Posts Tagged ‘bet’
Blackjack : Quickstart Guide
Having been a blackjack dealer and gambling instructor, I have taught countless people how to playing the game of Blackjack. The game of Blackjack is a very simple one to learn and you can be on the table playing in just minutes from now. On my main website (WiseBettor.com), I go more in detail about gambling, but this quick start guide will give you everything you need to play a game of Blackjack. For the purpose of this article, we will focus on playing Blackjack online.
Before you can play a hand of Blackjack, you must place a bet on the table. The minimum bet amount required to play depends on the table you are at. All winning bets at the Blackjack table are paid even money, with the exception of a dealt Blackjack, which is paid three to two. If, for example, you have a $5 bet on the table and receive a Blackjack, you would be paid $7.50.
The game starts with you receiving two cards and the dealer receiving two cards. One card of the dealer is placed face up for you to see. This card is called the “up card” and gives you a little help in guessing what the dealer holds. Each card has a count that’s equivalent to it’s number. So, for example, a two is worth two. The Jack, Queen and King cards are worth ten. The Ace is worth one or eleven—you decide. At the conclusion of each hand the player closest to twenty-one wins. However, the object is not really to get as close to twenty-one as possible, rather to beat the dealer.
As the player, you go first. You can hit, stand, split, double down or surrender. Here’s a description of each action.
Read the rest of this entry »
Betting On Football – A Simple Guide from The Sportsman
Football betting has seen an incredible rise over the last 10 years as the bookmakers have opened up the sport by offering a myriad of markets to bet on from the obvious to the ridiculous. With the World Cup round the corner and the Premiership, SPL and National Leagues following on soon after you might like to be armed with a bit of the basic knowledge so that you can get involved too!
The Sportsman is the UK’s newest daily newspaper and website devoted entirely to sports betting and racing so who better to guide you through the basics?
Betting has an awful lot of jargon but it’s not nearly as complicated as you might think. The most popular bet in football outside of the straight forward who will win the World Cup or Premiership itself is the match betting.
The first thing to remember when betting on a football match is that it’s not a two horse race! A lot of people think that you are betting on, say, England or Sweden to win the match – which, of course you can but forget the draw at your peril. Bookmakers pay out on matches on the score after the first 90 minutes so extra time is not included and anybody who knows football knows that there are plenty of draws so don’t be afraid to back the draw.
Read the rest of this entry »
Betting Exchanges and Lay Betting – An Introduction
Why A Betting Exchange Can Offer You The Key To Successful Gambling…
Introduction
Too many gamblers are still living in the ‘dark ages’ and will only ever place a bet with a traditional bookmaker. They either can’t be bothered to learn how the exchanges work or simply don’t realise the features and value that can be had when betting within an exchange environment.
Believe me, using a betting exchange is very easy, and if you are not already using at least one exchange you should join one immediately after reading this article…
I’m not saying that a betting exchange should be used for all your betting. There will still be occasions when a traditional bookmaker will offer more desirable odds than those that are available on the exchanges. However, in the majority of cases you will find better value on the exchanges and additionally there are other VERY IMPORTANT features that only the betting exchanges offer. More on this later…
So What Is A Betting Exchange?
Put very simply, betting exchanges are a secure place where members of the betting public can exchange bets with each other anonymously, at odds that they specify themselves. The exchange companies simply act as the ‘middleman’ and match peoples bets.
As there are no bookie margins to factor in, prices are very often more desirable. The betting exchange companies make their money by taking a commission payment on your winning bets. This is usually in the region of 3 – 5%, but even taking this into account, it’s very common to find better prices on the exchange.
The cumulative effect of better prices when combined with a good staking plan, can make the difference between you generating a healthy profit or a bad loss. Using an exchange does not mean you will automatically win more frequently! You still have to find good value winning bets yourself or via a professional tipster but it’s the effect of getting a better return on your winning bets that will boost your betting bank and protect you during losing streaks.
Most people use the betting exchanges on the internet, but you can also place bets on the telephone.
Betting Exchange Advantages
As well as regularly finding better prices when backing a selection, exchanges also give the gambler some other very important advantages over traditional bookmakers.
Read the rest of this entry »
Betting Exchange Place Markets – Wise Up And Win
Introduction
In article one, I introduced you to the Betting Exchange concept and explained the basics of LAY Betting (Lay to Lose). Now in this article, I’m going to introduce you to another unique and powerful feature of the betting exchanges, the Place Markets.
What Are Betting Exchange Place Markets?
Place markets are as the name suggests, markets which allow you to bet on a selection to be ‘placed’. Eg. a horse to finish 1st, 2nd or 3rd in a 8 runner or larger field.
Now, the first and most important thing to highlight here is that these place markets are completely different to the well known Each Way (EW) betting markets offered by traditional bookmakers. The Each Way bet is in fact 2 bets of equal stakes.
The 1st stake is on the selection to win and the 2nd is on it to be placed. So a £10 EW bet will cost you £20 in total.
A £10 place bet on a Betting Exchange is a single bet and therefore will only cost you £10. If your selection finishes in a place, you collect your winnings and smile.
Think about it for a minute. How many times have you been certain that a horse will be placed, but you have not been confident that it will win…
Traditional Each Way Betting
Take the following example. A horse named ‘Im gonna be placed’ that is available to back with traditional bookmakers at 4/1 (5.0). Your very confident that it will finish in the top 3 in a 10 runner field.
With a traditional bookmaker, your options are:
1) Take a chance on it winning and place a win single on it. E.g. £10 at 4/1
2) Place an EW bet on it. E.g. £10 EW at 4/1 (5.0). Total stakes £20. The bookies will pay you 1/5 odds on the place element of this E/W bet based on their standard EW rules. On our horse which is available to back at 5.0 this equates to 1.8
Now, the only time the above race will be profitable for you is if the horse actually wins. In both cases you would make a very nice profit if it did. For option 1 you would win £40 profit and for option 2, £48 profit.
BUT, if as you suspected the horse only finishes placed in 2nd or 3rd, you actually lose money in both cases. With option 1 you obviously lose all your stake money so are down £10. With option 2, you win £8 on the Place side of the EW bet but still lose £2 overall as the win part of the bet was a losing one.
Enter The Betting Exchange Place Markets
Using the above example and depending upon the prices of the other horses in the race, you would probably see the Betting Exchanges offering odds of around 1.60 – 2.00 (evens) on this horse being placed. You can therefore put your £10 PLACE bet on at say 1.8 and collect £8 profit (minus commission) as long as the horse finishes 1st, 2nd or 3rd. Only if the horse finishes outside of the top 3 do you lose your £10 stake.
I’m sure this has got you thinking and you can probably see the power in this straight away!
Read the rest of this entry »