CategoryParlay betting

Parlay betting

Betting on Sports – 6 Winning Rules by Don Stark

Watching ESPN and/or reading opinionated articles by sports writers on the Internet is not the proper way to do your homework. If you bet 3 teams straight action and only win 2 of the 3, you’ve just made money. Conversely, if you’re on a losing streak and the bankroll goes down, the size of your bets will decrease accordingly. Over the course of a year, that ½, 1, or even 2 point difference will come into play many times, and trust me…it will add up to a lot of money.

Whether you’re a recreational player or actually doing it solely for a profit, may you always have more winners than losers, and always remember to have a lot of fun along the way, but stick to the rules. Drugs (legal or otherwise) and alcohol can cloud your judgment and will lead you into making decisions that you normally wouldn’t make. Always look for the best prices or the best numbers. To be done properly (and profitably), here are some very crucial rules one must follow. The payoff odds and point spreads are not carved in stone throughout the industry, and on any given day, they can vary greatly between different shops. Unexplainably, wins and losses often times run in streaks, so slowly increase your bets on a hot streak and back off on cold streaks. If you’re sick, you go see a doctor. If betting on sports is more than just a recreational pastime, or if you just don’t have the time or resources for Rule #5, seriously consider employing the services of a professional sports handicapper. Whichever group you fall into, sports wagering must be treated the same as any other financial investment. It’s a proposition for losers only, so don’t do it. Stick to straight action only. Research several sports books thoroughly and compare the numbers. If you’re winning, the 2% per wager automatically increases as your bankroll increases.

Rule #4 – DO NOT Play Parlays or Teasers – Parlays, teasers, and other exotic wagers are offered for a reason. Secondly, never wager more than 2% of your total bankroll on any single wager. If you’re on medication, drugs, or alcohol, or if you’re just in an upset or disturbed mood, be smart and don’t play until you’re back to 100%. Then, before making your wager(s), check each book and always take the best number on your particular event.

Rule #1 – Use Proper Money Management – This rule is the one that is most neglected and explains why Vegas keeps on building all of those multi-billion dollar casinos. While some do it just for recreation or to make watching a TV game more exciting, there are others who will always wager on their favorite team or player, period. Stick with 2% and never double up and chase lost money. .

Rule #5 – Perform Due Diligence – As a bettor, you normally have the opportunity to do research well in advance of having to make that final decision on a wager. For example, if you live in California and become an expert on the PAC 10, you can increase your chances of winning by focusing on just your niche. If you set aside $1,000 for gambling, your individual bets should be in the $20 range and no more. If you’re serious about winning more bets than you lose, you should listen to a professional.

People all over the world love to bet on sports. Most people just don’t have the time to properly study things like past statistics, line moves, trends, angles, valuable lines, inflated numbers, and much, much more. That gives you an automatic advantage over the bookie, so use it to the fullest extent. However, there is an elite third group out there who bet sports with one and only one purpose in mind…to make money.

Rule #3 – Spend Some Time Shopping – This can be compared to shopping for a new car or even for groceries. Since you’re reading this, you’re probably part of that majority. Yes, you can bet a 3-team parlay, and if you win, it normally pays in the vicinity of 6 to 1 in football and basketball. If it were really possible for anyone to consistently pick 3 out of 3, parlays (and teasers) wouldn’t be offered by the sports books. Hook them all together in a parlay and you must win all 3, or you’re sunk. Never wager more than you can afford to lose, so be honest with yourself on what you can comfortably set aside for recreation or otherwise. To be successful at anything, your mind needs to be 100% clear and functional. Rule #6 – Seek a Professional – There is a wealth of valuable information available on the Internet but you have to take the time to do proper and thorough research. One of the best ways to win at sports wagering is to maybe find your own special niche and then follow it closely. After checking several well-established and solid options, decide on 2 or 3 of them, and then divide and deposit your initial bankroll equally amongst each one.

Rule #2 – Never Gamble Under the Influence – To coin a phrase, “Speak when you’re drunk and you’ll probably make the biggest speech you’ll ever live to regret.” The same sensible theory applies to betting on sports

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Pro leagues try blocking sports betting in N.J.

The pro leagues and the NCAA sued later that year, and Shipp and the appeals court ruled against the state’s effort to have PASPA declared unconstitutional.

The leagues filed a motion in federal court in Trenton, N.J., seeking an injunction that would stop the state from allowing casinos and racetracks to offer sports betting under legislation signed into law by Republican Gov. Of the three, only Delaware offers parlay betting in which bettors must correctly pick several games to win money.

None of Atlantic City’s casinos has released a plan to offer sports betting. This material may not be published, broadcast, rewritten, or redistributed. Chris Christie last Friday.

The National Football League, the National Basketball Association, the National Hockey League, Major League Baseball and the NCAA, in their filing, say New Jersey’s new law violates the 1992 Professional and Amateur Sports Protection Act (PASPA) by offering what amounts to state-sponsored sports gambling by restricting it to casinos and racetracks that are already heavily regulated by the state.

NEWARK, N.J. That is seen as a way around a 1990s federal law that restricts state-sponsored sports gambling to Nevada and three other states. The U.S. All Rights Reserved. Supreme Court declined to hear New Jersey’s appeal.. He had been scheduled to hear arguments next month on whether he should modify his 2013 order prohibiting sports gambling in light of a subsequent appeals court ruling that sports gambling supporters saw as offering a legal justification. A spokeswoman for the Meadowlands Racetrack said Monday the track had no plans to implement sports wagering and was taking a wait-and-see approach.

This summer, Christie vetoed an altered version of the sports wagering bill that would have removed sports betting from state control, but in early September he issued a directive for Hoffman not to prosecute casinos and racetracks that offered sports betting.

New Jersey’s latest effort is “in clear and flagrant violation of federal law,” the brief states, adding that the law Christie signed “is nothing more than a de facto authorization of sports gambling.”

A spokesman for Christie didn’t comment after the filing was made Monday, citing the pending litigation. On its website, Monmouth Park announced it would “begin offering and accepting wagers on sporting contests and athletic events on Sunday, Oct. – The four major professional sports leagues and the NCAA filed papers in court Monday to stop New Jersey’s plan to allow legal sports betting beginning this weekend, when gamblers could become the first in the nation outside Nevada to wager on single games.

Monmouth Park, a horse track, is the only location that has said it’s ready to accept wagers and has outfitted an area for a sports book operation. We’ll see what happens.”

New Jersey voters overwhelmingly approved a nonbinding referendum on sports gambling in 2011, and Christie signed sports wagering legislation in early 2012. Earlier in the day at a campaign event before the filing was released, Christie said, “We’re moving forward. But acting state Attorney General John Hoffman withdrew the state’s request for the hearing after Christie signed the law.

In that appellate opinion last November, the judges wrote that “we do not read PASPA to prohibit New Jersey from repealing its ban on sports wagering.”

© 2014 The Associated Press. It wasn’t immediately clear when U.S. 26.”

The bill Christie signed effectively repealed the state’s laws against sports gambling. District Judge Michael Shipp would rule on the leagues’ motion