Betting 101 - Newbies READ!

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  • Jensen
    Confirmed User
    • Apr 2001
    • 3790

    #1

    Betting 101 - Newbies READ!

    So many questions these days.. here are some answers:

    Where to Bet:
    Buy your bets where the odds is the highest, not where the bookmakers shows you naked chicks on their site. Don't accept a 10% juice, but look for bookies with -105/-105 odds instead. There are loads of dodgy bookies out there so visit http://www.sportsbookreview.com and check what they recommend for your style. There can be a large difference from betting $20 a game to $5000 a game (promos, lines, risk, limits)

    Favourites and Dogs:
    favourites and dogs are just in your and others heads.. the spreads aren't supposed to give a correct picture of the teams strength, but are made for making sure the bookies gets a fair amount on both sides.. they profit from the juice.. juice is the amount left when paying both sides of a bet.. normally 3-10% depending on the bookie..

    Us Against The Bookies?
    Nope, don't think of it that way. You are not betting against the bookmaker, but against other players. The bookmaker tries to balance his books and might even buy and sell bets himself to even out the risk. Bookmakers earn the juice. They don't like risk and will always try to have about equal amounts on each side (by moving the spread or odds), so they'll have a surewin.

    How Much To Bet:
    Make yourself a bankroll and make up some rules for your betting. If you don't, kiss that cash goodbuy. There will be streaks that can seriously hurt you. One safe way to do it is to bet 1-2% per bet and adjust that % only when the bankroll is up or down 25%. Don't wast your cash going all in on games. Chasing losses by loading up after losing days are the #1 of bankrupsy, stay away from that.

    Negative Spread:
    When you buy a negative spread, your team has to win by more than that spread.. aka -3 spread and your team has to win by 4 or more.. if they win by 3, thats a push and you'll get your money back..

    Positive Spread:
    When you buy a positiv spread, your team has to lose by less than the spread.. aka +3 spread and your team can win, or lose by 2..

    Buying Points:
    buying points is simply a way to up or down the spread.. problem is, the odds changes aswell.. so if you buy points, you will get lower odds.. for instance, if the spread is -3, you can get -2 if you accept lower odds in return.. you can also sell points and get higher odds. In the long run, buying points is worthless. You might have a 20% higher chance of winning with buying a point, but you'll also have 20% lower odds.
  • wdsguy
    Ryde or Die
    • Dec 2002
    • 19568

    #2
    thanks for the informative post.

    Comment

    • Doctor Dre
      Too lazy to set a custom title
      • Jan 2001
      • 51692

      #3
      Watch boneprone jump in and correct you ... especially on the buying points part ;)
      Originally posted by rayadp05
      I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?

      Comment

      • Maxy
        Confirmed User
        • Nov 2005
        • 1858

        #4
        Thanks, good post.
        SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60. Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.

        Comment

        • Jensen
          Confirmed User
          • Apr 2001
          • 3790

          #5
          Originally posted by Doctor Dre
          Watch boneprone jump in and correct you ... especially on the buying points part ;)
          nothing to worry about.. pretty common sence that if you get better spread, your odds will drop..

          Comment

          • boneprone
            Hall Of Fame
            • Jan 2001
            • 34415

            #6
            huge fan of buying points for select games

            Industry Hall Of Fame Legend Mike Jones
            Bow to the Power - Still BP4L
            http://gfyawards.com/hall-of-fame
            Learn about it kids.

            Comment

            • Sosa
              In Tushy Land
              • Oct 2002
              • 40149

              #7
              Originally posted by boneprone
              huge fan of buying points for select games
              same here.

              Comment

              • alan-l
                Confirmed User
                • May 2003
                • 2477

                #8
                Originally posted by Jensen
                So many questions these days.. here are some answers:

                Where to Bet:
                Buy your bets where the odds is the highest, not where the bookmakers shows you naked chicks on their site. Don't accept a 10% juice, but look for bookies with -105/-105 odds instead. There are loads of dodgy bookies out there so visit http://www.sportsbookreview.com and check what they recommend for your style. There can be a large difference from betting $20 a game to $5000 a game (promos, lines, risk, limits)

                Favourites and Dogs:
                favourites and dogs are just in your and others heads.. the spreads aren't supposed to give a correct picture of the teams strength, but are made for making sure the bookies gets a fair amount on both sides.. they profit from the juice.. juice is the amount left when paying both sides of a bet.. normally 3-10% depending on the bookie..

                Us Against The Bookies?
                Nope, don't think of it that way. You are not betting against the bookmaker, but against other players. The bookmaker tries to balance his books and might even buy and sell bets himself to even out the risk. Bookmakers earn the juice. They don't like risk and will always try to have about equal amounts on each side (by moving the spread or odds), so they'll have a surewin.

                How Much To Bet:
                Make yourself a bankroll and make up some rules for your betting. If you don't, kiss that cash goodbuy. There will be streaks that can seriously hurt you. One safe way to do it is to bet 1-2% per bet and adjust that % only when the bankroll is up or down 25%. Don't wast your cash going all in on games. Chasing losses by loading up after losing days are the #1 of bankrupsy, stay away from that.

                Negative Spread:
                When you buy a negative spread, your team has to win by more than that spread.. aka -3 spread and your team has to win by 4 or more.. if they win by 3, thats a push and you'll get your money back..

                Positive Spread:
                When you buy a positiv spread, your team has to lose by less than the spread.. aka +3 spread and your team can win, or lose by 2..

                Buying Points:
                buying points is simply a way to up or down the spread.. problem is, the odds changes aswell.. so if you buy points, you will get lower odds.. for instance, if the spread is -3, you can get -2 if you accept lower odds in return.. you can also sell points and get higher odds. In the long run, buying points is worthless. You might have a 20% higher chance of winning with buying a point, but you'll also have 20% lower odds.

                noob

                Comment

                • Jensen
                  Confirmed User
                  • Apr 2001
                  • 3790

                  #9
                  no problems with buying points.. but won't make you richer in the long run

                  Comment

                  • UniqueMovies
                    Confirmed User
                    • Feb 2003
                    • 1691

                    #10
                    If only this thread was started yesterday.

                    I missed the boat on all those games last night cause I couldint figure it out. Later on last night sonofsam showed me the way and I learned the basics.

                    Comment

                    • Delbert
                      Too lazy to set a custom title
                      • Oct 2004
                      • 1014

                      #11
                      thanks for the tips
                      Every Tuesday, Thursday and Sunday in October PussyCash will pay you a $100 FOR EVERY IMLIVE SIGN-UP you refer

                      Comment

                      • Th!nk
                        Confirmed User
                        • Aug 2005
                        • 6996

                        #12
                        nice fine...good post

                        Comment

                        • tranza
                          ICQ: 197-556-237
                          • Jun 2003
                          • 57559

                          #13
                          I just learned what a positive and a negative spread is...

                          I'm just a newbie.

                          Comment

                          • woj
                            <&(©¿©)&>
                            • Jul 2002
                            • 47880

                            #14
                            Can any of you keep a straight face, and tell us that you actually made money this year betting sports?
                            Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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                            Comment

                            • Ecksent
                              Confirmed User
                              • Nov 2004
                              • 1415

                              #15
                              Originally posted by woj
                              Can any of you keep a straight face, and tell us that you actually made money this year betting sports?

                              50 dollars!





































                              Okay...that was lame.
                              Anyone wanna sig spot.......cheap????

                              Comment

                              • Jensen
                                Confirmed User
                                • Apr 2001
                                • 3790

                                #16
                                Originally posted by woj
                                Can any of you keep a straight face, and tell us that you actually made money this year betting sports?
                                sure.. sportsbetting is pretty much like stocks.. if you do a solid job with your picks and have patience, you'll profit.. if you don't have enough hours or just want to profit, you can pay for the info.. just like with stocks..

                                Comment

                                • Brent_Moe
                                  Confirmed User
                                  • Nov 2005
                                  • 646

                                  #17
                                  Usefull post. Thanks.

                                  Comment

                                  • je_rome
                                    Confirmed User
                                    • Jul 2005
                                    • 6846

                                    #18
                                    thanks very much for the information
                                    Make money on any traffic. Join KlikRevenue.com Today!

                                    Comment

                                    • Alex
                                      So Fucking Banned (YEA!!)
                                      • Jun 2004
                                      • 10963

                                      #19
                                      Recommend any good online bookies?
                                      Care about me?
                                      Who?
                                      Me!
                                      Who?

                                      Comment

                                      • Jensen
                                        Confirmed User
                                        • Apr 2001
                                        • 3790

                                        #20
                                        Originally posted by Alex
                                        Recommend any good online bookies?
                                        depends on your style of betting.. have a look at http://www.sportsbookreview.com/Edge...s/Default.aspx and you'll find a list of 6 books listed as A+. For instance, Pinnacle would be best for pro punters and VIP for regurlar punters.. I personally prefer Pinnacle due to high limits and -104/-104 (NFL) and -105/-105 lines (NBA, NHL, NCAAB, NCAAF) ..

                                        Comment

                                        • V_RocKs
                                          Damn Right I Kiss Ass!
                                          • Nov 2003
                                          • 32448

                                          #21
                                          Always wondered what this shit meant!

                                          Comment

                                          • Alex
                                            So Fucking Banned (YEA!!)
                                            • Jun 2004
                                            • 10963

                                            #22
                                            Originally posted by Jensen
                                            depends on your style of betting.. have a look at http://www.sportsbookreview.com/Edge...s/Default.aspx and you'll find a list of 6 books listed as A+. For instance, Pinnacle would be best for pro punters and VIP for regurlar punters.. I personally prefer Pinnacle due to high limits and -104/-104 (NFL) and -105/-105 lines (NBA, NHL, NCAAB, NCAAF) ..
                                            Hmm.

                                            I have always been using www.2betdsi.com and thought of changing but seems that they have a A grade,
                                            Care about me?
                                            Who?
                                            Me!
                                            Who?

                                            Comment

                                            • wedouglas
                                              So Fucking Banned
                                              • Aug 2004
                                              • 5921

                                              #23
                                              Id rather have a 20% better chance of winning something than just losing...

                                              buying point can increase your chances of winning and the point of betting is to win.

                                              would you rather have a 50% chance or a 70% chance? who cares if you win less if you wn instead of lose.

                                              Comment

                                              • billywatson
                                                Confirmed User
                                                • Aug 2002
                                                • 3281

                                                #24
                                                Gamblers always lose. Sometimes it's right away, and sometimes it takes years.

                                                I Shoot Porn.

                                                Comment

                                                • Jensen
                                                  Confirmed User
                                                  • Apr 2001
                                                  • 3790

                                                  #25
                                                  Originally posted by wedouglas
                                                  Id rather have a 20% better chance of winning something than just losing...

                                                  buying point can increase your chances of winning and the point of betting is to win.

                                                  would you rather have a 50% chance or a 70% chance? who cares if you win less if you wn instead of lose.
                                                  ERROR! the point is NOT to win, the point is to profit. Major difference... for instance, I won only 8/18 (44%) bets last night, but still made 1 units profit..

                                                  if you want 70% instead of 50% you pay for that with your odds.. odds and chance is critical to come up with a value and value is the only thing that will keep you profiting.. lets say that the odds is +150 for your team and you would like an extra point, you might endt up with +130... point is, your chance of winning will go up but the win will go down...

                                                  Comment

                                                  • Jensen
                                                    Confirmed User
                                                    • Apr 2001
                                                    • 3790

                                                    #26
                                                    Originally posted by billywatson
                                                    Gamblers always lose. Sometimes it's right away, and sometimes it takes years.
                                                    about 97-98% lose.. so thats almost true

                                                    Comment

                                                    • miss wild
                                                      Too lazy to set a custom title
                                                      • Oct 2005
                                                      • 1304

                                                      #27
                                                      Nice post, thanks

                                                      Comment

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