Monday, 23 September 2013
Ten Mistakes Most Lottery Players Make
Which Mistakes Are YOU Making?
Sure you can easily stroll into just about any store and buy a lottery ticket. It's just that easy. That's just as it should be. Playing the lottery can be a fun and easy diversion with the chance of a major payoff. You, however, are a more serious player. The fact that you are reading this shows that. You are motivated enough to wade through detailed information to learn how to cut out the bad habits and practices and find a better way to play the lottery in an intelligent manner. Here is a list of 10 too common mistakes that lottery players make. Every single one of these items could be costing you ticket money, time, frustration, and perhaps even millions of dollars. Read them, take them to heart, and then put them into practice.
1. Playing the Wrong Lottery Games
Have you ever really considered which games you play and why? How much money do you really need to win? What amount of winnings would make an impact on your life? Here in Texas we have many different choices. You can play a large multi-state game like Mega-Millions with HUGE multi-million dollar payoffs but the unfortunate odds of only 1 chance in 175,711,536 of taking home the jackpot! Wow, that's one ticket for each of over half the population of the U.S.A.
On the other hand the Texas Two-Step lottery prize begins at $200,000 and has often reached a million dollars. The odds of winning the smaller game are only 1 in 1,832,600! By switching from the Mega-Millions game to the Texas Two-Step you increase your chance of winning a
prize by over 95 times! Put another way you would have to buy 95 Mega-Millions tickets to have the same odds of winning with one Texas Two-Step ticket.
In the area you live there are probably the same choices between small games with small prizes like pick thee games, five and six ball games with mid-range payouts, and the huge multi-state games with incredible odds against you.
2. Playing Birthdays as Lottery Number Picks
Trust me, I know. You have a series of numbers that you have chosen based on your children's birthdays and the day you got married and your mom and dad's wedding anniversary date. Bad move. Here's why.
When you choose lottery numbers based on meaningful dates you limit your choices to the number of days in a month. In other words you are limited to numbers from a pool of 1 to 31. As an example of the problem in this method think about this. In the Texas Lotto game 6 numbers are drawn from a pool of 54 numbers. 54 numbers give you a whopping 25,827,165 possible combinations! When you choose from the pool of numbers ranging from 1 to 31, how many combinations do you think there are to choose from? There are a measly little 736,281. Think about that. When you choose between 1 and 31 you get 736,281 possible combinations BUT you absolutely, positively lose out on the other 25,090,884 possible combinations! Choosing birthday numbers decreases any chance of your having the winning combination by almost 97%. That's insane.
I know, you read about several people who chose birthday numbers and won millions. I also realize that your string of birthday numbers has EXACTLY the same chance of being drawn as any of the other 25,827,165 possible combinations. It's true, each combination has the same chance of being drawn. Still, are you willing to cut out almost 97% of your possible winning chances? I am not willing to give up almost all of the possible winning combinations simply to use sentimental choices. My goal is to play smarter than that.
3. Inconsistent Playing
Consistency pays. It is to your advantage to be a little fanatical about making sure you are in the mix for every drawing. Lottery corporations constantly chant the mantra 'You Can't Win If You Don't Play' as a sales tool, but they are right on the money. You can't win if you don't play! You should never miss playing the game of your choice, the one you have set your sights on winning. If you cannot afford to play some system you are fond of or as many tickets as you wish you could, if you have no partners to pool money with, whatever the reason, you should ALWAYS have at least one ticket in each and every drawing in your game.
Some lottery guides give the advice to stay out of certain overplayed drawings. Perhaps if the odds are extreme, the competition too fierce, or the payoffs too small, then yes. But in general there is no good reason to sit out. Think about this, what if the numbers you meant to play were chosen the one night you chose to watch that rerun of that sitcom rather than traipse out into the world to get your ticket? If that happens, don't call me to cry, though I would like to hear the story. Just don't expect a shoulder to cry on. You've been warned. Sitting out with not even one ticket is the same as saying you don't want the chance of becoming filthy rich this week.
4. Playing Too Much or Too Little
You should first decide which game is the best one for you to play, than make a commitment to play it regularly. Next it would be wise to make a quick budget of what you can afford to play or what you are comfortable wagering. I once read about a young immigrant man in Houston, Texas who won several million dollars. Great news! Then I read that he played several hundred dollars worth of tickets each week for several years before winning. I actually worried a bit for him. Everyone has a budget they can live with but most could not and would not want to spend that much money on lottery tickets. Was he married? Was he neglecting his family? Did he have a gambling problem?
So please, spend on lottery only the excess small amounts you might normally spend on coffees or other treats. Do not spend money you cannot afford to lose. Make sure you can afford the game you play. But make sure you also play, at least once in every drawing. The one headline you will never see is the person that didn't buy a ticket and still won the lottery.
5. Using Faulty Data, Math, or Systems
Many systems have better written advertisements than actual materials and plans, and others use cumbersome software or require endless hours of drudgery and record keeping. Many are some form of wheeling system that works best (and only a little better than simply chance) if you can afford to buy hundreds of tickets in a drawing. It is easy to lose interest when a lot of work is required and the chance of winning does not change much with the system. Seek out the best ways of playing, ways that create more winners, require little or no work on your part, and are easy to use.
6. Playing Common Combinations of Numbers
Read this carefully. It would be a good idea to avoid strange combinations of numbers. Examples would be 1-2-3-4-5-6 or 49-50-51-52-53-54. Avoid sequence choices such as 5-10-15-20-25-30 or 2-4-6-8-10-12 or 7-14-21-28-35-49. Never fill out a lottery slip by checking all of the boxes on the left, or right, or spelling out a number or letter or word with the darkened squares on the play slip.
Why? Because in every drawing there are dozens, sometimes hundreds, and even thousands of folks doing the same thing as you. Imagine going to bed after checking your numbers and knowing you had won a million dollars, only to wake up the next morning to discover 99 other folks are sharing your million dollar dream. Hey, any lottery win is better than no lottery win, but a million dollars will take you a lot farther in life than $10,000! Go for the big one, and if you have to share, hope it is with a lotto pool partner instead of 99 strangers.
7. Being Tempted By New Plans and Schemes
There are dozens if not hundreds of complicated plans and schemes out there that use slick ads and empty promises to sell the latest flavor of information on how to win the lottery. One mistake many players make is to fall to the temptation of the slick advertising and empty promises. Are you one of those people who always must try every new lottery "winning" system you see? Do you buy tickets one way for a few weeks and then totally switch your methods? Lottery games are mostly a losing proposition. The odds are HUGE and against you. Spending time and money on various faulty systems, plans, and software takes away from your goal of actually taking home the big one. Find one good method and stick with it for the long haul.
8. Giving Up On the Dream Too Soon
Have you ever heard of the 'loser's limp'? It is said that many a football player will make a stunning run down the field, magically skirting past opposing team members, only to slow and falter in the final few yards, being tackled, and failing to make that all important touchdown. You may have seen players do this very thing and wondered what in the world they were doing. At times it makes me even wonder if the darn game is fixed! Truth is though, loser's limp is real and to be found not just in football but in every human endeavor. It's always darkest before the dawn is what they say. Remember, if you don't play you can't win. That one drawing you miss might have been the one. Persistence pays!
Don't give up on the dream. You CAN win the lottery! Someone will!
9. Spending Money on Less Effective Games
I am not a big fan of, nor can I ever suggest that you spend money on, 'scratch-off' style games. Lottery odds are bad enough but if you dig deep in the odds and payout figures on scratch off tickets, WOW, they are a major hole in the ocean in which to toss your hard earned cash.
I can almost hear you saying "But come on, they are a fun diversion". Hey, it's your money so spend it how you want to spend it but know in advance it is a losing proposition. Unlike the lottery where creative types have found a few ways that can significantly affect the odds making it a chance worth taking, scratch-off tickets are like shooting in the dark. Often the bullet will hit you!
If you are going to tell me about Uncle Louie who "always wins with those things," well, I have dozens of friends and not one of them ever has returned from Las Vegas with tales of losing money. They ALL won. However do the casinos pay the electric bills on all of those neon signs? For the smart player scratch-offs are not an option.
10. Not Using Guaranteed Lottery Numbers
You have so many choices on how to approach lottery games. You can just blindly buy quick pick tickets and let fate have its way with you. How has that worked out over the years?
Or you can invest large amounts of cash into complicated systems, hard to figure out software, and keeping records of cool and hot numbers, number sums, wheeling choices, and a thousand other details, and in the end have just about the same chance of winning the lottery as when you began.
Or you can make a smart choice and use a proven method that uses a proprietary system to pick the most likely numbers to be drawn, so powerful that you are guaranteed to win lottery money!
That's right, there is such a thing as guaranteed lottery numbers, risk free and 100% money back guaranteed. You can find out much more information at guaranteedlotterynumbers.com
If you wish to know more about Guaranteed Lottery Numbers please visit the site. There's tons of information, frequently asked questions, explanations, and more.
Make this the year you win lottery money!
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Make this the year you win lottery money!
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Casino Security - How to Find a Cheater
It is just normal that we discover cheating in any forms of games. This is especially true for various casino games. People are really innovative. This is the reason why many cheating techniques have been developed to ensure great wins from a casino game. Though it may be normal, there are ways to detect a cheater in a game especially in a casino game. Through this, a player can always ensure that he will not be cheated by other players.
Cheating can come in many sources and forms. When it comes to players that are cheating, there are already many strategies that players use just to hit and win bigger prices in a casino game. Most common perhaps is the use of certain signs or marks to identify cards. Usually, as some people say, this can be made possible through the help of some casino employees. The marks can be quite intricate or complicated that it would be difficult to notice if you do not know about it. In the game of poker, connivance of some players can be considered as cheating. Some players signal each other regarding the cards on their hands. For starters and novice players, the language or signs that they use can be hard to detect or identify.
At the end of the game, both players will settle the winning between themselves. At times, this kind of cheating is made between the player and the dealer. Though it is against some governing or regulating bodies to affiliate with players and cheat during the game, there are still dealers that do not mind doing so. There are also simple cheating techniques such as past posting and hand mucking that is used by other players. The past posting is the kind of cheating wherein the players exchanges his smaller chips into bigger chips after winning. This can only be detected by other players who have sharp memories. The hand mucking, on the other hand, is the kind of cheating that enables the player to switch desirable cards into less desirable ones.
Of course, it is not only the players that would cheat. There are also casinos that do. Though, this is only applicable for non-regulated casinos. But still, it is essential to identify certain cheating techniques by some casinos for precaution purposes. One example is for the game of roulette. There are some casinos that use a rigged roulette wheel. In card games, some dealers have a certain way of dealing their cards in such a way that some cards are not shuffle properly and leave it the way it had been. In the advent of online games, there are also instances that shuffling of combination in the slots game is already predictable.
These are just some of the things that a player should be very keen about. In most casinos nowadays, there are already many security cameras that are placed in the building for players' satisfaction and security. At the same time, various regulating bodies for the gambling industry ensure proper management and reinforcement of laws for the benefit of the customers. But still, despite this assurance, keeping a keen eye is still necessary.
Sunday, 22 September 2013
Online Gambling in Atlantic City
For better or for worse, online gambling is coming to New Jersey.
In late February, Chris Christie officially signed into law a bill that legalized internet gambling in Atlantic City.
Initially the bill was vetoed by the Governor because of issues surrounding transparency and taxes. Lawmakers adjusted the text and the amended bill passed by an overwhelming majority in the legislature and earned Christie's seal of approval.
Here are the basics of the bill:
- Casinos located in Atlantic City will be able to apply for a license to offer online gambling. Only the twelve official Atlantic City casinos will be eligible for the license. No other organizations can offer internet gambling, and face stiff fines if they do. All facilities used for the operation of internet gambling must be located within city limits; only bets that are received by a server in Atlantic City will be legal.
- Players must be "physically present" in New Jersey to place wagers. In the future, New Jersey may develop agreements with other states where internet gambling is legal to permit out-of-state gambling. The casino's equipment must verify players' locations before accepting wagers.
- Any games available to play in the casinos can be played online. (For comparison, Nevada only allows poker.) As of now, sports betting will not be protected by this bill, although the state of New Jersey is trying to fight the federal statute barring the legalization of sports betting.
- The bill has all kinds of provisions to keep gambling addiction at bay, such as requiring the prominent display of the 1-800-GAMBLER hotline number, a way to set maximum bets and losses over a certain period of time, and tracking player losses to identify and limit users who may demonstrate addictive gambling behavior.
- Revenue from online gambling will carry a 15% tax. The Christie administration states that about $180 million in revenue for the state will be generated from this tax, but some analysts think this number is seriously overestimated.
The official regulations, which the bill required the Division of Gaming Enforcement to produce, were released on June 3, and are subject to a "public comment period" until August 2 before being finalized. These rules include details such as how a casino acquires the appropriate licenses and procedures for maintaining network security on gambling sites.
So, will online gambling actually benefit the state?
The Good
Revenues from Atlantic City casinos have been on the decline for the past seven years, and online gambling could be what saves the failing casinos. Since 2006, casino revenue has dropped from $5.2 billion to around $3 billion. Online gambling could be a $500 million to $1 billion industry in New Jersey, which may be enough to keep struggling casinos afloat and save jobs in Atlantic City. Further, even though estimates of tax revenue are all over the map, there is potential for online gambling to be a considerably valuable source of money for the state. The casinos will also have to pay a tax to the Casino Reinvestment Development Authority, which will provide further assistance to struggling casinos in Atlantic City.
For the player, low overhead costs mean better prizes and more opportunities to play. Casinos can incent players with free "chips" that have minimal costs for them but give players more opportunities to play and win. The convenience of gambling online allows players to play more with less travel.
BAD:
One of the goals of the bill is supposedly to attract more people to visit the brick-and-mortar casinos, but it is hard to say if online gambling will actually lead to this outcome. One could speculate it could even cause people to go to the casinos less (However, this seems unlikely; the social element and the free drinks are lost in online gambling. Also, research indicates that, at least with poker, internet gaming does not reduce casino gaming.) Advertising for the host casino will be allowed on the online gambling sites, which could possibly encourage people to visit the casino but could also be annoying for players.
Online gambling could be seriously devastating for people who have gambling addictions, or even cause people to develop them, raising financial and moral concerns. Even with all the preventative steps the bill requires, it will definitely be much harder to cut off compulsive gamblers if they can place bets anywhere with an internet connection.
Regardless, it is going to be a while before the casinos can actually kick off their online gambling offerings. The regulations need to be finalized and casinos need to apply for licensure and develop their gambling websites. This means the casinos will not be enjoying this new source of revenue during the 2013 summer season, which could be Atlantic City's toughest season ever following recovery from Hurricane Sandy.
New Jersey has placed its bets, but only time will tell if online gambling will be a jackpot or a bust.
You can read the text of New Jersey's new online gambling bill at LegalCrunch. ( Just click here! ) Check out LegalCrunch for handy information on a variety of legal topics.
Saturday, 21 September 2013
Gamblers Or Stranglers
Gambling has been a sport of controversy. While there are ample fan followers of the game, people on the other side lament over the irony. Gambling is a game that involves wagering precious assets and hard earned money. Furthermore, gambling also puts the peace and future of the family at stake. It is really horrible that the gambling game affects millions of lives every day.
Destructive Gambling:
We have always heard the family members crying on their gambling addict children or siblings, couples file divorce for the same reason, not the least so many frauds occur in daylight for the sake of money staked on the game. The addiction of gambling is so much severe that people tend to get into illicit activities to gain or loot money. Speaking of it, a women imprisoned on the charges of bank robbery spilled the beans stating she was forced to do so due to her addiction to gambling.
We have always heard the family members crying on their gambling addict children or siblings, couples file divorce for the same reason, not the least so many frauds occur in daylight for the sake of money staked on the game. The addiction of gambling is so much severe that people tend to get into illicit activities to gain or loot money. Speaking of it, a women imprisoned on the charges of bank robbery spilled the beans stating she was forced to do so due to her addiction to gambling.
Essential Gambling:
Something we do out of our lives for a certain outcome is not gambling. But life is uncertain. Gambling does not start or end at lottery, casino, online gambling, or sports gambling. It's far off! Our lives start on a gambling. We do take risks in every path of our life. Education, career, love life, and family everything deserve something to be kept on stake. While these are the essential gambling of the life, some of us soon forget what risk is and get into real gambling that is not only addictive but destructive as well.
Something we do out of our lives for a certain outcome is not gambling. But life is uncertain. Gambling does not start or end at lottery, casino, online gambling, or sports gambling. It's far off! Our lives start on a gambling. We do take risks in every path of our life. Education, career, love life, and family everything deserve something to be kept on stake. While these are the essential gambling of the life, some of us soon forget what risk is and get into real gambling that is not only addictive but destructive as well.
Driving Force:
As per the observation, it is noticed that many starters get into gambling for fun. Their only reason is that they deserve to have fun. They are putting their own money, it is their decision. They have fun. Eventually they start craving the game and put in extra time in gambling. Though they are not interested in gambling with work time, their urge is so severe that they themselves can't hold from it. Another few, due to sheer luck gain huge money in the beginning. On this basis, they start investing in gambling, not wagering. They assume gambling is a good investment option. What they don't realize is that gambling games are governed by so many crooks doing their level best to mint all the money from their stake. They just don't realize this is an unfair game. No matter how much their family or friends try to advise them, they won't budge. Ultimately when the time is ripe, they lose all their possessions and are forced to come out of the gambling world. There are few other examples of gamblers who end up quitting their jobs. They start considering gambling as a lucrative business. What they don't realize is that there is a sink at the bottom of the game base.
As per the observation, it is noticed that many starters get into gambling for fun. Their only reason is that they deserve to have fun. They are putting their own money, it is their decision. They have fun. Eventually they start craving the game and put in extra time in gambling. Though they are not interested in gambling with work time, their urge is so severe that they themselves can't hold from it. Another few, due to sheer luck gain huge money in the beginning. On this basis, they start investing in gambling, not wagering. They assume gambling is a good investment option. What they don't realize is that gambling games are governed by so many crooks doing their level best to mint all the money from their stake. They just don't realize this is an unfair game. No matter how much their family or friends try to advise them, they won't budge. Ultimately when the time is ripe, they lose all their possessions and are forced to come out of the gambling world. There are few other examples of gamblers who end up quitting their jobs. They start considering gambling as a lucrative business. What they don't realize is that there is a sink at the bottom of the game base.
The more the money they pour, the more is going to be drained out of their hands. In some casinos, the game of gambling is not uncertain. It is most certainly a perfect scheme to rob money from the gamblers. Many of the casinos motivate the gamblers to spend more time in there. These casinos go to all levels to keep the gamblers playing and losing money. They slow brain drain the person to a point, that winning or losing does not remain the quitting parameter anymore. These casinos offer free liquor to the players. In the hope of getting more liquor or in the hangover of the alcohol they continue to play on and on until they are completely deprived and bankrupt. Putting all this together, gambling is not gambling anymore. It is a suicidal game.
Wednesday, 18 September 2013
How Matched Betting Changed The Way I Think About Gambling
I was barely 18 and had not long been legally allowed to step inside a bookmaker when I discovered a phrase that unknowingly at the time was about to change my fortunes - matched betting.
My Dad had grown up impartial to a flutter on the Grand National but was not a betting man. The same was true to the rest of my family. My closest friends were huge football fans and some might say this is where many relationships with the betting world begin as here in the UK we absorb such a huge number of gambling related advertisements pre and post build up and between halves throughout the course of a regular Soccer Saturday or Super Sunday as Sky famously branded its coverage of the English Premier League. Still though - only one of them had ever been inclined to pass through the revolving door of rags and riches into the realms of the bookie and this was never much an influence on me.
With this in mind, it strikes me odd that I ever gave matched betting a shot in the first instance and if you asked me how I actually initially discovered the term I actually struggle to remember.
I guess I was probably looking for information on how to make money online as many young lads at that age no doubt do and somehow stumbled on to a goldmine of information discussing everyday regular folk consistently snatching money out of bookmaker and casino owners hands through implementing a method of arbitrage.
Admittedly when my eyes first set on this feast of information I was a bit dumbfounded by it all. I understood the principles but actually undertaking any of calculations myself seemed a bit scary. More so for somebody who had never actually staked a bet at a bookmaker before! In fact I think I can say with confidence that I never actually physically stepped inside a bookie and placed a bet over the counter until I had already extracted thousands of pounds worth of easy coin through matched betting.
I'm a bookmaker's nightmare!
For those of you reading this little discourse down memory lane then you're probably wondering what on earth I'm talking about when I raise the phrase matched betting?
Simply put - matched betting is the process by which you match any bet you place at a bookmaker with an opposing bet at a betting exchange to ensure you cover all outcomes.
In taking a classic football match by way of example let's suppose Manchester United are taking on Liverpool in no doubt bitterly, heated local derby at Old Trafford.
A normal punter of whom have contributed to the continued success and endless riches of bookmakers all around the world would undoubtedly just stake their money on a single outcome and then hope that within the event that their prediction comes to fruition.
A matched better on the above hand is for the most part not entirely bothered by the final outcome of a game because they will have covered every scenario.
Again - an example of matched betting would be to stake a bet of £10 on Manchester United to beat Liverpool at odds of 2/1 but then head on over to a betting exchange such as Betfair and bet against Man United to win at odds of 2/1.
Are you confused yet? Good! Because I sure was - and partly because on the face of it carrying out the process of matched betting seems to hold little value at all! What's the point in betting to win at a bookmaker and betting against the bet you've just placed at a betting exchange right!?
On foundation of the above bets I have identified you would for sure be right that I have little to gain from them unless the odds represented an arbitrage opportunity. In this instance I'd have nothing to gain from them. From the bets I have exemplified I wouldn't make a single penny.
My purpose of carrying this out however lies in the finer details and the fact that with the abundance of online bookmakers situated all around the world we find ourselves in an advantageous situation whereby we can choose where we bet and therefore the bookmakers must make us a convincing special offer to get us to play with them - they give us free bets (or bonuses!).
If I am to sign up with a bookmaker that wants to match my deposit and offer me a free bet of up to £50 after I first place a bet then consider that that first bet can be a matched bet like the one I specified above.
I might make nothing from this bet alone but importantly I would have qualified for the bookmakers sign up bonus and will be rewarded with a £50 free bet for my troubles!
This is free money that I can then - again through the principles of matched betting - extract and keep for myself.
Rather than gamble my money in the purest sense I have invested it through method of risk-free staking. Sure you could argue that I could have put my £50 free bet on a long odds 10/1 shot, cross my fingers and hope for the best. And sure you'd be right that if that were to come in I'd be laughing but the reality is that it's a 10/1 shot for the reason that it's unlikely to occur and I'd be far better off collecting the tidy, guaranteed sum of £50 instead.
That's a far better interest rate than a bank or building society is ever going to give you and essentially only takes a few minutes work!
So this is how matched betting changed the way I think about gambling. The phrase 'gambling is a mugs game' still resonates well with many and that's for good reason. It kind of is - unless you think outside the box and turn the odds in your favour through advantage play like that I've described.
My time matched betting nearly spans over a decade now (that's scary in considering how much I've aged) and with the profits I've generated from it I've survived university without having to get a job, travelled the world and banked considerable funds to look after my future. I can honestly say hand on heart that I could not have done many things I have done in life without the support of the gambling industry who have genuinely gifted me thousands and thousands of pounds
I know that I'm definitely no mug. You shouldn't be either.
intelligentodds.com is your source for honest reviews and expert advice on the betting industry. Stop throwing your money away. Start betting intelligently.
How Matched Betting Changed The Way I Think About Gambling
I was barely 18 and had not long been legally allowed to step inside a bookmaker when I discovered a phrase that unknowingly at the time was about to change my fortunes - matched betting.
My Dad had grown up impartial to a flutter on the Grand National but was not a betting man. The same was true to the rest of my family. My closest friends were huge football fans and some might say this is where many relationships with the betting world begin as here in the UK we absorb such a huge number of gambling related advertisements pre and post build up and between halves throughout the course of a regular Soccer Saturday or Super Sunday as Sky famously branded its coverage of the English Premier League. Still though - only one of them had ever been inclined to pass through the revolving door of rags and riches into the realms of the bookie and this was never much an influence on me.
With this in mind, it strikes me odd that I ever gave matched betting a shot in the first instance and if you asked me how I actually initially discovered the term I actually struggle to remember.
I guess I was probably looking for information on how to make money online as many young lads at that age no doubt do and somehow stumbled on to a goldmine of information discussing everyday regular folk consistently snatching money out of bookmaker and casino owners hands through implementing a method of arbitrage.
Admittedly when my eyes first set on this feast of information I was a bit dumbfounded by it all. I understood the principles but actually undertaking any of calculations myself seemed a bit scary. More so for somebody who had never actually staked a bet at a bookmaker before! In fact I think I can say with confidence that I never actually physically stepped inside a bookie and placed a bet over the counter until I had already extracted thousands of pounds worth of easy coin through matched betting.
I'm a bookmaker's nightmare!
For those of you reading this little discourse down memory lane then you're probably wondering what on earth I'm talking about when I raise the phrase matched betting?
Simply put - matched betting is the process by which you match any bet you place at a bookmaker with an opposing bet at a betting exchange to ensure you cover all outcomes.
In taking a classic football match by way of example let's suppose Manchester United are taking on Liverpool in no doubt bitterly, heated local derby at Old Trafford.
A normal punter of whom have contributed to the continued success and endless riches of bookmakers all around the world would undoubtedly just stake their money on a single outcome and then hope that within the event that their prediction comes to fruition.
A matched better on the above hand is for the most part not entirely bothered by the final outcome of a game because they will have covered every scenario.
Again - an example of matched betting would be to stake a bet of £10 on Manchester United to beat Liverpool at odds of 2/1 but then head on over to a betting exchange such as Betfair and bet against Man United to win at odds of 2/1.
Are you confused yet? Good! Because I sure was - and partly because on the face of it carrying out the process of matched betting seems to hold little value at all! What's the point in betting to win at a bookmaker and betting against the bet you've just placed at a betting exchange right!?
On foundation of the above bets I have identified you would for sure be right that I have little to gain from them unless the odds represented an arbitrage opportunity. In this instance I'd have nothing to gain from them. From the bets I have exemplified I wouldn't make a single penny.
My purpose of carrying this out however lies in the finer details and the fact that with the abundance of online bookmakers situated all around the world we find ourselves in an advantageous situation whereby we can choose where we bet and therefore the bookmakers must make us a convincing special offer to get us to play with them - they give us free bets (or bonuses!).
If I am to sign up with a bookmaker that wants to match my deposit and offer me a free bet of up to £50 after I first place a bet then consider that that first bet can be a matched bet like the one I specified above.
I might make nothing from this bet alone but importantly I would have qualified for the bookmakers sign up bonus and will be rewarded with a £50 free bet for my troubles!
This is free money that I can then - again through the principles of matched betting - extract and keep for myself.
Rather than gamble my money in the purest sense I have invested it through method of risk-free staking. Sure you could argue that I could have put my £50 free bet on a long odds 10/1 shot, cross my fingers and hope for the best. And sure you'd be right that if that were to come in I'd be laughing but the reality is that it's a 10/1 shot for the reason that it's unlikely to occur and I'd be far better off collecting the tidy, guaranteed sum of £50 instead.
That's a far better interest rate than a bank or building society is ever going to give you and essentially only takes a few minutes work!
So this is how matched betting changed the way I think about gambling. The phrase 'gambling is a mugs game' still resonates well with many and that's for good reason. It kind of is - unless you think outside the box and turn the odds in your favour through advantage play like that I've described.
My time matched betting nearly spans over a decade now (that's scary in considering how much I've aged) and with the profits I've generated from it I've survived university without having to get a job, travelled the world and banked considerable funds to look after my future. I can honestly say hand on heart that I could not have done many things I have done in life without the support of the gambling industry who have genuinely gifted me thousands and thousands of pounds
I know that I'm definitely no mug. You shouldn't be either.
intelligentodds.com is your source for honest reviews and expert advice on the betting industry. Stop throwing your money away. Start betting intelligently.
Tuesday, 17 September 2013
Lottery Syndicate Play - Lotto Syndicates Versus Mutual Funds
Let's compare the idea of lottery syndicate playing with the investment strategy of mutual funds. Obviously the two potential wealth systems are completely different but I suggest that some of the basic concepts are comparable.
A mutual fund is a managed portfolio of stocks and financial instruments that the individual investors purchase shares in. The investors are pooling their money to buy stocks but they are also renting the services of a fund manager. The manager takes care to achieve the desired growth of the fund and to maintain the level of safety for the capital. Conversely, a lottery syndicate is a group of lotto purchasers banded together to get a better chance of winning the lottery. The syndicate itself is the fund manager but the management involved is only administrative because the growth aspect of the syndicate is built into the syndicate's fundamentals.
The mutual fund's value fluctuates with the market and people buying shares at a set time each month can get better overall price due to what is called 'dollar cost averaging'. Similarly in syndicate lottery playing, money keeps getting reinvested. In other words, the smaller wins keep increasing the total pool of cash in play and this can ultimately bring a much larger jackpot win too.
Individual investors playing the stock market can usually only begin with buying shares in one company at a time. There's a chance of gaining but there's also the risk of only having the ticket on the one horse. Mutual funds improve those odds by giving the investor a share in many potentially winning stock market 'tickets'. A lotto syndicate does precisely the same thing. Instead of having just the one set of numbers that are unlikely to be drawn, the lotto syndicate player gets a cut in a pool of numbers that is much bigger, and also more likely to come up and return a prize.
So what is the real bottom line of both lottery syndicates and mutual funds? Let's put it this way for the mutual finds versus a single stock. If you bought a particular gold-mining stock and that company hit a rich strike, then your shares and your profits would skyrocket and you would make big money. If another company nearby hit the gold, then you don't get much of anything. If you had bought into a mutual fund of gold companies then your fund would be worth much more now. You wouldn't make as much as having that share of the specific winner but you would have made good money on your fund and your odds of winning were vastly improved by being in the fund.
And for the lotto syndicate verses the single lottery ticket? Well, it's the same thing. One winning ticket is worth much more but those winning tickets are rare and the losing tickets are worth nothing. With a syndicate ticket the odds of having a small win are vastly increased. A losing ticket is still worth nothing but with syndicate lottery playing, you're less likely to be holding one of those.
Would you like to try a lottery syndicate? I'm Russell Twyce. I write on aspects of luck, love and life.
Changes in the MLB Landscape, As Seen Through a Bettor's Eye
Some big things have happened in Major League Baseball in the last month. Some are obvious to even the casual sports fan like my wife (PED suspensions, for example.) Others take the trained eye of a beat writer or a professional gambler to catch. It's that gambling angle I want to discuss with you today.
Three of the Cubs' best players were sent to teams in the AL Playoff chase. As gamblers, we're not concerned with who makes the playoffs, but these moves do affect us. Matt Garza heading to Texas and Scott Feldman heading to Baltimore is going to add depth to the rotations of teams with lineups built to put up runs in bunches. These two guys will go deep in their games and keep them close. This not only makes the games in which they pitch winnable games, but the rest that each team's respective bullpen receives in games started by Garza and Feldman will bode well for games started by the back end of the rotations. Baltimore is just 4-4 in Feldman's starts so far, but the Rangers are 4-1 in games started by Garza since the trade. Alfonso Soriano has provided a similar shot in the arm to the New York Yankees lineup. His addition, along with that of Alex Rodriguez (which we'll discuss in more detail later), has been a big shot in the arm for the Yankees playoff chances. Soriano has 18 RBI in his last 13 games with the Yankees, and the team is averaging over 4.5 runs/game in those games.
Ryan Braun suspended for remainder of season for lying about PED's. The Milwaukee Brewers haven't been a contender all year, but as a statistically middle-of-the-road team and players like Braun and Rickie Weeks who could catch fire at anytime they're a hard team for any bettor to pick against. With Braun out of the lineup, that choice became much easier. We are 3-0 picking against the Brewers since the suspension came down.
Alex Rodriguez's potential suspension stayed until the end of the season. With Rodriguez in the lineup for protection, Robinson Cano and the newly acquired Alfonso Soriano have been able to flourish in the Yankees lineup. It didn't take long for Rodriguez to shake off the rust either as he is hitting.278 with 1 homerun and 4 RBI after just 9 games of big league action this year.
Sports betting is an art and a science, you have to understand the numbers and the narrative. When you are able to do that you can win lots of wagers, make a nice chunk of change, and have bragging rights over all your friends afraid to get in the game.
This information is vital to the picks we make everyday, but you won't make money the last two months of the season just riding the Yankees and Rangers or betting against the Milwaukee Brewers every night. Check out our record of success at http://www.monitorsportspicks.com. Follow me on twitter @9xhandiman or sign up to join or winning team by e-mailing9xhandiman@gmail.com.
Monday, 16 September 2013
Best Casino in India
Gambling is a fun activity and many people have a penchant for it. It's actually a great activity to indulge in every now and then, especially when you have taken some time off work. If you are looking to gamble over the holidays or after your work hours then there are many spots that you can hit with your family and friends. Here is a list of some well known casinos. Go through the facilities available at each and then pick the best casino in India for your weekly entertainment haunts.
Goa has loads of casinos for visitors. Some of the well-known names are casino Royale at Mandovi, Casino Pride in Panjim, Casino Carnival at the Mariott in Goa, Dunes at the Zuri White Sands Resort and the Chances Casino and Resort in Dona Paula.
About 40 gaming tables and a weather deck are laid all across Casino Pride that has three floors. Keep children busy at the Kid's Zone over here that has loads of computer games. The Pride Group is a well know brand in this niche as it manages operations at Casino Palms at Baga, Casino Paradise in Porvorim and even Casino Pearl in Bogmolla. Its casino is open for all 24 hours and on all seven days of the week. Unlimited drinks and buffet come with the tickets and there is also live entertainment during dinnertime.
Casino Carnival which has two locations absolutely rocks! One branch of the casino is at the Goa Mariott in Miramar while the other one is on a boat that takes off for a cruise on the Mandovi river. The casino has everything from buffet, snacks and booze to live entertainment. There is also VIP room for high rollers.
The 154 room hotel in Varca beach at Zuri White Sands Resort attracts male gamblers by throngs during the night. The layout has slot machines, derby games and American roulette. Chances Casino is tucked away in a 53 room boutique hotel located at Dona Paula beach. It has the view of the breathtaking Vainguinim Valley. A free buffet table is laid out for gamblers to dine away while they are playing. Dress code here is smart casuals and there is even live entertainment on many days. Games available over here are slot machines, Blackjack, American Roulette and Mini Baccarat.
Most of the casinos in India are located in Goa. Actually, India has hardly any locations where legal gambling is allowed. It is carried out in just 5 cities in the country. If you want to gamble away in India then Goa is the place to be. Most of the top notch hotels over here have casinos where you can let your hair down and bet away. In fact, casinos are a great place to enjoy with friends and spend time, especially if you have a wad of cash you want to squander. You can hook up with friends also when you are gambling or take a pile of cash home if you win. Either ways, gambling at casinos is a smashing way to spend time and party with your pals.
Find the more information about the Best Casino in India Please visit the website http://www.acescasino.in.
It's Not Easy To Win Money Betting On Sports
It's not easy to win money betting on sports. If it were, everybody would be doing it and the books would close up shop. But that doesn't mean that you can not make a profit when you bet. You never hear anybody say that 100% of all sports bettors lose money betting. The most commonly used number is 98% are losers.
Let's be generous and say that only 95% lose money. That means that 5% of those placing bets do win money. Most people would take that 95% and use it as an excuse for their own losing. The winners take that 5% and say "Hey, if they can do it, so can I".
Where do you fit into that? Are you in the 95%, or the five? Do you think you are stuck there just because so many others are? Have those odds convinced you to accept losing?
I say again it is not easy to win money betting on sports. But it can be done. There are no other games a casino can offer that actually allows you to gain a legitimate advantage on every bet, but sports betting certainly does.
The key to winning is to gain the advantage the game allows for you. The problem is that most people have no idea how to go about doing that. They play the wrong games, with bad lines, and leave themselves no chance of winning. The 95% may as well be playing the slots, while the 5% is making all the money.
How can you gain the advantage over the books?
The first thing you do is make sure you get paid more for a win than you lose for loss on every bet you place. Most people play point spreads, and I can't for the life of me figure out why. Why would you risk a hundred dollars to win 91, on a bet designed to be a 50-50 proposition? It amounts to paying the book to take your money in a coin flip game. You put yourself at a monetary disadvantage right from the beginning. And you pay the book for helping you do it to yourself.
The next thing is to quit worrying about your winning percentage and pay attention to the money. Would you rather break even winning 55% of your bets or sport an ROI of 15% winning 40% of the time? The 95% choose the first option, the five percent take the second. The bottom line is that it is not about how many games you win, it's how much money you make.
Sports betting allows you to make your own rules. You only have to take the bets you want to take. To profit, you only have to win more bets than the break even point on the lines you play. You don't have to win more bets than you lose to profit. You have to win more money than you lose.
Once you understand those fine points, and apply them to your own betting strategy, it is far easier to profit from sports betting. The books give money away every day. With the right knowledge you can set rules for yourself that will draw some of that money your way.
DIY Sports Betting has everything you need to know to join the winners.
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