Tag: Explained

"Calculating Sports Betting Probabilities" – Sports Betting Probabilities Explained

Betting on sports to win and profit is everyone’s objective at the end of the day when putting their hard-earned money down on a team, player or sports series in general. Calculating Sports betting probabilities yourself is possible and profitable; you just have to be prepared to put the effort in to reap the rewards.

Odds show the implied probabilities, an indicative way a game is going to go, or the chance a team or player is going to win. No matter how you interpret it the odds are the same internationally you just need to know the conversions. Odds of 6/1 are the same as us odds of +600. Internationally this is seen as a decimal of 7.00. If your using betting software or a betting bot the chances are this will be in decimal format.

When calculating sports betting probabilities you need to remember that the odds are heavily based on the team statistics, results from previous games and individual players. If a first rate team is going up against a lower ranked team, the odds are going to be heavy on the first rate team since they are expecting them to win.

Since they are only figures you will also need to keep in mind things such as the weather, where they are playing, who’s on top form, previous performances on that pitch and how they’ve done against that team in the past. The figures give you a good heads up of the way it’s going to go.

Using the figures as a guideline, you should then figure out for yourself which way the game is going to go. If you think Team A have a good chance of winning and the bookies and betting exchanges don’t it’s worth staking a small amount on that team because the odds will be high. This is a far smarter move than putting a big amount of money on a team that is favored by all the bookies and exchanges at really low odds. Both will have a similar profit margin, but putting a small amount on higher odds will mean a smaller liability should it go wrong.

I’ve been trading a while and looking at and playing round with a lot of different systems, some good, some not so good, if anything, I’ve gained a lot from all of them, especially when it comes to mixing and trying out different things and systems.

Out of all of the systems I’ve tried, and developed, the one that is truly ground breaking and has stood out above the rest in my opinion can be found here: Sports Betting Champ


Spread Betting on Horse Racing Explained

I did briefly touch on spread betting on horses in a previous article, so as promised, I am going to elaborate on it in this article. I have noticed that spread betting is becoming a more popular way for punters to bet on horse racing, as if it’s done correctly it can enable you to really rack up large amounts of cash in a relatively short amount of time.

As with all gambling however, the risks are still there. If you’re new to horse racing or a bit of a novice punter, you should be aware that spread betting on horse racing is a little complex, and due to the nature of how it is structured, although you can win big it can also cause you to lose a drastic amount of money if you are not careful. This makes it absolutely essential that you must be sure that you clearly understand the methods of spread betting on horse racing.

Spread Betting On Horses Is Growing In Popularity

Spread betting is a concept that is traditionally more popular with sports that have the potential for big winning margins, so American football, rugby, cricket and darts immediately spring to mind. Its also used by people who want to bet on the financial markets and so they bet on whether a stock will rise, fall and by how much.

I’m not actually convinced by spread betting on horses myself, as I find that the risk is just too high, yet many people successfully achieve great results with it. For many, it’s a more intriguing and enjoyable way to take calculated risks but everyone has to be aware that the risks are also pretty high, and this is what dissuades many people from trying it.

How Do You Go About Spread Betting On Horses?

The first type of spread betting on horse racing is based on what is known as the favourite’s index. Each favourite is awarded a certain amount of points. A hot favourite (for example at a price of 6/5) would likely get the maximum amount of points (which is 24), whereas a 9/1 favourite in the Grand National would only attract say eight points for the index.

Of course, what the bookies are doing here is protecting themselves, as the payout at 9/1 is going to be appreciably more that the 6/5, hence the reduction in the number of points. So with the allocation of points, a spread is created and essentially what punters will do is buy if they feel the horse will win, or sell if they think it won’t.

A real twist from traditional betting is that you can bet on the jockeys. The way jockey betting works is pretty much the exact same way as the favourite’s index, with the only difference being that you are betting against a quote of how great a race (or more than one) a jockey will have.

Predicting Winning Distances Will Pocket Cash Too

Similarly, the winning distance index is played in essentially the same way but with a slight difference, as points are awarded based how much you think a horse will win by. These are broken down into short head, head, neck, half a length, ¾ length, a length and then multiple lengths (two, five, ten etc).

Typically the going of a racecourse affects what the spread and points allocation will be for distance betting, and this is where the bookies can really earn their corn. Poor judgment of how the conditions are going to affect a race could cost the bookies thousands, so they have to get it right.

In my opinion, spread betting on horses involves too much work. That is not to say that I am lazy, quite the contrary, but there are multiple factors and several key things that have to be considered properly even before you consider looking at what to back.

I do prefer a more simplistic approach and perhaps this is why I have done well, as I have kept it simple. I’m also a firm believed in effective money management, and unlike traditional betting, or even betting on the Tote, you do not know how much you stand to lose with spread betting, until the race is over and then its possibly too late. That to me is a major drawback.

There are punters who do very, very well at this form of betting but call me old fashioned, I just prefer the more traditional approach, and certainly for all beginners out there, I advise that you do the same.

Cliff Thurston is the owner of Grosvenor Racing Club, a successful horse racing tipster service. You can also visit his renowned and often controversial horse racing blog, for the latest opinions and goings on in horse racing.

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Online Casino Systems Explained

Online casino systems are all the rage at the moment and to best honest the vast majority of what’s out there is complete rubbish. People will try to sell you online casino systems for all types of different games, Roulette is the most popular, but in reality none of them actually work. In fact most will only help you lose your money quicker than you have been in the first place!

Casino’s were not invented so that players could win and if online casinos found players using systems that were actually working do you really think they would allow these players to carry on playing and using the systems? They can detect if players are using software to place bets for them but they still allow you to do it. Why? Well quite simply because none of the software actually works. Online casinos love players who place a high volume of bets using a system because they are normally the players who lose the most money the quickest!

There’s a big difference between learning how to play a casino game and using a system. If you learn the odds and percentages then you can make the bets which have the least possible house edge meaning you are much more likely to win. There will still be a house edge but it will be a lot lot smaller than it was originally. These methods aren’t really casino systems but they do work and they will give you a much better chance of walking away from the table a winner.

If you want to really learn about online casino systems then check out this free winning Blackjack systems page.

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