If you want to survive in the game of sports betting, The Casino in Reviews then you have to use effective money management. I recommend that you follow these guidelines at all times.
- Only invest what you can realistically afford to lose. Internet Slots you have to remember that you really do not need to start with al a lot of money. I got started with only $100 dollars and I followed the system and my money has doubled over and over again over the course of years.
- Do not make your initial bet too high. Only invest 5% of your total bankroll for a flat betting system (in which you bet the same amount each time) and no more than 2% for a progressive system. You need to be patient here and allow your systems to do their slow and steady work.
- Increase your initial bets when your bankroll has increased by 25%. This will increase your earning power, The Casino just remember to stick to the suggested percentages in #2.
- Remember to Diversify your portfolio. If you have a total bankroll of $1000 and 4 systems that you would like to use, then each system should be allotted $250 and you have to keep those amounts separate.
You have to be disciplined in your use of your systems and in your money management strategy. It can be difficult especially you are doing exceptionally well or if you are losing badly. You may be tempted to deviate from the systems or the money management guidelines in either of those situations. But do not, World Sports Betting Mobile just remain diligent and the rewards are sure to follow.
The Casino in Reviews?Introduction
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.
Betting on Horse Racing: From Traditional to Technological
The core of any punter's arsenal is the dutching calculator, which is indeed a very influential tool. Dutching (as reputedly named after Al Capone's accountant who liked to use this method to back horses) is an excellent way of wagering more than one horse in a race such that if either of them win then the return is the same no matter who wins.Dutching techniques are used when one analyses a race to find two, or more, powerful horses in the race. One then has a variety of options. The first, and simplest, is to leave the race alone. The next is to try to work out which amongst these candidates is the one to back or, thirdly, one can 'Dutch' them up that if any of these horses win then a profit can be made. This is where the dutching calculator comes into play.Dutching is the process used to back more than one horse in a race and by mathematically placing the correct bet on each horse so that whichever horse wins the same amount of money is returned assuming, of course, that one of the backed horses actually does win.Dutching calculator is a very powerful betting device and is reputedly named after Al Capone's accountant who used this to great effect when backing horses. This calculator for dutching tells you how much to stake on each selection to ensure an equal profit no matter which one wins. Simply enter the price for each of your fancied selections in decimal format and your maximum total stake below.In particular, this dutching calculator allows one to bet with a preset stake or to get educated how much one should wager to return a fixed profit, it at all possible. In addition this calculator for dutching allows the user to enter either the traditional fractional odds or the 'American' decimal odds as used on the betting exchanges.Enter in the Stake box the figure that you wish to stake in total or enter in the Profit box the revenue you are looking to make with a successful Dutch. Then add in each of the boxes place the odds of the horses which you wish to back.This Dutching calculator, despite its simple interface, has a variety of features. First, the prices can be entered to either the decimal format (as seen on the exchanges) or in partial format (as used by bookmakers). If the price entered has a '/' (e.g. 100/30) then the Decimal format is unspecified.Second, with calculator for dutching, one the user can select the answer required. The user can choose between the "I have a £100 to place on this race, how do I divide it up?" option and the "I would like to win £100 on this race.Third, it figures out the revenue (on a successful bet, of course) and the ROI% (Return on Investment) so that the user can work out if this Dutching bet is will be profitable, as no one wants a negative profit, and worth the risk.In big fields, no matter what the sport, more often than not, you'll fancy more than two probabilities. Rather than pick one and kick yourself when the one you neglected compels, it's rational to 'Dutch' and back them all - and you can get surprisingly first class returns as long as the prices are big enough. With the use of dutching calculator, all of these possibilities can turn into a reality.