Sports Betting

Calcutta Auction

Friday, February 6th, 2009

A Calcutta Auction is an open auction held in conjunction with a golf tournament, horse race, or similar contest with multiple entrants. It is popular in Backgammon and is currently enjoying rising popularity for NCAA Basketball pools during March Madness.Bidding for each contestant begins in random order, with only one contestant [...]

Basketball

Tuesday, February 3rd, 2009

Sara Giauro shoots a three-point shot, FIBA Europe Cup for Women Finals 2005.
Basketball is a sport in which two teams of five players each try to score points on one other by throwing a ball through a hoop (the basket) under organized rules.
Since its invention in 1891, it has developed to [...]

Jai alai

Saturday, January 24th, 2009

Jai-Alai (pronounced hi-lie in English and hi-ah-lie in Basque) means “Merry Festival” in the Basque language. The term is used to denote a fronton (or open-walled arena) used to play a variety of Pelota called Cesta Punta, and, more broadly, to the game itself. The game is characterized by the fast [...]

Baseball

Friday, January 23rd, 2009

A view of the playing field at Wrigley Field, Chicago, Illinois
Baseball is a team sport popular in North America, Latin America, the Caribbean and East Asia. The modern game was developed in the United States from early bat-and-ball games played in Britain, and it has become the national sport of the [...]

Bar bet

Tuesday, January 20th, 2009

A bar bet is a bet made between two patrons at a bar. Bar bets can range from wagers about little-known trivia, such as obscure historical facts, to feats of skill and strength. Some bar bets are intended to trick the other party into losing.
Famous bar bets

The annual Midnight Sun baseball game [...]

Parimutuel bet types

Sunday, January 18th, 2009

There may be several different types of bets, in which case each type of bet has its own pool. The basic bets involve predicting the order of finish for a single participant, as follows:
In North America

Win – A first place finisher wins the bet.
Place – Either a first or a second place finisher [...]

Sportsbook

Thursday, November 13th, 2008

A sportsbook (sometimes abbreviated as book) or a race and sports book is a place where a gambler can wager on various sports competitions, including football, basketball, baseball, hockey, soccer, horse racing and boxing. The method of betting varies with the sport and the type of game. The more prominent the [...]

Sports betting systems

Thursday, November 6th, 2008

Sports betting systems refers to a set of events that when combined for a particular game for a particular sport represents a profitable betting scenario. Since sports betting involves humans, there is no deterministic edge to the house or the gambler. Systems allow the gambler to have an edge.Sportsbooks use systems [...]

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 [...]