• bet365 is currently offering winner bonuses on pre-game NFL, NCAAF, NBA, NCAAB and MLB wagers. This is available on the following markets: Spread/Run Line, Game Totals, First-Half Point Spread, Second-Half Point Spread, First-Half Totals and Second-Half Totals.

    Place a pre-game parlay of 2 or more selections combining teams in any of these competitions and if successful you will receive the following bonuses to your winnings:

    Bonus Bet Type
    Doubles 5% bonus
    Trebles 7.5% bonus
    4-folds 10% bonus
    5-folds 15% bonus
    6-folds 20% bonus
    7-folds 25% bonus
    8-folds 30% bonus
    9-folds 35% bonus
    10-folds 40% bonus
    11-folds 45% bonus
    12-folds and upwards 50% bonus

     

    About Parlay / Multi Betting / Accumulators

     

    For those of you who aren’t familiar with parlay betting, “a parlay or accumulator is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much higher. If any of the bets in the parlay loses, the entire parlay loses. If any of the plays in the parlay ties, or “pushes”, the parlay reverts to a lower number of teams with the odds reducing accordingly” (Wikipedia).

    As an example, for following English Premier League fixtures with the odds:

    Everton vs Stoke City: Everton (1.55), Draw (3.70), Stoke City (6.50)
    Arsenal vs West Ham: Arsenal (1.16), Draw (7.00), West Ham (16.00)
    Blackburn vs Chelsea: Blackburn (8.00), Draw (4.10), Chelsea (1.44)

    Suppose you believe Everton and Stoke City will draw, while Arsenal and Chelsea will both win. If you bet $10 on each outcome, and all three wagers won, you would win: $27.00 + $1.60 + $4.40 = $33 in profit

    If, however you placed a $30 multibet using the three events instead, you would have odds of 3.70×1.16×1.44 = 6.18048.

    If all three predictions came true, you would win $30x(6.18048 – 1) = $155.41 in profit. This is substantially more than had you made three individual bets of $10, but this type of bet is substantially more risky, because if you got, say, the Everton vs Stoke City result wrong, you would lose $30, while you would have only lost $4 had you made individual bets.

    One key aspect of mult betting is that, 99.99% of the time, you cannot create multibets using betting selections from the same sporting event. For example, you can’t combine a multibet on Chelsea to win and Drogba to score. You can only combine bets that are completely independent.

    Another feature of multi betting is the bookmaker’s margin increases as you add more events to your multibet. For this reason, bookmakers are very keen to offer them to you, despite the huge windfalls you can potentially gain if you win. Many bookmakers are quick to publish stories of winners to encourage others. For example “bet365 customer Cory K, from Canada, recently … placed a $100 12-fold on American Football, which won him $199,306. Thanks to our 50% Parlay Bonus, he received a massive $99,603 on top of his original winnings!”

    If you have a go at parlay betting yourself, I recommend taking a conservative approach. If you create a multibet with a staggering potential profit, with odds of 200+, I recommend betting $1 on that bet, rather than $10, $100, etc. It’s very easy to get carried away with potential winnings, whilst forgetting the probabilities. Many parlay betters have stories of “if only this one event had gone my way, I would have won huge…”

    One way in which I have successfully employed multi betting is to find a low odds outcome (1.01, 1.05, etc) that I feel very confident in, and combine it with other bets to create a series of paired events (doubles). This provides an odds boost to my other bets. Obviously, if your low odds bet loses, then you will lose every bet that was paired with it.

  • With the Caulfield Cup tomorrow, many Australian bookmakers are pushing promotions to encourage betting activity. Below is a selection of the available promotions.

    • Centrebet
      • Back Faint Perfume OR Dariana (you get both) to win the Caulfield Cup for $7.00
      • You can have Herculian Prince & Descarado (you get both) to win the Caulfield Cup for a combined $7.00
      • You can have Metal Bender & Triple Honour to win the Cup at a combined price of $7.00
    • IASbet
      • Place a win only (CITY SuperPrice) bet on Shocking in the Caulfield Cup and if he runs 2nd in the race, they’ll refund your bet up to $200
      • No margins will be added to the odds for selected races each Saturday between 11:00 AM and 12:00 PM AEDST
      • Every Saturday IASbet offers a 10% bonus on Doubles, Trebles and Quaddie winnings at selected venues
    • Luxbet
      • Existing members can deposit $30 or more with the promo code Bonus50 to receive a 100% bonus bet up to $50
      • New members receive a $100 Bonus Bet when making a first deposit of $25 or more using promo code Bonus100
      • Tote + 20% is available on all Melbourne Group Races during the Spring Carnival. Place a minimum $5 WIN bet on the Tote + 5% option and if your runner wins, you’ll receive an additional 15% Home Tote Bonus as an Account Top-Up, of up to $500 per race. The maximum Bonus Account Top-Up per week is $2,000.
    • Sportingbet
      • New members can deposit $30 to receive a $100 free bet
      • Make at least a $10 Maxidiv bet on Alcopop in the Caulfield Cup, and if he wins, you will receive a 25% Maxidiv Winners Bonus on top of your winnings
      • Sportingbet will guarantees the Best Tote Price on your Quaddie. Take a Quaddie at Caulfield on Saturday 16th October and they will result the Quaddies at highest price of the three totes, so no matter which tote you choose, you are guaranteed the best price on your winning Quaddie.
      • Sportingbet is offering a Melbourne Cup Free Bet to members who have a Caulfield Cup – Melbourne Cup Double up to $100. Simply have a min $10 bet on the Caulfield Cup – Melbourne Cup Double market and we will give you a Free Bet on the Melbourne Cup All-In Market equal to your stake up to $100.
    • Sportsbet
      • New members can receive a free bet up to the value of 20% of your initial deposit of up to $500.
      • This Saturday early bird punters will get receive a 20% bonus on the Caulfield Cup. Back a horse to Win or Each Way, and if your horse wins, you’ll receive a 20% bonus to your win dividend to a maximum of $100 cash. This applies to your first bet made between 11am-12pm AEDST on Saturday.
  • With the 2010 Delhi Commonwealth Games on this month, I thought I’d survey the betting options for the event.

    It’s always worth looking into non-mainstream betting events, because while you’ll be new to it, so will be the bookmakers! A classic example is Miss World/Universe pageants. There’s often a huge disparity in odds around the world, with no one really knowing what the true probabilities are. It’s in these circumstances that good value can be found. That is, if you’re willing to put the effort in and do the research. Remember, bookmakers provide odds (and often live odds as well) for many sports. All you have to do is be a specialist in one. While the Commonwealth Games features events that bookmakers will have experience in thanks to the Olympics, the level of play will be at a lower level in those events that are usually dominated by non-Commonwealth countries. This can make setting odds a bit more tricky.

    Below are some of the offerings by each bookmaker at the time of writing. Obviously, the offerings will change as the Games progress, but this is to give you an idea of which bookmakers are providing the most betting markets.

    Bet 365
    I couldn’t find anything

    Betfair
    Archery, netball, swimming, weightlifting, hockey. Note that some of these markets are very thinly traded.

    Canbet
    I couldn’t find anything

    Centrebet
    Field hockey, netball, swimming, tennis

    IASbet
    I couldn’t find anything

    Luxbet
    Field hockey, netball, swimming

    Pinnacle Sports
    I couldn’t find anything

    Sportingbet
    Field hockey, netball, swimming, rugby sevens

    Sports Alive
    Netball, tennis, field hockey, rugby sevens, swimming. They also list events by date. So you can view all sporting markets for tomorrow, for example.

    Sportsbet
    Artistic gymnastics, field hockey, netball, rugby sevens, swimming

    TAB Sportsbet
    Hockey, netball, swimming

    William Hill
    I couldn’t find anything

    All in all, the international bookmakers seem reluctant to step out of their comfort zone and offer Commonwealth Games betting, which is disappointing. I’m also underwhelmed by the local content. At the time of writing, I couldn’t find any medals tally markets. I would have fancied some handicap betting on this. Perhaps over the next week or so the offerings will improve.

PinnacleSports.com Online Sports Betting
  • The following is a review of the betting agency IASbet. I will update this review periodically to keep the details up to date. You can view other agencies that support Australian dollars here. You can view a list of other international bookmakers here.

    IASbet is owned Sportsbet, which is a well known brand for Internet betting in Australia. IASbet is marketed as having low bookmaking margins, which equates to good odds for punters.

    • New member offers – IASbet currently offers the following coupons:
      Code: FREEBET for $100 free bet (min $50 deposit)
      Code: PLAYER for 20% deposit bonus up to $200 (min $150 deposit)
      Code: HIGHROLLER for 15% deposit bonus up to $1,000 (min $2,000 deposit)
    • Deposit options – Credit card, POLi, NETeller, EntroPay, Moneybookers, BPAY, bank transfer, cheque
    • Withdrawal options – Credit card, NETeller, Moneybookers, bank transfer
    • Transaction fees – none for Australian users
    • Currencies supported – AUD, CAD, CHF, EUR, GBP, HKD, IDR, MYR, NZD, RMB, SGD, THB, USD, ZAR
    • Minimum bet – $1
    • Turnover requirements – 1x, or 2x-4x if bonus funds were awarded with the deposit
    • Betting Markets / Options – a good selection of sporting markets is available, which is likely to meet the needs of most punters. The selection isn’t as deep as some of its competitors, however. I recommend browsing through the betting selection to see if it suits the sports you follow.
    • Live betting – Live ‘in-play’ betting during popular fixtures is available over the phone
    • Credit facilities – credit facilities are available from $200 upwards
    • Restricted countries – IASbet does not accept new account registrations from residents of Argentina, Armenia, Azerbaijan, Belarus, Bosnia, Bulgaria, China, Congo Republic, Costa Rica, Croatia, Denmark, Estonia, Georgia, Hong Kong, Hungary, India, Indonesia, Iran, Israel, Jamaica, Japan, Kazakhstan, Korea, Kyrgyzstan, Latvia, Lithuania, Macedonia, Malaysia, Moldova, Montenegro, Nigeria, Pakistan, Poland, Portugal, Romania, Russia, Serbia, Seychelles, Slovakia, Slovenia, Sri Lanka, Swaziland, Taiwan, Tajikistan, Thailand, Turkey, Turkmenistan, Ukraine, Vietnam, United States of America, United States Minor Outlying Islands, Uzbekistan, Wallis and Futuna, Yugoslavia and Zimbabwe
    • Upsides
      • Australian Residents can verify their identity online in minutes. This avoids the hassle of obtaining certified copies of identity documents.
      • The navigation menu is simple. The betting interface is functional and intuitive.
      • Good deposit bonus offer for high rollers.
    • Downsides
      • Doesn’t offer any extra services like some other bookmakers. For example there are no video feeds, casino games, etc.
      • The betting selection isn’t as large as some competitors.
    • Bottom line – the more I use IASbet, the more I like it. It doesn’t offer any fancy extras, but it does the important things well. It provides a sound navigation system, competitive odds, and a good selection of sports markets. High rollers will appreciate the $1,000 sign up bonus, and the online identity check is a fantastic feature.
  • Sportsbet has launched a Grand Final tipping competition with $20,000 in cash prizes to be won.

    Entry is free, and you can participate in the AFL and/or NRL competitions. Simply visit the website and submit your tips for:
    – Grand Final Winner and Winning Margin
    – First Goal/Try Scorer
    – Norm Smith/Clive Churchill Medal
    – Total Combined Match Points

    The AFL and NRL “Tip & Wins” are separate competitions. If your predictions score the most points in any respective Grand Final, you will win $10,000 in cash. Members are not obliged to place wagers to be eligible to enter the Tip & Win competitions.

    Click here to place your tips.

  • The following is a review of the betting agency TAB Sportsbet. I will update this review periodically to keep the details up to date. You can view other agencies that support Australian dollars here. You can view a list of other international bookmakers here.

    TAB Sportsbet is owned and operated by Tabcorp Holdings, which is a well known brand in Australia for gaming and wagering. Visitors to the website must choose whether to be directed to the New South Wales (NSW) or Victoria sports betting site, because the company is licensed in both states. If you aren’t from either state, just pick one at random. The odds and features appear to be identical between the NSW and Victoria sites.

    • New member offers – None. Presumably because it’s such a well known brand, with retail outlets in NSW and Victoria, TAB Sportsbet has chosen not to offer new member deals.
    • Deposit options – Credit card, TAB Retail Outlets, Cheque, Money Order, BPAY, Electronic Funds Transfer, Australia Post Bank
    • Withdrawal options – Electronic Funds Transfer, Cheque, TAB Retail Outlets, Australia Post Bank
    • Transaction fees – none for Australian users
    • Currencies supported – AUD, GBP, JPY, HKD, EUR, USD
    • Minimum bet – $1
    • Turnover requirements – none that I’m aware of
    • Betting Markets / Options – the selection of betting markets is more than enough for most punters needs. They provide a good array of bet types for popular sporting fixtures.
    • Live betting – Live ‘in-play’ betting during popular fixtures is available by phone and through their retail outlets in NSW and Victoria
    • Credit facilities – Not that I’m aware of
    • Restricted countries – TAB Sportsbet is not available to residents of the United States, U.S. Virgin Islands, Netherlands, Dutch Antilles, Hong Kong, Germany, Turkey, Denmark and Hungary
    • Upsides
      • Backed by a well known and trusted brand
      • Simple and intuitive website layout
      • An iPhone app is available for mobile betting by iPhone owners
      • Members can access SKY Racing Live Video
      • Residents of NSW and Victoria can place bets at their retail outlets
    • Downsides
      • There are fees galore for phone betting
      • The odds aren’t as competitive as most other services
      • There are no new member offers
      • The sports betting market navigation can be frustrating at times. For example you can’t view head-to-head odds for all baseball games of the day at once.
    • Bottom line – due the strong market share it enjoys through its retail outlets, TAB Sportsbet doesn’t have to be as competitive or innovative as its rivals, and this shows in its sports betting service. Having said that, the website offers a great selection of sporting markets, and a more than adequate range of deposit and withdrawal methods for Australian punters. Residents of NSW and Victoria will also appreciate the access to retail outlets that comes with membership. Interestingly, the owning company, Tabcorp Holdings, launched the rival service Luxbet in 2008. If you want a service that is backed by a large company, but offers more competitive member offers and odds, you may want to consider Luxbet instead. One last point of interest is that I have often found TAB Sportsbet’s odds to vary substantially from other bookmakers. So despite their higher margins, you can sometimes find the best value by using TAB Sportsbet to back a specific outcome. For this reason, serious sports betting enthusiasts should consider adding this service to their portfolio of memberships.
  • Australian bookmakers have again broached the subject of permitting online sports betting during live events. As is stands, Australian bookmakers can only accept bets on fixtures in progress over the phone and through retail outlets. This contrasts with Europe, where users can place bets online during matches. Australian bookmakers are, however, permitted to offer live online betting to non-Australian residents.

    At the end of August, leading bookmakers called on the federal government to rewrite laws concerning live sports betting on the Internet. Betfair CEO, Andrew Twaits, said “with vastly improved technology, why is there a distinction between betting on the phone and the internet?” “It makes a mockery of the law.”

    Sportsbet CEO, Matt Tripp, said the Productivity Commission’s draft recommendation last year did not have a problem with live online betting. He argues, “it just appears to be an anomaly in the Act and an oversight.”

    Personally, I have never bothered to bet live over the phone, because by the time you’ve made a decision and get through to the bookmaker, the odds and events have changed.

    From a punter’s perspective, the current ban isn’t a huge deal, because you can simply sign up with an international agency like bet365 and bet live online with them. The fact that we can do this underlines how flawed the current legislation is.

    Live online betting is huge in Europe. According to Betfair, live betting accounts for 90% of wagers on cricket, tennis and soccer. Hence it’s no surprise that the Australian bookmakers are again making noise about the issue. It is, however, interesting that bookmakers are willing to broach the issue in the midst of the NRL and cricket betting scandals. There’s negative sentiment in the air regarding sports betting in Australia, so I think it’s a bold move to request greater freedoms in the midst of this bad publicity.

    Sources:
    The Australian – Betting operators call for law change
    The Age – Live betting is on the cards

  • The following is a review of the betting agency Pinnacle Sports. I will update this review periodically to keep the details up to date. You can view other agencies that support Australian dollars here. You can view a list of other international bookmakers here.

    Pinnacle Sports is licensed by the Government of the Netherlands Antilles, on the island of Curacao. With customers from over 100 countries, it is regarded as a truly international bookmaker. I hadn’t reviewed Pinnacle Sports before now, because I had wrongly presumed that it didn’t support Australian dollar accounts. Not only does it accept Australian dollars, but it also accepts POLi as a deposit method for Australian bank accounts. This enables you to avoid the hassle of sending them signed copies of your credit card after making a deposit.

    The main feature of Pinnacle Sports, which separates it from its competitors, is its reduced margin-pricing model. Pinnacle Sports claims to offer 60% better odds than other bookmakers. For example, Pinnacle Sports offers between 1.95 and 1.96 handicap odds, while most Australian bookmakers offer 1.91 handicap odds. Its profit is derived from lower margins but a far higher turnover.

    • New member offers – Pinnacle Sports takes the unique strategy of not offering any new player bonuses. They claim to be the first bookmaker to introduce a reduced margin-pricing model, guaranteeing the best value. According to their website, “we think you will find that the long-term savings that our odds provide, will represent far better value than any bonus, or other sign-up incentive that can be offered by any competitor.”
    • Deposit options – Bank Wire Transfer, Cashier’s Cheque, ClickandBuy, Credit Card, Delta Debit Cards, EntroPay, InstaDebit transfer, Moneta, Moneybookers, Neteller, POLi, Przelewy24, Sofortüberweisung, Visa Electron, WebMoney
    • Withdrawal options – Bank Wire Transfer, ClickandBuy, Credit Card, Delta Debit Cards, EntroPay, InstaDebit, Moneybookers, Neteller, Visa Electron, WebMoney
    • Transaction fees – members receive one free withdrawal per calendar month. All additional withdrawals during the calendar month, for any amount using any withdrawal method, incur a fee.
    • Currencies supported – AUD, CAD, CZK, DKK, EUR, GBP, HKD, JPY, MYR, NOK, NZD, PLN, RMB, SEK, SGD, THB, TWD, USD
    • Minimum bet – $1 USD or the equivalent in your local currency
    • Turnover requirements – none that I’m aware of
    • Betting Markets / Options – the sports betting selection is average for the industry. The likes of bet365, Betfair and William Hill offer a better selection, but I’ve seen far worse. The football (soccer) selection is comprehensive, which is to be expected. The NRL and AFL betting is very basic, even in the midst of the AFL and NRL Finals. If Australian sports are your thing, I recommend an Australian bookmaker instead. Pinnacle Sports offers poker and casino games in addition to its sports betting services.
    • Live betting – Live ‘in-play’ betting during popular fixtures is available
    • Credit facilities – Not that I’m aware of
    • Restricted countries – Pinnacle Sports is not available to residents of the United States
    • Upsides
      • The array of deposit and withdrawal options is fantastic. POLi is available for Australian users
      • The range of accepted currencies is as good as you’ll ever see
      • The margins genuinely are narrower than its competitors. Most Australian bookmakers offer 1.91 handicap odds, while Pinnacle Sports offers between 1.95 and 1.96 handicap odds.
      • Poker and casino games are offered on top of the sports betting service
      • The help section is very good
      • As far as I’m aware, there aren’t any turnover requirements before withdrawing funds
      • According to its website, “Pinnacle Sports offers the highest maximum limits for Internet betting in the industry.” One interesting feature is, when you move your cursor over a betting option, the website displays the maximum bet they will accept on that outcome. This saves you the hassle of inputting a wager only to be turned down when you try to submit it.
    • Downsides
      • The betting selection for Australian sports is limited
      • The minimum deposit of $30 AUD is higher than at most other bookmakers
      • The sports betting interface is very basic, although it is intuitive. The website looks like it hasn’t been renovated in ten years.
    • Bottom line – Pinnacle Sports has gone to great lengths to distinguish itself as having narrower margins than its competitors. Based on my own experience, I have found this claim to be valid. For this reason alone, this is a fantastic service. Pinnacle Sports is truly an international bookmaker. Its wide selection of account currencies and deposit methods is a huge draw card for its customers from over 100 countries. The service is backed by a large company, and many punters will appreciate the access to poker and casino games on top of the sports betting lineup. One of the key drawbacks for Pinnacle Sports is its weak sporting selection for Australian punters. If you’re into soccer and American sports, however, this won’t be an issue. Another feature that lets Pinnacle Sports down is its interface. While it certainly does the job, the website looks like its design hasn’t been updated in years. Overall, for the fact that its odds genuinely are better than its competitors, I recommend adding Pinnacle Sports to your list of bookmaker accounts.
  • Luxbet has launched a 2.00 lines & handicaps promotion for the AFL and NRL finals.

    The “$2 LuxLine” is exclusive to the Finals. Due to the generosity of the offer, Luxbet limits bets to a maximum $250. The 2.00 odds apply to bets placed in the hour before each match.

    If you’re new to sports betting, lines bets are designed to have a 50% chance of winning. They are created by adding a pre-determined number of points to the underdog’s final score (which corresponds to subtracting points from the favourite’s score). As an example, for the Friday fixture between Brisbane and Canberra, the head to head odds are:

         Brisbane: 2.50
         Canberra: 1.55

    This means the bookmaker believes there’s a higher chance of Canberra winning. The corresponding lines bets are:

         Brisbane +5.5: 1.91
         Canberra -5.5: 1.91

    At the end of the game Luxbet adds 5.5 to Brisbane’s score and then compares it to Canberra’s score. So if the final score is 18 – 23, the Brisbane bet would win because the line bet final score would be 23.5 – 23. Alternatively, if Brisbane loses by 6 or more, then the Canberra bet wins.

    With a 50% probability of winning, these line bets usually have odds between 1.90 and 1.95, which is how the bookmaker makes its money. For example, suppose $10,000 of bets were placed on Brisbane, and $10,000 on Canberra. If the Brisbane bet won and the odds were 1.91, the bookmaker would pay $9,100 in profits to the winners, and keep the $10,000 from the losers. This nets the bookmaker $900 in profit.

    Because of these odds, you should only bet on an outcome if you believe its probability of occurrence is 1/1.91 = 52.36%, otherwise your expected return will be less than your bet amount.

    With the Luxbet 2.00 odds promotion, the game is actually fair! There’s no bookmaker margin, so you have a 50% chance of doubling your money.

    I’ve personally never seen a promotion like this before, so if you’re into line betting, and you follow the NRL and/or AFL, then this is a great opportunity to make some money. Even if you don’t know anything about either sport, with the 2.00 odds, if you chose blindly, you would expect to break even.

    If you don’t have an account with Luxbet, you can pick up a $100 Bonus Bet when you make a first deposit. To take up this offer, enter the promo code FREEBET1 at the deposit screen.

    Good luck, and enjoy the finals!

Bet with the Best!
  • With the Australian Federal election tomorrow, now is your final chance to place your bets!

    Below are some of the latest odds. Please note that these odds could change quickly and radically. These odds are accurate as of 5:17 PM on August 20th. Also, as a warning, Sportsbet currently offers odds on who will be PM at the 2013 Federal Election, which some punters may misinterpret as the winner of the 2010 election. These bets won’t pay out for years!

    Note that an arbitrage opportunity exists! Provided the odds don’t move, you can profit by betting against a hung parliament with Centrebet and for a hung parliament with Sportingbet. Remember, an arbitrage opportunity exists whenever the reciprocals of the odds sum to less than one. In this case 1/3.00 + 1/1.64 = 0.943. Use the arbitrage calculator to calculate your strategy. Note that you are exposed to some risk, because a bookmaker may reject your bet or change the odds after you have placed a bet with the other agency. Update: Sportingbet has shortened its odds, but the arbitrage opportunity still exists, so you better be quick!

    Australian Federal Election – Winner

      Labor Party     Coalition
    Sportsbet 1.45 2.75 (any other party)
    Sportingbet 1.48 2.60
    Centrebet 1.48 2.62
    Luxbet 1.50 2.55
    Sports Alive     1.48 2.60
    IASbet 1.45 2.75 (any other party)

     

    Hung Parliament

      Yes No
    Sportsbet 2.90 1.37
    Sportingbet 3.00 1.35
    Centrebet 2.15     1.64
    Luxbet N/A N/A
    Sports Alive      N/A N/A
    IASbet N/A N/A

     

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