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Betting On Favourites

The latest 2024 presidential election odds show Vice President Kamala Harris as the front-runner over President Joe Biden and former President Donald Trump at most European sportsbooks.For instance, Harris is +350 to win in 2024 at Bet365, with Biden at +400 and Trump at +600. The thinking is that Biden may opt to let Harris take the reigns in the next Presidential election cycle, due to the. The answer is yes and no. You can make money betting on favorites but only if you are selective. Let's take a look at what that means. Even if you add in a rebate, and you play every favorite in every race, you are going to lose money in the long run. In the world of sports betting, they are the clear number one: bets on favorites. Not surprisingly, the majority of wagers in the betting community involve, due to. Backing big favorites is a very popular strategy among soccer bettors. It’s incredibly straightforward, and it’s likely to return plenty of winners. These are two big advantages that bettors typically focus on. But is this strategy TOO straightforward? Favourites are created by the bookmakers based on horse racing form, + statistics, + expected popularity of the horse + the actual weight of money bet on the selection.

Obviously, sports betting is gambling. However, there is a solid strategy that you can earn some money like an investment that is offered a bank. It uses 'odds-on' favorite on online bookmakers. If you are interested in this betting strategy and getting money from gambling, read tips below.

What is an “Odds-on” favorite?

An “odds-on” favorite is a selection where the money that you gamble returns less than the amount you gambled. For example it is when you bet $100 but you win less than $100. An “evens” bet will win you the same amount of money as you gambled but an “odds-on” bet will give you less. For example: 1/3 = Three to one ON – This means to win $10 you must gamble $30. So you will win back less than your original stake.

Where do we see “odds-on” betting?

Everywhere, especially in team sports and tennis.

For example you may see a fixture like this in the English FA Cup: Manchester United vs Cheltenham F.C.

Betting

For almost everyone – the fans, the bookmakers and the punters - it is very obvious that Manchester SHOULD win this football match. A few possible reasons are:

a) Manchester United are in the Premier League and Cheltenham FC are in Championship League 3
b) Manchester United are playing at home
c) Cheltenham FC have never beaten Manchester United in a competitive game

So the bookmakers would probably offer odds that look something like this:

Manchester United to win 1/20
Draw 8/1
Cheltenham to win 16/1

This means that if you bet on Manchester United then you would have to bet a lot of money to return a small amount. If you bet $100 and Manchester United win then you will return $105 – a profit of $5 (plus your original bet)

Why would anyone bet on “Odds-on” favorites?

Betting on “odds-on” favorites can sometimes feel like a waste of money because it often seems that the returns are very small or to get a good profitable return then you often need to gamble a lot of money. Also, the risks can often seem too high for such small returns, losing after gambling on a favorite can be very disappointing and annoying.

However, a return of $5 on a $100 bet is still a profit of 5% and this is something that punters like to use when comparing how much return a typical bank would give if the same investment was made. For people who gamble on long odds-on favorites they believe their money is “safe” and it pays back more than a bank and so for these types of gamblers it is worth doing as it is profitable.

What is the strategy?

With the following system of strategic betting – it may be possible for you to get profitable returns and at the same time keep your risks lower. It comes from the old idea that “over time, a dripping tap will fill a bucket”.
This betting strategy is a long term investment plan and needs patience and the knowledge and ability to be able to bet on a lot of different sports. However, some sports should be avoided at all times when it comes to putting large amounts on “odds-on” favorites.

What are the “guidelines” for using the strategy?

If you choose to follow any betting strategies you find here or elsewhere on-line, or fellow punters recommend to you or you discover on your own, you will often find or make “guidelines” that are recommended. Here are some for this strategy:

1. Start with a fixed amount – if possible – a minimum of $1000.
2. Only bet on “odds on” favorites.
3. Place at least one bet a week. (The more you do a week the quicker your total will increase)
4. Only gamble 10% or less of your “total” amount.
5. Do not place bets on horse racing, F1 or golf events.

The way the system works is as follows: It is recommend that you bet 10% or less of your total fixed amount and that you choose odds on bets that you feel will almost definitely win. You can also look at different bookmakers odds as sometimes odds-on prices can be quite different. The most profitable odds-on bets come from rugby, cricket, soccer, tennis, American Football, basketball, baseball and ice hockey. Golf and F1 should be avoided as there are too many variables – for example the weather that can strongly affect the result and make things too risky to bet odds on – use F1 and golf to find “value” bets instead. Odds on betting is also not recommended on horse racing for too many reasons to be given here.

What happens when you follow the strategy?

The following table shows what happens if you gamble on odds on soccer, cricket, American football, ice hockey and rugby matches.

No.Betting FixtureOddsBetReturnTotal
1Soccer
Celtic to Win (Saturday)
1/5$100Win $20$1120
2Soccer
Chelsea to win (Sunday - afternoon)
1/3$112$37.33$1157.33
3Soccer
Barcelona to win (Sunday - night)
1/4$115.73Win $28.93$1186.26
4American Football
New England Patriots to win (Monday)
4/7$59.31 (5%) Risk is highWin $33.89$1220.15
5Ice Hockey
Chicago to win (Tuesday)
4/7$61.00 (5%)Lose $61.00$1159
6Soccer
Spain to win (Friday)
1/8$115.90Win $14.49$1130.39
7Cricket
Pakistan to win (Saturday)
1/3$114.00Win $38.00$1152.00
8Rugby
New Zealand to win (Sunday)
1/10$115.20Win $11.52$1163.52
9Soccer
Bayern Munich to win (Tuesday)
1/4$116.35Win $29.09$1192.61
10Soccer
Celtic to win (Wednesday)
1/10$119.26Win $11.93$1204.54

Result

So you can see that after gambling on “odds-on” favorites only and by not betting more than 10% of the total value the profit is at over $200 within just ten bets. That also includes a losing bet – note that also 5% was bet where the odds offered were higher than 1/3. The risk is slightly higher and the result is not so certain for higher odds on bets so it is sometimes a good idea to reduce the stake (the amount you bet) for some fixtures. The thing to remember is that “A winner is a WINNER – no matter how small the return!” and overtime you can fill that bucket with the drips! Good luck!

Horse betting online is a great way to find betting lines on horses. Navigating through online horse betting websites can be difficult. Especially if you are an American player. Good thing, the world is morphing into a more online, electronic interface. Making online horse betting easier to navigate.

Live Lines Odds

Betting Online on Horse Races

Horse betting online took rise in the 1980s. Before that horse gambling had to take place on the tracks. As the internet developed, so did online betting horses. Now, almost all major race tracks have their betting platform. Allowing bettors to place live bets from anywhere in the world.

Betting On Favorites

Welcome Bonuses

Odd

Because of the variety of betting websites. Serious racebooks will use incentives to catch your attention. These sites won't hesitate to match your first deposit by 50 or 100%. Encouraging you to place better or more bets.

Betting

Advantages of betting online

Betting online is a convenient way to bet on horse racing. It can be done anywhere, and at any time. If you schedule doesn't allow you to make a trip to the track, online is perfect.

  • Betting online can earn you bonuses and rewards not offered at the race track.
  • It gives you the freedom to be more selective on what you bet on.
  • It allows you to analyze past performances to select the winner.

What are the best online horse betting sites?

Finding the best horse racing gambling site is a personal choice. Everyone has a different incentives that attract them. Every betting website will offer different bonuses and rewards.

Make sure you bet on the Kentucky Derby. That's because betting on the Kentucky Derby is a great way to get a good return on investment

Here, are the best online horse racing betting sites, based on research:

BovadaIntertopsBetOnlineMyBookieSportsBetting.ag

So how do you place bets online?

  1. Sign up, or log into your favorite site
  2. Select the race you wish to bet on
  3. Place your bet. This is where you can choose to do a single wager or an exotic wager
  4. Pick how much you want to bet
  5. You'll get a confirmation
  6. Watch the race.

Is horse race betting Legal in the US?

The the instatement of the Unlawful Internet Gambling Enforcement Act in 2006. It stopped Poker, Casinos and Sportsbooks from accepting US wagers. However, Horse racing betting sites got a carve-out.

They did this by only allowing pari-mutuel pools. This loophole allows any state to place an online horse racing bets

Is US horse betting legal online in my state?

38 states allow bidders to place online bets for horse races. They are:

  • Alabama
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Louisana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • New Jersey
  • Minnesota
  • Montana
  • New Hampshire
  • New Mexico
  • North Dakota
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Dakota
  • Tennessee
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Online horse racing betting is a great way to get your bet out there. Allowing even a bettor with a business schedule to place a bet. Doing your research to the find the right website for you. Will help you get the most rewarding experience. Allowing you to thoroughly enjoy betting horse racing as a rewarding past time.