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David E. Ramsey

David E. Ramsey

Usually, bookmakers run different policies and requirements for preparing wagers on arbitrage sports betting with abnormal results. This will naturally influence the end result of the arbitrage you are dealing with. If this describes the circumstance, it is then ideal to verify the policies maintained by the bookies before you place your wagers with them. Simply examine if the bookmakers share the same regulations for every sporting event you may be interested in.
David E. Ramsey

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David E. Ramsey

David E. Ramsey

Usually, bookmakers run different policies and requirements for preparing wagers on arbitrage sports betting with abnormal results. This will naturally influence the end result of the arbitrage you are dealing with. If this describes the circumstance, it is then ideal to verify the policies maintained by the bookies before you place your wagers with them. Simply examine if the bookmakers share the same regulations for every sporting event you may be interested in.
David E. Ramsey

Find out if the sportsbook is part of a larger group of companies. Options should be available that are ‘free’ or where the sportsbook absorbs the charges. King

So you have decided to start betting online – or maybe you just want to find a new trustworthy sportsbook – what do you need to look out for?

<< Back to “Recreation And Sports” Index

This article was posted on October 22, 2004

Well I am in a position to speak from some experience – I did at one time hold accounts with about sixty bookmakers in Europe, UK, Australia and offshore – the latter catering mainly to the US market. Sometimes this means added solidity.

What are the deposit and withdrawal options and the associated charges.

Happy betting!

“How to Choose the Right Sportsbook!”

 by: Daniel B. These vary quite a bit from book to book. I also like SportingBet (www.SBSportsbook.com) who take US customers and cater for global sports.

Not all the above are critical – but help towards finding a secure book. I have had at least three online sportsbooks go broke on me – luckily my losses were kept to a few thousand dollars – that may sound a lot but it could have been a lot worse.

It is not that easy finding a reputable sportsbook – partly because the web is populated by website owners who will sing the praises of a sportsbook or casino simply because they earn revenue from signing up customers via an affiliate program. But ask yourself ; “how easy is it to get access to my money and how much does it cost?” . Often these website owners know nothing about betting, do not hold accounts with the sportsbooks they are advertising and have not researched the companies they are involved with.

The UK has a number of established books including William Hill, Ladbrokes, Coral, and Victor Chandler.

So what do you look for:

I would say that US bettors are at most risk since they are generally forced to bet at offshore sportsbooks due to legality issues. Therefore you should think of the sportsbook you are considering as a bank – a place that you intend to keep funds long term.

If you have already have an account with a sportsbook watch out for lapses in customer service and slowness of payment – these can be signs that the company could be in trouble.

Read press articles as opposed to reviews – reviews are usually written by the sportsbook’s marketing team.

Test run the software by joining and playing for free – most sportsbooks offer this facility.

Find out if your funds are insured or separated in ESCROW accounts so that if the sportsbook company goes under – your funds are still safe.

Find out if the sportsbook is independently audited.

How long has the operation been online – three to four years is usually a good marker as a minimum.

Test out the customer services to see if they meet your standards or the standards they promise you.

If you know about betting already, then check some of their odds and lines – are they in keeping with what you would expect? Some less scrupulous sportsbooks offer very attractive prices to lure unsuspecting bettors. The offshore books with whom I work are top grade but it is in the offshore environment that problems occasionally occur. It is, therefore, critical that those US customers put in the research before signing up.

You are keeping your money in an account online READ MORE

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David E. Ramsey

David E. Ramsey

Usually, bookmakers run different policies and requirements for preparing wagers on arbitrage sports betting with abnormal results. This will naturally influence the end result of the arbitrage you are dealing with. If this describes the circumstance, it is then ideal to verify the policies maintained by the bookies before you place your wagers with them. Simply examine if the bookmakers share the same regulations for every sporting event you may be interested in.
David E. Ramsey

Oddsmakers at LVSC are professional sports junkies who love what they do and would probably do it for nothing if you asked them, but they do get paid for it. If we’ve done that, we’ve done our job.” . Why the Line Changes

Individual books having players who consistently bet with certain tendencies (such as an extreme bias toward favorites or toward a certain popular team like USC)

Once a game’s power rating based pointspread is determined, the oddsmaker will make adjustments to that line after considering each team’s most recent games played and previous games played against that opponent. If an oddsmaker comes up with a preliminary line of USC -7, then an adjustment up to -7.5 or -8 would be made in response to the public’s expected USC bias.

Moving the line is the oddsmaker’s effort to balance betting action, and often times such moves can have a major impact on a bettor’s decision.

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines.

For example, if the pointspread on a game is 7 and most of the money is coming in on the underdog (taking the +7), sportsbooks will then move the number down to 6 ½ to try and attract money on the favorite. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach. “We’re not trying to pick the team that covers the spread, we’re trying to make it a coin flip, a tough decision (for the bettor). People think it’s much more complicated, but it’s not.”

Divided action means the sportsbook is guaranteed a profit on the game because of the fee charged to the bettor (called juice or vig – typically $11 bet to win $10).

Once betting begins, sportsbooks can adjust the line at any time.

The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action. In doing so they attempt to make more attractive the team that is getting less action. Of course there is an entire method to the madness on how the opening line is created.

A round-table discussion among the 4-5 oddsmakers involved in making the line for each sport is then conducted and a consensus line is decided upon by the Odds Director before it is released to the sportsbooks.

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks.

Contributed by:

“You either have a passion for it or you don’t,” Seba said.

“The main objective is that our clients get equal action on both sides,” Seba said. Stated another way, they want to create a line that half the people find appealing to bet one way while the other half find it appealing to bet the other way (known as ‘dividing the action’). In our extended interview, Seba explained that there are 4-5 oddsmakers assigned to make lines for each of the major sports (pro & college football and basketball; MLB, NHL, boxing, golf).

Experts working for the individual books having a strong opinion on the game

The last step in the line-making process for each oddsmaker is taking one final look to determine whether or not the line “feels right.” This is where common sense and past experience with how games are bet enters into the picture. Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error. Also, adjustments are made after reading each team’s local newspapers to get a sense of what the coaches & players are thinking going into the game. For example, the public might have heavy betting interest week after week on a popular college football team such as USC. By moving the line, sportsbooks can influence how the public bets on a particular game.

“The #1 thing for us is to make a line for each game that creates good two-way action. Obviously, if the line comes out a week ahead of the event (which is the case in football), there is much that could happen during the week leading up to the event that could affect the line.

Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

Once the opening line is released by LVSC, the individual sportsbooks decide if they want to make any adjustments before offering it to the public. The power ratings are adjusted after each game a team plays. Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades. That is not the case at all – their intent is NOT to evenly split the ATS result between the teams; rather, their goal is to attract equal betting action on both sides. We do this by drawing from past experiences and applying them to current situations.

Power ratings are the oddsmaker’s value of each team and are used as a guide to calculate a “preliminary” pointspread on an upcoming game. Reasons for such adjustments include:

How the Opening Line Is Made

There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process. Of the 4-5 oddsmakers, generally the 2 most respected opinions are weighed more heavily by the Odds Director before he decides on the final line.

What Is the Line Trying to Accomplish?

Oddsmakers READ MORE

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David E. Ramsey

David E. Ramsey

Usually, bookmakers run different policies and requirements for preparing wagers on arbitrage sports betting with abnormal results. This will naturally influence the end result of the arbitrage you are dealing with. If this describes the circumstance, it is then ideal to verify the policies maintained by the bookies before you place your wagers with them. Simply examine if the bookmakers share the same regulations for every sporting event you may be interested in.
David E. Ramsey

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sand Progressive Jackpots starting at READ MORE

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David E. Ramsey

David E. Ramsey

Usually, bookmakers run different policies and requirements for preparing wagers on arbitrage sports betting with abnormal results. This will naturally influence the end result of the arbitrage you are dealing with. If this describes the circumstance, it is then ideal to verify the policies maintained by the bookies before you place your wagers with them. Simply examine if the bookmakers share the same regulations for every sporting event you may be interested in.
David E. Ramsey

This bag is not meant for law students. While the bag does have a divider for your laptop or iPad, you will still want a padded case for your computer to protect it. This continues to annoy me.

Cons:

Convenience:

Construction:

While Timbuk2 bags are customizable, some of the custom design is really just a way to charge more for features that might have been standard. You can choose those features and other frills such as custom color patterns.

Timbuk2 calls the material they use to make their bags “ballistic nylon.” Ballistic nylon was invented in World War II to do just what it sounds like-protect servicemen from shrapnel. That is, you wouldn’t want to be carrying around two or three leather-bound casebooks in it.

Not comfortable with a lot of weight.

The selling point for messenger-style bags is their convenience for ease of access. A Timbuk2 bag’s design allows for easy access to books and pockets even as you wear the bag. The one shoulder messenger design makes it uncomfortable to carry a lot of weight. It was an invention that led later to bulletproof fabrics. While the bag can hold quite a bit. I have to clip it on to one of the loops on the outside of the bag and dangles around like giant keychain.

More expensive.

Size:

The medium size Timbuk2 messenger bag can fit a laptop, two textbooks, and a few one subject notebooks. Have a seat of the bus, quickly grab something to read, and make productive use of your time. There is no built in padding to the basic Timbuk2.. It certainly is not bulletproof. You can estimate from there whether you need a small, medium, or large Timbuk2 bag.

No water bottle pocket. This makes Timbuk2 a great choice for commuters riding bicycles or riding public transportation. I also would not expect the nylon to stop shrapnel, but the fact that they call their material ballistic nylon does give you an idea as to its strength READ MORE

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David E. Ramsey

David E. Ramsey

Usually, bookmakers run different policies and requirements for preparing wagers on arbitrage sports betting with abnormal results. This will naturally influence the end result of the arbitrage you are dealing with. If this describes the circumstance, it is then ideal to verify the policies maintained by the bookies before you place your wagers with them. Simply examine if the bookmakers share the same regulations for every sporting event you may be interested in.
David E. Ramsey

Exchanges use

bots (software) to keep the odds markets artificially fluid that ensure that

people will bet more, especially when an event is in running.

If Chelsea wins then I win £10 – 5%

The only people who are making money out of gambling are the bookmakers;

the exchanges and the spammers who sell systems that promise you the earth.

Don’t fall for it; within a few months they will be selling another system

because their earlier ones don’t work.

Gambling over the Internet

Sports’

betting has never been easier to do. The

only person to win is the bookmaker, when did you ever see a bookmaker riding a

bicycle? Never is the answer. There are literally thousands of sites on

the Internet all dying to get their hands on your money. It is all down to maths. In reality it’s much more

complicated. You

may even manage it once but then to keep on doing it, is very unlikely.

Someone else bets £10 that Chelsea will not win.

You could win eight times out of ten then lose all your profits

on the two games Chelsea lost or drew. If Chelsea draw then I lose £10, I can only win

if Chelsea wins.

Betting Exchanges

A betting exchange is different to a usual bookmaker because you

are matching your back bet with a lay bet placed by someone else. In practice making a

book (as they call it) is almost impossible. It is these differences in the betting odds that

ensure that you will never win at sports betting.

Even if you do become successful and manage a winning streak,

the chances are that bookmakers will limit or even suspend your account and in

some cases just refuse to pay out. It

is very unlikely that you will ever get the odds needed to complete a book. Chelsea are expected to win most of their games and so the odds

for Chelsea to win are very low, whereas the odds on the other team to win and

the draw are quite high. In other words, the more successful you

become then the less you will actually win until eventually you lose any profit

that you gained.

I place a £10 bet on Chelsea to win

In

theory you can become the bookmaker by laying every outcome so that you will

make a small profit once you have paid out to the winner. Nowadays, there is a way for you to become the

bookmaker, due to the emergence of Betting Exchanges such as Betfair and

Betdaq.

That was a very simplistic example. They offer generous

incentives for you to join them with some sites offering to match your deposit

up to £200 and do you know why? It’s because they know that they will get their

money back plus most of yours.

Can you see that I am at a disadvantage from the start? If

Chelsea lose then I lose £10. A very simple example:

. The odds just don’t allow it. The exchange

takes a 5% cut from the winner of the bet READ MORE

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David E. Ramsey

David E. Ramsey

Usually, bookmakers run different policies and requirements for preparing wagers on arbitrage sports betting with abnormal results. This will naturally influence the end result of the arbitrage you are dealing with. If this describes the circumstance, it is then ideal to verify the policies maintained by the bookies before you place your wagers with them. Simply examine if the bookmakers share the same regulations for every sporting event you may be interested in.
David E. Ramsey

Before the races, go through the racing form and find every horse that is in the morning line at 10-1 or higher.

What you are trying to find out is if that horse can improve today and also if the favorite is a false favorite.

Every day, at race tracks all over the world, people are surprised when horses win races even though the horse has done it before under the same conditions. Now circle each horse that qualifies. If you have the ability to watch the pools and spot inside money it is also helpful to know if the barn is betting that longshot.

But when a longshot does win, somebody cashes tickets on that winner. Is it coming back from a long layoff? Does its form seem to have tapered off?

There is no one single formula for finding good long shot bets, but there are a few clues. Figure out why the horse you circled is now a long shot if it has indeed proven itself capable of winning a race such as today’s race. This is the single most important clue to finding a good bet on a horse going off at long odds. Since horses go in and out of form and also respond to training and equipment changes, any horse that once managed to do what is being asked of it today should be considered a threat especially when the favorite is vulnerable.

Next, look at each one of these racers and see if it has ever won at the distance, on the same surface, and at the same class level or higher. Handicapping horse races for profit and trying to make money betting on races is hard enough without going after those horses who seem so unlikely to win.

It does happen sometimes, but before you declare that person a genius, find out if he or she is ahead on his or her bets. The goal of playing the ponies is to make money, a profit. So the real secret to making money on longshots is finding a person who can spot a good longshot bet in the racing form or program and then make money from the bet.

It is amazing how many times you will find a race where the favorite has not done what is being asked of it but another horse, going off at long odds, has done it. Do you ever wonder who had the horse and if it is all the people who just play their lucky number? Does it ever occur to you that someone actually looked at the racing program and picked that horse to win for a reason?. Once you have identified horses that have proven they can win at the distance, surface, and level, find out if the horse who is the likely favorite in the race has done the same thing.

While most people would agree, after a few trips to the horse races, that long shot bets are where the money is, however, after losing money trying to win a few, most will agree they are also difficult to hit. Now comes the tricky part READ MORE

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David E. Ramsey

David E. Ramsey

Usually, bookmakers run different policies and requirements for preparing wagers on arbitrage sports betting with abnormal results. This will naturally influence the end result of the arbitrage you are dealing with. If this describes the circumstance, it is then ideal to verify the policies maintained by the bookies before you place your wagers with them. Simply examine if the bookmakers share the same regulations for every sporting event you may be interested in.
David E. Ramsey

Congratulations again!

The Top 10 Blogs for Book Lovers

Huge congratulations to the winners!

We hope these excellent blogs help you satiate your love for books!

Top 10 Blogs for Book Lovers AwardAt Story Cartel, we love books. We’re writers after all and statistics are not our forté.

If you’re a winner, post this award image on your blog sidebar, linking back to this page. We appreciate you.

Top 10 Blogs for Book Lovers AwardBook lovers, make sure to check out these amazing blogs. Spread the word, sharing the results through Facebook, Twitter, and with your book loving friends.. Then, we had our expert judges rate each blog using a complicated formula. So, thanks Scott!) You can see how the winners were chosen here.

And to all book bloggers, whether you won this year or not, thank you for spreading the love of books with others. We asked you to help us find the best blogs for book lovers by nominating your favorite book blogs. You responded with over 120 nominations.

101 Books

The Book Wheel

Arab Lit

Bookalicious Babe

Tumbling Books

Natalia Sylvester

In Which I Read Vintage Novels

Bookslut

Deliberate Reader

Living A Writing Life

We narrowed that list down to 20 book blog finalists. (Which we actually had to seek outside help on READ MORE

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David E. Ramsey

David E. Ramsey

Usually, bookmakers run different policies and requirements for preparing wagers on arbitrage sports betting with abnormal results. This will naturally influence the end result of the arbitrage you are dealing with. If this describes the circumstance, it is then ideal to verify the policies maintained by the bookies before you place your wagers with them. Simply examine if the bookmakers share the same regulations for every sporting event you may be interested in.
David E. Ramsey

“It worked for making the customer say ‘This guy does what he says he’s going to do,’” McIngvale said.

Jim “Mattress Mack” McIngvale said that he would give a full refund to customers who spent $6,000 or more at Gallery Furniture in the two weeks leading up to the game and had their orders delivered by 5pm on Sunday.

Gallery Furniture customers in Houston, Texas will see $7 million in refunds after owner Jim “Mattress Mack” McIngvale made a bet on the Broncos winning – and lost. 17.

“The accountant is pulling his hair out this morning, but the customers are happy and that’s what’s most important,” McIngvale said to ABC News.

McIngvale says while the accountant initially told him he was “crazy” for making the bet, he is confident it will pay in the long run for his business.

A Super Bowl bet has cost a Houston furniture store owner $7 million after the Seahawks defeated the Broncos.

. (Credit: KTRK/ABC News)

When the Seahawks delivered a victory on Sunday, McIngvale confirmed he would deliver on his promise with an announcement on the company’s website declaring “Customers Win $7,000,000.”

ABC affiliate KTRK first reported the story.

He said over 1,000 customers will receive on average $7,000 in refunds from the promotion. He plans to deliver the refunds during a celebratory party at the store on Feb READ MORE

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David E. Ramsey

David E. Ramsey

Usually, bookmakers run different policies and requirements for preparing wagers on arbitrage sports betting with abnormal results. This will naturally influence the end result of the arbitrage you are dealing with. If this describes the circumstance, it is then ideal to verify the policies maintained by the bookies before you place your wagers with them. Simply examine if the bookmakers share the same regulations for every sporting event you may be interested in.
David E. Ramsey

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All About Race Horse Blinkers

By: Michael Costa | Jul 2nd 2012 – If you have ever found yourself wondering, “What is the purpose of horse blinkers?” you are definitely not alone.

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