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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
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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?
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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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Sports Betting for Beginners

It is estimated that there are over one billion dollars wagered on sports in the United States each year. Probably around half of that is from illegal betting, since only two states allow legal sports betting within their state and one of those limits it severely.

Nevada is the only state where you can bet on just about any sport or any event legally. Casinos and Sports Books are privately owned and are famous for their lights, shows and extravagant amenities. Delaware allows only NFL parlay cards and the system is run by the state. No other state in the U.S. allows the placing of bets on sports in land based sports books.

The placing of online bets is a little more gray. Some states don't have laws against placing online bets. Some states have laws against accepting bets from that state, but not from bettors placing bets from that state to a location outside the state or county. And Federal laws don't usually match up with state laws.

There is no doubt that sports betting will be added over time to additional states. The most likely place to see these new ventures will be in states that currently have Tribal Casinos. It will only take one Tribal Casino to challenge the legality of it on their sovereign land and win to open the flood gates to more or all Tribal Casinos to get it. As stated above, there are multi-billions of wagers being placed that if they had a better option like a sports book, would do it in a heart beat.

Basic Bets

The two main types of bets when it comes to sports betting are straight bets (also known as point spread bets) and moneyline bets. There are many other types of bets, but these are the two most popular and most basic bets available. When placing these bets, you are placing a wager against the sports book on a specific team, during a specific game. Your bet will be complete as soon as the game is over and you will either win, lose or tie with no other catches or links to other games.

POINT SPREAD BETS

Point spread bets are placed on a team, but the final score of the game is not what decides the final outcome of the bet. When placing a point spread bet, the spread is either added or subtracted from your teams total to come up with an adjusted final score. For example, if you wanted to place a point spread bet on the Dallas Cowboys to win a game against the Chicago Bears, but the point spread was Dallas -3, you would have to subtract 3 points from the Cowboys final score to determine the adjusted final score. Dallas in this case is the favorite and expected to win, so to be fair to bettors of the other team, 3 points are subtracted from them, or 3 points are added to the Bears. Point Spread wagers are usually paid at 11-10, meaning you have to bet $11 to win $10 additional. If you lose, you lose $11. If you win you collect $21, your original $11 plus $10. Point spread bets are normally found on Football and Basketball.

MONEYLINE BETS

Moneyline bets are a little different. In these bets you are betting on a team to win and if you want to bet on a favorite, you will place a larger bet to win the same amount of money as the person betting on the underdog. An example of this would be if you wanted to bet on the New York Yankees and they were the favorite against the Boston Red Sox. In this case you might see a moneyline of New York -135 and Boston at +125. This means if you want to bet on New York you will have to place a $135 bet to win $100. They are the favorite and should win, so you have to bet more to win $100. A bet on Boston would only have to be $100 and would win $125 if they did win. Moneyline bets can be found in Football and Basketball, but are also the main way to bet on Baseball, Hockey, Boxing and MMA.

The "Vig"

You may have noticed that in both the above examples, things aren't exactly even or fair. In point spread bets you bet $11 to win only $10 and in moneyline bets one team is $135 to win $100, while the other you bet $100 but only win $125, not $135. The difference in both cases is called the "vig" or the house advantage. This is how the sports book makes it's money. It's goal is to take in the exact amount of money on each side of a game. When that happens, all the losing bets pay all the winning bets and the house just makes the vig as their profit.

Changing Odds

This is why the odds change on games constantly. It's not because new information comes in on the game every hour or two, although that can be a reason for a change in the odds, but because people are placing bets on one side more than the other. When this happens, the sports book makes the odds more enticing to the other side in hopes that they will now place bets to equal the bets already received. A $100,000 bet on a team who's odds are at +140 and the other team -130, might make things go to +120 and -110 to get people to wager on the favorite at $110 to win $100 instead of the earlier $130 to win $100.

Getting Started

So, now you know the basics, now what? Your best bet is to start with just one bet at a reputable sports book. Place the bet, watch the game and get the feel of the process. You'll of course want to do a little studying or review of a game before choosing it. Injuries, weather and location play big factors in games. It's also wise to not wager on your favorite team at first. Betting with your heart and not your brain is an easy way to lose money fast. Once you've placed a few single bet wagers, you can then progress into betting multiple games and into more complex bets like parlays and over/under bets.