Baseball betting players know that there is a big difference between the style of betting in sports like hockey, basketball, football and of course, baseball, and there is the style of betting used in events like horse racing and greyhound racing. This style is called parimutuel betting , and it is usually used in races that are short and finish in some sort of ranked order.

Parimutuel betting was started by Joseph Oller in 1867, and the system led to the invention of the totaliser (“tote board”) and the first one was used at Ellersie Racecourse in Auckland, New Zealand. In North America, there are a number of different ways in which you can wager using parimutuel betting, especially in horse racing as you can bet on a horse to win, place, or show; there is the exacta, where you have to pick the two winning horses in the correct order; the trifecta, which is the exacta, but with three horses; and the superfecta, which includes four horses. There are many others such as the box bet, a double, triple or quinella, and a sweep, where you pick the winner in four races in a row.

The terms are the same around the world, usually with little nuances so it pays to do your research before doing your horse betting in a particular part of the globe. But once you get into it, parimutuel  wagering can be a major source of entertainment  and income for most betting players.

If you plan to bet on MLB baseball this summer, you’ll probably run across a chance to bet parlays, which can be a very profitable way to build your bankroll, but it can also drain you in a hurry if you are not careful. Here are a couple of tips for you to heed before making a parlay bet, and common sense is the big key.

Watch Your Bankroll

The way that parlays work, you can raise your winnings by betting on multiple matchups, which can stretch your finances to begin with. Therefore, don’t bet large sums of money while making these wagers as you will only end up chasing bad losses, and that can turn into your downfall. Begin with small amounts until you get the hang of betting parlays, because if you play it right, it can be a massive boost to your sports betting account.

Bet Realistically

The toughest thing about parlays is trying to pick the correct matchups, therefore it’s very risky to include a big upset in your selections. If you are going to make a risky bet, at least have your pick researched thoroughly so it can be an educated pick. Don’t just include a game in your parlay on a whim, in fact, you should probably be more cautious when it comes to parlays because all it takes is one impulse pick, and you’re one pick away from a big payday, so exercise extreme discretion when you’re betting online with parlays.

While 2011 Belmont Stakes betting players are worrying about horsepower of another sort, NASCAR betting players are looking for ways to get an edge when handicapping any of the three major series in the top stock-car series in the world. Here are a few tips to help you along your way.

Track Type

When betting on NASCAR, you run into road courses (left and right turns), short tracks (anything shorter than a mile), intermediate tracks (1-2 miles) and superspeedways (anything above two miles). Some drivers are just good on certain types of tracks. For example, you’ll see Dale Earnhardt Jr.’s odds improve dramatically at superspeedways, where he has been historically good.

Past History

This ties into the last point, as some drivers are just good bets at certain tracks, so it’s helpful to go back and look at how a driver has been at a specific circuit. For example, Kyle Busch has won five of the last six races at Bristol, so he’s a smart bet there. The same goes for Jimmie Johnson at Dover as he’s won three of the last five there, but he has led the most laps in each of the last five races.

Experience

It’s a good tip to stay away from young drivers when wagering on NASCAR, especially in the Sprint Cup series where the older drivers won’t hesitate to teach them a lesson if they aren’t racing the right way. You’ll get the old surprise, like Trevor Bayne at Daytona or Regan Smith at Darlington, but for the most part, experience is the way to go in your sports book.

While Preakness betting is heating up for horse betting players, the Triple Crown season will be over soon, while the golf wagering season is just getting started with the U.S. Open on the horizon. Here are a couple tips to improve your golf betting chances, and hopefully, you’ll fare better than you would on the course.

Look At The Venue

Golf is unique in that the major championships, except for The Masters at Augusta National, are rotated between various courses. For example, this year’s U.S. Open will be played at Congressional for the first time since 1997, but Congressional has also played host to other tournaments, notably, the AT&T National hosted by Tiger Woods. It’s good to go back and check out how players have performed on a course in the past, although you have to factor in the wicked USGA setups that favor tough pars over a slew of birdies.

How Are They Playing Right Now?

For the most part, golf is incredibly fickle, but the really good players are the ones who can remain consistent, which is the best way to move up the world rankings. Therefore, you have to look at how players are performing heading into a tournament, and not just the majors, but any tournament. A lot of golf is based on momentum, and it’s tough to keep it, but if you can put yourself in position on a consistent basis, you will eventually come away with a win, so check out recent play before heading your sports book.

Over the next couple of days expect online betting for Kentucky Derby 2011 to pick dramatically. With 22 new contenders all vying for a chance to be named Kentucky Derby betting champion, it is important to find the right horse wagering system for you. To help you choose the right horse on race day, here are a few systems that have been successful time and time again.

Early Speed Post Improvement Angle – For as long as we can remember, the Kentucky Derby has been known as a race in which long shots make their marks by disproving their odds. In this angling system, your goal is to look for a horse that was in the mix for a podium position for the first two lengths in its last race, before dropping off. In theory, if the horse receives a better position in its next race, you should consider betting on it since it will most likely finish in a greater position.

Morning Line Odds Drop – In this system, your goal is to simply compare the odds of a horse in the days leading up to a race and on race day. If you see a horse’s odds entering race day at 45 to one, and in the minutes leading to post time drop to 15 to one, you should bet on that horse. The theory here is that the race track knows something about this horse’s abilities, and that is why they have a better chance of winning.

Jockey Change – This system has been one of the trickiest for bettors to rely on, as a jockey change is as much about chance as it is about ability. In a jockey change as the name suggests, the owners of a horse and the trainer, both agree to change the jockey in belief that a new rider can influence how well the horse rides on race day.

2011 Kentucky Derby betting players will be on the lookout for any tips they can find in order to get an edge when it comes to making picks for the big race, and in the NBA, players are in the same boat as they look to navigate the playoffs. Here are a couple of tips for you as you look to make a profit off the NBA postseason.

Don’t Bet On Comebacks If Your Team Is 0-2 At Home

In history, only three times has a team managed to overcome an 0-2 deficit after losing the first two games at home: the 1971 Lakers as a No.1 seed against third-seeded San Francisco; the 1994 and No.3 Rockets against the No.2 Suns; and the No.4 Mavericks in 2005 against the No.5 Rockets. This doesn’t bode well for the two-time defending champions from Los Angeles, who head to Dallas down 0-2.

Take A Chance On The Over

With rules in the NBA being made to create more scoring, it should be no surprise that the over is winning its battle with the under when it comes to the posted total. As two games have been played in all four series in the second round so far, six of the games have gone over the posted total, including both games in the Boston-Miami and Oklahoma City-Memphis matchups. Even though you hear about the game “slowing down” in the playoffs, scoring puts people in the seats, and the NBA has been trying to do that, so consider the over seriously in your sports book.

The 2011 March Madness betting tournament will be different from all of the others featured this decade, as the format has switched from 65 to 68 teams. With the college basketball betting regular season entering the home stretch, there are many teams with the belief that a strong end to the season can get them into the tournament. Here are two teams with the chance of making the March
Madness tournament, and perhaps going far in the tournament all together.

1. Cincinnati Bearcats - Earlier this college basketball season we were some of the many critics aimed at the Bearcats, as they had an
incredible favorable schedule, which in effect made them appear as a pretender instead of a contender. Meaning to say, despite a record of 21 and six, the Bearcats, appear to be one of the many teams on the bubble of being chosen to play in the tournament.

The NCAA is trying to repair its image, by claiming that it focuses on a team’s body of work rather than which conference they are in when deciding who makes the tournament and who doesn’t. This year, Cincinnati played the 119^th difficulty of schedule, meaning it was pretty easy. However, in the final stretch, they have to play Georgetown, Connecticut, and Marquette. If they get into the tournament they have to take at least two of three of those games.

2. Nebraska Cornhuskers - Prior to their upset three point victory over potential March Madness tournament winner Texas, many experts felt that Nebraska didn’t stand a chance at making the tournament. However, with that victory over Texas and a sixth ranked defense overall in the nation, the possibility of a Nebraska berth in the tournament may not be so far out of the question. Nebraska faces Kansas State and Missouri to close out their schedule, and wins over both are absolutely vital to the team’s tournament bid chances.

With over a hundred different online sportsbooks to choose from, making the right decision on where to gamble has never been more important. As can be expected with such a large number to choose from, there are many good and many bad and many in between sportsbooks for you to bet with. Here are three things you should keep in mind when deciding on how to choose a sportsbook.

• Financial Status – Of the three options we will suggest today, this is the most important. It doesn’t matter how many things a sportsbook suggests it will give you for free, if it doesn’t pay you in a quick enough fashion.

How quick and their willingness to give you your money when you make a withdrawal from your sportsbook account should be the most important factor. If you find a sportsbook that mentions in its rules that the first withdrawal has more than four rollovers, before you get your money, you may want to look elsewhere. The standard for the best sportsbooks is between one to four rollovers, anything higher is not worth signing up for.

What’s more, when examining which sportsbook is the most financially stable, you should use various review sites and look into how long the sportsbook has been in operation. The more years in business, the more financially stable.

• Betting Options – Prior to joining a sportsbook, make sure it has all of the sports that you would want to wager on. If it does not, then you are wasting your time. The majority of good sports betting sites offer a demo or trial version, in which you can use their money to test out the site. Once a site is up to par after your trial version, go ahead and join.

• Wagering Ease – About a decade ago, this was more of an issue as most websites were quite difficult to understand. Now a days, many sportsbooks have modernized websites, which allow for you to wager without any difficulty. What’s more, if you have any questions, most sportsbooks give new users a tutorial, making their wagering experience quite simple.

Whether you are betting on the big game in person or online, using proper money management can be the trick to preventing addiction. We’ve seen it all before, you’re up big and then suddenly a losing streak kicks in. Only rather than call it a night and take off until tomorrow, you continue to bet and then you double up and suddenly you are out more than you expected. But don’t worry, you are not alone, and here are a few tips to prevent being addicted to making back your sports wagering losses.

Firstly, proper money management comes down to one thing and one thing only, budgeting. A technique we’ve found that has prevented us from having a gambling problem is by utilizing the percentage system.

Basically, you would take about five percent of your overall budget and make wagers within the five percent. This can vary from using the entire five percent on one wager and then going home. Or you could take half a percent from within the five percent and use that. So what you would be doing in essence is you would make five bets, and each bet would have half a percent attached to it. Once those five bets are finished, you would be left with four percent, instead of five because those five bets made up one percent of your budget.

Secondly, and more importantly, you want to approach sports betting with the proper mind set. This means, absolutely no drinking while betting. While some bettors may stop reading after that last line, those who continued, should already know that alcohol clouds your judgment. When you are in the casino sportsbook, free drinks are offered, and the next thing you know you are betting more than you actually anticipated. Staying sober, allows for a clear mind set which then in turn prevents you from risking too much money on different sports.

When getting involved in nfl betting, your ultimate key to success is having a money management system. Here is a look at the ultimate money management system, betting enthusiasts looking to make a profit at the end of the day will accomplish their goal when using this system.

What is the ultimate money management system?

In essence, the UMMS is based on the concept of using only four percent of your bankroll and subtracting point one percent for every additional bet you make. For example if you were to make a single wager a day you would use up all four percent, yet if you made five bets a day you would use three point six percent of your four percent. Further 11 bets would become three percent of the bankroll, as you subtract one percent from four.

For fans using this method for the first time, know that in order for this system to be effective, you will be wagering the same amount on each bet. Most bettors when they run into trouble managing their accounts will bet $50 on one game and $100 on another. But to have an effective day, it is important to use the same amount of money for each wager. It is important as well to keep a calculator handy, in order to determine what your set wager amount will be.

The UMM system is compatible for online sportsbooks but sometimes tricky for in live casinos. Basically, because online sportsbooks want to remain afloat, they are more likely to take a wager at a bizarre number such as $45.25 same as a $50 wager then a bookie is. For a bookie you would look to compensate them for adjusting to your price causing you to spend more. However as we noted above this system is affective as you do not spend a lot of money, but at the same time the profit is quite small because of how little you are spending.