I live in the US, and would like to know if it is legal to design and create a sports betting website. I know there are literally hundreds of these sites out there, but just not sure if creating one would be the same as creating any other online business site, or if there is more paperwork/legal jargon involved? Or if it is even legal to create such a site.
Does anyone know of a website where I can go and read up on this?
Your best advice is to move out of country if you are indeed serious about starting a sports betting website. Although there are plenty of offshore sites dedicated to US residents, it’s illegal to house one here.
Archive for September, 2009
how do you create a sports betting website?
Wednesday, September 30th, 2009Has anyone ever used John Morrison’s sport betting system? Does it work?
Wednesday, September 30th, 2009I found a sports betting system and i was curious if anyone had used it and if it works. The guy claims to have a winning record of 97% of his bets. Seems crazy and i was wondering if anyone had used this and if you found that it works?
Someone on a forum described his system once, and he does NOT win 97% of his bets. He uses some arbitrary statistic to pick games, then runs a negative progression (increases bets when he loses), and claims each progression as one "bet" (even though it might be several). The particular sample of results that was shown where he was claiming he won a bunch of money was actually a LOSER because of the size of the bets he lost when the progression busted out. So yeah, gigantic waste of money.
If you’re going to pay for picks, you need to find an established handicapper with at least a few years of records showing they are consistent winners in the sport you want to bet on. There are a couple of third party companies out there who keep track of how well online handicappers have done in the past, so you should seek then out a pick a handicapper based on past results.
And whatever you do, don’t make bets based on what people who give out "free" picks say. They have no motive to make the correct picks (since most of them don’t even place actual bets), and no way of tracking whether or not they’re telling the truth about their success.
What is the biggest you ever won in sport betting ?
Wednesday, September 30th, 2009I heard too much about people losing their rental money or girlfriend.Is there anyone out there who win something out on sport betting ?what is the odd & the bet ?
Once won $25,000 on a Super Bowl pool.
Sweet Money…
How can I start winning in horse betting?
Wednesday, September 30th, 2009Ok, I mostly do trifectas but never win. I don’t like picking favorites because of the money won sucks. What bets do you experts pick as far as tri,tri box, exacta, quin, etc. Sometimes I’ll take a longshot across the board but rarely pans out. Alos how do you determine your picks? Obviously the odds are pretty accurate, but I’d like to actually like to some cash. I frequent a small horse racing venue(paire meadows) and alot of unproven horses race there. Somebody gimme some tips please, I know some of ya’ll are proven winners…but your probably at the track winning right now(sigh). Thanks
You really gotta know what you are doing 2005 I won 500,000 betting on Smarty Jones at the Kentucky Derby. This year I went to the derby again, but bet on a horse that ended up not winning and only won 20,000. It’s against all odds. Try going to a casino and watching other people, do some serching on the net. GOOD LUCK. I love horse racing!!!
Where can I find NFL and College Football Betting Tips?
Wednesday, September 30th, 2009Little known or out of the mass media sites are great. I like stuff people might not have heard about. Thanks and goodluck with your bets this year.
You’ll find excellent tips at http://www.Sportsbook-Ratings.net Free picks published every day! All of the picks are free, none of the picks are sold, and their are other great cappers that post there too…especially during football season! Click ‘Free Sports Picks’ at the top of the page.
would this betting system go against casino rules?
Wednesday, September 30th, 2009I know its "just another Martindale system" but this gets round the issue of min/max bets. I am wondering whether it breaches any other casino rules for roulette.
You start with $1 on one number, betting in the same way until you are $10 down.
Then you double, go with $2 for another 10 spins and so on.
Eventually you have to win, and when you do you get all your money back plus a nice profit.
Would this breach any roulette rules i havent thought of?
If you run badly enough, this will run into a problem at most casinos. The table’s maximum bet. At the casinos I have played in, its usually $500 for an even money bet, $50 for a single number bet. Although, you’d have to run pretty badly with the system you describe. If you did what you describe all the way up to the table max of $50…you will win something:
1 – (37/38)^500 = 0.99999838168252 = 99.9998% of the time
But a small small part of the time you’ll lose: $12,750
Also this creates another problem: this doesnt work because if you would get to the $50 bets…a single win wouldnt put you out of the hole. $50 x 35 = $1750.
So….we cant go all the way up to $50 in 1 dollar increments 10 x each
We can only go up to $6 before the 10x method would make us fall behind on successful hit ($210 = 35 x 6)
so you only have 60 spins to successfully hit a number and guarantee a profit with a single winning spin:
And you will accomplish this a respectable:
1 – (37/38)^60 = 79.81% of the time…
but 20.19% of the time you will be out $210…and although I wont show it because its a bigger pain in the butt…the 79.81% of the time you do win, your average win will not be $52.50 or more (which is what you would need to roughly break even here)
Long story short…THIS WON’T WORK.
Edit: reading your post again…I see that I think you were going to double every ten spins, not just increment by a dollar like I did this math on. However, you will still have the problem of…occasionally hitting the table maximum when you are running really badly. If you would double the bet every ten spins on a $50 table maximum for a single number…you only have 60 spins to hit a number.
The only way this system "works" is if a person has an infinite bankroll and has a casino willing to take any size wager…neither of which exists in real life.
Top Sports Betting Strategies – Guaranteed to Work
Monday, September 28th, 2009
Are you interested in gambling? If you are, what kind of game would you like to bet on? How about one of the most favorite gambling in society today? That is Sports Betting. “Sports betting” is a good way to gamble because you can enhance the enjoyment of watching your favorite sports game with it. You’ll be more excited if your bet wins and be more contented with your favorite team or athlete wins the game. If you are unsure of how exactly are you going to strategize on sports betting, then here are some tips on top sports betting strategy that you can use to win easy money.
Before continuing, please be reminded that this top sports betting strategy is just a way of betting and does not guarantee that you will win every single time. You can use this top sports betting strategy to increase your chance of winning but you definitely won’t win every time.
The first part of this top sports betting strategy is to gather and analyze information about the sports game, the teams or individuals that will be competing, the odds offer, the value of the odds and the type of bet. These things are important so you must know all of these before engaging in a bet. The information that you should really focus on are the odds offer, the value of the odds and the type of bet. The odds offer has to be no less than 2:1 to make the bet sensible. If essential, you should prefer a selection with a faintly higher risk to uphold the cost. In doing so, you would be able to make more money although there is also a chance of losing more money. So do this only once in a blue moon. The value of the odds has to be such that the sportsbook’s commission is to a minimum, if by any means. A few lines get ’steamed’ unreasonably. When this occurs, the ‘favorite’ price would increase. Take advantage of those situations. If you bet on the right one, you’ll be able to gain much more. There are three types of bets that are very popular. These are the straight bet, the Doubles and the Future. These three types of bets appear to be prominent as a reasonable permutation to use for the reason that they are simple and have excellent probability of winning. Learn more about these three types of bets so that you’ll be able to use it to your advantage. Once you’ve got all these information in you, you can now decide in a rational manner. This way, it would be easier for you to see which you should bet on to guarantee your win. The next thing then that you should do is to look for a good online sportsbook. You should choose the one with a good background history, have a fast enough pay out, and have a considerably fair customer service. You should also choose the one that you can win bigger money on.
This top sports betting strategy requires you to do much research but it is worth it since you can have a higher chance of winning and also let you win bigger.
Chris Grisham
http://www.articlesbase.com/sports-and-fitness-articles/top-sports-betting-strategies-guaranteed-to-work-557961.html
Roll the Luck Dice With Internet Sports Betting
Monday, September 28th, 2009
More than a chance
Gambling has ceased to be merely a game of chance. Involving presence of mind, research and analysis, ‘gambling’ which in the strict sense of the word is generally clubbed with ‘luck’ has now definitely emerged as sport that has attained multiple dimensions. The internet revolution, which has affected more than one aspect of our everyday life, has also granted gambling a new byline– Everybody is invited.
Log on to the world wide net and introduce yourself to the hundreds of sites offering advise on online betting and internet sports betting. Not that gambling and sports betting were not popular before most home got ‘plugged’ to the cyberspace, but yes, with the internet inviting more and more people to the convenience and potential it offered, it was hard not to notice the new facets of sports betting in form of intenet sports betting where more and more people, immersed themselves in online basketball gambling, professional football betting online and college football betting online besides betting on a score of other games.
Modern day internet sports betting is witnessing more and more relatively inexperienced people trying their luck with online basketball gambling, professional football betting online and college football betting online to name a few. A major reason for the same is the free advise on online betting offered by reputed online gaming sites like www.whowillcover.com which analyzes statistics after extensive research and believes in following a scientific methodology.
Getting started with internet sports betting
You must have heard about several individuals who have made it big in the world of online basketball gambling, professional football betting online and college football betting online.
But can a relatively inexperienced person hit the jackpot through internet sports betting? Believe us, many have, thanks to sites like whowillcover.com who offer in depth analysis, research newsletters, team rankings etc which go a long way in equipping you when it comes to online basketball gambling, professional football betting online, college football betting online etc.
Follow the simple tips mentioned low and discover a world of money and some cool cash.
Go in for a reliable bookmaker:
To start with, ensure that you choose more than one reliable bookmakers. When you opt for multiple bookmakers, you have access to multiple possibilities of internet sports betting . Moreover, this helps you bet at largest possible odds and a couple events. You may be interested in trying your luck on online basketball gambling or professional football betting online but never forget to carefully read the rules and regulations on the website you have chosen.
Open the account:
Before placing a bet, you have to open a betting account. It’s not a difficult job, just click on the ‘Register’ or ‘Open an Account’ link on the website. After supplying some basic information, you will be given a username and a password (in most cases you can choose the combination yourself).
Deposit
In order to place a bet, you must have some money in your account. Most bookmakers give you different possibilities for deposit. You an use your credit card or go for a bank wire. However, credit card deposit is the fastest, as as the money would be transferred in not more than a few seconds, and you can start placing bets almost immediately.
Start placing your bets
Once your account has money, you’re all set to try your luck with professional football betting online, college football betting online or online basketball gambling. Remember that some homework on the team you are betting on and some research seldom hurts.
Withdrawing cash from your betting account
You may want to withdraw your money after some time from your account. Note that some bookmakers charge heavy fees when you make a withdrawal from your account. Although the fees varies from one bookmaker to another, you should not open an account with one who charges more than one percent of the withdrawal amount.
Happy gaming!
David Kaplin
http://www.articlesbase.com/sports-and-fitness-articles/roll-the-luck-dice-with-internet-sports-betting-63987.html
Horse Racing In An Ancient Sport That Flourishes Today
Monday, September 28th, 2009
There’s just something about the majestic horse that’s enthralled human beings for thousands years. Whether it’s the gentle giants’ grace and beauty or their ability to help humans get big jobs done – or both – humans and horses have gone hand-in-hand throughout history. In addition their more utilitarian functions, horses have also been greatly appreciated for their ability to race. In fact, horse racing has been and remains a big attraction.
The roots of horse racing date back to about 4,500 BC when nomads from Central Asia first learned to domesticate the gentle beasts. Known for their grace, agility and speed, horses were naturals for use in competition. In the past, horse racing was a sport of kings and nobility. Knights and their noble steeds would race, training for battle and long-distance runs.
Nowadays, horse racing is a big business that centers on a lucrative industry that rakes in millions and millions of dollars through the placement of bets. Modern horse racing is one of the few forms of legalized gambling and it’s one that’s enjoyed by people around the globe.
Horse racing is such a big sport, in fact, that figures from the late 1980s show that more than 56 million people attended racing events and bet more than $9 billion on their favorites. The numbers have only climbed from there!
Thoroughbred horse racing is by far the most popular of the types of horse racing that involves wagering. But what are thoroughbreds and why are they so fun to watch and bet on?
Thoroughbreds basically are a special breed of horse that traces its ancestry back to specific horses. Thoroughbreds are primarily horses that have Arabian descent that have been bred specifically for ability to carry weight while maintaining speed over extended distances. Sleek, beautiful and fast, thoroughbreds are born to run and run well. To be considered competitive stock, thoroughbreds must maintain a strict pedigree, as well.
The tradition of horse racing in America and elsewhere runs deep, especially with the thoroughbreds. American thoroughbred horse racing has long been a popular sport with winning horses becoming household names. With four-legged heroes such as Citation, Secretariat and Seattle Slew to champion the way, the American sport of thoroughbred racing is well established and followed.
In America the big thoroughbred races center around three particular events – the Kentucky Derby, the Preakness Stakes and the Belmont Stakes. Horses that can win all three races in a single year are deemed “Triple Crown” winners and are celebrated in much the same manner as a Super Bowl-winning quarterback would be. Very few horses can pull off wins in all three arenas.
So, what is the draw of horse racing?
That answer depends on the spectator in question. But, for many, it’s the thrill of the race itself, rooting for a favorite horse and the chance to rake in big on bets. Some, however, simply enjoy watching the incredible spectacle of the beautiful and large animals race around the track with a level of grace a ballerina could only hope for. Whatever the draw, horse racing is a sport that runs deep in tradition and is loved by millions.
Ray La Foy
http://www.articlesbase.com/sports-and-fitness-articles/horse-racing-in-an-ancient-sport-that-flourishes-today-83849.html
Only 2% Will Beat The Bookies And Make Their Horse Racing Betting Pay
Monday, September 28th, 20096 Ways To Beat The Bookies
It is widely quoted that only 2% of horse racing punters actually make anything like decent profits from horse racing over the long term. And probably much less than that are actually able to make a living from horse racing.
From my side of the fence, as the owner and operator of a successful racing tipster service, it is easy to see why the average man in the street doesn’t make a success of his betting activity.
I am often asked if it is possible to make decent profits from horse racing. I would list the following advice as vital to finding success when betting on horses.
1) Decide On Your Betting Bank From The Outset - It is important to never bet more than you can comfortably afford to lose. Decide on an amount that you are prepared to set aside solely for your betting bank, then divide this amount by 25 and the figure you are left with will become your stake. As your profits increase or decrease, you will always be betting one twenty-fith of your bank (if betting at level stakes), and this will offer you some protection against losing runs.
2) Never Chase Losses - The road to the poor house when betting on horse racing is to chase your losses. Trying to bet bigger stakes each time, following a losing sequence, will end in profit…. but only for your bookmaker! Stick to your staking plan and don’t divert from it whatever the temptation.
3) Leave Emotion Out Of The Equation - You should aim to develop a detached view to winners and losers alike. There will always be winners (if you know what you are doing), and there will always be losers. Don’t allow emotion to creep in whether you are in the middle of a winning sequence or a losing run. If you are serious about your horse racing betting, you must treat it like a business and aim for long term profits without becoming emotional, win or lose on the day.
4) Treat Your Betting As A Business, Not A Hobby - In order to make your betting pay over the long term, you must operate as you would if you were running your own business. This means keeping proper records of all of your betting activity, profits and losses.
5) Knowledge Is Power - If you can’t afford the time (and it can take years) to build up your own knowledge of the form book, or to make a few decent contacts of your own, then try to find a racing advisory/tipster service that has stood the test of time.
6) Aim For Long Term Profits - If you are using your own (or someone else’s) system to make your selections, give it enough time for a sensible test period. There is absolutely no point in jumping from one system to the next without giving it time to work.
The same applies to using a racing advisory/tipster service. Aim to find a service that has been around for some time, proofs their selections etc. Then once you have made your choice of system or tipster service to use, don’t jump from one to the other after a short period. Decide on a fair test period and stick to it.
Finally, horse racing can be a fascinating and exhilarating hobby, but if you want to make your betting pay, follow the rules above and you’ll have a head start over most punters out there!
Roy Carter
http://www.articlesbase.com/online-gambling-articles/only-2-will-beat-the-bookies-and-make-their-horse-racing-betting-pay-3871.html