Football Betting Guide – Tips and Strategies to Bet Wisely on Football

Sports betting is one way to enjoy the game and make extra money as well. However, although this is a gamble and winning is only by chance, you it can however be a fun way to enjoy your favorite sports and make the battle more exciting. However, there are important tips that you need to learn before even putting your money into these games.

If you are a football fan and you want to make the game more fun and you would like to bet on the game, here is a simple football betting guide that will help you bet wisely. Although there are no clear cut way to win a bet on any sports game, a little research on how betting is done can help your chances of winning though.

Here is a simple football betting guide that you may find useful.

Do your research. Keep in mind that sports betting is a gamble but you can increase your chances of winning by doing a research on which type of bet can give you higher chances of winning. In most sports betting, you will have big winnings in bets that are difficult to win and lower winnings in bets that are easier to win. The choice depends on what you want though, but the risks are always there. Also do a research on the teams playing. Have a research on the teams, their chances of winning, their past performances, records of injuries and many other aspects of the game. Of course, choosing the best teams is also important in making the best wins in sports betting.

Only bet what you can afford to lose. In any betting or gambling game, it is important not to put all your money on it. Gambling is a game of chance and you can’t just risk all your money into something that the outcome is not sure of and risks are very high.

Choose what type of wager you want to put your money. Keep in mind that different bets have varying risks and chances of hitting the jackpot. A wise choice however, can help you manage your money as well as your betting.

Some of the types of bets that you can find in football are straight bets, parlays totals, half time wagers and many others. In straight bets, the team you wagered on must win the game for you to win as well. In the case of a tie, there will no winner and your money will be given back to you or deposited back into your account.

You can also bet on the combined score of both teams for the games you have wagered on. You can also bet on the halftime score, whether the first half or the second half. This is called halftime wagers. You can also choose to bet on 2 or more teams to win in the games at no particular order.

Keep in mind that there the higher the risks, the higher prize you can win, so you have to choose wisely whether you want to risk for the difficult to win or those that are easy to win but with smaller prizes.

How to Win Roulette in Casino – Do’s and Don’ts to Guide You in Playing the Game

If you love to play roulette but you are tired of not landing on the winning number, you might want to learn a few tips to help you increase your chances of winning. Of course, you have to understand first that these suggestions do not ensure that you win in any roulette game that you play but only increase your odds of winning. Roulette is a game of chance and mostly depends on your luck as well.

If you want to learn a few tips on how to win roulette in casino, here are some that you might find helpful.

1. Make sure that you are in a roulette table that do not have a biased roulette wheel. You can detect these as the outcome are often repeating.

2. Set your budget on every roulette game that you have to engage in. Keep in mind that roulette is a game of chance and winning depends on your luck, thus it means that losing is part of the game, and for sure, you don’t want to lose everything you have in such a risky venture. To help you with this, set a limit on the amount that you are willing to risk in your roulette game.

3. Start playing with outside roulette bets. These are those bets outside of the 37 numbers. These include the choice whether the winning number falls on a red or black slot, or whether the winning number is an even and odd. You can also bet on whether the outcome will fall under 19 or from 19 to 36. Aside from that, you can also choose from rows and columns where the outcome will fall. As there are lesser choices, there is however higher chances of winning, compared to the 38 choices that you have when betting on inside roulette bets.

4. If you have been playing roulette but you have been losing as well, do not play just to regain what you have lost. Chasing your losses can be disastrous to your bankroll, thus if you have been losing for a while, try to help yourself by learning how to stop. Indeed, you can stop playing if you think you have enough money to lose. Play in another time if you want to have more fun.

5. Keep your cool. In a risky venture such as playing roulette game or any other gambling game, it is important to have self-control especially in controlling your anger. It is normal to lose in roulette but you have to make sure you can keep your cool. This will help you think straight and clear on what you need to do next in your roulette betting.

Learning how to win roulette in casino may not give you an instant solution to win in any roulette game but of course, this can help a lot in helping you increase your odds of winning. In gambling, you have to strive to minimize your losses and maximize your winnings to be able to successfully make money from it.

Chase Betting Systems (Also Known As Dog Chase Betting)

If you are an experienced sports gambler you know the old adage, that if you chase your loses you will lose your shirt and be certain to bust your account. It is time to throw all that non-sense out of the window and learn for the first time, that chasing your loses is the best possible scenario. In order to make money using a chase betting system you need three items at your disposal:

1. A decent bankroll (or account balance)

2. A Plan

3. A strong stomach to carry out the plan

The old adage states that: he who chases his losses will burn through his bankroll. This is true, only if you do not have a true plan, a strong stomach and a decent bankroll. Let me explain. The old adage comes from the gambler who bets $100 on Team 1 to win today. Team 1 loses, thus tomorrow the gambler bets $200 on Team 2 to win (he thinks he can not lose twice in a row and plus Team 2 is a sure thing). Team 2 loses, then on day 3 he bets his remaining bankroll on Team 3, he loses and within three days his bankroll busts. The old adage is true, for this gambler…not for you.

You see a chase system uses simple mathematics to ensure that you do not ever lose money. However, you must make sure you bet the correct amount and you must have the guts to follow through with this program. The system is easy to follow regardless of which sport you bet on and regardless of if you are chasing a specific team or a general sport. In 2007, AFSB completed a study of the chase system in the NHL focusing on the Montreal Canadians. The system worked like this: On day 1, $25.00 was bet on Montreal, if Montreal lost, then the next time that Montreal played $50.00 was bet on Montreal, if Montreal lost again, then in the next game $100.00 was bet on Montreal, if Montreal lost that game then $200.00 was bet on Montreal and so on until Montreal wins or you run out of money. Once Montreal wins then the system resets and the next time Montreal won $25 was bet on Montreal in their next game, if they lost then in the next game $50 was bet on Montreal, however, if they won, then in the next game $25 was bet on Montreal.

This simple system made us $1,210.00 in the NBA Playoffs in 2007 (see our Article on Absolutely Free Sports Bets regarding the NBA Dog-Chase System). We again used this system in the 2008 MLB playoffs and picked up a nice $1,373.00.

In the 2010 NCAA Basketball season we are utilizing this system in a more generic manner. We are playing one Dog-Chase and one Favorite-Chase that is not team specific. Click on our Free Picks link to see the details of the 2010 NCAA Basketball Chase System hard at work.

In order to ensure that your account does not bust we recommend that you only bet with 1/4 of the normal amount that you gamble with per game. For example, if you bet $100 per game, then under a chase system you should only bet $25.00 per game. This is why:

The chase system is based upon the premise that you should not be able to incorrectly handicap a game for seven days in a row. If you are betting $100.00 per event in a chase system, and are incorrect 7 times in a row then you will be betting $6,400.00 on the seventh game ($100, $200, $400, $800, $1,600, $3,200, $6,400). To protect yourself you should bet 1/4 of the normal amount, in our examples we assume 1/4 would be $25.00 per event ($25, $50, $100, $200, $400, $800, and $1,600).

Let’s examine the power of the Chase system. Let’s examine one gambler who bets on 14 games (1 per day, over a 14 day period) and this gambler does not do so well, he wins 6 and loses 8. Example 1 below shows if he simply bets $100.00 per game at a normal -110 per game. Example 2 shows the same gambler with the same results, however, he bets $25.00 in a Chase system.

Example 1 – Sports Gambler that wins 6 bets and loses 8

betting $100.00 per game, one game per day

Game 1: Winner, $91.00

Game 2: Winner, $91.00

Game 3: Loss -$100.00

Game 4: Loss -$100.00

Game 5: Loss -$100.00

Game 6: Winner $91.00

Game 7: Loss -$100.00

Game 8: Loss -$100.00

Game 9: Winner $91.00

Game10: Loss -$100.00

Game 11: Winner $91.00

Game 12: Loss -$100.00

Game 13: Loss -$100.00

Game 14: Winner $91.00

This gambler is 6-8 and lost $254.00 over a two week period.

Example 2 – Sports Gambler that wins 6 bets and loses 8

betting $25.00 per game (with chase rules), one game per day

Game 1: 25 is bet and Wins $23.00, so in the next game:

Game 2: 25 is bet and Wins $23.00, so in the next game:

Game 3: 25 is bet and Loss -$25.00, so in the next game:

Game 4: 50 is bet and Loss -$50.00, so in the next game:

Game 5: $100 is bet and Loss -$100.00, so in the next game:

Game 6: $200 is bet and Wins +$182.00, so in the next game:

Game 7: $25 is bet and Loss -$25.00, so in the next game:

Game 8: $50 is bet and Loss -$50.00, so in the next game:

Game 9: $100 is bet and Wins $91.00, so in the next game:

Game10: $25 is bet and Loss -$25.00, so in the next game:

Game 11: $50 is bet and Wins $45.00, so in the next game:

Game 12: $25 is bet and Loss -$25.00, so in the next game:

Game 13: $50 is bet and Loss -$50.00, so in the next game:

Game 14: $100 is bet and Wins $91.00

This gambler is 6-8 and WON $105.00 over a two week period with a losing record.

Obviously you can use this system in way you wish, here are some possibilities:

(1) Team specific. In 2007, in the NHL we only used this system betting on Montreal. If Montreal lost, we doubled up on the next game, if they won, then in the next game we reverted back to our starting point.

(2) Position specific: In 2010, we are playing one dog and one favorite every day in NCAA Basketball, if the dog loses then we double up on a different dog the next day, if the dog wins then the next day we revert back to our starting point. (The same is true for our favorite system)

(3) Position specific within a series: In the 2007 NBA playoffs we played on the dog throughout a series, thus the dog could be Team 1 in game one vs. Team 2, but then Team 2 could be the dog in game 2. We played on the dog regardless of who we played on the previous game.

You must be cautioned, there will be a point wherein you find yourself wagering more than you ever wagered before on one game, however, when that game hits your profits skyrocket. Please do not bet your normal unit, bet 1/4 or less.

If you are skeptical, review our article on NBA Dog-Chase from 2007, view our results from the 2008 MLB Playoffs, or just click on the Free Picks link from our web site and see how the system is working in 2010. Once you see how good it works, you will be addicted.

Taxes on Your Gambling Winnings – You Owe Uncle Sam a Piece No Matter How Much You Won

When you’re gambling at a casino, you may win a few bucks here and there and leave with more dollars than you brought with you. It may be as little as $20, or as much as $1,000. When cashing out you were never presented you with a form to declare your winnings to the IRS. If you think you’re home free, think again. As a U.S. citizen, you owe Uncle Sam a piece of the action regardless of the amount. Many players think that just because they were not given a tax form there’re home free. Not so.

So, what does get reported to the IRS? Larger amounts that are won at gambling establishments such as casinos, lottery retailers, horse race tracks and off-track betting parlors. They will issue a form W-2G, one copy to you and one to the IRS. Here are some details:

Machine Games

$1,200 or more won at a slot machine, video poker, video keno, video blackjack, etc. This only applies to a single jackpot payout amount. Accumulated credits are credit meter wins and do not count.

$1,200 or more won at a live bingo game will also trigger a W-2G, and $1,500 or more at a live keno game (minus your wager amounts).

The casino will not withhold any gambling taxes from awards in the $1,200 to $1,500 range provided you present a valid photo ID and social security number. If you do not provide this information, 28% will be withheld.

Live Table Games

Winnings from live table games are not reportable on a W-2G, except if there is a very large prize amount offered for a small wager, such as a dollar bet for a shot at a progressive table jackpot, where the winning odds are over 300/1 and the win is more than $600. For example, Caribbean Stud offers a huge progressive jackpot for wagering only $1, if you’re lucky enough to hit a Royal Flush.

If you win $600 or more in any other wagering game, such as horse, dog racing or sports betting, and the amount is at least 300 times your bet minus your wager amount, the establishment will gift you with a W-2G. If your winnings exceed $5,000 and the amount is more than 300 times your bet, 25% will be withheld. The same withholding percentage also applies to any cash prize of $5,000 or more in poker or other card tournaments minus the buy-in amount.

Winnings on state lottery games such as lotto, numbers, scratch-offs, etc. can be collected at your local retailer up to $600. Any more and you’ll have to visit the main lottery office in your community, where a W-2G also awaits you. This information is from the New York lottery. Other states may have different rules.

Winnings on Daily Fantasy Sports (DFS) contests at this time are considered games of skill. DFS sites will issue a 1099-MISC, not a W-2G for winnings of $600 or more.

Video Lottery Terminals (VLT)

$600 or more in winnings from any class II ​Video Lottery Terminal game will also invite a W-2G. This includes any winnings on machines at jurisdictions that are operated by a state lottery. For example, New York State has nine race tracks with VLT’s that are pseudo slot and video poker machines.

Deductions

The good news in all of this is that gambling losses are tax deductible but only up to the amount of your winnings, and only if you itemize deductions on your tax return.

The IRS wants to make sure that you indeed lost what you claim you lost, so a record of all your losses is required. Win- loss statements are available from most major casinos at the end of the year, provided you used your player’s club card when playing machines. Save those losing scratch-off tickets, Lotto, Powerball, and Mega-Millions tickets, daily numbers, Quick Draw, OTB, etc.

For losses on Daily Fantasy Sports contests, the IRS position at this time is unclear. Because of the skill factor, your winnings are in the hobby category. Therefore, any losses would not be deductible, although this situation could change at any time.

You don’t have to record the tickets on your tax statement, but they may be necessary if you are audited. All the IRS wants to know is the type of wager, the amount of the bet and the date of the transaction.

Always play it safe and check with your tax preparer for your personal needs.

Online Gambling – Its Advantages and Disadvantages

Online gambling has become a popular game now. The history of online gambling is not very old. This game has both a good and a bad side. In certain cases playing online gambling is better than playing at live casinos and in some ways it is not. We can understand this better if we look at the various pros and cons of online gambling.

Let us first see the pros. The market of online casino and gambling is a highly competitive one. Some of the sites offer big bonuses that helps in attracting the players and they can make money. Besides, a number of sites offer various types of promotions and rewards for keeping their players.

As compared to live casinos, the online casino games have better odds and more forgiving rules as they do not posses the same overhead costs as is found in case of real casinos. The greatest advantage is that you can play it directly from your home if you have an internet access there. You do not need to travel for playing the game online.

Playing online casino games also keeps you away from the huge crowd that is found at live casino parlors. You can play at your own convenience at anytime of the day you feel like. There is no one to distract you while you are on with a game. Besides, you also do not require giving tip to the staff. Thus it helps in saving your pocket.

These were so far the positive sides of playing online gambling. Let us now take a look at its negative sides. The withdrawals associated with the game can take a longer time to come. This is not the case with live casinos. However, the money in online gambling gets transferred directly to the bank account.

Another major problem with online gambling and casino is that you do not get customer service instantly, which is true for live casinos. The online casino sites generally have telephonic support or live chat team for the players. However, the service is not that fast.

If you want to try out a variety of games at different online casino gaming sites, then you need to deposit money at each of them rather than carrying the cash around that is possible at live casinos. It depends upon you whether you find it comfortable to play at a live casino parlor or an online casino.