Keys to Betting on NFL Football Games

by admin on September 30, 2014

The first thing that you need to do if you are going to gamble on any sport is to keep it to entertainment and do it for fun, at least to start. You need to be betting intelligently. The little bit of house advantage (usually 10% in the form of juice or vig) will be a small price to pay for this entertainment.

You also need to set yourself limits in both time and money spent. You should be watching the games that you are betting on so you know how likely it is for your bet to come through. So, if you can’t watch an entire day of football back-to-back-to-back, make sure that you are only betting when you are available to monitor these games.

Make your money count when betting on football

If you are a gambler or thinking about becoming one, you need to be aware of certain things. A lot of the hype around gambling that you will find in regards to sports betting is misinformed, erroneous or is designed to make money off of you. This includes a large majority of the professional handicappers out there. You can learn more about this at www.NFLOnlineBetting.com.

In order to be a successful bettor, you need to have skills in simple money management. You also need to know how to be selective when betting on games. You need to have a positive attitude and reasonable expectations for what you might expect to win.

Here is an example of money management in regards to betting on football: If you are planning on betting between 420 and $30 per game, you will need a bankroll between $1,000 and $2,000. This is simply because you will have as many cold streaks as you do hot streaks. The name of the game is to keep the ball rolling and not to bust out and reach for more money. You can’t let these cold streaks get you aggravated and start betting $100 on a game to try to catch up. This is the number one mistake that new gamblers make that will cost them in the long run. Even if you win that bet, you are setting yourself up for some bad losses later on and eventually you will lose a lot of money doing this.

Let’s say that you want to bet between $40 and $50 per game. You are going to need between $2,000 and $3,000 to make sure that a bad streak doesn’t wipe you out. If you think you can handle $100 bet each game, you better have at least $5,000 to begin.

Most gamblers start each season without any idea how much money it is going to take to withstand the ups and downs over the course of a season. You need to give yourself enough money to have a chance all year without busting out and adding more money. Sports betting is one of the activities that comes with the most streaks, even more than blackjack. Even if you are the best handicapper in the world, you are still going to lose at least 40 percent of the time. You have to be prepared to deal with this fact.

Dividing your bankroll

Now that you have your bankroll ready, you need to know how to divide it. Most people that bet on football are going to bet on both college and pro teams. You now have Thursday night, Saturday (all day), Sunday (all day) and Monday night to split up your bankroll. Take your bankroll and divide it into three parts: College football betting, NFL football betting and Reserve.

At first, divide your bankroll into fifths. Two fifths of your bankroll goes to betting on college games, two fifths goes to NFL games, and the final fifth is left in reserve.

Here is the important part. You should never risk more than 25 to 30 percent of you bankroll on any given week. If you start out by betting on the Thursday night college and NFL games, take into account how much you are betting and how much more you have left to bet. If you want to bet on 5 NFL games this week, you should only bet 6% of the bankroll you have for NFL betting.

Let’s say you have $2,000 in your bankroll. That means you have $800 for college, $800 for pro, and $400 in reserve. If you determine that you are going to bet on 5 pro games, you should only be betting $40 to $50 per game.

Or maybe you have a couple of really solid plays. Then, let’s take 8 percent for each solid play and divide the rest for the other games. In the example above, you would bet about $70 on these games and about $30 on the other games.

Let’s say that you want to bet on a lot of games this week. That’s fine. Simply lower you bet size to about 2% or 3% of your bankroll. Betting $20 on 10 different games is still less than 30% of your bankroll if you have at least $2,000.

Depending on whether you win or lose, you can raise or lower your wagers to match your current bankroll. Keep those percentages in mind when you are betting and it will be very unlikely that you bust out.

When it comes to betting on football, you need to be cautious for the first 4 weeks of the season. This is the feeling out process of getting to know the teams. Then, get aggressive between week 5 and 12. This is when most teams are still fighting and teams will give their best efforts. After that, start to be cautious again as the playoffs and bowl games get close.

Keep track of your bankroll! This is very important. If you start to lose, you have to adjust your the amount that you bet per game. Failing to do so can result in you losing your entire bankroll!

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NFL Gambling Money Line

by admin on August 20, 2014

While pointspread/side wagering is the most popular and commonly used form of NFL gambling there are a wide variety of other options that a gambler can play with if he prefers.

There is no more common lament amongst NFL gamblers than having the team that won the game straight up but failed to cover the spread. It drives gamblers absolutely nuts. There is a way, however, for a gambler to avoid this problem and that is with the “Money line.”

The money line is a form of NFL gambling in which the bettor chooses a team in a matchup but instead of laying or getting points he instead lays out odds/money or bets on the odds and plus money. This is very similar to how you would bet baseball or hockey.

For example, let’s take a look at a game between the Dallas Cowboys and Arizona Cardinals. The regular pointspread would read Dallas-6 but the money line would instead read Dallas-320/Arizona +280.

If a gambler in this matchup wanted Dallas he would lay out $320 to win $100 profit. All Dallas would have to do is win the game, regardless of by how many points, for the gambler to profit. Should Dallas win, the gambler would get his $320 back PLUS the $100 he won with the wager.

If a gambler wanted Arizona he would bet $100 to win $280 since the Cardinals would be the underdog in the matchup. If Arizona won the game straight up the gambler would get back his $100 PLUS the $280 he won for the bet.

The money line is a high risk but potentially high reward way to participate in NFL gambling. Many seasoned professional gamblers swear by the money line and actually utilize it to make a living at pro football gambling.

The appeal of the money line is obvious, no more screwing around sweating out “back door covers” on losing teams that get a late meaningless score to cover the spread, even as they lose the game. The money line, to many pros in NFL gambling, is purchasing peace of mind and keeping things “simple.”

As long as a gambler doesn’t lose on heavy chalks, it’s a great alternative.

Betting Underdogs

Too many people make the mistake of wagering on the favorites too often when they bet On NFL football games. When it comes to the point spread, there is more or less a 50/50 chance that the underdog will win. With the money line, this is less often the case, but any given Sunday …

When picking NFL games, you should know that any information that you can gather on the teams has already been gathered and processed by the oddsmakers. These games are some of the most heavily wagered, so there isn’t that much of a chance that you will find an edge over the bookmakers. The exception to this rule is when the general public is skewed one way or another and forces the initial line to chance.

You should look for games where an overwhelming amount of people are betting on the favorites to win. This will be a good time to try to make some money on the underdog as the line will favor betting on them. In the case of the spread, the points may shift between 1 to 3 points in some cases. With the money line, there will be a higher payout for the underdog. Select the teams that you feel confident about winning and compare them with the oddsmaker’s initial line. Those teams that get bet up should be avoided, while those that get a more favorable line should be targeted.

This isn’t to say that you should always bet on underdogs, as there are times where the favorites simply won’t get the respect that they deserve. This is especially early on in the season. Some teams heat up right away like the Broncos did last year and the sportsbooks don’t keep up with the favorites bettors hitting on them. You should be selective with your underdog picks and always use common sense.

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