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Calculating ROI on Sports bets. Saturday, Feb 20 2010 

When betting on sports, what is the return on the investment (ROI) on the bets on a yearly basis? In here we are going to try to shed some light on calculating how much one can expect from winning at various rates on a yearly basis.

The money used to place the bet is what is referred to as the “investment”. The ROI will be the profit that is made when winning the bet after subtracting all expenses that were associated with placing the bet. A good comparison can be made by comparing sports betting to the stock market. The returns on playing the stock market game hovers around 10% on a yearly basis and has been at this rate for the last seventy five years.

When betting on sports the percentages change to your favor considerably, calculating yearly ROI on all the bets made is simple and is done by taking the profits from winning and subtracting the money lost. Then the outcome is divided by the total money invested in the bets. Let’s assume for the sake of argument there is a 100% win rate in a year. That would turn into a ROI of 90% compared to the 10% of the stock market. It is obvious where the potential lies on getting the best ROI.

To take a more down to earth approach to calculating ROI on sports betting; realistic win rates are most likely to be in the 50-60% ranges. In order to break even on a bet you need a 52% win rate. At that point the ROI is zero but no money is lost either so anything above this percentage means a profitable ROI.

One might say that the realistic figures look less profitable than the ones we displayed for the stock market.
This is where time comes into play. As the 10% from the stock market is a yearly figure one can also say 5% per six months. Every sports fan knows that the average season for any sport is about six months instead of a year so we only need 5% to do as well as the stock market by comparison. In short, to match ROI from the stock market one needs a win rate of around 55%. Anything above that outperforms the stock market ROI.

In case a win rate of 57% is reached, which is quite a common ROI, profits would be double compared to what one would have made on the stock market. Not a bad result at all.
The watchful eye should by now have detected a pattern here. This pattern is as follows: Every 1% increase on the win rate generates an increase of 1.9% in Returns on Investment. This is helpful as using this formula for calculating ROI makes doing so very simple.

Hopefully, this small explanation on ROI has contributed in shedding some light on how to calculate the ROI when placing sports bets.

M.A.H.

Some of the leading and recommended online sports-betting resources Tuesday, Feb 9 2010 

A number of online sports betting resources have made the games much easier. Players can access an all in one console from any remote location and place bets on sporting events. The usual aspects one looks at before using one of those facilities are the games they offer, reliability of the systems they use, reputation and fairness. The internet is full of reviews from experienced players, who have commented on the various services of different sports betting websites. Going through them is advisable for players looking for new sports betting sites.

The Greek is one of the leading online gaming resources. The resource offers a wide variety of sports including baseball, hockey, soccer, horse-riding, golf, tennis and more. An increasing number of players seem to be filling in The Greek’s users-lists and that is due to the wide variety of games that are offered. Free entries, great offers for certain sports leagues are some of the attractions at The Greek.

Diamond Sports International has been amongst the most reputed sports betting resources since 1998. Customers have expressed immense satisfaction for the services, fairness and reputation of the resource and it has earned a good reputation. This is a premium category website and is definitely worthy for anyone looking for one. A great range of sports, perhaps the best, is offered for a variety of players at Diamond Sports International. The internet also hosts a number of reliable resources for information on operations at this site and most of them come from experienced bettors.

M.A.H.

Online sportsbook picks of the week Saturday, Dec 12 2009 

The online sportsbooks are an easy way to start betting with convenience great customer support and easy maintenance. Many of the newly curious players who have found this method of betting are pouring in to make some money over sportsmen’s performances or the lack of them.

Online sportsbooks picks of the blog are –

Bet US – With a highly reputed customer service, which is available 24 x 7, this is believed to feature the best odds ever found on any other site. The quality of gaming and betting are also highly regarded by experienced bettors. The console is also easy to use and is a site with players from various backgrounds pouring in to make some money. Downloads include games that are very attractive with their bonuses.

Diamond SportsBook – this is one of the longest establishments in the sports betting industry. This console offers a wide variety and a range of over 100 tracks to wager on while also offering competitive rebate on virtual racetracks. The page layout is clean with easy pull-down tabs for all sports and lines are displayed in pop-up windows. Unlike other books Diamond also does a great job promoting its specials and bonuses. Diamond offers a bet point loyalty program in which bettors are awarded points for every wager which eventually can be cashed in for free-plays and bonuses.

Most of the online sportsbooks have bonuses for reloading and referring players to DSI. These special features make the ventures more attractive providing a range of bettors covering fields in professional and college football, MLB, NBA and NCAA basketball as well as other favorites like tennis, soccer MMA and boxing. However the biggest draw of this console would possibly be great customer service and access to wagers 24 hours from your cell phone or even your PDA.
M.A.H.

The beginner’s guide to online gambling Sunday, Dec 6 2009 

With the boom of online casinos businesses, the number of
new players is increasing at an encouraging rate. Gambling regarded as a risky
sport needs to be handled with great heed, especially for someone new. For some
guidance before you put in your money here is how to go about it –

• Read casino reviews – the internet is a good source for reading casino reviews
which are trustworthy and accurate. Examining every detail about a casino
is a must for a new member.
• Know the different casino types – Downloading a casino-software is not a
big issue. But you must know which one you will play at. It is better to start
off with less variation as beginner. Getting seasoned and understanding the
possibility of losing is important.
• The games – There are casinos which offer their own games. It is advisable
to not put your money into games that are not run by reputable casino software
providers. The monitoring bodies like the PriceWaterHouse Coopers give good advice and let you know which of the systems are reliable.
• Payment Options – The casinos listed on reputable websites have a number
of payment options. Apart from making deposits through a credit card you can
also use Click2Pay, Neteller, wire transfer, UKash, Western Union, online
check or other modes. NETeller, Citadel, PaySpark, 900Pay or FirePay offer
free accounts, by which it will be easy to fund your gambling games.
It is also important that you read through the ‘payment options’ part of the
gaming software.
• About bonuses – Beginners at the online casinos enjoy great welcome bonuses.
It is important that you keep as much of it as possible. The saved bonus money
comes into good use when you are having a bad streak over a long period. Wasting
the money you win from bonuses can cause you a bad wreck.
• Rules and strategies – Knowing the rules while you play the games is imperative.
Gaming rules are available on the software of the particular casino and they
may differ for different casinos. The guides and rules are mainly meant for
beginners.
• Collecting the money – Most of the older and respectable casinos are quick
to hand out the winning amounts. Using the different online transaction websites
also makes things quicker. Most of the popular casinos have more than 10 different
payment methods.
M.A.H.

Sport Select – The Canadian Government Steps In Thursday, Oct 12 2006 

Canada’s provincial governments are sponsoring a group of sports betting games known as ‘Sport Select’. The program has different names; for example, in Ontario and Atlantic Canada the program is known as Pro-Line, in French speaking Quebec it is known as Pari Sportif, while in British Columbia, it is called Sports Action. The rules for the games are similar in all provinces.

Initially created to offer betting mainly on the North American major professional sports leagues, Sport Select has expanded and is now offering betting on competitions such as the English Premier Soccer League and college sports.

Tickets for Sport Select – or the equivalent wherever you live – can be purchased at all lottery centers across Canada, creating one of the densest sports betting networks in the world. In addition, some provinces are now even accepting wagers over the Internet.

Sport Select games
Each province offers versions of these three games under rules similar to those described below:

Pro-Line
Known as Oddset in British Columbia and Mise-O-Jeu in Quebec, Pro-Line offers fixed-odds sports betting. This is the most popular of the Sport Select games. Betting is not offered on individual matches, because betting on a single sporting event is technically illegal under the Criminal Code of Canada. To overcome this, Pro-Line offers a parlay game where bettors wager on the outcome of anywhere from three to six of the matches offered by the lottery corporation. Decimal odds are quoted for individual matches and the odds for each selection are multiplied to calculate the potential payout of the ticket. All selections must be correct for the ticket to pay out.

Some provinces offer a ‘Combo Play’ which does not require all selections to be correct for a payout, but the Combo Play ticket is effectively nothing more than a number of similar, individual Pro-Line tickets rolled into one. Overtime is taken into account when determining results, but shootouts, both in ice hockey and in soccer are ignored.

Point spread
Point Spread is similar to those games offered by other bookmakers where bettors are wagering against a quoted point spread. Bettors can predict the outcomes of anything from two to twelve games, depending on the province. The payouts offered vary from one province to another.

Over/Under
Also known as Total in Quebec, Over/Under is similar to those games offered by other bookmakers where bettors wager that the total number of points scored in each match is over or under the quoted total. Bettors can predict the outcomes of between three and twelve games, depending on the province and again the payouts vary by province.

The Controversy

Odds
From the gambler’s point of view, Sport Select offers poor odds and in recent years it has come under increasingly heavy criticism from Canadian gamblers. Private bookmakers licensed in the United Kingdom or Nevada generally maintain an overround, or “vig” of about 110%, which means that the bookmaker can expect to pay out $100 for every $110 that is wagered.

In Canada, however, this overround for an individual match in Sport Select odds often exceeds 130%. Making matters even worse for the bettor, the parlay requirement compounds the overround and the actual vigorish is a minimum of 160% but can climb to well over 300% if six selections are made.

Most experts agree that the odds offered on Sport Select are such that even the sharpest punter has no chance of making a profit in the long term.

Ties
Even though draws or ties are common in soccer and used to be common in ice hockey, this is unlikely to be the case with most bookmakers. The rules of Sport Select provide for betting on “ties” in nearly every sport including football, basketball and in some provinces baseball, although a tied result is not possible in basketball or baseball and is rare in football.

Nevertheless, Sport Select directs that all games decided by five points or less in basketball, three points or less in football or one run in baseball is declared a “tie”. Moreover, when the NHL introduced shootouts in for the 2005-06 season the lottery corporations, in contrast to most bookmakers, quickly ruled that shootout results would not count, specifically so they could keep offering “ties” in hockey.

This tie rule is loathed by most Canadian gamblers because the size of the winning margin often means little to the teams on the field or court. Many bettors believe the rule’s sole purpose is to confuse gamblers and allow for larger vigs.

Canadian NHL teams
Because they do not receive a portion of the profits from NHL betting, Canada’s NHL teams, especially those in the smaller markets are becoming increasingly agitated. These clubs argue that the provinces are making millions of dollars on events for which they assume all responsibility, expense and risk and that those revenues would disappear if the clubs were to move or fold.

The 2004-05 NHL lockout, which cost the provinces more than $100 million in lost revenues reinforced these arguments. But most provinces have rejected the request outright – although the British Columbia Lottery Corporation agreed to license the Vancouver Canucks’ name and logo for a fee while the government of Alberta agreed to allow the Calgary Flames and Edmonton Oilers to conduct a separate, joint lottery.

The different NHL teams in Canada are the Toronto Maple Leafs, the Ottawa Senators, the Montreal Canadiens, the Vancouver Canucks, the Calgary Flames and the Edmonton Oilers.
Ontario and the NBA
Meantime, in Ontario, wagering on NBA games nearly cost Toronto an NBA franchise due to the strict league rules prohibiting gambling. Only after the provincial lottery corporation agreed to stop offering these wagers did the Toronto Raptors begin to play in the league. Up to 2004, the Raptors were still being forced to pay millions of dollars each year into a charitable fund and to the provincial lottery corporation to compensate it for the ‘perceived’ loss of revenue. If the NBA decides to put a team in Las Vegas the same could easily happen. 

College and youth sports
Provinces have started offering odds on college basketball and college football, much to the annoyance of the NCAA and others who would like to keep gambling out of amateur sport. At the start of the 2004-05 NHL lockout, Loto-Qu?bec caused a major uproar when they attempted to offer odds on QMJHL games in order to compensate for lost revenue. Players in this major junior league are aged 16 to 20 and make about $30 per week in pocket money. Faced with this intense opposition, wagering on QMJHL games was quietly abandoned.

Responses
Many Canadian gamblers have taken advantage of the Internet and are starting to do business with reputable offshore bookmakers or betting exchanges in response to what is perceived as extreme arrogance and a lack of respect from ‘the state bookmaker’.

The exchanges can offer odds that are up to 50% better than what would be offered for an individual match on Sport Select. Moreover, both traditional bookmakers and exchanges offer single sports betting, thus greatly increasing a bettor’s chances of winning.

Some analysts claim that the provincial lottery corporations are already losing more revenue to the offshore firms than they make by tilting the rules and odds in their favor. There are only very rough estimates of the amounts of money the provinces are losing to offshore competition, but the sums are believed to run to millions.

 

Popular Online Sports Betting Saturday, Oct 7 2006 

Traditional forms of gambling have long been a favorite pastime for many, given the amount of luck, risk and the chance to win big they are associated with. Today, online gambling has become a popular hobby for millions around the globe, with more and more visiting online sports betting sites and online casinos than ever before.
An undeniable advantage of online gambling is the fact that you can play wherever you have an internet connection. This has made gambling more accessible to millions of new fans and has resulted in the rapid growth of the online gambling industry and the record profits many operators are reaping in. The number of online casinos on the internet has exploded, and online poker has given the world of online gambling a major boost with celebrities and high profile tournaments responsible for bringing the game to new audiences.
One of the most successful stories in the online gambling world is the rise of sports betting. Sports fans have traditionally enjoyed betting on soccer, football, baseball, hockey and horse racing, but now with the ability to do so online, sports betting has soared in popularity. Today, a huge variety of sporting events can be wagered on, encouraging more and more diverse forms of online gambling.

As with all larger businesses, smaller ones have developed as a result of the surge of popularity. One of the most unique businesses to develop in the online casino world is affiliate marketing. Comprising of a simple advertising plan, affiliate marketing consists of the distribution of wealth from large online sports betting firms down to standard internet users. It also helps companies grow and maintains healthy competition in the online gambling world.
Affiliate marketing offers a reward scheme for websites that run advertisement on behalf of online sports betting sites. When a player joins an online gambling site via an affiliate site, the affiliate is awarded a percentage of the player’s wagers generated for the site. Therefore it is in the best interest of the affiliate to generate as many new customers as possible for the sports betting site. As a result, affiliate marketing has become a highly profitable and successful strategy for marketing in many industries, but none more so than in the world of online sports betting.

Empire to Purchase Online Sports Betting Venture Saturday, Oct 7 2006 

Empire Online, one of the world’s best known online casinos, has announced its intention to acquire an online sports betting business.
The company announced a 2005 profit of $41 million in online gambling profits, an increase of 15 million on the previous year. Online sports betting has proven a lucrative business in recent years. Industry analysts have predicted for some time that Empire Online would look to further its involvement in the online gambling industry by purchasing any number of sports betting sites.
Amongst the online sports betting’s major players are British firm Ladbrokes, William Hill and Sportingbet. Noam Lanir, chief executive of Empire Online, spoke enthusiastically about the firm’s flexible attitude in relation to online sports betting acquisitions and general merger activity in the marketplace. The owner of more than 20 per cent of Empire Online’s stock was quoted by various sources as saying. “Our focus is to extend the range of products that we can offer our customers, including a sports book.”
The online gambling firm reportedly attracted 450 new players at its online casinos each day during the month of March. The majority of these came from outside the U.S., a fact that no doubt has proved pleasing for Empire Online’s management. The firm has followed the lead of others in the online casinos industry seeking to reduce dependence on online sports betting and casino fans from the States.
In other news, online sports betting firms are keeping a close eye on developments in the U.S., where some lawmakers are seeking to impose outright bans on sports betting and casino websites. Following yesterday’s announcement of imminent acquisitions activity, Empire Online shares rose six pence to 152 pence.

Australia Gets Ready for On-line Betting Saturday, Oct 7 2006 

Playing baccarat and blackjack in Australian land-based casinos may be a thing of the past if predictions are correct. Some of the world’s most experienced analysts are of the opinion that the most lucrative game in the country’s future will not be in the casinos but instead will involve on-line betting.
According to Paul Facey, an analyst with financial powerhouse Merrill Lynch, the major land-based casinos in Australia are hurriedly developing online businesses.  The reason is simple – they are all seeking to capitalize on the on-line betting and gambling craze that is predicted to yield $10 billion U.S. dollars by 2001. In Facey’s words, “the world-wide internet gambling market looks set to boom. Following the expected ban on Internet gambling in the United States, Australian gambling companies appear well positioned to become dominant players in the industry.”
Australia is one of the first countries to promote forms of online gambling, including online casinos and on-line betting. Its largest casino firm, Jupiter’s, has already announced plans to develop an on-line betting business, along with the country’s two largest casinos, Crown Casino and Star City. The firms are currently waiting for the state government to award them licenses.
Australia’s welcoming attitude toward the online gambling contrasts starkly with that of the U.S. where playing at online casinos and participating in on-line betting is considered a felony. In comparison, two Australian states – the Northern Territory and Queensland – have introduced legislation permitting allowing firms to operate online gambling ventures. Similar legislation is expected from the states of Victoria and New South Wales.
The first casino in Australian to develop an on-line betting firm is Lasseters, the country’s first regulated casino situated in Alice Springs.
One of Ord Minett’s analysts, Stuart Jackson, has predicted that the focus of on-line betting operators will be on the more lucrative international markets than those close to home at first. This is likely to be encouraged by the lower tax rates established by the federal government. Jackson also believes that although the scope of the on-line betting market will be huge, losses will still occur due to international marketing expenses.

Finding the Most Reputable Online Betting Sites Saturday, Oct 7 2006 

One of the most pressing concerns for sports betting fans is the safety, security and general reliability of the online betting sites they frequent. Their concerns are fueled by widely publicized reports of fraudulent online betting sites set up purely to generate profits and never pay out.
However, there are a few tips on ensuring the online gambling site or online casino you use is reputable, and likewise some tips to indicate that they may be less so. Firstly, reputable sites usually always display their own toll free 1-800 number prominently, along with a phone number for their 24 hour customer service operations. Online sports betting sites generally operate out of countries where labor is relatively cheap, so there is no excuse for reputable sites not to offer round the clock support.
Shady online betting sites can usually be recognized by the limited options they offer for customers to make deposits. Fees may be charged to deposit money by credit card, a sure sign that these sites do not receive much business. Top online gambling and online casino sites are more than willing to pick up the 3 % credit card fees in order to attract your business.
On less than reputable sites, information is often out of date. Betting odds may seem out of synch and differ drastically from those of other online betting sites.
A final sure sign that you are not playing at the best online betting sites is when you have to email the site to request your deposit bonus. This is generally awarded automatically by more reputable online gambling sites.

Experience the Convenience of Online Sportsbooks Saturday, Oct 7 2006 

Online sportsbooks have changed the face of internet betting in recent years. Now instead of frequenting traditional bricks and mortar betting agencies, sports fans can place bets on all their favorite sports, including soccer, baseball, golf, racing, tennis, cricket and football, at online sportsbooks.
Every sports betting fan needs to be aware of a few simple rules on how online sportsbooks operate. Winners of events are generally determined at the conclusion of the event and no action can be recorded on the site if the event is postponed by up to 12 hours. The bets submitted by gambling fans can be viewed in the list of Pending Wagers that allow them to participate in the event.
All reputable online casinos and online sportsbooks offer their members a variety of convenient methods of transaction. Most allow for the withdrawal and deposit of funds using various money transfer services, such as Citadel, Neteller and Firepay, along with credit and debit cards.
However, as fun as wagering at online sportsbook sites can be, there are still precautions one should take to avoid playing at disreputable sites. When choosing an online sportsbook, it is important to verify whether the site operates under a government or state license. The age of an online sportsbook is also a useful way of finding out how reputable the site is. The opinions of other online gambling fans and gaming portals should also be taken into consideration, as experience is useful in this arena.
Some of the things to avoid when choosing an online sportsbook are sites that offer high bonuses. Sign-up bonuses at reputable sites usually range from between 10% to 25%. Higher offers than this may be viewed dubiously.  It also pays to check with every online sportsbook for its address and its 24 hour customer service contact details, which should include an email address, live chat functionality and a toll-free telephone number.
Another worthwhile consideration is to check the legality of online sportsbook gambling in your state before you begin to gamble online. In some states, the placing of bets online is considered a felony, therefore you should ensure you are not breaking the law by frequenting online sportsbook sites.

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