Want Live Betting Odds On Your Website?

If you’d like dynamic, real-time updating betting odds on your website, you’ve come to the right place.

The  NFL odds page at the RX, shows an example of the type of widget that can be added on your website.

To get this code on your website, write to forum@therx.com.

Below is a screen shot of the widget configuration on desktop.

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The Basics of Bitcoin Sports Betting

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Bitcoin might sound confusing, but the reality is getting started is much simpler than you might think. Even if you are not PC savvy or entirely comfortable around a keyboard, there are just three steps you need to follow to get in the game by way of bitcoin.

Step One: Open an Exchange with Coinbase.com

Coinbase is the largest US facing exchange and the process of opening an account is as simple as opening a wallet with Paypal. You will need to spend some time to upload your photo ID and link a bank account (so you can buy and sell bitcoin through Coinbase or their sister exchange GDAX), but once you’re setup, you will not have to cut through any more red tape.

Once you have purchased bitcoin from Coinbase, you are ready to send your bitcoin anywhere in the world, but keep reading step two below to see what to do next.

Step Two: Create an Intermediary Wallet

An intermediary or go-between wallet is recommended for added privacy. No exchange wants to knowingly facilitate transfers to and from betting sites or casinos, so by using an in-between wallet such as the free one offered by Blockchain.info, you can minimize the likelihood that you will get held up by the compliance department at your exchange.

Once you’ve created your intermediary wallet, make sure to safeguard the log-in and password. Once logged in, simply click ‘Receive Bitcoin’ and copy/paste your wallet payment address. Take the string of alphanumeric characters and copy them into Coinbase and initiate the transfer of bitcoin. It may take up to two hours for your bitcoin to be ready for spending.

Step Three: Select a Reputable Sportsbook

Now that the hard past is over, all you have to do is choose a reputable online sportsbook to make your bitcoin wagers with. Sportsbook Review has a guide of trusted bitcoin sports betting sites that are known for providing good user experiences and most importantly fast payouts.

Sportsbooks Are Not Created Equal

While online sportsbooks might appear to be worth a try — with flashy sign-up bonuses, sleek mobile software, and good customer service — the reality is that not every sports betting site is created equal. Historically, operators have launched each football season looking to fleece unsuspecting players out of their deposits and/or winnings. Sports betting sites are created routinely by operators with either no intention of paying, or no intention of running a quality book that stays afloat and can pay players over the long haul.

So, who can you trust? By considering resources such as the best online sportsbooks list at Sportsbook Review, which only includes sports betting sites that have been in business for six years and longer, as a player you are in a much better position than you would be choosing a sportsbook sight unseen. Blind dating is never a good idea when it involves your wallet.

While SBR ratings have long been the subject of speculation, the fact is that sportsbooks cannot buy their way onto the top list of sportsbooks. There are no banners being sold on the review website and player feedback is displayed prominently in all review pages, the good, the bad, and ugly. There are no slow-pay or no-pay sportsbooks in the higher tier of ratings, though the rating guide lists information on all 200+ companies serving the global sports betting industry.

Why Comparing Sportsbook Odds is Crucial to Capping Success

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There’s a popular old saying gamblers like to use — if you don’t think small edges matter, go to any block on the Las Vegas strip and look up.

Sportsbooks and casinos rake in billions of dollars in revenue worldwide simply by having small edges on their games. However, what keeps players coming back for more is the simple fact that not everyone loses. Sports betting is fun, to be sure, but players who can handicap well and look for sportsbooks with quality betting odds and platforms can supplement their incomes consistently with enough +EV (Expected Value).

Handicappers that feel they have an edge at a certain sport, or a position on a game that might result in their winning a bet, can simply look at the betting line offered by a sportsbook and determine if the odds reflect what they perceive as the team’s chance of winning. While it sounds simple enough in practice, the betting lines on American sports are sharper than a high-powered lawyer’s suit, so it is important to take your time and handicap properly.  The spread to ML converter offered over at Sportsbook Review is a great way for players to calculate their edge relative to the team’s probability of winning.

For instance, a 7-point favorite has about a 75% chance of winning straight up. However, if you can get a decent price on buying down to 6.5, or you line shop adequately and a 6.5 becomes available, the favorite only has to win about 72% of the time for you to make money. Look for dozens of these scenarios over the course of a month of American football and your bankroll will thank you for it.

Conversely, when comparing online sportsbook odds, pay attention to the little numbers to the next of the spread, commonly referred to as the vig. When faced with a choice of laying 7 points on the Green Bay Packers and being given -110 odds, or -105 odds, which would you choose? At the odds of -110, you have to put $110 in action for every $100 you would potentially profit. You only have to put down $105 at -105, and while $5 may not sound like a lot of coin, multiply this scenario by hundreds of wagers over the course of a season and even with a winning percentage in the upper 50%’s, you have cost yourself hundreds or thousands depending on your standard wager size by accepting higher vig.

Sportsbooks aren’t in the habit of giving away free money, so there may be some weekends where your betting card is lighter than others. But by optimizing good bankroll management and keeping your accounts funded at a number of online sportsbooks, you will be in a position to improve your expected win-rate and increase your return on investment. Sports betting is no different than buying stocks, make good decisions and exercise restraint when you need to, and Christmas can come early financially.

Pay Per Head Tips: Understanding Parlay Betting and Profitability

In almost every case, parlay betting leads to profitability. Online bookie agents must first understand this before reading the rest of this blog.

That’s the key thing to remember. Don’t fear parlay bets. There are some things to consider, though.

Before getting into that, check out why parlay betting is a great driver of profits.

Parlay Bets – Huge Profit Drivers

Parlay bets are huge profit drivers because in most cases parlays are designed to ensure losses. Yes, a casual player will occasionally hit a huge parlay. Huge parlays almost never happen.

The reason is due to the parlays odds structure. A 2-team parlay pays 2 to 1. The true odds are much closer to 3 to 1, or, maybe, even 7 to 2.

When it comes to football, basketball, and baseball games, Vegas oddsmakers are so good at creating correct against the spread odds that it’s much more difficult to hit a single game, much less 2 games.

Think of parlay betting as more like a casino bet than anything else. When a player spins the roulette wheel, that player gets even money if the ball falls on red or black.

The true odds of the ball falling on red or black isn’t even money because of the 2 green spaces.

That’s where the casino gets its edge in roulette betting. The edge in parlay betting is the spread. That’s what the spread is for. It’s designed to make both sides of a wager attractive so that money is spread around on different games, from different players, across the sports betting board.

But, you might be thinking, can’t smart pro players juice parlay bets by adding money line teams? Ah, that’s why the next section is so important for pay per head agents to read.

How to Prevent Money Line Juiced Parlay Bets

Here’s a reminder:  you, the per head agent, runs your own business. The bookmaking business belongs to you. Why must you allow players to add as many money line bets as possible to a parlay?

Nothing says you can disallow players from adding money line wagers to boost their parlay payouts. Just don’t allow it.

You can also put a limit to the number of teams placed into any parlay bet. There’s no reason, as an example, for someone to put 10 teams into a parlay. You can also decide to take a game off the board for parlay betting.

Thinking about the point spread is a good method to finding games to take off the board for parlay wagers. Clemson is favored by close to 40 points to beat Kent State in a Saturday game.

Clemson is such a huge favorite that it’s obvious odds makers came up with a random number.

Maybe, disallowing Clemson to be a part of any parlay bets makes sense because Vegas created a spread that appears to have nothing to do with research.

If you use smart management methods to prevent the big parlay score, the likelihood of a big parlay score happening is almost nil.

All online bookie agents should encourage parlay bets. The edge is definitely with the bookie.

Manage Risk With A Sportsbook Management Software

The right per head software will assist online bookies with risk management tools to keep online bookies thriving.

PayPerHead.com offers the best tools in the business for online bookies to become Master Agents. This software was made by bookies, for bookies, so they know what agents need in order to be successful.

Right now to kickoff the NFL Regular Season, online bookies can get their Prime Package for just $3 per head. That gives agents access to all their premium tools and features that generate cash, and manage risk.

This deal is only happening for a limited time, so sign up today, then call in and speak to a PayPerHead rep to get your $3 per head deal.