Sunday 12 December 2010

Casino Secret That No One Tells You About

In this article I'm about to reveal a dirty little secret used by casinos around the world. Make sure to pay attention so you won't get caught in.


The secrets of the casinos are not the kind of secrets that you may think. They are not secrets like the third slot machine in every row pays out on the hour, they are more like things they do to distract you from the obvious.

Casino's worst enemy is rational thinking. If you use this secret weapon, then you're the one laughing.
Unfortunately most people enter a casino and all logic flies right out of their heads. They start seeing the bells and whistles of the casinos, and people with stacks of chips and all they can think of is what they are going to do with all the money they are going to win from the casino.

Using your head is the key to winning money in the casino. The first think you need to remember is that the odds of you winning the big jackpot are so outrageously against you, that it is not worth losing your hard earned money on.

Next time you are in the casino try going to the 10 dollar Roulette table and only play red or black. Each win you will double your bet, and at 10 dollars a spin you can make 100 dollars in less then 30 minutes. I usually walk up to a table and wait for the wheel to land on the same color 3 times in a row then bet on the other color.

Then after I have made some money I will start to play some other bets, but I only stay on the outside of the board. The odds are much better at 3 to 1 or 4 to 1 instead of 40 to 1. Using this method I have managed to turn £20 into £900 in just over 3 hrs. It may not sound like a fortune, but as I said before walking in poor and walking out a millionaire is not realistic.

Next time you are at a casino look for a clock or window. Ok do not waste your time, there are none. Another secret of the casinos is that they want you to have no concept of time. When you are gambling time seems to go faster, and if there were clocks or a window in the casino you would have some idea of how long you have been gambling and would then start to think about leaving the casino instead if losing all track of time and spending all day and night in the casino.

They do this because at some point you will start to get tired but be kept awake from the adrenalin from gambling, and at this point you can't think straight, and you will start to spend money faster. Always remember the casinos are not there to make you dreams come true they are there to take you for all your money. Any time you leave the casino with some of the casinos money it was accidental.

Some of the tricks casinos use to keep you gambling are:

  • No Windows
  • No Clocks
  • Ugly colors in the rugs and walls around the exits, and nice colors around the gamming areas will subliminally make you not want to go to those areas
The worse the odds of you winning the nicer the colors of that area will be. By keeping this information in mind you will not be going home from the casinos and quitting your job but you will have more money in your pocket and you will have had a good time making that money.


How to Bet on Soccer

from wikiHow - The How to Manual That You Can Edit

How to start betting? What are the basic principles and terminology of online betting? How to make money in soccer betting? How to use online betting tips? If you are a beginner and looking for answers, this is the right place to start.

Steps

  1. Decide on your maximum budget. First, decide about you maximum betting budget. On the one hand, a budget that is too high may result in personal bankruptcy. On the other hand, a small budget might limit you a bit. Following the rules of this article and placing the right wagers will reduce the risk of high losses almost to zero. The “rule of thumb” for a beginner's maximum budget is $1000.
  2. Decide on your maximum bet. Placing all your money on one outcome you believe in will not do the trick. Only distributing the risk between multiple games will result in profits. Thus, limiting your maximum bet will increase your chances to win. The “rule of thumb” for a beginner's maximum bet is $50.
  3. Choose the correct betting category. Start betting on two basic categories only: Full Time Result and Total Under/Over 2.5 goals. Full Time Result means selecting one of three possible game outcomes: Home Win, Draw or Away Win. Total Under/Over 2.5 means selecting whether the total number of goals scored in a match will be under or over 2.5. Advanced statistical models have proven that betting on those two categories is the most effective. In science we trust!
  4. Understand the outcome probabilities. The probabilities of match outcome are usually defined in the range between 0% (no chance) and 100% (a sure bet). For example, the Full Time Outcome Probabilities may be as follows: Home Win = 60%, Draw = 15%, Away Win = 25%. And the Total Under/Over 2.5 Probabilities: Under 2.5 = 45%, Over 2.5 = 55%. The sum of all Full Time Outcome Probabilities must be equal to 100%, since one of these three outcomes will indeed take place. The sum of Total Under/Over 2.5 Probabilities must be equal to 100% too, since the total number of goals scored during any soccer match will be either under or over 2.5. In other words, the probability of any outcome expresses your belief in this outcome, scaled between 0% and 100%. Probabilities are also widely known as "betting tips" or "predictions", and can be found on the web. Let's explain how you can evaluate them.
  5. Find a good website or betting tips. The best way to find probabilities of match outcomes is by using Internet resources. There are a number of sites that provide free tips. Type "soccer betting tips" in Google and you will find most of them. When choosing your site, check that the tips provided perform well with time by comparing between the probabilities and the real match outcomes. The bigger the difference between the tips and the bookmakers' predictions (will be explained later), the bigger are your profits.
  6. Understand the "Fixed Odds" market. Bookmakers define fixed odds for each of the Full Time and Under/Over 2.5 outcomes. For example, the Full Time outcomes odds can be: Home Win = 1.5, Draw = 3.6, Away Win = 5.8. That means that if you place $100 on Home Win and win, you will get $100 * 1.5 = $150 from the bookmaker. If not, you lose your $100. Thus, odds are basically your stake multiplier, and you interested in the highest odds for the outcome you bet on.
  7. Understand the connection between odds and probabilities. Given the odds above, try calculating their inverse: 1/1.5, 1/3.6, 1/5.8, and multiply by 100%. You will get the probabilities of bookmaker for the given outcome: Home Win = 66%, Draw = 27%, Away Win = 17%. Unfortunately, when you calculate their sum as in the previous example, you will not get 100%, but 110%. The 10% difference represents the commissions that the bookmaker adds to the odds. Subtracting 10%/3 from the three above will give you the exact bookies' probabilities: Home Win = 63%, Draw = 24%, Away Win = 13%.
  8. Choose your bookmaker. The best bookmaker for you is the bookmaker with the highest odds for the outcome you choose to bet on. Betting tips websites will generally offer you a list of bookmakers and their odds for each game. You may choose the bookmaker with the highest odds and register in order to place your stake.
  9. Compare the odds and your betting probabilities. A well known way to compare bookmakers' odds and your probabilities is simply by multiplying among them. If you get a high value for some outcome, it means you have a good chance for profit. However, if your predictions are inaccurate, your calculation of the outcome's potential might be wrong. For example, if the bookies' odds are set to be: Home Win = 1.5, Draw = 3.6, Away Win = 5.8 and the tips you found on the web are: Home Win = 60%, Draw = 15%, Away Win = 25%, then multiplying results in the following potential for each outcome: Home Win = 1.5 * 60% = 0.9, Draw = 3.6 * 15% = 0.54, Away Win = 5.8 * 25%=1.45. You can see that in this case, the potential of Away Win is the highest. Unfortunately, the probability of Away Win = 25% and thus, if you decide betting on Away Win, your chances to win will be only 25%.
  10. Find a stake with high winning potential. The "rule of thumb" is: place a stake on the outcomes with odds that are higher than 3 and a probability that is higher than 40%. In this case, the value of the outcome will be 1.3. This is how you calculate the stake: Stake = 1/100 * Budget * (Probability – (100%-Probability) / (Odds-1)). For example, when Odds for Home Win = 3.0, the Probability of Home Win = 40% and Budget = $1000, the stake you have to place will be: Stake = 1/100 * $1000 * (40% - (100%-40%) / (3-1)) = $100. Since the maximal sum allowed is $50, this will be your stake. If the calculated stake is less than 0, don't bet.
  11. Choose your leagues. Once you found your best tipping website, you may evaluate its performance for each league by comparing between the tips it provides and the real match results. Choose those leagues, where the site's performance is most accurate, and the difference between the site's and the bookies' predictions is biggest. In this way you will greatly increase your chances of winning.
  12. Consider the unpredictable factors. Try taking into account the following factors, which might influence the predictions. Match type: International / national league, a cup, or a friendly game. Cups'/friendly games' predictions are usually incorrect. Match priority: since a team's resources are not unlimited, each team defines priority for the forthcoming matches. Be careful not to bet on the low priority matches. Match time: remember that predictions are usually inaccurate at the beginning and at the end of the season. Players' injuries, illnesses and transfers might change the predictions significantly, especially in the cases of key players.
  13. Place a stake with the best bookmaker you have found for selected game. Don't forget to collect your money when the game is over.

Warnings

  • Do not go crazy with your bets.
  • Don't bet on something extremely unlikely.

Related wikiHows

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Bet on Soccer. All content on wikiHow can be shared under a Creative Commons license.


How to Win at Sports Betting

from wikiHow - The How to Manual That You Can Edit

How’s your season going? Making the big bucks? Or do you need some sound sports betting advice so you can finally start seeing profits and stop making the bookies rich. If it’s the latter, read on…

Steps

  1. Know your math. The line-makers do, and they make profits every season. You aren’t going to come out ahead laying -110 for 100 on a coin flip, and most sporting events are just that. In places where they don't represent likelihoods in terms of odds (eg 5 to 1, meaning you can win $5 for every dollar you put in), they will just do it in terms of money multipliers. It essentially means the same thing.
  2. Know your sport. This is MUCH less important than step number 1, but it helps. The thing to concentrate on is the "X-factor" of a sport; that is, what degree of random craziness is likely to affect the outcome of any given game.
  3. Handicap the situation, not the game. This is what separates winners from losers. The public is out there betting on the best-looking teams and who should beat who based on past wins and losses – and they are losers. Look for undervalued teams based on the situation. For example, a good team playing their homecoming game against a hated rival who is a favorite over them on the road. In this spot you want the home team underdog because you know they are coming to play.
  4. Bet within your bankroll. This is what kills most players. Always bet the same percentage of your set playing bankroll on every game (somewhere between 2% and 6%) no matter how much you think you like the bet.

Tips

  • Remember that injuries and weather conditions have already been factored into the line and the odds. Don’t pay attention to that stuff; stick with handicapping the situation. Yet, if you are betting on a minor sport in your country (eg. You are in USA betting on Australian Rules Football), the impact of a major trade may be very important to both team, but since Americans may not know the full situations, the lines can be stuffed up.
  • If the lines are just pushed out, the odds of $1.87 do exist. Take advantage of them if you know the potential of how the balance will tip (I.e. You know what will become more likely to occur) later in the day. Take that line.
  • The public loves favorites and they are losers. Therefore, bet mostly underdogs.
  • There are contrasting theories about betting on multiple events. If you are going by the expected winnings approach (i.e. you want to win $100), you can either put the bare minimum ($5 in New Zealand TAB), then stack the 8-lines with 8 different head-to-heads so the odds would be $20.00. You lose less money, but since you have to worry about 8 events, if one event is not as you guessed (or if you have an event being cancelled), you lose the $5.
  • On the other end, you can push more money in if you have enough money to push (like $20), then you can just stack less lines that add up to an odds of $5 to get $100. You will lose more money if one event doesn't come your way, but if you are betting events happening throughout the weekend (eg. NFL with NBA), this is a safer call.
  • You can also use multiple single slips and adding money. You can never win more money than if all was pushed in a multi-slip, but it safeguards you if one line is screwed, you can still win money on the ones you hit.
  • In New Zealand, due to time zone differences, it is possible to do a rolling bet if you are somewhat cash-strapped. The way it works is that if there is an NBA playoff game that closes at 12:35pm (NZT), and you know that the result will come at around 4pm,do a points-total bet, then if you win that, take some of the winnings home, then continue with the later games like a Rugby League match that happens at night. This kind of betting would work even better for weekend bets.

Warnings

  • Addictive gambling is a serious problem! If you have this problem you need to stop all forms of gambling.
  • Only bet on sports if it is legal where you live and never use an illegal bookie.
  • Beware of long streaks. The odds for the winning team will continue to drop towards $1, but the day when the streak snaps, it could spell trouble. For example: When Houston was winning 22 games in a row and going for 23, the odds are tipping towards $1.00 on head-to head. But then when the streak was snapped... That is when the combined scores, head-starts and even really obscure side-bets like "Who will score the most points" could be a possible option.
  • Never be too confident if you can string together a winning streak (in terms of money). Massive upsets always happen.
  • Try not to do a multi on uncertain events. By that I mean games that are affected by weather (eg. tennis, cricket). If the match is abandoned or postponed, you can get a full refund when a single slip is done, but not if you have lost a line, got everything else. You may get money for the lines you have won thus far if all the rest are good calls, and refund the line that is abandoned, but check carefully. One great example is Houston Texans vs. Baltimore Ravens in the NFL. That match was postponed due to Hurricane Ike, and postponed to November.
  • Strangely, relocated teams do well in alternative home games, too. New Orleans Hornets did well in Oklahoma City, though the same cannot be said for New Orleans Saints. Tread with caution if Houston Texans are playing home games elsewhere in 2008.
  • Watching the games you have made a call on can be very stressful, especially when a game is long, or when you are wanting comeback wins or comeback losses.

Related wikiHows

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Win at Sports Betting. All content on wikiHow can be shared under a Creative Commons license.

U.K. Football Betting Tips | eHow.com

U.K. Football Betting Tips | eHow.com