Beginners Tips For Online Sportsbooks

Online sportsbooks have defied all odds and become the most preferred betting platforms by most bettors. Their popularity is rising at alarming rates due to their simplicity and the user friendly features they offer. But how can you best benefit from online sportsbooks? Here are some of the tips suitable for both rookies and actively participating sports gamblers alike.

a) Try To Evaluate Common Betting Odds

The best and most secure way to learn online sportsbooks is by following and understanding the possibility of any successful bet to occur. You need to realize that betting lines usually correspond to the $50 mark. In cases where the figure is negative, then the bettor is obliged to bet a specific number of times to win the $50. For instance, whenever a betting line is -200, then it is mandatory that you gamble $200 to secure a $50 gain. But what if the betting line is positive? (e.g. +150). Here the rule states that you will gain a $150 profit for every $50 you bet. It simply means that you can make $50 extra if the betting line is positive instead of negative.

Also, if the betting is positive, there is always a guarantee that the bet is returned to the bettor collectively combined with the interest made. For example, if the betting line was +180, you are always assured of making a $230 profit which comes together with the $50.

It is necessary to know that we have used the $50 example as a betting line in this context but it can be any figure.

b) What Online Sportsbooks Are You Familiar With?

You can participate in any online sportsbook as long as you know the betting odds. There are three commonly recognized types of sports bets, which include the moneyline, the total and finally the side.

A “moneyline” bet is the easiest and fastest online bet type. It doesn’t involve many attributes; it is simply a bet made on who will be the winner between the opponents. Bettors can give any stake which normally doubles if the team the person supports wins.

Another common online sports bet is the “side.” The side is usually used by the betting liners to find the equilibrium between the two gambling sides. This is a complicated type of bet but is widely used by US gamblers. For instance, if the lines maker decides that Arsenal leads Manchester United by 15 points and you decide to support Arsenal -15, then you are likely to obtain the odds of -65. This is only if Arsenal beats Manchester United by 15 points. But the condition is reversed if Arsenal gets less than 15 points. In this case Manchester United is declared the winner. Lastly, in the case of a draw, all the bets are returned to the gamblers. This is called a “push.”

The “total” is also another popular online sports bet. But how is it played? It is a bet that determines the overall points summed up from both parties in any sporting event. The lines maker may decide to set a specific point total such as 30. If one decides to bet less than that mark, this is called “under,” otherwise it is called a “push” for any bet above the 30 point mark. A draw bet is also called a “push,” which directly implies money should be returned to the bettors. However, it is not easy to bet a draw and as such the lines maker normally creates a betting line where it is possible to find the winner.

With these tips about online sportsbooks, I think you can eventually rise up and become an expert sports bettor.

Getting an Edge in Sports Betting: Contrarian Sports Investing

Many people enjoy sports, and sports fans often enjoy placing wagers on the outcomes of sporting events. Most casual sports bettors lose money over time, creating a bad name for the sports betting industry. But what if we could “even the playing field?”

If we transform sports betting into a more business-like and professional endeavor, there is a higher likelihood that we can make the case for sports betting as an investment.

The Sports Marketplace as an Asset Class

How can we make the jump from gambling to investing? Working with a team of analysts, economists, and Wall Street professionals – we often toss the phrase “sports investing” around. But what makes something an “asset class?”

An asset class is often described as an investment with a marketplace – that has an inherent return. The sports betting world clearly has a marketplace – but what about a source of returns?

For instance, investors earn interest on bonds in exchange for lending money. Stockholders earn long-term returns by owning a portion of a company. Some economists say that “sports investors” have a built-in inherent return in the form of “risk transfer.” That is, sports investors can earn returns by helping provide liquidity and transferring risk amongst other sports marketplace participants (such as the betting public and sportsbooks).

Sports Investing Indicators

We can take this investing analogy a step further by studying the sports betting “marketplace.” Just like more traditional assets such as stocks and bonds are based on price, dividend yield, and interest rates – the sports marketplace “price” is based on point spreads or money line odds. These lines and odds change over time, just like stock prices rise and fall.

To further our goal of making sports gambling a more business-like endeavor, and to study the sports marketplace further, we collect several additional indicators. In particular, we collect public “betting percentages” to study “money flows” and sports marketplace activity. In addition, just as the financial headlines shout, “Stocks rally on heavy volume,” we also track the volume of betting activity in the sports gambling market.

Sports Marketplace Participants

Earlier, we discussed “risk transfer” and the sports marketplace participants. In the sports betting world, the sportsbooks serve a similar purpose as the investing world’s brokers and market-makers. They also sometimes act in manner similar to institutional investors.

In the investing world, the general public is known as the “small investor.” Similarly, the general public often makes small bets in the sports marketplace. The small bettor often bets with their heart, roots for their favorite teams, and has certain tendencies that can be exploited by other market participants.

“Sports investors” are participants who take on a similar role as a market-maker or institutional investor. Sports investors use a business-like approach to profit from sports betting. In effect, they take on a risk transfer role and are able to capture the inherent returns of the sports betting industry.

Contrarian Methods

How can we capture the inherent returns of the sports market? One method is to use a contrarian approach and bet against the public to capture value. This is one reason why we collect and study “betting percentages” from several major online sports books. Studying this data allows us to feel the pulse of the market action – and carve out the performance of the “general public.”

This, combined with point spread movement, and the “volume” of betting activity can give us an idea of what various participants are doing. Our research shows that the public, or “small bettors” – typically underperform in the sports betting industry. This, in turn, allows us to systematically capture value by using sports investing methods. Our goal is to apply a systematic and academic approach to the sports betting industry.

Is This The World’s Fairest Casino?

We all know casinos are built to make money from poor saps like you and me, yet no matter what, people keep on gambling. However, this article isn’t on the socio-psychological habits of gamblers, this is a look into what could possibly be the world’s fairest casino.

Just quickly, in case you don’t know why casinos aren’t fair, it’s because of a thing called the ‘house edge’. This is something that gives the casino an advantage over the player, for example the ‘0’ or ’00’ slots on a roulette wheel which mean the player automatically loses and the house wins. All casinos (well not all anymore as we’re about to learn) have a house edge on all their games, giving them the inherent ability to make money.

Then comes along BetFair. BetFair is an online casino that has been operating for a while, though they’ve just launched what they call their ‘Zero Lounge’. This is an area of the casino where most of the house edges have been removed from their games. For example in roulette, the ‘0’ slots in the wheel have been removed, making the game just as fair for the player as it is for the casino.

In the casino and gambling world this is absolutely astonishing. No casino previously has ever considered doing anything like this as it would basically take their guarantee of making cash away from them and put them on an even playing field with the player, though despite this, it’s exactly what BetFair have done.

The only logical reason I can surmise is that they’ve done it is to draw players to the site in the hope that once there, you’ll also spend money elsewhere on their webpage like their sports betting. If this is the case, it’s an absolutely fantastic marketing ploy to get customers to the site. Hell, it got me to go there!

One game which hasn’t technically had the edge taken away is blackjack because you still can’t see the dealer’s second card, however they do give a higher payout if you achieve a two card blackjack.

Anyway, this isn’t a plug for the casino at all, just a tip that if you want to bet somewhere that you can actually say your odds are even with the casino, then this would be the only place on earth I know you can do this.

To Stop Gambling Problems, NLP is An Effective and Easy to Use Treatment

One of the more effective treatments to stop gambling is the NLP stop technique. NLP is neuro linguistic programming. Simply stated, when anything becomes a habitual behavior, it builds neural pathways in the brain. The brain becomes “wired” to perform that particular behavior. Every time the behavior is repeated, the programming goes deeper and becomes more entrenched.

Sometimes this pattern of wiring the brain is useful. For instance, when any new skill, like playing the piano, is learned, we read music and move our hands through conscious effort, but after repetition, when the brain becomes wired and the neural pathways are formed, we automatically move our hand to the proper keys when they eye detects the notes on the page. Another skill that becomes a habit and is stored in the subconscious is driving a car. At first, the student driver must try to remember everything but after a while it becomes automatic and the driver may drive down the road and think about things other than driving, even talking on the phone, while safely driving.

The key, of course is that these skills and habits re stored in the subconscious mind, also called the unconscious because we seem to do many things, unconsciously, without thinking about them.

Neuro linguistic programming means training the brain using words to form new neural pathways. One NLP technique is the stopping technique. A skilled hypnotherapist guides the client to a relaxed and accessible frame of mind and then has the client picture him or herself starting to do the unwanted behavior, in this case, gambling. Just as the client forms a picture of gambling and the neural pathways for gambling are stimulated, the therapist says “stop!” and the client lets the scene fade from his or her mind. As this is repeated, over and over, the neural pathways are rewired and the urge to gamble begins to fade away.

The neural pathway isn’t gone, it is simply rewired and the problem gambler has developed a new habit, non-gambling. Of course, the gambling problems never really go away completely so it is a good idea to continue with a good 12 step group of some other form of support.

Specially trained therapists can use the NLP stop technique and in several sessions get the problem gambler on his or her way to recovery. Another alternative is MP3 files that can be downloaded from the internet or even listened to online.

The key to successfully using these relaxing guided meditations is repetition and a positive attitude. Because they are so simple to use many people are now using them on a daily basis. You never know, that person sitting on the plane beside you with the headphones attached to the little MP3 player may be treating him or herself for a gambling problems or some other unwanted behavior. It is that simple and widely used.

Wooden Poker Chip Cases – Practical Advice For the Poker Enthusiast

Home poker tournaments and Texas Hold-‘Em games have been gaining increasing popularity over the last several years. Whether a seasoned poker player or a weekend warrior, most of us end up hosting our poker tournaments in the kitchen, basement, or garage due to limited space at home. I usually end up with stacks of poker chips lying around and have to organize them every time the gang comes over to play poker. Another problem is that not all of my friends have enough poker chips, and I have to transport my chips back and forth to my friend’s houses. During my travels, my expensive chips face the risk of damage or getting lost in transport.

The solution… A custom wooden poker chip case with removable chip trays! The chip case can solve a multitude of storage, organizational and transportation problems. A quality case will allow you to sort the denominations of your chips and neatly organize them. Wooden poker cases may include chip trays that can be used to protect and store your poker chips, or can be removed to stack player’s chips at the poker table. Often times, chip trays come with the poker case as a set, but can be bought separately depending on your needs. I found that walking into a poker game with your own poker chip case establishes a great impression. Further, it lets people know that I am serious about my game.

There are a multitude of poker chip cases and trays on the market, from inexpensive plastic trays to outrageously expensive sets. If you have clay chips like me, and not those cheap knock off ones from Wal-Mart, you will want to store them in a suitable case. The last thing you want to be seen lugging around are those aluminum attaché cases. In my opinion, those are not worth the shipping cost! I have found that the wooden cases look classy in any room. Many people think the poker chest is a fine cigar case or decorative storage box. The case is perfect for organizing your chips, and also provides a place for you to keep your cards and buy-in cash. This is excellent because you don’t have to worry about cards getting bent or funds vanishing from someone’s back pocket.

When choosing a wooden case, there are a variety of styles you can pick from, and if you order a custom case made to your specifications, you can choose from a variety of hard woods. You may want to consider a custom built case to house your one of a kind, collectible chips. When spending a great deal of money on collectible chips, it seems silly to display them in a plastic case. One thing to consider when choosing a wooden chip case is to specify that the finish be ‘chip friendly.’ Polyurethane or a non-soluble varnish is an ideal choice, as it does not impart any staining on your chips. Specifically, avoid any type of Oil finish such as Tung or Danish oil, as these oils can penetrate into the clay chips over time and attract even more grime.

When researching a chip case to buy, be certain that your Casino Chips are appropriately sized for the chip case. Generally speaking, the majority of chips are of the 39mm size. Large denomination chips, as well as chips based on the Paulson Inverted Hat and Cane (IHC) fractionals mold, are of the larger 43mm size, and will most likely need custom chip trays and cases. Casino Chip thickness can also impact how difficult it is too add or remove chips from a tray. As a chip begins to show signs of wear, edges may become less crisp and the chip becomes a bit thinner. Over time, chips may begin to wiggle a bit in the case.

From my experience, a wooden poker chip case adds a touch of class to any home poker game, and shows your poker friends you have an eye for style and organization.