Sports Betting

Greyhound racing today

Wednesday, April 29th, 2009

Several greyhounds before a race.
Today greyhound racing continues in many countries around the world. The main greyhound racing and gambling countries are:

Australia
Ireland
United Kingdom
United States In the United States there are greyhound tracks in the following 15 states

Alabama
Arizona
Arkansas
Florida
Colorado
Connecticut
Iowa
Kansas
Massachusetts
New Hampshire
Oregon
Rhode Island
Texas
West Virginia
Wisconsin

New Zealand

Smaller scale greyhound racing is ongoing in:

Many European Countries
Argentina
Brazil
China (only in Macau)
Mexico
Spain
Pakistan
Vietnam

This [...]

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Wednesday, April 15th, 2009

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Proposition bet

Saturday, March 28th, 2009

In gambling, a proposition bet (also called a prop bet) is any bet made for a sum of money that involves a proposition. An example is the professional poker player, Howard “The Professor” Lederer, a vegetarian who wagered $10,000 with a fellow gambler that he could eat a cheeseburger. He did [...]

Spread betting

Saturday, February 21st, 2009

Spread betting is a form of gambling on the outcome of any event where the more accurate the gamble, the more is won and conversely the less accurate the more is lost. A bet is made against a ’spread’ (or index), on whether the outcome will be above or below the spread. [...]

Dutch book

Sunday, January 25th, 2009

In gambling a Dutch book or lock is a set of odds and bets which guarantees a profit, no matter what the outcome of the gamble. It is associated with probabilities implied by the odds not being coherent.In economics a Dutch book usually refers to a sequence of trades that would leave [...]

Fixed-odds gambling: types of odds offered

Friday, January 16th, 2009

There are three widely-used means of quoting odds:
Fractional odds
Favoured by bookmakers in the United Kingdom, fractional odds quote the net total that will be paid out to the bettor, should he win, relative to his stake. Odds of 4/1 (read “four-to-one” or “four-to-one against“) would imply that the bettor stands to make [...]

SP bookmaking

Wednesday, January 14th, 2009

Starting price or SP bookmaking literally refers to taking bets at fixed odds, i.e. a fixed starting price, as opposed to the totalisator model of betting. This form of gambling was only legal in Australia for bookmakers operating on the course or racetrack, and so a large telephone based SP bookmaking [...]

Bank job

Friday, November 21st, 2008

 In gambling, a Bank Job is a term for putting all of your money on a particular betting option, for instance “Yankees to beat the Kansas City Royals is a Bank Job”It is often mocked by statements claiming people have “Multiple Banks” on a particular bet, for instance “I have 4 Banks on [...]

Parimutuel betting

Thursday, October 30th, 2008

Parimutuel betting (from the French language: pari mutuel, mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.The parimutuel system is [...]

Fixed-odds gambling

Sunday, October 19th, 2008

Fixed-odds gambling is a form of gambling against odds offered by a bookmaker, an individual, or on a bet exchange.
Calculating fixed odds
It is customary with fixed-odds gambling to know the expected odds at the time of the placement of the wager (the “live price”), however this category also accommodates wagers whose price [...]

Betting strategy

Saturday, October 4th, 2008

Betting strategies or betting systems are approaches to gambling intended to increase the odds of winning.
Independent Events
The following betting strategies have been recorded as being applied to games which operate on independent events. For such games, the odds of a particular outcome are identical for every bet played. No such strategy can [...]

Betting exchanges

Wednesday, September 24th, 2008

A betting exchange is a p2p gambling website acting as a broker between parties for the placement of bets. The concept is similar to that of a stock exchange or a futures exchange, where in this case the commodity being traded is a bet, rather than a stock or futures contract. Most [...]

Sports betting

Sunday, September 21st, 2008

Sports betting is the general activity of predicting sports results by making a wager on the outcome of a sporting event. Perhaps more so than other forms of gambling, the legality and general acceptance of sports betting varies from nation to nation. In North America, for example, sports gambling is generally [...]