Month: December 2022

Horse Racing is one of the biggest and most ludicrous betting sports worldwide. Betting on what horse would cross the finish line first is through exhaustive and extensive research, analyzing and strategizing is the very essence of what sports betting is. And a great way to start learning and getting into such is by Exacta bets — but what is an Exacta Bet?

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What is an Exacta Bet?

To know what an Exacta bet is, it is vital that we break down the semantics of the betting term. The word ‘Exacta’ means to select the first two horses to cross the finish line in the right order. Having that said, an Exacta bet is essentially betting on the first two horses that would finish the race, in the right order.

An Exacta Bet requires bettors to bet a minimum that ranges from $1-$2 for every starting bet. A wager can be made depending on the availability of the bet on your favorite bookmakers, meaning you don’t need to show up to a race track just to wager on an Exacta.The payout of Exacta Bets varies greatly depending on the type of Exacta. A normal Exacta bet could turn a single $2 bet into almost $1,000. In 2009 at the Kentucky Derby, a bettor lucked out on a 50-1 runner bet resulting in a hefty payout of more than $2,000 after horse Mine That Bird beat out Pioneer of the Nile ranking them 1st and 2nd, respectively.

Besides the usual Exacta Bet that every Horse racing-crazed bettor knows and loves, there are also other variations of the bet such as the Reverse Exacta bet.

What is a Reverse Exacta Bet?

As it name suggests, a reverse Exacta bet is a combination type of Exacta bet wherein you wager on two horses finishing first and second alternatively. To put it into perspective:

BET A – HORSE A FINISHES 1ST, HORSE B FINISHES 2ND
BET B – HORSE A FINISHES 2ND, HORSE B FINISHES 1ST

is how reverse exacta bets go, two selections and two bets. The stakes aren’t that much different from the usual exacta bet as $1 reverse exacta bets would mean $2 in wagers as there’s twice the bet. Even with twice the money on the line, reverse exactas are just a strategic way to bet as it boosts the odds of winning bar none.
There are also other ways to do your Exacta bet like Wheel Betting, Boxed Exacta Betting, and Tote Exacta Permutations, Reverse Exacta is just one of the many ways of doing it. If you are a bettor and you have full faith in your horses to finish top 2 in the race, then surely Reverse Exacta Betting is the way for you to go.

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Now that you’re all set, you have registered your account on one of the hottest bookmakers in the market and you’ve already deposited your hard-earned money to splurge on wagers, but you then come across one of the hardest questions that neither casuals nor avid bettors has a perfect answer for —”Where should I bet on sports?”

Where should I bet on sports?

With sports betting slowly expanding and developing over time, the question of what sports is best to bet on has also become increasingly harder to answer. The global expansion of sports betting has brought about a wide catalog of sports that bettors could pick from. Having that said, here is our top ten list of the best sports to bet on.

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TOP 10 SPORTS TO BET ON: 

1. Soccer

Being the biggest sport in the world, towering over the likes of basketball and American football, it is only natural to have Soccer as one of the best sports to bet on. The global recognition and popularity of the sports has made it a primary target of bookmakers in their promotions and betting offers. Soccer has quite the interesting market in terms of betting offers, primarily thanks to the promos strategized by bookmakers and the innate nature of the sport itself. PROS 

• Extensive market offers
• Quick and Competitive odds and lines
• One of the most popular sports to bet on

CONS

• Overwhelming betting markets

2. American Football

No, not Soccer, but the other Football sport with leagues like the NFL, USFL, XFL, amongst others. Football fosters one of the biggest, if not the biggest sports betting market there is in America, making its availability widespread in the country. Being one of the biggest markets, the odds offered by bookmakers in this sport are extremely competitive, as much as its betting lines are. Another big upside of Football is that bettors are more likely to encounter promos from their bookmakers that centers around the sport, viz a viz, more chances to earn free money. PROS 

• Unique betting markets
• Competitive odds and lines
• One of the most popular sports to bet on

CONS

• Has yet to expand to multiple Asian and European countries

3. Horse Racing

Even casual bettors know that Horse Racing has one of the biggest sports betting markets in the world. Similar to other big betting sports, Horse Racing’s popularity has made it a fan-favorite for sports bettors to wager on. With specific promos centering around the types of races and horses, bettors have never been more strategic and ecstatic than ever, coupled with great odds and live streaming availability.
Compared to the other sports in this list, Horse racing will always feel like the essence of what sports betting truly is, it is sports betting in its purest form. PROS 

• Availability of live streaming
• Interesting betting market
• Promos centering around the sport

CONS

• Exhaustive studying is required when wagering

4. Tennis

Even though Tennis may relatively not be as popular and followed by sports fans globally, it still offers one of the biggest betting markets in the world. With the ever dramatic storylines, animated games, and its unique, straightforward betting market, Tennis stands as one of the best sports markets to bet on. The live streaming of the sport offered by bookmakers also greatly contributes to the favorability that Tennis garners from sports bettors. PROS 

• Straightforward betting market
• Great Promotion offers
• Availability of action-packed livestreams

CONS

• Relatively unpopular sport

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5. Boxing

Boxing events and cards only come every once in a while, but when it does, sports bettors all around the world can’t help but rejoice. As straightforward of a betting market as it may seem, Boxing offers more than just that with unique and interesting rulesets, as the sport itself is a big money-making event. And for every big fight that there is, bookmakers never miss the chance to entice sports bettors with a promo that hits big money. PROS 

• Huge betting opportunities
• Unique Market
• Promotions center around fights

CONS

• Intermittent schedule of fights

6. Fighting (UFC/MMA)

Similar to boxing, UFC/MMA is also a giant in the sports betting market. With promotions and fighting cards announced and guaranteed every year, bookmakers and sports bettors get the chance to make profit from UFC events. The storylines, matchups, and odds that every UFC event brings make it one of the best sports to bet on.
PROS 

• Consistent Schedule of fights
• Promotions centering around the bouts
• Ludicrous betting market

CONS

• Costly PPV

7. Basketball

Trailing behind Soccer, Basketball is arguably the second biggest sport in the world. Basketball offers virtually everything you want from a sport, a wide betting catalog, great lines and odds, and promotions that benefit bettors depending on how exhaustively they plan their bets and wagers. Basketball bets are the most action-packed, and quickest form of sports betting available in the market.Besides the games, quite similar to other sports, Basketball is also big on the managerial side of betting wherein trades, injury and even player signings are wagered on.PROS 

• Fast way of sports betting
• Exciting game, offseason and in-season betting markets
• Unique betting offers and promotions

CONS

• Non-availability of live streaming

8. Cricket

It wouldn’t be unusual if an average sports fan hasn’t heard of a sport known as “Cricket,” but even for the most casual of sports bettors, not knowing what Cricket is just an unusual case. Cricket is one of the best sports to bet on with its innate nature of requiring sports bettors to be strategic and wise with their bets. The market of Cricket is also overly-creative, which makes the sports betting experience twice as fun, even when it results in a loss.PROS 

• Unique and interesting market
• Exciting games
• Tons of promotions from bookmakers

CONS

• Relatively unpopular

9. Esports

Compared to the other sports in the list, Esports may be the only outlier and anomaly of any sport here. However, do not be fooled as with the advancement of technology, Esports has also slowly been drumming up interest and noise from sports bettors.
Currently, Esports stands as one of the best sports to bet on, opening up sports bettors to a whole-new, different experience of wagering. The overly-extensive catalog of games, competitive odds, and interesting betting markets rightfully earned Esports a spot along with other sports.

PROS 

• Extensive betting market in games
• Availability of live streaming
•  Expansive market

CONS

• Less competitive odds compared to other sports

10. Golf

Golf’s popularity has been steadily rising as a sport in the past few years, but in the betting scene, it has been long famous. Golf’s offer of multiple betting options and tournaments to wager and pick from makes it one of the best sports to bet on.
The major Golf sporting events also foster promotions from different bookmakers, only furthering the chances of sports bettors to earn extra money.

PROS 

• Great Promotion Offers
• Offers odds with higher chances of winning compared to other sports
• Unique and interesting betting market

CONS

• Unavailability to some countries

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The practice of checking lines at multiple bookmakers to see which one offers the most value is called Line Shopping.Bettors who register accounts at multiple bookmakers are capable of doing line shopping since he or she can check all the odds before picking the best one.Those who resort to line shopping may say such a process is time consuming but “sharp” bettors insist that doing this is worth your extra time.

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START AT POINT SPREADS FOR LINE SHOPPING

New bettors should start at betting for point spreads once they are ready to try line shopping.Be mindful of the numbers who see as bookmakers often level the playing field between teams by giving points to the underdog and taking points from the favorite to create theoretical coin flips.If there’s a spread of 5.5/+5.5 that signifies that the favorite must win by six points or more for the ticket to cash, for example, that’s a situation where punters can start their line shopping journey.

HOUSE COMMISSION KEY TO LINE SHOP POINT SPREADS

Line shopping at point spreads can be done through commission, which is described as the tax sportsbooks charge on wagers.The presence of small line discrepancies often benefit the casual bettors, as a $25 bettor may wager thousands over the course of their careers.Once the cumulative sum is $5,000, the bettor can save $109 by line shopping -105/-105 lines.Unfortunately, it’s unlikely for US bettors to spot several -105 lines on sportsbooks, meaning they have to settle for -107 or -108 once they do a successful line shopping among bookies.

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ANY EDGE CAUSED BY LINE SHOPPING COUNTS

For one, the only way for bettors to beat the “vig” that sportsbooks add to their lines is done through line shopping, sharp bettors attest.The difference between -105 and -110 odds may be just small to the public eye. But seasons preach that every dollar won and lost counts, as these add up over time.Casual bettors may be resigned to the fact that most US-based bookmakers feature the same lines as they often copy those lines from “sharp” sportsbooks.However, you can still use line shopping among sports events that don’t receive much action and are within alternative and prop markets, as there are major discrepancies that are often spotted..

PICK ONLY THREE SPORTSBOOKS AS STARTERS

The concept is to pick several bookmakers before you decide to try line shopping. But don’t overload your phones with 10 sports betting apps that can sow confusion on your end.Seasoned bettors often remind new punters to open accounts with only three bookmakers for starters before you determine if you can handle more bookies from there.Choose your three sportsbooks well so that these do not have the same tech providers, like SBTech for their odds, as there won’t be enough discrepancies to do line shopping.

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The value of a bet relative to where the line closes is called the Closing Line Value (CLV).Bettors make a simple comparison of what number they bet a game compared to what the line ended up closing at through the CLV.Keep in mind that beating the market means getting the better price compared to the closing price when you resort to CLV.

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BETTORS SAVE, MAKE A DOLLAR WITH CLV

Punters get to save or make a dollar on half of their bets by going through CLVYou can beat the closing moneyline by just one cent per bet, for example, like if you bet STL at -134 and they close at -135 or you bet PIT +121 and they close at +120.Once a closing line is determined to be the point where each side has a 50% chance of winning at point spreads, you get an extra $75, which is almost a free unit.

TRACK CLV THROUGH ‘DOLLARS AND CENTS’

Moneyline sports track bettors usually track their CLV in terms of “dollars and cents.”A bet on a team at -120 that closes at -13 leads to “10 cents” of CLV, for example. This provides a simple way to track it that will suffice for punters who are looking for a fast and convenient way of calculating their CLV.You need to see the price being charged for the line they got in terms of spread betting through a free-to-use half-point calculator that is available online.

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MULTIPLE BOOKIE ACCOUNTS NEEDED TO BEAT CLV

Like other betting strategies, bettors will need to register on multiple bookmaker accounts if you want to beat the CLV.There’s still one or a few bookies that’s off the rest of the market that can help you beat the CLV even if most sportsbooks copy each and keep the same lines.It also helps that you follow experts’ advice from your trusted websites that can help your cause.

LINE PREDICTOR, BET LABS VITAL FOR BETTORS

There’s a free tool from Sports Insights that’s called the Line Predictor that analyzes more than 10 years of line changes to predict how the current lines will change using such data.Punters can create betting systems based on historical data dating back to 2005 by using Bet Labs.It’s almost a certainty that your system match will end being the sharp side once you’re able to create strong profitable systems.

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A strategy of a bettor placing the same amount of money on every sports event is called “Flat Betting.”Described as a simple betting strategy due to its lack of creativity or a change in pace, Flat Betting is used by punters who wager the same amount each time until he or she lands a winning streak.Check out how new bettors should determine the amount they will use for flat betting for a long period of time and why this strategy works, but not for everyone.

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KNOW YOUR FLAT BETTING SYSTEM TYPES

New bettors can try out the static flat betting system, where you stake an amount that is equal to 1% of the initial bank.If your bankroll has $5,000, for example, you can place money through $50 each time, regardless of whether your bank will increase or decline.The academic flat asks bettors to bet from 1% to 3% of the initial bank depending on a punter’s confidence in the positive result of the selected event.Bettors who employ the aggressive flat betting system implies that he or she keeps the initial stake size in 2% or 3% of the bank throughout the event regardless of the intermediate outcome.A chaotic flat follows a fixed percentage of the bank without the bettor not thinking about what should be the best percentage.

DISCIPLINED APPROACH, LESS RISK IN FLAT STRATEGY

One of the strengths of the flat betting system is the less risk it covers for bettors since he or she can control their bets.That kind of discipline employed by bettors would lead to possible tangible profit in their bankroll by using the flat strategy.But new bettors are reminded to study and analyze the selected events they wish to bet on, as they will get no profit if more than 50% of their predictions are erroneous.

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FIXED PERCENTAGE OF BANK KEY TO SUCCESS

New bettors are often urged to start with 1% fixed percentage of their bankroll and develop the experience with the strategy before moving up.Under the fixed percentage, the stake amount depends on the changes in your bankroll, while the percentage of the stake changes at “control points” in regular flat betting.Meanwhile, the MIller’s strategy, coined by R Miller, author of the book “Professional Gambler,” requires focus on a punter’s betting efforts on events with odds ranging from 1.85 (-118) to 1.91 (-110) or as close to 50/50 odds as possible.

PICK THE BEST SPORTSBOOK AS POSSIBLE

A bettor who commands the best knowledge of flat betting will also need to choose the best bookmaker to place his money to succeed.Explore sportsbooks with the best odds, as punters are often at a disadvantage compared to bookies due to a margin that usually varies from 3% (1.97 odds) to 15% (1.80 odds).Bettors should understand that every decision is crucial when exceeding the break-even point.Avoid shady bookmakers that use low commission as “bait” to lure new bettors. Pick the best sportsbook with minimum commission.

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One of the reasons why MyBookie stands out among most bookmakers is that the company accepts US players to upgrade their sports betting experience.

MyBookie has earned its reputation as one of the best online sportsbooks and casinos since it was established in 2014.Check out some of the reasons why new bettors should try out MyBookie as you share the word with your friends.

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FLEXIBLE BET TYPES FOR ALL PUNTERS

All types of bettors can surely find their comfort zones with MyBookie, as the sportsbook offers a wide variety of betting markets to suit their needs.One of their key features is the Live Betting section, where punters who are more comfortable predicting a match result can use it by watching the games in real time.Bettors can also check out MyBookie’s Futures Bets, Prop Bets, Point Spread Bets, Total Bets and Moneyline Bets and test their luck for a chance of a bigger bankroll.

ENTICING BONUS OFFER WITH PROMO CODE

The Welcome Bonus offer from MyBookie is a sure-fire hit among bettors, as the sportsbook offers to match 50% of your first deposit as a bonus.

Make a $50 minimum deposit to qualify for the bonus. The sign-up bonus will be credited to the user through Free Play.Get as much as $1,000 maximum for the bonus, as new users must use the promo code MYB50 in the cashier to receive the bonus.

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ESPORTS SECTION, SLEEK INTERFACE ON WEBSITE

Bettors and gamers are in for a treat, as MyBookie also unveiled its Esports section that covers a wide variety of games.
From Dota2, League of Legends and Overwatch, MyBookie is committed to launch more games in the next few months to enhance bettors’ gaming experience.
There’s also the impressive interface at the MyBookie website, which features black and orange colors to highlight key information on the site and make for easy access and user-friendly reading texts.

WORRY-FREE DEPOSIT, WITHDRAWAL OPTIONS

MyBookie is also one of a few sportsbooks that allows transactions through cryptocurrencies, which is crucial to a growing market that’s paying using Bitcoin, Litecoin, and Ethereum, among others.Users also don’t have to wait long for withdrawals through Bitcoin, as it only takes around 115-60 minutes to receive their money.MyBookie is not charging huge transaction fees for any deposit transactions of your choice from major credit cards to cryptocurrencies, as part of the sportbook’s commitment to entice more players and grow its market reach to many parts of the world.

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The 2022-23 NBA season may be several months away, but fans and bettors look to what could be a different landscape in terms of the balance of power in the league.As we venture into a futures bet, picking which teams that will go on a deep run all the way to the championship remains an exciting lead into the Summer League starting on July 7.Let’s dig deep into how to explore your foresight into the coming NBA season, where a blockbuster trade here and a major acquisition in free agency there can change the dynamic of a team’s chances of winning it all.

NBA FUTURES BETTING BEGINS AFTER FINALS

The moment the Golden State Warriors finished off the Boston Celtics in Game 6 of the NBA Finals last month comes to the early chatter on which teams bettors can pick on winning it all next June.With the Rookie Draft and free agency still a few weeks away at the time, the Warriors are given the proper respect of being installed as the top favorite to defend their NBA title in 2023.Golden State, after its Game 6 win, is tied with losing finalist the Boston Celtics with +600 odds as top bets to claim next year’s NBA championship as reported by Covers.com.

FREE AGENCY MOVES TO TILT FUTURES ODDS

As earlier mentioned, a superstar who opts out of his contract, demands a trade, or was dealt to another team in a shocking move can tilt the balance of power in the league.The Warriors are likely to parade Stephen Curry, Klay Thompson, and Draymond Green, along with first-time champions Andrew Wiggins and Jordan Poole in their title retention bid starting in October. But keeping their entire core intact is another matter.Sure, the Dubs should retain their position as among the top three favorites to win an NBA Futures Bet of “Who will be NBA champions in the 2022-23 season.” But the fate of key role players like Kevon Looney, Otto Porter and Andre Iguodala could make punters look further on other teams that boosted their lineups this off-season.

STAR’S RETURN FROM INJURIES CHANGES TEAM’S FATE

Some new punters are wondering why the Los Angeles Clippers are also given +600 odds like the Warriors to win it all in June despite missing out on the playoffs the previous season.

One reason: Kawhi Leonard. The likely return of the All-Star forward from a knee injury this year suddenly makes the Clippers one of the top favorites, as “The Klaw” will combine forces with fellow All-Star Paul George, Reggie Jackson, and Norman Powell in an effort to lead Los Angeles back to a deep playoff run.

The Warriors were no strangers to the Clippers’ situation. When Thompson went down for two and a half seasons due to consecutive injuries while Curry and Green spent several months away from the court, the Dubs missed the playoffs twice. Look at them now with all three back together on the court.

MVP, TOP ROOKIE ALSO TOPS FUN FUTURES BETS

Predicting the last team standing until next June this early has always been exciting, but bettors are also intrigued in placing money on some top individual awards down the line.Among the major individual futures bets in store on major bookmakers are the Most Valuable Player, Rookie of the Year, Coach of the Year and the Sixth Man Award.There’s also a variety of future bets to choose from once the playoffs start, with punters getting to pick as to how many games a matchup will end.Punters who bet on the Warriors to sweep the Denver Nuggets, for example, in the first round, may hold their predictions correct. If the Dubs keep their core intact or the Nuggets see setbacks on the possible returns of Jamaal Murray or Michael Porter from injuries, you might want to keep that futures bet going.