How to Bet Proposition Bets at a Sportsbook by RJ Bell

In exchange for a lesser payout, field bettors gain the advantages of having more than one entrant that can win for them.

What team will win the coin toss

Furthermore, a tennis match would be considered a tournament-style head-to-head matchup since the competitors involved directly play against each other in the event. For example, betting on the 2006 Masters golf tournament now might get you much better value on Tiger Woods, who may be 10/1 at this moment but dip to 6/1 closer to the event if he is on a roll.

As you can see, there’s much more to betting than simply totals and sides, especially when it comes to gambling on non-team sports. A NFL future bet on a team to win the Super Bowl might be 20/1 in the preseason; but by midseason, their odds might decrease to 10/1 if they turn out to be legitimate championship contenders.

What player will score the game’s first touchdown

It is very important to note that not all the competitors in an event may be listed, so another betting option is on the “field” which includes all other competitors not listed. If her opponent pulls off the upset, $100 bet on the underdog would profit $360 (plus the return of the $100 risked). The odds on a “field” bet are typically comparable to a bet on the favorite in order to protect sportsbooks from taking a big hit if a major upset occurs. Since golf and NASCAR both have pre-qualifying, not everybody makes the cut to the final day of competition, and these group matchups require all individuals to qualify in order to be eligible for action.

What will be the exact margin of victory

Contributed by:

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

Every $400 bet on Serena nets a $100 profit if she wins (plus the return of the $400 risked). So be aware of all your wagering options and don’t miss out on the excitement non-team sports have to offer with prop betting!

An example with team sports would be NFL futures, where you often can get much higher odds on a team by betting before the season starts. These are not fixed and are adjusted by sportsbooks several times leading up to the event and are sometimes released months before an event. However, many sportsbooks also offer proposition bets (or props short) for gambling on non-team sports like golf, tennis, boxing and auto racing – including NASCAR – due to their growing popularity. Other examples of props for non-team sports include what racing team will finish highest in a particular NASCAR race (Chevy, Ford or Dodge) or how many rounds will the fight between Mike Tyson and Kevin McBride last (Over/Under 8.5 rounds). The two main ways of wagering on non-team sports are “Betting to Win” an event and “Matchup Betting” which pits an individual against another individual or a group of individuals.

Betting to Win

The main advantage of futures is that you can get appealing odds by betting far in advance of when the event takes place. An artificial head-to-head matchup involves competitors in an event like a golf tournament or auto race who are indirectly competing against each other since in reality they are competing against everybody in the field, not just one other competitor. Open tennis tournament, a reasonable money line would require Serena bettors to risk $400 to win $100 while a $100 bet on her opponent would win $360.

Proposition bets for non-team sports are not limited to “Betting to Win” an event and “Matchup Betting” but those are the primary ways to wager on them. For non-team sports like golf, boxing, tennis and NASCAR, “Matchup Betting” offers an alternative to simply betting on the event’s winner. The same holds true for major team sports like NFL and college football, NBA and college basketball and MLB baseball.

Group matchups are another way “matchup betting” is used which is particularly popular in golf and auto racing events like NASCAR, where you can select whether a leading competitor or a few other lesser competitors will finisher higher amongst the group, with the odds again based on money lines. Unlike team sports such as football, non-team sports also have multiple events over the course of a year, so “Betting to Win” obviously happens much more frequently than a once a year NFL futures bet on the Super Bowl winner does.

Betting sides and totals on major sports like baseball, basketball and football are the most common wagers available everywhere. For example, you can bet on:

Here’s how the money line would be listed: Serena Williams -400 / #102 Ranked Opponent +360.

Matchup Betting. Props, also known as exotic wagers, are also extremely popular on high-profile team sporting events like the Super Bowl in Las Vegas . For more information on how this works, be sure to check out How to Read the Money Line.

For example, if Serena Williams faced an overmatched opponent in the U.S. “Matchup Betting” generally involves an individual going up against another individual in a head-to-head event, such as a tennis match, and the odds are determined using the money line.

“Betting to Win” an outcome event like The Masters is the most common way to wager on individuals competing for a particular non-team title. The Imperial Palace Casino’s sportsbook is well-known for the enormous number of prop bets offered. These artificial matchups are also fake in the sense that bookmakers are the ones creating them – solely for betting purposes – and different books will often offer different matchups.

Before every major event in non-team sports like golf, tennis and auto racing, futures are set by oddsmakers

Betting

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“Intrade for political professionals is like the ultimate insider training. But we’re getting more evidence that it’s Super Bowl big. I usually win enough money to pay for lunch.

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So what can we learn from the in-running markets about the debate between Vice-President Joe Biden and Congressman Paul Ryan? It is in fact possible to visualize the shape a contest is taking by simply following the flows of money tracing their way through the relevant markets.

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So, how much are we gambling each football season? Americans probably wager more than $50 billion a year on NFL and college football combined.

Get ready — March Madness is underway and that means business owners should brace themselves for a dip in productivity. I feel like Martha Stewart. Kennedy, Al Gore, Dreams of My Father, Obama, Sarah Palin, Reagan, Gambling, Unwed Mothers, Politics, 2008, Richmond Ky, John Edwards, Richard Wolffe, The Making of the President 1960, The Daily Beast, Lexington KY, Bookmaking, Obama Haters, Covington Catholic High School, Richard Wolffe Renegade, Barack Obama, Adoption, Clu, Playboy Magazine, Playboy Mansion, Born Again, Louisville, Million Dollar Round Table, Son of a Son of a Gambler, Obama’s Dreams of My Father, Hillary Clinton, Nixon, Sports Betting, George Bush, 2008 Elections, Playboy, Keith Olbermann, Msnbc, President of the United States, George H.W. The large fields at the Kentucky Derby throw logic out the window. You take the industry you live and breathe and know and love and hate, and you make money off of it.”

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Prohibitionists appear to ignore the fact that most gambling sites, like any reputable business, rely on customer loyalty to remain profitable

Baccarat Hotel NYC | Sunshine Insurance Group

Suites will rent for $18,000 per night. Starwood would continue to manage the property.

Chinese insurer Sunshine Insurance Group agreed to buy the Baccarat Hotel from Barry Sternlicht’s Starwood Hotels Resorts Worldwide for more than $230 million, setting a price record on a per-room basis.

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baccarat-sunshineFrom left: Sunshine’s Zhang Weigong,  a rendering of the Baccarat at 20 West 53rd Street and Barry Sternlicht

Eastdil Secured, which advised on the $1.95 billion sale of the Waldorf Astoria hotel, represented Starwood in the deal.

Sports Betting as an Alternative Investment

Winning bettors do not win money from a sportsbook, they win money from other losing players. It is not really surprising as betting is hard work, solitary, and you have to grind out thousands of bets to get your returns.

So what kind of returns can you expect?

Back to “Recreation And Sports” Index

Generally I have found that sports betting produces bettor average returns year on year. Most people trust their savings and investment income to experts and no doubt if the betting public trusted their income to the 1% or 2% of betting experts who made a profit – the loser label might become less sticky.

The key to success in any trading or betting environment is value. In the UK and Europe it is mainly Soccer and Horse Racing. The price you get in the morning is the price you stay with – unlike US horse betting which is subject to starting price odds and heavy taxes.

You need to indentify the “product” eg a stock or a team – it doesn’t matter. It is tougher psychologically as you generally act in a lone capacity. You “buy” it. I say curiously because if the book is doing its job properly, it is taking the action from both sides of the line (odds on the event) and simply taking the commission in the middle. There is no tax on betting in the UK which is a big advantage and no pari-mutuel system on horse racing. Still, if you are not profitable in your betting after say 350 bets or thereabouts – it may be time to say “ok this is not for me” or “ok let me re-think my betting strategy.” You simpy cannot tell if you are a good or bad bettor after 10, 20 or 50 bets – with those low numbers you are still falling victim to standard deviation and probability.

The Sports. Football (NFL) is big too though game numbers are few. I would, however, estimate that the percentage of “losers” would be equally high in the world of stock trading and investment markets if you considered those individuals who entered that environment without the necessary experience. I am always aware of the possibility but I am confident I will never experience one again – partly because of the numerous hedging methods now available on the sports betting exchanges. Big bets means big turnover, big turnover means big profits.

This article was posted on January 29, 2005

you need to bet high numbers of games to get the returns.

Anywhere between 18% and 22% on betting turnover (that money actually put through the sportsbooks) annually. This is not without justification since the vast majority of sports bettors do lose. The laws of probability defy accurate annual estimates.

So do the sportsbooks close accounts if you are a winning player? Well curiously the answer is ‘yes’. I wonder how many young people on Wall Street today can confidently say they will only have one losing year? There may be a handful, those engaging in arbitrage and those experienced in ‘selling’ as well as ‘buying’ the market – but there won’t be many.

Many will dismiss outright the ability to make good returns on your investment through the medium of sports betting. Sports markets are not influenced by the economy. You will love it or hate it..

You will notice that I have not stated losing years – this is because they are rare – I have experienced one in my life time, my first. Hockey does not have many takers but the lines are often the best value – the prices can be very generous. But then no bosses, politics…you know the score.

Of course to many members of society – betting also carries a great big “loser” tag. You worship different gods and your path is one that runs through the wilderness and is not well trodden. Baseball runs somewhere in between. The sportsbook makes its money whatever the result – they are merely commission-takers. If your expectation of that product doing well is higher than the price on display – in relative terms. Of course this could vary greatly – years of 30% and 13% would also be possible. Remember a good bettor will still lose around 4.4 to 4.6 bets out of 10. Very briefly the US pros generally turn to Basketball as a major source of income simply because of the sheer number of games -

Betting is also virtually recession proof, lets face it only a huge war might disrupt the national sports schedule. I guess some books simply do not like winners – but many manage the action well and allow big bets. No corporate social or support structure, no lunches, no team environment. If you are not getting a value price, then you will find it hard to make a profit.

Sports Betting as an Alternative Investment

 by: Daniel B. King

Reputation of Online Poker Machines at Risk, Report Online Casino Australia

Although free casinos are designed to get gamblers into games and ultimately into the money casino, there is the option of not attaching a card to the account, therefore not making a deposit.

The gaming firm argues that online and machine gambling cannot be boxed together or placed under the same umbrella.

This is supported by the case of Leanne Scott, an Adelaide woman recently sentenced to six years imprisonment for stealing money from two employers to fund her online pokie addiction.

Anecdotal evidence suggests the availability and accessibility to land based pokies is only fuelling gambling addiction in Australia. The addiction to the types of poker and pokie machines that are readily available in pubs, hotels and beyond are threatening the good reputation of online poker firms, report popular gaming giant Online Casino Australia.

ProblemGambling.gov.au recently reported that Australians spend $12 billion annually on these machines, losing more money than any other nation.

OnlineCasinoAustralia.com.au compares free play gaming to non alcoholic beer, or electronic cigarettes. It gives problem gamers an outlet without the threat of social devastation.

TA ‘XBIEX, Malta–(BUSINESS WIRE)–Last week news sites such as the Herald Sun reported the problem of gambling addiction in Australia. This view is not however, shared by those treating gambling addiction.

Online Casino Australia point to free games many online casinos offer as an option for problem gamblers to enjoy without financial commitment. An expert on Self Management and the treatment of problem gambling, he says the growth in sports betting and online gambling has not resulted in an increase in the number of people they treat.. The issue became so serious that Prime Minister Gillard promised a daily loss limit would need to be set by gamblers on cards they use to enable the machines. Without regulations on maximum bets and loss limits the financial losses will continue.

Problem gambling has seen a six fold increase in divorce, a higher tendency to abuse alcohol, cigarettes, and a greater likelihood to raise children to inherit gambling addictions according to an NCBI report. With a social cost of $4.7 billion a year it is a problem that cannot be ignored says OnlineCasinoAustralia.com.au, owners of several online gaming brands.

Studies at the Flinders University by Professor Malcolm Battersby, director of the Human Behaviour and Health Research Unit, lays the blame, primarily, on pokies. The owners of the licensed clubs offering pokie machines are quick to point out that gambling addiction cannot be blamed on pokies alone

Sports Gambling in America | Roger I. Abrams

What Silver has done is to present the issue for public discussion.

NBA Commissioner Adam Silver’s op-ed in the New York Times calls upon Congress to change the nation’s laws to adopt a federal framework that allows states to authorize betting on professional sports. It is time to legalize, regulate and tax it.

Adam Silver’s approach calls for federal legislation that would allow states to decide whether they would authorize sports gambling. The sports establishment is vigilant in protecting the integrity of the product, and it will remain so if gambling is legalized, regulated and taxed.

We now await input from the commissioners of the football, baseball and hockey leagues. Were this to be enacted, state sports gambling would spread like the lottery. Alcohol continues to cause much more harm to society than illegal narcotics, but we learned the hard way that Prohibition generated far more problems than it solved. They have been steadfast in opposition to the spread of legalized sports betting, most recently with regard to New Jersey’s effort to resuscitate Atlantic City by following the Nevada “sports book” model. Few turn on the games, especially football, without knowing the betting line. We are now experimenting with legalizing marijuana for recreational use. It is a courageous position for a sports commissioner to take.

How will politicians react to Silver’s proposal? If President Obama likes the idea — he dutifully fills out his bracket each March on the NCAA basketball tourney — then for sure the Republican majorities will oppose any change in the law. To recognize the reality that hundreds of billions of dollars are bet annually — and illegally — on sports is an enormous breakthrough even if the NBA is the only sport to recognize the fact.

What then are the chances that the other sports leagues and the politicians will go along with Adam Silver’s proposal? In the short run, I would not bet on it. Professional sports think that gambling means that their games will not be decided on the merits, that fixers will invade their enterprises and cause spectators and fans to lose interest in patronizing their entertainment businesses. For some, the greatest joy comes from gambling on the uncertain outcomes of these contests.

We have entered a new phase of American history where some folks have begun to realize that prohibiting certain vices is foolish or just ineffective. No one has suggested that this fact of the sporting life be abolished, even if it were possible. Once the states impose their regulations and their taxation on this activity, gambling on professional sports in America will be universal.. Adam Silver is right. They should come prepared with an answer.

There can be little question that sports gambling is a vice — much like drinking and playing the lottery. Perhaps fair-minded individuals will see the proposal for what it is — an effort to respond to reality and minimize some of the unfortunate consequences of having to place bets with a bookie in violation of the law.

Gambling on sporting events is legal throughout most of the world. At the same time, all team sports have discovered the marketing advantages of adopting fantasy games, some of which approach sports gambling when a participant can chose a new team each week. Of course, gambling depends upon the games remaining unfixed. We will see this trend continue.

Gambling on professional sports will go on whatever we do. I would be surprised if the other commissioners follow Silver’s lead, but they will be asked. Only five states do not have a state lottery, but even some of those states have casino gambling. There is no reason to think that were Congress to give its consent in a fairly short period of time we would see a “sports book” in almost every jurisdiction. The availability of gambling online makes that easy to accomplish. However, we have passed the point of trying to decide whether gambling on sports provides some sort of benefit to society. So far, the Rocky Mountain high has not caused Denver to rise about its mile limit. It is ubiquitous

Hedge fund Elliott: government policies paved way for risky bets

Distressed securities helped the portfolio but fixed-income arbitrage hurt. 30.

While Singer called bond prices too rich, he warned that his firm needs to make money and the risk of taking iconoclastic views could result in being bloodied..

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Singer also criticized governments and central bankers anew for failing to address structural problems.

government asset purchases and zero percent (or lower!) short-term policy rates, as well as an essentially unlimited tolerance for risk on the part of large segments of the international investing community,” Singer’s hedge fund Elliott Associates wrote to clients in a letter seen by Reuters.

BOSTON (Reuters) – Hedge fund titan Paul Singer blamed government policies for encouraging traders to make concentrated bets in “overpriced” securities and markets and said it is “nutty” to hold bonds at their current high levels.

By Svea Herbst-Bayliss

“Today’s trading levels of stocks and bonds reflect ‘thumb on the scale’ valuations driven by persistent and massive

Last year the firm’s Elliott Associates LP fund gained 8.2 percent, beating the average hedge fund’s 3 percent gain. The firm did not give a return for January, when many hedge funds were likely hurt by the rising Swiss franc, fresh concerns about Greece and a dip in U.S. stocks.

Singer, who founded the $25 billion Elliott Management Corp, has long railed against government and central bank policies, blaming years of low interest rates for pushing markets to unjustified highs and pushing the work of structural reforms down the road.

BOSTON Mon Feb 2, 2015 3:20pm EST

“We believe strongly that today’s prices and yields are extreme and unsustainable, but our wish not to be run over trumps our view that long-term bonds are overvalued,” the letter said.

Europe’s recently announced quantitative easing program, for example, is unlikely to solve the region’s economic problems but could have “large negative repercussions” it if triggers a general loss of confidence, the letter said.

Looking ahead, the firm said it likes a handful of event arbitrage trades “that seem reasonably attractive,” but warned that governments could make up “rules to suit their ideologies rather than following law and precedent.”

Last year a planned merger between Shire and AbbVie Inc was scuttled when the Obama administration signaled plans to crack down on so-called inversion trades where companies try to take advantage of lower tax rates abroad.

(Editing by Matthew Lewis)

“We think it is actually quite nutty to continue holding long-term developed-world government bonds at current levels,” said the letter, dated Jan

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Why Bet365 CIO Martin Davies isn’t chancing it with ‘fashionable’ technology – 21 Jan 2015

we’re in a world now where we are getting a lot of flip-flopping from one thing to another. I really can’t see the benefits of BYOD, if I’m honest.”

The company has what Davies calls a sophisticated system that can detect access points, so that if anybody does try to bring in a device and connect it to the network without permission, the company can lock them out.

But when it comes to finding staff to work on very complex, distributed systems, finding the right people can be hard, which is a real issue for Davies as these systems are key to Bet365’s future success.

But while Davies’ aversion to DevOps and BYOD is understandable, what’s more surprising is that the company only recently deployed a Wi-Fi network.

“If you compare a site like Reddit being hacked by the Syrian Electronic Army to Bet365 being hacked, there is a big difference because we deal with customers’ money on a daily basis, so the damages could be huge, and this is why security has to be at the forefront of everything all of the time,” he adds.

On the backend, the firm recently deployed US developer Basho’s Riak NoSQL solution ahead of nine other rival solutions. I know that at this moment, if I have a problem, then the people who are going to solve it are those that I work with, and I know the quality of response I will get from them,” he says.

“There are people wanting to do bad things to companies so you have to be vigilant with what goes on in your business to ensure you don’t have potentially serious situations cropping up,” Davies says.

“[The reason you can’t see a bank having a DevOps team] is because it is regulated, and you can’t just make changes without the firm going through very controlled circumstances. It employs over 2,000 people, with more than a quarter of staff working in the IT department. It then needed another product, and Riak came out on top of the products the firm tested.. We’ve started allowing it but it is very segregated from the main network and it is very tightly controlled,” says Davies.

Davies doesn’t see Bet365 moving to a hybrid cloud environment in the foreseeable future – once again because of the nature of the business.

“Because we’re always running many projects in parallel, we have to have separate tests and separate development systems running and that’s where this type of technology works for you,” says Davies.

The in-house always wins

Of the 550 people working in the IT department, nearly half work on software development, and Davies suggests that there could be up to 3,000 software and infrastructure changes a month.

“If I outsource any part of what we do, whether it be management of networks or a third-party cloud provider, I’m reliant upon them meeting their own service level agreements (SLAs) even when things go wrong, and the SLAs you get with most cloud providers are not really worth much, so we’ve chosen to avoid it – it would be more expensive to do it anyway so there is no real reason for us to go that way,” Davies states.

One of those trends is DevOps, and Davies believes that while the approach may suit certain businesses, it’s not a solution for every enterprise.

“It performed the best by being the most stable and reliable. For non-financial analytics we also have a Hadoop system in place, which we primarily use to see how people are using the website,” Davies explains.

Davies says that the company’s location in Stoke-on-Trent means it often struggles to attract the right talent so it is preparing to launch a remote working programme that he hopes will attract more people to the company.

“Wireless is just another extension of your attack surface from a security perspective. So for example, we can see whether within the sports market, we are not performing as well as we should be,” he adds.

“It means that we prefer to manage everything ourselves; if we outsource something we will lose control over it. Davies, however, believes BYOD is fraught with risks.

Being regulated by the British Gambling Commission is one reason why the firm may not be able to make drastic changes swiftly, but security is a key concern for Davies as well.

Bet365 eventually picked a distributed database that Davies declined to name, but the implementation did not go as planned. Bet365 is in the same space; we are heavily regulated and every change we make has to be justified and has to go through a very controlled process,” says Davies.

Bet365 does use cloud technology, but mainly for testing and development purposes.

“The only reason that we’ve brought it in is because we do a lot more development on mobile and tablets and it makes it difficult for us to test these things internally without having wireless,” he adds.

“BYOD says to me ‘bring your own security threat’ … It wasn’t the fastest but it was fast enough and we could scale it fairly linearly,” says Davies.

Bet365 has more than 14 million customers in 200 different countries.

Hoping for higher odds

Bet365’s mobile developers are issued with all the devices they need to test their code, he says, adding that he cannot see a time when staff will be allowed to use their personal devices.

The online gambling firm has a large security team that carries out penetration tests, investigates security incidents and ensures system updates are implemented securely.

“We’ve been running [distributed analytics platform] Kognitio for at least four years now and it has been very successful for us. But just because technology is a huge part of the business, doesn’t mean the company’s CIO, Martin Davies, is convinced that the firm has to adopt the latest “hot” technologies.

“Taking graduates on has worked well for us in some areas – not all – but you do get people who are bright and very enthusiastic and when they’re young they have the ability to adapt very quickly as well,” Davies explains.

“We have mathematical models that drive a large proportion of change that goes on within our sites and we use analytics to see whether those models are performing correctly. As the firm has grown dramatically since it was founded back in 2001, there was an increasing strain on its systems and it needed an alternative technology in order to scale up.

The company also has a number of graduate schemes that have sometimes helped to fill skills gaps in the IT department.

“One of the biggest problems with IT is that it is very fashion driven… It’s almost like if Captain Kirk’s Enterprise gets shot by a torpedo and he just runs from one side of the bridge to another, because he’s following the latest trends,” he tells Computing.

Take bring-your-own-device (BYOD) schemes, for example, which many companies have introduced to both give their employees more freedom and flexibility and cut their mobile IT bill