One of the most convenient methods for funding online gambling accounts is no longer available to Canadians.
Skrill (Moneybookers) recently announced that it “has reached a decision to cease processing gambling payments in Canada.” Payments to gambling merchants will no longer be processed as of Jan. 2, and payments out will be discontinued as of Jan. 31.
This is a big loss for Canadians who prefer to do their sports betting online. Skrill was easy to set up and use, limits were high, fees were low and it was accepted by top books Pinnacle Sports, Bet365 and Sport Interaction.
However, there are still many reliable and even convenient ways to fund your online sportsbook account. Here’s a look at your options:
Accepted by Pinnacle Sports, Bet365
You never have to fund your Instadebit account before using it to transfer funds to a sportsbook. When you open an Instadebit account you will attach your Canadian bank account and they will assign you a weekly transaction limit. Then you can instantly deposit into your sportsbook account …
Using sportsbooks that offer dimeline odds will provide you with a substantial advantage when it comes to baseball betting.
The term ‘dimeline’ means when the difference between what favorites and underdogs pay on a moneyline wager is 10 cents. For example, if the Mets are listed as -130 favorites and the Dodgers are listed as +120 underdogs, the difference between the line is 10 cents – or a dimeline.
Compare the dimeline to the standard 20-cent line that most sportsbooks use. With a 20-cent line, the Mets might still be a -130 favorite but the Dodgers would pay only +110 as underdogs.
Simply put, sportsbooks that offer dimelines on baseball betting (like Pinnacle Sports and 5Dimes) are charging you less juice (or vigorish) than those who only offer 20-cent lines. And that can make a big difference to your bottom line, particularly if you – like most successful baseball bettors – bet on a lot of underdogs.
The same applies to betting on totals. Most sportsbooks offer a 20-cent line on totals (over -110, …
Want to bet on a heavy favourite in baseball but you don’t want to lay the big juice?
You have options.
1. Bet the runline
The runline in baseball is the equivalent of the point spread in football or basketball and the puck line in hockey. Basically, if you bet a favourite on the runline, you’re betting that your team will win by two runs or more. Having that extra handicap on your bet often means turning a heavy favourite into a slight underdog, so you’re risking less to win more.
Tonight, for example, the Phillies with Roy Halladay are a -215 favourite over Milwaukee and Randy Wolf. Laying -215 means you have to bet more than twice the amount you’re hoping to win back, something that’s hardly ever a smart bet in baseball. But if you took the Phillies on the runline (-1.5 runs), you’re getting +100 or better at more sportsbooks. At that line, you’ll double your money or even get a bit more if the Phillies win by two or more.
A few years ago, I thought I had come up with a great system for winning at Blackjack.
Blackjack, if played properly, is as close to a 50-50 proposition as you’ll find at the casino. In a six-deck shoe, the house carries only a 0.64 % advantage over the player. In an eight-deck shoe, the house has a 0.66 % edge.
So, I reasoned, if your chances of winning a hand are pretty much 50%, what are the odds that you’ll ever lose more than 6 or 7 hands in a row?
With that mindset, I decided to increase my bet after every loss, thinking that when I finally won a hand, it would make up for most of my previous lost hands in a series.
I would start with a $5 bet, then increase to $10 if I lost, then $15 (which would cover the previous two losses if I won) and then $20 (which would make up for all but $10 of my losses in the series). If I lost the $20 bet, …
Betting can be a lot like a woman.
Once you think you’ve got it all figured out, it can turn on you in a hurry. I got that reminder about a month ago. Things were going great in 2010 as I’d nearly doubled my bankroll from the start of the year.
Then, all of a sudden, I felt like I couldn’t win. It was one of those losing streaks that every bettor, no matter how good they are, encounters from time to time. Within a few weeks, I’d given back a good chunk of my earnings from this year. It’s not like I was doing anything different, either. I was still betting the same amount per game as I always do, I wasn’t chasing losses by betting on games because I felt I was due, I wasn’t taking a lot more heavy favourites or big underdogs.
I just wasn’t getting the breaks, losing pretty much every baseball game that went to extra innings or any football game that went down to the final minutes.
But the good news is, I’m …