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What is an Overbet in Poker Play?

Saturday, March 27th, 2010

When it comes to poker play, there are quite a few strategies out there. You may need to test a few to see which ones work for you, but there are a wide variety of options to choose from. One move you will come in contact with if you continue to play poker is the overbet. An overbet is usually defined as a bet that is greater than the size of the pot. A river overbet for value happens in cash games more frequently than in tournaments, as stacks are commonly deeper and there’s no fear of losing your tournament life.

If you have heard of the overbet lately, you can attribute most of its popularity to player Tom Dwan. He’s used the move successfully over the years in tournaments like High Stakes Poker. The value of the move is that overbetting the river for value won’t be profitable at $0.25/$0.50, it’s just that it needs to be used against the right opponents and in favourable situations. Overbetting the river against a calling station, or an opponent who has gone into check-call mode is a good spot. Likewise when you’re confident your opponent holds a very strong but second-best hand such as, say, the nut full house against a worse full house, then overbetting the river is genius as it’s almost impossible to fold. Also, to some opponents overbetting the river looks far more bluffy than simply betting half or two-thirds of the pot. And, of course, opponents don’t have to call this overbet very often to make it more profitable than just betting half the pot for value.  Overbetting can take courage though. When you have a great hand you naturally want to play it right away. Take your time and act wisely when it comes to making your next move. Remember that there are the free-play poker tournaments for just this purpose. You can take new strategies that you aren’t familiar with and apply your new move. It’s a great way to learn about the techniques and still cut back on the risk involved in each play. Test out the overbet and see if it works for you– also, watch Dwan as he uses it and see how this skilled player has learned to strategize to his own benefit and win big.

Scandal is Good Business for Sportsbetting

Wednesday, March 24th, 2010

The media loves scandal. This has been apparent with every Lindsay Lohan move, every Paris Hilton mistake… it’s clear that scandal sells. Now that Tiger Woods is in the mix with his infidelity scandal, he is bringing the online sports betting community to its feet with excitement. Hundreds of sportsbooks are offering a variety of different bets that center around gold and Tiger Woods. Many of the top sportsbooks are now offering betting on the player scores in the Masters Tournament as well as Tigers performance, fan reaction, and even on Tiger’s wardrobe. You can easily find up to 10 different categories of golf bets that focus entirely on Tiger Woods. And they aren’t all professional– in fact some are for the least important things involved in his scandal. But it is interesting to watch how much is going on and how the media is having a field day with this one!

Bodog has a variety of betting options for Tiger Woods. Their are many obvious questions relating to the Masters Tournament, but further down on the list are the entertainment bets. They offer bets on the color of Tiger’s hat and even if the audience will heckle him at the Master’s Tournament. The overwhelming attention that the major media outlets have given to the Tiger Wood’s scandal has spilled over to the online betting world and online gamblers are loving it. It’s clear that people love betting and that isn’t going to stop any time soon– now with this additional fodder, you can see how big this is going to push the market ahead. When celebrities make a snafu, it sets afire an entire stream of media frenzy. It makes for an exciting time in the world though. Tiger Woods has yet to sort through his entire scandal or make his next appearance on the green. When he does, it will be interesting to see how many of the wagers on his every move are carried out and how people predict what he is going to do. Watch closely and see how accurate sports betters are and see how much money moves around in the market as a result of one man’s indiscretions.

Ultimate Bet Under Fire for Alleged Scam

Monday, March 22nd, 2010

Ultimate Bet is another sports betting operator that is under investigation due to complaints from the poker room. It’s a difficult time for the market because many online companies are under investigation. It is to be expected though because of the fact that a lot of companies are just getting their feet wet in the market. It may be unintentional if they do end up making mistakes and a lot of it can be attributed to growing pains. Growing pains or not though, there is still a price to pay for companies that make blatant mistakes in their markets.

Ultimate Bet however is under scrutiny for problems that go beyond common growing pains or mistakes. They are being accused of scamming players and cheating them out of considerable payouts. The scan allegedly began in May of 2004. The Commission has named Russell Hamilton, former World Series of Poker winner as a participant in the scheme. Law enforcement agencies will now prosecute those involved. The sports betting operator, UltimateBet has been fined $1.5 million for failure to detect fraudulent activities. The Commission further ruled that it should refund those accounts that have been affected by the scam. To date UltimateBet has refunded about $6.1 million to related accounts.  The sports betting operator has been directed to also remove all “unsuitable” persons from the company at all levels of operation including ownership and management. Should UltimateBet fail to comply within an allotted period of time, the company will lose its gaming permit. Details of its day to day sports betting must be provided to the Commission to ensure full disclosure and prevent further acts of impropriety.

CBS “60 Minutes” will be focusing on the story and bring to light the entire situation. The cheating scandal began in 2005 and the abuse of an auditing tool which enabled its users to view players’ cards at an online poker table. In May of this year, UltimateBet said that it was doing all it could to correct the situation and was working to provide a safe, secure environment for players.  In the latest move from UltimateBet to recover from the scandal, it has filed a lawsuit against Excapsa Software Inc, which formerly owned and licensed the software used by UltimateBet. They claim that the software was not secure enough and therefore the cheating could not be their fault.

TitanBet Enters the Market

Monday, March 22nd, 2010

Gold Coast Titans and Betezy have joined forced to bring Titanbet to the market. Titanbet is a new sports gambling company that is going to take wagers on the championship between Manly and Melbourne. It has also offered odds on the possible suspension of Cam Smith but the NRL quickly nipped that it in the bud.  Only certain types of bets and those only by strict adhesion to protect the integrity of the game will be open to sports gambling operators. Most sports leagues in the US are strictly against sports gambling but in Australia sports leagues have begun to see merit in such ventures. It’s an exciting time in the world of gambling and sports betting is joining in on the fun. More and more people are seeing their wallets expanding finally and are realizing that they now have some discretionary funds to have fun with. It was the recession earlier on that hampered people’s spending and the world of casino gambling suffered greatly. Though it has taken some time, the market is showing nascent signs of returning to its normal mode of operations. Companies are moving in on the market growth now and trying to make it as lucrative a move for themselves as possible.

CEO of the Titans, Michael Searle said that his rugby club decided to get on the bandwagon because sports gambling makes money out of the game and it would only be fair that the clubs get their share of the profit. The NRL strictly forbids profit from any match win or loss in which the Titans are involved in order to secure the integrity of the game.  This joint venture could see the Titans make around Aus $3 million in three years from sports gambling. The Betezy logo will not appear on the Titans shirts and therefore the NRL could not block the arrangement using its deal with SportsTAB. SportsTAB give 5% of proceeds from sports gambling to the NRL and the Titans will get 50% of the profit from the new sports gambling website. It’s a great deal for all parties involved, and time will tell how much they each can benefit from the move.

More Insight Into the Martingale Betting System

Friday, March 12th, 2010

For those players looking for a system to try when it comes to betting, there always is the Martingale system. The great thing about this system is that it has given birth to many other systems loosely based on it, but those systems vary in effectiveness. Martindale is one of the most efficient systems and has proven its usefulness over the years.

The good news about the system is that it is easy to understand and learn. You make a bet and then you double the amount of the original bet after each loss. Once a hand wins, you return to the original betting amount. After losing one hand, you double your bet on the next hand and if you win, then you recover the previous loss plus an additional profit. After losing 2 hands one after the other, the win on the third hand covers his losses of two hands, and gives you one unit more than you lost.

Like other systems the biggest drawback to using this system is that you have to have a big bankroll to wait it out until you start winning. If you get lucky you won’t have to worry, but what if you don’t? You need to have enough to sustain your gaming session to be a success when it comes to winning something. Many casinos changed the rules of the game to overcome the Martingale system. They introduced table limits, so with a table limit of a thousand times the table minimum, a player who uses the Martingale won’t be able to recover his losses after losing 10 times in a row. You need to test out the system and see if it will work for you. Be sure to understand the rules of the casino so you won’t have to worry about whether or not you can win back your losses over time. It’s imperative to know what the playing field is like before you jump out into the field. Remember that casinos are run by smart people too. They know the strategies that are out there and want to keep their own percentages up. They will modify rules to sway things to their own advantage.

 

Bet365.com Offers Great Online Gaming for Everyone

Thursday, March 11th, 2010

If you are looking for a new casino to test out, check out Bet365.com. It is one of those great little online casinos that offers something for every gambler. The casino gives players the option of a full-download or an instant-play version of all its games. Of course the instant-play option offers a more limited version of games, but still is some of the best play around. If you want the full casino experience, test out the full-download versions. They are all secure and you won’t have to worry about hefty downloads or spyware/adware issues. The website is safe and offers notable security features throughout.

Owned and operated by the respected UK Bookmaker Bet365 Casino, this one also offers a match bonus of up to 100 pounds for your first deposit. The games here are premiere too. Bet365 also boasts exclusive access to in our view the 5 reel slot of the year in the form of Gladiator. The casino has a wide range of slots and table games to enjoy. Loyal customers can join their VIP program to earn comp points and regular. Backed up by a proficient customer service term operating out of their base on the Rock of Gibraltar, players can contact Bet365 24-hours a day and 7-days a week. The casino also supports up to 15 languages and at the time of writing allows deposits in up to 27 different forms of currency.

Withdrawals are processed within 24 hours and are subject to a 12 hour reverse withdrawal period. Bet365 Casino is one of the best Playtech Powered Online Casino available at this time. Offering you the best online slots produced by Playtech at one of the more trustworthy casinos. You can also enjoy over 150 exciting Casino games, including favorites such as Roulette and Blackjack, as well as an extensive selection of Table Games, Card Games, Live Dealers, Video Poker, and Games and Keno. There are also many Progressive Jackpots on offer. The best way to keep up with all the specials and bonuses is to sign up for the casino’s newsletter and get them emailed to you automatically. With this casino, there is a wide range of specials to note so don’t miss out on all the fun.

The UEFA is Creating Betting Fun for Fans

Monday, February 22nd, 2010

The Europa League is the name of the redesigned UEFA Cup competition. It will head up 32 teams that go head-to-head vying for a spot in the UEFA Cup quarter-finals. It’s an exciting time to watch the league as it welcomes viable players. Liverpool was released by the Championship League after a disappointing finish last season behind France’s Olympique Lyonnais and Italy’s Fiorentina in the competition’s final group stage. However, the team still has a surplus of talented young players with European experience and is being offered at 5/1 odds by VictorChandler.com to win the Europa League.Liverpool won their last title in may of 2001 by defeating a Spanish team. However, the English team has since gone on an outstanding winning streak that included closing out as runners up in the 2007 championship year and winning the entire tournament back in 2005.

For anyone who loves to bet, it’s a great time to get in on the fun. Just make sure to maximize your payout by focusing on the online gambling websites with the best offers. BetDaq.com, BWin.com and Bet365.com all have some great odds. They offer Liverpool at odds of 11/2 to win the Europa League. ExtraBet.com, 888Sport.com, SkyBet.com, BoyleSports.com, StanJames.com, PaddyPower.com, BlueSq.com, Coral.co.uk and Ladbrokes.com offer odds at 6/1. Liverpool’s great cross-town rivals Everton are also in the Europa League after finishing fifth in last season’s English Premier League and are being offered at odds of 17/1 to win the tournament by WBX.com. Bet Daq.com offers Moyes’ at odds for men at 19/1 to win.

There is a slightly longer bet at BetDaq.com is offering David Moyes’ men at odds of 19/1 to win the Europa League followed by Coral.co.uk, Stan James.com and BoyleSports.com with 20/1. London-based Fulham are also still in the competition after surprising many to overcome stiff opposition including FC Basel and CSKA Sofia in previous rounds.  Among the other teams in the UEFA is Fulham, a team that finished toward the bottom in England’s premier league but online gambling sites have given such high payouts a small wager on  Fulham may not be a bad idea. Odds of 50/1 by BoyleSports.com, Bet365.com, ToteSport.com, VictorChandler.com, BetFred.com, StanJames.com, PaddyPower.com, Bwin.com and ExtraBet.com .

 

William Hill Took Bets on Snowfall

Friday, January 29th, 2010

As a testament to where gambling is going, players in the UK bet on snow. Anyone who lives in the UK knows that snow has been a distant memory for the country for years. They haven’t seen any in a long time. That’s why William Hill made news when it began taking bets on whether or now snow would fall on Christmas of 2009. It was a smart move because once they announced they were taking the bets, as many as 27,000 punters began wagering. They all put their money down on whether or not a single snowflake would grace the country on December the 25th. On Christmas Eve a spokesman for William Hill said, “We still expect to take a hit with snow in Scotland and Northern Ireland but are hopeful that London will miss out.”

Over 15,000 people bet that snow would fall in London, although forecasters were correct and the flakes narrowly missed the capital. “We have potentially dodged a monster payout but we are still going to be watching Buckingham Palace like a hawk as just a flake or two will decide whether we are going to have a festive season or not,” said a William Hill spokesman. The growing popularity of betting is following the growing popularity of poker and other online gaming. William Hill has been a forerunner in the industry of betting and is a clear-cut winner in the race for number one bookmaker.

The UK has seen a tremendous growth in the field of gambling over the years. Gambling altogether has grown exponentially. The market is continuously changing and now that various jurisdictions are moving to legalize gambling, more companies are cropping up and other companies that are already established are honing their gambling skills for the coming games. They know that having a market share is the most critical part of building their business and for that reason, they are working hard to develop their own value for the gaming customer. As gambling continues to grow, expect to see an even better offering from online casinos in terms of gaming, customer service, bonuses, payouts and promotions.

William Hill Successful with “Snow” Bets

Tuesday, January 26th, 2010

As a testament to where gambling is going, players in the UK bet on snow. Anyone who lives in the UK knows that snow has been a distant memory for the country for years. They haven’t seen any in a long time. That’s why William Hill made news when it began taking bets on whether or now snow would fall on Christmas of 2009. It was a smart move because once they announced they were taking the bets, as many as 27,000 punters began wagering. They all put their money down on whether or not a single snowflake would grace the country on December the 25th. On Christmas Eve a spokesman for William Hill said, “We still expect to take a hit with snow in Scotland and Northern Ireland but are hopeful that London will miss out.”

In the end 15,000 people bet that snow would fall in London, although the forecast confirmed that the snow didn’t hit the capital. “We have potentially dodged a monster payout but we are still going to be watching Buckingham Palace like a hawk as just a flake or two will decide whether we are going to have a festive season or not,” said a William Hill spokesman. The wager on the snow is a sign of how far gambling has come. There was a time when bookkeepers were kept undercover and no one talked about it publicly. However, now, it was big news that they were taking the wages and the number of people betting shows how acceptable the practice is these days.

It’s much like the WSOP. It began over 30 years ago as five people around a table trying to have a fun night of poker play. Now, it’s a huge deal in the world of poker and broadcast live worldwide on ESPN. The event draws mainstream corporate sponsorship and the payouts are in the millions. The event is one of the most highly watched events throughout the ESPN year-long calendar. Just like poker, bookkeeping is gaining a mainstream acceptance in the world of gambling. For anyone who loves wagering, good things are surely to come in the near future.