Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Once you are
on the sportsbook’s mailing list, however, you may start to get bonus offers in your email or home mailbox. A significant amount of bonus money can be made by opening accounts at many different sportsbooks and getting the bonus payoffs. Frequently only the first deposit receives a bonus. If you do not have enough money to receive the maximum bonus, you may want to delay
opening an account at that sportsbook. For example, if you can get a 10 percent bonus on a deposit of up to $1000, and you will get a bonus on
only your initial deposit, you may want to wait to sign up until you can deposit the full $1000. A common practice of Internet sportsbooks is to require the money to be wagered a certain number of times to qualify for a bonus. The
requirements can vary from one time to t

CURRENT SUMMARY:
Once you are
on the sportsbook’s mailing list, however, you may start to get bonus offers in your email or home mailbox. A significant amount of bonus money can be made by opening accounts at many different sportsbooks and getting the bonus payoffs.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
A common requirement is for you to make bets of at least three times the deposit. If
you deposit $1000 and receive your $200 bonus, you may not cash out until you have made at least $3000 in wagers. Another common practice is to require the money to remain in the account for a certain length of time, usually one month, to qualify for a
bonus. If you do not bet enough or do not leave your money on deposit long enough, you will not receive the bonus. You can find out the requirements prior to depositing any money. Do not give the impression of signing up just for the bonuses. If you win money from the sportsbook, you might be identified as a less-thandesirable customer. You don’t want to also be identified as a bonus hustler. You don’t want that sportsbook to refuse your future bets. Take as

CURRENT SUMMARY:
A common requirement is for you to make bets of at least three times the deposit. If
you deposit $1000 and receive your $200 bonus, you may not cash out until you have made at least $3000 in wagers.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Take as
much bonus money as you can, but do so in a manner such that anyone scrutinizing your account will not think you are abusing the bonuses. Tips on accomplishing this are presented later in this chapter. Referral Bonuses
Most sportsbooks will give 10 to 20 percent of your initial deposit as a bonus to someone who referred you. If you want to take advantage of
this bonus but don’t know anyone else who bets sports online, then visit some sports-betting-discussion sites online and make some contacts. You might be able to find someone who will split the referral bonus with you 50/50. What happens with referral bonuses is Person X tells you about a sportsbook website. You open an account, and when they ask, “How did
you hear about us?” you type in or click on “friend.” You then must send

CURRENT SUMMARY:
Take as
much bonus money as you can, but do so in a manner such that anyone scrutinizing your account will not think you are abusing the bonuses. Tips on accomplishing this are presented later in this chapter.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
You open an account, and when they ask, “How did
you hear about us?” you type in or click on “friend.” You then must send an email to that sportsbook’s customer-service department giving Person
X’s customer ID number for that website. If the sportsbook has a 10 percent referral bonus, which is most common, and you deposit $1000, $100
will be added to Person X’s account. If the sportsbook offers both a 10 percent referral bonus and a 20 percent deposit bonus, then a total of
$3000 in bonus money is given out for a $10,000 deposit. Running an Internet sportsbook must be awfully lucrative. One problem with having a referral is that it ties you to the other person in the sportsbook’s computer. People have been banned from
particular sportsbooks due to winning too much money. If the person who

CURRENT SUMMARY:
You open an account, and when they ask, “How did
you hear about us?” you type in or click on “friend.” You then must send an email to that sportsbook’s customer-service department giving Person
X’s customer ID number for that website. If the sportsbook has a 10 percent referral bonus, which is most common, and you deposit $1000, $100
will be added to Person X’s account.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If the person who received a bonus for referring you is subsequently banned for winning
too much money, then you may find yourself unwelcome at that sportsbook as well. Eddie Dingle says: “It’s generally a good idea for professional/winning sports bettors to not worry about referrals, unless it’s at a rock-solid
book like The Greek.”
Match-Play Bonuses
Not all bonuses are identical; you can find out the type of bonus you are to receive beforehand. Some sportsbooks offer so-called “matchplay bonuses” rather than simply adding the bonus cash to your regular account. What Internet sportsbooks call a match-play bonus is money that
is deposited into a account separate from your regular account. The match-play money can be wagered once only, win or lose. Winnings from
match-play bets go into you

CURRENT SUMMARY:
If the person who received a bonus for referring you is subsequently banned for winning
too much money, then you may find yourself unwelcome at that sportsbook as well. Eddie Dingle says: “It’s generally a good idea for professional/winning sports bettors to not worry about referrals, unless it’s at a rock-solid
book like The Greek.”
Match-Play Bonuses
Not all bonuses are identical; you can find o

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, let's tackle this step by step. The user is asking me to refine a knowledge card for a sports betting document based on a specific excerpt. The excerpt provided discusses referral bonuses and


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
On ties, the match-play bet is
returned to the match-play account to be bet again. What Internet sportsbooks call match-play money is not the same thing as what land-based casinos call match play in that Internet
sportsbooks do not require you to match the match-play money with real money. Here’s how the match-play system works at most places. Let’s say you find a sportsbook that offers a 25 percent match-play bonus on a
$1000 deposit. Once your deposit is made, you must wager a certain number of times your deposit (1X, 2X, 3X, 5X, etc.) and then you will receive
the match-play money, which in this case would be $250. (Non-match-play bonus money is generally added first, but cannot be withdrawn until
the required wagering is done, while match-play bonus money is not normally added until af

CURRENT SUMMARY:
On ties, the match-play bet is
returned to the match-play account to be bet again. What Internet sportsbooks call match-play money is not the same thing as what land-based casinos call match play in that Internet
sportsbooks do not require you to match the match-play money with real money.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Once your deposit is made, you must wager a certain number of times your deposit (1X, 2X, 3X, 5X, etc.) and then you will receive
the match-play money, which in this case would be $250. (Non-match-play bonus money is generally added first, but cannot be withdrawn until
the required wagering is done, while match-play bonus money is not normally added until after you have made the required amount of wagering. This is not set in stone, however, and you should check with the sportsbook and know up-front its particular guidelines.) You now have a new
“bonus” account with $250 in it and let’s say that after all the wagering you did, you now have $1400 in your “real” account. You now want to use your match-play bonus money, so you wager $110 on Green Bay +3, for example. If Green Bay covers, then

CURRENT SUMMARY:
Once your deposit is made, you must wager a certain number of times your deposit (1X, 2X, 3X, 5X, etc.) and then you will receive
the match-play money, which in this case would be $250. (Non-match-play bonus money is generally added first, but cannot be withdrawn until
the required wagering is done, while match-play bonus money is not normally added until after you have made the required amount of

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If Green Bay covers, then your new
“real account” will now have $1500 in it and your match-play account will have $140. If Green Bay does not cover, then your “real account” will
remain unchanged at $1,400 but you will have lost $110 from your match-play account and will be left with the same $140 as if you had won. If
Green Bay loses the game by exactly 3 points, both your “real account” and bonus account will remain unchanged at their respective $1400 and
$250 amounts. (Again, these policies could vary.)
It is clear to see that match-play money bonuses are not as valuable as real-money bonuses, dollar per dollar. If one place is offering a 20
percent money bonus, and the other is offering a 20 percent match-play bonus, your profit is greater on the former. Betting match-play money on a -

CURRENT SUMMARY:
If Green Bay covers, then your new
“real account” will now have $1500 in it and your match-play account will have $140. If Green Bay does not cover, then your “real account” will
remain unchanged at $1,400 but you will have lost $110 from your match-play account and will be left with the same $140 as if you had won.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
The next section is a tip on how to squeeze
the most value out of match-play bonus money. You might make at least one phone call to an Internet sportsbook prior to making your first deposit. Generally you can open the account (with
no funds) and then call. Ask the sportsbook what kind of bonuses are offered, and what they are worth. Get all the details and write them down. Talking to someone on the phone solidifies things for you. You can ask for and write down the name of the person you are speaking to. Bonus For One Bet Only
You might encounter a bonus that can be bet once only. Winnings are credited to your account, but you cannot rebet the bonus. The bonus is
good for one bet, win or lose, after which it disappears. If a bonus is good for one bet only, win or lose, then you are better

CURRENT SUMMARY:
The next section is a tip on how to squeeze
the most value out of match-play bonus money. You might make at least one phone call to an Internet sportsbook prior to making your first deposit.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Of course first read the terms to be sure the amount you win is not restricted, for example to even-money payoffs. In a casino, for example, a bet-once-only coupon is much more valuable when bet at 35:1 on one number straight up at roulette than on an
even-money bet at craps or blackjack. Bet one number straight up per spin to get 92 cents of value from the average bet-once-only bonus dollar,
compared to 49 cents of value at an even-money wager. The most profitable use of a bet-once-only bonus in a sportsbook is a three-team parlay. The problem with parlays involving more than three
teams is the higher vig offsets the value of a higher winning payoff. The higher vig built into futures bets, particularly long shots, is also why they
are inferior to three-team parlays. On three-team parlays

CURRENT SUMMARY:
Of course first read the terms to be sure the amount you win is not restricted, for example to even-money payoffs. In a casino, for example, a bet-once-only coupon is much more valuable when bet at 35:1 on one number straight up at roulette than on an
even-money bet at craps or blackjack.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
On three-team parlays with coin-flip picks, a bet-once-only bonus is worth 75% of face value. Compare that to the 48% of face value a betonce-only bonus is worth on a straight bet to understand why I recommend three-team parlays. Affiliate Bonuses
If you run a non-US website and would not mind displaying gambling ads on it, ads for Internet casinos and sportsbooks can be profitable. The UIGEA dried up Internet-casino ad opportunities for US websites. Many sportsbooks offer affiliate programs; the website owner gets a percentage of the deposits or net losses of customers signing up through
links on the website. There is nothing stopping you from receiving the benefit of clicking on an ad on your own website, but Bill Haywood, author of
BeatWebCasinos.com, cautions against it; see his words

CURRENT SUMMARY:
On three-team parlays with coin-flip picks, a bet-once-only bonus is worth 75% of face value. Compare that to the 48% of face value a betonce-only bonus is worth on a straight bet to understand why I recommend three-team parlays.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If you are considering betting on the Internet, read Haywood’s book before you start. BeatWebCasinos.com explains various ways you can
get an edge, explains various way you can be victimized, and lists numerous sources of information on the reliability of Internet casinos and
sportsbooks. Personally, I would not recommend that webmasters click through and play ads on their own sites, or at least not without caveats. If a
casino or sportsbook is smart, it will not allow this at all because it gives the skilled player a positive EV. Even if a sportsbook allows it, it is
high profile and might become one part of a series of grievances. Webmasters at small sites should be especially careful — the number of clickthroughs may not be enough to counterbalance the insult
of skilled betting. Even mo

CURRENT SUMMARY:
If you are considering betting on the Internet, read Haywood’s book before you start. BeatWebCasinos.com explains various ways you can
get an edge, explains various way you can be victimized, and lists numerous sources of information on the reliability of Internet casinos and
sportsbooks.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Of course, this is all assuming advantage play. If you are a gambler, they’d love to have you, and some even offer to pay affiliate fees in
the form of casino credits.
— Bill Haywood, author of BeatWebCasinos.com
Depositing Funds
You must get money to the sportsbook somehow in order to place bets. How you get money in and out is an area that is undergoing rapid
change. Ask on Internet websites to find funding options. What you are looking for is called an “e-wallet.”
Such businesses have come and gone. The US government has effectively pressured banks to block use of credit cards to fund online
gambling. Paypal was once the e-wallet of choice for Internet gamblers, but the US government pressured Paypal out of that business. Firepay
was popular for a while, and then went out of the e-walle

CURRENT SUMMARY:
Of course, this is all assuming advantage play. If you are a gambler, they’d love to have you, and some even offer to pay affiliate fees in
the form of casino credits.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
There will always be new businesses springing up to do the job. Certain US government forms are required for large transactions. One is the Currency Transaction Report (CTR), which financial institutions
(including Western Union and sportsbooks) are required to fill out and file with the IRS for transactions over $10,000 within a 24-hour period in the
United States. CTRs can be accessed by federal, state, and local law enforcement agencies in the United States. Withdrawing Funds
You may withdraw funds by having the sportsbook send you a check. Most sportsbooks will give you one free check withdrawal per month,
but if you cash out more than once per month, they will charge a fee of $20 to $50. Usually the check is sent by FedEx. If you want overnight mail
or some other special shipping inst

CURRENT SUMMARY:
There will always be new businesses springing up to do the job. Certain US government forms are required for large transactions.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
You may withdraw funds by bank wire transfer. That will require giving the sportsbook the name of your non-US bank and your account
number. The transfer will take a few days. Your bank will charge you a fee, and the sportsbook may also charge a fee. Withdrawing funds to a NETeller account is normally free and fast. Sportsbooks that have this service can “zap” you the money quickly. You
withdraw money from NETeller by receiving a check, or having money wired to your non-US bank account. Your bank might put a hold on an Internet sportsbook check that you deposit. Holds on checks for such things as large amounts or drawn on
foreign banks are standard procedure for banks, and do not indicate problems with the sportsbook. Sportsbooks are set up to take money in, not to send it out. Check into w

CURRENT SUMMARY:
You may withdraw funds by bank wire transfer. That will require giving the sportsbook the name of your non-US bank and your account
number.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Check into withdrawal procedures before opening an account, and if withdrawing
looks like it is going to be slow or expensive, then don’t open the account in the first place. If you try to withdraw a large sum, your account will be audited before the money is sent to you. If you are good at picking winners on sports
bets, that fact might go unnoticed until your withdrawal request triggers an audit. If the audit leads the offshore sportsbook to decide you are
undesirable as a customer, you still should be paid what you are owed. Be polite and cordial in email and phone conversations with the employees of sportsbooks. Being aggressive and showing anger won’t help
your cause. Sportsbooks do transfers with each other. If you are having a problem getting money sent to you, ask the sportsbook wh

CURRENT SUMMARY:
Check into withdrawal procedures before opening an account, and if withdrawing
looks like it is going to be slow or expensive, then don’t open the account in the first place. If you try to withdraw a large sum, your account will be audited before the money is sent to you.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
You might be able to get money transferred to another sportsbook that same day. Sportsbooks generally don’t want their colleagues to know
they give players a hard time on withdrawals. The downside on a transfer is the two sportsbooks might compare notes on you. Avoid Being Pegged as Undesirable
The term “camouflage” is often used when referring to blackjack card counters who have to hide their skill at the game from the dealers, floor
people, shift managers and surveillance personnel in casinos. Another term for this is “cover.” Sports bettors, and even Internet sports bettors,
may need to employ camouflage as well. If the Internet sportsbooks know (or determine) that you have strong handicapping skills, or that you are
simply finding ways of exploiting their bonus procedures, they could r

CURRENT SUMMARY:
You might be able to get money transferred to another sportsbook that same day. Sportsbooks generally don’t want their colleagues to know
they give players a hard time on withdrawals.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If the Internet sportsbooks know (or determine) that you have strong handicapping skills, or that you are
simply finding ways of exploiting their bonus procedures, they could revoke your ability to make bets there. Also, while most will give you your
money back, let’s face it, if someone is holding a few hundred or a few thousand of your dollars, you don’t want that person angry with you. One thing an Internet sportsbook examines to determine your skill level is how frequently you pass rather than bet after being quoted a line. Suckers bet the same amount on every game; sharps cherrypick, betting only when they think they have an edge. Since an online sportsbook has a complete record of your betting history at that establishment, you probably won’t be able to hide the fact
that you are a w

CURRENT SUMMARY:
If the Internet sportsbooks know (or determine) that you have strong handicapping skills, or that you are
simply finding ways of exploiting their bonus procedures, they could revoke your ability to make bets there. Also, while most will give you your
money back, let’s face it, if someone is holding a few hundred or a few thousand of your dollars, you don’t want that person angry with you.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Here are some suggestions:
1. When there is a minimum amount of play required to qualify for a bonus, play more than the minimum before cashing out.
2. When you are making a large deposit to qualify for a bonus, bet at a level that looks natural for the amount you deposit. If you deposit
$1000, $5 bets on sides may appear small to anyone who scrutinizes your account.
3. Don’t restrict yourself to the low-vig bets. Don’t exclusively bet the –105 specials or the three-team parlay that has no house edge. Make
an occasional play at the standard –110.
4. Be careful about whom you use as a referral, and whom you refer. You would rather be linked to people the sportsbook views as good
customers than to people who are likely to wear out their welcome.
5. Never make opposing bets to take the risk o

CURRENT SUMMARY:
Here are some suggestions:
1. When there is a minimum amount of play required to qualify for a bonus, play more than the minimum before cashing out.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Never make opposing bets to take the risk out of exploiting a bonus. Sportsbooks ought to be happy with customers who take opposing
sides at -105 each, just as casinos ought to be happy with crapshooters who simultaneously bet both the pass and the don’t pass. They ought to
be happy, but they aren’t. They like you to take risk, even if their expected win is the same whether you take risk or not.
6. When betting sports, do not get a reputation as a “leech,” which to offshore sportsbooks means someone who watches a computer screen
for line moves and then quickly bets those games at sportsbooks that have not yet moved their lines.
7. Do not make frequent withdrawals. One withdrawal per month looks natural, but one withdrawal per week makes you look like a
troublemaker.
8. If you call in to re

CURRENT SUMMARY:
Never make opposing bets to take the risk out of exploiting a bonus. Sportsbooks ought to be happy with customers who take opposing
sides at -105 each, just as casinos ought to be happy with crapshooters who simultaneously bet both the pass and the don’t pass.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If you call in to request a line quote, and the line is such that you are not willing to make your normal bet on either team, then make a token
bet on one team or the other. A Bookmaker Speaks
I work for an Internet bookmaker. While we don’t change lines for individual clients, we do alter the limits a bettor can stake on a game. If you regularly beat us, we might allow you to bet only 5% of what a losing high roller could expect to be able to place. We do not offer a service. We are in business; and if a business transaction is unprofitable, we cease it. Simple as that.
— Posted By Keith on TwoPlusTwo.com
Email Received by “James”
Dear James,
We have found that your luck at our Casino has surpassed our level of tolerance. We have closed your account. We are forwarding you $410.00, not the

CURRENT SUMMARY:
If you call in to request a line quote, and the line is such that you are not willing to make your normal bet on either team, then make a token
bet on one team or the other. A Bookmaker Speaks
I work for an Internet bookmaker.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
We wish you continued success, elsewhere. Respectfully,
Pit Boss
[Editor’s note: James had wanted to leave $100 in his account.]
If You Are Pegged as a Winner
If you are lucky or good enough to win money from an offshore sportsbook, you have another problem: keeping the welcome mat out. One of the ways an offshore sportsbook will tell you that your action no longer is welcome is to require you to call in your bets. Other
customers will be able to place their bets over the Internet, but you will be required to call in. What happens to people who are required to call in? You might be restricted to lower limits than other customers. Or you might be given two
spreads on the same game. Maybe Los Angeles is supposed to be -7, but you will have a choice of Lakers -8 or their opponent +6. You also

CURRENT SUMMARY:
We wish you continued success, elsewhere. Respectfully,
Pit Boss
[Editor’s note: James had wanted to leave $100 in his account.]
If You Are Pegged as a Winner
If you are lucky or good enough to win money from an offshore sportsbook, you have another problem: keeping the welcome mat out.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I need to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me start by carefully reading through the excerpt to understand its content and


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Your name might be put on a list of people who are undesirable
customers. Bettor Beware
The advantage of betting sports over other types of Internet gambling is that with sports, you can verify whether your bet won or lost. If you are
playing an Internet roulette game and your bet loses, you have no way to verify that the announced winning number really was the random result
of a ball rolling around a wheel. When you have a bet on Chicago to beat New York, you can watch the game yourself or read about it in your
newspaper or find the result various other ways to verify whether your bet won or lost. If you have a beef with an Internet sportsbook, your options are limited. The most cost-effective thing you can do is file a complaint with one of
the online consumer watchdogs. You are less lik

CURRENT SUMMARY:
Your name might be put on a list of people who are undesirable
customers. Bettor Beware
The advantage of betting sports over other types of Internet gambling is that with sports, you can verify whether your bet won or lost.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Great Britain
and Australia currently are the best. Ponzi Schemes

In the past, some offshore sportsbooks were Ponzi schemes. They offered big bonuses to get deposits, but were slow in sending money to
winners. When the amounts owed to customers got huge, the book got a bad reputation that hindered the recruiting of new customers. At that
point the book simply went out of business, and the people running started a new sportsbook under a new name. Hopefully that sort of thing won’t
happen any more. Inadequate Capital
Some offshore sportsbooks are undercapitalized. It’s rare that a Nevada casino goes bankrupt, leaving sports bettors holding winning tickets
they cannot cash. Tom’s Sunset, formerly a small casino in Henderson, went bankrupt a few years ago with the result that winning paying s

CURRENT SUMMARY:
Great Britain
and Australia currently are the best. Ponzi Schemes

In the past, some offshore sportsbooks were Ponzi schemes.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If you have a winning sports ticket written by a
Nevada sportsbook, you WILL get paid off. If you prefer cash, you will get hundred-dollar bills, and you will get them immediately. You may have
to fill out a CTR (Currency Transaction Report) for the IRS, but you will get paid. That’s not the case with offshore sportsbooks. Some of them are undercapitalized, and will be unable to pay off everyone to whom they owe
money. They may not have been set up as Ponzi schemes, but they need new infusions of customer money to pay off what they owe to existing
customers, sometimes because of bonuses promised and sometimes because sports bettors have made winning bets. You think of your deposit as being held in trust for you until you are ready to use it to make a wager. The people who run the offshore

CURRENT SUMMARY:
If you have a winning sports ticket written by a
Nevada sportsbook, you WILL get paid off. If you prefer cash, you will get hundred-dollar bills, and you will get them immediately.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
The people who run the offshore book
might take a different view of your deposit — they might act as if they have already won it from you before you even make a bet! Sportsbooks that
use deposits from new gamblers to pay off winners are said to be working on the float. Even if the offshore book finally pays you what it owes you, you might have to wait weeks or months for your money. You might end up
spending a lot of time trying to collect. Calling every day might get results eventually, but do you really want to spend part of every day calling an
offshore book to ask when you will be paid? Name Confusion
Beware of any sportsbook with a name that is similar to the name of a reputable sportsbook. For example, if there is a reputable .com book,
beware of a sportsbook using the same name but

CURRENT SUMMARY:
The people who run the offshore book
might take a different view of your deposit — they might act as if they have already won it from you before you even make a bet! Sportsbooks that
use deposits from new gamblers to pay off winners are said to be working on the float.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
A sportsbook trying to bring in customers by leeching the good
name of another sportsbook probably is run by crooks. Canceling Bets
Suppose you bet a team at -5, and then before the game starts the line moves to -7. Do you have anything to worry about other than if your
team will cover? Yes, as a matter of fact you do have something else to worry about. You have to be concerned that your bet will have action. Michael Konik, in his Telling Lies and Getting Paid, tells on page 52 of having had such bets canceled the day before the games merely because
the lines moved his way before the games started! Hopefully, thanks to watchdog sites such as www.SportsBookReview.com, cancelling of bets should be avoidable nowadays. Do not hedge bets based on mistakes, lest you be left holding a bet you don

CURRENT SUMMARY:
A sportsbook trying to bring in customers by leeching the good
name of another sportsbook probably is run by crooks. Canceling Bets
Suppose you bet a team at -5, and then before the game starts the line moves to -7.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
That scenario will not happen to you in Nevada. If you have a ticket from a Nevada sportsbook specifying a team at +8, your ticket is valid
even if the sportsbook subsequently discovers that the +8 was a mistake. Over-Limit Bets
Another thing that can happen to you on the Internet but not in Nevada is getting shorted on an over-limit bet. In Nevada, the software in the
computer will prevent a ticket writer from accepting a bet larger than allowed by the sportsbook. You might be able to make an over-limit bet, but it
will be with the approval of the manager. Once that over-limit bet has been accepted, you have action for certain. An offshore sportsbook, if it’s crooked, might handle over-limit bets differently. It might go ahead and accept the bet, and only after the game
is over “discover”

CURRENT SUMMARY:
That scenario will not happen to you in Nevada. If you have a ticket from a Nevada sportsbook specifying a team at +8, your ticket is valid
even if the sportsbook subsequently discovers that the +8 was a mistake.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Guess which over-limit bets are corrected
to the max and which ones are allowed to stand as written? Know the sportsbook’s max bet before you wager, and don’t exceed it. Sportsbooks Sharing Information
Some offshore sportsbooks share information with one another. This can work to your detriment in two ways. Offshore sportsbooks circulate reports of undesirable customers among themselves. If you wear out your welcome at one offshore
sportsbook, you might find your action unwelcome at others. When you try to open an account at a new offshore sportsbook, you are treated as an
unwelcome customer before you place your first bet. If someone makes a huge bet at one offshore sportsbook, causing it to change its odds, other offshore sportsbooks might see the odds
change and change their own odds wi

CURRENT SUMMARY:
Guess which over-limit bets are corrected
to the max and which ones are allowed to stand as written? Know the sportsbook’s max bet before you wager, and don’t exceed it.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If someone makes a huge bet at one offshore sportsbook, causing it to change its odds, other offshore sportsbooks might see the odds
change and change their own odds without waiting for a bet. Sports bettors have a name for that; it’s called an “air move.”
Complaining About Mistreatment
Even if an organization is what it claims to be, casino or sportsbook, what’s to compel it to pay you when the time comes to do so? If you are
going to wager with offshore sportsbooks, you ought to be connected with others who are doing the same so as to avoid the rip-off artists. News travels fast on the Internet. If a sportsbook doesn’t pay or is found to be disreputable in some other way, people will let you know by
posting information on websites. If you experience a problem with an offshore sportsbook,

CURRENT SUMMARY:
If someone makes a huge bet at one offshore sportsbook, causing it to change its odds, other offshore sportsbooks might see the odds
change and change their own odds without waiting for a bet. Sports bettors have a name for that; it’s called an “air move.”
Complaining About Mistreatment
Even if an organization is what it claims to be, casino or sportsbook, what’s to compel it to pay you when the t

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If you experience a problem with an offshore sportsbook, you can share your experience with others. Good
websites for this type of information are:
www.eog.com
www.SportsBookReview.com
www.TheRX.com

The above list is courtesy of Goats, and is not intended to be complete. The order is not intended to have any meaning other than
alphabetical. These websites may generate revenue from Internet sportsbooks. Goats says: “Nowadays, it’s widely known which books will take countermeasures against sharps. These measures include reducing limits,
making you call in bets, and putting your online account on a delay so when you enter a bet, it hangs there for 30-60 seconds to give a manager
time to approve or deny the wager or move the line. Ultimately, some books will also close your account and bar yo

CURRENT SUMMARY:
If you experience a problem with an offshore sportsbook, you can share your experience with others. Good
websites for this type of information are:
www.eog.com
www.SportsBookReview.com
www.TheRX.com

The above list is courtesy of Goats, and is not intended to be complete.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
The XFL final game between Los Angeles and San Francisco is next Saturday. I just got an email canceling all
my XFL futures on Los Angeles and San Francisco. I’ve had LA for $800 @ 5-1 and San Francisco for $300 @ 15-1 both voided this week as
the game is getting set to be played. Frank B, Due to a massive error in our systems XFL Futures that weren’t supposed to appear in the sports book were showing,
causing many of our customers to believe that those odds were available to bet on. For this very reason we are now forced to void ALL
tickets posted on XFL Futures, thus effective from this very minute. Losers and pending tickets are now all voided and all the funds involved
in such bets is from this moment on back to your account. We apologize for the aggravation in which we might be puttin

CURRENT SUMMARY:
The XFL final game between Los Angeles and San Francisco is next Saturday. I just got an email canceling all
my XFL futures on Los Angeles and San Francisco.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
For more information on the subject please email us or call to our toll free line. Best Regards,
Charlie
Casino Customer Service
I made these bets after only three weeks of play, when San Francisco’s record was 1-2. San Francisco at 15-1 was also available at
Station Casinos in Las Vegas at the time I made my bets on the Internet. I should have just bet in Las Vegas. I feel I have to do something about this but don’t know where to begin. I had someone call and ask what the problem was with the XFL
bets and they claimed someone clicked in $100,000 worth of XFL futures so they had to void all bets. This is absurd as the controls in place
would have alerted them at less than $1000 of bets on any one side. They are just plain lying about this. Funny how I haven’t received any
refunds on my Las

CURRENT SUMMARY:
For more information on the subject please email us or call to our toll free line. Best Regards,
Charlie
Casino Customer Service
I made these bets after only three weeks of play, when San Francisco’s record was 1-2.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
These guys are thieves but I don’t know what to do since I have a nice chunk of
change at their sportsbooks collectively. I’m showing you this to make clear how treacherous the offshore situation has become recently and to illustrate one of the differences
between offshore and Las Vegas books. I would put a strong warning in your net betting chapter regarding these type of actions. Offshore Books as a Source of Betting Information
One way you can use offshore books is as a source of betting information. If you are walking from sportsbook to sportsbook in Las Vegas
shopping for lines, it’s nice to know ahead of time what the lines are so that you recognize a good one as soon as you see it. Conclusion
The Internet has revolutionized the way things are done in today’s world. Bookstores, trave

CURRENT SUMMARY:
These guys are thieves but I don’t know what to do since I have a nice chunk of
change at their sportsbooks collectively. I’m showing you this to make clear how treacherous the offshore situation has become recently and to illustrate one of the differences
between offshore and Las Vegas books.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Bookstores, travel agents, insurance agents, flower shops, you
name it, many businesses have been affected by the Internet. The advent of Internet casinos and sportsbooks has made it possible for someone
in London, Tokyo, or Sydney to wager on a sports event without having to find an illegal local bookie. Internet sportsbooks have low overhead costs due to not having to buy huge televisions or cocktails for their customers, or needing a lavish
palace for ambiance. Thus Internet sportsbooks can afford to spend lavishly to get customers to their websites and keep them there. These opportunities favor the sharp bettor who is willing to make the effort to take advantage of what is offered. Many Internet sportsbooks
will offer games with no vig or reduced vig, or other promotions that make Inte

CURRENT SUMMARY:
Bookstores, travel agents, insurance agents, flower shops, you
name it, many businesses have been affected by the Internet. The advent of Internet casinos and sportsbooks has made it possible for someone
in London, Tokyo, or Sydney to wager on a sports event without having to find an illegal local bookie.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
The purpose of this chapter is to explain the basic mathematical concepts used in sports betting. Player’s Edge
When you put numbers on the player’s edge, you can call the result the win rate. Or you can call it your edge. Or you can call it return on
investment or ROI. All those terms mean the same thing. This chapter makes extensive use of the word “terms.” The terms of a bet are the details of how much you win if you win and how much you
lose if you lose. If the amount you stand to win is less than the amount you stand to lose, the “terms” are expressed in terms of how many units you must risk
to win 100 units. If the amount you stand to win exceeds how much you stand to lose, the “terms” are how many units you will win if you wager 100 units. That sounds confusing but is actually unamb

CURRENT SUMMARY:
The purpose of this chapter is to explain the basic mathematical concepts used in sports betting. Player’s Edge
When you put numbers on the player’s edge, you can call the result the win rate.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Bets at -110
The standard terms for betting sports in the legal sportsbooks of Nevada are -110. This is the default, the terms so widely used that they are
widely understood to apply unless the book specifically specified other terms. If you see Chicago +3 for example, and want to bet on it, the
assumption is that you will have to risk $110 for every $100 you want to win, unless the terms of the bet specifically say otherwise. If the bet is
described as Chicago +3 -115, then you must risk $115 to win $100 on Chicago +3. But if the bet is described as simply Chicago +3, then
everyone understands that to mean Chicago +3 -110.
-110 means you the bettor must risk $110 to win $100. The bet does not have to be exactly $110; the terms are merely stated in the form of
how much you have to risk to

CURRENT SUMMARY:
Bets at -110
The standard terms for betting sports in the legal sportsbooks of Nevada are -110. This is the default, the terms so widely used that they are
widely understood to apply unless the book specifically specified other terms.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
When you make a bet, you give your money to the sportsbook, which holds onto your money and gives you a ticket as a receipt. The ticket
explains all the details of the bet you have made, and if your bet wins you return that ticket to the sportsbook to collect your winnings. If your ticket loses it becomes worthless, except as backup should the IRS audit your tax return. If your ticket wins, and you have made a bet at -110, the amount you will get for your ticket is the amount you have wagered times 210/110. If
you wagered $110, your winning ticket will be worth $210. If you wagered $11, your winning ticket will be worth $21. If you wagered $5, your
winning ticket will be worth theoretically $9.54545, but the amount you actually will receive will be $9.50. Here is a warning commonly found i

CURRENT SUMMARY:
When you make a bet, you give your money to the sportsbook, which holds onto your money and gives you a ticket as a receipt. The ticket
explains all the details of the bet you have made, and if your bet wins you return that ticket to the sportsbook to collect your winnings.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If you wagered $5, your
winning ticket will be worth theoretically $9.54545, but the amount you actually will receive will be $9.50. Here is a warning commonly found in a sportsbook’s posted list of rules for sports wagering:
“The sportsbook is not responsible for lost or stolen tickets.”
Until the game has been played and your team has lost, be as careful with your ticket as you would be with currency. If you lose your ticket
and someone else finds it, you will have as difficult a time reclaiming your ticket as you would had you lost a $100 bill. Whoever finds it will cash
it, if anyone finds it. Vig at -110
This question was posted on BJ21.com: “I have a basic question. How does one calculate a break-even win rate, given the juice? I read
somewhere that it’s 52.5 percent given the standa

CURRENT SUMMARY:
If you wagered $5, your
winning ticket will be worth theoretically $9.54545, but the amount you actually will receive will be $9.50. Here is a warning commonly found in a sportsbook’s posted list of rules for sports wagering:
“The sportsbook is not responsible for lost or stolen tickets.”
Until the game has been played and your team has lost, be as careful with your ticket as you would be with cur

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If your team loses, your ticket has no value. How
often do you have to be right so that on average you will turn $110 into $210? Just divide 110 by 210. The answer is 52.38095 percent, which
generally is rounded off to 52.38, 52.4, or 52.5 percent. The sportsbook’s vig ideally is one bet out of 22, or 4.5 percent. Here’s how to get it. Suppose the sportsbook takes in $11 on one side and
$11 on the other side. If one side wins the other side loses, and the book pays out $21 to the winner, keeping $1 for itself. The book’s profit is $1
no matter which side wins. $1 profit on $22 of bets is 1/22 or 4.5 percent. I said “ideally” because the book makes 4.5 percent with an equal split of bets on both sides, but if there is more action on one side than the
other, the book will win something diffe

CURRENT SUMMARY:
If your team loses, your ticket has no value. How
often do you have to be right so that on average you will turn $110 into $210?

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If the book makes a bad line and a majority of the money is bet by people who make a better line than the book, the book’s expectation might
be to lose. Booking bets at -110 is no guarantee of winning unless either the line splits the action or the line is good enough so that even though
more than 50% of the money is bet on one side, that side has only about a 50 percent chance of covering. Terms Other Than -110
The common way of expressing betting terms in sportsbooks is how much money the customer must risk to win $100, or how much a
customer wins on a bet of $100. That’s really two different systems, but it’s confusing only initially. A Positive Number
If the terms of a bet are expressed as a positive number, the number will be 100 or more and will indicate the amount of your win on a $

CURRENT SUMMARY:
If the book makes a bad line and a majority of the money is bet by people who make a better line than the book, the book’s expectation might
be to lose. Booking bets at -110 is no guarantee of winning unless either the line splits the action or the line is good enough so that even though
more than 50% of the money is bet on one side, that side has only about a 50 percent chance of covering.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
For example, if you make a bet at +145 and your bet wins, for every $100 you wager you will receive your $100 back plus an additional $145
that formerly was the sportsbook’s money. If you bet $200 at +145 and your bet wins, that piece of paper you bought for $200 is now worth $490. Here’s how to do the arithmetic: $200 times 1.45 is the amount of your win, $290. You also receive back the $200 you wagered. $290 + $200
equals $490. An alternative way to do the arithmetic: Making a bet at +145 means you will receive back $245 for every $100 risked. Thus to get the price of
a winning ticket, multiply the purchase price by 2.45. $200 times 2.45 is $490. A Negative Number
If the terms of a bet are expressed as a negative number, the number will be farther from zero than -100 and will indicate th

CURRENT SUMMARY:
For example, if you make a bet at +145 and your bet wins, for every $100 you wager you will receive your $100 back plus an additional $145
that formerly was the sportsbook’s money. If you bet $200 at +145 and your bet wins, that piece of paper you bought for $200 is now worth $490.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
A Negative Number
If the terms of a bet are expressed as a negative number, the number will be farther from zero than -100 and will indicate the amount you
must wager to attempt to win $100. For example, if you make a bet at -120 and your bet wins, for every $120 you wager you will receive your $120 back plus an additional $100
of what had been the sportsbook’s money. You might for example wager $300 at -120, and if your bet wins, the ticket you bought for $300 is now worth $550. Here’s how to do the arithmetic. $300 divided by 1.20 is the amount of your win, $250. You also receive back the $300 that you wagered.
$300 plus $250 is $550. An easy way to handle the arithmetic is to always bet a multiple of the negative number. For example, if the terms of a bet are -120, and you
want to risk

CURRENT SUMMARY:
A Negative Number
If the terms of a bet are expressed as a negative number, the number will be farther from zero than -100 and will indicate the amount you
must wager to attempt to win $100. For example, if you make a bet at -120 and your bet wins, for every $120 you wager you will receive your $120 back plus an additional $100
of what had been the sportsbook’s money.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Or you
might bet $600 to try to win $500. You do not have to force your bet to be an exact multiple of the betting number. You can bet an even $500 at -120, and if the bet wins you will
receive $916.6667 rounded off, probably to $916.65 or $916.50 or $916. Typical Money Line
A money line is a bet that a team will win straight up, no points added or subtracted. Generally whenever a sportsbook offers a money line on a game or offers a proposition for betting, you can bet on either side. The book is
hoping that people do in fact bet on both sides, so that the money from the loser can be used to pay the winner with some left over to go to the
book for providing the service. The terms might be expressed as two negative numbers, or they might be expressed as a positive number and a
negative numb

CURRENT SUMMARY:
Or you
might bet $600 to try to win $500. You do not have to force your bet to be an exact multiple of the betting number.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
The two-negative-number situation occurs when each side is approximately equally likely to win. You might, for example, see one team or
one side of the prop quoted as -105 while the other team or side is quoted as -115. Bettors who like the first team or side must risk $105 in an
attempt to win $100. Bettors who favor the other team or side must risk $115 to try to win $100. A Negative Number and a Positive Number
The negative number will always be farther from zero than the positive number; if that were not the case, the sportsbook would not have an
edge over balanced action. You might see, for example, +210 and -270. Bettors who like the underdog risk $100 in an attempt to win $210. Bettors who back the favorite must risk $270 for every $100 they want to win. A Negative Number and EV
EV

CURRENT SUMMARY:
The two-negative-number situation occurs when each side is approximately equally likely to win. You might, for example, see one team or
one side of the prop quoted as -105 while the other team or side is quoted as -115.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
A Negative Number and EV
EV means “even money.” Sometimes the board will spell it out, “even,” instead of “EV.”
EV means you risk a dollar to try to win a dollar. EV could also be expressed as -100 or +100; they would mean the same thing as EV but
using them just isn’t conventional. You might see the terms of a prop expressed as a negative number on one side and EV on the other side; for example -130 and EV. Bettors
who like the favorite would have to risk $130 for every $100 they want to win, and bettors who back the underdog would receive even money on
their bets. Break-Even Win Rates
For each betting term such as -130 or +120, you can calculate the particular probability of winning for which the bet would break even in the
long run. As was mentioned above, the default term of -110 is as

CURRENT SUMMARY:
A Negative Number and EV
EV means “even money.” Sometimes the board will spell it out, “even,” instead of “EV.”
EV means you risk a dollar to try to win a dollar. EV could also be expressed as -100 or +100; they would mean the same thing as EV but
using them just isn’t conventional.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
For a bet quoted as EV, the probability of winning would have to be 50 percent for the bet to break even in the long run. For Super Bowls the Imperial Palace in Las Vegas generally offers a prop on who will receive the kickoff. Typically the prop is offered with
both teams at EV. It’s easy enough to see that there is no house edge for the Imperial Palace on that bet. You could bet $100 on one team and
match it with $100 on the other team, and whichever team receives the opening kickoff will bring back your entire $200. The Imperial Palace runs
this one prop as a loss leader, the same as a grocery store offering an item at cost to get you to shop there instead of at a competitor’s store. Enough people who visit Imperial Palace to make the no-vig bet also make other bets that do have a house

CURRENT SUMMARY:
For a bet quoted as EV, the probability of winning would have to be 50 percent for the bet to break even in the long run. For Super Bowls the Imperial Palace in Las Vegas generally offers a prop on who will receive the kickoff.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Table 1 gives the break-even rates associated with various bet terms. You can interpolate to find values not explicitly stated in the table. For example, try to find -110. You won’t find it; it’s not in table 1. However you can find -111 associated with the break-even win rate 52.5
percent, and you can find -108 associated with the break-even win rate of 52.0 percent. So you know that -110 must have a break-even win rate of
between 52.0 and 52.5 percent, and interpolation would lead you to choose 52.3 or 52.4 percent. Table 1 allows you to find the break-even win rate that corresponds to the terms on any sportsbook bet that is expressed as how much to bet
to win $100 or how much a $100 bet will win. Suppose you see a prop offered at -130. Table 1 tells you that the event must happen 56.5 p

CURRENT SUMMARY:
Table 1 gives the break-even rates associated with various bet terms. You can interpolate to find values not explicitly stated in the table.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Table 1 tells you that the event must happen 56.5 percent of the time for you to break even, and the
event must be more likely than that for you to have the expectation of showing a profit on the bet. If that event happens less than 56.5 percent of
the time, then the bet has a negative expected value. Suppose you see a prop offered at +115. Table 1 tells you that the event must happen 46.5 percent of the time for you to break even, and if
the event is more likely than that to happen, then you have the expectation of showing a profit on the bet. You can reproduce any of the terms in table 1 yourself. Let BE be the break-even percentage. For each negative term:
term = - 100 * BE / (100 - BE)
For each positive term:
term = 100 * (100 - BE) / BE
Sometimes the terms of a bet will be expressed a

CURRENT SUMMARY:
Table 1 tells you that the event must happen 56.5 percent of the time for you to break even, and the
event must be more likely than that for you to have the expectation of showing a profit on the bet. If that event happens less than 56.5 percent of
the time, then the bet has a negative expected value.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
For each negative term:
term = - 100 * BE / (100 - BE)
For each positive term:
term = 100 * (100 - BE) / BE
Sometimes the terms of a bet will be expressed as a ratio instead of as an amount to win $100. Table 2 lists the commonly used ratios and
gives the equivalent break-even win rates and amounts to win $100
For example, if a sportsbook is offering a bet at 4:1, it could have said +400 instead because +400 means the same thing as 4:1. That bet has
a positive expected value for the customer if the event has greater than a 20.0 percent chance of happening. Expected Value
The term expected value is used throughout this book. This term has a precise meaning. Expected value means the arithmetic mean or
“average” result if the game were to be played over and over a large number of times. Here’

CURRENT SUMMARY:
For each negative term:
term = - 100 * BE / (100 - BE)
For each positive term:
term = 100 * (100 - BE) / BE
Sometimes the terms of a bet will be expressed as a ratio instead of as an amount to win $100. Table 2 lists the commonly used ratios and
gives the equivalent break-even win rates and amounts to win $100
For example, if a sportsbook is offering a bet at 4:1, it could have said +400 instead b

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Suppose you find someone foolish enough to pay you $105 for each head flipped with a coin, if you would pay him
$100 for each tail. I am assuming this is a fair coin and you are not going to end up with an earful of cider. What is the EV (acronym for expected
value) of the game? Fifty percent of the time you will win $105 and fifty percent of the time you will lose $100, so on average you will win $2.50. The calculation is .5 x $105 - .5 x $100. You could describe the situation by saying you have an EV of $2.50 per flip. You are not going to run into fools who will play this win-$100-lose-$105 game with you, but you might encounter something similar in the
way of sports bets. You might encounter bets that will pay you $105 or cost you $100 that you think you have a fifty percent chance of

CURRENT SUMMARY:
Suppose you find someone foolish enough to pay you $105 for each head flipped with a coin, if you would pay him
$100 for each tail. I am assuming this is a fair coin and you are not going to end up with an earful of cider.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If
you really do have a fifty percent chance of winning, then your expected win on the bet is $2.50. You can call it “expected win” or you can call it “expected value.” The important thing is that the “expected” part means the mean result if the
game were to be played over and over. Expected value can also be expressed as a percentage of the wager. $2.50 of expected win on a bet of $100 is 2.5 percent return on the
wager. Expected Value: Money Line Example
Here is another numerical example. Suppose a sportsbook is offering a game at -130, and you think you have a 60 percent chance of
winning that bet. What is your expected win, in percent? Solution: If you risk $130 and the bet wins, your ticket is worth $230. You think that has a 60 percent chance of happening. The expected
value of that

CURRENT SUMMARY:
If
you really do have a fifty percent chance of winning, then your expected win on the bet is $2.50. You can call it “expected win” or you can call it “expected value.” The important thing is that the “expected” part means the mean result if the
game were to be played over and over.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
That’s
an average win of $8. Winning $8 on an investment of $130 is earning 8/130 or 6.15 percent on your investment. Expected Value with Multiple Possible Outcomes
Sometimes there are more possible outcomes than just win and lose. The most common alternate outcome is getting your money back on a
push. For example, suppose you bet on Chicago -3 on an NFL game. If Chicago wins the game by more than three points, you win your bet. If
Chicago loses or if Chicago wins by only one or two points, you lose your bet. If Chicago wins by exactly three, you get your money back but do
not win or lose anything. The general way to find expected value is to list all the possible outcomes and their chances of happening, multiply each outcome by its
associated chance of happening, and sum. As a check to ma

CURRENT SUMMARY:
That’s
an average win of $8. Winning $8 on an investment of $130 is earning 8/130 or 6.15 percent on your investment.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
As a check to make sure you have accounted for all possible outcomes, add up your chances of various things happening and be sure they
sum to 100 percent. Example Calculating Expected Win
For example, suppose you think Chicago winning by more than three is going to happen with probability .55. That is, if this game could
somehow be played over an over and over, Chicago would win 55 percent of the time. Suppose you think that Chicago winning by exactly three
has a 10 percent chance of happening. That leaves 35 percent as the chance that Chicago will not cover the spread. Check: 55 percent plus 10 percent plus 35 percent equals 100 percent. Suppose you can wager at the standard term of -110. Let’s work out the math for a wager of $110. You have 55 percent chance of winning
$100, 10 percent c

CURRENT SUMMARY:
As a check to make sure you have accounted for all possible outcomes, add up your chances of various things happening and be sure they
sum to 100 percent. Example Calculating Expected Win
For example, suppose you think Chicago winning by more than three is going to happen with probability .55.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
You have 55 percent chance of winning
$100, 10 percent chance of breaking even, and 35 percent chance of losing $110. EVW = .55 x $100 + .10 x $0 + .35 x (-$110)
Multiplying each outcome by its probability gives $55 on a win plus $0 on a push minus $38.50 on a loss for a total win of $16.50. Dividing that $16.50 average win by the $110 investment yields fifteen percent. The expected win on that Chicago bet is fifteen percent if
your chances of winning, pushing, and losing are accurate. The number of dollars invested does not matter. Use a bet size different from $110 and you will get the same fifteen percent answer for
expected win rate. Example Calculating Expected Ticket Price
An alternate way to get the same answer is to figure out what is the expected value of the ticket you will be ca

CURRENT SUMMARY:
You have 55 percent chance of winning
$100, 10 percent chance of breaking even, and 35 percent chance of losing $110. EVW = .55 x $100 + .10 x $0 + .35 x (-$110)
Multiplying each outcome by its probability gives $55 on a win plus $0 on a push minus $38.50 on a loss for a total win of $16.50.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
A ticket that costs you
$110 might turn into $210 or it might stay at $110 or it might turn into zero. For the Chicago example, the chances of each of those were assumed
to be 55 percent, 10 percent, and 35 percent. Multiplying each possible ticket value times its probability gives:
EVT = .55 x $210 + .10 x $110 + .35 x $0
= $115.50 + $110 + $0
The total is $126.50. That’s the expected postgame ticket price. Expecting to turn a $110 bet into a $126.50 ticket means an expected win of
$16.50, which is the same answer as in the calculation of expected amount of win. Sample Problems
Problem 1
A sportsbook offers special prices on Thursday night: -105 for bets on sides, instead of the normal -110. What is the vig at -105, from the
standpoint of someone who has a 50-50 chance of winning a bet? P

CURRENT SUMMARY:
A ticket that costs you
$110 might turn into $210 or it might stay at $110 or it might turn into zero. For the Chicago example, the chances of each of those were assumed
to be 55 percent, 10 percent, and 35 percent.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

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Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Problem 3
If you can pick winners with 57 percent accuracy, what is your expected win rate if you make bets at -110? Problem 4
Suppose you are offered -800 on a bet that a game will not go into overtime, and suppose you evaluate the chance of overtime at five
percent. What is your edge on this bet? Problem 5
A sportsbook offers +185 on a particular prop. What percent of the time do you need to win that prop to break even? Problem 6
Suppose I can receive +185 on something that I think will happen around forty percent of the time. What would my win rate be? Problem 7
A sportsbook offers -400 on something that I think will win 75 percent of the time. Is that a good bet? Problem 8
A sportsbook offers a prop with -115 on one side and -115 on the other side. How does this compare with the normal

CURRENT SUMMARY:
Problem 3
If you can pick winners with 57 percent accuracy, what is your expected win rate if you make bets at -110? Problem 4
Suppose you are offered -800 on a bet that a game will not go into overtime, and suppose you evaluate the chance of overtime at five
percent.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand th


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
I think the break-even point is a line of -350. What is my edge if I am right about the -350? Problem 10
If I think the break-even point is a line of -350 on the Braves with Greg Maddux, and I want to invest my money only on bets on which I think
my edge is at least 10 percent, what is the worst line I should take? Solutions to Sample Problems
Problem 1
A sportsbook offers special prices on Thursday night:-105 for bets on sides, instead of the normal -110. What is the vig at -105, from the
standpoint of someone who has a 50-50 chance of winning a bet? If you make a wager of $105, you have a 50 percent chance of winning $100 and a 50 percent chance of losing $105. That’s $50 minus
$52.50. Your average loss is $2.50 on an investment of $105, or a loss rate of 2.38 percent. Here is another wa

CURRENT SUMMARY:
I think the break-even point is a line of -350. What is my edge if I am right about the -350?

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If you want to work out the arithmetic instead of grabbing the answer from table 1, it’s 105/205 x 100 or 51.22 percent. Problem 3
If you can pick winners with 57 percent accuracy, what is your expected win rate if you make bets at -110? Working with a bet of $110, you have 57 percent chance of cashing a ticket for $210, so the average ticket you buy will be cashed for
$119.70. Dividing by the $110 purchase price gives 8.8 percent return on investment. Problem 4
Suppose you are offered -800 on a bet that a game will not go into overtime, and suppose you evaluate the chance of overtime at five
percent. What is your edge on this bet? You have five percent chance of turning $800 into zero and 95 percent chance of turning $800 into $900. Multiplying .95 times $900 yields
$855. Thus an average

CURRENT SUMMARY:
If you want to work out the arithmetic instead of grabbing the answer from table 1, it’s 105/205 x 100 or 51.22 percent. Problem 3
If you can pick winners with 57 percent accuracy, what is your expected win rate if you make bets at -110?

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Problem 5
A sportsbook offers +185 on a particular prop. What percent of the time do you need to win that prop to break even? Table 1 gives the answer. +182 is associated with 35.5 percent chance of occurring, and +186 is associated with 35.0 percent chance of
occurring. Interpolation yields +185 being associated with 35.1 percent chance of occurring. So if you think the event has more than 35.1 percent
chance of happening, you have a positive EV on that bet. Problem 6
Suppose I can receive +185 on something that I think will happen around forty percent of the time. What would my win rate be? A bet of $100 will win $185 about 40 percent of the time, and will lose about 60 percent of the time. Thus the average $100 turns into $114,
which is 40 percent of $285. If your forty percent is accur

CURRENT SUMMARY:
Problem 5
A sportsbook offers +185 on a particular prop. What percent of the time do you need to win that prop to break even?

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card for a sports betting document based on the latest excerpt provided. Let me break down what I need to do step by step.

First, I should understand