Why You Will Lose Money by Sports Betting

The odds just don’t allow it. It is all down to maths. The exchangetakes a 5% cut from the winner of the bet. They offer generousincentives for you to join them with some sites offering to match your depositup to 200 and do you know why? It’s because they know that they will get theirmoney back plus most of yours.. Exchanges usebots (software) to keep the odds markets artificially fluid that ensure thatpeople will bet more, especially when an event is in running.

Theonly person to win is the bookmaker, when did you ever see a bookmaker riding abicycle? Never is the answer. Youmay even manage it once but then to keep on doing it, is very unlikely.

Betting Exchanges

A betting exchange is different to a usual bookmaker because youare matching your back bet with a lay bet placed by someone else. A very simple example:

I place a 10 bet on Chelsea to win

Even if you do become successful and manage a winning streak,the chances are that bookmakers will limit or even suspend your account and insome cases just refuse to pay out. In reality it’s much morecomplicated. That was a very simplistic example. In practice making abook (as they call it) is almost impossible. If Chelsea draw then I lose 10, I can only winif Chelsea wins.

You could win eight times out of ten then lose all your profitson the two games Chelsea lost or drew. Chelsea are expected to win most of their games and so the oddsfor Chelsea to win are very low, whereas the odds on the other team to win andthe draw are quite high. Nowadays, there is a way for you to become thebookmaker, due to the emergence of Betting Exchanges such as Betfair andBetdaq.

Intheory you can become the bookmaker by laying every outcome so that you willmake a small profit once you have paid out to the winner. Itis very unlikely that you will ever get the odds needed to complete a book. In other words, the more successful youbecome then the less you will actually win until eventually you lose any profitthat you gained.

If Chelsea wins then I win 10 – 5%

The only people who are making money out of gambling are the bookmakers;the exchanges and the spammers who sell systems that promise you the earth.Don’t fall for it; within a few months they will be selling another systembecause their earlier ones don’t work.

Someone else bets 10 that Chelsea will not win.

Gambling over the Internet

Sportsbetting has never been easier to do. It is these differences in the betting odds thatensure that you will never win at sports betting.

Can you see that I am at a disadvantage from the start? IfChelsea lose then I lose 10. There are literally thousands of sites onthe Internet all dying to get their hands on your money

Slot Machine Tips – InfoBarrel

Also always play with coins instead of bills, this will slow you down and keep you from burning through all of your money.Step 5Use a Rewards Card.

Most casinos offer a rewards card that lets you earn comps for playing at their casino. If you can’t afford the highest bet, play on a lower denomination machine where you can bet the maximum amount. So don’t beat yourself up if someone hits the jackpot on a machine you were just playing, you would have had to pull the lever at the same second as them in order to hit the jackpot.

Tips & Warnings-Gambling can be very addictive and dangerous. Slot machines have grown in popularity because they are so fun and easy to play. Different machines are programmed to payout at different rates, and you want to maximize your chance of getting a machine with a good payout rate. So next time you head to the casino, keep these slot machine tips in mind.Things You Will Need-Spare money

-Risk tolerance

-DisciplineStep 1Finding a Machine.

Before you start playing slots it is very important to stake out a good machine. People that play the tables, or bet on sporting events don’t tend to play the slots very often, so the loose machines probably wouldn’t entice them. These are some good places to look for loose machines:

-Any machine on a raised platform. These machines are more visible from the whole casino than others, so they are more likely to payout.

-Machines in the area surrounding snack bars. Every spin is independent from the last spin, and the chances of any spin hitting are exactly the same as any other spin. You should avoid machines in the following areas:

-Around the bathrooms. There is a very common misconception in gaming that machines that haven’t had a jackpot in a long time are due to hit one soon. This may include free food, drinks, rooms, or shows. This article explores some simple slot machine strategy that will help you make the most money you can playing slot machines. Also the casinos stand to make more money off of the high stakes of tables and sports betting, so they don’t want these people to leave to play slots.

Step 2Understand Statistics.

Statistics can be very counter intuitive and it is important to have an idea of the numbers that drive the machines. If you are using a rewards card, even if you lose your entire bankroll, at least you won’t have to pay for drinks next time you come.


Slot machines have gone from a marginal game at most casinos to one of the main attractions. This is absolutely false. The casinos then place lower paying machines is less visible areas so that once people are drawn in by the loose machines, they will spend their time playing machines that the casinos make more money off of. If you don’t bet the maximum amount you may hit the jackpot and only make a fraction of what you would have otherwise.Step 4Manage Your Bankroll.

Never start playing without a plan. You can find a payout table on the front of each machine that tells you the payout percentage for each bet. Base your play solely on performance.

-Try the machine next to you. Place strict limits on how much you are willing to lose, and never keep playing to try and recoup losses. Even if you have flipped heads 1000 times in a row, the 1001st flip still has a 1 to 1 chance of landing on heads. If someone is waiting for their friend in the bathroom, they are probably going to play to pass the time whether or not the machines are paying out.

-Near the entrance. They will often help direct you to the highest paying games because it will keep you at their casino over others.

*Picture provided by Corpse Reviver at wikicommons

. Casinos program these to payout in order to lure people back onto the gaming floor; they make more money from slots than selling food.

-Machines near change counters. In addition to being fun, slot machines can be very lucrative to play if you approach them the right way. The idea is to place loose machines in highly visible areas so that people see and hear when people win, and are encouraged to keep on playing. Casinos that placed loose slot machines near the entrance found that people never went any further into the casino, so they moved the loose machines further in.

-Near the table games, or sports/race betting area. Also keep in mind that the outcome of each spin is determined by a random number generator that is always running whether or not someone is playing the machine, this means that the split second that you pull the lever determines the outcome of the spin. Casinos want people in line to see other people winning so that they get excited about playing, and get more money changed.

Casinos also place low paying slots in certain areas because they won’t help win customers. Different slot machines payout at different rates depending on their programming, slot machines that payout at high rates are called “loose” and are the machines that you are trying to find. It is also a good idea to break your bank roll into smaller session specific amounts, say you are going to the casino all day with 500 dollars, break it into $250 for before lunch, and $250 for after, this way you won’t go broke a long time before the end of your day. Step 3Always Play the Maximum Bet.

On most slot machines you can only hit the jackpot if you bet the maximum amount. Casinos don’t place two loose machines side by side, so if you are playing a tight machine, the one next to you may be better.

-Talk to floor workers.

Once you decide on what stakes you are playing with, your next task is to find which individual machine you want to play. There are better ways to make money than playing slots, so just try to have a good time, if you win, that’s icing on the cake.

-Don’t pick a favorite machine. Think of flipping a coin for example, every time you throw it the odds of getting heads are one to one. Slot machines are no different, if you have been loosing on the same machine all day, change machines, the machine you were losing on is probably just a tight machine. Reward cards are free and they don’t take long to register, so there is no reason to not get one. Since machines that take larger amounts of money payback more, always make sure to play the highest stake machine that you can afford with your allotted bankroll. Casinos spend lots of time and effort placing their loose machines where they will maximize profit. Higher denomination machines payout at higher rates, with one dollar and five dollar machines often paying out in the 95 to 98 percent range. Picking a favorite may make it hard to leave when you are losing. Don’t get too emotionally involved, or you may pay for it.

-Play for fun. Try playing only with your original bankroll, and pocketing any winnings, this way you will always have something left when you go home

Enabling Sports Betting Via The Internet

PokerStars also conduct WCOOP, SCOOP, TCOOP tournaments as also the Sunday Million and Sunday Warm-up tournaments, which attract the best in online poker. He would have to place his initial bet, and if he does not win, he will get back his money. In live betting, you can keep up with the game and wager a bet at any time when you feel you have a feel of the game and how things would be going.

At 888sport, they cover any kind and any amount of betting on various games like cricket, football and other sports, inclusive of politics and TV bets for programs like Big Brother and X-Factor.. It offers up to 20 pounds of free bets for new registrants who take part in sports bet and for those inveterate gamblers, they give away amounts up to 200 pounds that the novice can utilize in the poker or casino segments of the site.

The site also provides live sport betting odds for several events as they occur daily, permitting their customers to view the event and bet on the result as the game goes on, thereby making the site one of the best. With 888sport, the customer will have something to look forward to, other than just the excitement of winning.

The 888sport was born in the year 2008. They have an exclusive I-card, using which, participating in online horse betting takes the client on to a very different dimension.

Many of the more experienced people, who wager bets, prefer 888spport because they find that betting can be faster on this site. It allowed its clients who loved playing poker, roulette, backgammon, bingo and various other casino gambling games, to participate in sports betting via the Internet. They offers their customers not just the option to partake in online football or online horse racing betting, which are their forte, but they also offer the set up for online sports betting from rugby to swimming or for that matter, even specific bets on the winner of the Oscars and the Elections for the presidency. More than anything else, the people who wager bets realize that, their account is secure, as the company utilizes a system that ensures that all payments are carried out correctly and securely.

While on the subject of gambling, PokerStars poker tournaments are famous for their variety of games and buy-in levels. They also run the European Poker Tour, which many consider the worlds richest poker tour.

PartyPoker Poker Tournaments evoke the ultimate thrill in poker, irrespective of the fact that you are playing a few 100s or 100,000s dollars. The tournaments in PartyPoker include the sit & go, Multi-table, Shootouts, heads up, shootout-satellites and Bounty tournaments, all add to the thrill.

888sport believes to be one of the excellent online betting sites, because it offers wonderful betting offers ranging from a new customers welcome bonus on his initial deposit to different kinds of promotional bonuses that blend sports betting online with programs and prizes that the client would like to take part in. The best place for qualifying for the five top World Championships in Online poker, normally, originates here. In addition, the site gives the better the chance to have complete control of his account, but they do interfere if the bettor wants help to restrict his spending. The great thing about this site is that it is user-friendly and easily navigable.

For a punter to be eligible to free bet bonuses on 888sport he will need to register and open an account with the site. For poker specialists, it is the thrill of the game, how they outsmart their opponents and walk away with prize money that counts. It includes an extensive variety of sports betting. It has a devoted team of skilled professionals for the service to their clients

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8, 2009, in Los Angeles. It was reported by The Times’Andrew Blankstein that Heavy Dmay have died of complications related to pneumonia, authorities said.

Myers eventually went on to release a number of hits including “Now That We Found Love” in 1991. Credit: Frazer Harrison / Getty Images”/>Hip-hop legend Heavy D died Tuesday afternoon after collapsing on the walkway outside his Beverly Hills home, according to authorities. Myershad a handful of film credits, including “The Cider House Rules,” “Life” and the recently released “Tower Heist.” He can also be seen on recent episodes of “Law & Order SVU” and “Tyler Perry’s House of Payne.”

Myers had just performed at a Michael Jackson tribute concert in Wales on Oct. after a report that a man in his 40s had been found unconscious on a walkway near a building, Beverly Hills police Lt. Credit: Frazer Harrison / Getty Images” src=”http://latimesblogs.latimes.com/.a/6a00d8341c630a53ef015392e7084f970b-640wi” alt=”Photo: Rapper Heavy D arrives at the 51st Annual Grammy Awards at Staples Center on Feb. He also recently performed at the BET Hip Hop Awards; you can watch his performance below:

Heavy D had a string of hip-hop and dance hits, starting in 1987, as the then-leader of the hip-hop group Heavy D and the Boyz.

Rosen did not identify Heavy D as the victim. Hewas pronounced dead Tuesday in the emergency room at Cedars-Sinai Medical Center. 8, 2009, in Los Angeles. Myers was then transported to a nearby hospital, where he died a short time later.

Heavy D was 44 years old.

Los Angeles County coroners officials told L.A. Mark Rosen told L.A. 8, singing “Jam” with La Toya Jackson. Now that they would be handling the investigation into the cause and manner of the death.

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Casino-Gaming :: Loose Slots, Loose Slot Machines & How To Find A Loose Slot | Slotland

These slot machines are in existence for two reasons. When players see others winning it encourages them to keep trying for a jackpot. Look for a slot machine that is visible from many directions and that is centrally located in the casino.

Are loose slots fact or fiction?

Loose slots are considered the slot machines that pay out more frequently than other slot machines. Some of these games have a higher payback and better odds. Who wants to spend money on slot machines that doesnt offer wins? Without the loose slots, casinos would be rather boring to those of us who enjoy the win.

Listed below are just a few ways to find the loose slots.

Loose slots are not just in land casinos, online casinos have them too. Loose slots vary from day to day due to the random number generator within the computerized slot machines. This is a good indication that they have won steadily and may be at a loose slot machine. Watch for the winners. Chat with the other slot players. Ask a casino worker such as a change person or waitress. Of course any player will seek out and play a game that frequently rewards them. When youre playing online slots, look for the page that brags about jackpots being won, this might help you determine what slots are the loosest.

4. Find out if they are in the casino on a regular basis and which slot machines they prefer. Anything is possible during the time you are playing a machine. The more exposure received means more people will see it and buy into the hype. This doesnt mean that if you play $50 that you will win $48. The excitement of a winning jackpot draws other players to the slots. You cant tell me that you wouldnt want to play the slot machines after dinner! Who wants to see a show or go to the gift shop when the slots are hot? For this reason, most people believe the loose slot machines are close to the high traffic areas such as restaurants, entrances, and shops- most likely areas where the winning slots can be viewed by others. It isnt that hard to find the better paying slot machines in a live casino, with some patience and a little detective work.

Casinos want their players to see each other winning jackpots. Where are the loosest slot machines?

1. This small bit of information just might bring you a big win.. Stay nearby and get the machine when it is available.

3. Thats right, the casinos do this too. The people toting large trays and buckets full of coins. Secondly, happy players with winnings will draw more players and excitement to the casino floor. Think about it like this, you are on your way into the restaurant and a player hits a $5,500 jackpot. On the other hand while players are likely to find loose slots near high traffic areas it is doubtful that they will find them near the gaming tables like black jack or keno. This means over a period of time (thousands sometimes millions of spins) the pay out will be 98%. These slot machines are considered loose because a player could expect to see a better ROI than if they were to play low paying slots. There is a good chance that they know where the loose slots are.

2. This is similar to the super bowl ads you see during the big game. Loose slots are always the slot machines most popular with the players and are the most sought after. This is generally where the casinos place their best slot machines.

This really all depends on the slot machines. You could lose all of your cash or hit a jackpot. If a sign says there is a 98% payback, you know it is a loose slot machine. A casino that claims 98% payout on slots must have these slot machines to avoid accusations of false advertising. These people are in the casino all day everyday and will usually tell you which slots are paying out more than others

Ultimate Bet/Absolute Poker/Full Tilt Poker Payouts For US Players Update

It’s estimated that Absolute Poker still owes $60 million to players.

This, however does not mean the issue is dead. Sadly players will be second in line at best, left to fight over whatever scraps are left.

The proposed settlement requires all of Blancas assets to be forfeited to the United States. It appears very unlikely there will be any funds left over.. However, there will be no distribution of the net proceeds from the liquidation pending the resolution of claims filed by other parties who have asserted an ownership interest in Blancas assets. If the court approves the settlement, and if there are Blanca assets remaining after the resolution of the claims by other parties, it is anticipated that the court will provide a process for players to make claims against those assets.

So basically if there is any money left over after the companies that have made claims are paid out then any remaining funds will go to the players. Not saying that Beckley walked away with any money, but if he did 14 months for $60 million is a pretty good ROI.

Home of the Free.

An excerpt from the Press Release:

It’s just a matter now of when the timing is right to get the legislation successfully pushed through.

And even if there is then earlier estimates of receiving 5 cents on the dollar seems to be the best the player’s can hope to achieve out of a settlement.

However, if this venture proves successful then national online poker should not be far behind.

With the government having some serious issues on it’s plate such as dealing with the destruction of Sandy, the fiscal cliff and gun rights in lieu of the Connecticut massacre, now does not seem a smart time to push something like online poker, that in comparison may seems trivial.

Estimates show that even with the ban 10-15 million Americans are still playing on-line poker to this day, gambling billions, yet the US government isn’t seeing dime one of it.

This money will be used in part to pay back US players who have an estimated $184 million dollars locked up on the former Full Tilt site.

See you at your local Tribal Casino I guess.

December 2012 Update

Senator Harry Reid of Nevada, responsible for making the big push to legalize online poker has given up for the year stating the idea has lost momentum. It will be pushed again in 2013 when the timing is perhaps better. At present the Commission has no information as to how players should make such a claim.


Brent Beckley, the head of Absolute Poker has been sentenced to 14 months in jail.

This will only be allowed in the state of Nevada so it will be geared towards visitors to Las Vegas who will be able to play poker from their hotel rooms or poolside on their laptops or mobile devices.

One the surface this seems like a good scenario for players waiting to get paid but it appears there are other business interests first in line making claims on any assets that are left. The piece of pie that is left for any of the players with money left on the site gets smaller and smaller by the day. Their assets will be sold.

The one bright spot in this Black Friday fiasco was the hope that perhaps we would see legalized on-line poker in the United States by the end of the year.

$60 million still pales in comparison to the $350 million Full Tilt reportedly owes players.

Pokerstars has agreed to pay the US government $547 million dollars over the next three years.

In addition, other first world nations such as Britain, France, Italy and even parts of Canada have legalized and regulated on-line poker successfully so it’s clear that it could and should be done in the US as well.

Hopefully 2013 will be that time.

Absolute Poker and Ultimate Bet simply don’t have enough assets to liquidate to cover the massive of amount they owe former players.


South Point Poker out of Nevada is prepared to start offering online poker in October of this year.

It’s estimated that online poker would be worth $5 billion dollars per year in the United States. The arguments are still strong for legalizing on-line poker, such as the ability to tax and regulate it.

In addition, Absolute Poker has also asked for a settlement arrangement, agreeing to forfeit Absolute’s assets in order to pay back customers. The press release does not hold out much hope that anything will be left after the initial business claims are settled.

Further muddying the water are several interests that are attempting to block the sale and claim the remaining assets as their own.

Although jailing Beckley is movement by the DOJ, it doesn’t address if or how they intend to pay back players. The US Marshalls office will be mandated to liquidate Blancas assets. This has yet to be approved by the US Government.

The latest new is that the DOJ will be selling off any assets Cereus still has which would seem like good news, however they intend to pay off several companies who have filed claims before they get to players.

Here is their statement: “If the court approves the settlement, and if there are Blanca assets remaining after the resolution of claims by other parties, it is anticipated that the court will provide a process for players to make claims against those assets.”

The DOJ is seeking to sell both the software and email file to the highest bidder, although the more time that passes the less any of these assets are worth.

7/31/2012 Lots Of Movement

Pokerstars has officially acquired Full Tilt Poker and has come to a settlement agreement with the US government.

While an effort was made, most notably by the State of Nevada, that push has appeared to have lost traction and it may be years before we see legalized online poker in the United States. With this kind of money involved companies are lining up to get a piece of the pie along with state and federal governments who need to tax revenue such ventures would generate.

Update 9/25/2012

The Department Of Justice has obtained the Absolute Poker software from a Korean company as well as its email list.

Blanca is the parent company of Absolute and Ultimate Bet poker.

Update 11/1/2012

Well if you’re still reading articles on how to get your money back from Absolute Poker or Ultimate Bet you’ve got perseverance.

After well over a year since the Black Friday shut down this is by far the best news to come out for players who have had bankrolls in limbo since April 2011 on both Full Tilt and Absolute.


Ultimate Bet and Absolute Poker are being forfeited to the US government

How to become a winning sports bettor

Certain teams will go through a season getting lucky and winning games they should have lost. You can be an average athlete with a lot of “heart” and make more of an impact than a player with high potential and low energy. This is the number one reason people go broke in sports betting, they bet all their money on one game. You should always look through the lines and find the flaws made by the handicapped. This is one of the top five reasons why people lose money in sports betting. Tipped balls and fluke plays often result in undeserving teams getting better odds.

Step 2

Bankroll management.

Step 3

Don’t bet on every game.

Sports gambling is becoming more popular each year, millions of people place bets annually, but less than 5% actually win long-term.

Step 4

Create a “real” value for each team. They bet on games they aren’t sure of and lose money. If you haven’t had a losing streak in a while, pay attention to the amount you are betting. This isn’t some get rich quick scheme, I am a winning sports bettor that is willing to give you free advice.

Things You Will Needpen and paperStep 1

Use psychology to determine the winner. You should never invest more than 2% of your bankroll on any game. Just because a team is undefeated, doesn’t mean there a good team.

Step 5

Pay attention to fluke plays. After the first or second game of each season, you should have a value on each team. You have to prepare yourself for this by leaving yourself a large cushion incase you lose. You can evaluate the real value of a team by watching how they play against good teams. Which means, you will have days and weeks where you lose money. Below, I will discuss why these people tend to lose money and how you can become a winning player. If a team is on a winning streak, they are more likely to play inspired football. They will often leave certain teams under the radar. The media will often over publicize certain teams that haven’t yet played any difficult teams. The old saying goes, “what goes up, must come down.” This means, if you have been winning for an extended period of time, you are probably at your peak and should reduce your bet sizes.

ArrayTips & WarningsArray. There is a lot of variance in sports betting. In nearly all competitive events, your mindset is the most important thing. Sports betting often has large streaks where you can lose for a week or win for a week. You shouldn’t bet on a game just to have more money on the line. You can take advantage of this by watching which teams are getting the most fluke plays and have a value higher than they should.

Step 6

Extend winning streaks and cap losses. A good team on a losing streak versus a bad team on a winning streak is usually not properly adjusted by the book makers, which usually means profit. Don’t pay attention to the media hype for certain teams and create a real value for each team based on strength of schedule. This leads to the general population betting on what they think is the best team. Fluke plays are part of the variance described above

5th Annual European Casino Affiliate Convention To Be Held May 3-5 In Amsterdam

Attendance at this event is limited and is expected to sell out.

CAC2007 Amsterdam is expected to be larger than any previous year. Recent reports show that Macao is now larger than Las Vegas in gambling revenue. Topics discussed include: SEO to E.U. The exhibit hall for the 2007 Amsterdam Casino Affiliate Convention is completely sold out. Over 250 European affiliates attended the 2006 event last year in Amsterdam.

For more information, please visit the website (www.CasinoAffiliateConvention.com) or contact:

Ticonderoga Ventures, Inc.Tel: USA +1 (212) 722-1744 ext 72Fax: USA +1 (208) 728-6456Casino Affiliate Convention, L.D.C.

Ladbrokes, William Hill, CPays and Casino Partners are some of the major sponsors for this event. Additional exhibit space was added last week, which immediately was sold out.

Since the passage of the US Anti-Online Gambling Law in 2006, Europe has become the major marketing focus for the online gaming industry.

This press release may contain forward-looking statements, particularly as related to the business plans of the company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ materially from the company’s expectations and estimates.

For the past five years the Amsterdam Casino Affiliate Convention (www.CasinoAffiliateConvention.com) has covered European marketing and advertising for the casino, poker, bingo and sportsbook industry. countries, poker marketing, gaming software, mobile affiliate marketing, and other important European marketing subjects. Many were super-affiliates.

. announces the Casino Affiliate Convention and Gaming Marketing Conference will be held on May 3-5, 2007 in Amsterdam at the NH Grand Krasnapolsky Hotel.

NEW YORK–(BUSINESS WIRE)–Ticonderoga Ventures, Inc. Currently, there is a waiting list of companies seeking to exhibit at the upcoming May event.

To serve the Asian affiliate market, the company is planning a Casino Affiliate Convention in Macao, PR China the last week of November 2007. It has become the largest convention and exposition on gaming marketing and advertising, with the largest collection of online gaming affiliates ever assembled in one room

Sports :: So What is Betfair? Who runs it? Is it Safe?

4) The Pink side is used to LAY a horse, that is you want it to lose. This amount varies but starts at 5% for new signups, but you can get this down as low as 2%. 8) Any races you have a bet on you can watch the live video stream.

Now you do have to pay a commission on each winning bet. Why is that? The foremost reason is they just do not realize the concept of it, and yet it is very simple. In the Options you can change this so you just have one on either side if you are new. Large sums when you consider this is all clients funds! They now also have gaming products such as poker and a casino, and take 100’s of bets a second. That is not accurately true, you see the bookies get charged 10% tax by the government, and they claim that back by taking 10% off the odds!! They conceal it to fool you into thinking you are not paying tax! Betting exchanges tell you this expense upfront, and it is never more than 5%. Your account money is also ring fenced, meaning it is secured 100%.

Many gamblers have heard of Betfair but in comparison with folks that use bookmakers, only a small minority use the betting exchange. This is also no different than people playing on the stock market buying and selling shares. Now some folk think this is a gambling tax, and that the bookmakers charge 0%. The company has since expanded into Australia, and turns over more than 50 Million a week. Well Betfair, and other exchanges do exactly that, and if that is all you want to do that is all you actually need to know apart from the fact that the average odds over the long term are 20% higher than those you get in a regular bookmaker. Betfair have some simple to follow rules on the website, but briefly you have the following: 1) All odds are in decimal by default, which does scare some individuals off, so just hover your mouse over the odds and you will see them come into view as they are in the bookmakers. Yes you can bet horses to lose here! 5) The minimum stake at Betfair is 2 6) To place a bet just click on the Blue/Pink odds, and enter your stake. Bookmakers do play a lot on the exchanges these days, but have to go with the market prices, and they also must pay commission, so a bookmaker with Millions, has to behave exactly the same way as Joe Public with his 10 wager.. I will do a speedy article here to enlighten you of the basics, but the most notable message is that if you do wager on horse racing, or sports, and you get pleasure from throwing money away, then please continue not to exploit a betting exchange!

Now you know a conventional bookmaker offers you odds on an event, such as 6/4 the favourite in the 12:30 at Wolverhampton will win the race, or Liverpool FC will beat West Ham 1-0 at the odds of 5/4. So if you are using a bookmaker and losing say 10% of everything you bet over a year, if you had placed all those exact same bets with a betting exchange then you would probably have finished the year in profit! See how easy it is to see why you are throwing money away by not using them?

The exchanges are also a level playing field, unlike bookies who can put the odds in their favour as much as they wish. Formed in June 200, the website was launched to allow customers to bet against each other rather than the traditional High Street bookmaker. 2) You have 3 rows of blue, and 3 rows of pink next to each selection. Easy as that! 7) If you just want SP bets, set this in the Options. 3) The Blue side is used when you BACK a horse, that is you want that selection to win. You can now even get the exchanges own version of SP, and yet again this beats the bookies SP over the long term.

So do you not think it is time to begin having some of that extra money for yourself, instead of others taking it?

So now for a short history of the company