Sports Betting: The Must Know Basics

Sports betting is considered illegal throughout the United States of America, very common throughout Europe and in Nevada, it is an everyday business. It is a little difficult to estimate the total amount of money that is used to bet on sports in the United States but experts make an estimate to around $200 billion, annually.

Basic terms used in sports betting

Placing a bet simply, can be a very confusing affair because sports books have their own language and the systems also have much variation. For different sports, the systems for odds-making and betting are different. A sport itself can have many different systems, which depends on what sort of bet the punter wants to play. But for understanding any of these systems, it is very important to know about the jargon. The betting activity is referred to as action.

To look up a local bookie, searching the phone book might not help since it is illegal in most places. When a point is given to a team's advantage, this is termed as a handicap. The advantage point is given to level the betting field. The total amount of money that is wagered on the bets is what we call the handle. An establishment that takes people's bets is known as a book and a person who takes a bet is called a bookie.

There is a term called juice in betting which is referred to the percentage of profit that is taken by the bookie for taking a bet. For juice there is another word that is commonly used called the "vig". This "vig" comes from the word, vigorous. More often the "vig" is figured into the odds but sometimes the bookie takes a straight percentage. For sports like football and basketball, there is point known as spread that is used.

 To make the game more competitive in the eyes of a punter, this is a sort of handicap that is used. Spread usually gives a team advantage of some points. The team which is favored is shown by a standard notation for the point spread and followed by a negative number which is the actual spread.

Sports betting agencies are usually 'rigged' so that punters are always disadvantaged and the agencies advantaged. However, there are several ways to overcome the 'rigged' nature of these agencies, and while some of these techniques can be found all over the Internet, there ARE hidden techniques that can be said to be 'underground', or only used by professional punters.

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Online Casinos Must Offer More Honest Advice

Trust is one of mans key decision making criteria when meeting new people for the first time. I mean think about it. If you want to buy a house, select a new computer or even decide where to take your partner for dinner for that special occasion, what do you do? You ask someone for their advice. In the case of house you'll ask lots of people from a range or agents or realtors to friends and family. And of course you are right to. It's a big outlay. It also affects your life experience. If you select the wrong house you'll be reminded every time you walk up to the front door.

What about those more personal experiences like dinner with your partner? Get the wrong advice and consequently pick the wrong type of restaurant for a birthday or anniversary and you'll have just wasted your money. No romantic end to the evening for you.

Casino Genie, independent online casino aggregator, recently published a survey which had some quite surprising results. The bottom line is that online casinos are losing thousands of customers every day.

And one the key criteria of that personalized service is trust. Players want honesty and integrity. Sure this will cost the casinos more to manage but the upside will out weigh those costs. The survey figures show that players stay with a casino 5 times longer when customer service meets their expectation. So given this information what we now need to understand is how we can help casinos deliver this and fun experience too.".

And there is huge community of people who are put off by the complexity of the games, the language that we use is confusing and they feel out of their depth. If online casinos want to win advocates for life they need to be 'your friend'. Behave like the friend at school who taught you the rules of baseball or English cricket without laughing at you. Then you can both enjoy the game more."

Interestingly of those players who had been gambling for more than 12 months, there was still a huge amount of players playing at four casinos or more, 48%. Alarmingly for online casinos 78% of these cited poor customer service as a reason for their fickleness. Only 4% of players had found site which they were entirely loyal too. But here is the killer fact. Every one of those 100 people said that the reason they stuck with their casino was because of 'superb customer service'. Makes you think doesn't it. Why isn't my casino like that?.

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