Casino Online Betting – Why to Select Playing Online?
If you look ten years back from now, you would probably recognize how difficult it was to manage some time from your busy schedule to get into a casino in order to enjoy your games. Time has changed and now you can essentially enjoy the same excitement and thrill of casinos right from your home computer. Casino online betting has come as a great boom eliminating the hassles and making it easier for people to reach out their preferred casino playoffs from anywhere and everywhere.
Leaving behind the requirement of traveling all the way to a faraway casino, you can now enjoy online betting at your computer with internet connection. Casino betting stands legal for all those who have attained the age of 21. So if you’re 21 and looking to try your hands in gambling, you can join in the same excitement available right in your own room. A variety of casino gambling sites are lined in the internet aiming to bring you the best always.
In fact, if you happen to play in any online casino site from before, you will probably know what are the main advantages associated with online casino betting. The features that an online casino offers its players are usually more than what are available in any land based casinos. Today, the online casinos have emerged as the most choice able medium emerging as the largest revenue maker of the gambling industry each year.
The reasons that makes online casino gambling the most popular medium of playing selected casino games include:
1.Offering more choices of online betting sites: It is the online casinos that make casino gaming much simpler as possible in terms of selection of particular sites to play. Currently, the internet includes a large number of casino sites than the total number of brick and mortar casinos based worldwide. Thus, you need not have to worry about the distance of finding a good casino.
Finding a good site is just a few clicks away. Additionally, you can always change your site at your own ease. However, one vital thing to consider is to avoid any kind of rogue casino sites. Make your casino online betting an enjoyable one ensuring the sites that are recognized and do not cheat the player’s money.
2.Convenient and easy withdrawal and deposit alternatives: The online sites offer a range of different banking options to help players in making their withdrawals and deposit. Most online betting sites accept major credit cards like Master and Visa for both withdrawal and deposit purpose. The use of wire transfer of money from the casino account to your banking account is safe and convenient ensuring a secure play each time. Additionally, you can also select to use other e-wallet options like that of Neteller, Entropay, Click2 pay, Money bookers, My Citadel to transfer the money to or from your own casino account.
3.Promotions and Bonuses to be won online: The bonuses and promotions also form to be an attractive option for casino online betting. You will never find these options in any brick and mortar casino. It is the online casino that offers you a range of welcome or sign up bonuses, cash back bonuses, no deposit or deposit matching bonuses and more. With these freebies, you will be able to increase your bankroll at ease. In addition, you can also make use of this kind of free money to increase your cash using them in your further bets.
4.Distance does not matter in the present date: With the inclusion of the internet casinos, there is no need to travel to a faraway casino. The online sites can be conveniently reached by clicking your mouse. Thus the online casino eliminates this distance factor. It enables people who reside in a far away place to sit and enjoy their favorite games online while playing from the comforts of their home or office.
5.Play anytime from anywhere: Continuing with the fourth point, the casino online betting includes one basic advantage that is it makes gambling more easier including the opportunity of playing from anywhere and at anytime. Wherever you may be, you can just connect your pc online and get started with your favorite games.
In this article, we'll explain 6 popular betting systems that you can experiment with in your online casino gaming experience. Truth be told, these timeless, tried and true betting systems originated in the world of offline betting, but they apply equally as well to online casino gambling, no matter what the game, no matter what the betting structure.
Before You Begin: For most of these systems, you will need to decide what your betting unit will be ahead of time (such as the minimum allowable bet at the game and online casino in question).
1-3-2-6 Betting System
This is what's called a Positive Progression system, meaning that as you win, your bets increase. The foundation of this online casino betting system is the premise that a player can win any game a maximum of 4 times in a row before they’ll probably lose.
Here's how the system works:
- Bet 1 unit each betting round until you win a round;
- After you win a round, bet 3 units on the next (second) round;
- If you win a second round in a row, bet 2 units on the next (third) round;
- If you win a third round in a row, bet 6 units on the next (fourth) round;
- Then, no matter what happens (win or lose) return to the beginning of the pattern, betting 1 unit per round until you win one, etc.
The risk-reward scenario with the 1-2-3-6 betting system is simple. You can win as much as 6 times your original bet after 4 rounds of play while only putting 2 units of your own at risk.
The worst case scenario with the 1-2-3-6 betting system is that you lose 6 consecutive times in the second round. No matter, though. You can make it all up by winning 4 times in a row.
The Martingale System
This is a Negative Progression system, meaning that as you lose, your bets increase.
The foundation of this online casino betting system is the premise that a player cannot possibly lose an infinite number of times without ever winning a single round. Therefore, what the Martingale system is designed to help you do is offset all of your accumulated losses with a single win.
Whether you consider it cynical, realistic, or both, this system works best in cases when the online casino game is paying out a 1 to 1 payout ratio on each bet. Here’s how it works:
- First, place whatever bet you’ve decided to start with;
- If you win, bet the same amount again, but if you lose, bet double the amount;
- If you lose again, you double your bet again.
The downside to the Martingale system is that you need a large bankroll to start out with as well as the resolve to keep increasing your bets as your losses compound. Not just anyone can pull this online casino betting system off.
In the rarest of cases, you may, after enough losses, reach the online casino’s betting maximum and then not be able to raise your bet further or offset your losses with one win.
The D’Alenbert System
This is another Negative Progression system. It’s also considered an Insurance System in that, as you win, the size of your bets increase. Here’s how it works:
- Each time you lose, you raise your bets by one unit;
- Each time you win, you lower your bets by one unit;
This system also requires a large enough online casino bankroll to pull it off.
By adding the insurance system to the negative progression system, you’re hedging your increasing losses by pulling some profits off the table each time you win.
The Labouchere Betting System (a.k.a. The Cancellation System)
This system, another Negative Progression, is somewhat more complicated than those listed so far. Depending on the odds in whatever online casino game you’re playing, you’ll come up with some sequence of numbers -- of any length you wish -- and not necessarily sequential.
Each number in your sequence is a multiple of your predetermined betting unit (7 therefore is 7 times your betting unit; 5 is 5x, etc.) Here’s how it works:
- Your first bet should be the sum of the first and last numbers in your sequence;
- If you win, cross out those two numbers you just added together (the two outermost in your sequence) and bet the sum of the next two;
- If you win again, cross out those two outermost numbers and repeat the process
- If you continue winning until you have no more numbers in the sequence to add together, you simply start from the beginning with the entire, original sequence.
- If you lose, you add to the end of the sequence, the sum that you had just used, thus creating a new sequence;
- Crossing out no numbers at all (because you didn’t win yet), add the first number in the sequence to the new last number that number and use that new sum as your multiple;
The supposed benefit of this complicated betting method is that anytime you have to start over with the original sequence, you come out with a profit. The drawback is that you can accumulate enormous losses before you ever win (if you ever win).
Your success at the Labouchere system really depends on selecting the right sequence.
The Paroli System (a.k.a. The Anti-Martingale System)
This is another Positive Progression system. More than simply selecting a unit of betting, with the Paroli system you also need to determine two other criteria before you begin:
1. A cap: The uppermost amount at which you will stop increasing your wager and return to your starting unit;
2. A multiple: How much you’ll increase your bet every time you win (1 unit, 2 units, 3 units, etc.)
You should base these factors on the odds of the online casino game you happen to be playing. The appeal of the Paroli System is that you can play at the online casino for a while with a small bankroll. You cut your losses and let your profits ride.
The Parlay System
This is another Positive Progression system. Similar to the Paroli System, the effect of the Parlay system is to “pyramid” your profits, meaning that every time you win you wager both your winnings and the amount of your initial bet as your next bet.
The reward of the Parlay system can be huge. The risk is that you can lose it all in a single bad online casino beat.
Betting the House?
In a previous article I jokingly suggested I had put all my assets – my savings, the deeds to the farm, my kids’ Trust fund, and the proceeds from selling one of my kidneys – on a horse at Newbury. I showed this was potentially financial suicide, and an extreme example of bad money management.
I wrote that more often than not a losing punter will find himself saddled with a bunch of bad betting habits. It is these bad habits that have gotten him, and his betting bank, to where his is now – the Poor House.
To arrive at a change in fortune, and to start making consistent profits, the losing punter has to be prepared to make changes to the way in which he bets. In the previous article we talked about the cornerstone supporting my own personal betting strategy, and that is finding value in every bet you make.
You will only ever make a profit from betting if you consistently back horses at prices too high when compared to their actual chance of winning. This is exactly how bookmakers have made their money for generations – they consistently lay horses at prices too low compared to the actual chance of the horse winning. When punters continue to take these low prices day-in and day-out, it will only ever be the bookmakers who come out with a profit in the long run.
The second ‘bad habit’ I want to examine is the subject of inappropriate staking. What do I mean by staking that is not appropriate? Well, what I am driving at is placing bets that are generally too large in proportion to the size of your betting bank.
Before I expand upon this, the concept of a betting bank is a side-issue in itself. You categorically MUST have a sum of money put aside for the sole purpose of betting. It scares me rigid when I hear of people simply ‘dipping’ into their current account to place a bet using their debit card.
If you do not have a separate account for your betting activities, you cannot keep records, and you will not be able to answer that simple question, “Am I making a profit, or a loss?”
It goes without saying, that betting involves a degree of risk, and you should never bet with money you cannot afford to lose.
Getting back to inappropriate staking, the idea of lumping all your money on one horse is an extreme example of over-staking. Of course, on the one occasion this strategy may pay off. We had friends round a few nights ago to play one of those Race Night DVDs. I was comfortably in front by studying the form before each race, and placing considered bets at what I considered to be value prices. As you might imagine, I had a suitably smug expression on my face as we came to the last race, and our friends were complaining I enjoyed a ‘professional advantage’.
My wife then decided to put every penny she had left on an 8/1 chance. The race turned out to be the ‘lucky last’ for my wife, and she walked away with the whole bank!
But seriously, continue with these tactics, and it will not be long before you lose everything.
Personally, I would never consider starting any betting campaign with a bankroll of less than 100 points. In other words, I will divide my bank by 100 to arrive at my unit stake. You can see that I will only ever be putting 1% of my bank at risk when I place a bet.
This is a very generalised approach, and you might argue that a little more consideration should be given to a punter’s typical strike rate. True, if someone has a strike rate of 50% then it is statistically highly unlikely that he will suffer a run of 100 losers to go bust. So, in this case you might be justified in operating a smaller bank. Bear in mind that when flipping a coin, it is by no means unusual to see 6 or 7 ‘heads’ in succession, and losing runs in double figures do occur.
Erring on the side of caution, you could foresee two such losing runs occurring twice in close succession. In which case, I hope you can see that even when considering a system which such a high strike rate, having a bank of well over 20 points now seems very sensible.
With my own Redd Racing betting service, we enjoy what I would consider to be quite a healthy strike rate. However, we have experienced a negative swing of some 60 points during one particular month a couple years back. The account recovered to make a profit by the end of the month, but it underlined the importance of having a bankroll large enough to absorb the losing runs that EVERYBODY has to endure from time to time.
Indeed, it would probably be better advice if I suggested members of my service had a bankroll of 150 or even 200 points in reserve.
Yet I often receive emails asking me whether it is OK to deposit £100 with Betfair and start with unit stakes of £10.
Betting with stakes too high in proportion to your bank normally comes out of a desire to make money quickly. I think we are all guilty of getting overly greedy sometimes, and unwilling to think a little more long-term. People are inclined to set themselves unrealistic profit targets, given the size of their betting bankroll. Having a bank of £100 and expecting to be able to make £100 per month is not realistic. Get-rich-quick does not exist.
Akin to the Tortoise and Hare story, let me give you an example of where what might initially seem like a very moderate return, actually gives surprising results over time.
If you started with £100 in your betting bank, and increased this bank by just one-half of one per cent every day, after just 6 months your account would have a balance of £244 due to the compounding effect. You could more than double your investment in 6 months with this seemingly small daily profit return. Take that to your bank or building society and see if they can come anywhere near such a deal!
Hopefully this demonstrates how ‘slowly but surely’ wins the race.
To summarize, my advice would be to set your unit stakes at one per cent, or even one half of one per cent, of your total betting bank. By striking only value bets, and when the odds are in your favour, your betting bank will grow. As your bank grows, so you can naturally increase the size of your unit stake to make more profit – but your bets will still be in proportion to your bank.
In the next part of this Sensible Money Management series, I will look at more bad habits that suck money from the accounts of losing punters.
Betting on US SportsIntroduction
In article one, I introduced you to the Betting Exchange concept and explained the basics of LAY Betting (Lay to Lose). Now in this article, I'm going to introduce you to another unique and powerful feature of the betting exchanges, the Place Markets.
What Are Betting Exchange Place Markets?
Place markets are as the name suggests, markets which allow you to bet on a selection to be 'placed'. Eg. a horse to finish 1st, 2nd or 3rd in a 8 runner or larger field.
Now, the first and most important thing to highlight here is that these place markets are completely different to the well known Each Way (EW) betting markets offered by traditional bookmakers. The Each Way bet is in fact 2 bets of equal stakes.
The 1st stake is on the selection to win and the 2nd is on it to be placed. So a £10 EW bet will cost you £20 in total.
A £10 place bet on a Betting Exchange is a single bet and therefore will only cost you £10. If your selection finishes in a place, you collect your winnings and smile.
Think about it for a minute. How many times have you been certain that a horse will be placed, but you have not been confident that it will win...
Traditional Each Way Betting
Take the following example. A horse named 'Im gonna be placed' that is available to back with traditional bookmakers at 4/1 (5.0). Your very confident that it will finish in the top 3 in a 10 runner field.
With a traditional bookmaker, your options are:
1) Take a chance on it winning and place a win single on it. E.g. £10 at 4/1
2) Place an EW bet on it. E.g. £10 EW at 4/1 (5.0). Total stakes £20. The bookies will pay you 1/5 odds on the place element of this E/W bet based on their standard EW rules. On our horse which is available to back at 5.0 this equates to 1.8
Now, the only time the above race will be profitable for you is if the horse actually wins. In both cases you would make a very nice profit if it did. For option 1 you would win £40 profit and for option 2, £48 profit.
BUT, if as you suspected the horse only finishes placed in 2nd or 3rd, you actually lose money in both cases. With option 1 you obviously lose all your stake money so are down £10. With option 2, you win £8 on the Place side of the EW bet but still lose £2 overall as the win part of the bet was a losing one.
Enter The Betting Exchange Place Markets
Using the above example and depending upon the prices of the other horses in the race, you would probably see the Betting Exchanges offering odds of around 1.60 - 2.00 (evens) on this horse being placed. You can therefore put your £10 PLACE bet on at say 1.8 and collect £8 profit (minus commission) as long as the horse finishes 1st, 2nd or 3rd. Only if the horse finishes outside of the top 3 do you lose your £10 stake.
I'm sure this has got you thinking and you can probably see the power in this straight away!
When combined with a good staking plan and a sensible selection process, it can be common to have very long winning streaks when backing horses to be placed on the betting exchanges. These longer winning streaks more than make up for the relatively short prices that are offered on selections to be placed.
Place Market Important Notes
A few important things to note about place markets:
1) Unlike the betting exchange win markets, Place markets DO NOT go "In-Running" when the race starts but this is true of the traditional E/W bets offered by bookies as well.
2) If a race is planned as a 8 runner or more event but a number of horses become non-runners leaving less than 8 runners, the betting exchanges still offer odds on 3 places. This is different to bookmakers who in such cases adjust their odds on the place payment from 1/5 to 1/4 of the win odds BUT they only pay out on 2 places. If a 5,6 or 7 runner field is shortened to less than 5 runners, the betting exchanges will still offer place markets and payout if the horse finishes 1st or 2nd.
3) You can make up the equivalent of an E/W bet on the betting exchanges by placing a bet on the win market and a separate bet on the place market. Depending upon the type of race and the form of the market, you will often find that this offers more value in terms of odds than an E/W bet with a bookmaker.
Backing Or Laying On The Place Markets
As explained in article 1, the ability to Lay a selection is perhaps the most important feature of the betting exchanges. You now have the ability to Lay selections to be placed. In other words, if you have a valid reason to believe that a selection will not even finish in a place, Lay it to Lose on a betting exchange. The real beauty of laying on the place markets, is that the odds are always much lower than the outright win odds so your lay liabilities are much lower.
Trading On The Place Markets
As the place market prices are much lower than the outright win market prices, they also offer a great place to learn the skill of TRADING without much risk to your balance! Betting Exchange trading is simply the process of betting on price movements for guaranteed profits. E.g. Back a horse at 4.0 and then Lay it later at 3.0 for a no risk bet or guaranteed profit regardless of the outcome!
Betting exchange trading will be covered in detail in a future betting article.
Place markets should be used as part of your betting armory. They offer you the chance to make money frequently with long winning streaks being very common. This helps to build your confidence as well as your betting bank!
Bookie Each Way bets are not always poor bets but in the vast majority of races, the odds are stacked firmly in the favour of the bookmakers. They simply love punters taking EW bets on these races as they know its their bread and butter. A small proportion of races where the market is formed in a certain way do offer the punter very good E/W value but that's for a different day...
Well that's it for part 2 of my betting exchange articles. In part 3, I will be explaining the Betting Exchange In-Running markets.
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