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Think about it for a second. Depending on the board, there are actually 37 or 38 spots on the wheel — 36 numbers plus 0 and That means any one of those bets could lose and the even money line is not actually a fair representation of the true odds. Playing this even money method would be a losing proposition over the long term which is why you should always be sure the potential return exceeds the risk involved.
Our weekly newsletter is loaded with exclusive free picks,insight and advice from our expert handicappers. How Does Sports Betting Work? Exacta Box? Since nobody, most probably, has done such a thing, who could be so sure as to reject a simple betting system like that? The player buys a betting system online and simply follow the tips suggested by the system.
Therefore, this betting system could not possibly be something so simple, like the system mentioned before, could it? For sure, the predictions must derive from a huge database with endless lines and columns in a spreadsheet. Their only goal: to update the database with the latest news.
There comes a time though, that you need to build your own betting system. Less is more! Sign in. Log into your account. Password recovery. Wednesday, February 10, Blog Write for Us! Advertising Links Contact. Forgot your password? Get help. Slippage in Sports Trading: What it means and why you should….
And believe it or not, that criterion can also be… random!
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Find out more about horse racing refunds here. Among the most popular horse racing systems that you have heard of it is likely that you are aware of horse racing tips. These are suggestions that are handed out to punters by professional tipsters with strong track records. They may base their tips on inside knowledge or simply on having a long, successful career in identifying the best bets in any particular race. Of course, it is also worth pointing out that there are some scams in this industry for you to be aware of and avoid.
Ideally, you will use a trial period offer to give one of these sites a try before you give them any of your money for a subscription. Some of these services are also free to join up to, although you should still be aware of the dangers of giving your email address to a scamming site. If you start to use a good, reliable horse racing tips service then it should turn out to be a very profitable move.
Even if you are paying out for the tips you receive then you will still end up in the black if you get solid advice and act on it. Generally speaking, once you sign up for one of these services then you will receive daily tips sent to your email inbox. A couple of the reputable sites that are worth giving a try are Betting Gods and Betfan.
While we have looked at fairly easy horse racing systems so far, there are also more advanced strategies that you might be interested in trying out too. A good example of this comes with the way that the Betfair horse betting exchange allows you to trade. There are a number of different ways of doing this to try and ensure a healthy win.
An example of when this could be useful is when you place a bet but then the conditions change due to heavy rain or some other external factor. In this way, you will lower the risk of losing money and give yourself an extra chance of winning instead. Indeed, in some cases you may be able to guarantee that you win something no matter what happens in the race.
There are a few different ways of using this horse betting strategy to try and increase your chances of winning. For example, you might want to focus on the short priced favourites in each race, as this is where most bets are placed and therefore where there are typically good possibilities for taking advantage of significant changes in the odds.
It is also possible to place a bet before the race starts and then use in-race betting to carry out your trading as the runners progress. Certainly, this is a very exciting way to bet and it can also give you great results if you are capable of thinking on your feet as the action heats up.
Trading is another of those horse racing systems in which you need to find out all of the relevant information in order to make a good decision. There is simply no way to start betting in this way without first of all learning all of the details that you need to know.
Naturally, there are likely to be many other people out there who are also looking for exceptional trading opportunities, so you will want to move swiftly and decisively once you have found a deal that suits you. Another of the more advanced horse racing systems, dobbing is actually very similar to trading.
Essentially, you will double your stake on the lay part of the bet, helping you to avoid potentially heavy losses by turning any runner into an even money bet. One of the keys in this strategy is to choose the right horse. For example, there are some horses that have a reputation for being traded at substantially lower or higher prices in-play. You will be interested in those who prices drop once the action starts.
In some cases, a horse may be well-known for regularly running well in races but not ever actually winning. To help you out, you will find dobbing cards and useful statistics at sites such as Patternform, to help you to work out how best to carry out this betting strategy.
Therefore, you want to start off betting at the starting price and then look to lay it off at half of this price or, ideally, lower. The chance of dobbing on a horse increases when he reaches the front and stays in the leading position. In fact, you will probably find that the ideal method is to take both of these factors into account. It is a difficult horse betting strategy to work with but it can bring big rewards as well as being thrilling to carry out.
As you can see, there are a few different way of betting on horses that can lead to the sweet smell of success for you and disappointment for the bookies. So, how do you work out which of these tried and trusted betting methods is right for you?
Well, if you are a newcomer to betting on horse racing then you may want to go for one of the simpler approaches. Using software to carry out the Each Way Sniper strategy is clearly a smart approach too if you are new to horse racing and want to give yourself a helping hand. This lets you lower the risk of your bets while maximising the potential for more frequent wins. You will need to dedicate some time to doing the research but it is something that anyone can try out.
The refunds offered by bookies for certain outcomes such as your horse coming in second is also suitable for newcomers. However, in this case it is important to not get blinded by the prospect of a free bet, as you still need to use this option wisely and choose the right approach. Moving on to the most complex horse racing systems, trading is a fairly involved process that needs you to be alert and to take advantage of changing markets and prices. Being able to crunch numbers and think quickly are arguably more important in this betting strategy than having an encyclopaedic knowledge of the runners, although you will expect to learn which horses to look out for over time.
Except as noted, all of these bets lose if a zero comes up. The initial bet is returned in addition to the mentioned payout. It can be easily demonstrated that this payout formula would lead to a zero expected value of profit if there were only 36 numbers. Having 37 or more numbers gives the casino its edge. The values 0 and 00 are not odd or even, or high or low. En prison rules, when used, reduce the house advantage. The house average or house edge or house advantage also called the expected value is the amount the player loses relative for any bet made, on average.
The expected value is:. The presence of the green squares on the roulette wheel and on the table is technically the only house edge. Outside bets will always lose when a single or double zero comes up. The only exceptions are the five numbers bet where the house edge is considerably higher 7. This is commonly called the "la partage" rule, and it is considered the main difference between European and French roulette. There is also a modification of this rule, which is called the " en prison " rule.
These rules cut the house edge into half 1. The house edge should not be confused with the "hold". The hold is the average percentage of the money originally brought to the table that the player loses before he leaves—the actual "win" amount for the casino. This reflects the fact that the player is churning the same money over and over again. In the early frontier gambling saloons, the house would set the odds on roulette tables at 27 for 1.
Today most casino odds are set by law, and they have to be either 34 to 1 or 35 to 1. As an example, we can examine the European roulette model, that is, roulette with only one zero. The rules of European roulette have 10 types of bets. First we can examine the 'Straight Up' bet. For similar reasons it is simple to see that the profitability is also equal for all remaining types of bets.
In reality this means that, the more bets a player makes, the more he is going to lose independent of the strategies combinations of bet types or size of bets that he employs:. Here, the profit margin for the roulette owner is equal to approximately 2. Nevertheless, several roulette strategy systems have been developed despite the losing odds. These systems can not change the odds of the game in favor of the player. Although most often named "call bets" technically these bets are more accurately referred to as "announced bets".
The legal distinction between a "call bet" and an "announced bet" is that a "call bet" is a bet called by the player without him placing any money on the table to cover the cost of the bet. In many jurisdictions most notably the United Kingdom this is considered gambling on credit and is illegal. An "announced bet" is a bet called by the player for which he immediately places enough money to cover the amount of the bet on the table, prior to the outcome of the spin or hand in progress being known.
There are different number series in roulette that have special names attached to them. Most commonly these bets are known as "the French bets" and each covers a section of the wheel. For the sake of accuracy, zero spiel, although explained below, is not a French bet, it is more accurately "the German bet".
Players at a table may bet a set amount per series or multiples of that amount. The series are based on the way certain numbers lie next to each other on the roulette wheel. Not all casinos offer these bets, and some may offer additional bets or variations on these. The series is on a single-zero wheel. Nine chips or multiples thereof are bet. Two chips are placed on the trio; one on the split; one on ; one on ; one on ; two on the corner; and one on Zero game, also known as zero spiel Spiel is German for game or play , is the name for the numbers closest to zero.
All numbers in the zero game are included in the voisins, but are placed differently. The numbers bet on are The bet consists of four chips or multiples thereof. Three chips are bet on splits and one chip straight-up: one chip on split, one on split, one on split and one straight-up on number This type of bet is popular in Germany and many European casinos.
It is also offered as a 5-chip bet in many Eastern European casinos. As a 5-chip bet, it is known as "zero spiel naca" and includes, in addition to the chips placed as noted above, a straight-up on number This is the name for the 12 numbers that lie on the opposite side of the wheel between 27 and 33, including 27 and 33 themselves. On a single-zero wheel, the series is Very popular in British casinos, tiers bets outnumber voisins and orphelins bets by a massive margin.
Six chips or multiples thereof are bet. One chip is placed on each of the following splits: , , , , , and The tiers bet is also called the "small series" and in some casinos most notably in South Africa "series ". A variant known as "tiers " has an additional chip placed straight up on 5, 8, 10, and 11m and so is a piece bet. In some places the variant is called "gioco Ferrari" with a straight up on 8, 11, 23 and 30, the bet is marked with a red G on the racetrack. These numbers make up the two slices of the wheel outside the tiers and voisins.
They contain a total of 8 numbers, comprising and Five chips or multiples thereof are bet on four splits and a straight-up: one chip is placed straight-up on 1 and one chip on each of the splits: , , , and A number may be backed along with the two numbers on the either side of it in a 5-chip bet. For example, "0 and the neighbors" is a 5-chip bet with one piece straight-up on 3, 26, 0, 32, and Neighbors bets are often put on in combinations, for example "1, 9, 14, and the neighbors" is a chip bet covering 18, 22, 33, 16 with one chip, 9, 31, 20, 1 with two chips and 14 with three chips.
Any of the above bets may be combined, e. The " Final 4, for example, is a 4-chip bet and consists of one chip placed on each of the numbers ending in 4, that is 4, 14, 24, and Final 7 is a 3-chip bet, one chip each on 7, 17, and Final bets from final 0 zero to final 6 cost four chips. Final bets 7, 8 and 9 cost three chips. Some casinos also offer split-final bets, for example final would be a 4-chip bet, one chip each on the splits , , , and one on A complete bet places all of the inside bets on a certain number.
Full complete bets are most often bet by high rollers as maximum bets. The maximum amount allowed to be wagered on a single bet in European roulette is based on a progressive betting model. For instance, if a patron wished to place a full complete bet on 17, the player would call "17 to the maximum".
To manually place the same wager, the player would need to bet:. The player calls his bet to the croupier most often after the ball has been spun and places enough chips to cover the bet on the table within reach of the croupier. The croupier will immediately announce the bet repeat what the player has just said , ensure that the correct monetary amount has been given while simultaneously placing a matching marker on the number on the table and the amount wagered.
The player's wagered 40 chips, as with all winning bets in roulette, are still his property and in the absence of a request to the contrary are left up to possibly win again on the next spin. Based on the location of the numbers on the layout, the number of chips required to "complete" a number can be determined.
Most typically Mayfair casinos in London and other top-class European casinos with these maximum or full complete bets, nothing except the aforementioned maximum button is ever placed on the layout even in the case of a win. Experienced gaming staff, and the type of customers playing such bets, are fully aware of the payouts and so the croupier simply makes up the correct payout, announces its value to the table inspector floor person in the U.
Also typically at this level of play house rules allowing the experienced croupier caters to the needs of the customer and will most often add the customer's winning bet to the payout, as the type of player playing these bets very rarely bets the same number two spins in succession. There are also several methods to determine the payout when a number adjacent to a chosen number is the winner, for example, player bets 40 chips on "23 to the maximum" and number 26 is the winning number.
The most notable method is known as the "station" system or method. When paying in stations, the dealer counts the number of ways or stations that the winning number hits the complete bet. In the example above, 26 hits 4 stations - 2 different corners, 1 split and 1 six-line.
If calculated as stations, they would just multiply 4 by 36, making with the players bet down. Over the years, many people have tried to beat the casino, and turn roulette—a game designed to turn a profit for the house—into one on which the player expects to win. Most of the time this comes down to the use of betting systems, strategies which say that the house edge can be beaten by simply employing a special pattern of bets, often relying on the " Gambler's fallacy ", the idea that past results are any guide to the future for example, if a roulette wheel has come up 10 times in a row on red, that red on the next spin is any more or less likely than if the last spin was black.
All betting systems that rely on patterns, when employed on casino edge games will result, on average, in the player losing money. Certain systems, such as the Martingale, described below, are extremely risky, because the worst-case scenario which is mathematically certain to happen, at some point may see the player chasing losses with ever-bigger bets until he runs out of money.
The American mathematician Patrick Billingsley said  that no betting system can convert a subfair game into a profitable enterprise. At least in the s, some professional gamblers were able to consistently gain an edge in roulette by seeking out rigged wheels not difficult to find at that time and betting opposite the largest bets.
Whereas betting systems are essentially an attempt to beat the fact that a geometric series with initial value of 0. These schemes work by determining that the ball is more likely to fall at certain numbers. Edward O. Thorp the developer of card counting and an early hedge-fund pioneer and Claude Shannon a mathematician and electronic engineer best known for his contributions to information theory built the first wearable computer to predict the landing of the ball in This system worked by timing the ball and wheel, and using the information obtained to calculate the most likely octant where the ball would fall.
Ironically, this technique works best with an unbiased wheel though it could still be countered quite easily by simply closing the table for betting before beginning the spin. In , several casinos in Britain began to lose large sums of money at their roulette tables to teams of gamblers from the USA.
Upon investigation by the police, it was discovered they were using a legal system of biased wheel-section betting. As a result of this, the British roulette wheel manufacturer John Huxley manufactured a roulette wheel to counteract the problem. The new wheel, designed by George Melas, was called "low profile" because the pockets had been drastically reduced in depth, and various other design modifications caused the ball to descend in a gradual approach to the pocket area.
Thomas Bass , in his book The Eudaemonic Pie published as The Newtonian Casino in Britain , has claimed to be able to predict wheel performance in real time. The book describes the exploits of a group of University of California Santa Cruz students, who called themselves the Eudaemons , who in the late s used computers in their shoes to win at roulette. This is an updated and improved version of Edward O. Thorp 's approach, where Newtonian Laws of Motion are applied to track the roulette ball's deceleration; hence the British title.
In the early s, Gonzalo Garcia-Pelayo believed that casino roulette wheels were not perfectly random , and that by recording the results and analysing them with a computer, he could gain an edge on the house by predicting that certain numbers were more likely to occur next than the 1-in odds offered by the house suggested. This he did at the Casino de Madrid in Madrid , Spain , winning , euros in a single day, and one million euros in total.
Legal action against him by the casino was unsuccessful, it being ruled that the casino should fix its wheel.
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