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Sports betting

UK format (fractional odds) are used by British bookmakers. This bet is placed only at halftime of a particular sporting event. A 2nd half (Second half) bet is also sometimes called a halftime bet. Legal sportsbooks take vigorish from bettors of both teams, paying a winning bettor a little under 2/1 in an even contest. Opinion divided, but majority give the state the green light to allow sports betting in defiance of federal law (press release)

^ Fairleigh Dickinson University PublicMind Poll “US Public: Keep Las Vegas in Las Vegas” press release (March 2010)

^ Shriver, Roger. This is the most common type of bet in sports.

Proposition bets are wagers made on a very specific outcome of a match. In the above example, if the bettor chose Miami, he would subtract 3 points from Miami’s final score and compare that to Oklahoma City’s final score. For example, in the NBA, when two teams play each other, one is perceived as being more likely to win. The Federal Wire Act of 1961 was an attempt by the US government to prevent illegal bookmaking.[1] However, this Act does not apply to other types of online gambling.[2] The Supreme Court has not ruled on the meaning of the Federal Wire Act as it pertains to online gambling.

Event programme

Pennant

Supporter scarf

Types of bets

See also: Glossary of bets offered by UK bookmakers

United States of America

Moneyline bets do not have a spread or handicap. Just as many voters approved (42%) as opposed (42%) allowing sports betting. Sometimes you can also bet a “tie”, in which one or both drivers either have the same time, drop out, or get disqualified.

Totalizators. US Public: Keep Las Vegas in Las Vegas (press release)

^ Coffey, Sarah (May 25, 2012). “NFL and ICC’s Stance on Betting”.

^ Finley, 2008

^ “Famous Cricket Spot-Fixing and Betting Scandals”. US odds of 100 are an even bet.

Sportsbetting has resulted in a number of scandals in sport, such as the 1919 World Series, the alleged (and later admitted) illegal gambling of former MLB player Pete Rose, and former NBA referee Tim Donaghy, effecting the integrity of sports events through various acts including “point shaving” (players effecting the score by missing shots), bad calls from officials at key moments, and overall match fixing (“the fix is in”).

Arbitrage betting

Betting pool

Financial betting

Friendly political wager

Parimutuel betting

Point shaving

Sports betting systems

Statistical association football predictions

In areas where sports betting is illegal, bettors usually make their sports wagers with illicit bookmakers (known colloquially as “bookies”) and on the Internet, where thousands of online bookmakers accept wagers on sporting events around the world. American Gaming Association.

^ ABC News. Voters were asked whether New Jersey should allow sports betting even if federal law prevents it from doing so, or wait to allow sports betting until federal law permits it. ABC News.

^ PressofAtlanticCity.com

^ a b Fairleigh Dickinson University’s PublicMind, (December 19, 2011). Modern research has suggested that the claims of betting were unsubstantiated.

Cricket

External links

Aside from simple wagers (for example, betting a friend $20 that one’s favorite baseball team will win its division), sports betting is commonly performed through a bookmaker (bookie) or through various online Internet outlets. 19 June 2014. If any of the four bets fails to cover, the bettor loses the parlay, but if all four bets win, the bettor receives a substantially higher payout (usually 10-1 in the case of a four-teamer) than if he made the four wagers separately.

Progressive parlays. Illegal bookies, however, pay the winning bettor even money while making the losing bettor pay the vigorish exclusively. They were often descendants of the influx of immigrants coming into the USA at this time. The scheme was discovered when Delhi police recorded illegal dealings between Indian bookmaker Sanjay Chawla and Cronje. 12 June 2013. The bookmaker accepts both wagers, and maintains a spread (the vigorish) which will ensure a profit regardless of the outcome of the wager. Naturally the more money bet on a certain result, the smaller the odds on that outcome become. “Sports betting should be legal in the Garden State”. For example: If the bookmakers return percentage is 90%, 90% of the amount placed on the winning result will be given back to bettors and 10% goes to the bookmaker. Retrieved 22 June 2013.

^ “How Hansie Cronje became most infamous villain in cricket’s fixing scandals”. Peter J. “N.J. Although the common stereotype is that these bookies were of Italian descent, many leading bookies were of eastern European ancestry.[3]

Association football culture

Australian rules football culture

Sports memorabilia

Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as “bookies”. The resulting bet that is placed is won or lost only on the points scored by both teams in the second half only.

In-play betting. According to the Telegraph in 2010, Cronje was paid off a total of £65,000 from Gupta.[21]

Other

Many on-line tools also exist for automated conversion between these odds formats.

Stadium anthem

Football chant

Fight song

See also

Bookmakers usually hold an 11-10 advantage over their customers–for small wagers it is closer to a 6-5 advantage–so the bookmaker will most likely survive over the long term. “Sport” Sullivan was an American bookmaker and gambler from Boston, Massachusetts who helped to initiate the 1919 Black Sox Scandal.

Fan loyalty

Philosophy of sport

Racism in sport

Spectator sport

Sports fan

Sports rivalry

Odds

Cheerleading

Haka

Hooliganism

Sports betting

Sports tourism

Tifo

Baseball uniform

Casuals Fashion

Hockey jersey

Football Kit

Booing

Cheering

Crowd abuse

Pitch invasion

Trash-talk

Violence

^ “18 USC Ch. For him to win his bet, Miami would have to win the game by 4 points or more. In-play betting is a feature offered by some online sports books that enables bettors to place new bets while a sporting event is in progress.

Bookmaking

Main article: Bookmaker

Other

Retrieved from “https://en.wikipedia.org/w/index.php?title=Sports_betting&oldid=734832111″

General topics

Wagebrokers both legal and illegal make a profit by taking a percentage of all money bet, called a vigorish (vig), juice, rake, or action. 26 May 2010. Sports Betting, Sure Thing; Internet Betting, Nyet! (press release)

^ Fairleigh Dickinson University’s PublicMind, (April 20, 2009). Decimal odds of 2.00 are an even bet. Moves Towards Legal Sports Betting This Fall, in Time for NFL Season”. Retrieved May 27, 2012.

^ Rob Tornoe, for NewsWorks (17 August 2012). Krista Jenkins, director of the poll commented; “Although support is not overwhelming, these numbers suggest the public is cautiously behind the goal of moving forward with legalized sports betting.”[16]

Corruption in tennis has been long considered as issue.[22] In 2011, the former world No. As the story goes, professional gambler Joseph Sullivan paid eight members of the White Sox (The players involved were Oscar Felsch, Arnold Gandil, Shoeless Joe Jackson, Fred McMullin, Charles Risberg, George Weaver, and Claude Williams) around 10,000 dollars each to fix the World Series. 55 Austrian tennis player, Daniel Koellerer, became the first tennis player to be banned for life for attempting to fix matches. Gambling Technology Washington, DC: FBI Laboratory

Rose, Pete (2004). The favoured team pays lower odds than does the underdog.

Spread betting are wagers that are made against the spread. Retrieved 20 October 2014.

Supporter Culture

1 Types of bets

1.1 United States of America

Cultures by sport

On December 7, 1980 the San Francisco 49ers overcame a halftime deficit of 28 points in what became the greatest regular season comeback victory in NFL regular season history. Retrieved 7 November 2014.

^ “Daniel Koellerer banned for life”. This is similar to parimutuel wagering in horse racing and dog racing.

2nd half bets. These are wagers offered as alternatives to straight-up/moneyline prices in baseball, hockey, or soccer, respectively. This series would go down as one of the biggest sports scandals of all time. They take bets “up-front”, meaning the bettor must pay the sportsbook before placing the bet. US format odds are the amount won on a 100 stake when positive and the stake needed to win 100 when negative. Expected Values and variance in bookmaker payouts: A Theoretical Approach towards setting limits on odds. To determine who wins against the spread, the line is either added or subtracted from a team’s final score. The team wagered upon might be 50-1 to win the Super Bowl, which means that the bet will pay 50 times the amount wagered if the team does so. Successful bookmakers must be able to withstand a large short term loss. This bet can be placed on the spread(Line) or over/under. By the beginning of the third quarter, notorious Vegas bookmaker Frank Rosenthal received forfeiture notices from 246 San Francisco bettors totaling more than $25,000 in premature winnings. Betting the Line Columbus, Ohio: The Ohio State University Press ISBN 0-8142-0880-0

Finley, Peter (2008). One example are Formula One races, where you bet on two or three drivers and their placement among the others. This creates a number of other criminal elements, thus furthering their illegality.. These bets feature a fixed point spread that (usually) offers a higher payout for the favorite and a lower payout for the underdog (both in comparison to the moneyline).

Future wagers. However, in a progressive parlay, unlike a regular parlay, a reduced payout will still be made even should some of the bets lose.

Teasers. NJ Voters Favor Sports Betting, but not Tax Credits for Meadowlands Developer (press release)

^ Fairleigh Dickinson University’s PublicMind, (April 18, 2011) Odds Favor NJ Referendum on Sports Betting (press release)

^ Fairleigh Dickinson University’s PublicMind, (February 21, 2011). Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as Horse Racing, Greyhound Racing and illegal, underground Dog Fighting.

Sporting man culture

Sports mascots

Sports-related curses

Terrace (stadium)

Sources

Davies, Richard (2001). Newsworks.org.

^ Fairleigh Dickinson University’s PublicMind, (August 21, 2012). As always, a lot depends on who actually shows up to vote.”[10] In February 2011 FDU’s PublicMind released a poll which showed that half (55%) of voters agreed “that people bet on sports games anyway, so government should allow it and tax it.” On the other hand, approximately (37%) of New Jersey voters concurred that betting on sports is “a bad idea because it promotes too much gambling and can corrupt sports.” Again, by a significant margin (70%-26%) that voters who already engage in sports betting in office pools tend to be more supportive of legal sports betting than other voters.[11] Donald Hoover, FDU professor in International School of Hospitality and Tourism Management and former casino executive commented on the results; “Betting on sports is not an uncommon practice for many New Jerseyans, but for the most part, the state doesn’t supervise it, doesn’t tax it and doesn’t take any revenue from it.”[12] In 2010 a national poll, results showed that voters opposed sports betting in all states by a margin of 53-39. Age proved to be a divide: Voters between the ages 18-34 were more likely to approve of sports betting than older voters. The PublicMind’s 2010 national survey found that 67% of Americans did not support the legalization of Internet betting websites in the United States whereas 21% said they would support legalization.[17] The National Football League is fully against any sort of legalization of sports betting, strongly protesting it as to not bring corruption into the game. Woolley, professor of political science and director of the poll commented on the findings, “Gambling has become, for good or ill, a national industry, and you can bet that politicians and casinos all over the country are closely following New Jersey’s plans.”[8] In a different study released by FDU’s PublicMind in October 2011, results showed that New Jersey voters thought legalizing sports betting in New Jersey was a good idea. 9.

^ “Sports Betting”. Before game 5 of the 2012 NBA Finals, the Miami Heat were expected to beat the Oklahoma City Thunder. Examples include predicting the number of goals each team scores in a handball match, betting whether a player will score in a football game, or wagering that a baseball player on one team will accumulate more hits than another player on the opposing team.

Parlays involve multiple bets (usually up to 12) and will reward a successful bettor with a large payout. It must also be noted that both bookmakers use other methods to increase profits by enticing bettors with greater winnings at higher risk to the bettor (teasers, parlays, adjusting point spreads, etc.).

In the United States of America, it is illegal to operate a betting scheme, except in Nevada, Oregon, Delaware, and Montana.[5] In many European nations, bookmaking (the profession of accepting sports wagers) is regulated but not criminalized. Rosenthal was able to retain these winnings despite the final outcome of the game due to gambling regulations previously established by the NAGRA.

Types of Supporter

The rule against gambling in baseball is known as “Rule 21,” which is publicly posted on dugout walls and states: “Any player, umpire, or club or league official or employee, who shall bet any sum whatsoever on any baseball game in connection with which the bettor has a duty to perform shall be declared permanently ineligible.” People permanently banned from Major League Baseball are also forever banned from entry into the Baseball Hall of Fame, although most such people have been reinstated a few years later by a later Commissioner of Baseball. In addition, on August 2010, he facilitated betting by placing odds for matches and had links for placing bets.[23]

Betting on the Favorite, an 1870 engraving published in Harper’s Weekly

The bookmaker functions as a market maker for sports wagers, most of which have a binary outcome: a team either wins or loses. Dr. The spread, or line, is a number assigned by the bookmakers which handicaps one team and favors another. In addition, there was a significant gender split: a majority of men approved of the idea by a wide margin (65-21), while only 39% of women approved and 41% opposed.[9] The October results were stable, reflecting an earlier poll in April 2011 where New Jersey voters approved the legalization of sports betting in the state by a margin of 53%-30%. Results showed that nearly half (45%) of voters wanted to allow sports betting, while (38%) decided to wait and allow sports betting once Congress allows it. However, voters who already live in households where family members (including themselves) engage in sports betting had a strongly favored legalization of sports betting (71%-23%), while voters in households where sports betting is not an activity, opposed legalization (46%-36%). The many types of bets include:

2 Bookmaking

3 Odds

4 Legality

5 Famous betting scandals

6 See also

7 Sources

8 Notes

9 External links

Odds for different outcomes in single bet are presented either in European format (decimal odds), UK format (fractional odds), or American format (moneyline odds). However, nearly two-thirds (66%) of voters were not aware of the upcoming statewide referendum on the issue. 50: GAMBLING”. The NCAA has threatened to ban all playoff games in Delaware if the state allows betting on college sports.[6] New Jersey, which is also interested, has been similarly threatened.[7]

In Asian betting markets, other frequently used formats for expressing odds include Hong Kong, Malaysian, and Indonesian-style odds formats. Sports Scandals Westport, Connecticut: Greenwood Press ISBN 978-0-313-34458-9

Boyd, Kier (1981). They are the ratio of the full payout to the stake, in a decimal format. Such a bet must be made before the season starts in September, and winning bets will not pay off until the conclusion of the Super Bowl in January or February (although many of the losing bets will be clear well before then and can be closed out by the book). The violations were outstanding between October 2009 and July 2010 after The Tennis Integrity Units had launched an investigation on behalf of the International Tennis Federation and the ATP and WTA tours. European format (decimal odds) are used in continental Europe, Canada, and Australia. The term book is a reference to the books used by wagebrokers to track wagers, payouts, and debts.

The probability implied by the odds should be greater than the true probability for each possible outcome to guarantee positive expected profit.

If the wagers on each outcome are made in ratio to the implied odds, then the bookmaker is guaranteed a profit (balanced book).

Legality

The majority of legal sportsbooks are found online, operated over the internet from jurisdictions separate from the clients they serve, usually to get around various gambling laws (such as the Unlawful Internet Gambling Enforcement Act of 2006 in the United States) in select markets, such as Las Vegas, Nevada, or on gambling cruises through self-serve kiosks. In these bets, bettor predicts competitors results against each other and not on the overall result of the event. For example, a bettor could include four different wagers in a four-team parlay, whereby he is wagering that all four bets will win. In general, most sportsbooks will prefer this type of wager due to the low win-probability, and also the longer period of time in which the house holds the player’s money while the bet is pending.

Head-to-Head. In totalizators (sometimes called flexible-rate bets) the odds are changing in real-time according to the share of total exchange each of the possible outcomes have received taking into account the return rate of the bookmaker offering the bet. (Boyd, 1981)

Associated activities

Famous betting scandals

In 2012, despite federal law preventions, the state legislature of New Jersey and Governor Chris Christie signed a law that would allow sports betting to take place in New Jersey race tracks and Atlantic City casinos.[15] In August 2012, Fairleigh Dickinson University’s PublicMind conducted a study on the issue. Legalized Sports Betting in New Jersey

^ Fairleigh Dickinson University’s PublicMind, (March 11, 2010). Only Rose has yet to be reinstated.

The Cronje Affair was an India-South Africa Cricket match fixing scandal that went public in 2000.[20] It began in 1996 when the-then captain of the South African national cricket team, Hansie Cronje, was convinced by Mukesh “John” Gupta, an Indian bookmaker, to throw a match during a Test in Kanpur, India. Half of New Jersey voters (52%) said that they approved the idea of legalizing sports betting at Atlantic City casinos and racetracks, 31% opposed it. Odds are also quite often expressed in terms of implied probability, which corresponds to the probability with which the event in question would need to occur for the bet to be a break-even proposition (on the average).

Contents

v

t

e

Actions

Other

Interestingly for New Jersey, in a national poll released in December 2011, Fairleigh Dickinson University’s PublicMind asked voters whether they “support or oppose changing the federal law to allow sports betting” in their respective states. An if bet consists of at least two straight bets joined together by an if clause which determines the wager process. 31 May 2011. Many of the illegal proceeds also allegedly go to fund terror, drugs and other illegal activities.[18]

Barmy Army

Beer wench

Beer snake

Sledging

Collegiate sport rituals

Jocks

Kiss cam

Surf culture

Tailgate party

Songs

Clothing

In 1919, the Chicago White Sox faced the Cincinnati Reds in the World Series. All eight players were banned from playing professional baseball for the rest of their lives.[19]Pete Rose, the all-time MLB leader in hits, was similarly banned from baseball in 1989 for betting on games while he was a MLB manager.

Joseph J. The bettor can adjust the point spreads for the two games, but must get all the games correct to win and recognizes a lower return in comparison to parlays.

If bets. Woolley commented on the results: “If some states allow sports betting and profit by it, other states will want to follow.”[13] Yet by December 2011 after NJ passed its sports betting referendum the national measure shifted to 42-42.[8] In January 2012, New Jersey Governor Chris Christie signed legislation allowing sports betting in New Jersey after it was approved in a nonbinding voter referendum in 2011 and he announced on May 24, 2012 that he plans to go ahead and set up a system of wagering at the state’s racetracks and casinos this fall, before the National Football League season ends.[14]

In setting Odds, the bookmaker is subject to a number of limitations:[4]

Many of the leading gambling bookmakers from the 1930s to the 1960s got their start during the prohibition era of the 1920s. The line read: Miami -3, Oklahoma City +3. Woolley commented: “But…younger voters… are far less likely to vote than other voters… Martin’s Press ISBN 1-57954-927-6

Thompson, William (2001). Retrieved 22 June 2013.

^ “No sport easier to fix than tennis”. In 2004 and 2006, Koellerer was banned for six months due to his bad behavior. My Prison Without Bars St. “Sports News”. On the other hand, the CEO of the International Cricket Council believe sports betting, in particular in India, should be legalized to curb illegal bookies where match fixing has occurred from nontransparent bookmakers. To attempt to make wagering on the underdog desirable, the bookmaker will give them points. A Nation of Bettors? (press release)

^ Fairleigh Dickinson University’s PublicMind, (October 10, 2011). The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on Association Football (Soccer), American Football, Basketball, Baseball, Hockey, Mixed Martial Arts, and Boxing at both the amateur and professional levels. Odds for such a bet generally are expressed in a ratio of units paid to unit wagered. They are the ratio of the amount won to the stake – the solidus “/” is pronounced “to” for example 7/1 “seven to one”. Journal of Prediction Markets. house.gov.

^ Fifth Circuit ruling – PDF file

^ (Davies, 2001)

^ Cortis, Dominic (2015). Illegal bookies, due to the nature of their business, can operate literally anywhere but only require money from losing bettors, creating the possibility of debt to the bookie from the bettor. 1.

Barra brava

Casuals

Hooligan firm

Roligan

Supporters’ trust

Tifosi

Torcedor organizado

Ultras

North American sports

Media related to Sports betting at Wikimedia Commons

From Wikipedia, the free encyclopedia

Sports betting is the activity of predicting sports results and placing a wager on the outcome. The National Law Review. A teaser allows the bettor to combine his bets on two or more different games. Gambling in America–An Encyclopedia of History, Issues, and Society Santa Barbara, CA: ABC-CLIO ISBN 1-57607-159-6

Notes

Decimal

Fractional

US

Hong Kong

Indo

Malay

Implied probability

1.50

1/2

-200

0.50

-2.00

0.50

1 in 1.5 = 67%

2.00

Evs (1/1)

+100

1.00

1.00

1.00

1 in 2 = 50%

2.50

6/4

+150

1.50

1.50

-0.67

1 in 2.5 = 40%

3.00

2/1

+200

2.00

2.00

-0.50

1 in 3 = 33%

Conversion formulas

x

To

Do this

Decimal

Fractional

x-1, then convert to fraction

Decimal

US

100*(x-1) if x>2; -100/(x-1) if x<2

Fractional

Decimal

divide fraction, then x+1

Fractional

US

divide fraction, then 100*x if x>=1; -100/x if x<1

US

Decimal

(x/100)+1 if x>0; (-100/x)+1 if x<0

US

Fractional

x/100, if x>0; -100/x, if x<0

Decimal

Hong Kong

x-1

Hong Kong

Indo

x if x>=1; (1/x)*-1 if x<1

Hong Kong

Malay

x if x<=1; (1/x)*-1 if x>1

A 1906 betting scandal between the Massillon Tigers and Canton Bulldogs, two of the top teams in professional American football in the early 1900s, led to the demise of “big-money” professional football for several years. While all sports wagers are by definition on future events, bets listed as “futures” generally have a long-term horizon measured in weeks or months; for example, a bet that a certain NFL team will win the Super Bowl for the upcoming season. (For instance, Mickey Mantle and Willie Mays were both banned from baseball in 1983 after taking jobs as casino greeters (which would have expelled them from the Hall of Fame had it been allowed to stand); they were reinstated two years later. Fractional odds of 1/1 are an even bet. A progressive parlay involves multiple bets (usually up to 12) and rewards successful bettors with a large payout, though not as large as normal parlays. If the player’s first selection complies with the condition (clause), then the second selection will have action; if the second selection complies with the condition, then the third selection will have action and so on.

Run line, puck line, or goal line bets

Sports News | Fox News

Alabama coach Avery Johnson gives supplies to flood victims

TUSCALOOSA, Ala. (AP) Tennessee athletic director Dave Hart is retiring effective June 30.

Tennessee athletic director Dave Hart to retire in June 2017

KNOXVILLE, Tenn. (AP) Louisville athletic director Tom Jurich says his department has to ”just wait” while the NCAA investigates an escort’s book allegations that …

East Tennessee State dismisses Shemar Johnson from team

JOHNSON CITY, Tenn. (AP) Tennessee athletic director Dave Hart will retire next summer after a tumultuous tenure that included consolidation of the men’s and women’s athletic …

. (AP) East Tennessee State has dismissed guard Shemar Johnson from its basketball team.

Former Butler basketball star Joel Cornette dies at age 35

INDIANAPOLIS (AP) Joel Cornette, who helped Butler make the transition from a traditional mid-major program into a surprising power in college basketball, died Tuesday in a Chicago apartment….

Tennessee athletic director Dave Hart announces retirement

KNOXVILLE, Tenn. (AP) Alabama basketball coach Avery Johnson has donated a truckload of supplies to help flood victims in Louisiana.

Louisville AD: School is waiting on NCAA investigation

LOUISVILLE, Ky

How to Bet the Kentucky Derby: A Beginner’s Guide

If you’re not going to be in Louisville for the big day, you can head to your local racetrack or off-track betting outlet and place a bet there.

Like all sports, horse racing has its own language that can be confusing to casual watchers. He’s dominated all the races he’s run so far and all eyes will be on him. That number shows what the odds are that the horse will win. You’re trying to hit the sweet spot: a horse with okay odds who you think has a shot at winning.

The favorite going into this weekend is California Chrome, with 5-2 odds. If your horse comes in any of those positions, you’ll get money.

If you’re sure you’ve got the winner and you only want to place a simple bet for him to come in first, go ahead and bet your money that way. Like it’s name implies, the superfecta pays out big bucks if you manage to get it right.

Now it’s off to the races. Say, “I’ll bet $2 on (horse’s name or number) to win.”

If you’re done with the beginner stage of betting, you can up your odds of winning by doing more complicated bets that yield bigger payouts: exactas, trifectas, and superfectas. The Kentucky Derby is one and a quarter miles long, longer than any race these horses have run before, so the winner will need stamina.

Odds and Favorites

When you look at a race form there will be a number in parentheses after each horse’s name. Saturday. Give that a good look to see who’s done well recently.

Look for a horse that has won most of his races by a good length. Good luck racing fans!. For a superfecta you pick the top four finishers in the right order. Horses with lower first number (10 and down) are considered top contenders.

Betting on a horse with good odds will not pay out much money if they win. Therefore, betting on him won’t yield a big payout. What’s a superfecta anyway, and how do you bet one?

Picking a Horse

There are 20 horses in the field for the Kentucky Derby, though as of now only 19 will be running Saturday (#11 Hopportunity was “scratched.”) All the horses are 3-year-old male thoroughbreds, which means they’re young horses with lots of talent that is still developing and not a ton of experience.

Many casual bettors will pick a horse based on name or looks, but there are better ways to judge the odds for whether a horse has a shot at winning. Or you can bet that he will “show,” — that is, come in first, second, or third. It looks something like this: Vicar’s In Trouble (20-1).

Horses with a high first number (like 20-1 or 50-1) are considered unlikely to win the race. Here’s a quick guide:

Exacta: You pick the two horses you think will come in first and second, in that order.

Trifecta: Pick the three horses you think will come in first, second, and third – in the right order.

Superfecta: You guessed it. Each horse will have a record of recent races he’s run, what place he finished, and how far ahead of the other horses he was. Conversely, betting on a horse with bad odds will pay out a lot of money if they do win. The words “first, second, and third,” are replaced by “win, place, and show.” If you think your horse is pretty good but not going to come in first, you can bet that he will “place,” — that is, come in first or second. A horse that goes into the race with 50-1 odds but comes in first place will pay out the most money to the bettor. You’ve got your mint julep and your fancy hat ready for the Kentucky Derby, but are you ready to place your bet on the horse you think will win?

Here’s our guide to making sense of the Run for the Roses. If you’re in it for the thrill of victory alone (and not the money), he’s a good bet.

Betting on Your Picks: “I’ll take $2 to win on the four horse, please.”

In horse racing, you need to bet on what place the horse will come in. You can place your bet anytime up until about 20 minutes before the race goes off at 6:24 p.m

Casino-Gaming :: Sports betting tips

When you are betting big bucks the difference in odds translate into a huge difference in your payout. Slim underdogs regularly win outright.

This is without a doubt the most important aspect of betting sports and possibly the most neglected. 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.

There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling. Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make. Teams play inspired ball at home. The first key to proper money management is to be sure not to bet more than you can afford to lose.

The second most important aspect of betting on sports is shopping for the best number. To be a successful sports bettor you need to operate with a clear mind.

Sports betting tip #3 – Never Gamble While under the Influence

Sports betting tip #2 – Shopping for Numbers

As a bettor, you have the advantage of streamlining your research, which is something the sports books are not at liberty to do. The best way to win money betting sports is to develop a niche and follow it closely.

Some sports books have better odds on parlays and teasers. Sports betting tip #6 – Play Home Dogs

Sports betting tip #5 – Check the Odds

There is probably no better bet in sports than playing an underdog at home. Squares usually bet later in the day (or week, for football) and they tend to pick the favorites. There will be more discrepancy in the numbers on different sports at different sports books.

Sports betting tip #4 – Do your Homework

The sharp bettors tend to bet underdogs, and they tend to bet them early. They must keep on top of EVERY sport and EVERY game. All it takes is a little research of the sports books you usually bet at.

Below you will find a short list of basic sports betting tips and advice.

Sports betting tip #7 – Bet at the Right Time

Sports betting tip #1 – Money Management

New Jersey allows sports betting

Supreme Court declining to hear the case.

Dennis Drazin, an attorney and adviser to the New Jersey Thoroughbred Horseman and Monmouth Park, told ESPN in early September that he believes the track could have an operating sports book within three weeks after legalization.

“Victory at last!” said state Sen. Chris Christie’s administration issued a directive Monday allowing the state’s casinos and racetracks to offer sports betting, a move likely to be challenged in court by sports leagues.

The NFL had no comment when reached by ESPN.com. “Obviously, this is a significant development. District Court,” William Hill U.S. State lawmakers soon enacted a law to allow for betting at tracks and in casinos. The seaside resort has already lost three of the 12 casinos with which it began this year, and a fourth one is due to shut its doors next week; about 8,000 casino workers will have lost their jobs since January.

But those actions ran up against the 1992 Professional and Amateur Sports Protection Act, enacted by Congress to restrict betting on sports to a few states.

“That to some degree will dictate how the race tracks and casinos move forward,” Beck told ESPN.

The park built a sports bar last year that was designed to be transformed into a sports book quickly if sports betting were legalized.

The professional football, baseball, basketball and hockey leagues, as well as the National Collegiate Athletic Association, all opposed New Jersey’s effort to legalize sports betting, saying it could give the appearance that the integrity of the games has been compromised.

The governor says sports betting is legal under previous federal rulings as long as wagers don’t involve a collegiate game played in New Jersey or a New Jersey college team elsewhere in the country.

A month ago, Christie vetoed a bill that would have pushed New Jersey to circumvent the federal ban on gambling on professional and college sports. Like others, we recognize that legalized sports betting is inevitable, and will be a good outcome for customers, states and the sports leagues. State Sen. Raymond Lesniak, one of the legislature’s strongest supporters of sports betting. “People should book their hotel rooms in Atlantic City for the Super Bowl now because there won’t be any available in February.”

Information from ESPN.com’s David Purdum and The Associated Press is included in this report. This is all over but the shouting.”

The move came hours before Christie was to convene a closed-door summit on the future of Atlantic City. Other leagues and the NCAA did not immediately return messages Monday.

Voters in New Jersey overwhelmingly endorsed legal sports betting in a nonbinding referendum in 2011. Nevada has allowed betting on sports for more than 60 years, and Delaware, Montana and Oregon have at times permitted more limited betting. In light of our significant investment at Monmouth Park, we are happy that it appears racetracks and casinos in New Jersey will be taking sports bets sooner rather than later.”

In addition to the directive, Christie also had the state file a motion in federal court asking a judge to clarify or modify a February 2013 ruling that blocks a licensing program New Jersey had passed for sports betting in the state.

Casino executives did not immediately respond to requests for comment on Christie’s action.

The move is a turnaround for Christie, who initially seemed resigned to defeat once the U.S. branch of William Hill agreed to be the exclusive provider of sports betting at Monmouth Park, but is taking a wait-and-see approach.

N.J. Jennifer Beck, a Republican who represents the area where Monmouth Park resides, said Monday that she would like to see the track begin taking bets as soon as this upcoming weekend, but wants to see the reaction from the sports leagues.

ATLANTIC CITY, N.J. Supreme Court declined to hear New Jersey’s appeal in June, saying, “You know, that’s the way it goes.”

His action, through the state attorney general’s office, is likely to be challenged by the professional and collegiate sports leagues that fought New Jersey’s efforts to overturn a ban on sports betting in all but four states. That effort ended with the U.S. Rachel Ryan, a spokeswoman for the Meadowlands Racetrack said Monday that the track has no plans to offer sports betting now.

“Based on the arguments of the sports leagues and the United States Department of Justice, the 3rd Circuit has already ruled that New Jersey can carry out sports wagering as described in today’s statewide directive,” the governor’s office wrote in a statement. CEO Joe Asher said in a statement. New Jersey missed a 1991 deadline in the law that would have allowed sports betting in Atlantic City.

The governor said he took his cue from previous federal court rulings that found that nothing in New Jersey law prohibits the casinos and horse racing tracks from offering sports betting.

Christie suggested casinos and tracks could start offering betting immediately, but it’s not clear that will happen. “The motion simply would clarify and formalize that authority and give clear guidance to casinos and racetracks waiting to open a sports pool in New Jersey.”.

Monmouth Park, a thoroughbred track in Oceansport, New Jersey, has been outspoken that it will take the lead once sports betting became legal.

He said he does not expect sports betting to begin until a court rules that it is legal.

“We are reviewing the Attorney General’s directive and the motion filed in U.S. Christie said at the time disagreed with the court decision but feels the law is “sacrosanct.”

The U.S. — Gov. Bets wouldn’t have been taken on games involving New Jersey colleges or college games played in the state.

Lesniak said he expects the leagues to challenge the move, but predicted: “They don’t have any arguments left to make

How to Make Money Handicapping Horse Races and Betting on Horseracing

The only work they do is to walk into the club house and maybe read a simple list of horses and riders. The thrill of winning is probably pretty close to the same for each group, though the handicappers also have the satisfaction of working hard and getting rewarded for it.

For some people, horse racing handicapping is an intellectual sport and they prepare themselves and work hard at it. If the success rate for handicappers is 5-10% then it is probably 1-2% for those depending upon luck.

On the other hand, the ones who depend upon luck invest nothing but money and very little time. That edge is what separates gamblers from handicappers and is why, in the long run, handicappers win more, but in all fairness, they don’t just win it, they earn it.. The ones who depend upon luck or some other esoteric method are more like lottery players than handicappers, but the thing they all have in common is that all there money goes into the same pool and some from each group will be successful while many will not.

There are thousands of people trying to make a living from horse racing by handicapping the horse races and then betting on horse races.

Your chances of success are much greater if you educate yourself, prepare, practice, and work hard, but there are no guarantees. There are many more people, perhaps millions around the world, trying to make money betting on horse races depending upon luck or some other system to be a winner.

The way you make money handicapping and betting on horse races is in finding a good bet.

The big advantage that the handicapper has over the gambler is that he or she has an idea of each horse’s chances of winning and therefore, how much a horse has to pay to win in order to make money on such bets in the long run

My Top 5 Sports Betting Sites

The advent of online sports betting has made this much easier and more fun. There are a large variety of sports betting sites today, all with different options and bonus offers. About My Top Sportsbooks

Betting on sports has long been a favorite way to amplify the excitement and put fans right into the game. MTS is here to help recommend the funnest, safest, most lucrative sports betting sites to reveal which sites are the real deal. MTS’ sports betting reviews help bettors of all skill levels make an informed decision and find the best betting sites for their buck.

NFL season is coming soon and sportsbooks are going big, offering extra incentives to get bettors through the gate at the most action-packed time of the year. In addition, the free picks section is loaded with NFL odds, betting breakdowns, tips and analysis to help football bettors make game-changing plays throughout the season and all year long.

Whether you are a sports betting rookie, or are a pro looking to improve your online betting experience, read our sports betting reviews and start betting the smart way!

Boys Who Want to Read Like Middle Schoolers

Superhero comics such as Marvel Comics have created hardcover stories to read out to this kind of audience. It is still an enjoyable read, especially for middle schoolers who can relate to the main character Greg Heffley’s adjustment to school or anyone who wants a fun perspective of school and family life. Krosoczka created The Lunch Lady and the Cyborg Substitute and has a complete series. Easy reading for middle school interests, this nine-book series even earns high reviews from other parents of struggling readers.

Visual readers who enjoy comics are likely fans of graphic novels. Other superheros have come in other forms, such as the lunch ladies behind the cafeteria counter. These full-length novels are complete stories that are illustrated in which the pictures are important to the telling of the story.

The Diary of a Wimpy Kid series does not necessarily fall under the graphic novel category, but its illustrated format does not automatically categorize it with regular novels. Jarrett J. The same is true for James Patterson’s Middle School or I Funny series. Characters deal with middle school topics but the reading level is lower, around fourth grade.. This books with a second grade readability is still popular up to fifth grade.

The Bone series by Jeff Smith is another example of graphic novel that entice struggling readers who want to read within their interest level

When is a bet not a bet? A day at the Iran races | Reuters

Odds are not given before the race and returns are calculated afterwards.

“I just lost 30,000 rials but I had a lot of fun,” said fine arts student Tamanna, 30, showing her ticket printed with a line that says cash spent buying the ticket goes to support the horse races, rather than in the hope of winning.

NOWRUZABAD, Iran As Rio Collection galloped across the finishing line, Sardar hooted with joy and high-fived his friends.

Wearing loose black trousers and speaking with a strong local accent, Sardar, a carpenter, said he chose not to buy prediction tickets as winnings were limited.

But technically, he added, only the archery contestants and riders of the horses or camels in the races are permitted to bet.

(Editing by Sonya Hepinstall)

“I just paid 50,000 rials. Mohammad Reza Pahlavi — the last shah who was overthrown in the 1979 uprising led by Ayatollah Ruhollah Khomeini — was a keen horseman and aimed to expand racing.

“All forms of gambling are haram (forbidden by Islam) except for horse racing, camel racing and archery,” said Mohsen Mahmoudi, a cleric at a north Tehran mosque, adding that those manly, warrior sports were all encouraged by the Prophet Mohammad.

By Mitra Amiri

| NOWRUZABAD, Iran

Of the total money coming into the official betting office, some 70 percent is given out as winnings with the remaining 30 percent going to cover the costs of racing.

“I always buy prediction tickets from this office but my dad bets directly with others,” he said. I predicted correctly,” said the 18-year-old.

The really big bets happen at bigger tracks, particularly at the 10-000 capacity Gonbad-e Kavoos hippodrome in northern Iran.

“In negotiations with some sources of emulation , we finally managed to receive permission to bet on horses under certain conditions,” said Ebrahim Mohammdzadeh, an official at Tehran’s horse-racing committee.

In pre-revolutionary Iran, horse riding was considered an elite sport. Not by “betting” on the horse, he insisted — betting is illegal under Iran’s Islamic law — but by “predicting” Rio Collection would win.

“I had a great time,” Tamanna said. It hold races over a 10-week season each year.

“People are reluctant to place big bets with the prediction office,” he said . “In a way we are donating this money to help develop the races.”

MASS APPEAL

Prediction tickets can be bought for as little as 10,000 rials (around $1) with no official upper limit, although large bets are rare. “Big bets take place unofficially and the winnings are exchanged from hand-to-hand.”

Under Islamic sharia law, gambling is generally seen as illegal and Sardar’s wager, made with a friend, was actually not permitted. The Koran describes gambling as “evil, unclean and Satanic” and people found guilty of illegal gambling in the Islamic Republic can be sentenced to flogging and jail.

“I knew he would win. But thanks to certain religious rulings, many race-goers are permitted to put money on the horses legally as long as they are “predicting” through official channels.

To make it possible for spectators to take part, the Equestrian Federation of Iran sought permission from senior clerics known as “sources of emulation”, to whom Shi’ite Muslims turn for guidance on moral issues.

Most of the people buying prediction tickets legally from the racetrack office did not seem concerned, however.

As the horses pass the finishing line, the spectators — including dozens of women — jump up from their seats near the track and rush to the predictions office to see how much they have won and place money on the next one.

“Last year someone won $75,000 there in a bet,” a race official said, speaking on condition of anonymity.

“The bettor makes gains easily, without working and this causes others to lose money with consequent dissatisfaction and grief,” he said, pointing out one reason Islam regards gambling as “haram”.

He had just won 200,000 rials (almost $20). I hope I can win something,” said Erfan, 15.

Betting among individuals is not legal but still goes on.

The way it works is that jockeys authorise the horse-racing committee to place bets for other people on their behalf.

People can also place bets on horses through the federation’s website, but that misses out on the spectacle.

THE BIG BETS

Despite its limited availability, people from many walks of life crowd the “predictions” office next to the track in Nowruzabad where legal betting takes place inside a building where an electronic screen advertises: “Make a prediction, win a prize”.. “He once won 30 million rials.”

However, three forms of gambling are permitted under Islam, said a cleric consulted on the matter by Reuters.

After the revolution the idea fell out of favour and today there are only four racetracks in the country. As well as a computer screen with race details, each has a basket into which they toss the takings.

Cleric Mahmoudi warned of the dangers of gambling.

The 2,000-capacity Nowruzabad track off a major highway to the west of Tehran is the only track easily accessible to the population of the capital. Camel racing — popular in some Arab countries across the Gulf — is not a significant sport in Iran and archery has no great popular following.

Inside, a dozen women, wearing obligatory headscarves, sit behind windows, taking predictions and paying out winnings

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