Online Casino – Tips For Money Management

casinoOnline Casino – Tips For Money Management

The first rule in online gambling money management is to avoid parlays, teasers, props and other related bad bets. Casino sportsbooks and other online betting services like parlays and teasers offer bets that are low percentage plays and rarely pay off, therefore the can increase the betting services profits and margins. Any gambler, whether you are betting on baseball or the NFL, should avoid parlays and teasers even at the best online casino. Parlays can take a winning day and make it less of a winning day or, in some cases, even a losing day. Parlays increase the profit margin of an online casino and decrease the profit margin of the sports betting player. Even the best online casinos will likely have parlays and teasers, because they want to increase their profit margins. It’s important for anyone to avoid parlays, but you especially want to avoid them if you are betting on baseball games online.

Take as an example the best online casino gambling strategy of a college football Saturday. Say the better went 5-3 on his eight football picks against the odds. If he was betting to win $100 per game, betting flat he would show an after vig/juice daily profit of $170 that day. However, if that same player had $100 worth of parlays on his eight picks and none of them came in, he would have decreased his bankroll profit margin down to $70. Remember that he lost three of his eight picks, but he did hit 63% of his picks against the odds. An online casino would love for that player to screw around with his $100 worth of parlays because their profit margin would be better, but he would be disappointed in the results.

Just how ridiculous a parlay is can be demonstrated by an online baseball gambling player who goes 4-1 on his picks against the odds. If he bet those picks flat against the odds his final profit would be $390. But if he bet all five picks together on a five team parlay he would get nothing. Imagine getting no return on what should have been a banner day against the betting board. It no wonder that even the best online casinos love parlays.

Especially for baseball games online you want to avoid parlays and teasers. Avoid following the masses. Most serious online gambling resources tell you to avoid parlays and teasers, although there are no specific rules telling not to bet them. However, it usually is not a profitable idea. Again, there is nothing specific telling you not to bet parlays, teasers or propositions. However, if you look at the accepted online gambling rules you will not see much in favor of them. There are times when a parlay can be decent and perhaps even a good bet. However, in general, it’s not a good idea. You need to beware, however, because even the best online casino will offer them. Do not get sucked in.

 


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December 4, 2013: posted in Money Management No Comments

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