Posts tagged "online betting"

History of Online Casinos: From the Birth of an Industry to Social Gambling

Do you know the history of online casinos? RightCasino.com published an infographic, detailing the move from the first money wager on casino games, to the first internet poker room, through the online betting revolution and the gambling regulation, and finally to the mobile gambling boom and social gambling. Currently 85 countries have legalised online gambling, contributing… Continue reading

Why I never use Betting Tips to invest my money

Since there are a bunch of websites offering paid or free betting tips, it’s tempting for gamblers to invest their money using these tips. After all, all the hard work of studying the games, analyzing the stats and doing the necessary research is already completed by the betting experts. Sports bettors only need to follow… Continue reading

Greek Online Gambling law imposes Tax on Gambling Winnings

Internet gambling in Greece is expected to change dramatically on December 5, when the legislation about online gambling comes into effect, according to officials’ announcement. The Greek law will impose a tax on gambling winnings that come from either online betting or online poker, while 30% taxation on betting sites’ gross profits is also scheduled…. Continue reading

Greek legislation against online gambling sites

Are you visiting Greece and planning on betting in your favorite online gambling site? Greek legislation that will come in effect on December 5, prohibits players from accessing their betting accounts, in case their favorite gambling site is one of the sites, which haven’t acquired an operating license in Greece. This is all part of… Continue reading

Money Management in Betfair Trading

Successful sports trading in Betfair or any other online betting exchange depends a lot on proper money management. It may only seem important to pick up the online betting odds movements correctly, but applying money management in trading the online betting odds will make money for serious sports traders. If we are just starting out… Continue reading

Can you make a living from gambling?

Yes, you can make a living from gambling, such as online betting, trading, playing blackjack or poker. At least those are my fields of expertise and I am sure they are profitable. But don’t just take my word for it. There are proof all over internet that successful professional gamblers do exist and prosper. You… Continue reading

Betfair Trading: How to Green Book

Sports betting in Betfair can have many forms, like trading sports. A betfair trader makes money trading the betting odds as they swing. A green number under the event he is trading is his profit, which is a sum of all his profitable trades. The question is how to green book, that is how to… Continue reading

Expectations and Bankroll Growth

We have defined our bankroll and staking plan we are going to apply and we may now calculate how much winnings we should expect and when we will make our first withdrawal. Because, after all, if we are not going to spend our hard earned money, what is the point to build our Betting System… Continue reading

Probability Calculations and Value Betting

Usually, inputing data, variables and stats into an excel spreadsheet is dull and when it’s done on a daily basis it can get frustrating. Now, the clever part of building a betting system is making proper use of those numbers in order to calculate a probability percentage as close as possible to the real probability… Continue reading

Data Collection, Statistics and Input Variables

Having already discussed about selecting a sport to bet on in the tutorial series on how to build your own Betting System, it’s time to deal with the input variables of the system we are going to develop. Now, don’t panic, by saying “input variables” doesn’t mean we plan on building a nuclear reactor! We will… Continue reading