Make Money Making Sports Bets

We’ve all heard of the guy who bet on the underdog team in the Superbowl and walked away with thousands of dollars, or the friend of a friend who knows a guy that can hook you up with a Filipino cock fight next weekend.

If you’re a sports fan, it’s a pretty safe assumption to say you know that betting, both legal and illegal, takes place on practically every professional game and many college games.

Simply placing a bet can be a confusing affair — sports books have their own lingo, and the systems vary. Figuring out how to bet well enough to make some money is another matter entirely. How are the odds determined? Who sets the line? What percentage of the time do you need to win to break even?

In this article I’ll make you familiar with the lingo in the world of betting and odds making and show you how one of the world’s favorite pastimes can earn you a lot of money when you know what you are doing.

Sports Betting Basics

Different sports have different systems for oddsmaking and betting. There are even different systems for the same sport, depending on what kind of game the bettor wants to play. But to understand any of these systems, you first have to understand the jargon.

Action – Action is simply betting activity. Phrases such as “I want in on the action” or “Show me where the action is” come from this term. Since betting on sports is illegal in many places, you can’t always look up your local bookie in the phone book.

Handicap – In sports betting, “to handicap” is to give one team a points advantage in order to level the betting field.

Sportsbook – An establishment that takes bets, also known as a book. An individual who takes bets is a bookie.

Juice – This is the percentage of all bets taken by the bookie as profit. The juice is also known as the vig, short for vigorish. Sometimes bookies take a straight percentage of the handle, but more often the vig is figured into the odds

Handle – The handle is the total amount of money wagered on bets. Super Bowl betting generates the biggest handle of the year for most bookies.

The spread – The point spread is used in high-scoring sports like football and basketball. It is basically a handicap used to make all games competitive in the eyes of bettors. The spread gives one team an advantage of a few points. Standard notation for the point spread shows the favored team first, followed by a negative number (the actual spread). The home team is shown in capital letters.

You can make sports bets on football, soccer, baseball, basketball…well pretty much any sporting event on the planet and you can make a lot of money from it, if you do it the right way. If you’ve ever wanted to place a bet yourself, but weren’t really sure on if it was worth the risk, you have come to the right place. Gambling in its very definitely means someone has to win and someone has to lose. What if you could find a way to tip the balance and be on the winning side with almost every single bet you make.

Sports betting systems are proven ways to help increase the odds of winning when betting in sports. Professional bettors and handicappers have designed these systems to allow us amateur bettors to learn the inside tricks and trades that they use to be so successful in sports betting.

Sports betting systems refers to a set of events that when combined for a particular game for a particular sport represents a profitable betting scenario. Since sports betting involves humans, there is no deterministic edge to the house or the gambler. The systems allow the you the gambler to have an edge.

Anger and Stress in Casinos

Casino employees are often vulnerable to a range of physical and emotional problems. Employees who work in casinos are expected to always treat customers with respect, smiles and dignity. Shelly Field, who counts “100 Best Careers in Casinos and Casino Hotels” among the 20 books she has written, said the 24-hour go-go atmosphere found in casinos piles stress on workers. “In the casino business you always have to be `on,’ and that adds to stress. Having to smile and be customer-service oriented on a constant basis becomes stressful in some instances,” said Field. The primary goal is to keep customers in the casino happy in spite of their attitude or behavior. Customers may often be intoxicated or angry over gambling losses. Employees are expected to tolerate rude and often insulting behavior. This can lead to stress, depression, hypertension, heart disease and anger. Since anger is a secondary emotion it is almost always preceded by frustration, stress or some other intense emotion.

Unrecognized and/or untreated workplace stress and anger can lead to an increase in sick day usage, accidents, interpersonal conflicts and poor morale. The resulting frustration experienced by the employee can trigger an angry outburst or employee burnout. According to an article published in CasinoDealers.net. Stress is extremely problematic among casino workers: 75% of casino workers identified stress as a significant cause of job dissatisfaction.50% of surveyed casino workers reported “a lot” to moderate stress.15% of medical claims among casino workers are reported to be stress related. Medical providers report that stress is a major contributor to most physical and mental health problems. Substance abuse, excessive eating and gambling are the principle occupational injuries of white collar and customer service workers. Stress indirectly costs employers $150 billion annually. Unfortunately, 25% of all surveyed managers believe that anger is an acceptable management strategy oblivious to the cost to the company as well as to employee morale. Stress is expensive emotionally, physically and financially for both employees and their employer.

Enlightened risk management and human resource consultants are aware of the business and legal exposure to organizations that ignore the need to address workplace stress, interpersonal conflicts, anger and person directed aggression. The average cost to an organization to defend itself against litigation charging workplace abuse, is $700,000. The introduction of anger management courses which include techniques for recognizing and managing stress, managing anger, improving communication and increasing empathy have been shown to effectively address workplace stress and interpersonal conflicts.

Research conducted at the University of South Florida, demonstrated that when an anger management program was introduced to students in one class, the entire school benefited. Similarly, a twelve month study conducted in one unit consisting of 16,000 employees in the U.S. Postal Service resulted in a savings of 1.7 million dollars. There was an increase in morale, increase in workplace performance, and reduction of sick day usage, a reduction in accidents and a dramatic decrease in workplace conflicts.

In addition to offering anger management to employees who exhibit problems managing stress, communicating effective and demonstrating emotional intelligence; anger management classes can be a cost saving intervention relative to preventing workplace conflict and improving employee morale.

A typical program can be implemented by providing brochures, or pamphlets explaining what an anger management class is and is not. Often, employees are reluctant to attend any program which may imply mental or emotional disturbance. Therefore, it is essential that the course be explained in simply language as a class designed to teach skills in managing stress, anger and improving communication and increasing empathy.

In order to address the stress and frustration often found among casino workers a good anger management program can provide the workers strategies to manage their stress and anger. In addition the essential components of a good anger management program should include skills to improve communication and increase empathy. This is not a program to deal with severe emotional problems and therefore employees should not experience any stigma associated with attending such a class. These courses are generally taught in small groups with approximately 20 employees with separate groups for management and line staff so that each can feel free to express themselves openly. Management staff often benefit from additional training on how to recognize signs of employee stress or depression in their work units.

Conclusion

Casino workers experience a high degree of workplace stress and anger based on the unique nature of their work environment. Like doctors, firemen and law enforcement officers, the stressful nature of the work is not likely to change. Instead, it is the employee who must be taught skills to manage his or her stress in ways that increase rather than decrease his job performance and team morale. The introduction of anger management courses are a cost saving intervention for business and industry.

Best Online Sports Betting Sites

The world and the things around it are mostly working by the touch of technology. The alterations that we are having made by the technology are being so beneficial to us. Things are made much easier now and almost everything is more useful. The computer is the number one example of the change that the technology has given us. We do not have to go places or read books anymore just to be able to research; for we can now find anything we need like jobs or places by Google. We can also look for entertainment in the computer through fun sites. If you are a book lover or just plainly curious, you can read novels or any type of books like online sport books in your computer. In addition, downloading it would be better so you can upload it to your gadget and read it there. There are also numbers of job online if you are looking for one.

If you think it would be hard, well it is not. Communication is very easy to establish with the internet by electronic mails or what they call as E-mail. You can also chat by instant messaging or see one another face to face using the web cam that can be bought and attached in your computer. Most people make money from computers. Gaming is so demanding to all ages. That is why most invest for computers to build their own shops. Some might not be a fan of online games but surely there will be sites that are so much in demand to look at too. Gamblers are seen in such stores as well because of the sports betting sites. They are the ones that make money by online sports betting legal.

Sport betting is obviously a kind of gambling. This is usually played by those who watch sports regularly or people who just want to make money. This works by betting on the team on any sport, which can be soccer or basketball, by putting money in any cost you want in it. If the team you bet on loses, then you have just lost all the money you bet. However, if the team got the victory, you just got all your money back with profit, which makes you richer than you are right now.

Is this easy or what? This betting process is usually done in betting houses but now, you can just go over your computer to look for the best Sports betting online that is available for you. These sports betting online sites are scattered in the World Wide Web for you to find. Making the betting online has saved us from wasting so much effort and time. But then again, which can be the best sports betting online site from all that you will find? You should ask the betters you know on the site which ones they would think are believable. The site must have a good reputation and are already trusted by many like the enthusiasts in sports betting.

You may look at sites like VIP sports to help you with betting on your picked sports team. This VIP sports is known all around the world by their eminent betting online. They will give you choices that are deluxe in the line of sports betting like NBA, NFL, Formula 1, NASCAR, horseracing and the most famous sport in America, the Major League Basketball. The VIP sport is not the only site that is best in the world. There are also BetCom, MyBookie, BetGameDay, and many more.

These sites may really be the best in sports betting but then these do not guarantee you a win. What you will need is a system that will make you win and consistently let you earn money.

Secrets of Sports Betting – The Bookmakers Secrets!

During the 1980’s, I was part of a group, that used computers to win millions in sports wagers from Las Vegas Casinos. This was before personal computers were in everyday use. The invention we not call the internet was years away from having access to handicapping stats and data. We were successful for two reasons. First we were ahead of the odds makers in collecting important information. They were still doing things the old way, and we took advantage of that loophole.

Those days are gone forever. The second key to success, is to understand how the numbers really work.

ODDS DO NOT PREDICT THE WINNER

Think of it this way. “Odds do not predict who will win. They are actually predicting who the public THINKS will win.” Most sports punters, both professional and novice, do not understand the secrets of the bookmakers.

Two-way sports wagers, (meaning two teams with a 50-50 chance of winning with no ties) are posted at odds of 11-10. This means you wager £11 to win £10. Half the punters select team A, and collect their £10 when they win. The other punters choose team B, and lose the contest paying their bookie £11. You would think this gives the house or bookmaker a 4.55% advantage. You would be wrong with this assumption, but do not feel bad, 99.5% of the bettors think like you do.

THE BIG MISCONCEPTION

General thinking goes something like this. The bookmakers, insure themselves a profit only by balancing their books. In other words, they hope to get half the bets on each of the teams, thus they win every time. In reality, they hardly ever balance their books, or even come close. Your may find small local bookmakers, with small bankrolls, try to operate in this manner, but with so many internet shops available, even they can even up lopsided books. Many small bookmakers do not even know the secret. They are like the rest of the cattle and travel along with the herd. The erroneous belief that large sports bookmaking operations need to balance their bets is the big secret in the industry. What they do need to accomplish, is secure plenty of volume on both sides, without actually balancing the books.

THE BOOKMAKER’S SECRET REVEALED

Suppose the bettors in our example game, risked $165,000 to win $150,000 on the favourite. But the public only bet $82,500 on the underdog trying to win $75,000. This looks like a mismatch, with the bookmaker heading for big trouble if the favourite wins. If the dog prevails, the sports book makes a profit of $90,000. He wins $165,000 from the favourite bettors, and pays out $75,000 to the Dog winners. If the Favorite wins, the bookmaker loses $67,500. He will win $82,500 from the underdog backers, but lose $150,000 to the fans who bet the favourite. This results in a loss of $67,500.

Now you may be saying too yourself that math does not make the house a winner. So let us review, when the Underdog wins, the bookmaker wins $82,500 but if the favorite wins, he loses $67,500. Favourites and underdogs usually split the winning equally and each side 50% winning of the time. Half of the time he will lose $67,500, the other half he will win $82,500, so his profit is $15,000 no matter who wins. So in our example, what is the bookmaker really risking? The bookmaker is really risking $67,500 to win $82,500. In simple terms, he is essentially laying $75 to win $100. That means he does not have to even win 50% of the time to break even. The house only needs a 42.9% strike rate, after that, it is all profit.

TAKE DOWN A 33% PROFIT NO MATTER WHO WINS

Give me odds of losing $75 and winning $100 on a 50-50 coin flip wager. I will beat you every time with this huge house advantage. To most fans, the general thinking is the bookmaker needs to balance his books with equal wagers. From my example, you can see this is not true. When you have bettors risking twice as much on the favourite side, you are getting a 33% return on every dollar.

Looking For Gambling Tips and Advice? Try These Starter Strategies

A quick look at the world of gambling tips reveals at least two general categories for guidelines and hints to help you win money online. Long-time writer and casino expert Gayle Mitchell offers a list of single-sentence tips that leave the thinking to the player. This sort of tip is self-explanatory and easy to follow.

For example, Mitchell’s workshops and seminars advise casino players to change $1, $5, $10 and $20 bills into coins, then carry the coins in a bucket so that you can judge your bankroll based on the contents of the bucket. This might be great advice for someone who finds it much too easy to snap that folding money off the roll.

If you’re an online player, there are similar gambling tips, such as setting specific limits for each session at the computer. For example, a player might have 1,000 points or dollars in the account and set a limit of losing 100, or 200. (The idea of when to quit is the subject of numerous articles, seminars and blogs.)

The other category that fits under the gambling tips umbrella would be gambling strategy. This advice may require more than few words to really be useful. But strategy tips are also crucial to success in a live casino or online.

An example: You can’t make a straight in poker without a 5 or a 10. That may seem to be simple enough as it is, but when you are looking at two hole cards and the three-card flop in Hold ‘Em this small tidbit becomes part of your overall strategy. This is also true when you are playing video poker and have to decide which cards to hold onto.

Of course, these two categories may not cover all the descriptions of casino tips, but they should be enough to start any player on the road to a little more success. Any assistance is welcome when you’re trying to win money online, right?

A Few Good Tips

On this subject, thousands of pages have been written, and thousands of words have been spoken. It’s impossible to cover even half of the great gambling tips and casino tips in one sitting. However, we’ll list a few of the best bits of gambling strategy in the interested of getting started.

In the video poker world, Mitchell suggests asking the moneychangers where casino employees play video poker. This could lead you to the best two or three machines in the building. She also urges video-poker enthusiasts to know about full pay and short pay. Full-pay machines offer maximum payback for the type of game – $99 out of each $100 that is bet, for example. Look at the payout tables and see if you are at a full-pay machine (nine coins for a full house and six for a flush.)

In video poker, you can throw away all five cards. Some experts gambling strategy say that a player will, over time, toss out all five cards once in every five or six hands.

Key gambling tips: Among the best bets in any casino, according to Mitchell, are a select number of slots and the full-pay video poker games. The best bet for blackjack is a table where the dealer has to stand on 17. According to this expert, keno, big wheel and double-zero roulette should be at the bottom of everyone’s play list. The bottom line for every player: Be an educated casino visitor. Check out the Frugal Gambling books by Jean Scott.

When it comes to true gambling strategy, the thinking cap has to go one and the player must devote a little more time to each issue. Let’s look at a great example from John Robison about slot play and the issue of playing full coins.

Key gambling tips: Robison and many have asked whether the additional risk of full-coin slots is rewarded with higher payback. Since this guy has a master’s degree in computer science and analysis, his study of more than 1,000 slot machines might be a good indicator of what to expect.

In the interest of keeping things simple for now, here are a few of his recommendations.

o With a straight multiplier machine, you are wasting time if you put more than one coin in at a time. Same goes for bonus multiplier.

o Play full coin on buy-a-pay machines, multi-line and on hybrid machines.

o Play full coin an progressives.

Among gambling tips, dozens of systems have been developed and tried as part of gambling strategy. For instance, the Martingale system included the advice to double the bet after every loss, so that with the first win the player would recover what was lost previously. This could work, but since each gambling event stands alone, it might take a minute or a lifetime to hit that first win.

Of course there are probabilities and expected value and so on, but if your chances are 1 in 10,000, you might have to wager 9,999 times to hit that one win. You may also lose 100,000 times before hitting ten in a row. The best advice among gambling tips would probably be: do what the winners do and hope for the best.