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That 60% betting record (with the odds of -110 that is traditional for against the spread bets in football) will leave you with a profit of $160. Think about it—your $600 profit from your 6 winning bets minus the $440 you lost on losing bets leaves $160. It took you $1,100 to win $160, meaning you have to bet $6.87 to win $1 on average. So you see the small differences between a 52.4% winning rate and a 60% winning rate—inside those 7.3 percentage points lies hundreds of dollars in profit.
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Benter and his teammates got a house in the Vegas suburbs, living like geeky college fraternity brothers. Woods strictly forbade drinking on the job, so the men would wait until after their shifts to knock back beers and trade stories of scrapes with casino security, who were constantly on the lookout for card counting. Bull-necked pit bosses patrolled the floors. A suspicious player would be told to leave or, worse, backroomed: interrogated in a dingy office. There were rumors of counters being beaten and drugged. Benter thought the treatment was unjustified. He wasn’t a cheat. He just played smart.
Benter had achieved something without known precedent: a kind of horse-racing hedge fund, and a quantitative one at that, using probabilistic modeling to beat the market and deliver returns to investors. Probably the only other one of its kind was Woods’s operation, and Benter had written its code base. Their returns kept growing. Woods made $10 million in the 1994-95 season and bought a Rolls-Royce that he never drove. Benter purchased a stake in a French vineyard. It was impossible to keep their success secret, and they both attracted employees and hangers-on, some of whom switched back and forth between the Benter and Woods teams. One was Bob Moore, a manic New Zealander whose passions were cocaine and video analysis. He’d watch footage of past races to identify horses that should have won but were bumped or blocked and prevented from doing so. It worked as a kind of bad-luck adjuster and made the algorithms more effective.
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I’m a total rookie and only just started dipping my toe into the trading world. I’m doing a couple of test beat manually without software. I’ve done a couple of back to lays, one very successful fluke which I just let run as it was a £2 stake at 180 which ended up winning but the other couple lost money. My question is this : this morning I backed music society at 4.1 early this morning expecting it to come in to low 3s by lunchtime with Ryan Moore being on board and it being first itv race. By late morning it has drifted to 4.4. Is it a silly rookie mistake to back horses the night before or very early morning? Thanks in advance.
In recent years, Irish bred and trained horses have enjoyed considerable success in major races worldwide. Various horses achieved victory in one or more of the British 2000 Guineas, The Derby and the Prix de l'Arc de Triomphe, considered the three most prestigious races in Europe. In the six runnings of the Epsom Derby between 2008 and 2013, Irish horses filled 20 of the first 30 placings, winning the race 5 times.
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And how much is that—exactly? During our interviews, it was the one topic that made him visibly uncomfortable. William Ziemba, a finance professor at the University of British Columbia who studied the Hong Kong syndicates, has said that a first-rate team could make $100 million in a good season. Edward Thorp (who’s still writing about gambling in his 80s) asserted in a 2017 book that Benter had a “billion-dollar worldwide business betting on horse races.” When pushed, Benter conceded that his operations have probably made close to a billion dollars overall, but that some of the money has gone to partners in Hong Kong and the U.S. “Unfortunately,” he said, “I’m not a billionaire.”
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The information for withdrawals from an account will be similar to the deposit section. Bank and wire transfers tend to take the longest period, as well as a physical check if that is an option from that casino. Again, know the minimum and maximum withdrawal amounts allowed per casino before depositing into an account. One thing players should pay attention to is which methods accept both deposits and withdrawals; specifically, the way players are considering to use the deposit. Sometimes, players may have to use separate methods, which could extend how long it takes to have access to funds or include additional fees.
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Horse racing in Great Britain is predominantly thoroughbred flat and jumps racing. It was in Great Britain in the 17th to 19th centuries that many of the sport's rules and regulations were established. Named after Edward Smith-Stanley, 12th Earl of Derby, The Derby was first run in 1780. The race serves as the middle leg of the British Triple Crown, preceded by the 2000 Guineas and followed by the St Leger. The name "Derby" has since become synonymous with great races all over the world, and as such has been borrowed many times in races abroad.[39]
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If you’ve ever been tempted by a flutter, you’ll know how bookmakers and casinos stack the odds against you. The clearest example is roulette, where there are 36 red and black numbers plus the green numbers 0 and (in the U.S.) 00. So that’s 38 possibilities in total. When betting on red or black, the odds of choosing correctly are 18/38, and a fair payout for a $1 stake is $2.111. However, the house pays only $2 and keeps the difference. In that way, it guarantees itself a profit.
Thirty-two years after he first arrived in Hong Kong, Benter is still betting on horses at venues around the world. He can see the odds change in the seconds before a race as all the computer players place their bets at the same time, and he’s amazed he can still win. He continues tinkering with his model. The latest change: How much does moving to a new trainer improve a horse’s performance?
This is one of the places gamblers can get crazy. To boost the payoff on a bet, gamblers can string together a series of bets on multiple games, or multiple bets within the same game. This is called a parlay. It is a way to potentially win a lot of money for a small bet. But these bets are frequently losers. They are among the highest earning bets for sports books, because, as is the case with teasers, every one of the bets in a parlay has to win, or else the whole ticket is a loser.
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Hong Kong racing uses a parimutuel (also known as “totalizer”) system. Unlike odds in a Vegas sportsbook, which are set in advance and give a decisive edge to the house, parimutuel odds are updated fluidly, in proportion to how bettors wager. Winners split the pool, and the house skims a commission of about 17 percent. (After costs, the Jockey Club’s take goes to charity and the state, providing as much as a tenth of Hong Kong’s tax revenue.) To make money, Benter would have to do more than pick winners: He needed to make bets with a profit margin greater than the club’s 17 percent cut.
The biggest difference between placing a legal sports bet with a casino or racetrack or their online affiliates and placing one with an illegal bookmaker or “bookie” is that with legal betting, you have to put your own money up first. Illegal bookies will let you bet on credit, the most appealing aspect of their illicit business and one that is expected to allow them to continue to operate, and perhaps still thrive, in the brave new world of sports betting.
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A team might have won all of their recent matches, but if they have suddenly lost their major playmaker or their pacey outlet, it soon becomes very hard to replicate performances with any real consistency. As such, the importance of following the best football betting tips begins to shine through. You can add that extra air to your decisions. While your mates are betting on teams based on their star player from the 90s, or how much they like their kit, you are betting on the star man of today doing the business and helping you to clean up using our football betting tips!
So how difficult is sports betting math? The math behind placing a winning bet is fairly complicated, but the way to stay ahead of the bookmaker is rather straightforward. If you collect on 52.4% of your bets, you’ll break even. We’ll have more details on that number later, including why it takes more than 50% wins to break even, but first some general knowledge about sports gambling and the numbers behind it.
The only way to achieve long-term success at sports betting is by following a winning system and fundamental handicapping, combined with sound money management. Our betting systems were developed by a team of economists and financial experts to identify measurably mispriced games. Sportsbooks leave money on the table every day as they look to offset risk. Our strategies are designed to alert members to these profitable situations.

There is also the one last thing that we want to talk to you about and it is called gambling awareness. We know that real money games are fun, we do play them a lot and love getting real money wins. But you should never take it as a primary income source. Of course, if you don’t have the Master’s degree in Math and are not a god of probability theory. It can’t be your main job and you can’t quit your job to gamble. Take your winnings and losses for granted. Eventually, you know what you are doing and what can happen each time you make a deposit. You can get a jackpot and you can loose everything you’ve bet. And if you loose, don’t forget that gambling is the entertainment and entertainments always cost some money. The SlotsUp team wishes you good luck in gambling and hopes you will enjoy our reviews and free demo games.
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When you first start betting a win no matter how small feels great. After a while you do not seem to get the same sense of satisfaction from those size stakes and wins and you feel the desire to take more risk and aim for bigger wins. As your wins get bigger and bigger you feel better and better. Each time you win with a bigger amount you get a release of dopamine the pleasure chemical in the brain and the feeling is very powerful. Smaller, and even equal sized wins no longer provide the same ?buzz?.
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Horse racing is a popular sport in South Africa that can be traced back to 1797. The first recorded race club meeting took place five years later in 1802.[62] The national horse racing body is known as the National Horseracing Authority and was founded in 1882. The premier event, which attracts 50,000 people to Durban, is the Durban July Handicap, which has been run since 1897 at Greyville Racecourse. It is the largest and most prestigious event on the continent, with betting running into the hundreds of millions of Rands. Several July winners have gone on to win major international races, such as Colorado King, London News, and Ipi Tombe.[63] However, the other notable major races are the Summer Cup, held at Turffontein Racecourse in Johannesburg, and The Sun Met, which is held at Kenilworth race track in Cape Town.
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The long-standing reciprocity among studbooks of various countries was broken in 1913 by the Jersey Act passed by the English Jockey Club, which disqualified many Thoroughbred horses bred outside England or Ireland. The purpose of the act was ostensibly to protect the British Thoroughbred from infusions of North American (mainly U.S.) sprinting blood. After a rash of victories in prestigious English races by French horses with “tainted” American ancestry in the 1940s, the Jersey Act was rescinded in 1949.
Horse racing in Great Britain is predominantly thoroughbred flat and jumps racing. It was in Great Britain in the 17th to 19th centuries that many of the sport's rules and regulations were established. Named after Edward Smith-Stanley, 12th Earl of Derby, The Derby was first run in 1780. The race serves as the middle leg of the British Triple Crown, preceded by the 2000 Guineas and followed by the St Leger. The name "Derby" has since become synonymous with great races all over the world, and as such has been borrowed many times in races abroad.[39]
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