Tag Archives: Sports book

Sport betting bonuses

Sport betting bonuses

Most sports books give you a bonus when you first open an account and start placing bets with them. These bonuses are usually a lot smaller then casino bonuses. The reason for this is that sports betting is a skill based game, casino games are luck based games. A casino can formulate the terms and conditions of their bonus to make it very likely that you will lose your bonus before you have met the wagering requirements. The can make sure that they, on average, make money on every bonus they pay out. A sports book cannot do this because they do not have a guaranteed edge.

Below we are going to look at some common types of sports betting bonus.

Free Bet

One of the most common types of bonuses you get when registering with a sports book is the free bet. The free bet is usually worth less than USD50 but some sports books offer larger free bets. The free bet can usually be made on any event but you have to place the entire bet on one game. You can not divide the free bet to make several smaller bets. If you lose then the bet is lost. If you win then the money you won is considered bonus money and you usually have to meet a wagering requirement before you can withdraw your winnings.

Risk-free bet

A risk-free bet is similar to a free bet but it is not the same thing. A risk-free bet means that you get your money back if you lose your first bet but you do not get more money to use to bet. When you get a free bet you can place that bet and use the money you deposit to make a second bet (or several smaller bets). This is not possible if you get a risk-free bet. Risk-free bets never cost the sports book anything because you only get it if you already lost the money you get to them in the first place. Learn more about types of gambling.

A free bet is more valuable than a risk-free bet.

Matching bonus

A matching bonus is a bonus you get when you make your first deposit. Matching bonuses are common among online casinos but only a few sportsbooks offer this type of bonus. The size of the bonus you get is in direct proportion to how much money you deposit to your account. The amount you receive is often provided as a percentage. A welcome bonus of this type might be worth 100% up to USD500. This means that you get a bonus that is the same size as the deposit you make and the largest amount you can receive as a bonus is USD500. To receive the maximum bonus you need to deposit USD 500. 100% of USD500 is USD 500.

There is always a wagering requirement associated with this type of bonus. This bonus is worth more money than other types of bonuses but is also associated with a lot more terms and conditions that you need to fulfill before you can withdraw your money. Also checkout about interactive gambling by visiting https://www.infrastructure.gov.au/media-technology-communications/internet/internet-governance/interactive-gambling

Focus on one sport

Focus on one sport

As a sports bettor, you should always strive to focus your betting as much as possible. I recommend that you only bet on one single sport and preferable only on games in one particular league. You can choose two sports or two leagues if they are played at different times of the year. You should never bet on more than one sport or league at the time.

Why you should focus one sport

The reason you should focus on one sport is straightforward. It increases your chances of being successful. It increases your chances of winning money. You might think you have a better chance of winning money the more bets you place, the more sports you bet on. This is simply not true. Most losing punters are placing too many, not too few bets. Your goal should always be to place the right bets, not as many bets as possible. An essential part of becoming a successful sports bettor is to learn the discipline required to place fewer bets. To only place the bets that provide you with a lot of value, that provide you with good odds of winning money.

Focus on one sport

What do I mean by this?

Let us look at a few examples:

You feel that there is a 75% chance that Liverpool will win their next game games against Blackburn. The sports book gives you a 1.20 return if you bet on Liverpool as the winner. Ie you win USD120 if you bet USD100 and Liverpool wins. Liverpool seems very likely to win this game, and it is easy to get tempted into this bet. But the truth is that this bet offers you a negative implied value and it should never be placed. This bet will lose you money over time. You will earn a 20% return every time Liverpool wins, but you will lose your entire bet when Liverpool loses. Liverpool has a 75% chance of winning which tells us that they, on average, will lose one game out of 4. After four games you will have won USD60 on the tree games Liverpool won and lost USD100 on the game they lost. Overall you are down USD 40. Each bet you place have an implied negative value of USD 10. You should not make this bet.

Now let us assume that you in the same game would get the odds of 4.25 if Blackburn wins. The odds imply that the sports book think that odds of Blackburn winning is a lot lower than the 25% you calculate it to be. If you make this bet you are likely to lose. You will only win it one time in four. This bet does, however, offer you positive value and you should consider making this bet despite the fact that you are likely to lose the bet. Why, because you will earn money over time making this bet. Over the same four games as earlier Liverpool will win 3 games and you will lose USD300. Blackburn will win the forth game and this win will net you USD 425. USD425 is more than the USD400 you have bet in total. You have made USD25. Each bet you place have an implied positive value of 6.25%. This is enough for you to make a profit. A higher implied value is even better.

Calculating implied value

To be able to spot games that offer a positive implied value you have to be able to make your own calculations as to how likely each outcome is for a certain game. You then place the likely hood of each outcome in relation to the odds offered by the sportsbook to find bets that provide you with a positive value high enough to make it worth placing the bet. How high the positive value has to be for the bet to be worth making is up to you to decide. The higher the implied positive value you require to make a bet the lower the risk you will take.

To be able to calculate the odds of each outcome for each game you need to know a lot about the sport. The more you know about the sport and league in question the more precise predictions you can make and the more successful you can become. A successful sports bettor is a sports bettor that knows more than the people setting the odds.

Focus on one sport

Keeping up to date with all the news and making sure that you know more than the sportsbook takes a lot of time. This is why you should focus your efforts as much as possible. It is almost impossible to be an expert on all sports. This is especially true if you have a regular job outside of sports betting. In this case, it is almost impossible to know everything that happens in the world of sport. It can often be too hard to know all that happens within one sport. Your goal should, therefore, be to focus on one small part of the sport in question, one league. This allows you to make sure that you know enough to make money. To make sure that you know more than the people setting the odds for the sportsbook.

Keep in mind that the information that you can read in the sports section of your news paper is available to everyone. The sportsbook is going to know this info when they set their odds. Your goal should be to make sure that you know information that isn’t publicly known. Information to obscure for most people to know about it. Read the forums devoted to the teams, read fan newsletters and the teams official websites, the player’s twitter, etc. Make sure that no information, rumor or gossip pass you by. This is the information that gives you an edge and allows you to make money. Making sure that you stay up to date with all this information is a lot of work and you will not be able to do so unless you focus your efforts as much as possible.

You often hear that knowledge is power, well in sports betting knowledge is money, and you should only bet on games where you know everything.

Spread betting

Spread betting

Spread betting is considered gambling by some and trading by others. Regardless of what you call it is a high-risk way to speculate on financial markets.

Spread betting online

There are a lot of great spread betting platforms available online where you can do spread betting, so there is no need to settle for one that isn’t great and doesn’t suit your needs and preferences. Putting some effort into choosing a spread betting broker carefully is something I strongly recommend, because it can have a huge impact on the future success of your project.

Also, before you sign up with any platform, inform yourself about spread-betting and create a thought out a basic strategy for your project. You will most likely need to adjust this strategy as you gain more experience, but it is still a good idea to have some sort of plan in place before you start, e.g. which markets to focus on, how much to risk, how to diversify, etc.

With a basic strategy in pace, it will be easier for you to select a broker that fits that specific strategy, e.g. when it comes to the size of your bets and which things to bet on.

Choosing a trading platform (broker) for spread betting online

It is easy to get obsessed with finding the broker who offers the biggest possible sign-up bonus, but that is usually a very poor way of choosing, and in the long run, other features will be much more important for your bankroll and your trading experience.

Here are a few examples of things to look out for when choosing a broker for spread betting:

  • The trading platform. Is it easy to use and understand? Does it run smoothly on your computer and with your internet connection, or does it seem to be way too heavy and/or riddled with bugs?
  • The costs associated with trading. What will you pay to use this platform for spread betting? Is the pricing model suitable for your style of spread betting?
  • How competitive are the spreads compared to other brokers?
  • Does it offer spread betting on the markets / underlying that you are interested in?
  • What’s the minimum deposit requirement?
  • How small/big bets can you do?
  • If you plan on margin trading/leverage, what are the rules and conditions for that?
  • Are automatic stops and similar safety precautions available?
  • Before signing up with any broker, get in touch with the customer service to see how they treat you. Also, can you connect with the customer service through your preferred method? If you prefer to use live chat and they require you to you make an expensive phone call abroad instead, you will not be happy in the long run.
  • Who owns the platform, where is the company based and which jurisdiction(s) are applicable? Is it properly licensed?
  • Does the broker have a generally good reputation among other traders online?
  • Is customer-owned money kept separate from company assets? (This is hugely important in the event of a bankruptcy filing or similar.)
  • What resources are they offering you when it comes to tools, charts, news feed, etc?
  • Which transaction methods are available for deposits and which one for withdrawals?

Try out the platform using play-money first

Before you start risking your hard-earned cash, try out the platform with play-money. Most platforms offer this feature. It is a great way of becoming more familiar with the platform and learn how it works, and it can save you from making costly mistakes.

Choosing a sports book

Choosing a sports book

Choosing the right sports book can have a significant impact on your chances to win money. This is especially true if you want to bet on a less popular sports or leagues. (Something I strongly recommend) Different sports book will offer a different selection of sports and games to bet on. They will also provide different odds. The odds on the same game at different brokers are often similar but not the same. There is usually a 0.10 -0.20 difference or more. This might not sound like much but it makes a huge difference in the long run. Placing a bet with a 0.05 higher odds makes it a lot easier to make money as a punter. A small difference in odds allows you to increase how much you win without affecting how much you lose. It is a net positive that allows you to make money with a lower success rate. Click here to get about legalize sports betting.

It is very important to always place your bet in whichever sportsbook offer you the best odds.

Where to find the best odds

Now you might be asking yourself. How do I find the sportsbook that offers the best odds? The simple answer to this question is that you cant. There is no sportsbook that always offers better odds than other sportsbooks. One sportsbook will provide the best odds for one bet while another will provide the best odds for another bet.

Register with many sports books

If you want to maximize your chances to earn money, you should not be looking for the best sports book. You should not be looking to register with one sports book. You should be looking to register with several of them. The more the better. By registering with a lot of different sports books you can make sure to place every bet where you get the best odds. Where you have the best chance of making money.

The drawback to being registered with several sports books is that you need to keep funds available in different accounts. This limits the amount you can have available in any single account. You should never make any bet that is larger than 2% of your bankroll anyway so this should not be a big problem. It is possible to move the money between different sports books to where you need it, but I do not recommend this technique because it is a lot of work and withdraws can be slow. It is better to always keep money available in the account of each sports book you use.

I recommend that you start by registering with 3 or 4 leading sports books such as William Hill, Bwin, BetSafe, Betway or Ladbrokes. You can then gradually register with more sports books as your bankroll grow.

Where to place each bet

Your goal should be to place each bet where you get the best odds. To be able to do this you need to check the odds on each of the sports books you use before every bet. This requires some extra work but is worth doing none the less. There are numerous different odds comparison websites online where you can compare the odds for a particular game. This makes it easy to place the bet where you get the best odds. It also makes it easy to find new sports books that offer good odds for the events you want to bet on. Never be afraid to register with a new sports book to get better odds on the events you want to bet on.

Only use trusted regulated sportsbook

You should never register, deposit money or place bets with a sports book unless that sports book is regulated and licensed by a well regarded licensing body. The odds of getting scammed is very high if you decide to use a none regulated sports book.

Which events to bet on

Which events to bet on

Which sports you chose to bet on will affect your chance of winning money. There is no given answer to the question of which sport you should choose to focus on to maximize your chance of winning money. Which sport that is best will depend on your personal knowledge and interests as well as the gambling opportunities provided by the Sports books. You need to bet on a sport that you know a lot about and that the sports books are taking bets on. You might be an expert on a small local sport but that does not matter if there are no sports books taking bets on that sport.

Most popular sports to bet on

Association football (Soccer)

The most popular sport to bet on is football. In the united states, the most popular sport is American football, globally the most popular sport is association football, in the US better known as soccer. Soccer is the by far most popular sport in the world to bet on. It completely dominates the betting markets in Europe and South America. It is popular almost every where but the US.

Most sports book offer a huge selection of soccer games to bet on every day. They offer you to bet on the top leagues as well as lower leagues.

The popularity of soccer means that you will never have to worry about finding games to bet on. The drawback of betting on soccer is that it is so popular. The sports book spend a lot of time and effort to make sure they set the odds correctly, and it can be hard to find games that offer good value. You will need to spend a lot of time researching soccer to be able to make any money. Checkout about licensed businesses that offer gambling on https://www.gamblingcommission.gov.uk/

A way around this can be to bet on games in the lower leagues. These are less popular and it can be easier to find bets that offer good value. Being an expert on a lower tier league can be done without spending all your time researching soccer.

Tennis

It might sound surprising but Tennis has become a very popular sport to bet on. It is the second most popular sport in the Uk and parts of Europe. I do not recommend that you specialize in betting on tennis. The number of events that are played are limited, and the odds are usually well researched which makes it hard to make money.

Ice Hockey

Ice hockey is another very popular sport. Most sports books offer betting on NHL as well as all the major leagues in Europe. Many also offer a selection of games from lower-tier leagues. Betting on Ice hockey comes with the same drawbacks and opportunities as betting on soccer.

Choosing a sport to bet on

The number one thing you should consider when picking which sport to bet on is which sport you are interested in. A burning love for the sport you bet on is required to become a successful sports bettor. It is very hard to become successfully if you do not like the sport. It is hard to obsess over every little detail if you do not find it interesting. You should therefore always bet on the sport that you like best. Provided that there are sports books offering you to bet on that game. If not you should focus on your second favorite sport.

The second think you should think about when you are deciding which events to bet on is if you have a favorite team. If you have a team you consider to be your team. This might cause you to be biased in their games and make bets that you otherwise would not do. I, therefore, recommend that you refrain from placing bets on games that include your favorite team. I, personally, prefer to never bet on the league my favorite team plays in.

Is the sport and league you have chosen to bet on popular? If so this can be both a benefit and a drawback. I personally consider it to be a drawback. The advantage is that you will find a lot of games to bet on. The drawback of betting on popular sports, on popular leagues is that a lot of other people do the same. This means that the sports books will have a lot of money riding on each game. The sports book will therefore spend a lot of resources to make sure that they set the right odds for these sports. To make sure that they set odds that will make them money. This makes it hard to find odds that offer you good value as a gambler. Once in a while, you will see an odds that is set poorly but most of the time the odds will be well set which makes it harder to make money. I personally prefer to bet on less popular sports and leagues as the sports books pay less attention to them and pay less attention to how they set the odds. It is easier to find value in less popular sports. I personally recommend that you focus on a less popular sport or a lower league of a popular sport.