Monthly Archives: December 2015

Betting Systems – Why Betting Exchanges Have Raised the Bar by Cliff Thurston

Odds are never manipulated to protect profit margin and the only cost for using the system is a low commission that is applied to net winnings. In-play betting allows players to use their own analysis to try to predict results of an event even after the event has begun. Most people would think that the bookmaker is the image of traditional betting, well maybe not. On betting exchanges such as Betfair, the players themselves are in complete control of the odds and the prices – not the bookmakers.

One of the most revolutionary changes that the advent of the internet has produced, is the introduction of new and sophisticated online betting systems, where the ‘traditional’ bookmaker is no longer king.

The new ‘breed’ of betting systems is called a betting exchange and the way that these exchanges operate, means that as a punter the odds are more stacked in our favour, which is of course no bad thing.

This approach to betting of course means that a punter always wins. This represents a significant marketplace that will see very large sums of money changing hands every day. This represents extremely high liquidity across a huge range of markets, and many betting exchanges attract both very high-rollers and small-time punters as well, with small minimum bets available to cater for the latter.

As far as comparing it to the betting systems of yesteryear, it is about as far removed as you could get.

Why The Punter Always Wins . Players can enjoy the flexibility of offering their own odds within a betting system that gives the punter almost complete control and the ability to dictate a certain event on their own terms.

First of all, as there are no bookmakers, there are no longer any hefty margins either. If one person believes that a particular horse will win a race; they will back that horse and offer a wager price. Betting exchanges offer people a method to directly place bets against each other, very much like nobility used to do during the earliest days of one-on-one thoroughbred racing, so maybe it is the exchange that is closer to tradition?

Players Control The Odds, Not The Bookmakers

Maybe the most unique and attractive aspect to betting exchanges is the fact that its the punters who get to choose the odds, not the bookie. This represents high-energy, fast moving action where the odds change by the second.

Which Came First?

Whatever your thoughts or beliefs, exchanges have forced the bookmaker to look at its business model, and in time this will benefit one set of important individuals, the ones who provide the money, the punter.

Once this has been done, its then down to other interested punters to actually provide a counter-offer to these odds. With a betting exchange, a punter always wins, not a bookmaker. This means that even right into the middle of any event, two people can immediately place a bet regarding the outcome of that event.

The excitement of such a betting system is that two players can pit their wits against each other regarding their ability to do real-time analysis in predicting what they believe will be the outcome. Either way, one player or another is going to win and make money.

Betting exchanges such as Betfair enable punters to place bets against each other in support of which horse they believe will win or lose a particular race. At that point, the bet is matched.

In fact, Betfair and their betting exchange counterparts have presented the public with a new and innovative approach to placing bets, that of course removes the middleman; otherwise know as the bookmaker.

According to Betfair, during peak hours they’ve matched over 12,000 bets per minute. If someone else believes that the horse will lose the race, and they like the odds that are offered, they will lay it. Such betting exchanges typically offer punters much higher odds than traditional bookmakers, and that’s why I always recommend comparing their odds against that of the high street bookie.

How Does This System Work?

>From my own experience, I have found the arena of betting exchanges quite exciting and it’s very hard to beat the pure excitement of what Betfair calls an “in-play”. If the originally player who placed the bet likes your counter-offer – they accept and the bet is matched


Maria Menounos strips down to bikini in Times Square after losing Super Bowl bet

ByLaura Schreffler

Updated: 08:33 EST, 7 February 2012

The terms of the bet were that Menounos would ‘bare all’ if the Patriots lost, while correspondent A.J.

She wrote: ‘Flying to ny now…today is gonna stink.

‘Sorry, but you know what – I love the Pats for fighting to the bitter end. The 33-year-old Extra host gamely stripped down to a tiny string bikini in Times Square this afternoon.

He wrote on his Twitter page earlier today: ‘My girl @mariamenounos lost a Super Bowl bet & had to wear a NY Giants bikini!Big props..Look great.’

Smiles all around: Both presenters actually look happy by the outcome of Menounos' betSmiles all around: Both presenters actually look happy by the outcome of Menounos’ bet

The brunette beauty is a longtime fan of the American football team as she was born in Massachusetts.

She had to steal herself for the big reveal though as she departed Indianapolis to arrive in the Big Apple.

She may have lost a bet after the New York Giants won Super Bowl XLVI yesterday, but Maria Menounos definitely gained some new fans today. Calloway would have to wear a Patriots cheerleader outfit.

She's game: Maria Menounos stripped down to a Giants bikini today in Times SquareShe’s game: Maria Menounos stripped down to a Giants bikini today in Times Square

She wisely kept a pair of warm Ugg boots on her feet.

The correspondent doesn’t blame her team for losing, or for the fact that she had to strut her stuff in the midst of Manhattan.

Before: Menounos and her co-host stood in the middle of Times Square, fully clothedBefore: Menounos and her co-host stood in the middle of Times Square, fully clothed

After: The 38-year-old presenter is smiling, and why shouldn't he look so happy given the woman beside him?After: The 38-year-old presenter is smiling, and why shouldn’t he look so happy given the woman beside him?

She tweeted a photograph of herself earlier today wearing her robe with the caption: ‘Ready to face the music.’

The winner and loser: If AJ Calloway had lost the bet, he won have had to don a Patriots cheerleading uniformThe winner and loser: If AJ Calloway had lost the bet, he won have had to don a Patriots cheerleading uniform

Game girl: Alas, it was the Extra presenter who lost the bet, and lost her clothes as wellGame girl: Alas, it was the Extra presenter who lost the bet, and lost her clothes as well

Her 38-year-old co-host was as impressed by her dedication to keeping her word as he was to her fabulous figure. Should be 50 degrees I hear.’

. #PATRIOTpride’, she write. At least it’s not bitter cold there.

So sad: The 33-year-old pretends to shed a tear that her beloved Patriots lost the Super BowlSo sad: The 33-year-old pretends to shed a tear that her beloved Patriots lost the Super Bowl

The presenter definitely earned some appreciative glances from the men in the crowd, including co-host Lopez.

Never one to forfeit a bet, Menounos disrobed to reveal a sparkly red and blue top and brief white bottoms today.

She had promised her Extra co-host Mario Lopez that she would wear a Giants bikini in the bitter New York cold if the New England Patriots lost the Super Bowl


How to place your first football bet at a Las Vegas sportsbook like a pro

The Texans are -370 and Dolphins +300. Look back at your sheet under the M/L column. As above, CHECK YOUR TICKET FOR ACCURACY, thank the Ticket Writer and ask for a drink ticket and relax.

Now, go pick up your odds sheets, pick some winners and step up to the window. Can you see why point spreads of 3, 7 and even 10 and 14 are extremely important? And to add to your stress, point spreads fluctuate up and down as the kick-off approaches. Remember that OVERTIME COUNTS when betting totals.

Ready? Find your team and the bet number. Remember that IF your team wins AND covers the spread you will get back your original bet PLUS $10 for each $11 dollars bet. ALL bets must be placed in person, but you do not need to be in Vegas to win or collect. ALL bets must be placed BEFORE kickoff. This is the moneyline. Good choice, the Texans are 7 1/2 point favorites. If the underdog Dolphins win outright, tie or lose by seven points (or less) the Dolphins are declared the winner for betting purposes and you lose. Walk up to the betting window and tell the Ticket Writer that you would like to straight bet or just bet $110 on #466. DO NOT LOSE YOUR TICKET. Las Vegas runs on tips and good service should be rewarded. You can bet the moneyline, that is bet the Texans to win by laying $370 to win $100 + your $370 bet. Or for the same rates, you can bet that the COMBINED score will be UNDER 43 points. It is customary to bet in increments of $11 ($22, $33, $55,…$1100, etc.) when straight betting/point spread betting. Remember that teams that cover the point spread win. You can also view this information up above your head on the big, brightly lit boards, but it’s easier to grab a paper copy to study at your leisure.Find the team that you are convinced will win. Each sportsbook (or group of sportsbooks) have established minimum bets and maximum bets, ask the Ticket Writer about minimum bets if you’re a Low Roller or maximum bet limits if you are a High Roller.

Or, find your team and bet number and walk up to the window and tell the Ticket Writer that you would like to place a $37 moneyline bet on #466 the Houston Texans. You just spent (invested) $110, you deserve a free cocktail.

And finally, consider tipping the helpful Ticket Writer a dollar or two or ten. You win if they win by any number of points.

In Vegas for the weekend and you’d like to place a friendly wager on your favorite team but don’t know where (or how) to begin? Follow these simple step-by-step instructions and you’ll be able to walk up to the casino sportsbook window and place your first NFL or college football bet like a pro.

Stop by the book, short for sportsbook, and pick up the current week’s odds sheet for the sport (in this example NFL football) you are interested in. Or $37 to win $10 + your $37 bet. Good Luck.

Or, find your team and bet numbers for the game, walk up to the window and tell the ticket writer that you would like to bet $110 on the OVER (or UNDER) in the Texans/Dolphins game #465/466. More on that in future articles.What if you still like the Texans to win but heard about some key player injuries or weather changes or other factors that could affect the team’s performance on Sunday? You are still convinced they will win but not sure if they will win by MORE than a touchdown. In this example you have selected #466 the Houston Texans. The -7 1/2 under the line column indicates the Texans are 7 1/2 point favorites. This is optional when placing your bets, but a tradition when cashing your winning tickets. Now, CHECK YOUR TICKET FOR ACCURACY and if you drink, ask for a drink ticket when you place your bet. Now find the corresponding bet number next to your team and circle it. The bottom or second team listed is always the home team and has the home field advantage.Look at that point spread again. It can get you more drink tickets and even better service on your next visit.

A few final notes. The Texans are favorites, indicated by the (-) sign and the Dolphins are underdogs or ‘dogs’ indicated by the (+) sign. See the 43 in the total column? If you believe that both teams are healthy, happy and the weather will be perfect and you KNOW this game will be a high scoring game OVER 43 combined points, you can bet $11 (or $110) to win $10 + your $11 (or $100 + your $110) back. You could just as easily bet $370 or $3700. Notice that the Texans are the ‘bottom’ team of the two teams listed. Again, CHECK YOUR TICKET FOR ACCURACY, thank the Ticket Writer and ask for a drink ticket and enjoy the game.. Ask the sportsbook staff about mailing and cashing your winning tickets from out of state. Or you could bet the Dolphins for $100 and win $300 + your $100 bet for a total of $400 back – IF the Dolphins win.Another way you can bet on this game is to bet the total. For your $110 bet you would get $210 back when you cash your winning ticket after the game. In this example, if you straight bet the Texans, they must win by EIGHT points or more in order for you to win your bet. The point spread is always placed to the right of the team that is favored. When straight betting or betting the spread that team must cover the spread