5000-to-won: Leicester City win the Premier League

May 2, 2016

What is said to be the biggest underdog victory in sports history was finally complete on Monday, with Tottenham collapsing in the second half to draw Chelsea 2-2. The 5000-to-1 pre-season Leicester City managed to claim the championship of England in only 36 games.

All of the bloggers are rushing to get down their hot takes as soon as possible. I want to take a very quick view of this just to make sure everyone understands how big of an upset this was. I hate cross-sport comparisons, especially when it comes to gambling, but I am going to break my rule just this once.

The Arizona Coyotes had the longest odds to win the 2015-16 NHL season at at price of 150/1. While the NHL does have more teams than the Premier League, there is a lot more parity. When we see a weaker team defeat a stronger team in hockey, people typically do not lose their minds. When a team that is expected to be in the relegation table defeats a Champions and Europa League squad, people take notice. And when they do it consistently every week, magic happens.

You will notice that a lot of the big media who have all of a sudden decided to start covering sportsbetting are noting that this is the biggest single-event loss in sports history for bookmakers. Some English shops recording having to payout over 3-million in British Pounds. What nobody will tell you is how much of a handle they pulled on the bets on every other team. Nobody is going out of business over the result of the 2015-16 season, and any hyperbole comments made by bookmakers is purely for show.

Was it the biggest pre-season win in history? Absolutely. But if we account for all situations, the 2006 Cardinals have something to say about it.

Unit Sizing Made Easy

Lucas Amarro

May 2, 2016

Unit sizing made easy

Understanding how much money you should be betting is a crucial part to successful sportsbetting. Wagering too large will lead to the draining of your funds, and wagering too small can leave you not taking it serious enough. They wrote a fairy tale about that… Goldilocks. I could make a bad pun but I figure we should get on with the article.

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Defining your bankroll

The best way to define one’s bankroll is the money you have set aside strictly for gambling. You never want to develop the habit of betting with money you cannot afford to lose. Not only is this dangerous for obvious reasons, but it also affects the way you will approach the work you put in. Individuals who wager amounts of money that scare them will be more inclined to deviate from proper procedure in order to bet on events they believe are easier to digest. This will typically lead to a higher percentage of wagers on the favorite for spread-betting, and on the over for total-betting. It is crucial to stick with a well-defined approach in order to become a successful sportsbettor, thus eliminating these obstacles early on in your career will be preferential.

Everybody has different expenses. I have always been a firm believer that you should always have at least one-years worth of expenses saved in your bank account in the event that issues arise with your employment. Account for rent/mortgage, utilities, groceries, transportation, leisure, and other recurring payments, as well as maintaining a small emergency fund. After you have accounted for a year’s worth of iterations, you will be able to set aside your gambling funds.

You will not be putting all of this money in your sportsbook account at once! I personally recommend keeping 5-10% of your balance in each of your betting site accounts. For the remaining funds, I highly recommend opening up a separate checking account with your bank. It might seem silly and trivial to some, but the small monthly fee will be absolutely worth developing proper betting habits.

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The Beginner’s Approach

There are two distinct ways of deciding how much money you should be risking on your wagers. Both of these approaches are fine, and while I will call label one as beginner and the other as advanced, preference between them will be determined by your betting style. The first approach that we will be looking at is for individuals who are not using math models to make their picks. This will evidently include all newcomers, as well as some experienced gamblers as well.

If you do a quick search online, you will find that most people recommend risking 1-5% of your bankroll on your wagers. I could not disagree more. I have a hard time believing that someone who is not mathematically calculating their edge can be confident enough to say they believe one play has five-times the market value over another. If this were the case, you are either lying having too low standards for your minimum play. Stay far away from the people who suggest thing.

Instead, we recommend a much simpler system. Risk 1% each game. No more, no less. This means that if you have allocated $10,000 into your bankroll (via the method described in the previous section), then you will be betting $100 per game. Now this does not seem sexy, and the temptation to wager larger amounts on markets you believe can’t lose will be present. Believe me, I get it. But for someone starting off who does not understand yet fully understand the betting markets it is far too dangerous to trust yourself to grade one edge multiple-times greater than another.

As you become more knowledgable, you can increase your range to a maximum of 2%. Every gambler I’ve ever known has wanted to increase their betting size after their first winning week. I would suggest no deviations from the 1% system until you have completed a full season of wagering for a given sport.

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A Quick Lesson On Edge

I will go into far greater detail on market advantage in other articles. The beginner’s approach is generally for individuals who make their picks without using projections that yield actual numerical quantification for what your edge is. To describe things in a few sentences, the lines you can bet on at your sportsbook are not directly based on probability of occurrence. They are skewed based on perception. If you were to line a game “fairly”, so that both teams cover the spread as close to 50% of the time as possible, or the total comes in evenly to each side. Bets would obviously not come in evenly, as the vast majority of people would favor one side of a market over another even if both had a 50% chance of winning.

Now if they knew that more than 50% of people would be betting on a market that would hit 50% of the time, then they could theoretically make that side of the game worse to bet on. This will allow them to control how many people are betting on each side of a game. Now by favoring that team by more, or modifying the total, they will be able to reduce the amount of people taking a certain side of a market, as well as giving them worse expected value (since they are receiving the same payout, but with a worse win percentage).

Now while one of the biggest misconceptions amongst beginners is that games are set based on probability (which I have de-bunked), it is also a large misconception amongst “people-who-know-what-they-are-talking-about” that sportsbooks set their lines to attract an even amount of action to both sides of the game all the time. While there are times when a sportsbook will do this, you absolutely cannot rule out the possibility of a sportsbook taking a position on a game. If they could get a large portion of the bets on the side of a game that is at a disadvantage (so a team favored by more points than they should be), then they will gladly take that on instead of aiming for a full balance.

All of this to say that when you identify that there is a margin between

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The Advanced Approach

This approach is generally recommended for individuals who use math models to calculate their edge. This means that you use all of the stats and numbers available to you to attempt to compute what the true winning percentages, spreads, and totals of all games are. Then you will compare the prices of the current betting markets (what you can wager on at the sportsbook). Those with the biggest discrepancies are the ones you need to bet on.

The difference between the beginner and the advanced approach is that the beginner simply attempted to identify which market sides had an advantage, and wagered a fixed amount with each one. Now that we have a numerical system that tells us if one game has more of an advantage of another, we can justify making larger bets.

This introduces the Kelly Criterion. A calculation method that tells you how much of your bankroll you should risk for a given market edge. The reason I do not recommend beginners do this is because an incorrect edge calculation can request for a large risk. Improper work will lead to your bankroll’s demise. Here is the formula taken from Wikipedia:

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Is Sportsbetting Legal in the United States?

Lucas Amarro

May 2, 2016

Is Sportsbetting Legal in the United States?

This is the most common question I receive on Twitter. The short answer is that the only state where gambling is regulated is Nevada. The long answer is that Americans from every other state can still safely bet online with sportsbooks located in countries where gambling is legal (mainly Costa Rica). I will go into more details below, but for those of you who want a quick answer, you will not get in any trouble gambling in the United States.

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Is there any danger with offshore betting?

Tens of thousands of Americans wager using offshore betting sites each day. While

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Are Offshore Betting Sites Trustworthy?

While the majority of offshore sportsbooks run a clean operation, it is important to check the reviews for the betting sites that you are considering. This is why sites like AmericanBetting exist; to provide an honest and unbiased breakdown of every offshore sportsbook. While some are better than others, you will never have trouble getting your money

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How will deposits appear on your credit card statement

All credit card transaction statements that appear on your bill will be discrete. This means that it will not show up as an online betting site, but rather as if you purchased goods from a company. Since offshore sportsbooks use third-party payment processors

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How do I get paid?

The most common payment method with offshore betting sites is via check. These can arrive in anywhere from three days to three weeks depending on the type shipping you request. All checks come via anonymous FedEx packages. The checks will typically come from a Canadian or European bank. Similar to the shipping package, these will also have no indication that you are receiving funds from an offshore betting site. There will typically be a brief hold on your funds, but you will not have a problem depositing them into your bank account.

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Sportsbetting.ag Review

Sportsbetting.ag is a high-quality American betting site that accepts customers from the United States. They are a sister-site of the popular sportsbook BetOnline. In our Sportsbetting review we will discuss everything you need to know in order to decide if this is the best American betting site for you. We will be taking a look at signup bonus, deposit methods, payout time, betting markets, and quality of odds.

Sportsbetting Review

Sportsbetting.ag can be used by anyone in the United States. Residents of all 50 states can safely use this sportsbook because their offices are located in a country that has legal and regulated online gambling. It takes under 5 minutes to get started with an account when you join using our exclusive Sportsbetting.ag review promo link.

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Best Sportsbetting Bonus

We have spoken with the Sportsbetting.ag rewards department in order to get you the best available signup bonus for April 2024. Right now they are offering new customers who join through our exclusive promo link a 25% first deposit bonus up to $1000, a $50 mobile betting free play, and a $25 livebetting free play. On top of this, Sportsbetting give their new customers hundreds in poker and casino rewards. This is one of the largest packages of sign-up rewards offered in the American betting industry. You can get all of these bonuses by using our exclusive promo link when you go to create your account. We automatically check every few hours to make sure this is the best available signup bonus. Regardless of when you are reading this review, you will be guaranteed to get their best sign-up offer with that link. No promo codes needed! Simply use the button below or click here when you go to create your account to get the best available bonus for April 2024.

Today’s Sportsbetting Bonus

Sportsbetting Deposit Methods

This American betting site allows you to deposit instantly through a variety of different methods. Sportsbetting.ag offer their clients discrete deposits, which means it will not appear on your credit card statement as an online sportsbook. Instead it will show up as if you were simply making an online purchase (from an electronics company, for instance). You can fund your account using VISA, MasterCard, American Express, and Diners Club. One advantage Sportsbetting has over BetOnline is that their credit card minimum deposit amounts are $25 instead of $50. This makes them the better US sportsbook for casual gamblers.

You can also fund your account using money orders from MoneyGram and Western Union. Sportsbetting are also one of the few American betting sites to accept Bitcoin deposits and payouts. This allows them to offer instant, anonymous, and free payment transfers. If you want to find out how you can bet on sports from the United States using Bitcoin click here. Sportsbetting.ag also accepts deposits through bank wire transfer, checks, JCB, and book-to-book transfers. This part of our Sportsbetting review receives full marks as they are one of the easiest American sportsbooks to deposit with.

Sportsbetting Payout Time

Now the Sportsbetting review will take a look at payout time and methods. The most common payout method for American betting sites has always been check. Sportsbetting.ag checks are discrete so you will not have any problems when you deposit them into your bank account. You can receive checks by mail (2 weeks), courier (5 days), or express (1-2 days). These are all very fast compared to industry standards. You can also receive your money in under 24 hours through Bitcoin. Other Sportsbetting withdrawal methods include person-to-person, bank wire transfer, ATM only card, and sportsbook transfer. Sportsbetting review very well with their payout time.

Available Games

Sportsbetting.ag allows you to bet on thousands of different games each day. They cover all major North American sports including football, basketball, baseball, hockey, and tennis. They are one of the best American sportsbooks for European soccer. All of the European leagues including some of the lower divisions will be available to bet on. Full marks are allocated for this part of the Sportsbetting review.

Sportsbetting Markets

This American sportsbook offer a handful of different betting markets. This gives you flexibility on the ways to place your bets. On top of the traditional markets (moneylines, totals, spreads), you will have access to hundreds of team and player props. Sportsbetting.ag allows straight-wagers, parlays, teasers, and round robins.

Competitive Odds

One thing that we love about Sportsbetting.ag is that they are one of the first American betting sites to put their lines up. Experienced bettors understand the importance of getting the best available number on a game. Odds move as people begin to bet on the games. Having access to the earliest possible numbers can give you a huge advantage. While the early lines earn Sportsbetting review points, we would like to see them increase their limits. We highly recommend you have a Sportsbetting account if you want to bet on football or basketball.

Livebetting System

Sportsbetting.ag have made a lot of improvements to their livebetting system over the last few months. They offer in-play wagering on hundreds of different games each day from all major North American and European sports leagues. They also do not restrict you to commercial-only betting on their thousands of livebetting markets. The only faults we have for this part of the Sportsbetting review is that the in-play interface is a bit difficult to navigate.

Customer Support

The last part of our Sportsbetting review will look at customer support. You can speak with a service agent through live chat, phone, and e-mail. Waiting times are generally under one minute and their support staff are very helpful.

Sportsbetting Review Video

Our Sportsbetting review is now in video form! Check it out as your host guides you through all of the things you need to know about this American betting site. In the Sportsbetting review video we cover signup bonus, deposit methods, payout time, available games, betting markets, and quality of odds. Be sure to subscribe to our channel for more sportsbetting videos.