Tag: Truth

The Truth About Progressive MLB Betting and Chase MLB Betting Systems

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If you have bet on sports for any period of time, you know that losing streaks are part of the overall picture. It doesn’t matter who you are or how good of a handicapper you are, losing streaks are going to occur. It also makes no difference how you handicap. Bettors who rely on statistics, trends, or systems are not exempt from the inevitable slump, which makes following some of the baseball chase systems a dangerous task.

A chase system closely resembles the old Martingale betting strategy of simply doubling up after a loss, with the expectation of recovering any previous losses and showing a profit when you do win. If you were guaranteed a winning bet within three plays, the chase system would work fine, but there are no sure things in sports betting.

Just as streaks are part of baseball betting, they are also part of baseball and it isn’t unusual to see teams win or lose six, seven or even eight games in a row.

When somebody is promoting a baseball chase system, you will be drawn to an impressive record, but the records that are given aren’t the actual win-loss record of the games bet, but instead is the record of the chase sequence.

As an example, if a chase system says to bet the New York Mets, the Mets could lose their next six games. If they win the seventh game, a bettor following the sequence would show a record of 1-6 in the seven games they bet. But the system would be credited with a record of 1-0 on the premise that the sequence was successful.

If that isn’t bad enough, nearly every chase system will have you playing the favorite on the moneyline or taking the runline if the team is an underdog. Either way, you are going to be risking much more money than you stand to win. If you take an underdog of +120 on the runline, you can expect to risk close to -175 to get the 1.5 runs.

Using -160 for either a moneyline favorite or a runline underdog, assume a bettor wants to show a chase sequence profit of $100. The first bet will obviously be $160 to win $100. If the bettor wins the first bet, they will start a new sequence. It’s when the bettor loses the first bet that things begin to get a bit complicated. With the loss, the bettor is now down $160 and needs to win $260 on their next bet in order to recover the money lost and still show their desired $100 profit.

To win $260 on a wager that is -160, you will have to bet $416. If the second bet wins, the bettor can close out the sequence with a $100 profit, but if the second game loses, the bettor is now down $576 and will need to win $676 to show a profit for the sequence. That leads to a third bet of $1,082 and if the third bet happens to lose, the bettor is down $1,658 and will have to wager $2,813 to show a $100 sequence profit on the fourth bet. If it goes to a fifth bet, the amount required to bet would be $4,471, which could very well exceed a bettor’s betting limit or most likely, a bettor’s bankroll. A win in the fifth game would be good for a $100 sequence profit, but a loss will yield a sequence loss of $7,284.

Losing five bets in a row isn’t all that unusual. It does happen. But when it happens with a chase system it can get awfully expensive in a hurry and will knock all the best-funded sports bettors out of the picture.

Consider these numbers before you invest in a handicapper who claims to have a 44-1 record or have gone 22-0 last season. Losses happen, it’s a reality of the game.

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Source by Robert Holiday

Categories: Sports Betting

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The Truth About Betting Loopholes

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There are dozens of websites advertising ‘top-secret betting loopholes’ that are promised to make anyone an instant millionaire. Of course, everyone would like to easily earn gazillions from bookmakers, but the common sense tells us that there must be something wrong with such claims.

After all, if there actually was an enormously profitable gambling loophole, why would someone try to cheaply sell it to you? They would instead take advantage of the loophole themselves, hoping that no one else will discover it. Therefore anyone who claims to have a secret loophole that will make you large sums instantly is actually just trying to deceive you.

That, however, does not mean that there are no profitable betting methods at all. There are some low-risk ways to make money from bookmakers that could be considered ‘loopholes’; however, they are far from being secret. These two low-risk betting systems are arbitrage betting and matched betting.

Arbitrage betting involves placing different bets with different bookmakers or with bookmakers and betting exchanges in a way that generates a guaranteed profit. This is possible because of the differences in the odds at various bookmakers. Probably the most common type of arbitrage is between bookmaker and a betting exchange. If the back odds (odds FOR the selection to win) offered by a bookmaker are larger than the lay odds (odds AGAINST the selection to win) at the exchange, it is possible to make some money by carefully placing both back and lay bets on the same selection.

Unfortunately arbitrage betting is not only profitable, but also complicated. Good Arbitrage opportunities are very hard to find and they often last for a very short time (sometimes only a few seconds). Furthermore, the returns from arbitrage betting are relatively low. Even the best arbitrage bets will only earn you a tiny percentage, say two or three percent of your stake; therefore a large bank is needed to make any significant profit.

Matched betting is somewhat similar to arbitrage betting: both back and lay bets are placed on the same selection, hence enabling to extract bookmakers’ free bets and signup bonuses with practically no risk. Matched betting opportunities are easier to find since you are not looking for the extremely rare cases when back odds exceed lay odds, and you do not need to have a large betting bank to successfully do it. However, matched betting requires you to open multiple bookmakers’ accounts to qualify for new free bets, which can get a little annoying.

There are indeed some low-risk ways to make money from online bookmakers, but none of them are ‘secret betting loopholes’ that are going to make you an instant millionaire. However, if you are willing to spend some time and effort, both arbitrage betting and matched betting are valid and reasonably profitable methods to make money from online sports betting.

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Source by Emil Wilson

Categories: Sports Betting

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Full Time Gambler Reveals the Truth About Sports Betting

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I’ve often heard it said, “you can’t win betting on sports.” The truth is sports betting is one of the few types of gambling that you CAN win at. The problem is there are so many factors which need to be taken into account, it can be very overwhelming.

There are playing conditions, injuries, home or away games, players health, defense, offense, past performance, coaches, importance of match, rivalries to name a few just to calculate a very precise outcome.

What’s The Odds?

Most people betting sports aren’t aware that you only need to win 52.5% of your bets to break even. 56% winners makes you very successful. If you can manage to average above 56%, you are going to make an enormous amount of money.

Now 56% doesn’t sound like much, does it? just over half your wagers.

The rest is discipline, money management and no doubt, a good selection method. But let’s be clear, there is no magic bullet, no quick and easy method… or is there?

Are You In It For Fun Or For Money?

It can definitely be fun and very exciting to win, especially when you’ve got a big bet riding on the game. Or maybe you just lost a game and decided to double up on the next one to try and “get even.”

If you’ve ever tried this tactic, I’m sure you know all too well that more often than not you lost the 2nd game too. Now you’re broke, starting over, building up a new bankroll and hoping for a better outcome the next time… But as you know, hope is not a winning strategy.

This kind of heart-stopping action is not for me. For my money I prefer a more predictable type of wagering whether it’s betting on sports or any other form of gambling. I like to have more control over the result.

Just to be clear, there will be losing games and maybe even losing days, but by managing your money, patiently building your bankroll, you can comfortably afford to take a swing at those parlays.. that is a winning strategy.

Betting a small consistent amount per game is not exciting… but that is what intelligent, professional sports bettors do. So the question is, “are you doing it for the excitement, or for the money?”

Taking The Gambling Out of Sports Betting

A winning bettor always tries to take the gamble out of the game. Each bet is a calculated risk. There is no magic method that will bring in thousands of dollars overnight.

Taking down a steady monthly profit, working only 5 minutes a day IS the only way. And if you let your account multiply for a few months, before long (months not years), you will reach a point where you could be bringing in hundreds or even thousands of dollars of profit each month… now that’s magical.

Sports Investing will with near certainty turn a small amount of capital today into significant monthly income, month after month and year after year.

There are people who say you can’t win betting on sports… they’re just wrong. Wishing you the best of luck always.

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Source by Ray Walkoczy

Categories: Sports Betting

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