Sunday, June 20th, 2010
One of the cruel ironies of human existence is that bountiful gifts are often given to those who cannot handle them. Beauty and money come immediately to mind, but talent in a particular discipline is often bestowed upon those who cannot maximize it to its greatest potential. Still others are unwittingly destroyed by some trait or characteristic that makes them exceptional. That’s what makes an athlete like Michael Jordan so exceptional-seldom are awesome talent, desire, discipline and dedication found in the same package in such prodigious abundance. The mass of humanity often reaps the benefits of their talents despite their external flaws. Such was the case with poker great Stu Ungar, who was found dead in his room at the Oasis Motel in Las Vegas on November 22,’98. Read more...
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Tuesday, May 4th, 2010
There’s a strange dichotomy between the complexity of high level sports handicapping and the amount of theoretical literature on the subject. While successful sports betting is a complex and difficult pursuit, there’s very little that’s been written on the subject from a serious theoretical angle. For that reason, it can be helpful to delve into the wealth of books available to the serious poker player for insights that can be applied to sports betting.
On one level, this is likely due to the fact that poker”like sports gambling”is a pursuit in which the knowledgeable and skillful practitioner can overcome the theoretical odds against him. To paraphrase the great poker theoretician Bob Caro, there are some professional blackjack players and sports gamblers in addition to professional poker players. There may even be a few professional horse players (though the house edge against the horse player is a hefty 17% or so). In the entire world, however, there is not one professional roulette player. Read more...
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Friday, April 9th, 2010
Sports betting futures plays are often dismissed by more serious handicappers as poor values by definition. They’re most frequently associated with rank amateurs looking for a big payoff with little risk. For example, a player might be entranced with a +10000 payoff should St. George, Utah be awarded the 2020 Summer Olympic games. While that would definitely be a nice payday, the problem is that the “true odds” of St. George, Utah hosting the Olympics is well in excess of a million to one. That means that even the huge ‘plus number’ offered represents an underlay situation and a poor wagering value.
For the more serious bettor, there’s a number of obvious problems with futures wagers. They require that your wagering ‘capital’ be tied up for months. Furthermore, once you’ve placed your bet you’re at the mercy of injuries, suspensions, trades and the other numerous factors that can spell defeat for a sports team. It’s no simple task keeping up with these variables on a day to day basis, and predicting them over a longer term is the province of psychics and not sports handicappers. Read more...
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Tuesday, February 9th, 2010
In order to successfully bet on NFL football its important to start with the fundamentals. Were talking about the fundamentals of understanding the wagering side of the equation. Theres a lot of misunderstanding about what NFL pointspreads mean and how they are set. A firm understanding of the bookmaking concept of setting NFL lines is a prerequisite for any sports betting success.
The general public has a tendency to oversimplify the meaning of an NFL pointspread. The conventional wisdom is that it is simply a prediction of which team will win and by how much. There is a component of that in the NFL bookmaking equation, but theres a lot more to it. A sportsbooks primary goal is to equally divide the action they take on an individual game. If they do their job right, the outcome of the game is irrelevant to the bookmaker. Read more...
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Wednesday, December 23rd, 2009
Betting on sports ‘futures’ is an enjoyable and potentially profitable way to wager, but there are several potential risks that can lead to losses. Here’s a rundown of things to avoid:
You gotta shop around: More specifically, you have to ’shop points’ just as you would with a straight bet. This is crucial in all forms of sports betting but particularly key with futures wagers. There are often greater variances in the prices from book to book on future plays than any other type of wagering proposition. The reason for this is simple–most books are less concern with what the ‘other guys’ are doing as they are with keeping their own position ‘in balance’. All in all, the sports betting marketplace just doesn’t react as quickly to changing futures prices as it does to individual game lines. Read more...
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Tuesday, November 24th, 2009
Gambling has been a great part of our lives. It takes us to a roller coaster ride in which you can leave problems behind and go to gaming that will entertain you and to help you get the best excitement in your life. Gambling will lead you to an unexpected surprise that is also so risky for it may be addicting. So be careful and brace yourself as you enter the gambling world.
Casinoscandinavia.com is one of the sites people should consider entering, especially because the site is able to provide large amount of best online casino information and reviews you should know before joining specified casino website. We all know that it’s always the best is what we are looking for in everything, and if this about casino online, this site is the only one you can try to enter for list of best casino online, including the information of reliable USA online casinos.
Learn also more about the casino online games since that your winning progress is really depending on how good is you dealing with those games and win it. Be sure to have more knowledge on slot machines and systems being involved inside, so you can measure which kind is best and which is not.
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Tuesday, September 8th, 2009
Exchange Traded Funds (ETFs) are a great tool for the retail traders. ETFs enable you to trade a variety of markets and sectors individually or with options. ETFs are a recent financial innovation that has become highly popular with the investing public. An Exchange Traded Fund (ETF) is typically designed to track a particular index or segment of the market. An ETF is a security that is made up of different component stocks, bonds, currencies or commodities.
ETFs can also reduce volatility. As ETFs track a group of securities, ETFs volatility is less than that of its component stocks, bonds, currencies or commodities. With ETFs you can also implement strategies previously only available to large investors. ETFs enable you to reduce risk by offering unleveraged access to certain asset classes.
ETFs are similar to a mutual fund. But they trade like a stock which means you dont have to wait till the end of the day to exit a position. If you are looking for a segment of the market to invest or trade, there is a good chance that an ETF will be available that will fit your requirements. There has been an explosive growth in ETFs. So dont hesitate seeking an ETF for a market you wish to trade. Read more...
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Monday, September 7th, 2009
A picture is worth more than a thousand words. The forex chart is perhaps the best proof of this clich. Have you heard of Candlestick Charting? It was developed by the Japanese in the 17th century to profit from rice trading.
Dont confuse the Head and Shoulder pattern with the name of a shampoo. Head and shoulder is an important trend reversal chart pattern. Appearance of certain chart patterns can give you priceless clue about the direction in which the market is about to turn. Traders have become very sophisticated in understanding charts and the information contained in them over time.
By studying the patterns that appear on the forex charts you can predict the likely direction of the currency pair whether it is sideways, upward or downward. Study of charts is known as Technical analysis. Technical analysis depends on the study of different types of charts to understand and predict the likely direction of the currency market. Without technical analysis, you wont be able succeed in forex trading. Technical analysis is very important for forex traders. Read more...
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Sunday, September 6th, 2009
Whether it is to the upside or the downside when you trade triangle breakouts ignore any first breakout attempts. Each triangle type has its own directional bias. Gather as much evidence as you can to support a particular breakout direction so as to minimize the risk of trading false breakouts. Get ready for a breakout when you have identified the triangle formation on either the daily or weekly chart. There can be three possible cases when you try to trade the decreased volatility breakout strategy.
Possibility No 1: You should not forget to ignore the first breakout. Suppose the second breakout attempt is in the upside direction for an ascending triangle and it is in the downside direction for the descending triangle. In other words, the second breakout attempt is in the direction expected of the triangle type. This breakout could signal either the continuation of the existing trend or the trend reversal.
For an ascending triangle make sure each side of the triangle gets touched two times at least. Place a stop buy order at least 10 pips above the horizontal resistance level to capture the potential upside breakout. Place a stop loss order 10 pips below the horizontal level of the triangle to protect against false breakout. Set profit target according to your time frame. Read more...
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Saturday, September 5th, 2009
Spotting a descending triangle in a downtrend signals the downside breakout of the support level. The crowd psychology behind the descending triangles is that every time the currency price goes down to a certain level that forms the support there are buyers who want to hold that level stubbornly. They thus push the price up each time the support level is tested.
Sellers are quite anxious to sell as they feel that the currency price should fall over time. Thus when the price bounces off the support level, the bears take the opportunity to short again.
If it is a down trend, spotting a descending triangle should allow you to be prepared for a downside breakout from the support level. Bulls and bears face a skirmish with both camps not feeling confident of the next market move as with an ascending triangle. This is the transition period from low volatility to high volatility.
When the support level is broken, many of those long positions which have been placed above that level soon get stopped out. Prices tend to break in the middle or the final third part of the triangle formation. Read more...
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