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Category archive: Betting Guide

How to bet on horses – A beginner’s guide

Horse races are timeless, many being fascinated by them just like their grandparents were. However, it is no wonder this happens, since this is considered an aristocratic activity. Also, this is highly entertaining and engaging, especially is you also bet on horses. A sports with tradition, you might want to visit some racehorse forums before…

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How to boost floral purchases

According to recent statistics, most of the purchases in the floral industry were the result of pure impulse. This can be easily explained by the fact that flowers can be purchased from supermarkets and local outlets which are much more convenient. This in turn represents a factor of concern for florist businesses that are in…

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How to organize a football betting championship

Do you love to bet frequently on all of the major and minor football games? Are you a passionate online gambler who likes to spend a lot of time on the professional betting tips websites, reading about the odds and most advantageous betting strategies? If so, then you probably have friends as passionate about sport…

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The Anchoring Bias

The anchoring bias refers to the situations when we anchor our reason in the first relevant information that we come about. Our next step in that situation is to judge all future information based on the initial data. In order to avoid the effects of this bias you need to make your own estimate of a game before reading any news or bookie prices.

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How to Bet on Sports Tips- The Deception of the Winner Bet

The winner bet syndrome is very dangerous for beginner bets who end up loosing a lot of money due to the fact that they base their bets on their instincts. If you want to learn how to bet on sports, you must acknowledge the importance of a pregame analysis and you must let go of the belief that your luck will eventually make you a rich man.

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Sports Betting Stats

Knowing how to read and use sports betting stats is a very important skill for a professional better. In this article we cover the main categories of sports statistics ( descriptive and inferential) and we teach you how to use them in order to be able to predict the odds of a sports event.

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Frequency Distribution in Sports Betting Stats

Frequency distribution is an important organizing tool in sports betting stats. It allows you to simplify the process of gathering information and it also helps you highlight statistical trends and outcomes. It can be used with any type of data gatherings therefore it can be used in all types of bets.

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Sample and Population in Sports Betting Stats

Sports betting stats are an important part of the betting research and analyses. In this article, we cover the differences between a population and a sample. In the betting world, a population refers to all the objects of a group of objects whilst the sample is only a subset of the population.

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Betting Psychology Basics – The Narrow Framing Effect

The narrow framing effect is a cognitive bias which affects our judgement on account of a first impression. In simple words, it refers to our tendency to see things how they seem instead of how they really are. In the betting world, a wrong first impression can cost you a lot of money.

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The Rule of Multiplication in Betting Probability

The rule of multiplication can be applied to both dependent and independent events.It can also help you calculate joint odds when you want to bet on several games. These aspects of probability are very important if you want to be a professional gambler and earn a regular income out of bets.

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Money Management in The Betting World

Money management is a very important part of the betting world. In order to advance from a recreational better to a professional one, you need to establish a monthly betting bankroll and learn how to divide it into several bets. The bankroll represents the money that you are left with after you cover your monthly expenses.

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The Kelly Criterion

The Kelly Criterion is a rather simple money management betting system. However, in order to make use of this system, you must be very thorough with your sports analyses so that you can deduce an accurate probability of winning. This system is not recommended for recreational betters.

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The Permutation Betting Systems

In order to use permutation betting systems you need to familiarize yourself with both permutation math and parlay bets. There are a lot of such systems that you can use and they all have a different number of wagers ranging from 7 to 247. It is best if you start with simple systems like the Patent before trying out the more complex ones.

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Betting Bias: The Empathy Gap

The empathy gap is a cognitive bias which refers to the situations in which our emotions affect our decision making kills. In the betting word the most common example of the empathy bias is when a gambler is angry about losing several bets in a raw so he starts betting foolishly.

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