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Betting Odds Made Simple

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Those who are serious about sports betting know that one of the most important factors a bettor should take into account when placing a bet is the betting odds. Betting odds determine how much money you will win in the event that you made the correct prediction. They are used by every bookmaker out there and basically express the probability of a certain outcome in an event. While it is extremely important to know the odds when making a bet most people have difficulty sorting out what all of the numbers mean. This is understandable because there are a number of different types of odds out there.

Most bookmakers use one of three types of odds; decimal odds, fractional odds, and US odds. Decimal odds which are used in Europe are the easiest to understand. To determine how much money you would win using decimal odds simply multiply your bet by the decimal. If for example you place a $50 bet on a game with 1.2 odds then you would win $60 (50 X 1.2 = $60). Since decimal odds are the easiest to understand most bookmakers will display them alongside other types of odds but this is not always the case.

Fractional odds which are used primarily in the UK are a little more complicated then decimal odds but a little less complicated than US odds. They basically quote the net total that will be paid out to the bettor, should he win, relative to his stake. The higher the top number and the lower the bottom number the better the payout. 4/1 odds for example would mean that a bettor would win 4x the bet in addition to their stake, 5/2 odds on the other hand would mean that a bettor would win 2.5X their bet plus their stake, and ¼ odds would mean the bettor would earn .25X their bet plus their stake. To make it easy, simply convert the fraction into a decimal, multiply it by your bet, and then add your bet to determine your potential winnings. For example if you place a $50 bet on a team that has 6/5 odds then you would divide 6 by 5 to get 1.2, multiply 1.2 by $50, and then add $50 to get a total of $110 in potential winnings. (6/5) x $50 + $50 = $110. While this may seem complicated it's not that difficult once you know that the bet itself is added on top of any profits.

Finally, US odds are used primarily in- you guessed it, the United States of America. They are based off of what a player needs to wager in order to win $100. These odds are expressed as either a positive or negative number. A team that is likely to win (aka the favorite) pays out less so they will almost always have a negative number. A negative number simply means that players will need to wager more $100 in order to win $100 in profit. If for example a team has odds of -120 then a player will need to wager $120 in order to win $100 in addition to their wager. An underdog team on the other hand is unlikely to win so they will almost always have a positive number. The higher this number the more profit you will make off of a bet of $100. If for example if a team has +120 odds then that means a wager of $100 will result in a profit of $120 in addition to the $100 wagered. This system works great if you are betting with or trying to earn $100 but most of us don't have that kind of money to flash around so things can get a little complicated. To make things easy, simply calculate what your profit would be if you had wagered $100 and then divide that by 100/(your actual bet) and then add your bet. If you place a $50 bet on a team with +150 odds, then you would take $150 and divide it by 100/50 and add $50 for a total payout of $125. 150/(100/50) + $50 = $125. Since these types of bets can get complicated fast it's always a good idea to try and stick to bets of $10, $20, $25, $50, or $100.

Now that you know what odds actually translate to money wise it should be a whole lot easier to place bets. Sports bookmakers are always looking to make a profit so by looking at the odds you will easily be able to see what teams have the supposed advantage going into a match and how much many money you could stand to gain by betting on a certain team or outcome. You can play things on the safe side take a good chance at a small amount of profit or you can take a shot and wager on a team that could pay out big. Of course knowing that a team has next to no chance of winning or that a team has a better shot then you thought could very easily make you change your decision about where to put your money. Knowledge is power, so even if you plan to place a bet regardless of the odds are it is always a good idea to know them just the same.

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How to Keep your Kids from Getting on to Your Online Casino Accounts

altOnline Casinos can be lots of fun. They are a great way to wind down after a long hard day and with proper budgeting they are a cheap way to get quality entertainment. Many parents out there use online gambling to de-stress but the last thing you need is for your kids to get on to your account. Not only is it illegal for minors to gamble online but it can devastate your bank roll, so you should always take the proper precautions to keep them out.

A child's brain is not fully developed. They are still learning to make decisions and think for themselves. They have a limited understanding on the long term effects of their actions and this makes them vulnerable to gambling addiction. There is a reason that gambling laws keep minors from buying scratch cards or hitting up casinos, they are just not ready. While some stragey games like poker may be okay under your supervision it is never a good idea to let a kid have free rain on gambling websites.

One of the easiest ways to keep them out is to set up a separate user account on your computer. All computers these days provide you with an option to set up separate user accounts on your computer and allow you to limit how much access your kids have. You can for example put parental controls on your computer to keep kids from visiting inappropriate sites and keep them from installing potentially harmful programs on your computer. In this case, the main idea is to install your software on your account and block their account from having access to it or better yet keep them from seeing that you have it on the computer at all.

If for whatever reason you do not want to have separate accounts on your computer you can also make it a point to always log out after your done playing being sure that the password is not saved. If you take this route be sure to choose a password that your kids will not be able to guess and be careful that they do not see you logging in.

Even if you do have your own user account on the computer it's probably a good idea to get in the habit of logging out either way since there will come a time that you forget to shut your computer down.

Many parents may feel like their being noisy if they keep an eye on what their kid is doing on the computer but this is one of the most effective ways of keeping your kids out of trouble. Your children aren't as likely to access your games, talk to strangers, look up derogatory content, or post inappropriate content on their social networking sites if they know that you are watching what they are doing. Not only will keeping an eye on them keep them from gambling but it could also keep them from making bad decisions that could put them in danger or affect their reputation for the rest of their lives.

Do NOT feel guilty about looking to see what they are up to.

You can't be there all the time however, it's just not possible. Kids can get online at school, at the library, on their phones, or at their friends house. That's why it's important to sit down and talk to your kids about what sites are and are not appropriate. Let them know that gambling is not allowed until they are older and explain to them your concerns. Even if they do not agree with your decision they are far more likely to do what you say if you communicate with them and let them know that you are always there if they have questions. The teenage years can be especially troublesome for parents and that is the time when healthy communication is most valuable. If you lay the groundwork when they are young, you will be sure to save yourself a lot of time and aggravation.

If you suspect that your kid has gotten on to your account do not come straight out and make accusations. Bide your time and collect evidence so when you do confront them you can show them that there is no way of denying what they've done. Every parent has their own way of disciplining so you should know how to best handle the situation just make sure that the punishment does not exceed to crime or encourage them to do it again.

Online Gambling is a great way to spend your time but do not let it get in the way of your children. Keep them away from the software so you can continue to enjoy  all of your favorite games in the years to come. Taking responsibility and putting in a little effort can make all the difference and once you know your account and your children are safe you'll be able to enjoy your online casino games all the more. Stay safe and play smart!

 


 
Does the Bible Really Ban Gambling? Why It May Not Be so Black and White

Religious groups are quick to take a firm stance against gambling. They are some of the first to speak out against a new casino and often campaign against the online gambling industry. Such groups insist that gambling goes against the bible but oddly enough the bible makes no mention of gambling and certainly does not outright speak against its practice.

Biblical figures were actually encouraged by God in the Old Testament to engage in a form of gambling. He instructed the Israelites to cast lots in order to determine his will on numerous occasions. The practice of casting lots is mentioned 70 times in the old testament and 7 times in the New Testament. Basically when there was an important decision to be made such as how to divide land or who to appoint to a special office people would pray unto God and throw sticks or small stones to come to a decision. Similar to flipping a coin or rolling a dice, modern day people would say that it was purely a matter of luck who got the best out of such a result but believers said that the luck of the draw itself was determined by god and the results were final. By this argument gambling alone is certainly not a sin.

The issue then becomes what aspect of gambling makes it so intrinsically sinful. Some would argue that gambling is sinful because it encourages a love of money. The scripture is no doubt vehemently against greed or the love of money. Ecclesiastes 5:10 for example states, "Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless." Luke 16:13 also states, "No servant can serve two master...You cannot serve both God and Money." The thing of it is, most gamblers look at gambling as a form of entertainment and do not have money itself in the forefront of their mind when they play. While they may like the idea of winning money, the vast majority of gamblers are happy to simply enjoy the act itself which does not necessarily exhibit greed. If anything it is Capitalism in of itself that encourages the sort of greed that the bible is speaking about. Ironically enough, that is just the sort of system that many religious groups campaign to protect.

Another argument that is routinely used to back up claims that gambling is a sinful act is the idea that gambling is a way for people to bypass work. The Bible makes it very clear that we must work hard to be successful and that "Lazy hands make a man poor." They feel that if a gambler loses he is wasting the gifts that god has given him and that if he wins he has not done enough to deserve his good fortune. The good fortune itself however would be a gift from god according to the scriptures and those who do not use the money wisely are soon parted from it in any case. Since people must work to earn the money to gamble it does not really bypass work in itself. In our day and age people waste money on a wide variety of things so it doesn't really make sense for gambling in and of itself to be centered out for protest.

While gambling itself is clearly not sinful, becoming addicted to it is a sin. People can become addicted to all sorts of things, drugs, alcohol, sex, video games, even food can make people lose touch with reality and become slaves to their habits. Many of these groups act as though people have no control over their actions and that gambling is too tempting for people not to become addicted to it. This perhaps reflects their own inability to abstain from temptations. Temptation is all around us and it starts from within. Anything can become sinful if taken to extremes and gambling is the same way.

If you are really concerned about whether or not gambling is sinful pick up your Bible and read the good book for yourself. Don't take our word for it or the word of anyone else. People often forget that many portions of the Bible can be interpreted in any number of ways, especially if someone takes something out of context. People often make the mistake of taking what a fellow church goer or a priest says at face value without giving it much thought. Do not make this mistake.


 
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