Progressive Sports Betting System

In the world of sports betting as well as other gambling endeavors, the key to long-term success is enshrined in good bankroll management. While there exist more than a few methods out there that could prove worthwhile, the most fundamentally sound strategy that should be prioritize is progressive betting.

What is progressive betting? Progressive betting is basically when you stick to a set amount for each bet depending on the size of your bankroll, then increasing the amount of money per bet as your profit grows from the starting point. Identical methods are being used alongside many instructional orders on other gambling-like games like craps, blackjack. The recommendation usually varies wildly depending on the author but I personally advocate a more conservative stance than the majority of these authors simply because they tend to endorse a too risky and unsafe strategy once you’ve managed to grow your bankroll.

When betting on sports, discipline does not come easy to implement for a sports bettor. It is a skill that must be conquered for you to have long-term success in sports betting, as long as you took the time and effort to establish handicapping insight that has demonstrated a consistent winning record.

Let me give you an example that utilizes an effective conservative approach while at the same time, allows you to keep good discipline. Keep in mind that when gambling, a certain amount of swings will always be involved, therefore, it is crucial to be able to withstand losing streaks that could erase any profit you previously made alongside your initial bankroll money you started with.

Let’s say you begin with a bankroll of $2,000 in which you could have probably deposit that money in a reputable online sports-book or keep this money set aside for your sports betting future activity. In that case, the recommended unit size should be $44 to win $40 for each game which amount to about 2% of your bankroll in play. More than a few experts would proceed in suggesting you to risk 4 or 5 percent but the risk with a higher figure will be the limitation of your flexibility should you hit a prolonged losing streak. It may eventually take time to build up your bankroll, but you should always remember that sports betting is more like running a marathon, not a print.

With everything stated above, let us say that you’re averaging 1 bet per day for a full year, and ended up with a very respectable overall record of 210 wins and 150 loses. After taking into account house juice for each bet, you are left ahead with about 50 units or an additional $2,000 on top of your initial investment. With that conclusion, your initial bankroll of $2,000 would have been doubled in a span of a year to $4,000.

Now that your bankroll is standing at $4,000, you could ante up your bet to $88 from the previous initial bet size of $44. So you will basically retain the same 2% of your bankroll put into play but you will now be yielding twice the amount of profit that you started with. Logic should take hold with the fact that since you were able to double your starting bankroll of $2000, you would have probably achieved a proven track record as for your betting performance, thus allowing you to risk even more of your bankroll.

With everything being said, you still do not want to go crazy here and put all your profit at risk by increasing your bet size too much. Instead of going big, a conservative unit size bump of about 3% would yield a much better win percentage while still having some type of protection against cold streaks to fall back on. In this case, you may start entering bets of $120 to win $110 for each game which is just about 3 percent of your precious bankroll.

If you decide to use the 3% method, all you’ll need to do is clear about 17 units to make your next $2,000 as opposed to the 50 units that would have been necessary to profit the same amount when you started.

As soon as you get more comfortable with this skill set and start seeing consistent positive results, the next step could be to start rating the quality of your picks and then incorporate it into a big strategy that could improve your betting system.

Let me give you another example to clarify things further. Let’s say your standard unit size is $44 per bet but on certain occasion, you feel more confident about certain games. In this case, you can announce that your confidence level for this particular game is so high that you will bet “2 units” instead of the original and standard “1 unit.” That should mean your wager would have to increase from $44 to $88 because it is now a 2 unit play. It is of course important to keep record of your larger unit size so that you know whether it is worth increasing your betting size. Unless you can demonstrate a winning rate of about 65% on those high confidence 2 unit size bet, it would not be worth going through with it. At this point, it would be best to keep it simple and fully go back to the original 1 unit size bet for all bets.

So remember, you should not force yourself to increase the size of your bet if the amount of money that would be needed makes you uncomfortable. Keep a performance track record so you know whether to discontinue certain part of your betting strategy. You will surely gain more experience and confidence as you go and this will allow you to be able to analyze your situation and make the needed fix when it requires it.

In the meantime, the best strategy that I would recommend to someone who is just getting started is to keep their wager at a consistent unit size, specially if it is showing a winning rate. There is simply no need to over complicate things too soon and risk losing it all because you got too greedy.

About Casino Gambling – Poker, Blackjack, Roulette, Slots & Craps

Casinos… Think of Las Vegas or Monte Carlo, bright lights, ritz, glamour, people winning money, but mostly people losing money! You may be intrigued by the idea of going to a casino but don’t really know too much about them – please read on to learn more about the fun of a night out to a casino…

According to Princeton University’s ‘Wordnet’, a casino is ‘a public building for gambling and entertainment’. Don’t be overawed if you do go, relax and enjoy. You will most likely have the chance to play slot machines or one-armed bandits as they are commonly known and perhaps other games of chance and some skill. One major thing that you do need to be aware of, is the way that a casino will look to tilt the odds in its favour, which is more commonly known as the casino’s “edge”. However, some games such as poker are played with players versus players and in this case, the casino cannot get an advantage as it is not effectively playing. In these circumstances, the casino will take a “rake” on the bets that players make against each other.

If you have ever been to Las Vegas and gone to one of the casinos there, the first thing that you will notice is the fact that they more often or not have the slot machines (otherwise known as ‘one-armed-bandits’ or ‘fruit machines’) right as you go in. This is because they really don’t require too much understanding to play and it’s not uncommon to see people playing these machines for hours on end. The slot machine will typically involve a lever on the side (the one arm!) and three reels with patterns of symbols on, located in the centre of the machine. The reels revolve as you pull the lever and the idea is to generate rows of matching symbols to win, having paid your required stake via the slot usually on the front of the machine.

There may be times when you will play on a machine which will have extra options available for you to use, often giving the illusion that you will have more control over the reels and a better chance of winning. This may be the case over the short-term, but always remember that playing in casinos is fun, but the house always has the long-term advantage. To give you a quick example…if you were to play a game where you had to bet on what number would lie face up after the roll of a die, then you would expect to see the casino pay six times the amount bet for a win, but in fact the casino would pay five times to maintain its advantage.

This system is often found in famous casino gambling games like Poker, Craps, Roulette or Blackjack.

Blackjack has always been played in casinos because players will play their chips against the House dealer with the successful gambler being paid against pre-determined odds (ie by getting a true ‘Blackjack’ which in other words is a two card combination adding up to 21, the House will pay you 3:2, or 1-1/2 times your initial wager). If you play fair, the chances are that you may end up with a profit, but more often than not, the casino will win, unless you count the cards. Card counting is a black art as far as casinos are concerned and if you are caught, you will be blacklisted worldwide! Effectively, because the playing cards are only used once and then discarded, anyone with a good memory and a highly analytical mind can determine their own odds that a certain card will or will not appear again, tilting the odds in his favour.

Poker is one of the most played games in the world. Its popularity has grown massively over the past couple of years and many casinos would not offer a poker game due to the fact that they were limited to taking a rake (as discussed previously). You may be aware that poker is essentially a playing card game were players are dealt poker cards face down, and then take it in turns to place bets (represented by poker chips with a specific value) based on the strength of the cards that they hold, combined with other community cards placed face up in the middle of the poker table. The player with the strongest combination should win what’s known as the pot (the combined bets of all the players for that hand), however one of the reasons that poker is so popular is the element of ‘bluffing’ where a player may actually have a poor hand, but believes that he can make his opponents believe that he has the strongest combination by means of subtle psychology! This can be as subtle as staring one’s opponent into ‘folding’ his cards, or by moving his entire stack of poker chips into the middle of the table – what’s known as ‘going all in’.

Roulette is a classic casino game, whereby a croupier gently spins a perfectly balanced, wooden roulette wheel with either 37 or 38 recessed ‘pockets’ along the bottom edge of the roulette wheel. As the wheel begins to spin, the croupier will roll a small white ball the opposite way with the intention being for the ball to bounce of raised points on the wall and to finally come to rest in one of the numbered pockets. In European casinos, the wheel’s layout features pockets numbered 1 – 36 and alternate between red and black with the number one, coloured red and zero being coloured green. However in American casinos, you are more likely to see a second double-zero 00 pocket also coloured green.

Again the House pays out against set odds displayed on the cloth covering the roulette table. Typically this will offer 35:1 for single number bets where you bet on one number to win, 2:1 for any column of numbers, and evens for any red, any black, odds or evens.

Craps can be the most fun to play and certainly watch. It’s also the fastest game in the casino with often more than 60 bets per hour. Players will wager bets against the casino on the result of a roll of a die, or the series of rolls of two dice. The great thing about craps is that you don’t have to be rolling the dice to bet, you can bet on how lucky you (hope) the guy rolling is going to be, which is why it can be so entertaining. Essentially, the guy with the dice is called the ‘shooter’ and the basic bet in craps is called the ‘Pass Line’ bet, and by rolling a 7 or 11, the shooter will roll a pass line winner, and can play again. If he rolls 2, 3 or 12, these are known as craps and this is a pass line loss. Any other number becomes the shooter’s point and he continues. It really is a fascinating game with many more rules and options.

At the end of the day, a night out to a casino can be wonderfully entertaining, but casinos have learnt over hundreds of years how to make their games very, very addictive. They are quite happy to let you win a little here and there, but they know that in the long run, it’s you that’s going to be making them happy – do take care!

The Hidden Secret Behind Sports Betting Success!

Why Money Management is so important

To consistently make profits over a long period of time in sports betting, you must not only make the right bets, but you also have to use your bankroll and keep control of your emotions. There is a tendency for people to ride a winning streak too hard and bet too much hoping to hit a super big payday. I have done it many times before I learned proper bankroll management.

Also, there is a tendency for gamblers to bet wildly amidst a losing streak to attempt to make a one bet comeback. This has spelled the death of many sports bettors that would have otherwise been on the path to profits. Improper money management can turn wins into losses and moderate losses into nightmares.

Both winning and losing streaks are a very real part of gambling. It is how you deal with these ups and downs that will determine just how well you’ll do at the end of the day.

That is precisely why money management is so critically important. When you are on a winning streak, you have to stretch those winnings to the maximum, but still safe level and make sure that you are a winner. And when things go the other direction, you must restrict losses to affordable amounts.

Money management takes a lot of discipline and for some people it probably takes some of the fun out of it too. But those are the people that must get a kick out of giving a lot of money to the sports books. Sports

Betting is very similar to investing in stocks or other financials in the way that money management can make or break the investor.

The History of Online Sports Betting

Man, by virtue of his instinct to survive, is naturally a gambler. Given the risks of living day-to-day life, it was considered an act of skill to stay alive until the sun sets, especially during the Stone Age. As the human race began to develop systems that would facilitate the physiological need of survival, the gambling instinct that was inherent in man did not dissipate. Rather, it became stronger with the passage of time.

The gambling instinct, simply put, is displayed early into the history of human civilization. The Romans were notorious for their fierce and unforgiving gladiator matches, which were mainly violent at least and visceral at best. By 80AD, the emperor Titus then conducted the first official ceremonies at the Colosseum, and thus the festivities had begun. Slaves were pitted against each other in mostly battles to the death, and sometimes against wild beasts as well. Spectators relished the thought of betting on their favorite gladiator, hoping that he would live to see the end of the glorious battle.

But as time progressed, the violence of the human sport had proved to be too much for some, and gambling has been reduced to animal fights. Of course, this has been around even before the human blood sport of gladiators, but they had become highly popularized in certain parts of Europe -particularly Spain, Portugal, the United Kingdom, France, and even some parts of Asia such as the Philippines and Indonesia. Among these fights were bullfighting, cockfighting, and fox hunting.

As European influence spread more and more all throughout the continents of the world, the thrill of betting soon became a worldwide phenomenon. Gradually, the hunger for the sight of blood was soon surpassed by the promise of amassment of wealth. The stakes were high, but made more appealing by the rise of establishments such as casinos. Betting was never more enjoyable.

But alas, the collected momentum of sports betting was halted abruptly by the coming of the two World Wars since activities such as race meeting and lotteries became severely restricted. Its return only came in the mid-1950s and soon flourished again.

Not to be outdone, sporting events still remained strong in gambling circles, as events such as horse races, basketball matches, and baseball games just seemed to beg for more incoming bets. The rise of communications technology also facilitated the development of sports betting, with phone betting becoming an attractive option to those who live far and away from the games. Companies such as Intertops in Antigua started this as far back as 1993.

When the Internet finally came out for public access and personal use, the betting world evolved into a more closely-knit community. Globalization served its purpose in connecting the world in ways previously thought inconceivable -after all, who would have thought that you can bet on a game halfway across the world with such ease? In 1996, a company in Gibraltar called Microgaming took advantage of this trend and began developing software for use in other gaming companies all over the world. Others soon followed suit, and thus online sports betting as we knew it was born.