Posts

Betting on the moneyline

Moneyline betting is one of the simplest sports betting types you can find. This specific term is mostly used in American Sports where the common type of bet is the point spread. Instead of placing bets on the final point (or goal) difference, you just try to guess which team will win the match. It may look easy, but when you’re used to backing the favorite the odds seem lower compared to betting on the point spread.

Moneyline odds are favored by American bookmakers and are usually presented in American odds. These odds are either positive or negative. The favorite is represented by negative moneyline odds and the underdog by positive odds.
Negative figures indicate how much money you have to wager to win $100. European (decimal) odds of 1.50 are quoted as -200. On the contrary, positive figures indicate how much money you can win if your wager is $100. A 3.00 “European style” odds is quoted as +300.

How does the moneyline work

The money line uses odds, instead of a points (or goals) handicap, to balance the theoretical strength difference and winning chances of both teams. The bookies attach lower odds to favorites and far higher than expected to underdogs. The purpose is obvious: to create as balanced a betting market as possible by reducing the payout to the favorite and increasing it to the underdog, given that is backed by far less money. This means that a money line bet could be far more profitable even if you have a decent winning percentage when backing underdogs.

Moneyline vs Spread

This is a totally different type of betting, that consequently requires a completely different approach in order to be profitable in the long-term. Moneyline betting looks easier to understand and far less stressful, as all that is required is that your team wins the match, even with the slightest margin. This way you can stop worrying about your selected team winning the match, but not breaking the point (or goal) spread needed for you to win as well.

If you’re good at finding underdog upsets, then money line betting is for you. When your selected underdog wins, even by one point or goal, you get far more money compared to betting on a positive spread line. A basketball underdog on 3.50 odds is a far better pick than the same team having a +9,5 points spread at 1.92 odds. Sure, you might get a bit anxious during the last minutes, however, it really is worth it.

Moneyline strategy

It’s all about finding winners. If you put your money on picking winning teams, so that your winning margin exceeds the losses, moneyline betting will be profitable for you. You can earn money even by betting on extremely low odds, such as 1.15 or 1.20, as long as you pick winners in 80% of your selected matches.

The Moneyline strategy looks like it’s facing a single way: Backing underdogs. Although this might seem like the easiest and most profitable way, it is not the only one you can follow. When the average odds of your winning bets stand at 4.00, you need to win only 26% of your bets to have a profit. With a 30% winning percentage you could earn a lot of money. However, you shouldn’t be overly optimistic. It’s really difficult to hit such a winning percentage on moneyline betting.

To put it plainly, your strategy depends on two variables: winning percentage and average winning odds. If you pick favorites on 1.20 average odds, you need to have a 84% winning percentage to be profitable in the long run. This means winning five out of every six bets. On the contrary, with 3.00 winning odds average, the winning percentage needed to be profitable falls to 34%.

You just have to study a little bit about implied probability. This term is used in sports betting to convert odds into a percentage. This makes easier for you to compare bookmakers’ odds (eliminating the edge) to your own estimated percentages, based on your match analysis. If your expected percentage exceeds the bookmakers’, you have just busted the odds. You’ve found a value bet, regardless of the odds offered.

NBA Moneylines

When it comes to NBA moneylines, or basketball moneylines in general, this is the safest possible bet. When betting on regular season matches, you know that every team has a challenging series of 82 games in less than six months, meaning that bad nights are a common occurrence, even to heavy favorites. You can bet on underdogs to win on the road and profit from major upsets.

Pick matches between teams with similar winning records and try to bet on the away team, which has higher odds by default. Don’t mess around with the point margin, as it will not only trim your profits, but also prove to be nerve-wracking in the end. Suppose your team needs to overcome an 8,5 point spread, how would you feel if they lead by 8, but decide not even take the last shot in the last remaining seconds?

Point-shaving scandals are far more common in college basketball as well. When choosing college basketball betting lines, you just pick a team to win and wait for them to confirm their superiority.

NFL Moneylines

Moneylines are popular in football betting too. Bookies expect high rollers to place massive wagers, especially in Super Bowl money lines, where the finalists are usually among the top US teams and the difference between them is insignificant. NFL betting lines are also popular, even if some US-based bookies avoid offering moneylines on NFL matches where the margin is usually lower than 3 points and higher than 10 points.

Bookies keep offering NCAA football odds during the whole season. Upsets are more common in this league, as players are still developing their game before going pro. Betting on underdogs in football moneylines is considered a profitable strategy by many punters.

NHL Money lines

Ice hockey is very popular in USA and Canada, where it is considered a national sport. The number of goals are fewer than football, basketball or even baseball points, so it’s more tempting to choose betting on the moneyline as opposed to spread betting. In many ties the NHL betting lines are almost identical to spread odds, as the handicap assigned to the favorite is minimal (0,5 or 1,5 goal).

Bets are generally higher in NHL playoff odds, where teams are totally focused on winning and advancing to the next round. Stanley Cup odds are usually hit by high rollers, as the best-of-seven series require a lot of tight games between teams of equivalent strength.

Betting on Esports – The New Thing?

Until not so long ago hardly anyone believed that video games will be considered sports and soon after they were labelled as Esports, many thought that the name was inappropriate. However, things changed quickly and know a lot more people takes gaming and Esports seriously and Esports tournaments have attracted the attention of mainstream media. Not only that the number of people who are playing Esports professionally is rising, but there’s also a growing interest amongst fans to watch Esports competitions and tournaments. Some Esports events take place in large arenas in front of live audiences and more often than not the venues are sold out and quite full on the day the events are held. Moreover, the prizes for winning certain Esports events often exceed $1 million.

The rising popularity of Esports

Studies conducted last year showed that more than 100 million people watch Esports games and tournaments on a monthly basis. It is predicted that this number will reach 145 million by 2017. Some events, like The International, which is the top Esports competitive event, draw over 8 million people simultaneously which is equal to the number of people who watch the finals of the Stanley Cup.

The number of tournaments also saw a rapid growth. There were only 27 tournaments in total in 2000 and the number pretty much remained the same in the following two years. By 2005 the number exceeded 230 and it nearly reached 2,000 in 2014. About a decade ago, only up to few thousand people watched amateur Esports competitions. But, back in 2013, the Riot Games’ League of Legends championship was seen by 32 million people, most of them via online streaming services. More people viewed the LoL championship than the NBA Finals and World Series in 2014 together.

The prize amounts grew as well and nowadays successful Esports competitors are young millionaires, as opposed to 10 years ago when they were mere amateurs. On the brink of the new century just about half a million dollars of prize money was awarded to players who competed in 27 different tournaments. 15 years later the available funds exceeded $40 and the trend is likely to continue. Not to mention that many Esports players and teams sign multi-million sponsorship deals.

Many Esports-men and women gained prominence and were featured in some of the leading traditional and online media and the US State Department nowadays grants visa to gamers as part of the same programme as players who compete in conventional sports. Top universities give scholarships to professional gamers. Esports competitions are even broadcasted by leading television networks like ESPN.

Esports betting

There’s another feature of Esports which shows their connection to conventional sports. Namely, people nowadays bet on Esports and it is becoming increasingly popular. Bearing in mind that a lot of people know watch Esports and that prizes for the winners are pretty high, it is hardly surprising that there’s a growing number of fans who became Esports punters.

Online sports betting operators were quick to realise the potential of Esports and Esport betting and nowadays there practically isn’t a reliable sports betting operator that doesn’t offer betting on Esports. It is possible to place wager on a large number of games of different Esports competitions, including Dota 2, League of Legends, Counter Strike and StarCraft 2 tournaments, as well as several other games.

Last year it was reported that there is a huge surge in the amounts of money that punters stake on Esports games. In fact, a marketing director of one of the leading online bookmakers stated that Esports competitions are often among the top 10 events in terms of betting turnover. In addition to the increase in the number of total bets, the number of four-digit bets on Esports is also increased.

Sports betting operators hire analysts and experts which help them provide more realistic and more competitive quotes on Esports. Punters are quite happy about the fact that are more than few operators which offer Esports betting as more competition almost certainly drives the odds up and allows punters to ‘shop’ for better odds online.

How to Become a Professional Gambler?

Enjoying the games of the ruthless fighters has prevailed since the ancient times. Earlier, it was gladiators and now it is the MMA fighters who are stealing the show. However, enjoying the killer performance is quite different from betting on your favorite. No matter, you are a regular audience or not, history will represent you the complete profile of the target player. But, this is not all as there is even a financial angle related to the UFC betting success. If you desire to be successful, master the tricks given below:

Value Betting

The probability of winning is not always the safe pick; instead, you should focus on the value betting. The process will include, selecting your bets depending on the value, they are providing. You might consider someone as the winner of the game, but this is of no use if the odds offer 20% payout of your stake. It doesn’t matter whether he is a winner or not, the odds are paying poorly.

Handicapping Line

The sportsbook represent the odds on the fighter. These odds are often defined on the basis of a formula that determines the chance of winning. Further, the value of the odds changes depending on the market demand. Suppose, you have 2 sportsbooks, the chances according to them are 80% and 60% respectively, and you assume it to be 75%, so, what will you bet on. Ignoring the overhauled first odd, you go for the second one as it has 15% of the value. Add up the scores to reach a percentage, and then compare the handicap line vs. the bookie’s line. A wise man will take the valuable offers scraping down the low ones.

Margin of Safety

The margin safety refers to the variation between the bookies odds and the money line odds. The limit should be 20% more than what the bookie is offering. You can’t often find these values on your favorite fights, but this is the trick to win more.

Underdogs

Favorites are always not the right picks to bet on. In fact, most of the professional bettors go for the underdogs when making a pick. Go by the facts and you will realize that small fights have more values. Being one of the solid strategies of MMA betting, this gives a chance to win over the long hauls. Eventually, the profits might not be that big, yet you will at least not lose the game.

Betting Pools and bonus offers

It might have nothing to do with the efficiency of skills, yet they are beneficial for making some extra money. However, you will find an obstruction between the claims as you will have to play multiple times before claiming the additional amount. There is no worry, because if you play safe, this will only add to your account. Take a cue from here and master the art of MMA betting, the road ahead will be of fun and cash for sure.

2012 Grand National

The 2012 Grand National is nearly here – The race is an annual event held near Liverpool, England at Aintree Racecourse. This year's field promises to be as strong and entertaining as ever. Last years winner Ballabriggs will be back to defend his crown from the likes of Burton Port, Alfa Beat & Le Beau Bai. Follow the links if you want to check out all the horses in this years Grand National.

The three-day event begins on Thursday, 12 April, 2012, with Liverpool Day. Liverpool Day not only features the John Smith's Foxhunter's Steeple Chase and the Grade 1 Totesport Bowl feature race, but is also a celebration for the city of Liverpool. Several entertainment events are planned for the kickoff celebration on Thursday 12 April. This year's Liverpool Day has been the focus of the community and should provide for an excellent community festival in association with the world's most famous race because of the number of additional events planned for this season.

The festivities continue on Friday 13 April with Ladies Day, which is a traditional event that features fashion and style from the female attendants. Various goody bags and prize giveaways for the ladies are part of the plan during this year's festivities. The focus on the ladies is not the only order of the day, of course. Every day of the championship extravaganza is a race day, as the John Smith's Melling Steeple Chase is the featured race of the day. This has been a highly challenged event in the past few years and should be the same this year.

The Grand National Horse Race is finally run on Saturday 14 April and is the culmination of the week's schedule. The championship has a storied past among racehorse professionals and within the British culture. It is a specialized race industry that is native to the United Kingdom and enjoyed by everyone up to the Royal Family, who are not only big fans, but are horse owners themselves.

The Grand National Horse Race is an historic event dating back officially to 1839, though there were predecessors to the first official race, and it has been an iconic representation of United Kingdom sports very similar to its professional golf tournaments. The Aintree Racecourse is one of the most difficult courses in the world and provides an excellent course to test the best of the steeple chase racehorse class. The energy infused by the local city of Liverpool, with a population of over 400,000 and a surrounding urban area of over 800,000, will make this year's championship a major success and well worth attending.

,

London Racecourses

Strangely London isn't particularly well served by Racecourses, the nearest course to central London is Kempton Park. The Christmas meeting at Kempton is undoubtedly the highlight of the racing calendar in London. The big race is the King George Chase, with past winners of the King George including the legendary Desert Orchid, four time winner and forever immortalised at the course with a statue beside the paddock.

Other racecourses near central London include the world famous Ascot racecourse, Sandown Park and Epsom Downs. All these horse racing venues are within easy traveling distance from London by rail or car. Windsor races is also on the outskirts or the Greater London area. Set in 165 acres of beautiful Berkshire countryside and located on the banks of the River Thames, Windsor is best known for its lively summer evening fixtures.

If you are willing to travel just 60 miles outside the capital you can visit the home of British Horse Racing at the fabulous Newmarket racecourse. Regular commuter services run from London Kings Cross and Liverpool Street to Cambridge, Stansted Airport and Ipswich where onward connections by rail or road can be made to Newmarket.

In 1998 plans were drawn up for a new all weather racecourse in East London, the course was to be named ‘London City Racecourse' after much legal wrangling the plans for the new course have been withdrawn. In light of the reduction in the number of horse races in the UK it is unlikely that London will get a new racecourse anytime soon.

Special thanks to Horse Racing Photo for the free image!