ComputerHunter.org |
|
|
|||
|
 |
The Concept of Value in Sports Betting!
In sports betting you need to make sure that your bets (and trades) are good value in order to make a profit. If you do not do this you will still win bets but profits may be harder to achieve. Let me explain this last statement. I actually lose more bets than I win - but the prices or odds at which I bet compensate for the losing plays. If you bet all season long on the NY Yankees (US Baseball) or Arsenal FC (English Premiership) - to win each game - you will probably end up with a fairly good winning strike rate - but it is unlikely that you will make any money. The odds will be 'short' and you may do better to try and predict when these teams might falter - and bet against them at the over inflated prices being offered on the opposing teams. These opposing teams will most likely offer the value - as they are not the popular betting choice. When we flip a coin, we know that the true chance of it turning up heads or tails is 50% or 'evens' (1/1). As an example we set up a 'coin flipping' betting event. A neutral party begins to flip the coin. With each subsequent flip there is a definite preference for heads in the betting. The bookmaker or sportsbook takes this in his stride, he has already set the odds at 10/11 (-110 US) for either outcome which takes into account his commission. He knows that this trend is fairly usual as heads is often favored in this type of event. He decides, however, to balance his books a little by reducing his odds on heads to 5/6 and increasing tails to 1/1. Heads is now an even shorter price and represents no value. Tails now stands at a slightly better price but still only represents the 'true odds' or likelihood of winning at 1/1 or 50% and so is not value. The event continues and still the betting favors heads. Why? Well the 'average bettor' does not really understand 'value', he does not understand that heads might well be a bad bet or hold no value. He just enjoys betting and since 'heads' is winning - he wants to bet on heads. The bookmaker balances his books again with a dramatic shortening of the odds for heads to 4/9 and a lengthening to 6/4 (+150 US), on tails. At this point the professional bettor would step in and begin to place bets on tails. He knows that he has got value at 6/4 for an event where the 'true odds' of success are 1/1. About The Author Daniel B. King has been a professional sports bettor and trader for seven years. He offers advice to a number of high profile sportsbooks: - all of which are industry leaders in the sports betting and gambling field.
Google News - Top Stories
|
|
|
|
RELATED ARTICLES
Video Poker - The Basics After Blackjack and Craps, video poker gives you some of the best odds in the casino if you play it right. It combines some of the fun of a slot machine with some of the fun of a table game, all without rushing you to play. This is why many professional gamblers use video poker as a means of relaxation in between the demands of blackjack or a table poker game. How To Avoid The 3 Destructive Traits Of Traditional Gambling / Lottery Systems There is over $120,000,000,000 spent on lottery systems along across the US and around the world. Yes, that's one hundred and twenty Billion on just lotteries not to mention the billions spent on other gambling systems. Blackjack Basics Of the card games that have been played since 900 AD, black jack has come into existence only in the 18th century. Alternatively named as 21, the game is a new one and requires a particular skill at the table. A vigilant eye, sharp memory and a good luck charm can be of vital importance to come out a winning hand at the game of blackjack. The game has gained popularity because of the ease with which it can be understood and played at home with the family members. It has been a part of the American picnic scenes and gatherings for some time now. The Silver Club Casino The Book is run by Leroy's Sports Book and is easy to get to. This is the best place to go if you want to make a bet and not wait in a line. It is also the best place to watch a game if you do not like big crowds. The Sports Book is very clean and it is not too smoky, very important if you are a non-smoker. The Silver Club Sports Book is located on the top floor, which is also home to 2 nice bars, several big screens, TV's throughout the top floor, pool tables, and slot machines. Las Vegas Interesting Facts Many have had their days of glory in the state of Nevada. But these three step out of the crowd, as they gave the name of the game. Frank Rosenthal Online Blackjack Blackjack is one of the most loved casino games out there. Yes, you can take some time off from work and travel out to Vegas to play or one of the many smaller casinos scattered around the country. Or, you can simply play online blackjack. Yes, you can play your favorite casino game right from the comfort of you home or maybe even at the office when the boss isn't looking! Online blackjack is just as fun and challenging and gives you the same rush as the real version. Online blackjack is at your fingertips this very moment! Texas Hold em Poker Basics Texas Hold em Poker (also know as Holdem Poker) is a card game which you'll take a few minutes to learn but many years to master. As a beginner you'll want to learn the Texas Hold em Poker basics - the rules, hands rankings and types of texas hold em poker. Poker Hand Rankings Poker hand rankings are one of the most important aspects of any poker game. When playing online poker, especially fast online poker games such as Texas Holdem Poker, you need to be able to quickly discern which cards are needed to create a better poker hand. Poker Americans play Poker in many places such as in casino card rooms, online and at home. It is estimated over $170 million in bets are made through online casinos everyday and this figure may double by 2006. Slot Machine Odds It probably more appropriate to call slot machines entertainment than gambling, as the house always - and we mean always - has an edge with slot machines. How to Master Low Limit Texas Holdem, Part 1 - Introduction I decided to start a series about how to learn and master Texas Hold'em because this is the most played game in the online poker rooms and it has large popularity. These tutorials are good for new poker players and we think the advanced players can find useful tips here, too. The Healthy Gambler In our day and age gambling is very popular. The problem is that many still see it as being wrong. Let's face it, the utmost human instinct is searching and wanting the easy potential gain. Rare are those who will refuse the luck of winning extra cash. No effort, easy money!!! Sports Betting Truths The first ever recorded sports bets, took place on 10 September 1858, by two spectators watching a game between the Brooklyn Eckfords and the New York Mutuals, placed a 100$ bet as to whether or not John Holden would hit a home run. Holden himself was assured 25$ if he hit, he did and after the game all the debts were settled. Gambling Addiction Basics The coming age has brought with it numerous new pathological addictions, one of them being addiction to gambling. Pathological gambling was conferred with the status of a disease by the American Psychiatric Association back in 1980s. Robert L. Custer, M.D., is a pioneer in this field of problem gambling. Would You Bet on Your Brand? - Three Strategies for Winning at Brand Poker It seems you can't turn on the TV without seeing some sort of World Series of Poker contest. Poker, especially, Texas Hold 'Em, has become extremely popular. It's not for crusty old men anymore. Poker has a new brand - it is now young, hip and cool. When branding your business, take a lesson from poker. See, match, and push are poker terms that can have major impact on your brand. Below is a review of how you can use these traditional poker terms to raise the level of your brand-poker game. Top 5 Reasons - Should You be Gambling Online? Why is online gambling the latest craze to hit the Internet? Let's face it the casino business is big bucks. Games played for money have found their way into any permitting city across the world. The epicenter has always tended to be Vegas but now a new variety is on the increase and it is called online gambling. So why will online gambling eventually overtake the glitzy world of concrete Vegas? 2005 AFC North Football Preview In the AFC North I expect to see the Pittsburgh Steelers who posted a mark of 16-2 straight up and 11-7 ATS overall last season to win a close divisional battle over the Baltimore Ravens who finished up their 2004 campaign with a 9-7 straight up and ATS mark and over a much improved Cincinnati Bengal team that finished with an 8-8 straight up record for the second straight year in 2004, the Brownies once again look to pull up the rear in what should prove to be the toughest division in the NFL in 2005. The Secrets of the Inside Numbers The Crapshooter Bonuscodes Party Poker : Get more for your deposit buck Bonuscodes for Party Poker are a great way to get a little extra. Imagine walking into your local casino to play some poker. You buy $300 worth of chips, and the cashier gives you $360. Wouldn't that be great? Well online casinos do this all this time. The internets largest poker rooms PartyPoker.com, offer lots of great bonuses. You can get $25 flat on your first deposit or 20% extra up to $100 on your first deposit. Sports Betting and Money Management Your bankroll must be protected at all costs, a good bankroll will get you thru the ups and downs of sports wagering.
|
|
|
|
|
