Tag Archives: odds
Sports Betting Lessons 101 (Page 1 of 2)
Sports betting is certainly a challenging type of betting-and gambling, and besides its seeming lack of strategy and absolute reliance on knowledge of the event, the truth is, good sports betting actually relies on a great deal of strategy which is required to win. (Sports betting systems). The most important tactics include a close analysis of the information upon which a sound judgment is to be based and after which the bet should be placed. A winning strategy takes a few salient factors into account which are:
1. The bid amount
2. The kind of bet
3. The odds on offer
Sportsbooks in the US and Bookmakers in UK are entities that accept and take sports bets. The bets can be placed by betting on the end result of several sporting events like Baseball, Snooker, Basketball, Hockey, Soccer, Football, Tennis and hundreds of athletics. Two of the most basic definitions in sports betting are: a sportsbook is the one who accepts the sports bet. An oddsmaker is the one who sets the odds of the bet.
Betting the Odds
Before placing a bet, first you must select the type of bet and the amount you will wager. This usually depends upon the odds that are being offered. Before you place the bet, you must carefully crutinize the range of available odds.
For the bet to be worthwile, the odds should be in a ratio of at least 2:1. Remember to take into account the factor of the total amount being given by way of commission to the sports-book. This should ideally be a small percentage of the total value of the odds.
Below is a list of the most commonly known kinds of bets:
1. Single or Straight Bet: This is the basic form of betting and allows you to the option of betting at given odds, upon a winner.
2. Point Spread: By betting this type of bet, you can bet on one of two selections that have been equated through the allocation of suitable points. In the Point Spread, the number of allocated points are shown with a + sign for the favorable side and a sign for the underdog. In order that the better wins, when the favored team must win by more than the Point Spread. On the flip side, if a bet has been placed on the underdog, that team has to lose by less than the Point Spread for the better to win.
3. Buy Points: This involves moving the Point Spread positively, by paying a price.
4. The Moneyline: This type of bet is simply on who will win. It establishes the odds for each side but is the opposite of the Point Spread, with a sign standing for the favorite and the + sign for the underdog.
5. Total Bet: This is similar to point spread bets, only in that the better bets on the total points scored.
6. Over/ Under: This bet takes into consideration the number of points scored by the teams in any game will be beyond/ over OR below/ under the total set by the oddsmaker.
7. Parlay of Accumulator: This type of bet is betting on multiple sporting events in the hope that a big payoff will be made if all win. The picks are made in relation to the point spread. If just one event does not win or draw, the better loses the entire bet. This type of bet can generate huge amounts of money, in the event of a win.
The Probability Game. How To Win The Lottery
Statistics demonstrate to us all a lot of things that can be both beneficial and unusable for a lot of reasons. There’s countless good cases of attention-grabbing truths and statistical analysis which never appear to be particularly applicable to individual’s everyday lifestyles. Do you fully understand, as an example, that in ’85 the standard National Aeronautics and Space Administration numerical probability for a crash to happen to a NASA space shuttle was 100,000 to 1. Following the space shuttle Challenger devastation it was changed to one-hundred to one!
So picture the amazement of people looking on the time when Danny Leake, an amateur golfer, accomplished an unbelievable ‘hole in one’ in the same golf hole 2 days in a row while playing at a golfing event in The Lone Star State. This is something that is so extremely uncommon that the chances of it taking place have never been estimated. Pity such a serendipitous guy did not play the lotto that day instead!
What would you think of a guy who earned a regular working man’s wage but spent most of it on lottery tickets? Well there is a New York man who does just that.Ray Otero foolishly believes that buy ploughing his money into lottery tickets he is increasing his chances of winning a jackpot prize with each purchase (by sheer number of tickets).
Of course what Mr. Otero fails to realise is that statistically you have no better chance of winning the jackpot with 500 tickets than you do with 1 when the numbers on the tickets are chosen randomly!
Statistics can tell us some depressing things. For example, if someone purchases a UK lottery ticket on a Monday, for a weekend draw, they are more likely to be dead when the draw takes place than they are of winning the jackpot prize!
You see unfortunately the odds of winning the jackpot ion such a draw are fourteen million to one while the odds of being dead are much lower. In fact you even have a better chance of becoming a saint because the odds are only killed by lightning are roughly 2650000 to 1!These low odds apply to every ticket you buy. Therefore ray Otero’s approach does not increase his odds of winning a top prize!
Take heart though because you can do certain things that dramatically increase the odds of you winning a huge lottery prize and they don’t require you to spend a fortune doing it! Lottery wheeling, for example, is a great way to increase your chances of winning a top prize on the lottery.
When you wheel and extra number in your pick of 6, so that you pick 7 numbers instead and then “wheel” so that all numbers end up on a ticket together two things happen. Wheeling systems require you to invest more money in the lottery, because you must buy more tickets, but by doing so, and by doing it in a mathematically precise manner, you increase your chances of winning the lottery jackpot.
When you wheel 7 numbers instead of 6 you go from a 14 million to 1 chance of winning the lottery to half a million to 1 – just by adding an extra number and the price of the tickets only adds up to £28!
So, if Mr. Otero had only played a 6 from 49, or similar type of lottery, and wheeled his numbers he may well be a very wealthy man by now.