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Online Gambling Guide by Jerry Whittaker…
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Sport Gambling Line


by Jerry "Jet" Whittaker
Nov 9, 2006

 

The system of sport gambling:

The system of sport generally refers to a set of events that when combined for a particular game for a particular sport represents a profitable betting scenario. The sport books involves a system in their analysis to set more accurate odds in order to make any gambler think that using a system will always work, it is the general consensus that at some point, the odds maker will have adjusted for the system to make it no longer profitable. Those systems that are meant for survival for a very short period of time are known as trends.

About gambling odds:

According to the probability theory and statistics the odds in favor of an event or a proposition are the quantity p / (1 − p), where p is the probability of the event or proposition. For example, if one chooses a random day of the week, then the odds that they would choose a Sunday would be 1/6, not 1/7. The logarithm of the odds is the logic of the probability. Generally odds have long been the standard way of representing probability used by bookmakers, though the method of presenting odds varies by location

About gambling in money line: 

Gambling Money line odds are favored by American bookmakers. There are two possibilities are the figure quote can be either positive or negative. Money line odds are often referred to as American odds. Money line refers to odds on the straight-up outcome of a game with no consideration to a point spread. If the figure quoted is positive, the odds are quoting how much money will be won on a $100 wager (this is done if the odds are better than even). Even odds are quoted as $100. Fractional odds of 4/1 would be quoted as $400, while fractional odds of could not be quoted as a positive figure. If the figure quoted is negative, then the money line odds are quoting how much money must be wagered to win $100 (this is done if the odds are worse than even). Even odds are quoted as -$100. Fractional odds of would be quoted as -$400, however fractional odds of 4/1 could not be quoted as a negative figure.

 

 

 

 

 

 

 

 

 

 

 

 

 

                                      

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