Get Better At Online Betting For More Money

Main Parts of Winning Bets

To get good at making money from betting, you need to know three key things: figuring out chances, changing bet odds, and knowing the casino’s advantage. It all starts with the simple idea of odds, which can go from 0 (never happens) to 1 (always happens).

Key Odds Calculations

Switching betting odds in different types is key to win: 온카스터디 안전업체 보기

• Decimal odds (2.0)
• American odds (+100)
• Fractional odds (1/1)

How to Make the Most Money

Your main tool is the expected value calculation:

(Chance to Win × Money if Win) – (Chance to Lose × Money Put Down) = Expected Value

Smart Money Management

Use these tried and true betting methods:

• Keep strict limits of 1-3% per bet
• Set clear stop-loss points
• Log and check each bet you make
• Use advanced number models

Building a Math Advantage

Top bettors mix chance math with deep number checks to keep a winning edge. This planned way, done with care, lets them keep making money from online bets.

Chance Basics

Key Ideas of Probability

Probability is about measuring unsure things and possible outcomes.

The scale runs from 0 to 1, where 0 means it can’t happen and 1 means for sure.

Like tossing a fair coin, which has a chance of 0.5 (50%) for heads or tails.

Basic Chance Math

The main formula for chances works by dividing good outcomes by all outcomes.

With a normal 52-card set, chances for some cards show this well:

• Chance for one card: Getting the ace of spades = 1/52 (1.9%)
• Chance for many cards: Getting any ace = 4/52 (7.7%)

More Complex Chances

Chances for Many Events

Compound chances differ by if events impact each other:

• Independent events: Multiply each chance (like more coin flips)
• Dependent events: Use special math for situations where choices change (like drawing cards with no replace)

The Use of Probability

This number logic helps really get the odds of different situations and value calculations expected.

Popular ways to show chances:

• Decimal odds
• Fractional odds
• Money odds

These methods help measure how likely something is and set the groundwork for deeper number checks.

About Casino Edge

What is Casino Edge in Games?

House edge is the math bonus that lets casinos keep making money over time.

This edge can change a lot depending on the game, hitting how likely players are to win and how much they can win.

Edge Numbers in Popular Casino Games

Games With Low Edge

Blackjack has one of the smallest edges, about 0.5% to 1.5%. This means an average loss of $0.50 to $1.50 for every $100 bet when playing smart.

Baccarat’s banker bet keeps a low 1.06% edge, while the craps pass line is at 1.41%.

Games With High Edge

Slot machines have much higher edges, between 2% and 15%. This edge can change by machine, area, and casino, making them not so great for players who want the best odds.

Getting the Edge Through Game Rules

The house edge shows through carefully made game rules and how money is paid out.

European roulette has a 2.7% edge since it pays 35:1 on straight bets but the true chances are 36:1.

American roulette’s extra double-zero spot raises this edge to 5.26%.

Pick Games for Best Odds

If you care about the math edge, focus on games with the smallest house edge to have the best chance to come out ahead:

• Blackjack with basic moves: 0.5%
• Baccarat banker bet: 1.06%
• Craps don’t pass line: 1.36%
• Craps pass line: 1.41%

These games give you better odds than other choices like side bets, which can be as bad as 16.67% house edge.

Switching Betting Odds

Getting Betting Odds Types

Betting odds come in three main types around the world: decimal (European), fractional (British), and money (American).

Moving between these types needs knowing their numbers and how to work them out.

Changing Fractional to Decimal Odds

To change fractional odds to decimal type, use this simple math:

• Divide the first number by the second
• Add 1 to the result
• Example: 5/1 turns into (5÷1) + 1 = 6.0

Changing Decimal to Fractional Odds

To switch from decimal to fractional:

• Subtract 1 from the decimal odds
• Make it the smallest fraction
• Example: 6.0 becomes 5/1

Changing to Money Odds

For Favorites (Negative Numbers)

• Math way: -100/(decimal odds-1)
• Example: 1.50 decimal turns into -200 money

For Underdogs (Positive Numbers)

• Math way: (decimal odds-1)×100
• Example: 3.00 decimal turns into +200 money

Learn About Betting Value (EV)

The Heart of Smart Betting Choices

Calculating Betting Value (EV) is key to see betting chances with the most profit by checking the relation of odds and chances.

The easy formula for EV is:

EV = (Chance of Winning × Possible Win Money) – (Chance of Losing × Money Put Down)

Real Examples of EV

Common EV Case

Let’s say you’re betting with:

• 40% chance to win
• +150 odds (win $150 on $100 put down)

Break it down like this:

(0.40 × $150) – (0.60 × $100) = $60 – $60 = $0

This even EV means the bet is fair and won’t make money over time.

Good EV Case

With changed odds of +200, the same bet now makes money:

(0.40 × $200) – (0.60 × $100) = $80 – $60 = +$20

This good expected value means you make $20 for every $100 over time.

Deep Dive Into EV

Main things for winning EV bets:

• Right chance numbers
• Check market odds
• Handle your money well
• Think long-term

While the numbers say you’ll make money with good EV bets, short-term results might be different because of how luck and markets change.

Be Smart With Your Betting Money

Know the Math Behind It

Handling your betting money is key to keep winning over time. The math behind it helps set up how much to bet to make the most while keeping risk low.

The Kelly Rule is a tested way, working out bet sizes by dividing your edge by the odds. For example, a 5% edge with 2.0 decimal odds means you should bet 2.5% of your money each time.

Use a Plan for Your Bets

A set plan for bets keeps your money safe. Splitting all your money into 100 parts sets up a clear plan, with bets kept to 1-3 parts. Flickerswoop Blackjack: Diving on Fleeting Dealer Tics for Splitting Strikes

This way handles ups and downs well while keeping enough money safe. With $10,000, each part is $100, making clear how much to bet.

Change Your Bet Sizes Smartly

Adjust your bets as needed. Raise your bet size when your total money goes up by 20%, and lower it when it drops by 20%.

This smart change stops hasty choices and keeps you set up well for the long run. Regular checks and changes help you balance risk and possible wins as markets move.

Main Ways to Keep Your Money Safe

• Bet in set parts: Never go over 1-3% per bet
• Change based on your total money: Fix bet sizes as your total changes
• Handle risks: Keep enough money to handle bad times
• Stick to the plan: Take emotions out of betting choices

The Thinking Behind Betting

Main Mind Tricks in Betting

The way we think about sports betting is shaped by different mind tricks and thinking gaps that play into 73% of betting picks.

Three big mind tricks really sway how we bet: hate losing