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The subject of staking in poker, or any gambling related business, is tricky. If it’s handled the wrong way, friendships are broken, money is lost, and nobody is happy. If done correctly, however, it can be a lucrative investment for the backer, and a valuable tool for the one being backed.

Here is what a basic poker staking agreement might look like. The Staker will give(stake) the Stakee a certain amount of money to gamble with. At the end of a pre-defined period of time, the Stakee will pay back the Staker the original “stake”, plus a certain percentage of the profits 918kiss android.

There are two important parts to this agreement. These two issues can lead to one party in the agreement getting a bad deal, even if neither party intends to harm the other. The first part that is important is the amount of time. The second is the percentage of the profits to be paid back.

Some people make the mistake of making the period of time too short. Poker, and any form of gambling, involves luck. Even if you are skilled and have an edge, there is a variable of luck. You won’t always win. Take, for example, the common agreement of someone being staked for one night of play. There is a $200 no-limit hold’em game. At the end of the night, the original stake is paid back, and the profit is split 50/50. The person being staked is a good player, they double their buy-in about 70% of the nights they play, and lose their buy-in only 30% of the nights they play. This would seem like a good proposition for the Staker, but let’s look at the math.

70% of the time, the Stakee will double his buy-in, and have $400 at the end of the night. The Staker would get his original $200 back, plus 50% of the profits, or $100. The Stakee would get the other $100. So, 70% of the time the Staker profits $100, and 70% of the time the Stakee profits $100.

30% of the time, the Stakee will lose his buy-in, and have $0 at the end of the night. The Staker will take the full $200 loss. So, 30% of the time, the Staker will lose 200, and the Stakee will have lost nothing.

Since 70% of the time, the Staker profits $100, and 30% of the time, the Staker loses $200. His average expected return is (.65)(100)+(.3)(-200) = (65) + (-70) = -5. With this deal, even though the Stakee is a good player and can beat the game 65% of the time, the Staker LOSES money!

Making money betting on horses starts with the bet and ends with the bet. A lot is written about the horses, the races, jockeys, trainers, etc. While all these horse racing factors are important, if you really want to make money playing the horses, there are certain bets you need to find and take advantage of to make sure you end up with a bigger bankroll than you started with.

Just as there are profitable wagers there are also bad bets that should be avoided. Let’s take a look at both kinds.

First of all, let’s talk about bad horse racing bets. If you want to find a bad bet, just search online for the stories about big upcoming races. You will find them on the popular horseracing websites. While they are interesting to read and inform us of all the drama and the richness of horseracing, they also tout the best horses and handicap the races to pieces. By the time the racing pundits are done, anyone and everyone knows all they need to know about the race สล็อต.

The horses will be bet down to ridiculous odds and you will find little value in the pools. Let’s face it, our job as handicappers is to find imbalance, meaning to find a horse that is worth 2-1 but is going off at 3-1. That is the whole game, though it certainly is no easy task. You will very rarely find such situations in big or highly touted races (the recent Belmont being an obvious exception).

So if you are looking for good horse racing bets, the opposite applies, shun the big races and look for the everyday races, whether claimers, allowance, maiden and don’t shy away from the smaller venues. You will find a horse by a little known trainer that is starting in a claiming race may be a better bet than that highly touted million dollar wonder in the Grade 1 race. The more scrutiny a race receives the less likely you will find a winner flying under the radar.

The best bets in horse racing are usually never spotted by a public handicapper and will be the product of you knowing the trainers and track better than the crowd.

Making money betting on horses starts with the bet and ends with the bet. A lot is written about the horses, the races, jockeys, trainers, etc. While all these horse racing factors are important, if you really want to make money playing the horses, there are certain bets you need to find and take advantage of to make sure you end up with a bigger bankroll than you started with.

Just as there are profitable wagers there are also bad bets that should be avoided. Let’s take a look at both kinds.

First of all, let’s talk about bad horse racing bets. If you want to find a bad bet, just search online for the stories about big upcoming races. You will find them on the popular horseracing websites. While they are interesting to read and inform us of all the drama and the richness of horseracing, they also tout the best horses and handicap the races to pieces. By the time the racing pundits are done, anyone and everyone knows all they need to know about the race.

The horses will be bet down to ridiculous odds and you will find little value in the pools. Let’s face it, our job as handicappers is to find imbalance, meaning to find a horse that is worth 2-1 but is going off at 3-1. That is the whole game, though it certainly is no easy task. You will very rarely find such situations in big or highly touted races (the recent Belmont being an obvious exception).

So if you are looking for good horse racing bets, the opposite applies, shun the big races and look for the everyday races, whether claimers, allowance, maiden and don’t shy away from the smaller venues. You will find a horse by a little known trainer that is starting in a claiming race may be a better bet than that highly touted million dollar wonder in the Grade 1 race. The more scrutiny a race receives the less likely you will find a winner flying under the radar.