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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.
Omaha High Point System
Omaha poker has lot of similarities with Texas Holdem poker. In Holdem poker you have two player’s card and five community card. In Omaha poker you have four player’s card and five community card. So you have nine cards in total to make your hand in Omaha poker. When you are making your hand of five cards the rule is that you have to use two cards from your hand and three cards from the community card to make your best hand. In Texas Holdem poker you can make your hand any way you like. You may not even use any of your two cards while making the best hand.
With five community cards and four player’s card there are many cards to choose from and many high combination can be made in Omaha high point poker. Here straights and flushes are common occurrence. Many times full houses too get beaten. So starting hand is important in High Omaha poker. You need to wait for the flop if you have a reasonably good hand. You can go ahead and play with a hand with Ace and wait for the flop to open. If your hand is not good you should fold rather than play and lose.
Take your time in deciding when you should raise. If you raise in the beginning of the game you have to be clear that you have a winning hand. If you raise with a medium hand there are more chances that some will have a better hand than you. If you have double suited hands your chances of winning becomes better and single suited cards are better than having unsuited cards. A straight flush is sure to win. So a starting hand is very important. Having suited cards especially aces will have better chance of making winning hands with flop and turn
The point system for high Omaha poker goes like this: Ace high flush in spades and clubs have 4 points. Ace pair-9 points and Kings pair-8 points, Ace- 2 points. When you are playing a split game it is essential to see if the hands have high cards only. To have high your hand must have ten and above and should also have two pairs or two double suits or one pair and two suited cards. If you have AS, TS, AC, QD this is high because all cards are above ten and two cards are from same suit and two are pairs. Thus the hands are qualified according to the cards you get. The points are calculated according to the value of the cards. It is understood that one should play if one has 25 points and above. If you raise you should have at least 30 points. The maximum points are 45 in a hand.