If you want to survive in the game of sports betting, Best Sport For Betting 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. The Best Betting Site 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, Best Sport For Betting 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, Good Betting Websites just remain diligent and the rewards are sure to follow.
Best Sport For Betting 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. Summary 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 : Sensible Money Management (part 3)
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 theyll 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. Heres how it works: - First, place whatever bet youve 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 casinos betting maximum and then not be able to raise your bet further or offset your losses with one win. The DAlenbert System
This is another Negative Progression system. Its also considered an Insurance System in that, as you win, the size of your bets increase. Heres 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, youre 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 youre playing, youll 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.) Heres 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. However:
- 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 didnt 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 youll 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.