So what causes RLM when the aim of most sportsbooks is to get as close to balanced action on both sides as possible? The answer to this is quite simple: the sharp bettors; the one’s who give sports betting advice. Note that these records are for sides only and do not include totals.
The NFL sports betting is generally considered the toughest sport to beat, yet blindly following this method produced an exceptional 59.2 percent win rate last season, improving the two year record to 328-249-12, 56.8 percent, +59.06 units. Carib ruled the roost season at 93-66-9, 58.5 percent, +18.55 units after ABC held the penthouse spot in the 2007-08 season.
By: Manny G
The proper way to make a sports bet using reverse line movement is to place your bet as soon as there is an RLM of one full point (or 10 cents in MLB and NHL) off of the opening line. Last year was a good RLM season for NFL sports betting (45-29, 60.8 percent, +11.91), but two sportsbooks that were in the top five in NFL RLM in both seasons.
NBA sports betting has the lowest two-year five-book RLM winning percentage among the 11/10 sports, but then again, every gambler in the world would kill to go 382-301-9, 55.9 percent, +48.90 units, and the 57.5 percent win rate this past season is nothing to sneeze at. The records quoted below are based on the bets being made at the triggering books, so beating the move by a half-point or a few cents now and then would actually make your record even better.
Also, games where over 60 percent of the public are on one side, yet there is reverse line movement of at least 10 cents on the Money Line from the opening number at the top five sportsbooks in MLB and NHL sports betting has also been profitable. RLM takes place when more money/ sportsbook picks are bet by the small percentage of bettors that are on the unpopular side (the sharps) than is bet by the huge majority of players betting the popular side (the squares). The huge problem with this is that the nfl line, ncaaf line or nhl line may have moved too much by that time, and all of the value has been sucked out of the unpopular side.
Now do the sharps win every single time? Absolutely not! However, they are right more often than they are wrong, so being on the same side as the sharps is a prudent strategy over the long run, and again, the best thing is that there in absolutely no conventional sports handicapping necessary..
So what exactly is reverse line movement? RLM takes place when a large majority of bets are on one team, yet the line moves in the opposite direction. Quite a few RLM followers watch the moves until almost game time, and then bet accordingly. Another important recommendation is to use a slow moving (but reliable) sportsbook. However, instead of the line rising as you might expect, it instead drops to Chargers -6. Keep a close eye on Canbet here, as that Australian sportsbook cracked the top five both years.
The highest two-year winning percentage using RLM from the top five books belongs to College Football, which went 480-341-10, 58.5 percent, +95.10 units. To back this up, our friends over at Prosportsonline.net have tracked the records for games where over 60 percent of the public has been on one side, yet there was reverse line movement of at least one full point from the opening number at the top sportsbooks in NFL, NCAAF, NBA and NCAAB. To illustrate, let us say that San Diego Chargers open at -7 over the Miami Dolohins, and over 70 percent of the sports bets placed on the game are on San Diego. Keep in mind that NCAAB was the most liquid sport in terms of top-five sportbooks however, with not a single sportsbook making the top five both years. All of this will be fun to follow (not to mention profitable) when every sport except baseball are going on simultaneously during the winter months.
. It should be noted that many fewer MLB games have qualified so far this season (is the whole world using RLM now?), but smaller profits is still profit.Again, these records are for Money Lines only and do not include totals.Finally, NHL sports betting has picked up 148.49 units in two years, and unlike MLB, NHL had four sportsbooks out of the top five gain double-digit units this past season. This is where an important word of caution is in order though. Keep an eyes on the top five sportsbooks at Sports Insights though, as NCAAF sports betting has been very liquid in that regard, with only one sportsbook (believe it or not, Bodog) finishing in the top five both years.
College Basketball sports betting was not too shabby either, with a two-year mark of 492-356-22, 58.0 percent, +91.96 units.
So what we recommend is to only use the top five each season for each individual sport (in terms of units won). We tracked the top five books for each of the pointspread sports for the last two years, as as you can see, this strategy has been profitable in every sport. This may enable you to get the stale more favorable sports betting line at the time the reverse line movement hits at the triggering Sportsbook. Furthermore, they list the RLM records for many individual sportsbook, making it easy to spot which books this system is working at and which books it may be best to ignore.
Thus, following reverse line movements is the same thing a following the smart money. Sure, using this approach leaves open the possibility of the line turning around and moving back against you, but as you will see in bit, betting as soon as an RLM qualifies has been profitable in every major North American sport such as the last two seasons, so if one line turns around, so be it
There are countless books and online sites detailing game rules, strategies, etc., and it is suggested the player take advantage of these before attempting to play for money.
- Jacks or Better (most popular)
. The shooter is a winner if point is made on follow up rolls. Shooter must roll a seven or eleven on the come-out, or first roll to win or establish a point. The following is an overview of some of the more popular online games, both multi-player and single player, and is not intended to be a tutorial. The slot machine’s reels are lined up on what is known as a payline. Blackjack is played against the house, and not other players.
As you would expect, games of pure chance, with no skills required by the player offer terrible odds. Slots are composed of spinning reels with an assortment of symbols on each reel. Among the many sub-categories of betting on roulette are: betting on which color the ball will land, betting on any one of the three columns on the roulette table, or betting on a specific set of twelve numbers.
Played against the casino’s software and not against other players.
- Joker’s Wild
Poker entails examining your hand and guessing what your opponents have. Bets are based upon which slot the ball will land when the wheel stops spinning. Among the most popular poker games to play online are:
The total value of two dealt cards must not exceed nine. If the symbols are not aligned in a winning combination, you lose.
- Deuces Wild
- Caribbean Poker
Also known as “twenty-one” as the cumulative total of the face value of the cards cannot exceed twenty one to win. In poker you are playing against other players, and not against the house. Bingo!
Slots are the most popular of the no skills required online casino games, and is a veritable cash cow for the casinos, with the odds firmly stacked in favor of the house. If a seven is rolled before point is made, the shooter loses. Face cards are valued at ten and aces at one or eleven at the players option. A two, three or twelve is an automatic loser on the come-out roll.
Online casinos offer a multitude of gambling game options designed to appeal to the adventurous or the conservative player. Keno is one of those games, and is really the casino version of a lottery draw. In Keno a computer randomly selects numbers from a group of eighty and the player must guess which group will be chosen.
- Texas Hold ‘Em (by far the most popular)
<< Back to “Recreation And Sports” Index
Online Gambling – The Games
by: Kenneth Bateman
A small, marble-like ball is placed into a spinning wheel that has red and black numbered slots. Low house edge is of advantage to the player.
This article was posted on September 05, 2006
Literally thousands of betting options. The hand with the total value closest to nine wins. The right combination of symbols must be aligned with the payline in order to win. – Seven Card Stud
At the end of the month, the 55-percent handicapper would have gone 83-67 for a gain of 9.3 units, while the 60-percent handicapper would have gone 18-12 for a profit of 4.8 units, so the 55-percent handicapper has made nearly twice as much.
Making it more difficult for sports bettors is that some sports services will claim to have won 200 units in a particular sport, but don’t mention that they release 10- or 20-unit plays, along with several 100-unit “locks” at the end of the year if things aren’t going so well and they need something to base next year’s advertising on.
The 55-percent handicapper is using what is commonly referred to as the Wal-Mart Approach, which is to have a lot of volume with the expectation of grinding out a small profit. For the bettors that do their own handicapping, however, units won is really the only thing you should be concerned with, as that ultimately is going to translate into the bottom line. In the question above, it would be much better to be a 55-percent handicapper if you were playing 150 games a month, as opposed to a 60-percent handicapper playing one game a day. And as is the case with the Arkansas-based giant, many times this will be more profitable than being extremely selective and doing a small amount of volume, even if the mark-up is higher.
With baseball season coming back in about 4 months, many sports gamblers will be seeing ads from different sports services claiming winning percentages of 65-percent for baseball, and that’s entirely possibly, but what the services aren’t saying is that the majority of their selections were favorites of -200 or more, turning that 65-percent handicapping into a losing proposition.. A winning percentage of 55-percent sure doesn’t sound as sexy as a 60-percent handicapper, but if your volume of plays is high enough, it can certainly be much more profitable.
If somebody were to ask you if you would rather be a 60-percent handicapper or a 55-percent handicapper, which would you choose? The obvious answer is that it’s better to be a 60-percent handicapper, but that isn’t necessarily true.
The only statistic that sports bettors should be concerned with is units won, which is the amount of profit, or loss, they have over time, and not worry nearly as much about winning percentage
Here is a list of my Top 10 sports introduction theme songs and off to the right, you can listen to each of the introduction sports theme songs. As of 2006, ESPN owns the broadcast
rights to show Monday Night Football, but ABC’s MNF theme song lives on. My preference for the March Madness song is from the 1990s compared.
2) CBC – Hockey Night in Canada (HNIC) – NHL on CBC
The opening intro for Canada’s CTV network for the Winter Olympics 2010 in Vancouver, BC Canada based on the Nikki Yanovsky song “I Believe”.
When I hear the introduction theme song for ESPN’s Sunday Night Baseball, it makes me think of the ESPN’s long time play-by-play announcer Jon Miller saying Sunday Night Baseball presented by Taco Bell. 7) FOX – NFL on FOX
This was the theme song for the NBA in the 1980s in the era of the dominated by the Los Angeles Lakers and Boston Celtics. Luckily, TSN saved the day for many Canadians as they decided to pay the royalties and is using it for their introduction to NHL Hockey on TSN.
8) NBC – Wimbledon Tennis on NBC
6) CBS – March Madness – NCAA Basketball on CBS
1) CTV – 2010 Olympics on CTV. The chosen MNF theme song for the Top 10 Sports Intro Theme Songs is based in on the song played in1989. This song reminded me about the days of watching Julius Erving (Dr J), Larry Bird, and Magic Johnson play in the NBA.
This was the catchy intro theme song that FOX uses to broadcast NFL football and debuted in the early 90′s after they won the broadcast rights to show NFL games in the National Football Conference (NFC). There are several versions of the Wimbledon that were considered such as the BBC version and the ESPN version, but I ultimately chose this one to be the best of the bunch. So depending on your tastes, you may like the current version better.
This is introduction theme song for Wimbledon Tennis on NBC. This intro theme song was played in the era dominated by the Michael Jordan’s Chicago Bulls and their six NBA Championships.
This is part of Canadian pop culture listening to the intro to Hockey Night in Canada from CBC.
This article lists the Top 10 intro sports theme songs. The current version of the intro song is similar to the one played in the 90′s with some minor modifications. CBC decided not to use this song for its introduction to Hockey Night in Canada back in 2007 due to not wanting to pay for the royalty fees for using the song.
9) ESPN – Sunday Night Baseball on ESPN
This intro theme song was introduced after NBC picked the rights to broadcast NBA games in the 1990s.
4) CBS – NBA on CBS
3) ABC – Monday Night Football (MNF) – MNF on ABC
The catchy upbeat intro theme song for broadcasting Major League Baseball on FOX which debuted in 1996 as FOX took over the rights to show baseball from CBS.
This intro song by CBS was played for the NCAA Men’s College Basketball in the early 90′s. Some of these intro theme songs are part of the pop culture in their respective sports such as CBC’s Hockey Night in Canada theme song and ABC’s Monday Night Football.
10) FOX – Major League Baseball (MLB) on FOX
Monday Night Football has been the staple of primetime television since
its inception in the early 70′s. The instrumental introduction theme song was played during the 16 days of the Winter Olympics 2010 and most likely be part of the next Olympic Winter games. When many Canadian hockey fans had heard of this bad news, there was a public outcry to save the Hockey Night in Canada theme song as this song represented what hockey meant to Canada
^ “About PlayNow.com”. BBC. Barney Frank (D-MA) introduced HR 2046, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act, which would modify UIGEA by providing a provision for licensing of Internet gambling facilities by the Director of the Financial Crimes Enforcement Network. The Globe and Mail. Retrieved 22 March 2012.
^ United States General Accounting Office–”Internet Gambling: An Overview of the Issues”, December 2002, p. CSCW ’04 Proceedings of the 2004 ACM conference on Computer supported cooperative work, New York, 2004. copyrights and patents and a punitive measure. v. “had done nothing to abide by an earlier verdict that labeled some U.S. While as noted above, a United States Appeals court has stated that the Wire Act does not apply to non-sports betting, the Supreme Court of the United States previously refused to hear an appeal of the conviction of Jay Cohen, where lower courts held that the Wire Act does make it illegal to own a sports betting operation that offers such betting to United States citizens.
Double or nothing
Advanced Deposit Wagering
In August 2014 the National Council of Problem Gambling (NCPG) partnered with the Gambling Interity Services (GIS). Retrieved 2011-11-26.
^ Richtel, Matt (2009-06-09). The bill was rewritten in the early 2000s to include the Internet in closed-circuit websites such as Betfair, as compared to simply phones or other forms of communication.
It has also been alleged that the largely unsupervised electronic funds transfers inherent in online gambling are being exploited by criminal interests to launder large amounts of money. However, according to a US GAO study, “Banking and gaming regulatory officials did not view Internet gambling as being particularly susceptible to money laundering, especially when credit cards, which create a transaction record and are subject to relatively low transaction limits, were used for payment. Retrieved November 1, 2006.
^ “NCPG Launches Responsible Gaming Compliance Program for Internet Gaming Websites – NCPG”. Retrieved 4 April 2014.
^ “Manhattan U.S. Significantly, the 2010 prevalence survey notes that whilst the overall gambling figure had increased, the prevalence among men at 75% was not dissimilar to the amounts in two previous surveys in 1999 and 2007 which were 76% and 71% respectively. 2007-06-20. Retrieved 2011-11-26.
^ Ryan, Cy. 26 September 2014. Usually the wager is in the form of money.
Main article: Mobile gambling
The money for online gambling can come from credit card, electronic check, certified check, money order, wire transfer, or Bitcoin. The District Court invalidated this order. In 2006, the NTRA and various religious organizations lobbied in support of an act in Congress meant to limit online gambling. Most private online lotteries have stopped trading as governments have passed new laws giving themselves and their own lotteries greater protection. Critics of the bill argued that the exemption of horse racing wagering was an unfair loophole. maplecasino. 2267) where experts in the fields of online security and consumer safety testified that a regulatory framework for Internet gambling would protect consumers and ensure the integrity of Internet gambling financial transactions. Cigionline.org. Retrieved 21 March 2012.
^ “Online Wagering Under Attack in Congress”. Retrieved 2011-11-26.
^ Pfanner, Eric (2008-01-05). Casinoadvisor. At the UIGEA bill-signing ceremony, Bush did not mention the Internet gambling measure, which was supported by the National Football League but opposed by banking groups.
Main article: Problem gambling
Horse wagering using online methods across state lines is legal in several states in the United States. The passed bill only addressed banking issues. In contrast to ADW, credit shops allow wagers without advance funding; accounts are settled at month-end. “Web’s Poker Winners Face Delays in Collecting”. The Caribbean country won the preliminary ruling but WTO’s appeals body somewhat narrowed that favorable ruling in April 2005. laws that prohibit the acceptance of any financial instrument in connection with unlawful Internet gambling, that is, Internet gambling that involves a “bet or wager” that is illegal under the laws of the state where the bet is made. The indictment alleges that the companies used fraudulent methods to evade this law, for example, by disguising online gambling payments as purchases of merchandise, and by investing money in a local bank in return for the bank’s willingness to process online poker transactions. The companies argue that poker is a game of skill rather than a game of chance, and therefore, online poker is not unlawful Internet gambling. Men were more likely than women (29-14%) and liberals more likely than conservatives (27-18%) to approve of changing the law to allow online betting. In May 2012, FDU’s PublicMind conducted a follow up study which asked voters if they favored or opposed online gaming/gambling and “allowing New Jersey casinos to run betting games online, over the Internet.” The results showed that (31%) of voters favored while a sizable majority (58%) opposed the idea. 2011-10-14. Antigua has met British regulatory standards and has been added to the UK’s “white list”, which allows licensed Antiguan companies to advertise in the UK.
The national government, which licenses Internet gambling entities, made a complaint to the World Trade Organization about the U.S. Other operators such as PokerStars, Full Tilt Poker, Bodog, and World Sports Exchange announced their intention to continue serving customers in the U.S.
Main article: Gambling in Australia
By 2001, the estimated number of people who had participated in online gambling rose to 8 million and growth would continue, despite the legislation and the lawsuit challenges which would continue to be received by online gambling.
On 28 June 2001 the Australian Government passed the Interactive Gambling Act 2001 (IGA). In December 2005, the Attorney General ordered all online gambling operations, online backgammon included, to close their businesses and at the same time commanded credit card companies to cease cooperating with online gambling websites. In May 2007, the Attorney General had excluded the online backgammon website Play65 from the ruling, due to “the unique circumstances of the site’s activity”, allowing it to return to full activity in Israel.
“Don’t live a little, live a Lotto”
Horse racing betting
A study released by the University of Buffalo in November 2014 states that the explosion of online gambling in the United States in the past decade has not given rise to more people with gambling problems.
Various forms of online gambling are legal and regulated in many countries, including some provinces in Canada, most members of the European Union and several nations in and around the Caribbean Sea.
In 2002 Camelot decided to rebrand the National Lottery main draw after falling ticket sales. “House Panel Passes Measure to Legalize Some Internet Gambling”. Since then attitudes to gambling have changed and the law has failed to keep pace with rapid technological change. Retrieved 2011-11-26.
^ a b Coates, S. Lack of trust in payment systems and security are primary reasons for avoiding online gambling. In an online survey of 10,838 online casino and poker players from over 96 countries, respondents reported a high level of mistrust of online gambling. Journal of Business Research (63). Players interact with other players through GUIs, which connect to the gambling site’s server in a non-transparent manner. Players’ attitudes towards sites plays an import role in online purchases and customer loyalty. The appeals decision held that various state laws argued by Antigua and Barbuda to be contrary to the WTO agreements were not sufficiently discussed during the course of the proceedings to be properly assessed by the panel. This was the first time people could gamble, chat and interact with each other in an interactive online environment.
“Our gambling laws date back to the 1960s. To ascertain the position of Indian government, the Supreme Court of India sought the opinion of central government in this regard but the same was declined by the central government. This has made playing of online cards games like rummy, poker, etc. Federalreserve.gov. Attorney for $731 million without legally admitting guilt. Retrieved 2011-11-26.
^ “Agencies Issue Final Rule to Implement Unlawful Internet Gambling Enforcement Act”. The government also asked the judge to approve a settlement with the third defendant, Absolute Poker.
In July 2006, David Carruthers, the CEO of BetonSports, a company publicly traded on the London Stock Exchange, was detained in Texas while changing planes on his way from London to Costa Rica. He and ten other individuals had been previously charged in a sealed indictment with violations of US federal laws relating to illegal gambling. “Betting laws of India”.
^ Supreme Court Seeks Centre’s Response On Online Rummy And Card Games In India
^ “Centre: Let SC decide if rummy, poker are gambling”. Jeff Ifrah, the lawyer for one of the account management companies affected, said that the government “has never seized an account that belongs to players who are engaged in what [Ifrah] would contend is a lawful act of playing peer-to-peer poker online.”
List of casinos
In April 2007, Rep. Infoworld. The IGA makes it an offence to provide an interactive gambling service to a customer physically present in Australia, but it is not an offence for Australian residents to play poker or casino games online. Law.themarker.com. Also, there were 291 remote gambling activity licences held by 225 operators at this date. “The History and State of Online Gambling in Canada”. The government said that the IGA was important to protect Australians from the harmful effects of gambling. doi:10.4309/jgi.2008.21.8.
^ Parliamentary Joint Select Committee on Gambling Reform (2011). Approximately half of the respondents had only participated in National Lottery products. 336), three online poker companies were indicted for violating U.S. Retrieved 2011-11-26.
^ Simon Bowers and agencies (2006-07-18). 5 November 2014. Retrieved 2011-11-26.
^ “Reuters: WTO confirms U.S. Scheinberg, a federal criminal case against the founders of the three largest online poker companies, PokerStars, Full Tilt Poker and Cereus Poker Network (Absolute Poker/Ultimatebet), and a handful of their associates, which alleges that the defendants violated the Unlawful Internet Gambling Enforcement Act and engaged in bank fraud and money laundering in order to process transfers to and from their customers.
In 2004, the British Columbia Lottery Corporation launched Canada’s first legal online casino, PlayNow.com, which makes legal online gambling available to residents of British Columbia and Manitoba. A survey conducted in 2007 showed that only about 2.3% of Canadians reported participating in online gambling. However, in 2012, Manitoba Lotteries Minister Steve Ashton estimated that gamblers in Manitoba alone were spending $37 million a year at illegal online casinos.Quebec’s lottery organization Loto-Quebec launched a similar service, known as Espacejeux.
Online bingo is the game of bingo (US|non-US) played on the Internet.
2.6 Horse racing betting
2.7 Mobile gambling
2.8 In-play gambling
2.9 Advance-deposit wagering
The Bill identified updates to the laws already in place in the UK, and also created the UK Gambling Commission to take over from the Gambling Board. Bush. Government-controlled lotteries now offer their games online.
UK National Lottery
Gambling has become one of the most popular and lucrative businesses present on the Internet. This is the first time money was seized from individual players as compared to the gaming company. The GIS will evaluate these recently regulated internet gambling operators in order to ensure they comply with NCPG’s internet Responsible Gambling Standards.
The United States Court of Appeals for the Fifth Circuit ruled in November 2002 that the Federal Wire Act prohibits electronic transmission of information for sports betting across telecommunications lines but affirmed a lower court ruling that the Wire Act “‘in plain language’ does not prohibit Internet gambling on a game of chance.” But the federal Department of Justice continues, publicly, to take the position that the Wire Act covers all forms of gambling.
“Gambling in which persons participate by the use of remote communication”
Gaming control board
On November 22, 2010, the New Jersey state Senate became the first such US body to pass a bill (S490) expressly legalizing certain forms of online gambling. 370-73.
^ Mccole, Patrick (2010). residents.
The Internet has made way for new types of gambling to form online. NYTimes. Uk.reuters.com. Wto.org. Retrieved 2016-07-14.
^ Kollewe, Julia (2006-09-30). The New York Times. The Supreme Court dismissed an appeal in 2013, finding that the police do not have legal authority to issue such orders. Retrieved 13 April 2016.
^ Jackson, Charlotte. These include limiting amounts that can be bet or deposited over a designated period of time, self-assessment tests for gambling problems, and warning signs of prolonged pay or high expenditure. RGFs are usually opt in features for players and are required by certain jursidictions. The Bill set out its licensing objectives, which are as follows:
Online poker tables commonly offer Texas hold ‘em, Omaha, Seven-card stud, razz, HORSE and other game types in both tournament and Cash game structures. 20 November 2003. 37, PDF file
^ a b c d Gainsbury, S., Park, J., Suhonen, N. Firstamendment.com. The Straits Times. Retrieved 2011-11-26.
^ “Avast, me hearties! Antigua to legally pirate US copyrighted works”. “Online Poker Legislation – The SAFE Port Act and UIGEA of 2006May 29, 2012 10:56 AM”.
^ “Bush signs port security bill”. Jeffrey (2008-11-13). N.J. In stark contrast to the USA, sports betting online is also completely legal in Australia, with many state government licensed sportsbooks in operation, such as Centrebet, Sportingbet & Betfair.
In 2014, the Singapore parliament tabled the Remote Gambling Bill as a counter-measure against online gambling locally, while parliamentary member Denise Phua spoke against legalised gambling in Singapore.
In 2008, H2 Gambling Capital estimates worldwide online gambling revenue at $21 billion.
Pai gow poker
This would be using the internet, the telephone, radio, television of any other device used for communication. Retrieved 2011-11-26.
^ Smith, R. Retrieved 8 October 2014.
^ In Re:MasterCard, US Fifth Circuit Court of Appeals (pdf), November 20, 2002
^ “In Re: MasterCard, United States District Court Eastern District of Louisiana ruling”. Any operator must have a separate licence for remote gambling and non-remote gambling. Bloomberg.com. “Gambling and the Law: A Law Professor Looks at Poker’s Black Friday”. Retrieved 2011-11-26.
^ (Russian) Russian federal law “On state regulation of organization and management of gambling and changes to related legislation”, December 29, 2006 , ch.5
^ Lim, Yan Liang (9 September 2014). US District Court of Missiourie. Retrieved 2011-11-26.
^ “Antigua demands trade sanctions”. Las Vegas Sun. A benefit of live in-play gambling is that there are much more markets. In its first seventeen years it has created over 2,800 millionaires.
In 2000, the first Australian Federal Government passed the Interactive Gambling Moratorium Act, making it illegal for any online casino not licensed and operating before May 2000 to operate. London: The Guardian. Around 70% of UK adults play the National Lottery regularly, making the average annual sales over £5 billion apart from the year 2000-01 where sales dropped just below that. However, the appeals panel also ruled that the Wire Act and two other federal statutes prohibiting the provision of gambling services from Antigua to the United States violated the WTO’s General Agreement on Trade in Services. “NJ lawmakers pass smaller casinos bill”. A UK government-funded review of previous research noted a small scale patient survey leading to press reports claiming that 75% of people who gamble online are “problem” or “pathological” gamblers, compared to just 20% of people who visit legitimate land-based casinos.
The Israel gambling law (Israeli Penal Law 5737 – 1977) does not refer specifically to online gambling (land based gambling and playing games of chances is prohibited except in the cases of the Israel Lottery and the Israeli Commission for Sports Gambling). “Manitoba to Launch Online Gambling”. Budget minister Eric Woerth stated the French gambling market would expand to adapt to “Internet reality.” He further stated “Rather than banning 25,000 websites, we’d rather give licenses to those who will respect public and social order.”Betting exchanges, however, will remain illegal under the new plans.. “Legalized Sports Betting in New Jersey – FDU PublicMind – April 20, 2009″. The court found that SCI had sufficient contact with Canada to be prosecuted under its criminal code. (10 Cr. The Act was signed into law on October 13, 2006, by President George W. The bill would legalize and regulate online poker and some other forms of online gambling.
Main article: Online bingo
On June 19, 2007, Antigua and Barbuda filed a claim with the WTO for USD $3.4 billion in trade sanctions against the United States, and in particular, the ability for the country to suspend its enforcement of U.S. These games are played against the “house” which makes money because the odds are in its favor.
In response to Unlawful Internet Gambling Enforcement Act, a number of online gambling operators including PartyGaming, Bwin, Cassava Enterprises, and Sportingbet announced that real-money gambling operations would be suspended for U.S. Washington Post. In 2007 the UK gambling commission stated that the gambling industry achieved a turnover of over £84 billion according to the UK Gambling Commission. Culture.gov.uk. legally risky.
Main article: Gambling in Russia
In September 2006, Sportingbet reported that its chairman, Peter Dicks, was detained in New York City on a Louisiana warrant while traveling in the United States on business unrelated to online gaming. Louisiana is one of the few states that has a specific law prohibiting gambling online. Reuters.
On April 15, 2011, in U. Retrieved 9 September 2015.
^ “Expansion of gambling does not lead to more problem gamblers, study finds”. 2267 by a vote of 41-22-1. The Indian Express. “New Rules For Banks Target Online Gambling”. 2012-01-17. Archived from the original on 2013-08-09. For example, Denmark Germany, and Spain operators must provide deposit limits, but Australian operators only have to do so voluntarily. A sample of online poker players from Sweden indicated that Responsible Gaming Features increase their trust of a company and reduce their anxiety about winning from other players. However, in jurisdictions that mandate Responsible Gambling Features, only a small percentage of customers use them. loss in Internet gambling case”. “Sports Betting in Canada” (PDF). Racetrack owners, horse trainers and state governments sometimes receive a share of ADW revenues.
Due Column betting
Mathematics of bookmaking
On March 30, 2007, the WTO confirmed that the U.S. Dow Jones Network. The new legislation meant Lasseter’s Online became the only online casino able to legally operate in Australia; however, they cannot take bets from Australian citizens.
There are a large number of online casinos in which people can play casino games such as roulette, blackjack, pachinko, baccarat and many others. Walters, Esquire, lawyer, partner in Weston, Garrou, DeWitt & Walters”. States tend to operate on their own authority.
The German Interstate Treaty on gaming, which came into force on January 1, 2008, banned all forms of online gaming and betting in the country, with the exception of wagers on horse racing. copyrights as compensation for the country’s actions; the country planned to form “a statutory body to own, manage and operate the ultimate platform to be created for the monetisation or other exploitation of the suspension of American intellectual property rights”.
Mobile gambling refers to playing games of chance or skill for money by using a remote device such as a tablet computer, smartphone or a mobile phone with a wireless Internet connection.
In March 2011, the UK online gambling industry employed 6,077 full-time employees. Retrieved 2009-06-29.
^ “House Panel Votes To Approve Bill Legalizing Online Gambling”. IDG. Retrieved 2011-11-26.
^ “”Freedom to market”, by Lawrence G. Voters Wary of Internet Gambling (press release)
^ a b “3 Major Online Poker Companies Targeted in Federal Crackdown”. 2007-03-30. The offense applies to all interactive gambling service providers, whether based in Australia or offshore, whether Australian or foreign owned. Quad-Cities Online. Retrieved 29 September 2014.
^ Clark, Andrew; Bowers, Simon (2006-09-09). Any person under 18 will not be allowed to gamble and it is an offence to invite or permit anyone under the age of 18 years to gamble.
List of bets
Online gambling legal issues in India are complicated in nature as Gambling in India is regulated by different states laws and online gambling is a central subject. Associated Press. London: News.independent.co.uk. Help.yahoo.com. 1953 (Operation of an Illegal Gambling Business). Carruthers is currently under house arrest on a one million dollar bail bond.
In June 2009, the U.S. 28, PDF file
^ Dean, Andrew (14 August 2014). Most British consumer online gambling activity is on overseas regulated websites, and estimates place the UK consumer market for online gambling at £1.9 billion for 2010. S. Normally, gamblers upload funds to the online gambling company, make bets or play the games that it offers, and then cash out any winnings. “FBI detains online betting boss on airport runway”. Attorney’s Office, Southern District of New York. § 5363.
^ See 31 U.S.C. Pub.bna.com. Publicmind.fdu.edu. The licence must state what form the remote gambling would come in and any conditions appropriate to each operator. 26 January 2014. A report published by Frost & Sullivan revealed that online gambling revenues had exceeded $830 million in 1998 alone. Journal of Gambling Issues (21). Gambling is now a diverse, vibrant and innovative industry and a popular leisure activity enjoyed in many forms by millions of people. April 15, 2011.
^ See 31 U.S.C. Schleswig-Holstein is the only German state that has already come up with their own gambling bill allowing gambling online. July 11, 2006. International Herald Tribune. It has since moved its operations overseas.
A study by the UK Gambling Commission, the “British Gambling Prevalence Survey 2010″, found that approximately 0.9% of the adult population had problem gambling issues, more than shown in a previous study in 2007. Donath, Judith. Players play against each other rather than the “house”, with the card room making its money through “rake” and through tournament fees.
On December 3, 2009, the House Financial Services Committee held a hearing on UIGEA and Rep. Casino City TImes. Internet gambling restrictions as illegal.”
Retrieved from “https://en.wikipedia.org/w/index.php?title=Online_gambling&oldid=736271275″
The BetOnSports indictment alleged violations of at least nine different federal statutes, including 18 USC Sec. Networkworld. Retrieved 2011-11-26.
^ Dilov-Schultheis, Diane. Usatoday.com. Several similar bills have been introduced since then in the House and Senate.
In-play gambling is a feature on many online sports betting websites that allows the user to bet while the event is in progress. However, the prevalence among women for 2010 was 71%, which was higher than 68% in 1999 and 65% in 2007.
1996 saw the establishment of the Kahnawake Gaming Commission, which regulated online gaming activity from the Mohawk Territory of Kahnawake and issues gaming licences to many of the world’s online casinos and poker rooms. This is an attempt to keep the operations of licensed online gambling organisations fair and transparent.
In the late 1990s, online gambling gained popularity. Interactive and online gambling and gambling advertising. The name National Lottery was kept as the general name for the organisation and the main draw was renamed Lotto. Likewise, credit card and gaming industry officials did not believe Internet gambling posed any particular risks in terms of money laundering.”
Antigua and Barbuda
On March 5, 2009, France proposed new laws to regulate and tax Internet gambling. The U.S. If Only Singaporeans Stopped to Think. the Guardian. The Associated Press. For example, in Association football a user could bet on which player will receive the next Yellow card, or which team will be awarded the next corner kick.
The Bill also set out guidelines stating that gambling will be unlawful in the UK unless granted a licence, permit or registration. The first online lotteries were run by private individuals or companies and licensed to operate by small countries. “Hiding and revealing in online poker games”.
^ “Supper with Denise Phua”. 1969-12-31. government’s actions to impede online gaming. Retrieved 2011-11-26.
^ “WTO ruling”. Canberra: Commonwealth of Australia.
Online gambling industry statistics
In the United States in 1999 the National Gambling Impact Study stated “the high-speed instant gratification of Internet games and the high level of privacy they offer may exacerbate problem and pathological gambling”. The bill was passed with a 29-5 majority. “The Marker: Backgammon Site Play65 Returns its Activity in Israel”. “Rebranding of ‘tired Lottery aims to halt slide in ticket sales”. Gamblingandthelaw.com. “EU moves toward ruling on German gambling law”. In the same year the first online poker rooms were introduced. Soon after in 1999, the Internet Gambling Prohibition Act was introduced, meaning a company could not offer any online gambling product to any U.S citizen. “Why Swedish people play online poker and factors that can increase or decrease trust in poker web sites: A qualitative investigation”. Boston.com. Camelot Group. Retrieved 10 April 2014.
^ Smith, Garry. This was secured with software developed by CryptoLogic, an online security software company. The law needs to reflect that.”
Many of the companies operating out of the island nation of Antigua and Barbuda are publicly traded on various stock exchanges, specifically the London Stock Exchange. On January 28, 2013, the WTO authorized the ability for Antigua and Bermuda to monetize and exploit U.S. Internet gambling websites had increased from just 15 websites in 1996, to 200 websites in 1997. 2011-09-14. Gamblers can often fund gambling accounts by credit card or debit card, and cash out winnings directly back to the card; most U.S. The government responded by proposing a bill that will authorize such orders, referring to child pornography, drug trafficking and online gambling websites.
Advance-deposit wagering (ADW) is a form of gambling on the outcome of horse races in which the bettor must fund his or her account before being allowed to place bets. Gamblingandthelaw.com. Freedavidcarruthers.com. Retrieved 4 April 2014.
^ William R. Retrieved 9 April 2014.
^ Crowne, Emir. Offences for breaching remote gambling guidelines are the same as breaching non-remote gambling guidelines.
5 Online gambling industry statistics
Most lotteries are run by governments and are heavily protected from competition due to their ability to generate large taxable cash flows. 2009-11-06. Attorney for the Southern District of New York filed United States v. In Australia, 0.8% used the deposit limit on SportsBet and 6% used deposit loss limits on BetFair Australia.
Ensuring no link between gambling and crime or disorder
Ensuring that gambling is conducted fairly and openly
Protecting children and vulnerable adults from harm or exploitation
In 2011, the U.S. “US Supreme Court refuses to hear Jay Cohen appeal”. At the end of the month, New York dismissed the Louisiana warrant.
On 3 September 2015, Central Board of Direct Taxes (CBDT) issued a Circular titled “Clarification on Tax Compliance for Undisclosed Foreign Income and Assets” under the black money act which directs the online poker players in the country to declare their money transactions on foreign poker sites through the e-wallets and virtual cards.
Main article: Online casino
Main article: Online poker
Main article: Sports betting
From Wikipedia, the free encyclopedia
Online gambling, also known as Internet gambling, is a general term for gambling using the Internet.
Main article: Advance-deposit wagering
Sports betting is the activity of predicting sports results and placing a wager on the outcome. Retrieved 9 September 2015.
^ Online Rummy And Online Poker Remains Legally Risky In India
^ Clarification on Tax Compliance for Undisclosed Foreign Income and Assets
^ “Internet Law: The Israeli Police Orders Gambling Websites to Shut Down”. Retrieved 19 March 2012.
^ “Online gambling statistics 2006/2007″ (PDF). Ibls.com. SCI was fined $100,000 and forfeited nearly $4 million in profits. Kennedy. Safe transactions became viable and led to the first online casinos in 1994.
4.12 Other countries
In April 2004 Google and Yahoo!, the two largest Internet search engines, announced that they were removing online gambling advertising from their sites. Critics of the Justice Department’s move say that it has no legal basis for pressuring companies to remove advertisements and that the advertisements are protected by the First Amendment. In April 2005, Yahoo! has instigated a restrictive policy about gambling ads.
In 2003 Tessa Jowell, then Culture Secretary suggested a change in the British Gambling laws to keep up with advances in technology.
The UK National Lottery started in 1994 and is operated by the Camelot Group. PartyGaming’s stock dropped by 60% following its announcement. ADW is often conducted online or by phone. 2006-10-13. The move followed a United States Department of Justice announcement that, in what some say is a contradiction of the Appeals Court ruling, the Wire Act relating to telephone betting applies to all forms of Internet gambling, and that any advertising of such gambling “may” be deemed as aiding and abetting. Computers in Human Behavior.
^ Golder, Scott. The bill allows bets to be taken by in-State companies on poker games, casino games and slots but excludes sports betting, although it allows for the latter to be proposed, voted on and potentially regulated separately in due course. However, a Fairleigh Dickinson University PublicMind poll in April 2009 showed only 26% of New Jersey voters approved of online sports-betting. On a national level, two-thirds (67%) of voters polled by PublicMind in March 2010 opposed changing the law to allow online betting. The European Gaming & Betting Association turned to the European Commission with the request to take action against the German legislation, because such stringent legislation violated EU rules. In 2010, the European Court of Justice ruled that the monopolised gambling industry in Germany has to be liberalised. “Online Gambling Meets Bitcoin”. Retrieved 2011-11-26.
^ Fairleigh Dickinson University’s PublicMind, (May 14, 2012). A number that has declined since 2008 where 8,918 full-time employees were in employment within the industry. On July 28, 2010, the committee passed H.R. “Trust Considerations on Attitudes Towards Online Purchasing: The Moderating Effect of Privacy and Security Concerns”. Retrieved 2 August 2012.
^ “Gambling law updated in the UK for the internet”. London: The Guardian. Retrieved 9 April 2014.
^ “The Use of the Internet for Gaming” (PDF). Another group of interviews conducted by the Gambling Commission.
Big Six wheel
Property of a Lady
Tables (board game)
While the criminal code of Canada does not prohibit online gambling, it does prohibit any type of gambling at an establishment not owned or licensed by a provincial government. Not withstanding this fact, there are an estimated 1,200 to 1,400 offshore websites that make casino type games and other gambling activities available to Canadians. For online gambling operations within Canada’s borders, the Canadian authorities are willing to prosecute, but as of this date, have only done so once, when British Columbia prosecuted Starnet Communications International (“SCI”), a Delaware corporation, run by residents of Vancouver, where one of the company’s servers was located. Retrieved 29 September 2014.
^ “David Carruthers finally released today on million dollar bail”. Improvements in technology have changed betting habits just as video lottery terminals, keno and scratchcards changed the gambling industry in the early 20th century.
Due to the virtual nature of online gambling, it is hard for players to verify the authenticity of sites they are using. Unlike in physical casinos, randomness and deck shuffling cannot be verified by visual means. Peter Woolley, Director of the PublicMind commented on the results: “Online gambling may be a good bet for new state revenue, but lots of voters don’t think it’s a good bet for New Jersey households.”
In 1994, Antigua and Barbuda passed the Free Trade & Processing Act, allowing licences to be granted to organisations applying to open online casinos. Before online casinos, the first fully functional gambling software was developed by Microgaming, an Isle of Man-based software company. Retrieved 2014-11-10.
^ “In-play betting is biggest growth area in sports gambling”. (Approximately three times the size of the British regulated market). Although the United States convinced the appeals panel that these laws were “necessary” to protect public health and morals, the asserted United States defense on these grounds was ultimately rejected because its laws relating to remote gambling on horse-racing were not applied equally to foreign and domestic online betting companies, and thus the United States could not establish that its laws were non-discriminatory.
Main article: Online Gambling In India
The Bill defined remote gambling as,
6 Problem gambling
7 Money laundering
8 Player perception
9 See also
Russian legislation, enacted in December 2006, prohibits online gambling altogether (as well as any gambling relying on telecommunications technology).
The regulation called for in the UIGEA were issued in November 2008. The regulation does not define “unlawful Internet gambling.”
Main article: Gambling in the United Kingdom
^ a b c d e f g “Internet Gambling Developments in International Jurisdictions: Insights for Indian Nations” (PDF). Another act is the Public Gaming Act of 1867. This did not pass. Multiplayer online gambling was also introduced in 1999. The Times. From 2012, casino operators can apply for an online gambling license in this state.
Main article: Gambling in the United States
Horse racing betting comprises a significant percentage of online gambling wagers and all major Internet bookmakers, betting exchanges, and sports books offer a wide variety of horse racing betting markets.
In the UK, between 2009 and 2010, 4% of adults had bet online. Between April 2010 and March 2011, online gambling which is regulated by the UK Gambling Commission yielded £660.74 million, a 5% increase on the previous year. Retrieved 21 March 2012.
^ a b UK Gambling Commission – British Gambling Prevalence Survey (pdf), 2010
^ a b UK Gambling Commission – Industry Statistics (pdf), 2011
^ “Department for Culture Media and Sport: A Literature Review and Survey of Statistical Sources on Remote Gambling”. Online casinos ‘used to launder cash’. This is partly due to the wide range of gambling options that are available to facilitate many different types of people.
In 2012, the Tel Aviv Police Commander ordered local ISPs to block access to several online gambling sites. There are other legal problems with the government’s case; and, interestingly, the indictments did not mention the Wire Act. On July 31, 2012, it was announced that two of the three companies indicted for money laundering and forfeiture settled with the Manhattan U.S. “Maintaining Provincial Monopolies: The Legality of Online Gambling Sites in Canada”. Retrieved 4 April 2014.
^ Dodge, Catherine (2010-07-29). “Bill tabled to restrict online gambling in S’pore”. Scheinberg et al. Other acts/legislations are silent with respect to online gambling/online gaming in India. The advertising campaign for the new Lotto cost £72 million which included ten television advertisements featuring Scottish comedian Billy Connolly and one of the largest ever poster campaigns. 91.5% believed that reputable third party reports on randomness and payouts were important to gain their trust. However, contrasting research shows that seals-of-approval granted by these third parties does not have a strong influence on purchasing behavior, nor are customers usually aware of their existence.
Responsible Gambling Features (RGFs) are features that online gambling sites use to promote responsible behavior and harm minimization. The highest prevalence of problem gambling was found among those who participated in playing Poker at a pub or club (20.3%), Dog races (19.2%) and online slot machine style or instant win games (17%). “Sportingbet arrest threatens internet gambling”. Attorney Announces $731 Million Settlement Of Money Laundering And Forfeiture Complaint With Pokerstars And Full Tilt Poker”. Retrieved 9 April 2014.
^ Peppin, Joan. Retrieved 21 August 2014.
^ “Rethinking the Offshore: Antigua’s Internet Gambling Challenge”. BETONSPORTS PLC” (PDF). The new brand and name had the slogan:
Also in September 2006, just before adjourning for the midterm elections, both the House of Representatives and Senate passed the Unlawful Internet Gambling Enforcement Act of 2006 (as a section of the unrelated SAFE Port Act) to make transactions from banks or similar institutions to online gambling sites illegal. This differed from a previous bill passed only by the House that expanded the scope of the Wire Act. Consumer attitudes towards internet gambling: perceptions of responsible gaming policies, consumer protection, and regulation of online gambling sites. Additionally the report noted a 15% increase in overall gambling since 2007, from a rate of 58% in 2007 to 73% in 2010. In response, the NTRA responded that the exemption was “a recognition of existing federal law”, not a new development. The most recent law to address gambling online was the Federal Information Technology Rules where such illegal activities may be blocked by Internet providers within India. Fox News. Retrieved 19 March 2016.
^ “French gambling plan seeks to stem illegal betting”. Department of Justice seized over $34 million belonging to over 27,000 accounts in the Southern District of New York Action Against Online Poker Players. Retrieved 9 September 2015.
^ United States General Accounting Office–”Internet Gambling: An Overview of the Issues”, December 2002, p. “The Independent: Former gambling chief Dicks is freed in US”. Quarterly Journal of Electronic Commerce, (3).
^ Wood, Richard (2008). Retrieved 21 March 2012.
^ Bowcott, Owen (2002-04-30). Interstate wagering on horse racing was first made legal under the Interstate Horseracing Act written in the 1970s. banks, however, prohibit the use of their cards for the purpose of Internet gambling, and attempts by Americans to use credit cards at Internet gambling sites are usually rejected. A number of electronic money services offer accounts with which online gambling can be funded; however, many top fund-transfer sites such as FirePay, Neteller & Moneybookers have discontinued service for U.S. doi:10.1016/j.jbusres.2009.02.025 – via Research Gate.
^ Head, Milena; Hassanein, Khaled (2002). During this time period, betting turned over a substantial proportion of this amount, turning over £13,081.44 million, with bingo and casino turning over £26.75 million and £347.87 million respectively.
Main article: Gambling in France
Online gambling is illegal in the state of Maharashtra under the “Bombay Wager Act”. Frank’s Internet Gambling Regulation, Consumer Protection, and Enforcement Act of 2009 (H.R. In the year to March 2011, 5000 adults were surveyed and reported that 11.2% of them had participated in at least one form of remote gambling in the previous four weeks. Retrieved 2011-11-26.
^ “German State passes online gambling legislation”. Retrieved 9 April 2014.
^ “Quebec plan to block gambling sites draws cries of censorship”. Retrieved 14 March 2012.
^ “Our UK National Lottery Operation”. Retrieved 2011-11-26.
^ “New Internet Gaming Regulations – Part I, II”. “Trust in e-Commerce: Evaluating the Impact of Third-Party Seals”. Retrieved 13 April 2016.
^ “Antigua and Barbuda: The new Pirate Bay?”. The British regulated online gambling sector was worth a 12% market share of the British regulated gambling industry within the same time period. Retrieved 2011-11-26.
^ Parry, Wayne (2010-11-22). Three of the sectors within online gambling are betting, bingo and casino which between them turned over £13,456.07 million between April 2010 and March 2011. It outlined the penalty for being in breach of these guidelines, that being a maximum of six months in prison, a fine, or both for each offence. The Commission will have the power to prosecute any parties in breach of the guidelines set out by the bill and will be tasked with regulating any codes of practice they set forward
We have come a long way since then.. However, that environment was perfect for online professional gamblers using advantage gambling techniques. I was one of those guys. However, over the years, my casino gambling blog gained some momentum.
A bit about myself: I’m Simon, and I’m the author of Simon’s Online Gambling Blog. For two years I blogged only on the weekends and not many people took notice. It helped me pay for college.
“Online casino bonus whoring” – as it was called, got less profitable profitable after I was banned from over 200 online casinos, so I took a break from online gambling, finished college, got an office job, you know, the works. However, after a long hiatus I returned to the online gambling scene, this time as an online gambling blogger (and as a player as well of course). I made around $10 000 in total playing online (which was quite a lot of money back then, in Eastern Europe). The world of online gambling was quite different back then, more rogue casinos and less gambling regulations. I started playing online in 2006, back in college
The Wildcats are most capable of putting up a good fight because they’re playing like they belong in the tournament and have been consistent.
In December, the Wildcats were 7-9. After beating North Carolina earlier this year, they won four games their after. A strong presence in the Pac-10 tournament will probably get the Wildcats in. They’re 1-7 against opponents with an RPI rating in the top 50 which might be the key figure heading into Selection Sunday. People who bet on College basketball know that these teams have plenty of talent. Since then, they’ve had 11 wins in 13 games. . A run to the Big East final could put Orange in the position to get in as a 9 or 10 seed.
Arizona has lost to UCLA, USC, Washington State and Stanford, all of which are headed for the NCAA tournament. They beat Tennessee twice and Vanderbilt once. They have the ability to get on unexpected rolls but they can also burn out fast the way Seton Hall did 2 years ago after losing by 20 points to Wichita State after coming in as a potential Cinderella 10 seed from the Big East. Between injuries and loses, their bubble will likely burst for the second straight year.
Schools like Kentucky, Florida, Arizona, Maryland, Syracuse have all won NCAA tournament titles in the past decade. After losing 4 games in December, they’ve dropped back to back games only once. In addition, they didn’t cover the point spread in their last 3 home games. Unless they have a good run in the conference tournament, the Gators won’t be an option to three-peat when sports betters fill out their March Madness bracket.
Syracuse Orange began the year on a good note because of some talented freshmen recruits. Their loss to Kentucky reduces their chances of an at large bid. It’s reasonable to assume that they won’t be making it to the tournament.
Some powerful college basketball teams may not be able to work their way into the NCAA tournament.
The Gators have won back to back championships but lost some top players after last year’s title run and are expected to be in the bottom of the SEC this season. Experienced sportsbook enthusiasts don’t bet on teams like these. If the Wildcats don’t make the tournament, it will end a great run of 23 straight years in the Big Dance. Then, they lost 3 games. They’re hoping that will be enough to get them into the tournament. Experts say that the following teams are most likely to make it to March Madness.
The Orange’s March Madness odds are at 100/1. If they don’t get upset in the SEC tourney, they should make it to the tournament.
The Maryland Terrapins have been extremely inconsistent. Johnny Flynn and Donte Greene played well but not as good as Carmelo Anthony did in his first year. You can trust Gary Williams’ team to make you money about as much as you can bank on a Wall Street broker these days. They lost 5 of their last 8 games. However, after upsetting Marquette, there may still be hope because Syracuse is usually a tough out in the conference tournament at Madison Square Garden
. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error. This usually includes having up-to-date power ratings on each team.
The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks. Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years. The power ratings are adjusted after each game a team plays. People think it’s much more complicated, but it’s not.”
“You either have a passion for it or you don’t,” Seba said. We do this by drawing from past experiences and applying them to current situations.
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. 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. 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.
Once betting begins, sportsbooks can adjust the line at any time.
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. 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. By moving the line, sportsbooks can influence how the public bets on a particular game. “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). Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades. For example, the public might have heavy betting interest week after week on a popular college football team such as USC. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”
How the Opening Line Is Made
The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action. 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’).
“The main objective is that our clients get equal action on both sides,” Seba said.
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.
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 we’ve done that, we’ve done our job.”
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. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach.
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. Reasons for such adjustments include:
Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account.
Experts working for the individual books having a strong opinion on the game
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.
“The #1 thing for us is to make a line for each game that creates good two-way action. 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).
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)
What Is the Line Trying to Accomplish?
Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather.
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.
There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. Of course there is an entire method to the madness on how the opening line is created. 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). Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process.
Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. In doing so they attempt to make more attractive the team that is getting less action. 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. 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
Two things do not exist in the real world…. Sure, every once in a while spurge and double your bet if it is on a strong play and not what you want to be a strong play. It is easy to just double up on a couple of bets to try and recoup your losses, but what if you lose those bets, too? You’re only human and you will want to chase those losses, but if you stick to your original budget and plan, it will pay off and it will all make sense at the end of the season. Ah, but now it is easy to lose your focus and forget your previous wins. Example: You have an excellent winning streak, 8 wins and 1 loss. You can see what your bankroll would have been if you chased. Just remember to stay in control of your money.
With so much sports betting being done online these days and sports betting online being so accessible to everyone, money management is a must! Unless you own a bank, and even if you do, you can’t afford to throw your whole bankroll on a game and if you lose, just grab another. Stick to your plan, but write down all the times you wanted to chase your losses through the season. This is probably the hardest thing about being successful at wagering over a period of time. You lose discipline you lose your money. Typically you need to spend only 5% of that stash. Be stingy! Allow yourself only enough to equal to what you can afford to lose over the entire season. locks and ‘sure things’.
You must have discipline, as this is the foundation you must have in order to properly and successfully manage your money and place wise wagers. Go ahead and try it. Whether you are at your local track, playing online, or just betting a group of co-workers or friends on a game, there are several factors to keep in mind.
So, go ahead and visit your favorite online sports betting site. Whoops! Now you lose 3 in a row, but you are still up 4 units. You need to limit yourself to what you can and will bet. Profits do speak volumes.. You are now 7 units up
Refers to the fact that if they lose, they may be jumping off the nearest bridge.
Galt House Hotel
Bluegrass dominance: A term acknowledging that 75 percent of Kentucky Derby winners were bred in Kentucky.
Before the Race
This authentically restored, early 1900s bar features an expansive bourbon collection and cocktails made from scratch.
Located in the heart of downtown Louisville, the Seelbach Hilton exudes southern charm. Spectators are also encouraged to wear pink in honor of the feminine vibe and as a way to raise awareness for breast and ovarian cancer prevention. From feathers to ribbon and bows, anything goes.
Race Day — May 2
What to Drink
Show bet: A wager on a horse to finish third of better.
Every year, the Kentucky Derby takes place at Churchill Downs. go! The Kentucky Derby takes place every year on the first Saturday in May and is the culmination of the two-week-long Kentucky Derby festival. All modern thoroughbreds can trace their pedigrees to three stallions originally brought to England in the 17th and 18th centuries. On Derby day there will surely be some colorful characters in the hotel lobby.
Lingo you should know
In addition to the 57-foot-long bar, this lounge also boasts plenty of screens to watch the race. The average jockey is 5?4? and weighs just 112 pounds.
What to wear
If you’re not a horse racing aficionado but want to look like you know the ropes, here’s a dummy-proof guide to the Kentucky Derby.
This is the one time of year when you can wear a hat like this and not end up on a worst-dressed list.
Longines Kentucky Oaks — Friday, May 1
Where to Watch
Maker’s Mark Bourbon House & Lounge
Where to Stay
Exacta/perfecta: A wager on two specific horses to cross the finish line in first and second place in exact order.
This is your chance to mingle with horse racing celebrities while sampling some of the best food in Kentucky. Grab a glass of wine, snack on some food, listen to live music and speculate about which horse will take home the trophy.
Ladies usually wear dresses in light colors or pastels. It is also commonly referred to as the “Run for the Roses.” This year there are 20 contenders for the top prize.
Taste of Derby — Thursday, April 30
Bridge jumper: A person who bets an unusually large sum on a single horse. General admission tickets are available for $55. Scott Fitzgerald used the location as a backdrop for Tom and Daisy Buchanan’s wedding in the Great Gatsby, and the Old Seelbach Bar has some of the best bourbon in town. Many love the party atmosphere you get from standing in the infield.
Place bet: A wager on a horse to finish first or second.
Seelbach Hilton Louisville
And if you just want to stumble upon something great, 4 Street Live! has a variety of bars and restaurants guaranteed to be showing the race.
Mint juleps are made with bourbon, mint, and a kick.
Jockey: The man who rides the horse. The race is known as “The Most Exciting Two Minutes in Sports,” and as you watch the powerful thoroughbred’s speeding around the track, you’ll certainly know why. F. It’s standing room only, but general admission guests can bring in food items, chairs, and blankets. More than 100,000 people attend the event, making it one of most popular horse races in American horse-racing society.
Thoroughbred: The horses that run in the Derby. The doors open at 8 a.m., and spectators can start placing their bets at 10 a.m. If you’re looking for a place to watch the Mayweather vs. Pacquiao fight, the hotel is hosting a watch party.
It wouldn’t be the Kentucky Derby without a mint julep in your hands. Here are a couple of favorites.
Not only is Galt House the oldest hotel in Louisville, it also has beautiful waterfront views. They are known for their athleticism and agility.
The Kentucky Derby may last only two minutes, but in Louisville, it’s a monthlong celebration with more than 70 events, including parties and concerts. Chances are the bar will be crowded during the derby, so get there early if you want a good seat.
Old Seelbach Bar
To get people revved up for the big race on Saturday, Churchill Downs hosts the Kentucky Oaks race the day before the big event. Instead of large male thoroughbreds, this race features 3-year-old thoroughbred fillies (young female horses). The Taste of Derby brings together award-winning chefs from regional restaurants who prepare everything from seafood to barbecue. Beyond making the obvious fashion statement, wearing a colorful hat is said to bring good luck. As for the men, they tend to wear seersucker suits or brightly colored pants.
On your mark, get set … Every year more than 100,000 spectators from around the world show up for the race, wearing their colorful hats and sipping bourbon.
If you can’t get tickets to the big show, there are viewing parties all over Louisville, and most bars will be showing the big race. For more than 100 years, the bourbon-based drink has been the traditional beverage of Churchill Downs, and during Derby weekend, the venue plans to serve more than 120,000 of the cocktails.
When it comes to the Kentucky Derby, the bigger your hat, the better