Using Reverse Line Movement To Win

However, instead of the line rising as you might expect, it instead drops to Chargers -6. We tracked the top five books for each of the pointspread sports for the last two years, as as you can see, this strategy has been profitable in every sport. Keep in mind that NCAAB was the most liquid sport in terms of top-five sportbooks however, with not a single sportsbook making the top five both years. Carib ruled the roost season at 93-66-9, 58.5 percent, +18.55 units after ABC held the penthouse spot in the 2007-08 season.

The proper way to make a sports bet using reverse line movement is to place your bet as soon as there is an RLM of one full point (or 10 cents in MLB and NHL) off of the opening line. Keep an eyes on the top five sportsbooks at Sports Insights though, as NCAAF sports betting has been very liquid in that regard, with only one sportsbook (believe it or not, Bodog) finishing in the top five both years.

prosportsonline.net

College Basketball sports betting was not too shabby either, with a two-year mark of 492-356-22, 58.0 percent, +91.96 units. RLM takes place when more money/ sportsbook picks are bet by the small percentage of bettors that are on the unpopular side (the sharps) than is bet by the huge majority of players betting the popular side (the squares). It should be noted that many fewer MLB games have qualified so far this season (is the whole world using RLM now?), but smaller profits is still profit.Again, these records are for Money Lines only and do not include totals.Finally, NHL sports betting has picked up 148.49 units in two years, and unlike MLB, NHL had four sportsbooks out of the top five gain double-digit units this past season. Last year was a good RLM season for NFL sports betting (45-29, 60.8 percent, +11.91), but two sportsbooks that were in the top five in NFL RLM in both seasons.

By: Manny G

The highest two-year winning percentage using RLM from the top five books belongs to College Football, which went 480-341-10, 58.5 percent, +95.10 units. This may enable you to get the stale more favorable sports betting line at the time the reverse line movement hits at the triggering Sportsbook. To illustrate, let us say that San Diego Chargers open at -7 over the Miami Dolohins, and over 70 percent of the sports bets placed on the game are on San Diego. Keep a close eye on Canbet here, as fun88 that Australian sportsbook cracked the top five both years.

So what exactly is reverse line movement? RLM takes place when a large majority of bets are on one team, yet the line moves in the opposite direction. Note that these records are for sides only and do not include totals.

The NFL sports betting is generally considered the toughest sport to beat, yet blindly following this method produced an exceptional 59.2 percent win rate last season, improving the two year record to 328-249-12, 56.8 percent, +59.06 units. This would make Miami +6 the RLM play.

So what causes RLM when the aim of most sportsbooks is to get as close to balanced action on both sides as possible? The answer to this is quite simple: the sharp bettors; the one’s who give sports betting advice. The records quoted below are based on the bets being made at the triggering books, so beating the move by a half-point or a few cents now and then would actually make your record even better.

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To back this up, our friends over at Prosportsonline.net have tracked the records for games where over 60 percent of the public has been on one side, yet there was reverse line movement of at least one full point from the opening number at the top sportsbooks in NFL, NCAAF, NBA and NCAAB. All of this will be fun to follow (not to mention profitable) when every sport except baseball are going on simultaneously during the winter months.

http://prosportsonline.net

Thus, following reverse line movements is the same thing a following the smart money. Another important recommendation is to use a slow moving (but reliable) sportsbook. Sure, using this approach leaves open the possibility of the line turning around and moving back against you, but as you will see in bit, betting as soon as an RLM qualifies has been profitable in every major North American sport such as the last two seasons, so if one line turns around, so be it. The huge problem with this is that the nfl line, ncaaf line or nhl line may have moved too much by that time, and all of the value has been sucked out of the unpopular side.. Quite a few RLM followers watch the moves until almost game time, and then bet accordingly.

Also, games where over 60 percent of the public are on one side, yet there is reverse line movement of at least 10 cents on the Money Line from the opening number at the top five sportsbooks in MLB and NHL sports betting has also been profitable. This is where an important word of caution is in order though. Now do the sharps win every single time? Absolutely not! However, they are right more often than they are wrong, so being on the same side as the sharps is a prudent strategy over the long run, and again, the best thing is that there in absolutely no conventional sports handicapping necessary..

So what we recommend is to only use the top five each season for each individual sport (in terms of units won). Furthermore, they list the RLM records for many individual sportsbook, making it easy to spot which books this system is working at and which books it may be best to ignore.

NBA sports betting has the lowest two-year five-book RLM winning percentage among the 11/10 sports, but then again, every gambler in the world would kill to go 382-301-9, 55.9 percent, +48.90 units, and the 57.5 percent win rate this past season is nothing to sneeze at

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A Safe Bet: Online Gambling’s Good for U.S.

This is especially true given service providers’ unrestrained access to overseas Internet sites in jurisdictions without online gambling restrictions.. First, online technology renders prohibition futile. With legal online gambling, competition among operators would increase to such an extent that they will be forced by the marketplace, rather than by governments, to offer a reduced house advantage.

Federal prosecutors just dealt consumer freedom a terrible hand, shutting down the gambling website Bodog.com and indicting four company executives, including founder Calvin Ayre, for alleged illegal gambling that actually generated $100 million in customer winnings. Many of these sites were established in small nations with little or no regulatory oversight.

Another major benefit of allowing online gambling is that competition will be introduced into a highly regulated marketplace dominated by licensed providers who monopolize the gaming market. If the domestic marketplace demands online gambling, which it clearly does, it will be supplied with or without government consent. The principal benefit of regulation to online players is the personal and legal security of funds, whereas currently players in unregulated environments have no legal recourse over matters such as suspected cheating and frozen assets.

Gambling is one of the great successes of online commerce.

A great degree of surveillance is required to detect online illegality, and there are significant difficulties in locating, investigating, and prosecuting online offenders. As such, the Internet offers potential consumers convenient and inexpensive access to their favorite gambling sites, introducing competition into an industry once dominated by highly restrictive licensing practices.

Two additional factors contribute to the inevitable failure of prohibition. Along with the inefficient use of resources caused by prohibition, there’s the danger of unintentionally increasing the criminal element.

Online gambling can be regulated effectively and without excessive cost, to standards that will provide strong protections for consumers and vulnerable players. Including unlicensed sites, the total rose to 6,000. As an international network, the Internet provides an instant detour around domestic prohibition.

In 2008, the global online gambling market was valued at $20 billion annually, with 50 percent of that demand coming from the U.S.. The ill-advised indictments handed down against Calvin Ayre and his Bodog colleagues cannot alter that fact. In addition, the technological and human capital required to locate offenders is substantial, as are the costs of prosecution and incarceration. As other jurisdictions identify the demand for online gambling, they have supplied this service to consumers.

This form of gambling also encourages private sector businesses to develop network capacity and commerce. The necessity of maintaining a strong customer base would motivate legal American service providers to offer legitimate, reputable gambling sites.

For example, in 2009 there were 2,381 sites run by 493 companies licensed in 50 jurisdictions worldwide. Increased competition results in a more efficient allocation of resources, as gambling providers attempt to maintain and attract new customers.

In recent years, it’s become clear to a growing number of policymakers, including Senate Majority Leader Harry Reid, that the ban on online gambling is a failure. Ironically the anti-Bodog crackdown comes as the push for sensible regulation of the online gambling industry is gathering serious political momentum.

Patrick Basham is a Cato Institute adjunct scholar. He coauthored (with John Luik) the Democracy Institute book, Gambling: A Healthy Bet.

Prohibitionists appear to ignore the fact that most gambling sites, like any reputable business, rely on customer loyalty to remain profitable. Not only will this increased competition result in a wider range of gambling activities, it will reduce cost to consumers. The online gambling industry is m88 online merely another form of commerce where prohibition is the wrong option.

Second, consumer demand for online gambling and the government’s demand for tax revenues will create enormous pressure for legalization in any jurisdiction, such as the U.S., that currently operates a domestic ban.

Banning online gambling in the domestic American market simply results in the establishment of Internet gaming sites overseas. Stopping American online gambling is truly mission impossible, with a vast number of insurmountable challenges facing governments that endeavor to criminalize online gambling.

The Internet has revealed the potential of technology not only to dramatically increase existing gambling opportunities but also to introduce new ones. Many federal and state-level politicians want to legalize online gambling, which Congress made illegal in 2006.

The current prohibitionist law is really a protectionist measure designed to support specific domestic operators, such as the websites run by the horse betting industry

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Cybergambling returns — and this time it’s legal

Gov. Nevada and Delaware also began offering some online gambling last year, but New Jersey is the first state to “fully” legalize it, said Lee Fenton, the chief operating officer of Gamesys.

. Virgin could be holding a full house, but it could also fail before the flop.

But analysts are mostly rolling with Christie and the casinos. “Blackjack and poker have a very human element that’s lost online. They play against the house at Virgin Casino, and they can finance their wagers with debit cards, credit cards, or in person.

Not everyone agrees with the odds. will generate – in addition to tax revenue from the proceeds at casinos – approximately 22,000 new online gambling-related jobs, Freeman testified.

Mega-entrepreneur Richard Branson’s Virgin Group is the latest entry in online gambling, teaming with the Tropicana Resort in Atlantic City and m88 online game maker Gamesys to bring online poker, blackjack and slots to New Jersey this week. Not just poker.”

“It’ll be interesting to see how this plays out,” said Laurence DeGaris, associate professor of marketing at the University of Indianapolis and an expert in Internet culture.

Prohibition failed – again

Last month, the president and CEO of the American Gaming Association testified before Congress and urged legislators to repeal their 7-year-old ban on Internet gambling.

“Prohibition simply does not work,” Geoff Freeman told a House panel on Dec. Others predict the overall U.S. If your phone is off, or if you’re too near state borders, you may not be allowed to play.

Freeman said the Department of Justice has relaxed its views toward online gambling since 2011, and this could open up even more opportunities in the U.S. “If we are unable to determine that you are in New Jersey, you will be unable to play on Virgin Casino,” the site notes. market could be worth as much as $9 billion in the coming years as other states, including California, legalize online wagering.

Congress banned online gambling in 2006.

“Those from other states can play, but they cannot wager,” Fenton said. “The federal government has tried the prohibition approach – specifically the Unlawful Internet Gambling Enforcement Act of 2006 and the Wire Act – and through multiple Justice Department crackdowns on offshore operators as well.”

What happens online, stays online

Six other firms, including popular companies like WSOP.com and Ultimate Poker and other casinos like Caesars and the Golden Nugget, participated in the “soft play” launch of online gambling in New Jersey in November, the state’s Department of Gaming Enforcement Director Dave Rebuck said during a recent conference call.

“In sports gambling, it’s about the bet,” DeGaris said. “The technology is rolling out this week.”

Legalizing gambling across the U.S. market research firm H2 Gambling Capital, which focuses on the gaming industry, predicted about $300 million for New Jersey’s online casinos — or about $45 million in tax revenue, according to the New York Times. In online casino gambling, it’s about the game more than the bet.”

Globally, the business is even more lucrative. 10. H2 said the industry was worth $33 billion in 2013, with $4.5 billion coming from mobile gambling on iPads, iPhones and smartphones.

Many Americans simply ignored the ban, he noted, as the country did during Prohibition in the ’20s.

- Geoff Freeman, president and CEO of the American Gaming Association

“Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion on illegal, unregulated offshore gaming sites. “That’s where I see the huge potential in online gambling, and I reckon the U.S. Chris Christie validated the vice in the waning weeks of 2013, saying he hoped to rake in $1 billion in casino revenues this year, of which the state will collect a 17 percent tax.

‘Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion.’

To prevent unauthorized access, Virgin Casino physically locates gamers’ cellphones periodically. To put that into further context, Americans accounted for nearly 10 percent of the entire $33 billion worldwide online gaming market,” Freeman said.

“There will be many games to play online in New Jersey,” Fenton told FoxNews.com. — notably sports betting.

Players must be at least 21 years old, and either reside in New Jersey or be in the state when they place their bets. That doesn’t translate online,” DeGaris told FoxNews.com. “Blackjack, slots. will catch up to the rest of the world and allow it at some point.”

And New Jersey isn’t alone; eight other states have bills in the works that will allow Internet gambling as well. But new laws across the nation are rolling the rules back — and lawmakers think they’re holding a royal flush.

“Slots and roulette are very visceral games, lots of bells and whistles. U.K

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A few do’s and don’ts when betting on football accumulators

I tend to stick with 4 or 5 teams at the most, even then it’s hard enough. You can often talk yourself around to the idea of betting on someone else, and in my experience it only leads to disappointment. Set yourself a limit before you start betting, a figure that you know you can afford to lose. It’s pointless me betting on the Argentinian league or the Brazilian league as i wouldn’t have a clue what i was doing, So i just normally stick to the English leagues, as it’s easier for m88 me to spot a bet that i think is good value.

Ok so this is an obvious one but it’s so easy to get caught up in the moment. Also it’s good to scour the internet to see what people make of a certain bookmakers customer service help lines. Here’s my guide:

When picking your teams it is often easy to just go for a team to win and forget about the other result, a draw. It’s not a way to make an extra income (although it does feel great when you win) If the enjoyment has gone then it only spells trouble.

If you look through the paper and fancy a certain team then make sure you pick them. I always pick a 4 team accumulator of 4 draws amongst my bets as the odds for a match finishing all square rarely goes below 2/1.

DON’T IGNORE THE DRAW

BET FOR ENJOYMENT

DON’T LET THE HEART RULE THE HEAD

BET ON WHAT YOU KNOW

If you aren’t enjoying betting on sporting events then you are doing it for the wrong reasons. I thank you for reading and i hope you found this hub helpful. It’s easy to have have a blinkered view when it comes to your team.

It’s easy to get carried away when filling out your betting slip as you watch the odds rise, sometimes you almost convince yourself that you can’t lose. Gambling to me is a form of entertainment, just like going to the cinema is for other people. If you feel the need to bet on quite a few teams then i’d suggest a low stake as the chances of winning are incredibly small.

DON’T LISTEN TO THE “EXPERTS”

So there it is. What i pay attention to is their special offers when signing up and what they offer customersĀ on a regular basis. Feel free to leave any comments below.

When betting on football i only bet on teams and leagues that i know about. If you do lose your money then walkaway, it’s as simple as that. If you can’t walkaway then you shouldn’t be betting.

KNOW YOUR BOOKMAKERS

DON’T ADD TOO MANY TEAMS

Now let me start by telling you that this isn’t some great foolproof betting system that never fails as they simply don’t exist. The cold, hard fact is that if you’re betting on accumulators then it’s pretty likely that you’re going to lose, however, if you follow the steps above then i believe you will eliminate some of the most common mistakes made when making your selections. They add very little to your overall winnings and there is always the chance that they can let you down and not even win at all. Don’t get sucked in by this as they are just as likely (or unlikely) as everyone else to pick a winning accumulator. A pointless bet in my opinion.. Looking back on it if i was a neutral then i probably wouldn’t have picked them. The reason for this is i have included them before and they have been the only team to let me down on more than one occasion. When there is money at stake you want to know that you can get hold of the company in question and get the help you require.

If a team is 1/7 to win then i don’t even consider it as there is absolutely no value in them. Also if you don’t fancy a team in the first place then don’t change your mind. What this is, is a few tips on what to do and what not to do when betting on football accumulators, no guarantees, no 99.9% accuracy nonsense, just things that in my opinion you NEED to know and realise before even attempting to place your bet. There are my top 10 tips for gambling on football accumulators. Just because they used to play the game means nothing.

Now and again you will see ex footballers giving their advice on who to pick and who to stay clear of. Go with your initial instinct.

Now most online bookmakers will guarantee the best odds so i don’t pay too much attention when i read that. The chances are that if you don’t they will win and the team you chose in their place at the last minute will let you down. Back your own judgement, nobody elses.

DON’T CHANGE YOUR MIND

DON’T ADD TEAMS WHO’S ODDS ARE TOO SHORT

KNOW YOUR LIMITS

I make a point of never including my beloved Stoke City in any of my accumulators

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Themes, Supplies, Decorations, Gifts, and More

There are numerous options for decorating and personalizing them. However, if you would like to do that, consider the following fun options:

Decorated “4” and “0” numbers. You can purchase large wooden or chipboard numbers at any big box craft store. Consider recording favorite quotes or memories or decorating them ahead of time and then letting the party guest sign them.

40 Sucks or 40 Blows. If you are attending a 40th birthday and are interested in bringing a gift, you certainly don’t have to bring a gift with a 40th theme. This is not one of my personal favorites, as I prefer to take a more positive attitude about birthdays, but it’s one of the most popular birthday gift ideas out there. Take 40 helium filled balloons and attach a photo of the birthday man or woman to each balloon with one picture from each year of his or her life.

Retro gift basket. Create a gift basket filled with nostalgia items from the recipient’s childhood or youth.

. Many people choose to use suckers or blow pops to make this gift.

40 Rocks. The less popular but just as fun 40 Rocks gift with Pop Rocks instead of suckers is also a great gift.

40 Photos

10 Tips for Betting on Football

Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says.

Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football.

7. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd.”

“The bookies fear and despise a tiny coterie of professional bettors known as ‘the sharps,'” Konik says. Consider Underdogs – “In the long-run, it’s easier to win betting on the underdog,” Konik says.

However, Konik adds that there are some bettors who actually know how to beat the bookies. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline.

“The talking heads on TV know nothing about sports betting,” says Sevransky. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites. “If you listen to their advice, you are sure to lose. There is a wealth of information on the Internet; it is just up to you to find it and research it daily.”

Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.

Although exact figures are impossible to calculate, according to Jimmy Vaccaro, widely considered to be Las Vegas’ most influential bookmaker, Americans probably wager more than $50 billion a year on NFL and college football combined. “Thus, the bookies love and cherish the squares.”

So, how much are we gambling each football season?

9. Shop For Numbers – “Another important aspect of betting on football is shopping for the best number,” Moseman explains.

“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says. “If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can. . Chasing losses is the fastest way to the poor house.”

10. Not all games work according to this formula, but it is usually a good rule of thumb.”

Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.

1. Oakland comes to mind) seem like the Super Bowl. Giving 11 to 10 odds is almost always the cheapest price you can give.”

2.

So, how much should you bet a game?

4. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005). If you want advice about sports betting, find someone who has a successful track record. So underdogs tend to be slightly undervalued – except by the sharps.”

While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season. Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns.

Another difference between squares and sharps is how they approach betting on game day.

Also, it’s probably a good idea to disregard advice from the myriad of ex-players and football experts you see on television each week. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says. Also, being “in action” can make a dull late-afternoon game (Buffalo vs. There are almost an infinite number of scenarios that can happen in a single football game. “When you’re in a good rhythm and winning, you want to increase your bets. “In the NFL, a game will often be totally turned around by one or two plays, or even a single penalty. Slim underdogs regularly win outright. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years. Thanks to the juice, the only one who profits in this scenario is the bookmaker. “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make. “Over the course of several seasons, the percentage of bettors who turn a profit is minuscule.”

And where does all that money go?

“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says. “For example, if you have a $1,000 bankroll for the season, you should generally bet no more than $50 a game.”

And remember, in the immortal words of “Fast” Eddie Felson, “Money won is twice as sweet as money earned.”

3. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. The only locks that exist are those that need keys to open them.”

“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas. To be a successful sports bettor you need to operate with a clear mind.”

“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says. “There will be more discrepancy in the numbers at different sports books. He is not taken in by being involved in USC-Notre Dame just because it is the biggest watched game of the day. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”

6. “The sharps are usually members of a betting syndicate privy to the most up-to-date information on injuries, weather, game plans, and, most important, the real power of the teams involved.

Betting on football games; whether it’s through a local bookie, an offshore Internet site or a Nevada casino (still the only legal place in America to make football bets), most of us have done it or know of someone who has. “Most people prefer to bet on the ‘better’ team, the one that will probably win the game. On college you will be able to find different lines at different sports books. “Squares usually bet later in the week and they tend to pick the favorites. Avoid Chasing Bets – “Don’t do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day,” cautions Moseman on the dangerous practice of trying to immediately win back your losses. “Common wisdom says that over the course of a long football season the average man or woman will pick approximately 50 percent winners. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points.

But even though the math says it’s virtually impossible to win on a consistent basis, Americans continue to bet on football. The NFL, for example, will have very similar numbers at most of the betting shops you visit. “As for me, the best bet in football is betting the point spread or over/under totals on individual games.

5.

Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks. Otherwise, you’re better off doing your own research.”

So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”

Moseman agrees and especially likes home underdogs.

Certainly not back into the pockets of the average bettor.

“The standard bet requires gamblers to lay $11 for every $10 they want to win with the extra $1 or 10 percent known as the juice,” Konik says. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says. Focus on Conferences – “The best way to win money betting football is to develop a niche and follow it closely,” Moseman advises. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”

“The biggest mistake that amateur bettors make is they increase their bets when they are losing,” Sevransky says. In fact, sports bettors must pick 52.4 percent winners just to break even.”

But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.

“There is probably no better bet in sports than playing an underdog at home,” Moseman says. The payout is just the same as far as he is concerned. “Teams play inspired ball at home. If North Texas is his best bet on a Saturday then that is his bet. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers. “A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains. “He is not jaded by teams and does not bet with his heart. “The key to proper money management is to be sure not to bet more than you can afford to lose.”

8

Bookies Betting On Obama – ABC News

Presidential betting doesn’t take place in Las Vegas (at least not legally), since U.S. How accurate have gamblers been? “They’ve been pretty good,” says Wolfenden. For instance you can now bet not just on the general election but on the number of votes each candidate will rack up in the Electoral College. Virginia and Colorado are still toss-ups.” A really bold gambler, he says could “punt” and bet on Obama’s winning North Carolina, where polls have him losing by a substantial margin.

Who’ll win Ohio? Intrade gives a 71.8 percent probability to Obama’s winning; 30.3 percent to Romney.

Which way will the electoral college electors go? Play with our electoral Game Changers map HERE.

Find election night results for presidential, Senate and House races, plus poll hours HERE.

Intrade has taken bets on the past two U.S. Carl Wolfenden, exchange operations manager for Intrade, tells ABC News it’s a common misconception U.S. “It’s just inconvenient.”

See photos of nominees from the past 100 years in American presidential elections.

Bookmakers already are taking odds on the 2016 election, with Ladbrokes giving 3-to-1 odds that Hillary Clinton will be the Democratic nominee, compared to 200-to-1 for Chelsea Clinton and 100-to-1 each George Clooney and Michelle Obama.

CLICK HERE for Election Day live updates. By how much depends on what group of gamblers you ask. “There are some very exciting states. If he had, you’d have collected 1,000-to-one.

Nearly three quarters of Intrade’s presidential bets (73 percent) come from the U.S., he says. Ladbrokes gives him odds of 1-to-5 (versus Romney’s 7-to-2 ; William Hill scores them, respectively, 2-to-9 and 16-to-5.

Presidential betting options have grown more exotic in recent years, notes Marketwatch. Intrade on Monday offered odds on whether or not Romney would release more tax returns. So, who are they betting on this time–and by what margin?

Live Page:

(CLICK HERE for ABCNews.com’s livestreaming Election Day coverage starting at 7 p.m. presidential elections. law forbids it domestically.

We know how Karl Rove and James Carville are betting on the election. presidential elections. “We’ve been very happy with volumes on the main market but a bit surprised and disappointed by the state markets,” he said, though he’s not sure why. In ’08 they predicted Obama and got 48 states right (they bet wrong on Missouri and Indiana).

This year, bettors at all three online book makers favor Obama. “Americans can do it,” he explains.

They’re betting on Obama. citizens can’t bet on presidential elections.

Though killings can be made on some state bets, the state market, says Intrade’s Wofenden, tends to be thinly traded. In ’04 they bet on Bush and correctly called results in all 50 states. Some of the biggest can be found laying down presidential bets on gambling websites such as Intrade (based in Ireland) and on online U.K. But how about Vinnie The Pipe, Hot Horse Herbie and Nathan Detroit? Gamblers have long shown themselves to be accurate predictors of U.S. bookmakers Ladbrokes and William Hill. ET)

Some of the juiciest odds apply to which candidate wins which state.

Intrade and the two English bookies, however, being based overseas, aren’t subject to that same restriction. gamblers, they can pay by check. Though credit card companies block payments from U.S

How to calculate 95 confidence intervals using Excel

Here is an simple example of calculating the 95% confidence interval using Excel.

Things You Will NeedComputer with Excel installed

Step 1

The first step is gather the data you want to base the confidence calculation into an excel spread sheet. In this case, the value is 5%. In Excel, this is done by using the “CONFIDENCE” function. The standard deviation is used to measure the variability of a data set and it is a key value of the confidence calculation. Select all of the data points and use the “STDEV” function to calculate the standard deviation for the whole population.

Step 3

Calculate the confidence interval. In Excel, this is done with the “AVERAGE” function. In this case we are calculating a confidence of 95%. It requires the input of significant level which is 100% subtracted by the level of confidence we are interested in. For this example, the average from all 20 data points is 76.2.

Step 5

Calculate the range for your confidence statistics. This is the interval from the mean that you would predict results of another sample based on a certain level of confidence. Put them all in a column and use the “COUNT” function to determine the number of data points you want to base you calculation on. In Excel, this is done with the “STDEV” function. In this example, the data suggests that if the data is collected in the same way and the same factors are in play when we collect the follow data, we are 95% confident that the mean of the next data set should be between 70.6 to 81.7.

ArrayTips & WarningsIn order to use some of the statistical functions in Excel, you may have to install the Analysis Tool Pack. It also requires the standard deviation and count we had calculated in the previous two steps.

Step 4

Calculate the mean or average value from the data. Using Excel you can quickly and easily calculate the confidence statistics you need. Confidence statistics is an estimation method used to predict if a subsequent sampling of data will fall within a given interval given a level of confidence. The Analysis tool pack can be installed from the tools menu add ins.

. The minimum value for this range is the mean subtracted by the confidence interval and the maximum value is calculated by the mean added by the confidence interval.

Calculating the 95 percent confidence interval is very easy once you understand how to do it. In this case, there are 20 data points and the value of the count calculation is 20.

Step 2

Calculate the standard deviation of the data

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