Placing Your Bets on Big Sporting Events

You want to place a bet on your favourite team in the World Cup, Super Bowl, World Series or other sporting event. Like many other people, you want to be a part of an event and make it more exciting, but where do you place your bet? If you want to place your bet online, you can select an online bookmaker or a betting exchange.

Firstly you should look for a comparison betting portal, there are many around in different languages and cater for either niche events or a wide range of sports.

Online bookmakers are organisations that provide betting services for customers. They allow their customers to wager on the outcomes for a variety of events in addition to sporting events. The bookmaker sets odds for the outcome of events based on the betting patterns of their customers. The odds are set in such a way as to achieve a balance between the bets for and the bets against the outcome. This is why different bookmakers offer different odds for the same event. This is also why the intelligent gambler shops around for the best odds before placing a bet. After the event, the bookmaker pays the winner and collects from the losers. The bookmaker does not make his money from gambling but from collecting a commission for his services.

An alternative way of placing a bet is to use a betting exchange. A betting exchange brings gamblers together to allow them to bet with each other. The bettor can act as a bookmaker by establishing the odds and terms of the wager and look for someone to take the other side of the bet. Other people look at the odds that are offered and then enter into a wager with the individual who offered the bet. The wager is between the two individuals. The betting exchange just brings the bettor together and charges a small commission collected from the winnings. This is the only service provided by the betting exchange which allows the bettors themselves to act as bookmakers. Bettors can usually find better odds at betting exchanges since they are not as standardised as they are at the bookmakers. The individuals can also bet on anything as long as there is someone who wants to take the other side of the bet. The betting exchanges offer more flexible betting than do the bookmaker.

The next time you want to place a wager over and beyond the traditional office betting pool, look over both of these types of organisations. Find the ones that you feel comfortable with, open an account and enjoy your wagering.

The Big 3 Factors in Choosing a Sports Handicapper

Are you a sports fan who likes to bet on his favorite team? Are you a casual bettor or do you bet on sports seriously? For casual bettors who enjoy plopping down a few bucks on a game of interest, there is not so much a need to pay for a professional service that provides betting advice. It’s just a little money on an interesting game, and it makes spectating a little more enjoyable. But for those individuals who take their sports betting seriously, they may want to consider hiring a sports handicapping service.

In many cases, it can make sense to hire a handicapping service, but you need to understand exactly what you are paying for. You’re not hiring the handicapper (also known as “capper”), for some additional counsel. They shouldn’t be viewed as just another opinion. If you are going to pay handicappers, then you should take their tips and bet them accordingly. Picking and choosing which bets to play may not be the best strategy.

So let us assume you have made the decision to hire a capper because you are serious about making money in the world of sports betting. What should you look for in your search? Although there are many similarities in the various cappers, there are also some differences as well. In this article we will review three of the most important considerations.

Look for an Experienced Handicapper

There is an old saying that there is no substitute for experience and that is very true in the world of sports handicapping. Make no mistake that capping sports games successfully takes a lot of hard work. There are many variables to consider and these guys need time in the business to really figure out how to do their jobs effectively. That usually involves many years in the business. Thus, look for a handicapper with at least ten years of solid experience handicapping sports.

Find a Handicapper Who Posts Results Publicly

In the business of sports betting, there are many handicappers who prefer to keep their identities and results private. That may serve their own needs well, but for me, I want to know who I am hiring and what their track record for successful capping has been. Look for someone who isn’t afraid of being transparent, if not with their identity, at least with their results. It is common knowledge that even the top handicappers are only successful 55-60% of the time. Make sure the handicapper has a success rate of a minimum of 55%, so that you can bet profitably over the long run. After all, you are paying him for his expertise and he should therefore be willing to own up to all of his picks.

Ensure the Pricing Structure Fits into Your Budget

The bottom line in professional sports betting is making money. The bookmaker must get paid. The handicapper must get paid, and you, the bettor, wants to get paid too. Before you hire a handicapper, make sure you have a complete understanding of his prices. Are you paying for a subscription? If so, how long does it last, and is the renewal rate the same? Calculate the handicapper’s fees into your formula to determine how successful you need to be to profitable. Higher priced handicappers are more suited for the bigger bettors.

Conclusion

Who is the best sports handicapper? The answer may surprise you. There are quite a few good ones out there. If you choose one that has been capping for at least ten years, posts their results publicly, and has a fair pricing structure, then you have done your homework and are ready to dive into sports betting with a good partner.