So, at the end of the day, what could you call a “good” record for a sports bettor? Most casual gamblers looking into sports betting see a pro advertising his 1100-900 record and shake their head a little. How could such an abysmal record be something to be proud of? That’s a 55% winning percentage, and it indicates to those in the know that this bettor is actually turning a profit placing bets on sports.
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28 September 1996 was an infamous day at Ascot racecourse in England. Franki Dettori was a popular jockey and a favorite with many punters, although one person who didn’t agree about his chances that day was Dettori himself. Interviewed before the first of his seven races, Dettori said that it was possible he could maybe win two of them. Many punters bet on Dettori anyway, including Darren Yates who put down £67.58 and decided to combine all seven of his races into a single bet that Dettori would win them all. Yates was a struggling businessman with a small carpentry business so needed a change of fortune. After place the bet, Dettori went off to play football with his friends and lost the game 4–0. Thinking it wasn’t his day, he then went to check on Dettori’s races and discovered that Dettori had won all seven. There were many winners that day at Ascot but no one earned more than Yates who picked up £550,823.
One of the reasons I eschewed betting on horse racing was that, based on the Racing Post’s league table of newspaper tipsters, only two showed a profit. Listeners to Radio 4’s Today programme, meanwhile, might also be familiar with the Racing Tips, breezily announced each morning. But as was conceded last December, had you put £1 on every bet the presenters passed on in 2014, you would have ended up £62 out of pocket.
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So, at the end of the day, what could you call a “good” record for a sports bettor? Most casual gamblers looking into sports betting see a pro advertising his 1100-900 record and shake their head a little. How could such an abysmal record be something to be proud of? That’s a 55% winning percentage, and it indicates to those in the know that this bettor is actually turning a profit placing bets on sports.

One approach—familiar to Benter from his blackjack days—was to adapt the work of a gunslinging Texas physicist named John Kelly Jr., who’d studied the problem in the 1950s. Kelly imagined a scenario in which a horse-racing gambler has an edge: a “private wire” of fairly reliable tips. How should he bet? Wager too little, and the advantage is squandered. Too much, and ruin beckons. (Remember, the tips are good but not perfect.) Kelly’s solution was to wager an amount in line with the gambler’s confidence in the tip.


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If you are looking to make money from sports betting then you need to play for the long term and accept the short term risks. This is quite a challenge as humans are hard wired for short term reward and as a result short term thinking. This is even more evident now as we have developed into a microwave society where we want everything faster than before and we are used to fast food, fast internet connection etc. Our needs for instant gratification are great and betting allows opportunities for us to meet that need, though not always with the desired ending. You have to condition yourself to be able to bet according to your process, to flawlessly execute, and not to be reactive in the light of your recent, short term, performances, whether down or up. Humans have a tendency to make decisions based on what has just happened to them, and where you have made a mistake or lost money your natural instinct is to ?make-up? for it and your next decision is often a reflection of this, not of your objectively planned betting strategy. Keeping the long term view in mind is key.

Benter, 61, walks with a slight stoop. He looks like a university professor, his wavy hair and beard streaked with gray, and speaks in a soft, slightly Kermit-y voice. He told me he’d been driven only partly by money—and I believed him. With his intelligence, he could have gotten richer faster working in finance. Benter wanted to conquer horse betting not because it was hard, but because it was said to be impossible. When he cracked it, he actively avoided acclaim, outside the secretive band of geeks and outcasts who occupy his chosen field. Some of what follows relies on his recollections, but in every case where it’s been possible to corroborate events and figures, they’ve checked out in interviews with dozens of individuals, as well as in books, court records, and other documents. Only one thing Benter ever told me turned out to be untrue. It was at the outset of our conversations, when he said he didn’t think I’d find anything interesting to write about in his career.
One of the most popular ways to bet on sports is through the point spread. If the Seattle Seahawks are favored by 4 points against the Minnesota Vikings, Seattle must win by 5 for a Seahawks bettor to win his or her wager. Minnesota backers would win if the Vikings win, or even if they lose as long as it’s by 3 points or fewer. A final margin of exactly 4 points for Seattle is considered a push, meaning the bets are refunded.

TwinSpires.com, part of publicly-traded Churchill Downs (NASDAQ: CHDN), is the official online wagering home of the Kentucky Derby. TwinSpires delivers the ultimate horseracing experience, with the latest in technology for wagering that's safe and secure. Members can wager free at 300+ thoroughbred, harness and quarter horse tracks worldwide, with exclusive access to major horse racing events including Breeders' Cup, TwinSpires Handicapping Open, and the entire Triple Crown - The Kentucky Derby, Preakness and the Belmont Stakes. Subscription-free TwinSpires offers real-time, multi-race live streaming video and race replays through TwinSpiresTV, free Brisnet PPs, advanced wagering tools like conditional wagering and wager cancel, and leading player rewards through TSC Elite. Enjoy anytime, anywhere wagering with online, smartphone, Voicebet® and TwinSpires Mobile from the most trusted name in horse racing.
Safety is a very important factor when assessing an online casino, and there are various areas covered under this umbrella. Probably top of the list comes licensing, given it is absolutely mandatory that an operator is in possession of a licence issued by the UK Gambling Commission, to legally provide services to players in the UK. In order to gain a licence, UK casinos must adhere to the strictest standards and regulations. Also to be taken into consideration regarding safety is the fairness of games, IT technical security and player protection.
Looking for NFL consensus data on how Vegas is betting each game or NCAA football power rankings to help with your handicapping? It’s all here. And coming soon are line move histories, halftime odds and more tutorials on how to read – and beat – the NFL point spread. In addition to more sports betting odds, there will be faster, live odds from more sportsbooks (along with more in-depth reviews of the best online sportsbooks), charts detailing how NFL OVER/UNDERs have moved during the week, and improved sports database functionality for all sports (including MMA and tennis).

To embrace uncertainty means to accept that there is uncertainty. To understand that you will never know for sure what is going to happen next and in fact that you do not need to in order to be successful and profitable. Many people are addressing uncertainty and randomness in their betting by moving towards sports trading approaches, backing and laying, trading in and out, taking profits at pre-chosen prices and not just waiting for the final outcome.
We've enlisted experts to help explain poker odds and casino pros who can advise on the math behind blackjack strategy. And robust new sections around wagering events such as special features on Super Bowl betting, how to make the best March Madness bracket picks and how to find the best odds when betting the Kentucky Derby. So it’s an exciting time for OddsShark.com and we welcome your opinions, suggestions and feedback on making it the international authority on this exciting topic.
A closed casino no longer accepts new registrants or supports online gambling. Sometimes a closed casino has had its domain seized by a regulator, due to a criminal investigation. Other times, the online casino isn’t profitable or has its player database bought by a competitor. If a criminal investigation causes a casino’s closure, accounts might be frozen or confiscated. Closed sites usually try to pay out their customers and affiliates, but that is not always the case when their assets are seized.
Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup. In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day.
One approach—familiar to Benter from his blackjack days—was to adapt the work of a gunslinging Texas physicist named John Kelly Jr., who’d studied the problem in the 1950s. Kelly imagined a scenario in which a horse-racing gambler has an edge: a “private wire” of fairly reliable tips. How should he bet? Wager too little, and the advantage is squandered. Too much, and ruin beckons. (Remember, the tips are good but not perfect.) Kelly’s solution was to wager an amount in line with the gambler’s confidence in the tip.

Jump (or jumps) racing in Great Britain and Ireland is known as National Hunt racing (although, confusingly, National Hunt racing also includes flat races taking place at jumps meetings; these are known as National Hunt flat races). Jump racing can be subdivided into steeplechasing and hurdling, according to the type and size of obstacles being jumped. The word "steeplechasing" can also refer collectively to any type of jump race in certain racing jurisdictions, particularly in the United States.
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