Betting Knowledge

sports betting bankroll management

Why is Sports Betting Bankroll Management essential?

Diligent sports betting bankroll management can be the difference between winning sports bettors, and those who are destined to lose all their money.

Here’s an example:

  • Let’s say that you have £1,000 to gamble with in total in your sports betting account with a bookmaker, but cannot replenish this money if you lose.
  • Let’s say you were betting on an event with only two possible outcomes, and the bookmaker was offering 6/5 on outcome 1, and 1/2 on outcome 2 (this is a made up example).
  • Let’s say according to your value bet calculations, you thought the true odds of each outcome was 1/1 – i.e. there is a 50% chance of outcome 1, and a 50% chance of outcome 2.
  • Of course you would want to bet on outcome 1, as you are getting better odds than required. You would never bet on outcome 2, as you are getting worse odds than required.
  • If you bet £1,000 on outcome 1, there’s nothing intrinsically wrong with the bet in terms of value. After all, you will be making £1,200 profit if outcome 1 happens!
  • However, what if outcome 2 happens? 50% of the time it will, and you will lose your stake of £1,000.
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horse racing form

How can Horse Racing Form be used to make better bets?

When placing a bet with your bookmaker on a horse race, you may see each horse’s form indicated. You can also see horse racing form in newspapers which carry race cards. What do the letters, numbers, and other characters mean?

They tell you how each horse has performed in their most recent races. This may help you decide how each horse will perform in the current race that you are thinking of betting on. The important thing to remember is that the rightmost entry is the most recent race, the 2nd entry from the right is the 2nd most recent race, etc.

A number from 1 to 9, means that the horse finished in that position (a limitation of the form guide, is that it does not tell you how many horses ran in that race). If the horse finished outside of the top 9, the number 0 is shown. If the horse did not finish the race, you will see the reason indicated by one of the following letters: B,F,P,R,S,U which respectively stand for Brought down, Fell, Pulled up, Refused, Slipped up, and Unseated rider. You might also see the following characters: is used to separate years, and / is used to separate racing seasons.… Read the rest

moneyline odds

How do Moneyline Odds work?

We have already explained how to understand the Fractional Odds system used by UK bookmakers, as well as the popular Decimal Odds system. For completeness, we thought we would also explain the ins and outs of Moneyline Odds. This system is popular in the USA, and as such we will use dollars in the examples below (but of course the same principles apply whatever the currency). To understand Moneyline Odds, first look at if the odds are positive or negative. Then, look at the odds. Moneyline Odds are expressed per $100 staked (although of course, you should be able to bet any amount, subject to minimums or maximums).

  • POSITIVE Moneyline Odds show how much profit you will get if your bet wins, for every $100 staked (if you win you will get back your original stake too).
  • NEGATIVE Moneyline Odds show how much you will have to stake, to get $100 profit if your bet wins (if you win you will get back your original stake too).

Let’s look at two actual examples:

  • +500: this means for every $100 bet, $500 profit will be paid if your bet wins (i.e. if your bet wins they will return you original stake of $100, and pay you another $500).
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What are Decimal Odds?

What are Decimal Odds?

Having understood the ins and outs of Fractional Odds (traditionally used by UK bookmakers), we think it will be a useful exercise for you to understand the Decimal Odds system as well. Decimal Odds show how many times your original stake (INCLUDING your original stake) you will get back if your bet wins. Obviously, this number should always be more than 1.0 as you should always get back your original stake if you win, plus some profit. Compare that to Fractional Odds which only show the potential profit you will get back if you win (of course regardless of the odds system, you will always get your original stake back if you win).

Let’s look at some Decimal Odds examples:
6.0 – for every £1 bet you will get £6 back, if your bet wins (i.e. you make £5 profit, per £1 staked). 5/1 (Fractional Odds), and 6.0 (Decimal Odds) are equivalent.
1.2 – for every £1 bet you will get £1.20 back, if your bet wins (i.e. you make £0.20 profit, per £1 staked). 1/5 (Fractional Odds), and 1.2 (Decimal Odds) are equivalent.

Fractional Odds are popular in the UK & Ireland. Decimal Odds are popular in Continental Europe, Australia, New Zealand, and Canada.… Read the rest

fractional odds explained

Fractional Odds explained in detail

Bookmakers in the United Kingdom (and Ireland) usually quote prices using fractional odds (i.e. 5/1, 1/2, etc). How much do you really know about Fractional odds? Fractional odds show how much the bettor can profit, relative to their stake, IF their bet wins. In this article ‘Fractional Odds explained in detail’ we explain everything you will need to know about fractional odds.

  • Fractional odds show the payoff:stake ratio. The left hand number of the fractional odds is the amount of profit you will make IF your bet wins (PAYOFF), and the right hand number is the amount you will have to gamble (STAKE). IF your bet loses, you forfeit the stake. If your bet wins, you get your stake back AND the payoff.
  • 5/1 odds mean that if you bet £1, you will make £5 profit if your bet wins (i.e. if your bet wins the bookmaker will return you original stake of £1 AND pay you £5 profit). Remember, the odds just show a ratio – you don’t have to bet exactly £1. If you bet £2, you make £10 profit if your bet wins. If you bet £60, you make £300 profit if your bet wins.
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Grand National facts

Grand National Facts & tips!

The 2020 Grand National has been cancelled, although the virtual version (which has been ‘run’ in recent years only) will take its timeslot (and, it will be televised on itv).

Grand National tips

Tips for the Grand National can be found here.

The £1 million Grand National race at Aintree in 2020 takes place on Saturday 4th April, only a few weeks after the Cheltenham Festival. How many of these Grand National Facts do you know?

Grand National facts

  • Tiger Roll (jockey: Davy Russell, trainer: Gordon Elliot) has won the last two races (2019 and 2018).
  • In 2017 One For Arthur (jockey Derek Fox, trainer Lucinda Russell) was victorious. In 2016 Rule The World (jockey David Mullins, trainer Mouse Morris) won.
  • Jockey Leighton Aspell famously won 2 years in a row (in 2014 on Pineau de Re, and in 2015 on Many Clouds).
  • The biggest starting price of a winner in recent years was in 2009 when Mon Meme (jockey Liam Treadwell) won at 100/1.
  • 13 mares have won, but the last was Nickel Coin in 1951.
  • 3 different greys have won (1 winning twice), with the last grey winner Neptune Collonges in 2012.
  • A female jockey has never won, but in 2012 Katie Walsh was the first to finish in the top 3 (finishing 3rd on Seabass).
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cheltenham-friday

Cheltenham Friday – Races, facts, and tips!

Cheltenham Friday tips

Tips for Cheltenham Friday can be found here.

7 races will take place on Cheltenham Friday – the final day of the current 4 day Cheltenham Festival calendar. In 2020, Cheltenham Friday falls on 13th March. The Cheltenham Gold Cup, which is the feature race of Cheltenham Friday, starts at 15:30. All these races will take place on the New Course.

  • 13:30 Triumph Hurdle (8 Hurdles, 2 miles 1 furlong) – For Novice hurdlers. This is the leading National Hunt race, for juveniles only. Barry Geraghty’s 5 wins make him the race’s leading jockey. Nicky Henderson’s 7 wins make him the race’s leading trainer (including Pentland Hills in 2019). 4 horses who have won the Triumph Hurdle, have later gone on to win the Champion Hurdle, including Katchit (2007 Triumph Hurdle winner, 2008 Champion Hurdle winner).
  • 14:10 County Hurdle (8 Hurdles, 2 miles 1 furlong)
  • 14:50 Albert Bartlett Novices’ Hurdle (12 Hurdles, 3 miles) – Novice hurdlers, at least 4 years old, take part. Tony McCoy is the leading jockey in this race with 3 wins – Black Jack Ketchum in 2006, Wichita Lineman in 2007, and At Fishers Cross in 2013. Minella Indo won in 2019 (j: Rachael Blackmore, t: Henry de Bromhead).
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cheltenham-thursday

Cheltenham Thursday – Races, facts, and tips!

Cheltenham Thursday tips

Tips for Cheltenham Thursday can be found here.

7 races will be run on Cheltenham Thursday, the penultimate day in the current 4 day Cheltenham calendar. In 2020, Cheltenham Thursday falls on 12th March. The feature race of Cheltenham Thursday, the Stayers’ Hurdle, starts at 15:30. All races below will be run on the New Course.

  • 13:30 Marsh Novices’ Chase (17 Fences, 2 miles 4 furlongs) – Novice chasers, at least 5 years old, take part. Ruby Walsh is the leading jockey in this race with 3 wins – Vantour in 2015, Black Hercules in 2016, and Yorkhill in 2017. Willie Mullins was the trainer of all these horses, as well as the 2012 winner Sir Des Champs – his 4 wins make him the leading trainer in this race. 2019 saw Defi du Seuil win, jockeyed by Barry Geraghty.
  • 14:10 Pertemps Network Final Handicap Hurdle (12 Hurdles, 3 miles)
  • 14:50 Ryanair Chase (17 Fences, 2 miles 5 furlongs) – Horses aged 5 years or older take part. Ruby Walsh is the race’s leading jockey with 4 wins, including on the Willie Mullins trained pair Vantour in 2016 and Un De Sceaux in 2017. In 2019, Frodon won (jockey: Bryony Frost).
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