Category: Betting

Rookie Mistakes

Why Your Sports Bets Are Not Going In Your Favor

It is a well-known fact that most people who place sports bets end up losing money with 90% of these bettors losing money during the year but this does not stop them from betting on sports. When these sports bettors gradually become broke such that they cannot bet anymore, someone else is always willing to take their position.

Poor money management

The main reason sports bettors lose their bets is that they manage their money poorly and not that they make poor picks. More bettors can select winners compared to those who make money and it is because of money management. Betting less money on one game and more on another game is one way to eventually lose your money. A better could win several games by betting more times than normal but the losses will catch up and they could end up in trouble.

rookie mistakes

Waging on the wrong event

Basketball and football are two of the most wagered on sports and they are the hardest to demonstrate a long-term profit for bettors. Most professional gamblers prefer baseball as it has more benefits in terms of money received. Hockey is another sport that could give you an advantage but it rakes in less money than baseball. You do not need to like hockey or baseball but if you like money, these are two sports to follow.

Lacking information

A majority of bettors know a sufficient amount to make them powerful because there is a difference between being knowledgeable in betting and being knowledgeable in the specific sport. Most sports bettors do not realize they are competing against bettors who have studied betting angles, injuries, trends, studying, and handicapping. Find someone who has time to study the games if you are not able but do not presume that you know more than the rest.

Betting more TV games than you should

Lots of sports bettors feel obligated to bet on a contest if a game is televised. Being that so many games are currently televised, some bettors can have as many as 8 bets going in one night and the number can be higher on weekends. If you will bet on each televised game, ensure the bets are much smaller than your usual bets. A good number of bettors have lost a lot of money by betting more money than normal on televised games because they trust that they are sure bets.


Sports Betting 101

What Sporting Betting Is And Why It Is So Popular

Sports betting may seem daunting to some people with all the talk of sportsbooks, bookies, point spreads, and odds. However, once you get to understand the basics of what sports’ betting entails you will find that it is not as difficult.

A sports betting is a type of gambling that includes placing a bet on the results of any sports event with the main intent being to win an additional sum of money. A bet usually has 2 probable outcomes except in the case of ‘draw no bet’ wagers or spread betting. Depending on the bookmaker odds, you will either lose your bet or win a profit. Although sports betting usually embodies wagers on sports such as tennis and rugby, one can also bet on competitive entertainment shows or on finance i.e. changes in interest rates.

sports betting 101You can place a sports bet on tournament or fixture results or you can place it on events that occur during a fixture. A good example would be a football game between team A and team B whereby the probable bets would include team A to beat team B, team B to win 3-1, team A winning by one goal, team B to be in the lead at half-time, and a certain player scoring a goal.

Any company that offers sports betting services can be known as a betting agency, sportsbook, bookie, or a bookmaker. Services that offer a marketplace where odds can be established is known as a betting exchange. A better or a punter is a customer who usually places wagers or bets.

Placing a bet on an outcome means that you are backing up that outcome. Betting on Team A to beat Team B means that you are backing Team A. bookmakers enable you to only support an outcome while a betting exchange allows you to bet in favor of outcomes and against them. A lay bet is one that is placed against the outcome of a sporting event. You could place a bet on a certain player to win a sport. Your lay bet would win if anyone aside from the specific player wins and it would lose if the player wins the sports event.

The singular difference between casino gambling and sports betting is that with sports betting, you cannot know the possibilities of winning which is why they are estimated. In casino games, however, there is a known certainty of the house edge. Sports betting honors research and patience because the bookmakers are just guessing the genuine probability of every possible outcome. Although bookmakers usually offer precise odds on the regular, the experienced punter can find good value.

Sports & Bits

Getting To Know What Bits is All About

With the increasing number of betting sites on sports, more of them are offering money-based games and gambling using bitcoin (bits) currency. A few of them transact solely using bitcoins while other online sites use it as a supplementary transaction currency in addition to conventional currencies like the US Dollar.

These bit sites work globally regardless of the fact that they are purported to be susceptible to local laws. Bitcoin transactions give bitcoins a variety of alternatives for players to bet on spread betting, online lotteries, sports-based betting, gambling games, and games using their bitcoin money.

How do they operate?

sportsThe software is an essential element of any gaming or online gambling business, which is also the case for bitcoin betting. Most prominent bit casinos with a significant user base execute their own gaming software, which they have developed for themselves. Smaller players usually use rented or purchased software versions, which they can personalize by incorporating several exclusive characteristics to the games.

The software controls and executes the game with as little human intervention as possible. The software usually plays the position of table dealer by conducting the game for any games that require human players. Because of the digital nature of these businesses, bitcoin casinos have to deal with the problem of convincing users about how fair their operations are. Most of these bitcoin sites try to build trust by revealing the workings of their software algorithms openly. Others make use of peer-to-peer references which operate efficiently or offer a uniqueness in their games.

Poker is usually the most preferred game for these bitcoin games and other interesting lotteries, games, and varieties of other popular games are present as well.

Why is bitcoin so popular?

The greatest advantage is anonymity for bitcoin users when it comes to any type of bitcoin transaction. Majorities of these bit do not provide transaction fees with free unlimited daily transactions but conventional casinos have established transaction fees and limits in place.

Due to the digital online nature of such businesses, there is easy availability and global access for large numbers of players all around the clock. Given that online games are mostly beyond the control and range of the authorities, most of them have been custom-built with adjustments in their rules. Such changes are not legally permitted in online casinos based on traditional currency, which has been one of the main reasons why bit sites are so popular.