Online Betting Tips

March Madness betting tips
Some snipits.....

Pro Gambler, claims he won 600,000$ on last years tourney. He advises the following.....

Put 100 $ on all 4 #12 seeds (ML) in the first round. At least 1 #12 seed has upset a #5 seed in 11 of the last 12 years. The usual ML bet on a 12 seed is 6:1 or +700.

Using this formula, you're risking 400 $, but just one upset by a #12 seed nets you 300 $. (last year, Gonzaga and Utah St. won as #12 seeds.)
Hedge your bet Before the start of the tourney, books will be giving at least 3:1 odds on a good team making it to the "sweet 16". (2 wins).....

Put $100 down on your favorite team; all they have to do is win the first game and you've made a profit, guaranteed. After round 1, put $150 on the underdog they're playing in round 2.(plus the points) If the dog pulls the upset...you profit $50. If they lose...you profit $150. The best scenario is when your original team wins the 2nd round game, but does'nt cover the spread. You've just won both bets and netted $450!

Double Down Betting strategy, A fact of winning, or just Fiction?

Hello, My name is Kirk Hallday, President of Pickagame Sports Service. My job is to give you, the clients, the best information on sporting events AND make you better gamblers. One strategy that always seems to pop its head up every few months from someone, and I am always asked about its validity, is the infamous "Double Down until you Win" scheme. This strategy enables you to play the "odds" and keep betting until you eventually get paid. I think it is the quickest and most sure way to lose your bankroll for a number of reasons.

Let me Explain. Lets say you want to try this strategy out. You are a $50 straight bettor. You lay $55 and lose. The next game you lay $121 to win $110 ( Again, a $50 profit if it hits). If it loses again, your third bet is now laying $245 to win $226 (still a $50 profit, and your profit margin to money wagered is now a paltry 21%, compared to 90% in your first original bet!). Here is where it gets tricky. First, most players (around 75%) open new sportsbook accounts for $500 or less. This would almost deplete the bankroll right away, and I don't know about you, but when you are Stone Cold, I will bet against someone just for being in a STRONG down cycle. Second, 99% of all people will bet with their wallets instead of their heads and USUALLY end up Betting on a game THEY have NEVER looked at or studied, just trying to play "the odds". Again, a bad move and you are erroding the odds against you, that you are trying to play FOR you.

Back to the strategy. On the fourth bet we are now down $421 in 3 bets, and in order to come out ahead $50, we must now lay $518 to come away with a profit of $50. First off, Is anyone who is reading this, REALLY going to bet $518 with a person that has lost 3 Games in a row, AND EVEN if he wins is ONLY going to come away with a profit of $50?? If you answered yes, then I want to be your bookie! Now if this loses a 4th game in a row, that person is now down $939, and that would wipe out 95% of the players on the internet sportsbook-- At least until they make another deposit!

Another reason why this strategy is doomed, is because it is VERY high risk. Players that try this are RISKY players and 99% of risky players do not have the patience to wait out the bad streak and actually have a chance to be successful and play those odds they cling to, that eventually HAVE to hit. After losing as little as two games in a row, I have seen folks hurl in their entire bankrolls out of frustration and stupidity. You will get lucky for a while, but eventually you will lose! They always do, and the Bookies just keep raking it in!

Parlay's Explained
A parlay card is when you bet on the outcome of at least three games. Parlay cards generally only lessen your chances of winning because you have to choose three winners instead of just one. Of course, if you manage to win your bet, you will get paid at higher odds thatn if you bet on straight, single games.

Some parlay cards lose if the game ends in a tie, make sure you read this and only play the ones in which ties do not lose. Moving on; Let's say you pick Teams 1, 2, and 3. and you bet $11 to win $10. That means you first have an $11 bet on Team 1. If you win that bet, your payoff goes to wager at eleven to ten that Team 2 will win. If that bet also wins, the payoff goes on to bet on Team 3, again at eleven to ten odds. In a parlay bet, each bet is dependent upon the previous bets. It does not matter which order, just the fact that all three games must cover the listed spread. Usually there is no "juice" on a parlay bet because the house already has a built in advantage. We are using this setup as an example and will explain our bet in a payoff sequence later.

In other words, you bet games in a sequence. If you win the first game, it sets up your bet on game two. This continues until either you lose a bet or you win all your bets. The games don't have to be played in the same sequence. For example, if you make a parlay bet with college football games and NFL games, you can have the first bet be a NFL game on Sunday and the second bet on a College game played the day before. However, you must make your bet before any of the games have started.

Most payouts are at a 6-1 ratio. In this instance, your $11 bet would win $66. The true odds of getting each of the three picks correct are about 7 to 1, but the house advantage on three team parlays is 12.5 %, and this is not a particularly good bet. Parlays are Fun but I only recommend them when you are way ahead in terms of bankroll. You can take a chance and not worry so much about the diminishing returns that they might bring. Hopefully that quick look and explanation on Parlays will help!

Parlay's can be fun, but they will not make you the Real Money you seek down the road! Take Care!

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