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Saturday, December 16, 2017

How to Read NFL Odds

Betting on the NFL is extremely popular for NFL fans and sports bettors as it adds more excitement to each game and can be lucrative as well. Knowing how to properly read NFL odds or lines can however seem like an overwhelming task but this tutorial on how to read NFL odds will help you become a pro at it!

Point spreads (also known as lines, spreads or sides) is the most common type of NFL wager. Every game has a favorite and an underdog of a certain amount of points. This number is determined by an oddsmaker.

A negative number (-) will always represent the favorite, while the positive (+) number shows which team is the underdog. Let’s look at a Point Spread example:

  • Chicago Bears +6.5
  • Denver Broncos -6.5

In the example above, the Broncos are favored by 6.5 points against the Chicago Bears, who are 6.5-point underdogs.

If you were to bet on the spread for the Broncos, they would need to win the game by 7 points or more. For a winning bet on the Dolphins, they would need to win the game outright or lose by 6 points or less.

Point spreads will be listed as whole numbers (-3, +4, etc.) or in half-point increments (e.g. -7.5, +10.5).

Under normal circumstances you will need to add at 10 percent “vig” or “juice” to the amount you want to win on your wager.

This increased risk is the house edge. For example, if you want to win $100 on a spread wager, you would need to wager $110. When the odds are listed as American odds, this is represented by a number after the spread (e.g. -110 ).

Totals or “over/unders” are second only to spread betting in terms of popularity. They are also one of the easiest types of wagers to understand. A linesmaker sets a number for the total points that will be scored in a game and you simply bet if you think the final score will be more (over) or less (under) than that number.

As an example the Over/Under Total for SuperBowl XLVII was 48 total points, which means a bettor could wager whether there would be more or less than 48 points scored by both teams combined.

The final score of this SuperBowl game was 34-31 with both teams adding up to 65 points, so the game went over and Over bettors won and Under bettors lost.

Betting on the moneyline can also be used or in other words the straight up winner. Your Offshore Sportsbook will have a higher amount to risk on the favorite and less to risk on the underdog.

If players are looking for a bigger pay-out on their selections they will look at Parlay Bets. This is where you take multiple bets and combine them into one bet. All your bets have to be correct to cash a winning ticket. This is harder to do and the number of bets increases the payouts for the money you add and for the harder it is the rewards are greater.

Bookie Pay Per Head Service 
A teaser bet is like a parlay bet where more than one selection must be made, but the difference is a players gets to add points to its wager.

For example in a 6 point teaser of a 10 point favorite you would subtract 6 points from the 10 points making your wager a 4 point wager. You will probably win more of these than parlays but your return on your money will be quite less.

A Future bet can also be made which is a wager on an event thats is happening sometime in the future. An example is to place at the start of the NFL season on which team will win the next Superbowl.

A Sportsbook Pay per Head company will adjust their lines during the year, depending on strengths and weaknesses of teams.

A recent addition to the player's arsenal is Live Betting. The Internet gives us the chance to wager together in real time. Live wagering is exactly what it says on the box: you can bet on updated point spreads, moneylines and totals as the game progresses during a live NFL broadcast. – that’s called live betting.

Enjoy this NFL Season.

Friday, November 3, 2017

2017 NCAA Football Week 10 Predictions

We are halfway through the college football season and by now, we all have a good idea as to which team can do what. This weekend we got some great college football action with thousands of people ready to place a bet on their favorite team or on the team they believe will win.

So I am going to make it easier for those who are still debating who to put their money on with a few predictions of my own.

Here we go:

LSU vs. Alabama at 8pm ET 

Alabama will host LSU in one of the fiercest rivalry in NCAA football. We all can predict that Alabama the #1 seated NCAA football team will win. Not just because they are a stronger team but also because they will have the home field advantage. The big question is whether they can cover the spread. has Alabama at -21 thanks to six straight wins against the Tigers who have a 9-4 record so far under the leadership of Nick Saban.

Take LSU at +21 

South Carolina vs. Georgia at 3:30PM ET 

 South Carolina is hot right now with three straight wins an do not seem to be intimidated by the Bulldogs. On the other hand, Georgia destroyed Florida in a rivalry game that has placed them in the No. 2 spot.

The online sportsbooks have Georgia at a -23.5 because they know that South Carolina’s latest victories were not against such a strong team. Some say that these two teams are in a different league and that Georgia will cover the spread.

It’s a tough one but this weekend, I expect to see a lot of underdogs cover the spread so take South Carolina at +24.

Florida vs. Missouri at 12PM ET

So the Gators just fired Jim McElwain but the football season goes on and the big question is whether they can take Missouri while on the road. Several sportsbook pay per head provider are seeing some interesting shift in betting and here is why.

The current spread for this match-up has Florida at -3 with a 61.5 over/under. Some may wonder why the spread is so close and that is because they think that the Gators are still stunned after suffering a defeat by Georgia and also because of the shift in coaching leadership. Plus it also helps that the Tigers have won their last 2 games.

The verdict is to take the Gators at +3.5

Wednesday, September 6, 2017

2017 NFL Week 1 Prediction – Patriots vs. Chiefs

The first week of the NFL regular season is always a tough one to predict because the NFL Preseason does not give you any significant insight on how a team will perform for the rest of the season.

Some may call this pick a cop out as everyone and their mother knows that the Patriots will win this matchup. The current money line on the game is New England at -420. For those not familiar with Sports Betting it means that you have to bet $420 to win $100.

So here is the skinny on this game:

  • Matchup: Kansas City Chiefs at New England Patriots 
  • Location: Gillette Stadium, Foxborough, MA 
  • Time: 8:30PM ET 

Odds from

Teams Spread     Money Line Total
451 Kansas City Chiefs +9 -10 +350 Over 48.5 -110
452 New England Patriots: -9 -110 -420 Under 48.2 -110

In this season opening game, the defending Super Bowl Champions Patriots(14-2 SU, 13-3 ATS, 6-10 O-U) are taking on the Kansas City Chiefs(12-4 SU, 9-7 ATS, 6-10 O/U) who are clearly the underdogs.

The Patriots will as always have a very strong offense. Despite Brady being 39 years old, he still has enough teams to perform well on the field. Even without Julian Edelman, it should not stop the Patriots from scoring.

On the other hand most sportsbook software companies agree that despite having to replace Dontari Poe and and needing a replacement for Maclin, the Chiefs are still a solid team that made it to the playoffs for the past two seasons.

Prediction: Take the Chiefs at -9 

Bookie Pay Per Head Service

Saturday, June 17, 2017

How to Become a Bookie

"How can I become an online bookie" is one of the most asked questions that I have been getting in the mail recently.  I am not exactly sure how people think that I know the answer to that question as I am really more into handicapping but I do know several people that are bookies and I asked them that question.

So here is the answer to becoming a bookie

Anyone can become a bookie.  As long as you have a head for numbers (and with all of the gambling software available today, that is not really an issue anymore), a bankroll that will cover all of your bets and some clients.

See how easy it is to start taking bets...

Now here is the real question, "How to become a successful bookie"

To become a successful bookie, you will need to know numbers, have a bankroll and a decent website with a good and reliable sports betting software that will allow people to place their bets and have competitive lines that you can change at will.

Having the Right Software and Betting Platform

First, you need to have the right betting platform.  Today, any successful operation will give it's bettors several ways to bet on sports.

If your clients are not able to bet on sports when and where they want, they will find another service.  So make sure that you have a good reliable software to help you out.

Buying a betting or sportsbook software is not cheap and requires a lot of maintenance as no one wants there sports betting website down 10 minutes before a game goes off.  So shop wisely an expect to spend over $100k for the software and at least $100-$200 a month on maintenance.

For the starting bookie, there is an alternative called a Price Per Player service. It's basically a service that gives you your own sports betting website and charges you per active player every week.

I have seen pay per head prices vary from $3 a week to $35 a week depending on the options you want for your players.  The basic options is just a regular sports betting website.  But you can add digital casino, live dealer casino, poker, horse racing, live betting and much more.

Some of the better pay per head companies even offer toll free numbers for your book with a customer service staff.

Having the Right Odds at the Right Moment

When most bookies first start out, it's not just a matter of taking bets but also to make sure that the betting on both sides is more or less equal as you make money not from winning the bets but from the "Vig" or the "Juice" which is the commission you charge for taking the bets. The average vig is 10% but some large sportsbook and betting operation sometimes charge 5%.

This is where being able to change the odds instantly comes in as that is a very important part of being a successful bookie.

If that is not done right and all of the betting is one sided and that side wins, you will be losing money.

More Bettors, More Money or is it More Bettors, Less Money?

Obviously, the more players you have the better the chances at making money.  Just make sure that you have the right players for your book.  If you have a lot of players that bet big, then make sure that you the money to cover their bets.

In addition, if you have a lot of players that are professional, then make sure that you have the right odds so that both sides will remain equal.

That is of course not always the truth and it all depends on how much work and the type of players you have.  I know several sports bookies that have only 50 players and are able to make a very nice living from these players.  Heck I know people that only have 2-3 clients that are able to make a living.

In the end, it is still a number's game so the more layers the better.

Hope this helps and I will try to add more details about becoming a sports bookie in my next post.

Bookie Pay Per Head Service

Friday, April 28, 2017

How to Bet on NBA Basketball

As we get closer to the NBA Playoffs. I thought I would write a quick tutorial on how to bet on NBA basketball for all of those that are looking for one.

Betting on the NBA or National Basketball Association is a great way to bet on a specific sport for a long time as the basketball season starts in late October and the Finals start in the early month of July. This gives sports bettors almost 8 months of sports betting action giving you many opportunities to increase your bankroll.

For those who are new to basketball betting, this basketball betting tutorial will help read the sports betting odds and show you how to be on the most three most popular types of basketball bets which are: betting on the point spread, betting on the money line and betting on the totals.  The odds examples in this articles are what you will commonly find in the best sports betting software on the market as they are easy to read and us.

Basketball Betting Tutorial

 How to Bet on an Basketball Point Spread

The most popular method of betting the NBA involves the point spread, which is a handicap the sportsbooks impose on one team to make both teams equal in terms of betting. With the point spread, the team expected to win will be called the favorite, while the team expected to lose will be called the underdog. The team expected to win gives, or lays, points to the team expected to lose for betting purposes. An example of a NBA game involving the point spread would be:

Boston Celtics +7 -110
Miami Heat -7 -110

In the example the Heat are a seven point favorite. If they win by more than seven points, you win your bet. Less than seven points your bet would be a loser. If Miami wins by exactly by seven points the bet would be a tie and wagers would be refunded.

How to bet on the Basketball Money Line

The Moneyline is a type of wager that provides different odds based on who will win the game. Money line wagers, which is a bet on the winner of the game without the point spread. Here is an example of a money line bet:

Boston Celtics +270
Miami Heat -400

If you wager on Miami you would have to put up $400 to win $100. On the other side would be a wager on Boston where you receive $270 for every $100 wagered.

The Moneyline (ML) odds can vary drastically depending on which team will play. When a strong basketball team plays a much weaker opponent, you will usually see a moneyline like this:

Team Moneyline Odds
Warriors +500
Spurs -750

This means that in order to place a bet on the Warriors, you would have to bet $500 in order to win $100. If you wanted to bet on the Spurs, you would risk $100 to win $750.

How to Bet on Basketball Totals

The second most popular method of wagering on basketball is in betting totals, also known as over/unders.

A total wager is the predicted combined score of the two teams playing. A number will be posted and bettors have the option of wagering more than the predicted total points will be scored (over), or less than the predicted total points will be scored (under).

In the example below, the total points were set at 190.5. The line will have a vigorish along with it , most commonly seen being -110.

Team O/U Final Score
Heat 190.5o -105 100
Pistons 190.5u -115 94

So if you bet $100 on the over and the total final score is 194 then you would win $95

Monday, April 3, 2017 Enters the Virtual Sports Betting Industry, a gambling company that is located, licensed and regulated by the European Union member state of Malta has just announced that it will now start offering virtual sports betting to its customers after entering a partnership with Leap Gaming a leading provider of 3D multi-platform games.

The newly formed partnership will allow to provide the full array of Leap Gaming virtual sports products which include tennis, virtual horse racing betting, dog racing, velodrome cycling speedway and trotting. customers can expect to be playing the Leap Gaming virtual sports within the next few weeks as both companies are working overtime to ensure a smooth rollout of the new virtual sports betting products.

Both companies are very happy with the new partnership and according to Dan Fisher, the LEAP gaming Chief Commercial Officer, they are “delighted to partner up with and provide our virtual sports to their extensive footprint. EnergyBet has been meritoriously recognized as ‘A Rising Star in Sports Betting.”

 EnergyBet CEO Marcin Sapinski commented: “Virtual sports betting is one of the fastest growing markets, and offers potentially limitless growth opportunities. With such an incredible opportunity at stake, it was critical that we chose the very best virtual sports developer to work with, and in Leap Gaming we’re confident we’ve found the best.”

One such example of virtual sports gambling’s success is how Leap Gaming has made tremendous progress in the African market. Virtual sports betting in Africa or as they say, Paris Sportifs Afrique, has become one of the top money making games and several other African countries have already been licensed to offer virtual sports betting to its citizens.

Monday, January 16, 2017

Football Handicapping 101: Football Betting Trends

With the Super Bowl right around the corner, I thought that it was time to write about football betting trends to help you bet on the right football team.

While sports handicapping is an ever-evolving concept, there are some basic fundamental approaches to handicapping football, and we will review the different methods used here. One of the more popular methods to handicapping football games is by using football trends.

Many amateur sports bettors think that football betting trends and football betting systems are one in the same. While they are very similar, there is one major difference. Football betting trends are specific to a team, while football betting systems are not team specific.

An example of a football betting trend would be “The New Orleans Saints are 9-0 ATS against non-conference opponents.” ATS stands for “against the spread”, and refers to a team’s record against the pointspread. Notice this football betting trend is only relevant to the New Orleans Saints.

An example of a football betting system would be “NFL Teams are 41-17 ATS in the regular season after four or more Overs against an opponent off an Under.” Note that this football betting system is not team specific, and instead is relevant to any NFL team in this situation.

Some football handicappers rely heavily on football betting trends, while others do not put much emphasis on them. NFL Handicappers that tend to use football betting trends believe that history for specific teams in specific situations is a good indication of how that team performs in similar situations.

NFL Handicappers that do not put much stock into football betting trends believe that there are more factors involved in a particular outcome or that with roster and coaching changes being made every year, the past records accumulated by a team that isn’t necessarily the same as the current year’s team.

Regardless of how NFL handicappers use football betting trends, they are widely regarded as one of the main handicapping tools used to handicap NFL Football games.

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