Progressive Sports Betting System

In the world of sports betting as well as other gambling endeavors, the key to long-term success is enshrined in good bankroll management. While there exist more than a few methods out there that could prove worthwhile, the most fundamentally sound strategy that should be prioritize is progressive betting.

What is progressive betting? Progressive betting is basically when you stick to a set amount for each bet depending on the size of your bankroll, then increasing the amount of money per bet as your profit grows from the starting point. Identical methods are being used alongside many instructional orders on other gambling-like games like craps, blackjack. The recommendation usually varies wildly depending on the author but I personally advocate a more conservative stance than the majority of these authors simply because they tend to endorse a too risky and unsafe strategy once you’ve managed to grow your bankroll.

When betting on sports, discipline does not come easy to implement for a sports bettor. It is a skill that must be conquered for you to have long-term success in sports betting, as long as you took the time and effort to establish handicapping insight that has demonstrated a consistent winning record.

Let me give you an example that utilizes an effective conservative approach while at the same time, allows you to keep good discipline. Keep in mind that when gambling, a certain amount of swings will always be involved, therefore, it is crucial to be able to withstand losing streaks that could erase any profit you previously made alongside your initial bankroll money you started with.

Let’s say you begin with a bankroll of $2,000 in which you could have probably deposit that money in a reputable online sports-book or keep this money set aside for your sports betting future activity. In that case, the recommended unit size should be $44 to win $40 for each game which amount to about 2% of your bankroll in play. More than a few experts would proceed in suggesting you to risk 4 or 5 percent but the risk with a higher figure will be the limitation of your flexibility should you hit a prolonged losing streak. It may eventually take time to build up your bankroll, but you should always remember that sports betting is more like running a marathon, not a print.

With everything stated above, let us say that you’re averaging 1 bet per day for a full year, and ended up with a very respectable overall record of 210 wins and 150 loses. After taking into account house juice for each bet, you are left ahead with about 50 units or an additional $2,000 on top of your initial investment. With that conclusion, your initial bankroll of $2,000 would have been doubled in a span of a year to $4,000.

Now that your bankroll is standing at $4,000, you could ante up your bet to $88 from the previous initial bet size of $44. So you will basically retain the same 2% of your bankroll put into play but you will now be yielding twice the amount of profit that you started with. Logic should take hold with the fact that since you were able to double your starting bankroll of $2000, you would have probably achieved a proven track record as for your betting performance, thus allowing you to risk even more of your bankroll.

With everything being said, you still do not want to go crazy here and put all your profit at risk by increasing your bet size too much. Instead of going big, a conservative unit size bump of about 3% would yield a much better win percentage while still having some type of protection against cold streaks to fall back on. In this case, you may start entering bets of $120 to win $110 for each game which is just about 3 percent of your precious bankroll.

If you decide to use the 3% method, all you’ll need to do is clear about 17 units to make your next $2,000 as opposed to the 50 units that would have been necessary to profit the same amount when you started.

As soon as you get more comfortable with this skill set and start seeing consistent positive results, the next step could be to start rating the quality of your picks and then incorporate it into a big strategy that could improve your betting system.

Let me give you another example to clarify things further. Let’s say your standard unit size is $44 per bet but on certain occasion, you feel more confident about certain games. In this case, you can announce that your confidence level for this particular game is so high that you will bet “2 units” instead of the original and standard “1 unit.” That should mean your wager would have to increase from $44 to $88 because it is now a 2 unit play. It is of course important to keep record of your larger unit size so that you know whether it is worth increasing your betting size. Unless you can demonstrate a winning rate of about 65% on those high confidence 2 unit size bet, it would not be worth going through with it. At this point, it would be best to keep it simple and fully go back to the original 1 unit size bet for all bets.

So remember, you should not force yourself to increase the size of your bet if the amount of money that would be needed makes you uncomfortable. Keep a performance track record so you know whether to discontinue certain part of your betting strategy. You will surely gain more experience and confidence as you go and this will allow you to be able to analyze your situation and make the needed fix when it requires it.

In the meantime, the best strategy that I would recommend to someone who is just getting started is to keep their wager at a consistent unit size, specially if it is showing a winning rate. There is simply no need to over complicate things too soon and risk losing it all because you got too greedy.

Online Gambling Basics

Poker, black jack or any other casino game with a real fancy name, any lay man acquainted with the web knows that these are only a click away. Online gambling industry today is one with the highest growth rate. However which site to choose is definitely the biggest problem that one faces when seriously thinking about gambling online. With sites by the dozen offering “online gambling” there are other hundred offering you to start your own site, the scene can get a lot confusing.

Though site offer all traditional card games like poker and black jack and other casino games like roulette and slot machines, but the roots of internet gambling still centre around sorts betting and horse racing.

The concept is quite sensible considering that not everyone is comfortable with the terms and other nitty gritty of various dice games, while the picking the scores of a super bowl game is relatively easier.

According to various stats as published in Sports Illustrated sports betting touched as much as 1 billion $ which is 10 times the figures placed with traditional Nevada sports books. Betting on horses is also hugely facilitated by theses sites as while all major races are broadcasted on major television channels and other programmes cover highlights of the races, but getting on the tracks can get difficult, if you do not live in a state where the tracks are located.

While the federal wire act1961 made it illegal to use telephone to place bets, thus driving the prospective gamblers from other states out of luck, however the arrival of internet on the horizon changed the scene.

Popularity gained by poker in the recent years has been another reason for the success of online gaming in the recent years. Te success of the Travel Channel’s World Poker Tour program and ESPN’s World Series of Poker, have pushed other channels also to start airing these shows.

Poker though may easily be the most successful online gamble game but sites are trying to popularise the real games like black jack and slots by vigorous advertising which includes bulk email advertising. The emails sent by Golden Palace.com, one virtual casino offers as much as 58 casino games, meanwhile offering chat rooms and other premium services.

Interestingly online betting is not the only way to spend money. There are industry sites such as the River City Group, based in Missouri open for subscription starting from$245.Those not ready to spend money right away there are fee software to be downloaded to play poker or other games. There also are free practise areas to learn and play for free. However the catch lies in the fact that success in these free areas are a sure invitation to the real gaming world, where however winning is not so easy. The odds might be against you but in the world of software tricksters it’s always easy to make a winning way out. So online gambling in fact a contest between the owner and the player. But in either case it’s the winner who gets it all.

Poker Calculators and The Sklansky Group Hand Rankings

You may have noticed that while using your poker calculator it displays your hand odds while also using terminology like “hand rank”, “group”, or “group rank” all of which in some way or another refer to author David Sklansky’s Group Hand ranking for hold’em poker. Originally described in the classic book, “Hold’em Poker for Advanced Players”, Sklansky rated all the starting hands and put them in groups according to their similar win rate.

By clustering hands based on win rate and strength, it’s easier to keep track of basic betting strategies associated with each individual hand. For example, in Sklansky Group 3 hands you will find 99, AQ, ATs, and JTs among others. The best cluster though is Sklansky’s Group One which includes AA, AKs, KK, QQ, and JJ. They are going to show very high percentage win rates on your poker calculator as well as “raise, and re-raise” recommendations.

In adopting the Sklansky Group of Hands your poker calculator could in effect make you a “book player”, because many, especially the mathematical poker calculators don’t take other factors into account at the poker table. However, as a guideline, your poker calculator is going to have the exact odds, and correct mathematical indication served up for you, David Sklansky style.

Poker calculators have adopted this because, well they are just software designed by programmers, and not necessarily poker enthusiasts, but Sklansky is a Poker icon, educator, and author. I have had several poker calculators running at the same time for testing, and have found very similar results and percentage recommendations, because they generally use the same statistical backbone as Sklansky Group of Hands.

The difference between them lie in how their other features are factored in, such as how it monitors your position, how many players in the pot, how many tight or aggressive players, stage of a tournament, and if a player’s stake is up or down significantly.

Although published years ago, by using The Sklansky Group of Hands, poker software offers credibility to the ranking system, although it sure didn’t need it. Professional players have known these rankings and what to do with them for years. Seasoned opponents will also know how to use them against you, if you are an obvious book player, so mixing it up is always a good idea.

Some other books published by David Sklansky include The Theory of Poker, Tournament Poker for Advanced Players, and Hold’em Poker.

Tips and Expert Advice on Playing Slot Machines

Everybody tries their luck at slot machines, but only a few fortunate souls hit the jackpot. Though luck is a major factor that you need to have on your side, there are a few practices, methods and techniques that players need to adopt to stand a better chance to win. There is no strategy or hidden agenda that guarantees a jackpot. Individuals that are regulars at casinos offer expert advice on playing slot machines (or pokies) to individuals that are trying their luck for the first time. Although there are several doubts and concerns among players on functioning of pokies, the mechanism is simple and easy to understand. It consists of a RNG (Random Number Generator), a computer chip that generates numbers constantly.

Symbol combinations and numbers are randomly selected by the RNG every time an individual pushes the spin button or pulls the handle. Expert advice on playing slot machines is offered by several poker websites. There are assumptions and beliefs about slot machines triggered to hand out low payouts, some of which may be true, but most slot machine payouts are determined by a precise moment at which the spin button or handle is pulled by an individual that sets the winning combination. Although there are different types of pokies you can try your luck in casinos, it’s the RNG mechanism that determines ones luck. Seasoned casino players provide expert advice on playing slot machines in books and magazines.

The payout schedules differ in accordance with slots in different casinos. Research reveals that the highest payout is usually won on a maximum bet, which means the maximum number of coins you use on a bet better your chances of winning the highest payout percentage. Expert advice on playing slot machines can be found on websites that provide information on casinos online and gambling. Always make sure you segregate your bankroll in accordance with how many days you plan to try your luck with slot machines. For instance if you have $1200 that you plan to spend on betting sessions in 4 days, make sure you utilize $300 a day for gambling sessions. Do not exceed the bankroll amount.

Keep earned credits separately and spend only from the initial bankroll amount you’ve decided, you’ll be surprised to walk away with significant earnings. Gambling aficionados and enthusiasts offer expert advice on playing slots that can be extremely helpful. Frustration and lack of patience can keep you away from winning a high payout. If you feel frustrated it is advisable that you take a break and start a session on a different slot machine, or attempt another game.