How To Bet In Roulette and Win

Online roulette is one of the most popular games played online. It’s exciting to play, the rules are very straightforward and it provides some of the most favorable winning odds and payouts at the casino.

There are basically two types of bets in roulette, Inside Bets and Outside bets. These type of bets take their name due to the position of such bets on the roulette table.

Of these two types of bets, the outside bets offer the best chances of winning but they also feature a lower payout to players. Additionally, you may also have to place a higher wager on the outside bets than you do on inside bets.

Roulette Outside Bets

One of the most popular type of bets is betting on Red or Black, also known as Even Money Bet. The reason why this type of bet is so popular is because the odds of winning are almost 50:50 although the true odds are really 1.111:1 and if successful this bet will return you bet at 1:1.

Many roulette players use this kind of bet if they want to wager to contribute to the wagering requirement of a free bonus or more commonly if they’re implementing a roulette betting strategy.

This type of outside bet offers players the lowest betting risk but also the lowest return on their wager.

Other popular outside bets, that feature the same payouts and odds of winning, are betting on the ball landing on numbers 1-18 or 19-36 and also an odd or even number.

If you’re looking for higher payouts then you can use the Column and Dozens bets. Both the column and Dozens offer a 2:1 return on your bet with a slightly higher risk of losing of 2.167:1.

Inside Bets

The Inside bets are the most attractive bets in roulette with the largest payout at 35:1. This massive payout is triggered if you successfully place a Single Number bet.

The probability of winning on a Single number successfully is 37:1 which gives the house a much larger edge. A Split Bet is when you place a wager on two adjoining numbers either vertically or horizontally and it offers a payout of 17:1 with a 19:1 odds against winning.

If the Single Number is too risky for your taste, you can opt for the Street Bet. This type of Inside Bet offers you a payout of 11:1 an a house edge of 5.26%.

A Street Bet is nothing more than staking on any three horizontal numbers for example 1,2 and 3 or 4,5 and 6. A Corner bet is another option that offers a good return on your stake with a higher probability of winning.

This type of bet is when you place a chip in the corner of four adjoining number in a block, for example 1,2,4 and 5 or 17,18, 20 and 21. A successful Corner bet will return your wager at 8:1 with a 10.53% probability of winning.

There are hundreds of websites out there that offer roulette secrets with testimonials from seemingly happy customers.

Don’t be fooled by these websites, they’re only trying to either sell you an e-book which is completely useless or they’re trying to steal your credit card details.

There is simply no way to cheat at roulette and win every time, not even in the long run. There are, however, other effective ways to improve your chances of winning and make your roulette sessions more fun.

Tips For Winning In Online Sports Betting

People around the world spend billions of dollars betting on the results of their favorite sporting event. Big fans of certain sports bet just for the fun of it, but there are professional sports bettors that make sports betting as their main source of income. But it doesn’t matter what kind of bettor you may be, both of these kinds of bettors have one thing in mind, and that is for their bet to win. So because of this, a lot of people who are engaged in online sports betting want to find out how can they be able to increase the likelihood of their bet to win.

Winning in an online sports betting involves several factors. A bettor should carefully consider these factors in order for him or her to have a good chance of winning. There are several expert advices available online that can help you become a professional online sports bettor. Some of these expert advices come with a minimal fee but there are others that are given for free. So below are several tips that you can use in order for you to win and have fun in an online sports betting.

One of the most important factors when betting on sports on the internet is none other than the knowledge of the entire game. One must understand how the betting procedure works and learn about the sports betting lines and the various types of odds that should be followed. There are some online sports betting websites that gives the bettors several tools that can be used to assess the game so you can make the best pick in whichever sports you will be betting.

Aside from being knowledgeable about the system and the entire sport where you’ll be betting, it would still be important that you keep in mind to bet wisely. Some online sports betting sites have a money management system that can help the bettors track their money so that they won’t bet more than what they want to lose.

Another important thing that bettors should possess is learning how to control their feelings or emotions. Don’t let your emotions get in your way. Part of the game is losing, there’s no sports bettor who hasn’t lost in the history of sports betting. But what’s important is that you remain calm even when you lose, because the point of the game is to get more wins than lose. This is also true when you’re in a winning streak, as most bettors become more aggressive and impulsive. If you feel that it’s your lucky day, then don’t ruin it by making unwise bets.

Always remember that don’t place a bet because you just feel good about it. You must always make sure that it is indeed a good bet. Otherwise, you’ll just lose your cash. The key to winning in an online sports betting is to have a good system of betting and assessing each game.

Betting Discipline – Fun Bets and the Inevitable Losing Runs

Finding an Edge in Sports Betting was the first article in this series in which I discuss the tools necessary to become a successful gambler and while this is the single most important aspect if you want to beat the bookies, or your fellow betting exchange players, it is not the only requirement to be successful. Betting Discipline is perhaps the reason why many who can find that elusive edge don’t go on to make long term profits.

When I talk about betting discipline I mean your ability to handle the inevitable losing runs, and to only place bets when you feel you have an edge. Fun Bets or Interest bets are the downfall of many otherwise profitable gamblers. A fun bet is any bet you place that doesn’t meet your normal criteria for a ‘value bet’. It could be a wager on the Monday night football just because it’s on TV, even though you have no strong fancy, or it might be a bet on a race at Wolverhampton while you’re waiting for your main bet to run at Newmarket. These type of bets are a drain on, and could even eliminate, the profits you make from your main bets, the ones you really fancy. The ones you’re confident you have an edge on the market with.

If you’re local casino had a special offer, where every hour on the hour they tossed a coin and offered everyone present 11/10 on heads, you would have found an edge. In the long term by backing heads each time you will win money on this offer, providing of course that Del Boy didn’t supply the coin! Let’s say this offer was limited to a $100 bet per person. Your expectation for each bet would be a profit of $5 ((50% of (100*2.1) – $100)). So if you pop into the casino just before the hour for six hours every day you will make on average a profit of $30 a day. You have an edge and you’re exploiting it to make an overall profit. If however you take up residence in the casino for the day, and whilst you’re waiting for your hourly bet, you play some blackjack. Let’s say the casino has an edge of 2% per hand and you play sixty hands an hour, meaning that if you bet $10 a hand you would have an expected loss of $12 an hour. So while your waiting to place your hourly ‘value bet’ your also placing lots of smaller bets that more than eliminate the profits your making from the coin toss bet.

The above example might not be realistic in that casinos rarely offer such incentives but many punters follow a similar line every day. They might go to their local bookies, or sit and watch the racing on TV, but the general policy will be to back a horse for interest in most races. Just like the casino example most punters don’t have the discipline to wait for the bets they think they have an edge with. Having a bet in every race is fine but only if you can find a bet you believe to be value. If you have four or five strong bets for the day and dilute them with numerous fun bets all your good work in coming up with the value selections will be wasted by your lack of discipline.

If I price a horse’s true odds at 2.26 and I decide I’ll lay it at 2.0 on Betfair, then unless my true odds change to account for new information, I won’t lay at any higher than that. If the horse is 2.02 many might think that’s close enough, but it’s not. There’s no point in having a maximum lay price or minimum back price if you’re going to break it. If you decide 2.02 is close enough, well then 2.04 is close to 2.02 and 2.06 is close to 2.04. Where do you draw the line? Before you know it you’re laying the horse at your true odds price, and after you’ve paid commission you will end up a loser if your true odds were right. So you could correctly predict the probability of an event happening but lose money long term because you couldn’t resist the temptation of having the bet even though the price wasn’t right. If you want to bet for fun then that’s fine, and I can think of a lot worse things to do with your money but if you want to be a consistent long term winner than you have to have the temperament and discipline to knock those ‘fun bets’ and bets that don’t meet your price criteria on the head. No matter whether you only bet when your price criteria is met, or if you just bet for fun, you should always get the best price, which means opening as many accounts as possible and availing of bookies free bet offers while your at it.

There are punters who normally only place bets where they feel they have an edge, and while they could be successful long term; a losing run can often be enough to derail their attempts to make a living from the game. Well that’s obvious I hear you say, and it is obvious that losing runs will dent profits, but it won’t prevent you from making money overall, but how you handle them might. Just because you make money long term doesn’t mean there won’t be periods of short term losses, I should know I’ve gone through loads of them. How you react to these set-backs is vital to your continued success. When I say ‘react to them’ maybe it wasn’t the best choice of words as the best thing to do is not to react at all. If a losing run is the only reason you need to change your methods, or causes you to chase your losses than you’re on the slippery slope to a career change, as more often than not the losing run will fall within an entirely expected sequence of results. For instance if you had an expected strike rate for a series of bets of 50% did you know that in a series of 40 such wagers you will get 14 or less winners over 5% of the time? Basically this means if you do 800 such bets and get 400 winners there will normally be one 40 bet series in which you only had 14 winners. If you take this series of bets in isolation you would be losing money backing at 11/10 and could incorrectly deduce your system was flawed in some way. That’s why certain statistical tests are used so you don’t overreact to short term results.

It’s vital to analyse your results to determine if the results are just due to bad luck or perhaps some variable might have changed which could explain your lack of success. If however after this analysis you can’t find any reason for the downturn and the results experienced fall within what might be expected in an unlucky period then don’t do anything different and your luck will turn. I will talk more of what type of analysis you can do in future articles.

The next time you’re looking at the TV contemplating having a bet on the 1/1 Fav ‘just for interest’, consider this. If your life depended on picking a winner and you had a choice between the 1/1 fav you were thinking of backing, and heads in a coin toss, which would you pick? If you picked heads then you can’t justify backing the horse, and for what’s it worth, I have a feeling your life expectancy might be a little bit longer too.