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Betting Articles

Lazy Sports Betting Tactics
How to beat the bookies in the over-under markets
How to convert between decimal and American odds
How to get an edge in betting
How to test the credibility of a tipster`s record
Kelly criterion method
How to use Kelly Criterion for betting
How Weather Affects Sports Betting
Increase Your Chances of Winning Long Term Betting on Sports
Intermediate and Advanced Sports Betting
Common sportsbetting myths
Advices on Betting Fundamentals
Betting do's and don'ts
Choosing a staking method based on your betting profile
Betting staking plans
Value betting explained
Sports-betting- a game of numbers
Market movement in betting
Types of odds explained
European types of bets explained
American types of bets explained
Martingale Considerations in Sports Betting
In-play betting
Accumulator betting
Mobile betting
A Crash Course in Horse Racing
A Crash Course In Sports Betting
American odds versus decimal odds
Bankroll management
Money management in sportsbetting- odds, edge and variance
Basic bet types explained
Paying for Picks
Betting on winning streaks
Betting psychology- a crash course about aspiring professional bettors
Popular Sports Betting Beliefs
Do you make these 9 sportsbetting mistakes?
Does intuition have a place in sportsbetting?
Exchange betting
Randomness in sportsbetting
Fractional versus decimal odds
Home team advantage analised
How bad at sportsbetting are you?
Reasons to Keep Betting Records
How bookmakers make money
How bookmakers work
How do betting exchanges work
Should You Bet on Multiple Sports or Specialize?
How do free bets work
How does luck influence short term betting
How good are betting tipsters
Sports Betting for Beginners
How loss aversion impacts performance
How many sports to bet on
How Much Should You Bet On a Sporting Event?
Staking-one method to improve your betting
How much you should risk per bet?
How Sports Betting Has Changed Over the Last 20 Years
How To Avoid A Big Sports Betting Loss
The art of multiple betting
The history of lotteries
The value of information in soccer betting
Three careers ideally suited to betting
Tips for Better Sports Betting Results
Types of Online Sports Betting Bonuses
Understanding and managing your risk of ruin
Understanding Horse Racing Bet Types
Understanding Live Betting
Value betting is an essential skill for bettors
Ways to Increase the Percentage of Sports Bets You Win
What are drawdowns and how to manage them
What are the most common mistakes the bettors make
What are the real chances of winning the lottery?
What distinguishes winning from losing betors
What is a handicap soccer betting?
What is the Fibonacci betting system?
What is the Labouchere betting system
What is the Martingale staking system
Why do we gamble? Irrationality and overconfidence
Why patience is an essential trait for any serious bettor
Poisson Distribution: Predict the score in soccer betting
Fixed Staking vs. Variable Staking
Basketball betting: Bet types explained
7 Sure-Fire Baseball Betting Strategies
How Does In-Play Betting Work?
To Parlay, or Not to Parlay?
Wisdom of the Crowds applied to betting
CASINO ARTICLES
A Novice’s Tutorial on Casino Gambling Games
How to Gamble with Dice – Popular Dice Games and Their Variations
How Online Casinos Helped Me Love Roulette Even More
My Top Three Tips for Getting Comps in Casinos
5 blackjack stereotypes
5 Gambling Tricks You Can Only Use Online
5 LITTLE-KNOWN FACTS THAT AFFECT YOUR AVERAGE HOURLY LOSS IN A CASINO
5 REASONS CASINO GAMES ARE SO ENTERTAINING
5 Things All Casino Gambling Fans Are Sick of Hearing
5 Tips to Managing Your Casino Bankroll Effectively
The Five Most Important Tips I Ever Learned on Bankroll Management
5 Rookie Mistakes in Blackjack and How to Avoid Them
7 roulette variations probably you have never heard of
7 THINGS YOU NEVER KNEW ABOUT CASINOS
7 Ways Casino Players Sabotage Their Chances of Success
How to Tell If You’re About to Make a Mistake with Your Next Casino Bet
The 12 Types of People I Meet in Casinos – Analyzing My Fellow Gamblers
10 SURE-FIRE CASINO GAMBLING STRATEGIES THAT WORK
What I Love Most About My Three Favorite Video Poker Games
The Last Guide to Video Poker Tournament Strategies You’ll Ever Need
Baccarat and the Martingale System – Can It Work?
Is There a Gambling System That Never Loses?
Combining the Martingale System with Odds Bets in Craps
Which Bets on Which Casino Games Offer the Best Odds of Doubling Your Money?
What’s Next for Online Gambling?
Using Self-Discipline in the Casino
20 ONLINE GAMBLING TIPS
Going All-In – When to Bet It All in Poker
10 Things I Wish I’d Known About Roulette Before I Started
Who’s the Best Video Poker Player in the World
Are No-Deposit Bonuses at Online Casinos a Waste of Your Time or Worth Going For?
Are Online Casino Bonuses Worth Taking?
BEATING BACCARAT – WINNING SYSTEMS & STRATEGIES
CHOOSING THE RIGHT SLOT MACHINE
EUROPEAN VS. AMERICAN ROULETTE
EVEN MONEY CASINO BETS
Feel Confident When Gambling Online – 8 Tips to Help You Choose a Secure Site
Finding the Best Slots Online
Gambling and Poker Playing: 10 Things to Know
GAMBLING GAMES THAT ARE REALLY WORTH TRYING
HOW TO AVOID GOING BROKE AT THE ROULETTE WHEEL
HOW TO GET YOUR FIRST ONLINE CASINO SIGNUP BONUS
How to make a million playing video poker
How to Spend Your Gambling Winnings
HOW TO SURVIVE A BLIZZARD AT THE CRAPS TABLE
HOW TO WIN AT ROULETTE
How to Win Consistently at Casino Gambling
How to Win Consistently at Craps
How to Win Consistently at Roulette
HOW VOLATILITY WORKS IN CASINO GAMBLING
Is It Possible to Play Roulette as a Career (Or Even as a Part Time Gig)?
Is One Blackjack Game Better Than Another?
MONEY MANAGEMENT STRATEGY FOR YOUR NEXT CASINO TRIP
ONLINE CASINO DISPUTES
SKILL BASED CASINO GAMES: PROS AND CONS
The 5 secret joys of casino gambling
The Benefits of an Online Gambling Environment
The Best Long-Term Strategies for Playing Progressive Jackpot Slots
THE BIGGEST JACKPOTS IN ONLINE GAMBLING
THE EASIEST WAY TO LEARN BLACKJACK STRATEGY
THE HOUSE EDGE
The only roulette strategy you will ever need
The Surprising Secret to Winning at Casino Gambling
Who Takes Care of Your Safety at Online Casinos?
Why Don’t Craps Players Just Use the Right Strategy?
Why I love American roulette
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
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How to get an edge in betting

The fundamental challenge for serious bettors is to gain an advantage over whoever is laying their bet, whether that is a bookmaker, exchange or casino. In betting parlance this is called ‘getting an edge’ and if you want to be a profitable bettor, you need to understand what this means. This article explains how to get an edge in betting.

Margins Between Success & Failure

There is a well-worn cliché in sports journalism – the margin between success and failure is slim. In betting, the margin between making a profit or losing money is actually variable; it simply depends on which bookmaker you choose to bet with.

And while margins are fundamental to making money, a large percentage of bettors are oblivious to their impact. Margins are discussed at great length at Pinnacle, because it offers the lowest margins and therefore gives bettors a better chance to win.

This is obvious by looking at the different margins on long-term break-even rates:

Knowledge is Power

Once you understand margins, you have identified an advantage that a bookmaker holds over you. Now you need to find ways to counteract that edge. One way you can get a jump over a bookie is finding markets where you know more than the oddsmaker.

There is no magic bullet here. Bookmakers are experienced and have vast data at their disposal - but they have their weaknesses. Niche markets are a great example. Bookmakers often offer minor leagues, or novelty markets as a marketing ploy to differentiate from competitors, to boost acquisition or to gain exposure in new target territories. Not because they are experts in those areas.

Bookmakers are experienced and have vast data at their disposal - but they have their weaknesses.

They are not in a position to understand the dynamics of third division Russian women’s volleyball, but there is no reason why you cannot make yourself an expert in those areas where bookmakers’ knowledge is potentially weak.

The Olympics is an excellent example of this, with oddsmakers tackling sports with which they have little experience or useful data. Betting limits will be low, but this in itself should be taken as a potential indicator of the book’s lack of confidence.

Keeping Your Ear to the Ground

Knowledge is critical, but alone it doesn’t guarantee success. If what you’ve learnt is already common knowledge it will already be built into the odds. Real value comes from information as close to the source as possible – or in horse racing, “straight from the horse’s mouth”.

Twitter has opened up new opportunities here, speeding up the dissemination of information. However, it’s equally accelerated the time it takes information to become common knowledge. It has also increased the amount of rumour, speculation and noise.

Good examples of getting an edge through timely information can be identifying reliable Twitter feeds that might be leaking team formations, weather, pitch conditions, injury news or club finances. See below for examples:

Example A: On October 6th 2012 Kettering was forced to field 10 men in a Southern Premier League home game against Bashley. Players had issued an ultimatum on unpaid wages that ran out prior to the game. The word got out as Bashley’s odds continually contracted. Kettering lost 7-0; their previous four home games had resulted in two draws and two single goal defeats.

Example B: The Mascot Grand National is an annual hurdle race in England between sporting mascots, with odds offered by many bookmakers. The emphasis is certainly on fun, so entry criteria are loose, but big money has been made with numerous big gambles being landed. In 2001, Freddie the Fox won but later disqualified after he was found to be an Olympic hurdler; while in 2005 a huge gamble was landed on the Scoop 6 Squirrel representing the Sun newspaper. The impact of ‘ringers’ on the Mascot Grand National caused the race to be boycott in 2011.

Betting outside the Box

Given the chance, would you rather bet on the outcome of an event that was known – just not to many people – or unknown? The former is clearly more appealing.

Any kind of award falls into this category. So you have to find ways of seeing inside the winner’s envelope before the award is announced. Information leaks, sometimes inadvertently, sometimes non-verbally.

Given the chance, would you rather bet on the outcome of an event that was known – just not to many people – or unknown? The former is clearly more appealing.

Example C: The Church of England’s recent appointment of the Archbishop of Canterbury provides an excellent example of how supposedly classified information can prove porous. Even a revered establishment like the C of E wasn’t able to stop word getting out to the extent that market was closed early.

Sometimes the result isn’t known, but is entirely predictable because of motivation. Think of reality TV Shows, where talent is not the only consideration. A propensity for controversy is equally important so look beyond the narrow competition parameters and research things like programme ratings and channel competition.

Cross-correlations

Finally, understanding cross-correlations or dependencies is vital for betting. If you correlate poor weather with low scoring in rugby, and study long term forecasting, you may anticipate bad weather and focus on betting totals going under.

You can go further and perm your totals bets for potentially lucrative accumulators. It’s important to remember, however, that when looking at dependencies, correlation doesn’t imply causality.