How to Bet on Basketball

Basketball is one of the most popular sports in the world with millions of fans watching and enjoying the sport. Even though the NBA is synonymous with basketball, it is only one league out of 65 around the world. Furthermore, just like the sports itself, betting on basketball is just as popular. Therefore, here is our basketball betting tutorial on How to Bet on Basketball and Win!

Like many other popular sports, sportsbooks offer a wide range of options to bet on basketball. This is because basketball can greatly increase the sports betting volume in a sportsbook.

Therefore, basketball offers many opportunities for gamblers and fans to make a profit from it. In addition, a typical basketball regular season will last from 5-6 months depending on the country. Thus, it is plenty of time for sports bettors to find statistics and patterns to help them win their bets.

How to Bet on Basketball – Basketball Betting Basics

How to read Basketball Betting Odds

Since this is a beginner’s basketball betting tutorial, we will only go over the basic types of basketball wagers. Thus, we will first go over how to read sports betting odds for basketball and how to bet on them. In this tutorial, we will use the American odds system as it is easy to understand and popular amongst bettors.

First off, typical Basketball Betting Odds will look like this. For this example, we will use a matchup between the Atlanta Hawks and the Miami Heat.

Team	Point Spread	Money Line	Total Points
Atlanta Hawks	-5.5 -110	-141 -110	O 203.5 -110
Miami Heat	+5.5 +110	+ 117 -110	U 203.5 -110

 

Reading basketball odds is simple as long as you understand the +/- system. The “-“, in front of the number means that the team is the favorite to win. Furthermore, sports betting odds can change without any notice because of several reasons.  Some of these reasons include, player injuries, rumors and public betting perception.

The second number is not always there, it is important because it is the commission the bookmaker charges. In this example, the commission is -110. This means that if you win the bet, the sportsbook will charge 10%.

In most cases, the basketball betting odds will usually show the three basic types of bets.  They are Point Spread betting, Money line Betting and Total points or over/under wagering.

How to Bet on the Most Popular Types of Basketball Bets

How to bet on the Basketball Point Spread

According to basketball forums, point spread betting is arguably the most popular way to bet on basketball. This type of bet is a form of handicapping to so the sportsbook does not lose money. For example, a gambler wants to Bet on Atlanta Hawks on the point spread.  Looking at the odds chart, to win his bet, Atlanta has to win by more than 5.5 points.

Betting on the Money Line

Betting on the basketball money line is very straightforward.  This is because you are betting on the team to win without a handicap. However, this type of bet is more costly if you bet on the favorite.  This is because the odds of the Hawks are high and most people will bet on them. Therefore, a sportsbook makes it more expensive to bet on them.  In this case, you have to bet $141 to win $100.

On the other hand, if you bet on the underdog the odds are more attractive and the profits higher. In this example, you bet $100 to win $117 on the Seoul Samsung Thunders.

Bet on the Basketball Totals

This type of bet is also known as betting on the basketball over/under.  This is because you are betting on whether the total score will go over or under a certain number. For those looking to become a basketball bookie, setting the correct odds is a must. This is because sharp bettors will be able to take advantage of incorrect odds and make a large profit from the sportsbook.

Now that you know thebasics on how to bet on basketball, its time to put the theory into practice with SportsBetting.ag and get a 50% Welcome Bonus!

Wynn Resorts Pays $130 Million in Fines

 

A settlement has just taken place that is turning the Las Vegas Strip and the US Gambling industry on its head. This is because Wynn Resorts Pays $130 Million in Fines to Federal authorities. This is because it admits letting unlicensed money transfer companies to channel funds to gamblers at its premier property on the Las Vegas Strip.

The publicly traded entity announced that a non-prosecution agreement finalized on Friday reflects a monetary amount identified by the U.S. Justice Department as “funds involved in the transactions at issue” at the Wynn Las Vegas resort.

In communications to the media and the federal Securities and Exchange Commission, the company clarified that the forfeiture does not constitute a fine and that the findings from the decade-long investigation do not equate to money laundering.

U.S. Attorney Tara McGrath in San Diego remarked that the settlement underscores the accountability of casinos that permit foreign patrons to circumvent U.S. laws. She noted that the $130 million forfeiture is believed to be the largest ever imposed on a casino “based on admissions of criminal wrongdoing.”

Wynn Resorts stated that it has terminated all associations with individuals and entities implicated in what the government described as “convoluted transactions” abroad.

“Several former employees facilitated the use of unlicensed money transmitting businesses, which violated both our internal policies and the law, and for which we accept responsibility,” the company conveyed in a statement to The Associated Press on Saturday. Engaging in bookmaking is centered on achieving two primary objectives: increasing profits and reducing risks.

However, these objectives merely scratch the surface. Operating a sportsbook entails a multifaceted process that extends beyond just managing risks. It is imperative to gain valuable insights into the intricacies of sports betting from the outset.

Wynn Resorts Pays $130 Million in Fines in a Settlement with the Justice Department

According to Bookie Pay Per Head Solutions, the Justice Department outlined various methods allegedly employed to facilitate the transfer of funds between Wynn Las Vegas and individuals in China and other nations.

One method, referred to as “Flying Money,” involved an unlicensed money broker utilizing multiple foreign bank accounts to send money to the casino for a patron who was unable to access cash in the United States.

Another method included a person known as a “Human Head” who placed bets at the casino under the guidance of another individual who was either unwilling or unable to gamble due to anti-money laundering regulations and other legal constraints. This is why it is important for bookies to track betting activities.

According to the Justice Department, one individual, acting as an independent representative for the casino, executed over 200 money transfers totaling nearly $18 million through bank accounts managed by Wynn Las Vegas or its affiliated entities on behalf of more than 50 international casino patrons.

Wynn Resorts characterized its agreement with the government as a conclusive measure in a six-year initiative to “fully move past legacy issues and concentrate on our future.” The SEC filing indicated that the investigation commenced around 2014.

For those thinking about entering the gambling industry, this is a valuable lesson. This is because all tutorials about how to open an online casino mention the need for clear cut banking.

Former Wynn Resorts CEO, Steve Wynn Has not Comments about the matter

While the name of former CEO Steve Wynn was not mentioned, the parent company has been embroiled in legal challenges related to his exit following the emergence of sexual misconduct allegations first reported by the Wall Street Journal in 2018.

Attorneys representing Wynn in Las Vegas did not respond to inquiries on Saturday regarding the company’s settlement.

Now 82 years old and residing in Florida, Wynn has stated that he has severed all ties with the company that bears his name. He has consistently denied any allegations of sexual misconduct.

The billionaire, who developed a luxury casino empire in Las Vegas, Massachusetts, Mississippi, and the Chinese gambling hub of Macao, resigned from Wynn Resorts after the allegations surfaced, divested his shares in the company, and stepped down from the corporate board.

How to Become a Bookie and Open a Sports Betting Business

If you have a passion for sports and thrive on the excitement of the game, a career as a bookie could be the perfect fit for you. The online betting industry is booming, making it an opportune time to enter the lucrative sports betting market. Thus, this tutorial on How to Become a Bookie and Open a Sports Betting Business will help you achieve that goal.

This comprehensive guide will provide you with all the necessary information on how to become a bookie and establish a successful sportsbook business. We will walk you through obtaining the required licenses, setting up your business, selecting the best software, and attracting clients. Get ready to embark on an exciting and profitable journey in the sports betting industry!

Engaging in bookmaking is centered on achieving two primary objectives: increasing profits and reducing risks. However, these objectives merely scratch the surface. Operating a sportsbook entails a multifaceted process that extends beyond just managing risks. It is imperative to gain valuable insights into the intricacies of sports betting from the outset.

We also recommend watching this video which shows you 3 ways on how to be a bookie.

What is a Bookie?

Before we can begin on How to be a bookie, you must first know what it is. A bookie, also known as a bookmaker, acts as the intermediary in sports betting platforms.

To serve as a bookie means overseeing the entire betting process. This entails various crucial duties, such as:

Setting odds: A bookie must possess expertise in sporting events. They need to closely monitor team performances and player abilities to establish the odds. Precision and impartiality are vital in setting odds.

Accepting bets: This involves receiving bets from bettors. Nowadays, bet placement mostly occurs digitally, especially in online sportsbooks. Mobile betting is also conducted online.

Balancing the book: A bookie's role includes balancing the odds to ensure profitability. This helps in managing the risk of significant financial losses. However, a sports betting platform must demonstrate fairness in balancing odds. They must comply with regulations such as transparency and minimum payouts.

Settling winnings: Ultimately, a bookie or sports betting platform will resolve the bets. The winnings will be determined by the agreed-upon odds and unsuccessful bets.

How to Become a Bookie with a Pay Per Head

Get a Reliable Pay Per Head Service - The idea behind bookie pay per head service is straightforward yet effective. It enables you to offer a betting platform to your customers while the provider takes care of the lines, odds, and technical details. Choosing a trustworthy pay-per-head provider is essential.

Seek out a company known for outstanding service, stringent security protocols, and a reliable betting platform. Furthermore, make sure that it is capable of managing the increased traffic during major sporting events. using a PPH solution is the optimal method to open a sports betting business. To find a good PPH Software, we recommend looking at sportsbook pay per head comparison sites to help you narrow down the list.

Steps on Becoming a Bookie and Opening a Sports Betting Business

1. Organize Your Betting Platform

The core of your sportsbook operation lies in your sports betting software platform. Collaborate with your pay per head provider to organize a platform that is user-friendly, dependable, and secure. It should provide a diverse selection of betting options for Olympic events and have the capacity to manage numerous transactions simultaneously. Conduct thorough testing of the platform before its launch to address any potential issues.

2. Establish Financial and Payment Methods

It is crucial to offer a range of financial and payment methods for the convenience of your players. This includes traditional methods like bank transfers and credit cards, as well as modern options such as e-wallets and cryptocurrencies. Form partnerships with reputable payment processors to ensure secure and efficient transactions. Stay informed about payment regulations to ensure compliance.

3. Promote Your Sportsbook

Marketing plays a key role in attracting and retaining customers. Develop a comprehensive marketing strategy that encompasses both online and offline channels. Utilize social media, search engine optimization, and potential partnerships with other businesses to promote your sportsbook. Offering promotions and bonuses for the Olympic Games can also help attract bettors. In some case, it may be a good idea to seek the help of a sportsbook consultant as it can simplify the process.

4.  Sustain Customer Support

Distinguishing your sportsbook from competitors can be achieved through exceptional customer support. Ensure that your support team is well-informed, approachable, and accessible through various channels such as phone, email, and live chat. Prompt and effective customer service is often a crucial element in retaining customers.

5. Monitor and Adapt Your Business

After launching your sportsbook, monitoring its performance is essential. Utilize data and analytics to monitor betting trends, customer behavior, and financial performance. Based on this information, be prepared to adapt your strategies and operations to ensure that your sportsbook remains competitive and profitable.

Choosing the Best Sportsbook for Baseball Season

Without a doubt, the Best Sportsbook for Baseball Season is imperative for anyone looking for a good baseball betting experience. This is because a good baseball sportsbook will not just offer bettors a wide range of wagers across different markets. No, they will also offer a safe and secure experience that is enjoyable and hopefully profitable!

As the baseball season is finally underway, it is important for gamblers to consider how the baseball season will unfold. This is especially true when it comes to Major League Baseball (MLB) as it is always full of surprises.

Therefore, now is the time to find an offshore sportsbook that can meet all of your needs. However, finding one can be a hard task if you do not know what you are looking for. Hence, this baseball betting tutorial will help you figure out what you need to look for in a quality bookmaker.

Features of the Best Sportsbook for Baseball Season

Early and Competitive Baseball Betting Odds

The first thing you want to look for in a sportsbook are the baseball betting odds. Smart gamblers look for a sportsbook like BetAnySports.eu that have early betting odds. This is because it allows gamblers to find betting odds that are more advantageous of have errors. Needless to say, finding a half point difference on a game can easily turn a loss into a win!

Baseball Live betting options - Today’s baseball gambling market, is no longer about straight bets and parlays. This is because sports bettors are looking for more baseball betting options for a more exciting experience. For baseball gamblers, this comes in the form the Baseball live betting options.

Baseball live betting options gives bettors the ability to bet on a baseball game as the action unfolds. It is a very popular options that the best sportsbook pay per head offer due to its popularity.

In fact, since the sportsbooks have to make these odds very fast, baseball live betting can be advantageous to the bettor. This is due to the sportsbook making errors and overestimating or underestimating teams by making the odds better for you.

Sportsbook Bonuses and Promotions – Find a sportsbook with great bonuses and promotions is one of the best winning betting strategies you can do. This is because it will increase your odds of making a profit by increasing your betting bankroll. This is because it gives players free money to wager or free bets for using their services. However, not all sportsbook bonuses and promotions are equal. And many have hidden rules.

Th best type of sportsbook bonuses to look for are cash bonuses with low rollovers. Unlike a free bet, when you rollover the cash bonus, you get the initial cash bonus and the winning from it. However, on a free bet, after you roll it over you only get the winnings from it. Thus, find sportsbooks that have cash bonuses.

Chan Yan Hung’s assets sold by Macau Court

Chan Yan Hung's assets sold by Macau Court in an effort to recover the stolen funds

The assets of former junket manager Chan Yan Hung, accused of embezzling nearly HKD100 million from a VIP room at L’Arc Macau in 2016, have been auctioned off by the Court of First Instance. This action is a significant move towards recovering the stolen funds.

Chan, who held the position of vice president of VIP operations at L’Arc Macau, allegedly embezzled almost HKD100 million from a VIP room in 2016 before disappearing without a trace.

The casino promptly reported the case to the Macau police, who investigated it as fraud but were unable to locate Chan.

To address the debts left behind by Chan, the Court of First Instance ruled in May 2021 that his wife would be jointly liable for HKD20 million of her husband’s debt. This is despite her having already filed an application for a division of property.

The court has now declared the sale of Chan's properties.

Ex-junket Manager, Chan Yan Hung’s assets sold by Macau Court

The Ocean Gardens properties, along with the parking space, were sold by the court for a total of nearly MOP8.6 million. Additionally, shares in three of Chan’s companies will also be sold, with the total value of the sale amounting to only MOP20,047.

The recovery of Chan’s assets represents a major milestone in the fight against embezzlement in Macau’s VIP rooms.

From 2014 to 2016, a number of cases involving the misappropriation of funds from VIP rooms were brought to light. Thus, underscoring the necessity for more stringent regulations.

Notably, in 2021, the Court of Final Appeal of Macau found Casino operator, Wynn Macau Ltd and Dore Entertainment Company Limited jointly responsible for stolen funds owed to a VIP customer.

These incidents have spurred Macau to introduce a new Gaming Law in 2023, imposing stricter regulations on junkets. The new laws prohibit junkets from entering revenue share contracts with concessionaires and from engaging in lending or borrowing money.

According to SportsbookPayPerHead.com, the auctioning of Chan Yan Hung’s assets by the Court of First Instance is a significant move towards recovering the nearly HKD100 million embezzled from L’Arc Macau’s VIP room in 2016.

The enactment of a new Gaming Law in 2023 by Macau, following the above case and similar incidents, imposes stricter restrictions on junkets. This includes prohibiting junkets from entering revenue share contracts with concessionaires and engaging in lending or borrowing money.

Recently, the appeal of former junket CEO Alvin Chau was rejected by Macau’s Court of Final Appeal. This article delves into the details of Alvin Chau’s case.

Discussions have also arisen regarding the future of the junket model, with MGM China’s COO Hubert Wang sharing his thoughts on the matter during an interview according to  iGamingDirect, a gambling industry news website.

How to Bet on Volleyball – A Beginners Guide to Volleyball Betting

 

Volleyball may not be the most popular sports in the world, but it does have a very large number of fans. In fact, it ranks 6 in terms of popularity with over 900 million fans from Asia, Europe, Americas and Australia. Therefore, volleyball betting is also popular amongst sports bettors around the word.  Thus, this tutorial will show you How to Bet on Volleyball the fast and easy way!

Fans who Bet on Volleyball will tell you that it is not difficult because the game itself is very simple.  In addition, volleyball betting is a favorite because there are volleyball matches all year long. Therefore, when there is nothing else to bet on, volleyball is always an option.

The Rules of Volleyball

Before we can begin to bet on volleyball, it is essential to first learn how the game is played. According to SportsBetting.ag, the primary objective of volleyball is to earn points. This is done by either capitalizing on the opposing team's mistakes or scoring through successful plays.

All variations of volleyball entail two teams and a net positioned at the center, which the teams must hit the ball over. The teams are positioned on opposite sides of the net, with players restricted to using their arms to hit the ball, preventing it from bouncing on the ground.

Matches progress through multiple sets, with each set concluding once a specific number of points is reached.

In indoor volleyball, the set is won by the first team to reach 25 points (with a two-point lead), whereas in beach volleyball, the target is 21 points. Another notable distinction is that indoor volleyball involves six players on each team, while beach volleyball is played with just two players per team.

The way for players and teams to earn points are thru the following means:

·         The ball rebounds in the court of the opposing team

·         The opposing team is unable to return the ball over the net

·         The opposing team hits the ball out of play

·         The opposing team makes more than three hits before sending the ball over the net

·         A player from the opposing team touches the net during the game

·         The foot of the opposing team's server crosses the boundary line while serving

·         A player from the opposing team catches the ball.

Learn How to Open a Sportsbook with the Sportsbook Pay Per Head Authority 

 

  How to Bet on Volleyball the Fast and Easy Way

There are many ways to bet on volleyball.  However, since this is a Beginners Guide to volleyball betting, we will go over the most popular ones.

Betting on the Volleyball Money Line – According to online sports betting websites, this type of bet is also known as Match Betting.  You are basically betting on who will win the match.  Of course, betting on a favorite will mean that you will have to risk more money to win less. 

Handicap Volleyball Betting – This is also known as spread betting which is when the sportsbooks give a handicap to the favorite team.  Thus, the favorite team needs to win the match by a certain number of points in order to win your bet.

For example, Team A is the favorite to win.  Therefore, the betting odds for Team A are -2.5.  This means that they must win by 2.5 points or more in order to win your bet.

Total Points Betting – This is where you predict how many points will be made during the duration of the game.  Bettors will bet that the final score will be over or under the sports betting odds made by the sportsbooks.

Correct Score – According to Pay Per Head Bookies, this is a sophisticated wager on the volleyball match outcome. In this type of bet, you predict the exact score of the match in terms of sets. For indoor volleyball, the scores can range from 3-0 to 3-2, regardless of whether the team is playing at home or away.

In beach volleyball, the scores can vary from 2-0 to 2-1, regardless of the team's location. While there may not always be a clear distinction between the home and away teams, they will be assigned to either the 1 or 2 category for the bet.

Bet on Volleyball Today with BetOnline.ag

Alexander Zverev defeats Ralph Nadal

 

For the second day of the 2024 French Open tennis betting fans have been brimming with excitement. This is because so far, there has been a lot of upsets with lots of favorite losing and winning their matches. Earlier today, we got to see one as Alexander Zverev defeats Ralph Nadal in the first round of the tournament.

Even though Nadal was the underdog, this did not stop several gamblers from taking a risk at a +290 money line. However, this time around it did not pay off. Alexander Zverev weathered a mid-match storm from 14-time champion Rafael Nadal Monday to win their first-round Roland Garros blockbuster 6-3, 7-6(4), 6-3. While most tennis betting tips were suggesting betting on Zverer, the crowd was in Nadal’s corner.

Nadal showcased glimpses of his vintage top-tier tennis, particularly with his signature forehand passing shot. However, Zverev's powerful serve, aggressive forehand, and composure under pressure ultimately proved insurmountable after a grueling three-hour and five-minute battle.

Upon reflecting on the match, Zverev expressed his gratitude to Nadal in his on-court interview, acknowledging the honor of competing against such a tennis legend. Despite the outcome, Zverev humbly credited Nadal for his exceptional performance and the opportunity to face him on the prestigious court. Today, Zverev recognized that the spotlight belonged to Nadal, emphasizing his respect and appreciation for the tennis icon.

From the moment the draw was announced, anticipation for this highly-anticipated clash at Roland Garros intensified. This rematch of their previous semi-final encounter two years ago captivated tennis enthusiasts, as they recalled the intense battle that lasted over three hours before Zverev was unfortunately sidelined by a severe ankle injury.

Alexander Zverev defeats Ralph Nadal - 6-3, 7-6(4), 6-3

According to tennis news, this is the  first time that Rafael Nadal lost in the first round of the French Open. Rafael Nadal's bid for the men's singles French Open title was cut short in the opening round when he was defeated by Alexander Zverev in straight sets on Monday.

There was an abundance of anticipation for the match as Novak Djokovic, Carlos Alcaraz, and WTA No. 1 Iga Swiatek were all seated in the stands to witness the action. The competition was fiercely contested for a straight-sets match, with every moment where Nadal appeared to gain momentum, Zverev had a response to regain control.

Throughout the match, Nadal delivered scorching forehand passing shots on multiple occasions and excited the spectators with vigorous fist pumps in an attempt to regain control. However, a poorly executed drop shot in the second-set tie-break proved to be pivotal. Once Zverev secured a two-set advantage, the task ahead seemed like a daunting challenge for Nadal.

Zverev became only the third player to defeat Nadal at Roland Garros, alongside Djokovic (2) and Robin Soderling. Following just the third first-round loss at a Grand Slam in his illustrious career, Nadal's record at the clay-court major now stands at 112-4. After Zverev's on-court interview, Nadal was given the opportunity to address the Parisian crowd.

"It's challenging for me to express myself. I'm not certain if this will be the last time I stand in front of all of you, to be honest," Nadal stated. "I'm not completely sure, but if it is the last time, I have cherished every moment. The crowd has been incredible throughout the entire week of preparation, and the emotions I am feeling today are indescribable. It is truly special for me to feel the love of the people in the place that I hold dearest."