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	<title>Rory Gold &#187; Betting 101</title>
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	<link>http://rorygold.com</link>
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		<title>Tip to Win Sports Betting</title>
		<link>http://rorygold.com/tip-to-win-sports-betting/</link>
		<comments>http://rorygold.com/tip-to-win-sports-betting/#comments</comments>
		<pubDate>Fri, 29 May 2009 05:15:29 +0000</pubDate>
		<dc:creator>Rory Gold</dc:creator>
				<category><![CDATA[Sports Betting]]></category>
		<category><![CDATA[Betting 101]]></category>

		<guid isPermaLink="false">http://rorygold.com/?p=616</guid>
		<description><![CDATA[
Tip to Win Sports Betting
I wrote a post about giving some tips a little while ago but gambling is something you can always improve on. 
A point to remember Billy Walter from the computer group, who was probably the greatest gambler this side of Biff from Back to the Future II, only had a lifetime winning [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Don&#8217;t Let the Win Get Away</title>
		<link>http://rorygold.com/chasing-your-losses/</link>
		<comments>http://rorygold.com/chasing-your-losses/#comments</comments>
		<pubDate>Wed, 13 May 2009 03:54:27 +0000</pubDate>
		<dc:creator>Rory Gold</dc:creator>
				<category><![CDATA[Casino Strategy]]></category>
		<category><![CDATA[Betting 101]]></category>
		<category><![CDATA[Casino Gold]]></category>

		<guid isPermaLink="false">http://rorygold.com/?p=467</guid>
		<description><![CDATA[I’ve just finished reading the Ori and Rom Brafman book Sway: the Irresistible Pull of Irrational Behavior, actually I&#8217;ve only finished the first chapter but for gambling purposes, I’ve never read a more rational explanation as to why gamblers chase their losses.
The owner of Bio-medical start up sold his company for stock in a much [...]]]></description>
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		<slash:comments>3</slash:comments>
		</item>
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		<title>How To Calculate a Parlay</title>
		<link>http://rorygold.com/how-to-calculate-a-parlay/</link>
		<comments>http://rorygold.com/how-to-calculate-a-parlay/#comments</comments>
		<pubDate>Mon, 11 May 2009 02:52:24 +0000</pubDate>
		<dc:creator>Rory Gold</dc:creator>
				<category><![CDATA[Sports Betting]]></category>
		<category><![CDATA[Betting 101]]></category>
		<category><![CDATA[Parlays]]></category>

		<guid isPermaLink="false">http://rorygold.com/?p=378</guid>
		<description><![CDATA[
How many times have you placed a big parlay only to have it lose on the final game? Sure, you&#8217;ve picked 4 out of 5 or 5 out of 6 but it still pays the same as if you went 1 for 5 because if you lose one game you lose the entire wager.
One of [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Rules to Live By and Bet By</title>
		<link>http://rorygold.com/rules-to-live-by-and-bet-by/</link>
		<comments>http://rorygold.com/rules-to-live-by-and-bet-by/#comments</comments>
		<pubDate>Mon, 20 Apr 2009 03:25:34 +0000</pubDate>
		<dc:creator>Rory Gold</dc:creator>
				<category><![CDATA[Sports]]></category>
		<category><![CDATA[Betting 101]]></category>

		<guid isPermaLink="false">http://rorygold.com/?p=120</guid>
		<description><![CDATA[
Making money by betting on MLB is easy, just by choosing all the winners, at the end of the season you can buy a new house.  OK well there is a little more to it than that and I can’t guarantee you a house but if you follow these tips you will win more than you lose and really isn’t that what matters?
 

1. Money Management
2. Put the work in
3. Know when to bet
4. Compare the lines

 

1. Money management - is just that, taking care of your money. You never want to bet more than you can afford to lose.  There is nothing worse than loading your entire balance on a game only to find a game you like more. You have to make another deposit or miss out.  Most seasoned gamblers will tell you to risk somewhere in the range of 1% to 5% of your bankroll on any particular wager. This allows you to lose a few and still have money to keep betting.  Lucky for us baseball gives us 13-15 games everyday to spread around our bankroll.
 
2. Put in the work – I read an interview with Pete Rose. He said some days he would call his bookie and say “Gimme a dime on all the AL home teams and a Dime on all the NL away teams.” That doesn’t sound like a bettor who is doing his homework.  Take the time to find out who’s pitching, know their record, do they get more groundouts or fly outs? Are they playing a power team or a group of speedsters? What direction is the wind blowing? Starting pitchers control the outcome of the game and of course, your bets more than any other factor, so take the time to arm yourself with the knowledge to make the smart bet.
 
3. Know When to Bet – When you confirm your bet with a bookie or a reputable online Sportsbook your odds are locked in. This brings me to my next rule; you must know when to bet to maximize the money won or minimize the money risked.  Generally, Bookies take the most action on the favorites, so when the money comes in they will raise the price of the favorite and lower the price of the underdog. 

So if you are betting the favorite you will want to make your bet as early as possible before all the action comes in and the bookie is forced to charge you more. However, if you are taking the underdog in a game, it will be more advantageous to you to wait until close to game time when the underdog reaches its best price.

4. Compare the lines – When you make a major purchase you shop around to make sure you are getting the best price and when you are placing a wager if should be no different. I recommend that you have a funded account with at least four reputable Sportsbook. This way when you want to bet on a game you can place your wager with the book that if offering the best price.

For example, if you can save 10 cents from each moneyline you bet it will translate into 100’s maybe 1000’s of dollars over the MLB season that will stay in your bankroll and not end up in the bookies coffers.

These are just a few but very important rules to bet by.

Stay Gold
]]></description>
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		<slash:comments>2</slash:comments>
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		<title>Betting On MLB</title>
		<link>http://rorygold.com/betting-on-major-league-baseball/</link>
		<comments>http://rorygold.com/betting-on-major-league-baseball/#comments</comments>
		<pubDate>Mon, 13 Apr 2009 05:36:01 +0000</pubDate>
		<dc:creator>Rory Gold</dc:creator>
				<category><![CDATA[Sports Betting]]></category>
		<category><![CDATA[Betting 101]]></category>
		<category><![CDATA[MLB Betting]]></category>

		<guid isPermaLink="false">http://rorygold.com/betting-on-major-league-baseball/</guid>
		<description><![CDATA[Some people need beer and hot-dogs to enjoy baseball; others like me enjoy putting a couple bucks on the line to bring out the excitement of America’s pastime.  With 2,430 games a season, MLB gives us literally tens of thousands of props, spreads, moneylines and totals to bet on. 

Let’s have a look at how a few bet types work before you risk your hard earned cash in Vegas or with a reputable online sportsbook.

Moneylines

Moneylines are probably the easiest to understand wager offered by sportsbooks, all you have to do is pick the winner and you can start counting your cash.  To read a moneyline there will be a minus sign beside the favorite and a plus sign beside the underdog. 

The numbers represent what you will have to risk to win $100 if you take the favorite or how much money you will win if you choose the underdog.

Have a look at this example, by selecting the favored Toronto Blue Jays you will need risk $140 of your money to win $100 of the bookies money. If you are thinking upset you will win $130 from the bookie by risking only $100. 

You will notice a $10 difference in the lines; this represents the bookies commission for taking the bet. Often called the juice or the vig, it’s how they get paid.]]></description>
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