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94 seconds sports betting

Автор: Yozshuzshura | Category: Samdani forex | Октябрь 2, 2012

94 seconds sports betting

Why should I bet online? Online sports betting is the most convenient way to wager on your favorite sports. Betting before a match is underway becomes so easy. The process only takes about ten minutes. Use the linkage in the table above and go directly to the online casino or sportsbooks sign-up page in just seconds! Relive the memorable moments from March 28 in sports betting history, however, and hangs on to avoid a brutal beat, winning by a final of BTC EXCHANGES BY VOLUME

PointsBet is striving for longer uptime, coupled with near-instantaneous acceptance of wagers, to optimize the in-game wagering experience for customers. The investment is one of the largest from a financial trading firm in a sports betting-focused company since the U. The same dynamic exists on in-game markets when an operator suspends the line with regularity. It is important to note that Aitken did not offer much specificity on the level of in-game wagers that will be accepted this season within a second.

While PointsBet plans to offer additional markets that are comparable to the Bengals-Raiders offering, Aitken did not expound on the quantity of markets or the timing of full-scale implementation. PointsBet will reportedly shift its sponsorship strategy from a national concentration to a more regionalized focus. MGM Integrations, including odds segment, to debut tonight. Matt Rybaltowski Matt is a veteran writer with a specific focus on the emerging sports gambling market.

Sometimes in-play throughout the game. On any given day in Las Vegas, there are probably the better part of a thousand different bets you can make on sporting events happening that day. On one hand, this is amazing. Because every one of these bets has to be priced. And why is that the number? Why not -3? Why not ? Another popular theory is that every sportsbook has an army of math nerds crunching numbers all day long, accounting for every variable to come up with the perfect answer for exactly what every line on every market should be.

If you think about it, that would be quite the quantitative feat. There are hundreds of markets every single day, and every angle from weather to injuries to recent form to evaluating rookies to how tight referees are calling games and more is neatly analyzed, modeled, and correctly weighed by the team of supernerds in the back room days a year including Christmas. This is not a thing. Where the heck does it come from? And why is it what it is?

Sportsbooks copy their lines from other sportsbooks. There are three ways lines get made, and every sportsbook makes their lines using a blend of the three. A small army of supernerds Copying from other sportsbooks Price discovery So yes, there are some supernerds on line-making duty. But not armies of them in a bunker. Just a few here and there. Of the three ways, the supernerds play the smallest role in the process. This is for a couple of reasons.

For one, supernerd salaries are expensive. Supernerds can be good at turning the information they have in front of them into a line— but the problem is they never have all the relevant information. But someone out there does. The crowd—the betting public—always has more information than any analyst can.

Once the supernerds are out of the way, copying and price discovery takes over. To win long-term at sports betting you need a working understanding of what I will describe here. Okay, back to the explanation. Download a random sports betting app in a state that permits legal sports betting and there are lines on hundreds of games from NFL to college basketball. From Swedish hockey to Mexican soccer to badminton, most of those lines were copied from a market maker.

A market maker sportsbook is one that does more price discovery and less copying than most other sportsbooks. A market maker in general is someone who does very frequent, liquid business in a market, buying and selling, day after day.

A gold market maker, for example, does nothing but buy and sell gold all day long. You both have to agree on a price. What price would you use? The price you got from Google would certainly be the anchor for whatever deal you made. Where did Google get that price from? Where did you get the price from?

You copied it from the market maker. Yesterday you thought thirteen thousand was fair? If neither you nor your friend are in the gold market making business, likely nothing. Which is the right price? Which is fairer? Who knows. Twelve thousand seven hundred and thirty-nine dollars and ninety cents it is. Sportsbooks price most of their markets in just this way. And where do they get the lines from? Market makers are sportsbooks that operate under a different business model than most.

Is this Alabama team good? Impossible to say. Customers start betting. I accept that bet, Alabama PK , and then move the line to Alabama -1 The next guy also wants to bet on Alabama. And so on. I do the same for the entire menu of games—take bets and move the line on the action. After a while, the lines start to settle in, and the action slows down. The process is the same. Take a bet, move the line. Keep doing that until the action slows down.

Raise the limits again, take a bet, move the line. By Saturday morning, the action will have knocked all the lines pretty well into place. When the market is mature, I will have a pretty good line for each game, and by placing a hold on the market, I ensure that I will end up keeping a percentage of all the bets made into the mature market.

If someone bets one side, I move the price until someone else bets the other side. They were taking bets and not moving the line. I know absolutely nothing whatsoever about college football, yet by Saturday morning I have prices good enough on every game to put relatively little more at risk, and still expect to win on each new bet against my customers. That guy who got Alabama PK was basically stealing. Same with the -1 guy.

I can limit that expense if I put a little bit of effort into making openers. There are many methods to do this. This is where the nerds come in. Or I could save some money, not hire anyone, and just use my experience watching markets all day long to guess and get close enough. Information is one of the greatest assets a market making sportsbook has. For every single bet placed at the market maker book, the market maker knows who made the bet, when, at what price, for how much, and also the entire betting history of that player at their book.

One is for recreational customers who make no real attempt to try to win. Five is for their sharpest customers who will probably be winners going forward. After a few bets, every customer gets a number. That number is updated periodically as more betting behavior information comes in.

Two full limit bets come in on this game at almost the same time. She bet over. He bet under. You took two bets of equal size on One over, one under. Your job is to take a bet and move the line. But here the bets cancel out. Do you move the number? And if so, in which direction? Of course you move it—you move it lower. Because the sharp guy who wins in this market bet under. But move the line faster and harder when someone you know wins wants to bet you. They make bad bets. They make good bets too.

The book should be happy they took the cancelling action but should also use the information and move the line lower. The idea is take a bet, move the line. But move more when a known sharp bettor bets, because that bet carries with it more and better information about what a better line would be.

A sportsbook somewhere in the world put up an opening line and took bets and moved the line until it got to where it currently is. Then all the other sportsbooks copied that line. And copied from each other. And did a little price discovery of their own. And then copied again. Different sportsbooks might serve as the primary market maker for different sports.

The book that makes the markets for college football will likely be a different one than the one that makes the markets for Australian rules football. To make a market, you need active customers betting into the market every day. Not many books have that kind of customer base for every single sport.

If a line moves there, the other books move their lines as well. This structure creates fragility in the system. Often, one sportsbook moves a market based on a bet, and then a large number of sportsbooks will copy that move even though none of their customers made a bet.

This behavior means the real market is often much smaller and less liquid than it appears. It also allows savvy bettors to manipulate the market. Worse, it makes game integrity problems harder to spot. The best weapon in defense of game integrity is a large liquid market, where nonsensical movements stick out like a sore thumb. But just as you must understand how market making works if you want to bet intelligently, you also must understand a bit about the business models of various sportsbooks.

There are dozens of independent sportsbook operators, and obviously they all have slightly different business models because they occupy different niches in the industry. No single book will ever operate at either extreme described below. They will fall on a spectrum between the extremes. Lots of it. They tend to operate with low margins and rely on very high volume to generate revenue.

In the gambling industry world, revenue means how much the business wins betting against their customers. Because they need volume, they try to place as few restrictions on betting as possible. They make their betting limits high. They let all customers bet, even those that they think will win over time. They also try to keep their hold percentages on the low end of the spectrum. Low holds mean that recreational bettors who tend to lose at the rate of the hold percentage or sometimes even more will be more likely to stay in action longer—and therefore will generate more betting volume.

Because you take all comers and offer high limits, you can cultivate a loyal customer base that will bet with you for years and years. Many of these customers are trying to win. They can and often do lose to the market maker book but win it back and more against other sportsbooks.

But many of them are just recreational customers who appreciate the high limits and no-nonsense approach of the market making book. Third, market making allows you to manage risk effectively. First among them is that market making is hard. Second, that investment may well not pan out. As I described in the market making chapter, writing a certain number of bad for the sportsbook bets is just part of the market making process.

Those bets cost the book money. The hold percentage that the sportsbook puts on their markets gives them a margin for error. It does not guarantee that they win. Only customers choosing bets at random or without any skill at all can expect to lose their money at the rate of the hold percentage. Any customers who are choosier with their bets will lose at a lower rate or—with enough skill—will win over time.

If the market maker does its job well, it will win a very small percentage overall on a very large volume of bets. Third, market makers are extremely sensitive to how sports betting is taxed. In the United States, there is a 0.

Yet more taxes and fees get tacked onto operators at the state level. Off the top. Then the sportsbook has to pay all its operating costs like paying the smart people who work day and night to make the markets. But realistically there may not be. On volume. The market making business model would be completely and totally unfeasible. Someone must do the hard work of being the market maker. They see all the bets. Their business is to know their customers. What happens if you do that is that the market making books set up offshore and deal to customers in an unlicensed, untaxed way with no oversight.

Then all the licensed operators are beholden to a few gray market making sportsbooks. This situation is—fragile. In summary, the market making business model works on a low margin and very high volume. These books take on all comers and offer high limits. They can then focus on more traditional retail problems— marketing, sales, product development, inventory, and so on.

This is the retail sportsbook business model. Retail sportsbooks care about their margins—they want bigger ones. They may copy them. They may license a data feed that provides lines—this is how most in-play lines are delivered to retail sportsbooks. These lines are a bit of a black box. This is not inside information about players or coaches involved in the sporting event. Therefore, retail sportsbooks must balance two competing concerns.

They want to drive as much volume as they can while still maintaining their margins. But they are in perpetual fear that they are getting the wrong kind of volume—the volume from bettors who know more about their markets than they do. Retail books typically walk this line by taking protective measures. They use relatively low betting limits—doubly so for bets taken on an app or website rather than in person over the counter.

They increase the hold in their markets as much as they feel like they can while still driving volume. And, most controversially, they curate their customer pool—sometimes with a very heavy hand. Finally, accepting bets like these sometimes is good for marketing.

One thing you will notice about retail sportsbooks is that they often do not move their lines on action. If you make a limit bet into a market maker, they will usually move the line immediately. If you make a limit bet at a retail book, however, they will often not move the line. Think about it this way. Bullion, jewelry, and so on, in small amounts like people would have in their homes. Someone walks into his shop with a bunch of heirloom jewelry and wants to sell the gold.

This is a lot of gold—about the limit of what he would normally see in a transaction. He quotes his price of market-maker-price-minus-somedollars, and the person agrees to sell. And what if you found a shopkeeper who did that? Every time they bought gold, they lowered their price for the next customer. And every time they sold gold, they raised their price for the next customer? As a rule, retail sportsbooks are keenly aware of this practice, and they absolutely hate it.

For the most part, they know exactly where their lines are compared to the relevant market makers. Most sportsbooks rely mostly on the retail model. If you increase the hold, you increase your margins. Then the trick is just to try to get more customers and get your current customers to bet more and more.

Everyone wants the reliable customer who will click in bets and has no real chance to win. This one will offer a deposit bonus. That one will advertise on TV. The other one will offer a loss rebate. A fourth one will promote odds boosted markets where the hold is reduced or removed. You get the idea. Public Money Sports betting media is obsessed with the concept of public money. Usually this information is presented as-is without much interpretation.

Public money is here. Sharp money is there. Okay, great. Sounds good. Sometimes the provider of said information offers some thoughts about how to use the information. If you followed the discussion in the market making and retail book explainers before, you have enough knowledge to understand why.

The vast majority of lines get set through price discovery at a small handful of market making books. The retail books then use these lines to price their markets. They end up just gambling on the outcome. Limited exceptions to this general rule can happen in markets where there is massive public interest—NFL playoff games, World Cup games, and the like.

Most sportsbooks use the retail book business model, and most of the public action is booked by retail books. In summary, lines for the entire market are set predominantly at a handful of market making books. Therefore, the huge weight of public action has relatively little overall impact on where lines sit.

Okay, the public is all over the Dodgers tonight. It does matter a little. For one, market making books get plenty of public action as well. Mayweather was clearly a big favorite. The only question being how big a favorite he should be. That meant to bet on him, you had to lay a big price like or more. But that event was a huge outlier. Because if there were still a sharp side, sharps would bet it, and the line would move. In these cases, you can likely bet the other way blindly and consider it a good bet.

Once the game begins, the markets close. In-play markets open once the game begins. Most sportsbooks these days offer at least some form of in-play betting. The menus at some books can be as simple as continuations of the main three pregame markets. Or at other books the menus can be extremely extensive with hundreds of betting options available at all or at least most times. Each of these markets have prices that update in real-time as the game goes on.

Where the heck do all these prices come from? Most often, sportsbooks receive these odds as a data feed from a third-party vendor. As a matter of disclosure, at the time of this writing, I am in the process of launching one of these vendor companies. So this is a topic that I know a fair bit about, but also where I may have some personal biases that come through in the discussion. The way it works, roughly, is a sportsbook operator decides they would like to offer in-play betting markets to their customers.

They contract with a third-party vendor who provides a data feed with markets and suggested prices. The sportsbook then adds a hold to the markets—how much they add is up to them—and they offer the bets to their customers. Some sportsbooks contract with multiple vendors and combine the individual feeds with perhaps a twist of their own into a proprietary, aggregate feed which they then use to price the markets they offer to their customers.

Okay, so the operators buy a feed of pricing. But how do the vendor companies price all these markets in real time as the game is in progress? Exactly how any vendor does this is going to be proprietary, and they all do it a little differently. But the basic idea is that each vendor will have some sort of model, algorithm, or other process that takes in information about the teams, as well as game state information, and transforms that into prices for the markets.

You want to make an in-play moneyline for the game. But the basic idea is there. There are two major problems with this, and you may already have thought of them both. Maybe a player or two got injured during the game. Maybe the teams are playing different strategies than the market expected before the game started. Maybe the teams are playing faster or slower. Maybe the weather took an unexpected turn. Maybe one key player is playing at a much higher or lower level than their usual standard.

Much of this is information that is readily available to anyone with a web browser and a TV. They want to offer dozens of markets. All updated by the second. All priced in an instant. Since the game state is a key part of the equation to price the markets, if the game state data is either slow or error-prone, the lines priced using it will also be slow or errorprone. Even if the data feed is fast, sportsbooks are potentially vulnerable to every glitch or mistake in the data feed. That was the Patriots yard line.

Sorry about that. Timeout in-play betting is a style that focuses on offering bets to customers only during stoppages in play—timeouts and commercial breaks. While the game is in progress, the bets are unavailable. Then once play stops, the markets go up for a couple minutes until the game starts back up again.

In-play betting is most popular so far in Europe, and soccer is the most popular sport to bet in Europe. American sports are different, though. Things happen faster. In the NBA, the average possession is now just a little over ten seconds. In football, a team could break a big play for a touchdown basically at any time. Even in relatively slow-paced baseball, any given pitch could turn into a game-changing home run. Not to mention hockey. Hockey is nuts.

By the time you see Steph Curry bury that three on TV, likely to seconds have passed since he did it in real life, and the other team has probably already completed an entire possession in the meantime. The sportsbook knows via their third-party vendor feed what happened on that possession.

American sports also all happen to have plenty of timeouts. I suspect as the industry evolves that we will see the timeout model take root as the predominant form of in-play betting in the USA. There are two main business models for sportsbooks. The market maker model and the retail model.

You have to make hard decisions about exactly how to move the prices on your markets, and also if and how much to move related markets when a single market gets bet into. The retail model is to accept bets only from recreational customers. If you determine that someone is likely beating you, you limit their bet sizes, or you close their account entirely. Many operators run a business model that is a bit of a hybrid between these two extremes.

Some market makers will only make markets for a few core sports and will behave more like retail books for the other sports. Some retail books attempt to limit or refuse as few customers as possible. The way lines get made is that market maker books post opening lines with low limits and begin to accept bets.

Market makers move these early lines quickly on action. How much to move. How much to move related markets. Which markets in fact are related—and how strongly related. Sportsbooks with the best talent will get to a good line much faster and therefore less expensively than books with mediocre talent running the show.

They may shade the lines one way or another in anticipation of action from their customer base. For example, if they know their customers love to bet the Lakers, they might make any bets on the Lakers more expensive by a few percent. But rarely will they take this idea too far—typically they will anchor even their skewed markets to the lines at the market makers.

Retail books will then peg their lines to those at the market makers until the market closes. If a market maker moves a line, retail books will make the same move. This is such an entrenched strategy these days for retail books that there are third party companies whose entire business is to sell this line service to retail books—they will notify retail books in real time of any movement in any monitored market at the market maker books.

Some will even automate the entire line movement process for a retail book. This is less true for any derivative markets. But the more exotic a derivative, the less likely the retail book will be to peg their lines to those at another book. These days books like to offer as many derivatives on major events as they possibly can. Player props e.

Retail books love derivatives and props because their customers love derivatives and props. Retail books will often open these derivative and prop markets by copying similar markets at a market maker. But as often as not, they will just use the opening lines and most importantly will not peg their lines to those at another book as the market develops.

Or they may not copy the markets and lines at all and just put up a quick and dirty opening line themselves. In no case have I seen any retail book attempt to propagate any line move on one of these markets to any related markets. As a simple example, say I see a prop on the number of touchdowns scored by both teams combined in a game. The line is 6. I bet the limit on the over. Make sure you understand how each of these markets is related to an over bet on combined touchdowns scored.

Everything I just said about derivative and prop markets I can say about in-play markets, but even more so. Trading in-play markets is a legitimately hard and complex problem. Books want to offer all the same props and derivatives in-play as they do in their pregame markets.

So right off the bat these in-play derivative and prop markets will suffer from the same vulnerabilities that the pregame ones do. But layer on top of that all the extra information available to you if you are following the game closely. Sportsbooks often deal a dozen or more different games in several different sports simultaneously.

They deal dozens of derivative and prop markets in each of these games. That amounts to hundreds of in-play markets available at any given moment to customers. Think about how hard it is to get all that right! You can imagine which job is much easier. My business and interest in this industry is to solve this problem once and for all for sportsbooks.

Until a lot of smart people put in a lot of work to get all this right, you can be sure that in-play betting will be extremely vulnerable. In fact, I think any attempt to do this systematically should be considered cheating the sportsbook and potentially a crime. In-play betting is a game, a fun game, where you can use your knowledge of the sport, what you see with your eyes, in-game statistics, and more to try to outwit the sportsbook.

Buy your bets at the lowest available price. But I have a question. A good answer to this frequently has relatively little to do with the Broncos or their opponents. Every sportsbook employee operating in the US has looked at this bet. Nevertheless, you might want to bet that Broncos after all. What would be the implications for bettors? First, there would be no penalty for dart-throwing.

You could bet completely at random, and you would not lose over time. The only way to be a losing sports bettor in this alternate world would be to have a skill or gift for picking bad bets. Weather starting to look bad in Cleveland? Bet under. Bet every over. Guess what. Bet Rockies Do you think the Rockies bullpen has been getting lucky lately? Only upside for being right.

If you bet randomly into this market, you will lose—but very slowly. Occasionally, the synthetic market hold goes negative. This is a There are hundreds of people as you read this running computer scripts that scrape worldwide sportsbook lines all day long looking for scalp situations and then automatically betting them when found.

You choose a side you like better for one reason or another and bet only that side. And whether the market has a 0. This is perhaps the most core winning sports betting concept of all. Both Sportsbook A and B have the point spread at Missing something important is a huge potential problem for you when you bet into a hold even a 2.

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The reason: Like California and most other states, New York charges state income taxes. So is it better for your bottom line to wager in states like Nevada, Washington, South Dakota and Wyoming—four places where sports betting is legal and there are no state income taxes? Is it practical? Not really. A final word about state taxes related to gambling winnings: While state income tax structures differ from state to state, the percentage of the tax hit is much less than what the federal government charges.

And bettors who win money at DraftKings are subject to the same federal tax laws as they would be at any other sportsbook across the country. And, like DraftKings, FanDuel customers are subject to the same federal and state tax rules and regulations as any other sportsbook.

Put it this way: If you won an equal amount of money at DraftKings and FanDuel or any of its competitors , your winnings would be reported and taxed the same. Tax revenue has been the primary motivator for the mass expansion of sports betting across the United States. Since a U. Supreme Court ruling in May permitted states to legalize sports betting, dozens of states have jumped into the game. Like bettors and state taxes, sportsbooks are subject to different licensing fees and tax percentages depending on the state.

Also, many states allow sportsbooks to deduct money from online betting promotions—that is, free bets offered to online customers. The answer to this question depends on the state. Some jurisdictions earmark most if not all sports betting-related tax dollars for just one purpose—for instance, to support public education or boost funding for law enforcement.

In other states, the revenue collected from sportsbook operators is spread across multiple fronts. This often includes mental health and responsible gaming initiatives. Because no one state brings in the same revenue from taxes and licensing fees, the amount of money redirected to public programs differs. An example: Nevada charges a flat 6. But in New York—which brings in more sports betting revenue than any other state—sportsbook operators must pay 8.

One thing that is uniform across the board: All U. It depends on how much you win. By law, you must report any sports betting winnings as income on your federal tax return. But that gambling-related income is only taxed at certain thresholds. All state and federal tax laws apply equally to both forms of sports betting. The answer depends on several factors, including the amount you won, your overall annual income individual or household and the state where you won the taxable amount.

Just a few losses in a row will deplete your bankroll and it will take many wins to recover from such a loss. Is your system legal? There's absolutely nothing deceptive or illegal about my sports betting system at all. The system doesn't manipulate the odds or attempts to influence the outcome of the match.

It instead exploits a statistical winning trend associated with spotting Smart Money bets. No one would even know you're using a system to win your bets. I've been using it for 7 years with no issues whatsoever. I've also had ZERO complains from my thousands of other long-term users. However, if you start to win extraordinary amounts of money on a daily basis from the same bookmaker, you might arise suspicion amongst the bookmaker's loss management staff.

Will I get banned from bookmakers if I start to consistently win extraordinary amounts using your system? If you start winning extraordinary amounts of money from the SAME bookmaker on a daily basis, you will eventually get banned. Bookmakers off set winning bets with losing ones. And the good news is that there are always thousands of more losing bets when compared to winning bets.

But the bad news is that serious bettors who win most of their bets, bet with big amounts and why shouldn't they, since they are mainly winning. So it doesn't take that many serious winning bettors to off set the losing bets. Therefore I've developed a rule that has not failed me in 7 years.

As long as you stick to this rule and not get greedy, you'll be fine. Absolutely yes! That is exactly what I do. You won't even be on the bookmaker's loss management radar if you follow this rule. In fact, part of the condition of you using my Smart Money Law system is agreeing to this rule. It is essential that all users strictly adhere to this rule so we can all enjoy decades of profitable sports betting without detection.

Red accounts are actively monitored by loss management staff. I tested the same rule with many online and land-based bookmakers and it also holds true for both. You rather be safe than sorry. And just like in all other areas in our life, the greedy eventually gets into hot oil.

How much money do I need to start betting with once I get your system? How much money can I make? How much do you want? It naturally depends on the amount you start with and how strictly you follow my money management plan. You simply decide how much you'd like to make on a particular week and bet accordingly.

Can I use it from my country even though I don't have land-based bookmakers? You can simply use it with online bookmakers - there are dozens of them out there. Here's the link to some of the bookmakers I recommend. I've looked at some bookmaker websites and the way the odds are published is confusing me. Could you clarify it? The odds can be displayed in three formats but they mean the same thing. Some bookmaker sites such as bet Others don't have this option.

I've used decimal format throughout this site and my system. This way you can use any bookmaker and easily apply my system.

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Introduction to Sports Betting 94 seconds sports betting


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