse you chose comes in first or second).
The reason why you need to start out with the Track Name is because you can bet on horse races at many tracks from the horse track you are currently at, so you need to specify the track to the betting clerk.
Trifecta Bet – A bet on the exact first, second, and third place finishers in exact order.
Win Bet – A m88a bet that the horse you chose will win the race.
Exacta Bet – A bet on the exact first and second place finishers in exact order.
Place Bet – A bet that the horse you chose will come in second (a place bet is also a winning bet if the horse you chose comes in first).
The following is the correct way to place a bet with a betting clerk:
Once you have taken the time to look over the racing program and the professionals’ advice, it is time to start figuring out which bets you would like to place for the upcoming race.
While there are a variety of bets, the following are the most common bets, and are more than enough for beginners. To keep things fun and not risk too much money, most beginners make $2 bets. Across The Board Bet) – Bets on the first, second, and third place finishers; each act as a separate bet.. The point is to have fun, not to go home without money you need to pay your bills.
Box Bet – Any of the above bets can be boxed for an additional wager. Never bet more than you can afford to lose. At this point, some people like to spend some time on the paddock to see the horses being walked from the stable to the track, as it adds to the horse racing experience and occasionally one might notice something about a horse that influences the way they bet, such as a horse that appears sluggish or one that seems like it is in exceptional shape.
To place a $2 Exacta Box bet on horse 2 and 5, you would say, “Track Name, $2 Exacta Box on Numbers 2 and 5″ (keep in mind that this is actually a $4 bet since you are boxing the bet).
Daily Double Bet – A bet on the first place finishers in two consecutive races.
To place a $2 Win bet on horse number 7, you would say, “Track Name, $2 to Win on Number 7″.
At least that’s what we all tell ourselves as our brackets are statistically eliminated after the first weekend.
Below is a list of some funny NCAA basketball bracket names that I have come up with, heard of, seen in some of my pools over the years, or saw on a forum at some point. Feel free to add to the list by leaving a comment with your funny NCAA bracket name and show the world that even though you know nothing about college basketball (or at least not as much as the blonde from the office who had her dog make all of her picks), you know enough to get a laugh out of your bracket name.. NCAA brackets with the best names have almost as much bragging rights as the people who actually win their pools. Coming up with a funny or witty NCAA basketball bracket name is almost as much fun as watching the March Madness games and cheering for teams that you know nothing about but picked to go to the Sweet 16 because of a tip you overheard while at the bar doing your “research” for the NCAA tournament
Sandoval had pushed for companies that want to offer online gambling to pay a $500,000 fee, while Horne, in the original bill draft, proposed $1 million.
The measure makes Nevada the first state in the country to approve interstate online gaming, notes CBS Las Vegas affiliate KLAS-TV, adding that it was put on the fast track Thursday. Gov. But when those efforts failed in Congress, Sandoval said Nevada would work toward agreements with other states.
Nevada wanted to beat New Jersey, its East Coast casino rival, to the online gambling punch.
CARSON CITY, Nev. It sailed through both the Assembly and Senate on Thursday after a joint hearing before the two judiciary committees.
He praised legislators for their swift action and commended Assembly Majority Leader William Horne, a Democrat from Las Vegas, for shepherding the bill.
Pete Ernaut, a lobbyist representing the Nevada Resort Association, said expanding the customer base was key.
“This was a lot of work and it couldn’t have been done without the governor’s leadership and vision,” he said.
Lawmakers in 2011 passed a bill that put Nevada in position to legalize Internet gambling if the federal government sanctioned it. The Senate passed it at midday and sent it to the governor’s desk for signature.
Several other states began looking into online gambling after the Department of Justice issued a letter in 2011 stating that the federal Wire Act of 1961, often used to crack down on gambling over the Internet, only applies to sports betting.
The benefit for other states, he said, is Nevada’s “most mature regulatory infrastructure.”
Under a compromise, the fee was set at $500,000, though it gives the Nevada Gaming Commission authority to change the amount. Senate and Assembly judiciary committees approved it, sending it to the Assembly where it passed unanimously. A renewal fee was set at $250,000.
Partnering with other states gives Nevada an expanded customer market and provides other states with Nevada’s expertise in gambling regulation.
“This is an historic day for the great state of Nevada,” Sandoval said, flanked by dozens of state lawmakers. New Jersey Gov. “Today I sign into law the framework that will usher in the next frontier of gaming in Nevada.”. Brian Sandoval signed legislation Thursday legalizing online gambling in Nevada, capping a dizzying day at the Legislature as lawmakers passed the bill through the Assembly and Senate as an emergency measure.
Horne, in turn, had equal accolades for the Republican governor.
Sandoval, a former chairman of the Nevada Gaming Commission added, “This bill is critical to our state’s economy and ensures that we will continue to be the gold standard for gaming regulation.”
Horne couldn’t resist at jab at Nevada’s gambling rivals.
“We have the most mature financial, auditing and collection capabilities, much greater than some of those states, and they have the players,” he said.
Sandoval and Nevada legislative leaders said it was important for Nevada to remain at the forefront of gambling regulation.
AB114 authorizes Nevada to enter into compacts with other states to offer Internet poker. Chris Christie previously vetoed an online wagering bill but has indicated he may sign an amended version next week.
Gambling regulators will now come up with regulations dictating compact parameters.
“It’s imperative for the success of this that we compact with other states because we don’t have a universe of players,” Ernaut said.
AG Burnett, chairman of the Nevada Gaming Control Board, said the state already has about 20 applications from various operators, equipment and software vendors to be licensed for online gambling.
“As to our competitor, New Jersey, they should be accustomed to following Nevada,” he said.
The bill approved Thursday resolved a disagreement between Horne and the governor’s office over licensing fees
Once you have identified horses that have proven they can win at the distance, surface, and level, find out if the horse who is the likely favorite in the race has done the same thing.
. The goal of playing the ponies is to make money, a profit. Is it coming back from a long layoff? Does its form seem to have tapered off?
There is no one single formula for finding good long shot bets, but there are a few clues. Now comes the tricky part. Now circle each horse that qualifies. Handicapping horse races for profit and trying to make money betting on races is hard enough without going after those horses who seem so unlikely to win.
What you are trying to find out is if that horse can improve today and also if the favorite is a false favorite.
But when a longshot does win, somebody cashes tickets on that winner. This is the single most important clue to finding a good bet on a horse going off at long odds. Figure out why the horse you circled is now a long shot if it has indeed proven itself capable of winning a race such as today’s race. If you have the ability to watch the pools and spot inside money it is also helpful to know if the barn is betting that longshot.
Next, look at each one of these racers and see if it has ever won at the distance, on the same surface, and at the same class level or higher. So the real secret to making money on longshots is finding a person who can spot a good longshot bet in the racing form or program and then make money from the bet.
Every day, at race tracks all over the world, people are surprised when horses win races even though the horse has done it before under the same conditions. Since horses go in and out of form and also respond to training and equipment changes, any horse that once managed to do what is being asked of it today should be considered a threat especially when the favorite is vulnerable.
While most people would agree, after a few trips to the horse races, that long shot bets are where the money is, however, after losing money trying to win a few, most will agree they are also difficult to hit. Before the races, go through the racing form and find every horse that is in the morning line at 10-1 or higher.
It does happen sometimes, but before you declare that person a genius, find out if he or she is ahead on his or her bets. Do you ever wonder who had the horse and if it is all the people who just play their lucky number? Does it ever occur to you that someone actually looked at the racing program and picked that horse to win for a reason?
It is amazing how many times you will find a race where the favorite has not done what is being asked of it but another horse, going off at long odds, has done it
These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”
1. Chasing losses is the fastest way to the poor house.”
And remember, in the immortal words of “Fast” Eddie Felson, “Money won is twice as sweet as money earned.”
Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”
Also, it’s probably a good idea to disregard advice from the myriad of ex-players and football experts you see on television each week. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”
“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas. Shop For Numbers – “Another important aspect of betting on football is shopping for the best number,” Moseman explains. The only locks that exist are those that need keys to open them.”
So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below. Slim underdogs regularly win outright. Avoid Chasing Bets – “Don’t do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day,” cautions Moseman on the dangerous practice of trying to immediately win back your losses.
So, how much are we gambling each football season?
“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says. Oakland comes to mind) seem like the Super Bowl. “Teams play inspired ball at home. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years. Also, being “in action” can make a dull late-afternoon game (Buffalo vs.
“A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains. The payout is just the same as far as he is concerned. He is not taken in by being involved in USC-Notre Dame just because it is the biggest watched game of the day. If North Texas is his best bet on a Saturday then that is his bet.
So, how much should you bet a game?
5. If you want advice about sports betting, find someone who has a successful track record. “For example, if you have a $1,000 bankroll for the season, you should generally bet no more than $50 a game.” .
“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says.
Another difference between squares and sharps is how they approach betting on game day.
3. Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns. Not all games work according to this formula, but it is usually a good rule of thumb.”
Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks. Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says. “The sharps are usually members of a betting syndicate privy to the most up-to-date information on injuries, weather, game plans, and, most important, the real power of the teams involved. Thanks to the juice, the only one who profits in this scenario is the bookmaker. Consider Underdogs – “In the long-run, it’s easier to win betting on the underdog,” Konik says. “As for me, the best bet in football is betting the point spread or over/under totals on individual games.
However, Konik adds that there are some bettors who actually know how to beat the bookies. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd.”
4. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says.
10. “Thus, the bookies love and cherish the squares.”
While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season.
8. “If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can. “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make.
Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.
Although exact figures are impossible to calculate, according to Jimmy Vaccaro, widely considered to be Las Vegas’ most influential bookmaker, Americans probably wager more than $50 billion a year on NFL and college football combined. To be a successful sports bettor you need to operate with a clear mind.”
But even though the math says it’s virtually impossible to win on a consistent basis, Americans continue to bet on football. “He is not jaded by teams and does not bet with his heart. “Common wisdom says that over the course of a long football season the average man or woman will pick approximately 50 percent winners. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. “In the NFL, a game will often be totally turned around by one or two plays, or even a single penalty. Focus on Conferences – “The best way to win money betting football is to develop a niche and follow it closely,” Moseman advises. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites. “The key to proper money management is to be sure not to bet more than you can afford to lose.”
“The talking heads on TV know nothing about sports betting,” says Sevransky.
Certainly not back into the pockets of the average bettor. The NFL, for example, will have very similar numbers at most of the betting shops you visit. So underdogs tend to be slightly undervalued – except by the sharps.”
6. Giving 11 to 10 odds is almost always the cheapest price you can give.”
Betting on football games; whether it’s through a local bookie, an offshore Internet site or a Nevada casino (still the only legal place in America to make football bets), most of us have done it or know of someone who has. There are almost an infinite number of scenarios that can happen in a single football game. On college you will be able to find different lines at different sports books. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005). There is a wealth of information on the Internet; it is just up to you to find it and research it daily.”
“The biggest mistake that amateur bettors make is they increase their bets when they are losing,” Sevransky says. “Squares usually bet later in the week and they tend to pick the favorites. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline. “Over the course of several seasons, the percentage of bettors who turn a profit is minuscule.”
“There is probably no better bet in sports than playing an underdog at home,” Moseman says. “Most people prefer to bet on the ‘better’ team, the one that will probably win the game. “There will be more discrepancy in the numbers at different sports books.
“The standard bet requires gamblers to lay $11 for every $10 they want to win with the extra $1 or 10 percent known as the juice,” Konik says.
“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says. Otherwise, you’re better off doing your own research.”
Moseman agrees and especially likes home underdogs.
Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.
9. “If you listen to their advice, you are sure to lose. “When you’re in a good rhythm and winning, you want to increase your bets.
2. In fact, sports bettors must pick 52.4 percent winners just to break even.”
And where does all that money go?
But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.
“The bookies fear and despise a tiny coterie of professional bettors known as ‘the sharps,’” Konik says
(Which we actually had to seek outside help on. Congratulations again!
And to all book bloggers, whether you won this year or not, thank you for spreading the love of books with others. We’re writers after all and statistics are not our forté. You responded with over 120 nominations.. Then, we had our expert judges rate each blog using a complicated formula. So, thanks Scott!) You can see how the winners were chosen here.
Huge congratulations to the winners!
If you’re a winner, post this award image on your blog sidebar, linking back to this page. Spread the word, sharing the results through Facebook, Twitter, and with your book loving friends.
The Book Wheel
In Which I Read Vintage Novels
Living A Writing Life
The Top 10 Blogs for Book Lovers
At Story Cartel, we love books. We asked you to help us find the best blogs for book lovers by nominating your favorite book blogs. We appreciate you.
Book lovers, make sure to check out these amazing blogs.
We hope these excellent blogs help you satiate your love for books!
We narrowed that list down to 20 book blog finalists
If the success rate for handicappers is 5-10% then it is probably 1-2% for those depending upon luck.
The way you make money handicapping and betting on horse races is in finding a good bet.
For some people, horse racing handicapping is an intellectual sport and they prepare themselves and work hard at it. The thrill of winning is probably pretty close to the same for each group, though the handicappers also have the satisfaction of working hard and getting rewarded for it.
Your chances of success are much greater if you educate yourself, prepare, practice, and work hard, but there are no guarantees.
The big advantage that the handicapper has over the gambler is that he or she has an idea of each horse’s chances of winning and therefore, how much a horse has to pay to win in order to make money on such bets in the long run. That edge is what separates gamblers from handicappers and is why, in the long run, handicappers win more, but in all fairness, they don’t just win it, they earn it.
On the other hand, the ones who depend upon luck invest nothing but money and very little time. The ones who depend upon luck or some other esoteric method are more like lottery players than handicappers, but the thing they all have in common is that all there money goes into the same pool and some from each group will be successful while many will not.
There are thousands of people trying to make a living from horse racing by handicapping the horse races and then betting on horse races. There are many more people, perhaps millions around the world, trying to make money betting on horse races depending upon luck or some other system to be a winner.. The only work they do is to walk into the club house and maybe read a simple list of horses and riders
Figure out why the horse you circled is now a long shot if it has indeed proven itself capable of winning a race such as today’s race. Once you have identified horses that have proven they can win at the distance, surface, and level, find out if the horse who is the likely favorite in the race has done the same thing.
. Since horses go in and out of form and also respond to training and equipment changes, any horse that once managed to do what is being asked of it today should be considered a threat especially when the favorite is vulnerable.
Next, look at each one of these racers and see if it has ever won at the distance, on the same surface, and at the same class level or higher. This is the single most important clue to finding a good bet on a horse going off at long odds. While most people would agree, after a few trips to the horse races, that long shot bets are where the money is, however, after losing money trying to win a few, most will agree they are also difficult to hit. Do you ever wonder who had the horse and if it is all the people who just play their lucky number? Does it ever occur to you that someone actually looked at the racing program and picked that horse to win for a reason?
Every day, at race tracks all over the world, people are surprised when horses win races even though the horse has done it before under the same conditions. Handicapping horse races for profit and trying to make money betting on races is hard enough without going after those horses who seem so unlikely to win.
It is amazing how many times you will find a race where the favorite has not done what is being asked of it but another horse, going off at long odds, has done it. If you have the ability to watch the pools and spot inside money it is also helpful to know if the barn is betting that longshot.
There is no one single formula for finding good long shot bets, but there are a few clues. Is it coming back from a long layoff? Does its form seem to have tapered off?
It does happen sometimes, but before you declare that person a genius, find out if he or she is ahead on his or her bets. So the real secret to making money on longshots is finding a person who can spot a good longshot bet in the racing form or program and then make money from the bet.
What you are trying to find out is if that horse can improve today and also if the favorite is a false favorite. The goal of playing the ponies is to make money, a profit. Before the races, go through the racing form and find every horse that is in the morning line at 10-1 or higher.
But when a longshot does win, somebody cashes tickets on that winner. Now circle each horse that qualifies. Now comes the tricky part
Here are presently a few oddments of sports gambling guidance that will assist you return from this potentially productive marketplace.
Your gambling bank or staking arrangement must be worked out in combination with your gambling methods. The accessible funds must be ample enough to coat any trailing stripe you may have and sufficient to gradually pick up flipside into profit. Afforded your method is a winner and your gambling pool and gambling plan is appropriately worked out inside that scheme, then ultimately your losing stripe will twist around and your method will become lucrative once more.
Choose a system which is already proved
If are not somebody who can waited restricted and alerted on whatsoever betting approaches you are with then you ought to not even think taking it up as a severe alternative.
Becoming triumphant at gambling on games is attainable but having an approach and fastening to it is vital for that to occur. To know about different sports betting techniques visit this link.
The most significant piece of games betting suggestion I can provide you is – find a scheme that is a confirmed victor. It must not be also complex. If your methods are so perplexing that you are unsure you are receiving it precise then, noticeably it is useless to you.
Betting Through Bank
. It is when effects start to go erroneous and you have go on boarded upon a trailing stripe that the regulation of sticking to your scheme and staying inside your betting plans suits the most hard thing to do. A betting plan must typically be from 1% to 2% for a method that entails you to enlarge your gambles after a slaughter and from 5% to 10% for a method that remains level bets at all instance. It should be one that has revealed to return constantly over a long phase of instance. This is a vital piece of games betting guidance.
Sports betting champ provide unique content related to betting which will guide you on your journey toward a perfect bettor