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One for the Road; and some Basic Info Betting

One more bet at BetJamaica, and of course, I win it at BetJamaica.  I finished that quest having 2 of 9 bets made break the way I wanted them to.  I damn near busted my whole stake out of Pinney.  Surprised

So now I have just under $5K in BetJamaica, and given my banking snafus there, it may be a few days before I can get it out.  Maybe not, though.  I really don't know, having never cashed out of BetJM before.  I am also not sure if I will be able to deposit for a reload bonus there next time.  Guess I'll be finding that out, too!

I have quite a wad in Neteller.  I suppose I could just deposit someplace else for a bonus and then bet against BetJM instead of Pinney for a change.  Maybe scare them at Pinney that I'm not going to reload.  Think I could get a bonus out of Pinney if I did that?  Dare to dream, eh?

I checked my web stats yesterday, and this blog is considerably more popular than the last time I checked web stats.  That means new people are here - and I mused in yesterday's post about how my whining about winning bets I was making was probably confusing to new readers here.  So, I have decided that some basic info on sports betting "Bull style" might be in order.

For starters, "betting Bull style" was NOT invented by me.  As much as I'd love to take credit for being ever so clever, I am just a practitioner of scalping - and that's been around for a long long time.  What is "scalping"?  You've probably heard the term used in conjunction with tickets to a ball game or concert:  the scalper buys the tickets at a low price and tries to resell them at a higher price.  Scalping is roughly the same thing in sports betting, except that the wagering lines are written in such a way that it is not inherently obvious.  In essence, I am buying a bet from one book and selling it to another book for a profit.  Here is a simple example of how that might work:

The Steelers are playing the Browns.  Your buddy Tim is a die-hard Browns fan.  He is willing to bet even money any amount that the Browns are going to win.  Dave is a Steelers fan, and he is offering you 2-1 odds for $10 (bet $10, win $20) that the Steelers will win.  How can you use this to guarantee a profit?

Take Dave's bet.  You now have $10 on the Browns that pays $20 if the Browns win.

Bet Tim $15 that the Steelers will win. You now have $15 on the Steelers to win $15.

Now, no matter which team wins, you will be $5 ahead.  If the Steelers win, you lose your $10 to Dave, but win $15 from Tim.  (You sold Dave's bet to Tim for a $5 profit.)  If the Browns win, you lose your $15 to Tim, but you've won $20 from Dave.  (You've sold Tim's bet to Dave for a $5 profit.)

You'll never find an example that clean (or profitable) between internet sportsbooks.  The math you'll need to employ to scalp online is more complex, and the profit margins are smaller.  But it can be done.

Enter the bonus.  Many online sportsbooks will offer you a deposit bonus that immediately goes into your account.  With the added presence of the bonus, it is now possible to sell your bet from one book to another at a small loss and still be profitable.  In my basic example, you probably wouldn't mind selling Tim's bet to Dave for a $2 loss, if Jerry was giving you $5 to do it.  You take a loss on the sale, but make $3 profit overall.  The addition of bonuses makes scalping much easier.

So why all my whining about BetJamaica?  I was hoping to sell my BetJamaica bets to Pinnacle.  I was hoping this because the bonus chasing would go faster, and because I was hoping to avoid cash out hassles from BetJamaica.  Having no control over the outcome of the events, I ended up selling my Pinnacle bets to Betjamaica.  I still made money on the deal, but now I have to figure out the cashout process from BetJamaica, etc.

If this type thing interest you, then keep reading here, on the website proper (www.bullsbetting.com) and in the forum, where a lot of good information is available to help you learn the ins and outs of scalping.  It can be quite profitable.

Happy Chasing!

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