A betting strategy or betting system is a calculated approach to gambling - horse gambling in this case, which is intended to counter or upset the partiality that inherently favors the house or bookmakers in any sports betting event. Any successful strategy increases the players' odds of winning in order to produce long term profits. These days, horse racing systems are based on financial systems such as hedging or placing wagers on multiple outcomes in a single race; or arbitrage betting wherein the player lays a running horse a low price and backs it at a high price with a different bookie. The latter is more popularly known as Dutching or Dutch betting. Exotic bets have their own winning strategies.
However, it should be taken into consideration that the denotation for the word "strategy" means a plan or method or stratagems or series of maneuvers for obtaining a specific goal or result. It does not translate to a fool-proof, 100%, error-free winning move for those huge pay-offs or that elusive jackpot.
There are many websites and booklets available everywhere offering horse gambling strategies, but applying them to a players' ticket is a matter of choice. It should be noted that seasoned players usually come up with their own winning strategies. For new players, perhaps the best horse strategy would be the ones freely given. Spending money on these so-called winning strategies is a waste of effort, money and time.
Here are a few strategies your might want to try, but remember these are merely suggestions and can afford you no winning guarantee:
For Exactas: play your 1,2,3 with 1,2,3,4 at $2 each with a possible turnover of $18. The basic rule here is that the odds of all 4 horses must total 14 or more to make it profitable. For the more adventurous player, you may try to key in #4 with a longshot or a horse with considerable odds mounted against him.
For Trifectas: play 1,2 with 1,2 with 1,2,3,4 or 1,2 with 1,2,3 with 1,2,3,4. Wheeling combinations depends primarily on how much you are willing to stake for each ticket.
For Pick-3s: Try one of these two methods. The first one is just to play the top 3 in each 3 races for a cost of $54. The second method involves picking a value horse plus a backup runner in one leg. Your tickets may look like thus:
%u2022 Ticket One: 1,2,3 with 1 with 1,2,3,4 for a total value of $24.
%u2022 Ticket Two: 1,2 with 1, with 1,2 for a total value of $8.
%u2022 Ticket Three: 1,2,3 with 2. with 1,2 for a total value of $12.
Supposing that your value horse is #1, and it wins the race, then you have a chance of cashing in 2 winning tickets. This second method is also cheaper than the first and has a higher probability of hitting Pick-3 twice.
By: JimmyMayon
Jimmy Mayon (MBA, BSEE) is a technologist with an enthusiasm for Horse Racing. During the last 25 years he has been managing banking and online transaction processing technologies for private and public sectors. Today he specializes in open source development using Java, PHP, Linux, and MySQL. KANATI Inc..
Tuesday, November 20, 2007
Monday, November 19, 2007
Sports Betting: How To Implement Bankroll Management
In sports betting we can really get caught up with winning money and the thrill of the action. But no matter how much money we start with, there will not be any left if we don't tread with some form of bankroll management.
If you bet on sports you know that the bookie clears 10% on all of the losses. So the juice alone could eat all of your bankroll up over a long period of time. I will go into a good management plan that has worked for me for years.
First your bankroll is the most important thing when it comes to sports betting. Without it you are dead in the water. And it should be money you know you can afford to lose.
Let's say you start with $2000 you know you can afford to lose and this is your designated bankroll. You should divide it into four equal parts. That would make four parts of $500. Then your betting unit should be no more than 5% of your total bankroll. I use and am a proponent of 1-2%. So that puts the betting unit at $20-40.
Your goal now is to take one $500 unit and double it using a good system and your betting unit of $20-40. Once it's doubled you add that to you total bankroll and you now have $2500. Now divide that into four parts and do it again.
But what if you lose the first $500? If that unit is gone then you take your remaining bankroll ($1500) and divide that now into four equal parts and repeat.
The whole idea is to protect you from huge losing slides, which we've all experienced. It protects you not only from a huge losing streak but keeps you on track for long term investment opportunities.
When it comes to sports betting, bankroll management is one of the four strategies all sports bettors must use if they want to be long term winners. When you use all four strategies together no bookie can stop you.
by Paige Knudtson
If you would like to find out more about these 4 winning strategies then go to Sports Betting: The Simple Truth for my free report.
Paige Knudtson is a sports bettor with seven years of betting experience and creates a full time income from betting on MLB, NFL, NCAAFB, NCAABB, and NBA.
If you bet on sports you know that the bookie clears 10% on all of the losses. So the juice alone could eat all of your bankroll up over a long period of time. I will go into a good management plan that has worked for me for years.
First your bankroll is the most important thing when it comes to sports betting. Without it you are dead in the water. And it should be money you know you can afford to lose.
Let's say you start with $2000 you know you can afford to lose and this is your designated bankroll. You should divide it into four equal parts. That would make four parts of $500. Then your betting unit should be no more than 5% of your total bankroll. I use and am a proponent of 1-2%. So that puts the betting unit at $20-40.
Your goal now is to take one $500 unit and double it using a good system and your betting unit of $20-40. Once it's doubled you add that to you total bankroll and you now have $2500. Now divide that into four parts and do it again.
But what if you lose the first $500? If that unit is gone then you take your remaining bankroll ($1500) and divide that now into four equal parts and repeat.
The whole idea is to protect you from huge losing slides, which we've all experienced. It protects you not only from a huge losing streak but keeps you on track for long term investment opportunities.
When it comes to sports betting, bankroll management is one of the four strategies all sports bettors must use if they want to be long term winners. When you use all four strategies together no bookie can stop you.
by Paige Knudtson
If you would like to find out more about these 4 winning strategies then go to Sports Betting: The Simple Truth for my free report.
Paige Knudtson is a sports bettor with seven years of betting experience and creates a full time income from betting on MLB, NFL, NCAAFB, NCAABB, and NBA.
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