Cashout Your Winnings
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| Tips & Tutorials - Betting Tips | |
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Time to withdraw your winnings from your sports book account? If you're reading this section, you must have won some money. That's always good news.
The online gambling scene keeps weathering one sea change after another. For U.S. bettors, legislation such as the UIGEA has had an enormous impact and redefined the market. Sports fans of other nations have had to adjust to changes their home countries have brought upon the industry, too.
Many options for withdrawing money from an online sportsbook have vanished, but new ones tend to open up to fill the void. Customers outside the U.S. continue to have more of a range of methods for cashing out. Non-U.S. bettors can usually use:
Credit cards: These continue to be options for many, for cashouts, if you are not in the United States.
Bank Wire: Easy to do. Request to be paid by wire and make sure you give the full information required for processing. There is normally a minimum withdrawal amount required, and sometimes a fee.
Online Wallet: Neteller, Moneybookers, and Click2Pay are examples of online financial processors which are open to residents of many nations other than the United States. These 3 have a history of service and security you can read about online.
No matter where you live, you should make sure you're doing a couple of things. 1. Communicate with your sportsbook -- and stay in touch with them. Ask which methods are available to withdraw for someone in your location. And when it's time to cash out, ask again if the same methods are still open to you. 2. Have more than one method available for you to use. For instance, if your sportsbook is changing check processors when you want to withdraw, you'll need an alternative to avoid long wait times.
Other methods:
Check: Check processors change, so ask: Is this still an option for withdrawal? and How long would it take to receive winnings by check?
Bank Wire: Check to see if they are able to wire to a U.S. bank account. Alternately, they may be able to wire to a non-U.S. bank account, if you have one. And ask how long they expect this to take.
Other Online Wallets: If you're smart you've signed up for other methods available online in addition to the method you first used to deposit to your sportsbetting account. Worldwide bettors are still having reasonable processing times for cashouts using Click2Pay, Moneybookers, and Neteller, as well as others. U.S. bettors are able to use Usemywallet and eWalletXpress. EWalletXpress does not require a credit card, and can be funded from a bank account. There is a 10% fee to withdraw funds. Usemywallet requires an invite from an online sportsbook or casino in order to sign up. Ask your sportsbook if they offer these as deposit/withdrawal methods.
Person-to-person Transfer: These cash transfers charge sizable fees. If your sportsbook uses this method, they'll give you details. If you are choosing this method only because check or some other preferred option stopped being available -- or is taking way too long -- you might ask them to waive part or all of the fees. It's worth a shot.
Often when you request winnings, you'll be asked to submit ID. This is a security measure and extremely common now, so try not to view it as a reason to distrust your sportsbook. Your account with them already contains this information. |
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What is a Proposition Bet?
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| Tips & Tutorials - Betting Tips | |
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Proposition bets are very specific wagers offered by sportsbooks. Also referred to as exotic bets or props, a proposition bet is a wager with more than one outcome which is not directly related to the final score of the game. In recent years, proposition bets have become increasingly popular with both the online sportsbooks and bettors worldwide. The NFL is an extremely popular medium for proposition bets. They can be seen in big games such as NFL Monday night football, NFL playoff games and, of course, the Super Bowl. Examples of common proposition bets in football include the last team to score, most passing yards, total number of quarterback sacks, and most rushing yards are just a few examples of proposition wagers offered on selected key football games. As with anything, there are viable proposition bets and there are proposition bets that are just plain ridiculous. The key is to recognize the good from the bad. For instance, bets like heads or tails on the coin toss, who will be the first to score, who will be the last team to score, and whether or not there will be a score within the first ten minutes of the game are pretty much nonsense bets. These proposition bets are okay every once in a while but do not expect to win on a long term basis with these types of wagers. Worthwhile proposition bets include the quarterback throwing for an over/under a certain amount of yards, point spreads between running backs and quarterbacks going head to head and bets involving both the longest field goal and longest reception. These types of proposition bets are beatable and can be very profitable if played smart. The most popular NFL proposition bets are always found for the Super Bowl. Bettors wait for this mega event to arrive every year. It seems that these wagers have become an integral part of the biggest game in the National Football League. Another growing medium involving proposition bets is Monday night football. Using key players as the topic of these wagers increases interest and gives bettors many different wagering options. Proposition bets have been around for a number of years and have seen increasing popularity as of late. As with any other types of bets, have fun but remember to know your limit. |
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Juice in Betting
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| Tips & Tutorials - Betting Tips | |
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When it comes to betting on sports there is certain terminology that gets thrown around that the novice bettor may not completely understand. One of these terms just might be "juice." The simplest way to explain the term juice is to say that it is the percentage of the bet which the sportsbook takes as profit. All sportsbooks are iin the business to make a profit and juice is one of the ways that they make money. In essence juice, or vigorish for the old school bettor, is the amount of money or commission a sportsbook receives for taking your bet. This generally amounts to 10% but can vary from sport to sport and sportsbook to sportsbook. Sportsbook juice is a numerical value added to the line on the favored team so that the sportsbook can make money off a particular bet. Juice is applied to the favorite in sports betting since it is considered a safe bet to bet on the favorite. As a result, the sportsbook is more likely to pay out a higher number of winning bets for this particular match-up. The juice may be viewed as a service charge for the smaller risk associated with placing a wager on the favorite. On the same note, if you choose to bet on the underdog you will not be charged a fee, i.e. no juice applies. The reason behind this is because this team is not favored to win. It is a riskier bet to you and a safer bet for the house. You might think that betting the underdog will net you more money. This may be the case initially but will likely not be profitable all season long. In some instances betting on the favorite is more profitable and safer even though you earn less than even money on your wager. By working this way you will find that you will win games and bets by not taking foolish risks. Not being foolish includes checking the lines and odds very carefully. Lines are typically 110/90 but this is not always the case. Being aware of the odds on a particular wager allows you to bet wisely. There is nothing worse than mistakenly picking the wrong team because you don't understand the betting risk. Be aware that where there is a strong chance that the favorite will win the sportsbook is likely to alter the lines and charge more juice for the bet. Juice is not charged on all bets. Exotic bets, such as parlays, are one such example. In a parlay bet, the odds that a bettor will be able to choose the winners of multiple games are slim to none. As a result, the sportsbook does not charge a fee for betting as it will always come out on top simply because the math favors the sportsbook everytime. If you are new to sports betting you may want to look for "reduced juice" specials. Some sportsbooks offer reduced juice on weekdays or for special sporting events. Typically, reduced juice days will be offered on days with little or no major sporting events. Sportsbooks run this special to attract business during the week; they won't take a big loss if the favorite wins because the handle for the day will be smaller than it would be on the weekend. |
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Realistic Betting Expectations
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| Tips & Tutorials - Betting Tips | |
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What do I want from betting on football? Sounds like a simple enough question. So simple, in fact, that an estimated 95% of all football bettors have never even asked the question let alone answer it. You will do yourself a huge favor when it comes to sports betting if you list what you want to gain from placing a wager. Aside from the obvious answer of "winning" try to make a list of realistic goals. To be truly successful when betting on sports, it is extremely important to have an ultimate goal. There are numerous handicappers who write about money management but very few ever touch on setting up specific goals. Setting goals is the number one key to a profitable football betting season. True professionals strive to hit around 60% of their wagers during a given season. ignore those persons who claim to hit 75% to 80% of their bets. These people are not handicappers; they are salesmen who have created a misconception of what it means to be a successful bettor. These people are the reason that the majority of sports bettors have unrealistic expectations and feel that if they don't attain this ridiculous percentage they are failing at betting on sports. By setting realistic goals before the betting season begins you will avoid a lot of frustration throughout the season. Look at the season as a long term endeavor and expect extreme variation from week to week. Common sense dictates that you are not going to make $50,000 with a bankroll of $1,000. Decide ahead of time what your bankroll will be for the entire season. A bankroll should be money that you can afford to lose without affecting your lifestyle and shouldn't be money that is needed for something else. A standard bankroll should be at a minimum of 40 times your average unit of play. This will minimize the pressure should you find yourself in the midst of a losing streak. Sports betting can not only be fun, it can be very profitable. As long as you remember to make a list of goals and allocate a certain amount of money for your bankroll, you are more likely than not to stay focused and on track. |
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What is the Best Football Wager?
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| Tips & Tutorials - Betting Tips | |
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Betting on sports has become a favorite past time in many parts of the world. Every week, millions of dollars are spent by bettors wagering on their favorite National Football League teams. Because there is so much money that is bet on football, an enormous amount of time is being spent by bettors trying to analyze teams and games. |
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Points and Betting on the Spread
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| Tips & Tutorials - Betting Tips | |
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Points Bets: When betting on NFL point spreads, making a bet on the underdog is a valid option you should think about for almost every football game. In any game -- whether it's a sport or a gambling game -- people love to bet on the favorite. And statistically, the favorite is more likely to win. You know, "favored" to win. Hence the name! If not for Point Spreads Betting in football, few people would ever bet on the underdog. Because bookies want plenty of action on both sides, they offer an incentive that can make an Underdog bet far more attractive.
And that's Point Spreads -- which is a bet on a certain team to BEAT THE POINT SPREAD, not merely win. Your team may lose the game but still beat the spread and win you your bet.
In the Lines information of an online sportsbook, for an upcoming game between two teams, you'll see something like this:
Pittsburgh Steelers +2.5 -110 Chicago Bears -2.5 -110
This is bookie shorthand for, "The Steelers are predicted to lose, by 2.5 points; The Bears are predicted to win, by 2.5 points."
We'll get to discussing the -110 later; the other number is the one to look at. This + or - 2.5 indicates the bookies' evaluation of what the point spread will be, and the team with the negative number beside it is the favorite, the team considered more likely to win. This number is how many points you add onto the team's final score at the end of the game in order to compare the predicted spread to the actual one. The team with the higher sum wins the spread bet. So -- if you had decided to bet on the underdog Pittsburgh, then at the end of the game you'd ADD 2.5 points to the Steelers score. And then, since Chicago's value is negative (as the favorite), you SUBTRACT 2.5 from the Bears' final score.
Let's say the final score was 21/20, with a Bears victory. The Bears' score minus the spread number is: 21 - 2.5 = 18.5. Making the final score of the game, for the purpose of the wager, Steelers 20 - Bears 18.5, So the Steelers won the spread ...And you won by betting on Pittsburgh, the underdog.
Other ways to win the point spread bet: 1. If you bet on the favorite, and the favorite wins, by a margin greater than the point spread. (Favorite covers the spread) 2. If you bet on the underdog, and the underdog wins. 3. If you bet on the underdog, and the favorite wins but by a margin less than the point spread. (Underdog covers the spread)
A Push is when the teams' scores differ by exactly the predicted spread, and no one wins his bet. All monies are returned.
This is an excellent reason to bet on the underdog. A great team can win, but a poorer one can still manage to get a few points and destroy that spread.
Another reason why you might want to bet on the underdog is the more recent behavior on the part of the modern head coach: He doesn't force his team to keep pushing the score up even if it can. It may be they're trying to act sportsmanlike rather than rubbing the other team's nose in their loss, or it may be a more calculated decision. Running up the score might be revealing too much of what a team can do. When they play another opponent, why not save some of that skill and spring it on them unawares? Upsetting another team's expectations can't hurt. These may be why we really don't see huge point spreads too often. And that means it's going to be a more manageable spread for an underdog.
And finally, don't forget the motivation to work harder that an underdog team brings to the field. Think of a crowd watching its (losing) home team suddenly get a little ahead. Watch the effect a little excitement can bring. You never know.
* Okay, now about that -110? That means in order to win 100 dollars, you'd have to wager 110 dollars. Or bet a ratio equal to that, like 11 dollars to win 10. It is always expressed in bookmaking in terms of 100 dollars, as a convention. And that leads into our next topic, buying points at a sportsbook.
"Buying Points"
Surely you've heard this phrase, or "buying half-points," and you may not be familiar with it. It is connected with the point spread bet.
Football games tend to have final score differences, also called margins, of certain numbers. This is because of the points won for certain things, like a last-minute field goal, or a sudden TD in the last moments of the game. So when different handicappers and sports reporters tally up the point margins that occurred in all pro football games in recent years, or all years, they find the most common margins that occur, overall.
These are the most common margins:
3, 7, 6, 10, 4
Three is by far the most common margin. It turns up in approximately 15% of games.
If you see a predicted point spread on a sportsbook's lines that is not one of these margin numbers but is very close, like within a half-point or a full point, you might want to increase your chances of getting a spread that your team can cover.
When You Might Want to Buy Points --When betting on the underdog, you might buy a half point to turn a +3 favorite into a +3.5, a spread just a bit harder for the favorite to beat. It means a field goal at the end will not be sufficient.
--Or when betting on a +6.5 favorite, you can pay to move the line a half-point to 7, which is one of the common margins.
What you don't want, in either case, is to be offered 13-to-10 for it; 12-to-10 is considered fair. That means you'd have to pay $13 dollars in order to win 10. The extra juice you'd be paying could eat up your profit.
There is a great deal more on whether it's advisable to buy points, but for the new bettor it is usually inadvisable. A more seasoned sports gambler might try; but he should consider the price he's paying for that half-point, and do his homework on the spread that's offered on the game, and the spread he's considering moving it to. Percentage tables are available online recording the frequency of different margins. |
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Depositing to Your Online Sportsbook Account
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| Tips & Tutorials - Betting Tips | |
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Depositing to your online sportsbook? Funding an account with an online sports book so you can bet on football or other sports takes several steps, but do it once and you're practically an expert. It's not hard! Each betting site may have a few different ways to do it. By the time you read this, the number and type of methods you may use to deposit funds into your online sportsbook account may have changed quite a bit, especially if you are a U.S. customer. Sports books frequently change which payment processors they use, and new ones are appearing all the time, while others close up shop.
Each online sportsbook will have some methods visible right on their site that can be used. When you sign up with a sports betting site, you can -- and definitely should -- contact their customer service to find out the current methods of funding your account. They can give you more up-to-date information than is on the website.
Before You Fund Your Sports Betting Account:
** Make sure you've checked the details for your sportsbook concerning deposits, especially if this is a first deposit. There are sometimes minimum amounts you MUST deposit if you're using a particular method.
** Also, do familiarize yourself with the latest promotions, deposit bonuses, and the rules on how to redeem those bonuses. You should get the most bang for your buck. Why should other people be getting the benefit of all the bonus money sportsbooks give out, instead of you?
Now, let's get back to getting some cash into your account to bet with.
European and other international customers (non-U.S.) will probably have more choices of ways to put money into their online accounts, because more online wallet services are open to these bettors. There are still a few open to U.S., such as eWalletXpress and Usemywallet, so check and see if your sportsbook works with these. Here are some of the online services open to non-U.S. customers:
Bank wires are still a popular way of funding an account; however, banks in the United States may not do the transaction, so be warned. It is best not to attempt such transactions. Customers wiring from outside the U.S. should have no problem, and can get directions on where to direct the wire from their sportsbook.
You might also send cash for your account in a Person-to-Person transaction. Ask your sportsbook if this is an accepted method, and how to do it. There is, of course, a good-sized fee for sending money this way so it costs a bit more than other methods, but if you don't have a bank account or credit card you can use, this might be an answer. (Make certain you have the correct spelling of whoever you're sending it to, as well as the correctly-spelled location.)
Credit Cards such as VISA and MasterCard don't want to do gambling transactions, but it seems that many of these transactions are still going through easily for American bettors. Discretion is the watchword, but you can ask the sportsbook if they have been able to get payments this way. Not a guaranteed method by any means. It may simply be blocked.
One of the most reliable methods for Americans is still purchasing a cashiers check and mailing it by Fedex or another international carrier. It takes longer, but it is easy.
Not Recommended: Some online methods that offer to exchange your currency online into gold, which can then be transferred out into just about any currency, should be viewed with caution. There are just too many questions about these sites, for this writer. |
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What is a Freeplay?
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| Tips & Tutorials - Betting Tips | |
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Freeplay wagers are betting credits that are used as promotional bonuses offered by sportsbooks. These freeplays are generally used to attract new bettors. Although a freeplay is bet the same as cash, the pay out of the winnings are entirely different. A successful freeplay wager will return the profit won, but the amount wagered (the betting credit) is gone. For example, a typical $100 bet at +100 would net $200 to the bettor in the event of a win. The winnings would reflect the $100 initially wagered and the $100 won. In a freeplay wager, the $100 initially wagered would not be returned to the bettor. In order to maximize a freeplay wager you must first ascertain if any restrictions on the wagering credit exist. Any restrictions should be located in the terms and conditions section regarding the promotional offer on the sportsbook's website. If no restrictions are made available contact customer service in order to obtain the list. Common restrictions will most likely include the following: 1. No wagering on moneyline events that are heavily favored; 2. Only being able to use freeplay s on future or proposition bets; 3. Limiting the maximum cashout; and 4. Time limits on the freeplay. Once you have uncovered freeplay wager restrictions, it is time to try and retain as much value in your freeplay as possible. The normal value retained is 80%, which is achieved by placing your freeplay on a huge underdog at one sportsbook and putting a hedge bet on the favorite at another sportsbook. Also helpful to maximize your freeplay wager, is a freeplay calculator which can be found in abundance online. The freeplay calculator makes it easy to draw moneyline comparisons betweem sportsbooks. While there is nothing wrong with being an informed bettor, you must also be extremely careful. By choosing to wager your freeplay on a large underdog the sportsbook may flag you as being a bonus exploiter. Do yourself a favor. Enjoy taking advantage of freeplays but remember to add some run of the mill wagers into the mix. |
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Choosing an Online Sportsbook
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| Tips & Tutorials - Betting Tips | |
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Online sports bettors today have a wide selection of sportsbooks from which to choose. There are dozens of sportsbook operations actively accepting wagers from online bettors. Naturally, some are good, while others should be avoided. A sportsbooks' ability to pay out to winners is by far the most important thing a customer should look for when picking a sportsbook. While it can be difficult to find out the bottom line of a sportsbooks' financial standing, there are a few things of which you should be aware. Betting Options: Betting options are probably the second most important aspect of choosing a sportsbook, Having an account with a sportsbook that doesn't offer lines on what you would like to bet is simply a waste of time and money. Wagering Ease: Wagering ease isn't as important as it was a few years back. Developers have made sportsbooks a lot easier to navigate. The majority of sportsbooks have simple, easy to use software for you to make your wagers. Ease of Making Financial Transactions: This one is primarily for residents of the United States who are more likely to run into deposit problems than residents of other countries. This is one of the most important factors for a large number of new sports bettors. People like free money. Click Here to sign up for an Account at BoDog Sportsbook
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Sports Betting FAQ
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| Tips & Tutorials - Betting Tips | |
The Fequently Asked Questions pages are loaded with extremely helpfull information. On this page we have listed some of the most important issues from the online sportsbooks that we recommend.BoDog FAQ'sWager Types:How do I parlay multiple sports?When you want to add lines to your parlay from more than one sport, league, or portion of the game, you'll need to use My Picks. Why can't I parlay or tease circled lines?A line may be circled and subject to reduced betting maximums when factors other than game play (e.g., injuries or weather conditions) could affect the outcome of the game. You can't parlay or tease them because we don't have enough information on the game and can't accurately balance the action as it comes in. Our business model is to attempt to balance action on all games and protect our bottom line. Doing so allows us to offer the best bonuses and customer service in the industry. We do, however, attempt to have all of our lines un-circled. The red box may be removed closer to the start of the game. Why can't I parlay quarter lines?Quarter lines are comparable to props, or proposition bets, much like 5th inning lines in baseball. Props can only be placed as single wagers and can't be parlayed or teased in any manner. Why was my teaser settled as a loss? Except for one wager that was a push, all of my wagers won.You placed a sweetheart teaser and unlike regular teasers, sweetheart teasers never reduce. If one of the wagers results in a tie, the whole teaser is a loss. One of the portions of my parlay/teaser was graded "No Action". Does this mean my money will be refunded?Ties or no action wagers reduce the number of teams in your parlay or teaser (except for sweetheart teasers, which never reduce). For example, a four-team parlay with two ties reduces to a two-team parlay. A three-team teaser with one tie reduces to a two-team teaser. In all cases, the payout is recalculated based on the reduced number of teams. However, if any portion of a two-team teaser is graded "Push" or "No Action", or if your parlay or teaser reduces to zero teams, the entire wager will be graded "No Action" and your money will be refunded. Explaination of Odds and Lines:When are your lines posted?When a sport is in season, lines are posted regularly What does it mean when a line has a red box around it?A red box means that the line is "circled" and subject to reduced betting maximums. A line may be circled when factors other than game play (e.g., injuries or weather conditions) could affect the outcome of the game. As we don't have enough information on the game and can't accurately balance the action as it comes in, circled lines can't be parlayed or teased. Our business model is to attempt to balance action on all games and protect our bottom line. Doing so allows us to offer the best bonuses and customer service in the industry. We do, however, attempt to have all of our lines un-circled. The box may be removed closer to the start of the game. What are added games?Added games are games that aren't on the regular Vegas rotation. They usually involve smaller schools that are harder to gain information on; therefore, they are added later than other lines in the same sport. In order to offset the lack of information, added games are circled (which means they are subject to reduced betting maximums and can't be included in parlays and teasers). The odds changed after I placed my bet. Will this affect my payout?The odds that are quoted at the time your bet is made and confirmed are the odds that will be used to settle your bet, regardless of any line changes after that time. Deposits and PayoutsDo you charge any deposit fees?Everyl deposit with Bodog is processed free of charge. However, we may charge a fee if you deposit money into your Bodog account and then withdraw it without placing any bets first. This fee will be limited to our actual costs of processing the transactions. Is my money is safe?Bodog Poker, Casino, Sportsbook and Racebook is run by the eSportz Entertainment Group. eSportz is one of the largest international gaming groups in the world and has been processing wagers online and over the phone since 1996. eSportz is widely recognized as providing the highest level of payout services in the business. Bodog Poker, Casino, Sportsbook and Racebook uses SSL encryption on all sensitive areas of Bodoglife.com and all. When you are accessing a secure site, your browser will display one of the following security icons:
Lastly, once information is secured in our databases it is protected against hackers through the use of multiple firewalls. Even within Bodog Poker, Casino, Sportsbook and Racebook, access to your information is monitored and restricted to upper-level Bodog staff on a need-to-know basis. If you have questions or comments regarding our security procedures, please do not hesitate to contact us by email at the contact information below. Our Customer Service Center is open 24 hours a day, 7 days a week for your convenience. What is the minimum amount I can deposit? Whenever you deposit money into your Bodog account, the minimum amount you can deposit is dependant upon the Currency used in your Bodog account: US$ 20, GB£ 10, EU€ 10 or ZAR 100. How do I know my financial information is secure?Bodog works hard to ensure your account information is secure. While online banking and e-commerce is very safe, as a general rule you should be careful about giving out your personal financial information over the Internet. When signing in to your Bodog account, avoid using any hyperlinks that you receive in suspicious emails or newsletters. You should always manually enter the URL as www.bodog.com. You may be requested to fax documentation to us to verify personal or financial information used in your Bodog account. However, you will never be asked for your personal password. If you are suspicious about an unsolicited email that asks for documentation, sign in to your Bodog account. If the email is legitimate, a copy of it will be included in your account messages. If no message is waiting for you, or if you are suspicious of any requests concerning your Bodog account, call our Financial Services Department at the number listed below. If the request is legitimate, a representative will authenticate it. Also, do not fax requested documentation to any number other than the fax number listed below. Do you charge payout fees?Bodog will cover your fees for one payout per calendar month. Additional payouts in the same month may incur a processing fee. If applicable, fees for residents of your area will be displayed on your Payout Page when you are logged into your Bodog account. How long do payouts take to process?Payout requests can take as little as 24 hours to process, as long as all preauthorized or pending deposits to your Bodog account have settled. After a payout has been processed and the funds have been removed from your Bodog account, the transfer times are as follows: US Players: Check by Mail – Once mailed, your check should arrive within approximately 10 business days. Please note that there may be a processing period once the funds have been removed from your eCash account to the time your check is mailed. Please refer to the Payout Page for up-to-date timeframes on delivery standards. Check by Courier – Once mailed, your check should arrive within approximately 4 business days. Please note that there may be a processing period once the funds have been removed from your eCash account to the time your check is mailed. Please refer to the Payout Page for up-to-date timeframes on delivery standards. Click2Pay - processed funds will reach your Click2Pay account the same day. When do you settle wagers?Wagers are settled as soon as we receive confirmation of the official score or outcome. Sometimes getting confirmation of the official score takes several minutes. Wagers may take up to one hour to be graded during high-traffic peak times. How do I find out if my bet wins?After signing in, click the Manage Account link and then click the Bet History link in the left navigation bar of the My Account page. You can view a list of your bets that have closed within the last 1, 2, 7, or 14 days and find out if the bets won or lost (and your win/loss amount). |
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Betting Tips Breakdown
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| Tips & Tutorials | |
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This is the index to our betting tips articles, which discuss Wager Types, Betting Instruction, Sportsbook Signup procedures and money management. We are adding articles every week, so either subscribe to our site, which simply requires your email, or check back frequently. If you are interested in football betting related tip article being written about a particular subject, please suggest a betting tip. If you wish to submit or correct a betting tip, submit an article.
How to make a Straight Bet What is a Proposition Bet? Juice in Betting Realistic Betting Expectations
Note that the information contained in these football betting tips are are solely our writers opinion.
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How to Bet Parlays
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When it comes to betting, parlays are the sportsbooks' best friend. It takes research and a certain amount of skill to be able to pick one winner let alone two winners, three, four or so on. Parlays are a way to put at least two individual bets into one larger wager. In order to win a parlay bet all of the individual components must win. Generally, sportsbooks will offer between 2 and 12 teams in a parlay and will permit bettors to make parlays across multiple sports. Connected wagers are not allowed in parlay bets. For instance, you can not place a wager on a half time and full time score from the same game. The draw of betting parlays is simply because they pay more...when you win! All bets iin a parlay must win in order for it to payout. As a result, the payday is multiplied for each team picked. In comparison to a straight bet, which would pay about $91 for every $100 wagered, a two team parlay would return $260 on 13/5 odds if both teams win. Conversely, if one team wins and one team loses, you are only out about $9 on the straight wager as opposed to $100 on the parlay. Numerous sportsbooks are now offering parlay cards which allow you to take advantage of progressive parlay odds. Parlay cards are betting strips listing a number of possible situations that bettors can combine in order to build up wagers. Payouts are determined by whatever selections are made when the parlay card is created with a tie or push being a loss. While regular parlays are based on true odds parlay cards have fixed odds, and if one game on a parlay card is lost the whole card is lost. Of course, everyone wants to win. Unfortunately, winning parlay bets are rare and that is exactly why the sportsbooks love them. |
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Types of Wagers
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| Tips & Tutorials - Betting Tips | |
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Sports are a temendous source of entertainment for people all around the world. Many of these people are of the opinion that betting on sports only adds to the excitement of the game. Part of that excitement centers around the different types of bets that one is able to place. Straight Bets The most popular form of betting is a straight bet. In this common type of wager the bet is on the final score of the game. Typically, one team is favored over another by a point spread. The favorite team is always represented by a plus sign (+) and the underdog by a minus sign (-). For the purposes of the straight bet, the end result of the game is calculated by taking the actual score and either subtracting points from the score of the favorite or adding points to the underdog's score. This means that the favorite can lose the bet by not covering the spread but actually win the game itself and vice versa. Parlays A parlay bet is a wager on two or more teams. In this type of wager, all teams in the course of the entire bet must win. The original wager, along with any winnings, are re-invested on each additional game in the parlay bet. Remember that one loss in the string means that you lose the entire parlay bet. On the other hand, a winning parlay bet will pay many times over the initial amount wagered. Round Robin Bets In the same realm of parlay bets one will find round robin bets. Round robin bets are multi-team bets between three and ten teams which are then used to formulate as many two team parlay combinations as possible. The amount of money wagered in a round robin bet is based on each two team parlay. As in a parlay bet, if any one of your teams in the round robin loses, then any other parlay bet associated with that same team also loses. IF bets The best way to explain an IF bet is to describe it as two straight bets that are united by an "if" clause. An IF wager allows the bettor to make a second wager pending the outcome on the first wager placed. Both parts of the IF bet must either be for the same amount or less than the first wager. There are two types of IF bets, IF win only and IF win or tie. When a game is postponed, cancelled or considered no action, the bet is deemed a tie. Reverse Bets IF bets that work in both directions are called reverse bets that can be a combination of between two and four teams. Every reverse bet is double action meaning that they contain two IF bet sequences and an equal amount must be wagered on each bet. Future Bets A future bet is any bet placed on the outcome of events that will happen in the future. Typically, most future bets are related to the winning of some sort of championship. No payments are made on a future bet until the conclusion of the specified event. Proposition Bets Proposition bets were initially defined as betting on current events. However, over the years this definition has expanded to include everything from different sports to current events, reality shows and celebrities. if you can talk about it, chances are you can bet on it! For the most part, proposition bets are entertaining and should be viewed as such. They are a compliment to the traditional forms of sports wagering and are definitely an additional way to make money from a sportsbook. No matter what type of wager you decide to place it is hard to ignore the excitement it adds to the game. The more types of wagers you know, the better your chances are to turn that excitement into cold hard cash.
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How to make a Straight Bet
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| Tips & Tutorials - Betting Tips | |
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Straight Bet: The Most Popular Sports Wager Point Spread Essentially, a straight bet means favoring one team over another team using points. The point spread is the number of points by which the favorite team is expected to win. The favorite team is represented by a minus sign while the underdog (the team not expected to win) is represented by a plus sign. This is comparable to the underdog being given a head start. Money Line Total Bets Click Here to sign up for an account at BoDog Sportsbook
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