Online Betting Terms: U – Z

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Under: An increasingly popular football fixed odds market is total goals betting, sometimes known as over/under. A commonly available over/under bet available in football is over/under 2.5 goals.

Underdog: A team or individual that is expected to lose. Also known as the dog.

Value Bet: Simply put, if you believe the odds taken are better than the mathematical chance which the team involved has of pulling off the outcome, then you have a value bet.

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Visor: A device fitted to a horse’s head which restricts it’s field of vision in order to help it’s concentration.

Walkover: A race where there is only one runner left after a number of non runners.



Wise guy: A well informed or knowledgeable handicapper or bettor.

Yankee: A Yankee consists of 11 bets involving 4 selections in different events. The bet includes 6 doubles, 4 trebles, and an accumulator.





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Online Gambling Safety

For online gambling to be an enjoyable experience for you, you need to feel comfortable that your money is safe. there are millions of people all over the world who do their betting and gambling over the internet. This in itself is a good indication that there isn’t too much to worry about.

The vast majority of gambling sites are run by legitimate companies that treat their customers entirely fair and take measures to ensure that their customers money is completely safe. There are some exceptions, because there are a few dishonest sites that cannot be trusted at all,

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Finding a safe place to gamble online can be a daunting task. Thousands of sportsbooks, casinos, poker rooms, and daily fantasy sports websites would love to take your money. You need a way to sort out which ones you can trust and which ones should be avoided.

Check the deposit methods

This should come as no surprise that the more disreputable casinos will only accept checks, cash or wire transfers in order to build an account balance. A few would take credit cards in addition to that, but the most reputable and best casinos will also take a third party service such as FirePay and NETteller.

How Long Have They Been in Business?

Online gambling sites that have been around since the late 1990’s or early 2000’s have long track records of customer service.

Check the encryption software

Reputable online casinos know how important security is to their players. The thing to look for is encryption software that is 128-bit. That is the same technology used by the military to encrypt their data and makes hacking nearly impossible.

Are They Licensed and if so, Where?

Almost every online gambling website is licensed somewhere. Just because a site is licensed in one of these countries doesn’t mean it shouldn’t be trusted, but it is an additional piece of the puzzle.

Reviews

Reading online reviews is a good way to gather information about a gambling website. Take some time to find a few websites that offer real reviews. See if they have any negative reviews or negative issues in any of their otherwise positive reviews.

Play for Free First

Take the time to try out the gambling platform for free before making a deposit. Send the support staff a couple different questions to see how fast they respond. Call them if they offer a phone number for support.

Online gambling, like online shopping is only a relatively new technology. The internet hasn’t even been made accessible to the public for 20 years. So there will never be no risk, but risk can be substantially reduced by doing research and getting as much information about the casino you plan to gamble at as possible.



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Online Betting Terms: T

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Tic-Tac: A type of sign language used on a racecourse by bookmakers as a means of communication.

Tissue: A betting forecast designed to predict the odds of each runner in an event.

Tongue-Tie: A breathing aid used on horses that has a strip of cloth to stabilise the tongue and stop it from sliding over the bit.

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Tote: Betting system that settles bets based on dividends rather than set prices.

Trebles: A Treble consists of 1 bet involving 3 selections in different events. All must be successful to get a return.

Trifecta: A bet placed on the Tote that requires the first three finishing horses to be named in the correct order.

Trixie: A Trixie consists of 4 bets involving 3 selections in different events. The bet includes 3 doubles and 1 treble. A minimum of 2 of your selections must be successful to get a return.



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Online Betting Terms: Q – S

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Rag: The complete outsider in a field.

ROI: Return On Investment

Round Robin: A series of three or more teams in 2-team accumulators. A Round Robin means 3 selections in 3 (different) races, in 3 doubles, 1 treble and 6 single stakes about bets.
Runner: Somebody who places bets for another person.

Rule 4: A reduction in odds on bets placed before a certain time due to a fancied runner being withdrawn. The more fancied the runner, the bigger the rule 4 deduction.

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Scoop 6: A bet placed on the Tote each Saturday on six televised races, where punters compete for massive dividends.

Scout: Somebody who waits for what he thinks is an unusual strong wager. AKA. Sports Player.

Sharp: A sophisticated or professional gambler.

Silks: The colours worn by a jockey

Sire: The male parent of a horse.

Singles: The simplest of all bets is the single. With a single bet on a football match, only one outcome is backed, and the bet can generally either win or lose, although in Asian handicap, there are other possibilities.



Starting Price – the price of a horse when the race starts broadly based on an average of the on course bookmakers odds for the horse.

Special Bets: In an attempt to attract spread bettors into fixed odds football betting, some online bookmakers have started to offer specialized markets.

Spread Betting: to come

Steamer: An outcome that has been very well backed all day.

Stewards Enquiry:An investigation into on goings in a given race. Can result in place reversal or jockey suspensions.

Super Heinz: A Super Heinz consists of 120 bets involving 7 selections in different events. The bet includes 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, 7 sixfolds and an accumulator.



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How to play Online Poker

Online poker is faster and less intimidating than live games, with more variations available any time of the day or night. Right now there are more than 200 Internet poker rooms. The largest Internet poker room has over 50,000 people playing at the same time during peak playing hours.

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But before you hit the tables, you must learn the basics, so here is a list of basics tips to start learning how to play online poker:

Pay attention: Watch who’s playing aggressively or in a loose way.Only go up against the tight players if you’ve got a strong hand.

Watch the chips: If someone has more chips than you, be careful

No match: Cards don’t match any of the community cards? Fold as soon as someone else bets.

Ace in the hand: An ace in your starting cards isn’t necessarily a winner.

Starting hands with potential: Before the flop, go ahead if you have pairs (7-7, 9-9), two face cards (K-Q, Q-J), or cards that could make either a straight or a flush (8-9, 6-7 of the same suit).

Bet strong: In no-limit Texas Hold’em, you can bet any amount, any time, so when you do have great cards, back them up with a strong bet.

Be a ‘bettor,’ not a ‘caller’: Remember, a lot of poker is psychological, so go out there and take control.

Be patient: Try not to act too quickly. Before you make a decision, think about how the betting has gone and what your opponent might have.

Online poker isn’t any different from the game you’re used to. All you have to do is download the free software, sign up for an account, put some money into the game, and you’re all set. From there, you can either play for free with virtual money or test your skills and wallet against other players.

Things that you will enjoy while playing Online poker:
Online poker, you can play against people anywhere!
You can play multiple tables at the same time.
Online poker operates at approximately 4 to 5 times the pace of offline poker.
In a live casino, players can initiate or call a bet verbally, and it’s binding. Online decisions are put into action with the buttons on your screen.



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Online Betting Terms: P

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Parlay: The US term for an accumulator.

Patent: A Patent consists of 7 bets involving 3 selections in different events. The bet includes a single on each selection, plus 3 doubles and 1 treble.

Pari Mutuel: A tote style betting system used in France (the only betting system in France)

Permutations or Perms: There is a way to find 7 bets from only 3 selections, making use of what have incorrectly become known as permutations or perms.

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Photo Finish: When a result cannot be determined with the naked eye a photo is called for. The judge will then be able to determine the winner and winning distance using a photo.

Point spread: The predicted scoring differential between two opponents as quoted by a sports book.

Pony: A slang term used by bookmakers for £25.

Placepot: A bet on the Tote where a placed horse must be named in the first six races on the card.

Price: Betting or gambling odds.

Punter: The individual who puts on a bet.



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Online Gambling – Why Gamble Online

Many people enjoy gambling every now and again whether it be to unwind, to try their luck at hitting a jackpot or simply because they enjoy playing games of chance. If you have never tried gambling before, then you might wonder what the appeal is. Like any pastime or hobby, there are those that will enjoy it and those that do not.

There are whole ranges of reasons why people choose to gamble, but there are two in particular that probably apply to most people. The first is simply that it’s a great form of entertainment. The second reason is, the fact that it’s possible to win money through gambling

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Playing online may actually be better than travelling to a ‘real’ casino for several following reasons.
Players have the ability to choose from a huge range of games
Every game is available
Because the cost of running games for online casinos is so low, many offer a much wider range of betting limits online.
Many online casinos want to entice players to sign up so offer a range of bonuses.
Competition is fierce meaning players are often able to take advantage of numerous bonuses, prize draws and competitions that are regularly won.

There are also a couple of downsides of online gambling worth mentioning. One downside is the fact that it’s relatively easy to start up a gambling site and attract customers without having any intention of treating them fairly or paying them their winnings. The other downside is that being able to gamble so easily can result in people doing so more than they should.

Gambling online is in many ways better than at land based casinos. The only exception is the way you are paid. Win at a brick and mortar casino and the hand you cash. Win online and you might have to wait a few days for a wire transfer or a check.



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Online Betting Terms: O

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Odds: Also referred to as the price. The returns a bookmaker offers for a selection to win.

Odds On: Refers to a price where the odds are less than evens (fractional) or 2 (decimal).

Odds Against: Refers to a price where the odds are greater than evens (fractional) or 2 (decimal).

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On the Bit: When a horse needs no riding from the jockey

On the Nose: A bet on a horse to win

Outsider: The opposite of a favourite.

Over-round: The margin the bookmaker builds into their odds to ensure they make a profit on an event.

Overweight: An eventuality where the jockey weighs more than the weight one of his rides is supposed to carry.



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How to Online Gambling

The first online gambling Web site opened 10 years ago, paving the way for the hundreds that exist now on the Internet.

Gambling online can be overwhelming at first. Most newcomers to online gaming have concerns about finding trustworthy online casinos and how to safely deposit and cash out winnings.

But does online gambling differ from casino gambling, and what’s the appeal of playing at home by yourself instead of in a casino?

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Before you even start you might want to think about whether online gambling is right for you. Many people that have never gambled before wonder what the attraction is.

There are plenty of people that love it. There are risks involved, of course, but if you are sensible it can be a great deal of fun. There are loads of different ways to gamble: such as betting on sports or playing casino games, and going online is the best way to try them out.

Stay Safe

There are a lot of reputable and safe gambling sites, but there are just as many bad ones that you should avoid at all costs.

People often have concerns about whether it’s safe to deposit money, whether their winning wagers will be paid, or whether the games will be fair. It’s natural to have a few doubts about such things, but the reality is there’s very little to worry about.

The vast majority of people that gamble online have no safety issues whatsoever. With that being said, however, there are a few things that you should be careful about.
Things to Watch For

A few of the major fears associated with gambling online are cheating by the house, hackers gaining access to your account, and not getting paid your winnings. These are all legitimate concerns, but are not nearly as common as problems such as, slow payments, cash out restrictions, and the outrageous requirements of many promotional offers.
The main risk of gambling online in a country where it’s illegal is not criminal prosecution, but losing money when the gambling site or payment service is shut down unexpectedly.
Slow payments are usually a frustrating part of gambling online from a country where it is not legalized. Players with legal online gambling shouldn’t tolerate slow payments.
Always read the gambling site’s terms and conditions to find information about payout restrictions and other frustrating things. If you’re uncomfortable with the terms, find another site with more player-friendly ones.
Never accept a bonus without first understanding the terms and conditions.



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Sports Betting Strategies – Reverse Line Movement

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Reverse line movement is a sports betting strategy that is used by a lot of sports bettors, but people who are new to placing bets don’t really understand how it works.

Reverse Line Movement takes place when a large majority of sports betting picks are on one team, yet the sports betting line moves in the opposite direction.

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The first thing that you have to understand, is how regular betting lines work. Whenever you are placing a bet, there is always a favorite and an underdog. The favorite is indicated by the minus sign (-), while the underdog is indicated by the plus sign (+). These lines usually tend to shift by the percentage of people betting on both teams.

If the New York Yankees are playing the Red Sox at Yankee Stadium, and the opening line is -150 for The Yankees to win. After bettors have placed their bets, and 80% of the betting population picked the Yankees to win, the amount of action placed on the Yankees will force the line to move up to about -170. The reason behind the shift in the line, is to attract more people to take a risk on the Red Sox to win, because their payouts will increase if the Red Sox do win the game.

Once you identify that the public loves a certain side, we can start tracking the line movement. If the line moves toward the side that 70 percent of bettors are on, it’s as expected. Bookmakers are going to push the line up so they can induce some money on the other side.

When a line moves the opposite way of those 70-plus percent of tickets, we have a reverse line move. Take a step back and think about what is happening there. The books are getting flooded with action on Side A; everybody thinks Side A is going to cover. But the books are moving the line toward Side B. That should raise a red flag is up.

Why would a line move the opposite way of all the action? Even though tickets are coming in on Side A at a 70 percent or more clip, the money is actually coming in on Side B. A book may take a thousand $10 bets on Side A, but then they took one $50,000 bet on Side B from a bettor they know to be world-class. So even though the ticket count remains extremely lopsided, the money shows the books that they have to move the line away from what the public likes.

At Least 60% of Bets on Side, Reverse Line Move of at least 1 point

League W L P Pct Units
NFL 2008 173 119 3 59.2% 40.44
NFL 2007 155 130 9 54.4% 18.62
NCAAF 2008 253 185 6 57.8% 45.61
NCAAF 2007 227 156 4 59.3% 49.49
NBA 2008-9 161 119 3 57.5% 30.01
NBA 2007-8 221 182 6 54.8% 18.89
NCAAB 2008-9 220 153 11 59.0% 49.92
NCAAB 2007-8 272 203 11 57.3% 42.04

If you ever notice a reverse trend in the money line, it is in your best interest to place your bets on the underdog team that the sharp bettors are placing wagers on, because they are betting a lot of money on the underdogs, which means that they probably know something that you don’t.





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Sports Betting: Bankroll Management Skills

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How you manage your bankroll will have a significant impact on how well you financially survive streaks of bad luck or bad play, but it also affects how well you manage to keep the right focus in order to play at your best.

The goals of having good bankroll management are:
Maintaining a healthy bankroll during streaks of bad luck or bad play
Allowing yourself to focus solely on playing at your best and getting better

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Bankroll Minimum Limits

Poker Variant Number of buy-ins
Cash Games 50 buy-ins
Multi table tournaments 150 buy-in
Sit and Go tournaments 100 buy-ins
Double or Nothing tournaments 50 buy-ins
Heads Up tournaments 50 buy-ins
18-man tournaments 90 buy-ins
45-man tournaments 100 buy-ins


Here are some tips to help keep your bankroll in the black.

Avoid Betting Systems

Page after page of bad bankroll management advice exists, most of which suggests that gamblers should increase their bets when they’re winning and decrease them when they’re losing. These betting systems go by different names and some have slightly different features, but they’re all basically the same.

Flat Betting

Bet the same amount for each play. “Chasing” or increasing bet size based on your last bet is not recommended. Over time, you may hear about various systems where you increase your bet size “knowing” that you are due to win sooner or later. In general, these systems don’t work.

Reason for Betting on Sports

How much your maximum bet is? The answer depends on your reason for placing sports bets. Different bettors are looking to accomplish different goals – some of us are just looking for cheap entertainment, while other gamblers bet on sports for a living.

Unit Size

You should think about the type of investor that you are. Are you aggressive or conservative? Are you experienced or a novice? The answers to these questions will help you to determine the size of your typical bet. This is called your “unit” size.

Keep Track of Your Bankroll

Online sportsbooks take pride in the tools they offer their customers. Bankroll management tools built into various online sportsbooks can be your best friend.

Bankroll management is an easy concept to learn but a difficult one to keep in practice.



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Online Betting Terms: F

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Favorite: The team or individual the bookies rate most likely to win the contest they are betting on.

First Goalscorer: A bet placed on a player to score the first goal in the event.

First half bet: A bet placed solely on the first half of a game.

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Fold: A fold represents the number of selections in an accumulator, i.e a Four-Fold Accumulator consists of 1 bet involving 4 selections in different events. All must be successful to get a return.

Form: Form rates how a team is currently performing.

Fourfold: A bet on four horses where all are required to win

Furlong: Standard distance unit in racing. A furlong is equal to 200m and there are eight furlongs in a mile.





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Sports Betting Strategies – Parlay Betting Strategy

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A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager.

The beauty of Parlay Betting is that it offers you a possible hedge. In other words, you don’t have to hit a 4-team parlay to be paid 5-1

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Parlay Odds

The standard payoff from an online sportsbook for a two team parlay is 2.6 to 1. The true odds of this bet are 3 to 1.

Three team parlays pay 6 to 1 by the sportsbooks and have true odds of 7 to 1. The true odds represent the expected outcome if each bet in a parlay is a 50/50 proposition, and does not factor in the oddsmaker’s commission.

example of a three team parlay:

Pittsburgh Steelers -3 -110
New Orleans Saints +4 -110
Saint Louis Rams +10 -110

For this example. All wagers must win for the bet to be graded as a winner, and if any of the three wagers lose, the bet is a loss.

If we risked $100 at +600 (6 to 1), and our bet won we would win exactly 595.79, which we can round up to 596. Though our wager is +600, we still have to pay juice on each of three bets, which accounts for the bookmaker’s commission.

If one our bets should push, the parlay would become a two-team parlay, and if two bets push, it would become a straight wager. This is a general rule for parlay betting, as pushing a bet in a parlay lowers the parlay odds by one game.

Most sports books payout on parlays are (assuming all games are at line of -110):

2 team parlay 100 pays 260
3 team parlay 100 pay 600
4 team parlay 100 pays 1000





The parlay odds at most Las Vegas sportsbooks are:

2 teams 2.6 to 1
3 teams 6-1
4 teams 10-1
5 teams 20-1
6 teams 40-1
7 teams 80-1
8 teams 150-1

If you are playing multiple parlays you have to spread them out and mix and match. It means if you lose a 4-team parlay because the game you were least sure of you need to hone those skills to stay away from those traps. And by including the lowest team in too many plays can wipe you out quicker than a roll of the dice, on the flip side the payout on a 3-team play with a good $ line dog can provide a big lift to your bankroll and that’s why players love the parlay itself.

If you are an avid parlay bettor, it is essential to find a book with the best parlay odds. In a lot of cases, odds may vary slightly from book to book, and while this difference may seem trivial, it makes an immense difference to your bottom line. Finding the best odds for parlay betting is crucial and will make a significant difference in your bankroll. Be sure to compare parlay odds from leading bookmakers, if parlays are a prominent part of your betting repertoire. Taking advantage of promotions and bonuses is also hugely beneficial.

Parlays are can be solid bets if used effectively



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Online Betting Terms: G

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

GamCare: The UK national centre for information, advice and practical help with regard to the social impact of gambling.

Going: The condition of the ground at a racecourse. The going ranges from heavy to firm.

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Goliath: A Goliath consists of 247 bets involving 8 selections in different events. The bet includes 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds and an accumulator. A minimum of 2 of your selections must be successful to get a return.

Online Betting Terms: H

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Half time bet: A bet placed on the half time result.

Half time result: A bet that involves the Punter correctly predicting the result of a match at half time.

Handicap: A race where horses carry different weights based on their official rating or greyhounds get a head start based on their ability.

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Handicapper: A person who studies, rates and bets on sporting events and/or races.

Hedging: This involves placing a bet on opposing outcome to the punters original selected outcome in order to guarantee winnings or cut losses.

Heinz: A Heinz consists of 57 bets involving 6 selections in different events. The bet includes 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and an accumulator. A minimum of 2 of your selections must be successful to get a return.

Hook: Half a point added to e.g. football or basketball betting lines.





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Sports Betting – How to Golf Betting

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The game of golf is played in almost every part of the world now, with professional tours in almost every region. There’s the Asian, Australasian, Japan, Canadian and Sunshine Tour, but the main two to concentrate on are the European Tour, now rebranded as the Race to Dubai, and the US PGA Tour.

Betting on golf is like betting on any other sport. You read the odds, you make your pick, and you wait out the four-day tournament hoping your guy comes in.

The best time to make a golf bet is during one of the major golf tournaments. These major tournaments include:
The Masters
The U.S. Open
The PGA Championship
The British Open

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Golf betting is a straightforward exercise. There’s not a lot of complicated betting options when you bet on golf, and while all sports betting contains some exotic or proposition bets, for the most part, betting on golf means one of three things:
You can take the odds on a golfer to win.
You can wager that a particular golfer will finish in the top three.
You can bet that one golfer will beat another in a head to head match up.

Depending on which sportsbook you use, you may have other ways to bet on golf

Basic Money Line Odds

Here’s an example set of odds (using imaginary numbers). This represents the top of the field, as determined by handicappers:
Tiger Woods + 150
Phil Mickelson + 300
Steve Stricker + 450
Jeff Overton + 650
Ernie Els + 700
Field + 350

These are basic money line odds. Let’s say you want to be on Tiger Woods as the outright winner — his “+150” line means for every $10 you wager you earn $15 if he wins. A wager on Ernie Els would pay off $70 for every $10 bet, etc.

The Field Bet

Means if any golfer other than the ones listed on the line wins the tournament, your ship has come in.

A “field” bet is generally a bad bet, not just because they seldom win, but also because your odds aren’t that valuable if you do win.

Head to Head Golf Betting

Head to head golf betting involves betting on who will finish better between two golfers. This can either be who will shoot the better round, or who will finish better in the tournament overall.



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Online Betting Terms: I-L

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

IBAS: A service that settles betting disputes between bookmakers and punters.

In Running: When bets are placed during an event it is known as in running betting.

Jolly: Another name given to the ‘favourite’.

Lay: When a bookmaker accepts bets it is often said that they lay a bet. A bookmaker It will often be known as a layor. You can lay yourself on Betting Exchanges (see our section)
Layers Liability: How much a layer stands to lose if the laid selection wins.

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Lengthen: When a bookmaker sees little activity on a particular outcome, they may choose to lengthen or increase the odds available.

Line: The current odds or point spread on a particular event.

Lock: US term for an almost guaranteed winner.

Longshot: A team or horse perceived unlikely to win.

LSP: Level Stakes Profit. The amount of profit that would have been made if all stakes had been 1 unit

Lucky 15: A Lucky 15 consists of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 fourfold.

Lucky 31: A bet on five selections covering singles, doubles, trebles, fourfolds and a fivefold

Lucky 63: A bet on six selections covering singles, doubles, trebles, fourfolds, fivefolds and a sixfold



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Sports Betting Strategies – Reasons to Avoid Parlays

The schedules and nature of the sport make parlays very attractive to many football bettors. Most seasoned and successful bettors, though, generally avoid parlays because they don’t provide the best means of making money over the long term. You need to decide for yourself if parlays are the right things for you or not.

Here are some points to consider:

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Parlays can be seen as progressive betting systems. These strategies rarely allow you to grow your bankroll.
Parlay bets have higher variance than straight bets. Here you’re getting the same odds, but your chance of hitting a dry spell is greatly increased.
Line Shopping – Sports bettors maximize their profit by always shopping for the best price.

Now Let’s consider some of the reasons why you might want to play a parlay.
Reduced Juice – One site might offer 6.5 to 1 on a three team parlay. That works out to an advantage over betting -105 that other sites might offer.
Correlated Parlays – If a bookmaker was offering betting lines on both “will it be cloudy today?” and “will it rain today?”, if allowed, you’d be much better off betting either both as no, or both as yes, in a parlay bet as opposed to straight wagers. While this is a simplified example, there are plenty of times when outcomes are correlated in sports betting.
Free Play Bonuses – Several online betting sites, offer players free bets based on the size of their initial deposit.

Here are some Do’s and Don’ts on how to bet Parlays:
No matter how tempting it may be, try not to risk a lot of money on a parlay with more than three or four teams.
Instead of a seven team parlay, you can bet on a parlay with two to four teams, because the chances of you winning this type of parlay are way better than your chances of winning a seven team parlay.
You can increase your chances of winning by spreading it across several sports
When placing a parlay bet, you should bet the minimum possible every time you are picking more than 10 teams.
Another parlay strategy that has proven to work over the years involves keeping track of the trends.





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Sports Betting Strategies – Parlay Betting Strategy

A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager.

The beauty of Parlay Betting is that it offers you a possible hedge. In other words, you don’t have to hit a 4-team parlay to be paid 5-1

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Parlay Odds

The standard payoff from an online sportsbook for a two team parlay is 2.6 to 1. The true odds of this bet are 3 to 1.

Three team parlays pay 6 to 1 by the sportsbooks and have true odds of 7 to 1. The true odds represent the expected outcome if each bet in a parlay is a 50/50 proposition, and does not factor in the oddsmaker’s commission.

\example of a three team parlay:

Pittsburgh Steelers -3 -110
New Orleans Saints +4 -110
Saint Louis Rams +10 -110

For this example. All wagers must win for the bet to be graded as a winner, and if any of the three wagers lose, the bet is a loss.

If we risked $100 at +600 (6 to 1), and our bet won we would win exactly 595.79, which we can round up to 596. Though our wager is +600, we still have to pay juice on each of three bets, which accounts for the bookmaker’s commission.

If one our bets should push, the parlay would become a two-team parlay, and if two bets push, it would become a straight wager. This is a general rule for parlay betting, as pushing a bet in a parlay lowers the parlay odds by one game.

Most sports books payout on parlays are (assuming all games are at line of -110):

2 team parlay 100 pays 260
3 team parlay 100 pay 600
4 team parlay 100 pays 1000


The parlay odds at most Las Vegas sportsbooks are:

2 teams 2.6 to 1
3 teams 6-1
4 teams 10-1
5 teams 20-1
6 teams 40-1
7 teams 80-1
8 teams 150-1

If you are playing multiple parlays you have to spread them out and mix and match. It means if you lose a 4-team parlay because the game you were least sure of you need to hone those skills to stay away from those traps. And by including the lowest team in too many plays can wipe you out quicker than a roll of the dice, on the flip side the payout on a 3-team play with a good $ line dog can provide a big lift to your bankroll and that’s why players love the parlay itself.

If you are an avid parlay bettor, it is essential to find a book with the best parlay odds. In a lot of cases, odds may vary slightly from book to book, and while this difference may seem trivial, it makes an immense difference to your bottom line. Finding the best odds for parlay betting is crucial and will make a significant difference in your bankroll. Be sure to compare parlay odds from leading bookmakers, if parlays are a prominent part of your betting repertoire. Taking advantage of promotions and bonuses is also hugely beneficial.

Parlays are can be solid bets if used effectively



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Sports Betting Strategies – Reverse Line Movement

Reverse line movement is a sports betting strategy that is used by a lot of sports bettors, but people who are new to placing bets don’t really understand how it works

Reverse Line Movement takes place when a large majority of sports betting picks are on one team, yet the sports betting line moves in the opposite direction.

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The first thing that you have to understand, is how regular betting lines work. Whenever you are placing a bet, there is always a favorite and an underdog. The favorite is indicated by the minus sign (-), while the underdog is indicated by the plus sign (+). These lines usually tend to shift by the percentage of people betting on both teams.

If the New York Yankees are playing the Red Sox at Yankee Stadium, and the opening line is -150 for The Yankees to win. After bettors have placed their bets, and 80% of the betting population picked the Yankees to win, the amount of action placed on the Yankees will force the line to move up to about -170. The reason behind the shift in the line, is to attract more people to take a risk on the Red Sox to win, because their payouts will increase if the Red Sox do win the game.

Once you identify that the public loves a certain side, we can start tracking the line movement. If the line moves toward the side that 70 percent of bettors are on, it’s as expected. Bookmakers are going to push the line up so they can induce some money on the other side.

When a line moves the opposite way of those 70-plus percent of tickets, we have a reverse line move. Take a step back and think about what is happening there. The books are getting flooded with action on Side A; everybody thinks Side A is going to cover. But the books are moving the line toward Side B. That should raise a red flag is up.

Why would a line move the opposite way of all the action? Even though tickets are coming in on Side A at a 70 percent or more clip, the money is actually coming in on Side B. A book may take a thousand $10 bets on Side A, but then they took one $50,000 bet on Side B from a bettor they know to be world-class. So even though the ticket count remains extremely lopsided, the money shows the books that they have to move the line away from what the public likes.

At Least 60% of Bets on Side, Reverse Line Move of at least 1 point

League W L P Pct Units
NFL 2008 173 119 3 59.2% 40.44
NFL 2007 155 130 9 54.4% 18.62
NCAAF 2008 253 185 6 57.8% 45.61
NCAAF 2007 227 156 4 59.3% 49.49
NBA 2008-9 161 119 3 57.5% 30.01
NBA 2007-8 221 182 6 54.8% 18.89
NCAAB 2008-9 220 153 11 59.0% 49.92
NCAAB 2007-8 272 203 11 57.3% 42.04

If you ever notice a reverse trend in the money line, it is in your best interest to place your bets on the underdog team that the sharp bettors are placing wagers on, because they are betting a lot of money on the underdogs, which means that they probably know something that you don’t.



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Sports Betting: Bankroll Management Skills

How you manage your bankroll will have a significant impact on how well you financially survive streaks of bad luck or bad play, but it also affects how well you manage to keep the right focus in order to play at your best.

The goals of having good bankroll management are:
Maintaining a healthy bankroll during streaks of bad luck or bad play
Allowing yourself to focus solely on playing at your best and getting better

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Bankroll Minimum Limits

Poker Variant Number of buy-ins
Cash Games 50 buy-ins
Multi table tournaments 150 buy-in
Sit and Go tournaments 100 buy-ins
Double or Nothing tournaments 50 buy-ins
Heads Up tournaments 50 buy-ins
18-man tournaments 90 buy-ins
45-man tournaments 100 buy-ins


Here are some tips to help keep your bankroll in the black.

Avoid Betting Systems

Page after page of bad bankroll management advice exists, most of which suggests that gamblers should increase their bets when they’re winning and decrease them when they’re losing. These betting systems go by different names and some have slightly different features, but they’re all basically the same.

Flat Betting

Bet the same amount for each play. “Chasing” or increasing bet size based on your last bet is not recommended. Over time, you may hear about various systems where you increase your bet size “knowing” that you are due to win sooner or later. In general, these systems don’t work.

Reason for Betting on Sports

How much your maximum bet is? The answer depends on your reason for placing sports bets. Different bettors are looking to accomplish different goals – some of us are just looking for cheap entertainment, while other gamblers bet on sports for a living.

Unit Size

You should think about the type of investor that you are. Are you aggressive or conservative? Are you experienced or a novice? The answers to these questions will help you to determine the size of your typical bet. This is called your “unit” size.

Keep Track of Your Bankroll
Online sportsbooks take pride in the tools they offer their customers. Bankroll management tools built into various online sportsbooks can be your best friend.

Bankroll management is an easy concept to learn but a difficult one to keep in practice.



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Sports Betting: Bankroll Management

When you are betting on sports you should always set aside a certain amount of money, which we refer to as your “bankroll”, in which you can afford to lose. Like with any type of gambling, you never want to bet betting on sports with money you cannot afford to lose.

Managing your bankroll is extremely important, and includes details like how much cash you can afford to lay down on each bet, how often and if you should vary the size of your bets, questions about whether or not you should hedge your bets, and basically every financial decision you make about your gambling dollar.

As a general rule, gambling experts advise that you never wager more than 2% of your total bankroll on any one play.

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One of the biggest mistakes that most aspiring bettors make is ignoring bankroll management altogether. Even recreational gamblers should ideally have at least some plan for how to manage their money when betting. This is a necessity for anyone serious about making consistent profits.

Having a proper bankroll enables you to make more educated betting decisions. When a specific amount of money is set aside solely for betting purposes, that money becomes nothing more than a tool for betting. This is how you should view it. The focus should not be on how much you might win or lose per se, but rather on trying to make good selections for the right reasons. This is a lot easier to do when you’re practicing good bankroll management.

Betting too much can be a very damaging mistake, and yet it’s a very common one. Everyone has a finite amount of money, and losing too much of it through betting can lead to all kinds of problems. There’s always the possibility of losing your entire bankroll, but even those who can easily afford their losses can still be affected.

You absolutely shouldn’t chase losses either. This is another mistake that’s both damaging and sadly all too common. It would probably be fair to say that most gamblers have, at some point, chased their losses, and very few of them have done so with positive results. In fact, chasing losses almost always ends in disaster. Many gamblers learn this the hard way and choose to never do it again. Unfortunately, a lot of gamblers repeatedly make the same mistake, staking more and more money in an attempt to recoup losses.



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