Playing With the Odds
Playing With the Odds
Everyone asks how to win and make money through betting in various sports events, whether it is basketball or horse racing. Vegas odds are usually the norm that other bookies pattern after when creating their own spreads. Of course there are many kinds of bets that it can be confusing and it takes experience to become better over time.
The straight bet is the easiest as it simply means that betting for the favorite will earn a lower return with lesser risk while betting for the underdog will reap higher returns but with increased risks involved. In an odds line of 10/13, placing an ante of $100 will yield $130 if the selected team wins.
The point spread will cause a little more head faking because it places both teams on a predetermined equal footing that will require a little more attention to the performance of both teams heading into the game. Remember that these spreads change over the course of the game and that the point spread value displayed on the ticket will be the one that will be used once the game is over and the money collecting time begins.
Multiple teams can be betted on simultaneously. This is known in the Vegas odds circles as parlays, where the chances of getting three or four winners all correctly but the payroll is geometrically higher than if one were to bet on all four games separately.
For sports that can end in draws such as boxing, refunds are ordered when there is no winner at the end of the match. Otherwise, the same rules apply as it does on the moneyline odds.
The most difficult factor to control in sports betting is one's impatience. The enthusiasm to jump into a bet and place one's self in the position to make big bucks is very dangerous unless there is a conscious effort to change perspective and look at the bigger picture, that is, long-term wins. There must also be an acceptance of losing and losing big, no matter how much knowledge one has in the sport being betted on.
As much as sports betting systems want to promise consistency, it is all a matter of looking at everything objectively and sometimes taking two steps forward will require taking a step back. It is a difficult process but it is part of the pleasure and pain that gambling brings. If losing is too much to handle emotionally and financially, then this is not the optimal set up to be in.
Curiously, everyone wonders how to win, but no wonders how it is to lose. When people start realizing that they need to prepare themselves with the feeling of losing, only then will they be able to appreciate the profits they rack in from their winners. Otherwise, they will only be living day-to-day in trying to take some from the market and giving it back right after. In such a scenario, only one party wins every single time, and those are the bookies banking on the Vegas odds.
Everyone asks how to win and make money through betting in various sports events, whether it is basketball or horse racing. Vegas odds are usually the norm that other bookies pattern after when creating their own spreads. Of course there are many kinds of bets that it can be confusing and it takes experience to become better over time.
The straight bet is the easiest as it simply means that betting for the favorite will earn a lower return with lesser risk while betting for the underdog will reap higher returns but with increased risks involved. In an odds line of 10/13, placing an ante of $100 will yield $130 if the selected team wins.
The point spread will cause a little more head faking because it places both teams on a predetermined equal footing that will require a little more attention to the performance of both teams heading into the game. Remember that these spreads change over the course of the game and that the point spread value displayed on the ticket will be the one that will be used once the game is over and the money collecting time begins.
Multiple teams can be betted on simultaneously. This is known in the Vegas odds circles as parlays, where the chances of getting three or four winners all correctly but the payroll is geometrically higher than if one were to bet on all four games separately.
For sports that can end in draws such as boxing, refunds are ordered when there is no winner at the end of the match. Otherwise, the same rules apply as it does on the moneyline odds.
The most difficult factor to control in sports betting is one's impatience. The enthusiasm to jump into a bet and place one's self in the position to make big bucks is very dangerous unless there is a conscious effort to change perspective and look at the bigger picture, that is, long-term wins. There must also be an acceptance of losing and losing big, no matter how much knowledge one has in the sport being betted on.
As much as sports betting systems want to promise consistency, it is all a matter of looking at everything objectively and sometimes taking two steps forward will require taking a step back. It is a difficult process but it is part of the pleasure and pain that gambling brings. If losing is too much to handle emotionally and financially, then this is not the optimal set up to be in.
Curiously, everyone wonders how to win, but no wonders how it is to lose. When people start realizing that they need to prepare themselves with the feeling of losing, only then will they be able to appreciate the profits they rack in from their winners. Otherwise, they will only be living day-to-day in trying to take some from the market and giving it back right after. In such a scenario, only one party wins every single time, and those are the bookies banking on the Vegas odds.
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