You are here: Home Sports Betting Tutorials
Me and my buddies were watching the game at our favorite watering hole in Las Vegas when we decided to place a bet on it. After the game was over, we had lost our pants off and one of them mentioned that we could make a killing if we had our own online bookie operation.
This is when we decided to go for it and the process was much simpler then we had imagined once you know how to do it. So I thought that I would share the experience so that anyone thinking about opening their own sports betting operation will have the information on hand.
This is probably the toughest step as you have to apply to the Nevada Gaming Control Board and Commission. The fee is quite high so this may not be for everyone.
Vigorish, or simply the vig, also known as juice, is the amount charged by an offshore sportsbook for taking a bet from a gambler.
Let's take a look at what would have happened if you had made ten bets of a $400 bankroll at one of your favorite online sportsbooks where the odds are -100 (no juice) instead of -110, here, the ten bets of $40 would now risk $40 to win $40.00. If a players assumes a win rate of 5.45 times, you win x $40.00 (+$221.80) and 4.55 times you lose x $40.00 (-$182.00) for a profit of $39.80 versus at -110 x 4.55 a net showing of $1.60 .
The juice matters a lot. If there was no juice, all you would have to do to make money is pick at 50.1 percent, which is essentially flipping a coin. With juice, however, you have to pick at a higher rate which makes it more challenging.
This Saturday things will be heating up at Churchill Down for the 2017 Kentucky Derby. The start time is at 6:46pm when hopeful jockeys, owners and horses will race for a gold trophy and a first prize estimated at $1.24 million and $2 million in total prizes.
Since the 143nd Kentucky Derby is just a few days away, we thought that we would give you a special how to bet on horse racing tutorial to show people about the art of betting on horse racing.
For those who have never had the opportunity to go to a horse racing track or place a bet on a horse, it may seem like a complicated task but we assure you that it is a very simple bet.
Let’s start this horse racing betting tutorial with the most common types of horse racing bets available.
Prior to the start of the 2015-16 NBA Regular Season, the majority sportsbook reviews and online sportsbooks pegged last year’s NBA Finals participants – the Cleveland Cavaliers and Golden State Warriors – as the favorites to come out of their respective conferences. So far that prediction has held true, as the Cavs are alone in first place in the Eastern Conference while the Golden State Warriors are unbeaten and in sole possession of first place in the Western Conference.
But although these teams are both sitting atop the NBA Standings, they have fared much differently at the betting window. Golden State isn’t just a perfect 11-0 straight up, but their average ppg difference of +16.3 is easily the best in the league and has helped the Warriors jump out to a winning 7-4 ATS record.
The Warriors will be asked to cover even bigger pointspreads going forward and now it may be time to start to fade the Warriors – especially when they begin their seven-game road trip at the end of the month.
Last week we began our series of football betting articles on the different football handicapping styles most professional sports handicappers use in their handicapping methods. We started with our football betting trends method, and this week, we’ll go over football betting systems, and once again highlight the differences between betting trends and betting systems.
In our last football betting article, we highlighted the differences between football betting trends and football betting systems.
While football trends show betting information about a particular team in any given situation, a betting system is “league-inclusive”, meaning a betting situation would apply to any team.
While having NFL teams remain undefeated after five weeks of the season isn’t uncommon, the amount of undefeated teams we have this year (6) is a bit higher than usual. This is the time of the season where these undefeated teams start to become heavily bet by the general betting public, and therefore these teams become overvalued.
As teams get further into the season without losing, casual NFL bettors tend to put a heavier emphasis on outright victories and pay far less attention to ATS records. This leads to the online sportsbook gradually raising the lines on these undefeated teams, and even if they start to lose ATS but win outright, these lines will continue to go up.
Atlanta started the year with three consecutive victories in the role of the underdog. They have since been favored in their two most recent games, covering the spread in a blowout win against Houston and then suffering their first ATS loss of the year in a six-point overtime win vs. Washington as a 7-point home favorite.