Richard Ferguson

Dummies guide to gambling


Written by Richard Ferguson (Richard Ferguson)

Posted in :Original Content on 23 Jul 2010 at 12:38

How many games a weekend are televised that you sit and watch and you are not sure which team to support. After reading the below article you will be able to dabble in a bit of gambling, and making it interesting when watching the bottom feeder games.

Odds

First thing to understand is how odds work. Odds are fractional and should be seen as a percentage return on investment. Quick example: 5/1 is read as five-to-one. Meaning for every 1 rand bet, you will win an additional 5 rand. So if you had to bet 100 at 5/1, you would win 500 plus the original 100 you bet, meaning your pay out will be 600. Make sense?

Some odds do look complicated, like 28/10 and 5/2, all you have to do is attach the monetary value you want to bet to the odd. 5/2 = 2,5, meaning that for every 1 bet, 2,5 will be won. Same with 28/10 = 2,8 will be won for every rand.

Now in rugby, especially with one sided games, you will see an odd of 8/10. This usually donates a favourite. A favourite is the team where the least amount of money will be won, ie the lowest odd. 8/10 = 0,8 which will mean that you win 0,8 per 1 unit bet. You may ask why you would want to bet and get less back, but you have to remember that you get the money you bet back. So if you have to put 100 on an 8/10 team, you would win 80 and get your 100 back, meaning you get a 80% return on your bet. Easy hey?

Handicaps

Now that you can read and understand an odd, its time to take the step up to handicaps. Handicaps are the technical term for a headstart. It would be unfair to try and bet on NZ if they play Italy, as the result is a given. This would mean a very small odd. So to make it interesting, a handicap is given to the game. In the case mentioned, Italy would be given a headstart of 35 points. Your odd will now be increased as you have to analyse whether you think NZ will beat the Italians by 36 points or whether Italy will be able to hold on to lose by 34 points or less. A difference of 35 points would then be a draw for all intents and purposes. In the case of Marshalls World of Sport, they quote a handicap as 35,5 which eliminates the draw, so NZ would need to win by 36 or more and Italy lose by 35 or less.

Example

Lets take the Sharks game tonight against the Pumas as an example:

There are two odds. The Sharks to win outright (without any handicap, just win) or the Sharks to win on handicap.
The Sharks to win outright is 1/100
Pumas to win outright is 15/1
The draw is 66/1

So to win a R100 on the Sharks tonight, you would have to bet R10 000. Seems a bit risky doesn’t it?

The handicap selected to make this game even is 30,5 points.
The odds for both teams are 1/1 (known as even money) meaning that for every rand bet, you will win a rand. So you double your money.

And it’s really as easy as that. If you have any questions or you do not quite understand anything, please do not hesitate to drop me an email and I will do my best to help, [email protected]

Winners know when to stop. National responsible gambling toll-free helpline: 0800 006 008
Please visit www.responsiblegambling.co.za if you are addicted to gambling.



85 Comments

  • NICE

  • Comment 1, posted at 23.07.10 12:41:47 by Clayton(PJLD) Reply
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  • Just make sure he goes down in the fourth… ;-)

  • Comment 2, posted at 23.07.10 12:44:04 by DarkDestroyer Reply

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  • Thanks RF kove this

  • Comment 3, posted at 23.07.10 12:45:30 by ruggabugga Reply

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  • i mean love this arti !! :lol: :razz:

  • Comment 4, posted at 23.07.10 12:46:13 by ruggabugga Reply

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  • @DarkDestroyer (Comment 2) : I don’t get it? Down in the fourth?

  • Comment 5, posted at 23.07.10 12:46:33 by Richard Ferguson Reply
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  • nice arti, can’t help thinking though- is it a bow to the generous sponsors ;-)

  • Comment 6, posted at 23.07.10 12:47:16 by rekinek (Go Klose!) Reply
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  • @rekinek (Go Klose!) (Comment 6) : I was asked to explain gambling as a result of bloggers not knowing what to do with their fantasy league winning prizes :mrgreen:

  • Comment 7, posted at 23.07.10 12:49:35 by Richard Ferguson Reply
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  • @Richard Ferguson (Comment 5) : Na, just being silly, quoting a line from the movie SNATCH… Always on about bookies and betting etc… Good article mate.

  • Comment 8, posted at 23.07.10 12:53:15 by DarkDestroyer Reply

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  • @Richard Ferguson (Comment 7) : :mrgreen:

  • Comment 9, posted at 23.07.10 12:56:02 by rekinek (Go Klose!) Reply
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  • @DarkDestroyer (Comment 8) : i love this movie :grin:

  • Comment 10, posted at 23.07.10 12:56:45 by rekinek (Go Klose!) Reply
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  • @rekinek (Go Klose!) (Comment 10) : Indeed, great flick…

  • Comment 11, posted at 23.07.10 12:57:48 by DarkDestroyer Reply

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  • @DarkDestroyer (Comment 8) : Oh okay, I was lost there for a minute.

    Thanx..

  • Comment 12, posted at 23.07.10 12:58:25 by Richard Ferguson Reply
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  • Just for the record how many points do I need to be a 2 star kinda guy, I am sitting on 805 points but still only Under 19? Not wanting to push quantity before quality just curious…

  • Comment 13, posted at 23.07.10 12:59:12 by DarkDestroyer Reply

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  • @DarkDestroyer (Comment 13) : 2 stars is 2500 points

  • Comment 14, posted at 23.07.10 13:02:38 by Richard Ferguson Reply
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  • @Richard Ferguson (Comment 14) : My mistake, it actually is 1000 points. Sorry :oops:

  • Comment 15, posted at 23.07.10 13:04:24 by Richard Ferguson Reply
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  • Im trying to bet on the Bokke tomorrow but that rugby union screen is still confusing.Maybe its a sign

  • Comment 16, posted at 23.07.10 13:05:27 by Clayton(PJLD) Reply
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  • @Clayton(PJLD) (Comment 16) : :lol:

  • Comment 17, posted at 23.07.10 13:09:04 by rekinek (Go Klose!) Reply
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  • Nice article Richard…. but i’m looking for the following each week from our betting expert:

    Bet of the Week !

    Banker of the Week !

    Worth a Punt of the Week !

    Hail Mary of the Week !

    …..only on Rugby of course…not dodgy SAfrican gee gee’s !

    ….then i can make some money to pay for my airfare home !

  • Comment 18, posted at 23.07.10 13:10:02 by Hertford Highlander Reply
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  • @Clayton(PJLD) (Comment 16) : Once you hit Rugby union, it opens two options.. Tri Nations and Currie Cup..

    Select Tri Nations

  • Comment 19, posted at 23.07.10 13:10:22 by Richard Ferguson Reply
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  • @Richard Ferguson (Comment 15) : Shot mate… Got some typing to do…

  • Comment 20, posted at 23.07.10 13:11:15 by DarkDestroyer Reply

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  • @Hertford Highlander (Comment 18) : Hahaha.. I will start with the punters weekly guide next week.. I really can’t do it today.

    BTW.. “Hail Mary of the Week”?

  • Comment 21, posted at 23.07.10 13:12:12 by Richard Ferguson Reply
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  • @Richard Ferguson (Comment 21) :

    Hail Mary of the Week

    ….sort of an accumulator !

    eg. This week

    Australia, Sharks, Bulls, WP, Girquas

  • Comment 22, posted at 23.07.10 13:19:19 by Hertford Highlander Reply
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  • @Hertford Highlander (Comment 22) : For interest sake, that bet would accumulae to only 3/1

  • Comment 23, posted at 23.07.10 13:23:24 by Richard Ferguson Reply
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  • @Hertford Highlander (Comment 22) : The sharks and WP are way too short to be included in that bet.. 1/100 and 3/100 respectively.

  • Comment 24, posted at 23.07.10 13:24:19 by Richard Ferguson Reply
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  • @Richard Ferguson (Comment 23) : @Richard Ferguson (Comment 24) :

    ok… ok…. i’m not the betting expert Rich….. i was just trying to illustrate the idea… :mrgreen:

  • Comment 25, posted at 23.07.10 13:29:49 by Hertford Highlander Reply
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  • Great article Rich but it just pisses me off even more. with the betting sites blocked in KSA I never really KNEW what I missed out on. :razz:

    Now with this article I am REALLY pissed coz I KNOW what I am missing. :oops:

  • Comment 26, posted at 23.07.10 13:33:24 by KSA Shark © Reply

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  • @Hertford Highlander (Comment 25) : Sorry Hert.. I wasn’t trying to sound like a smart arse. But I like the idea.. and if you don’t mind, I would like to use the Hail Mare as the name of the bet?

  • Comment 27, posted at 23.07.10 13:37:27 by Richard Ferguson Reply
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  • @KSA Shark © (Comment 26) :

    Can’t believe you are supporting Canterbury in the ITM Cup ! :mrgreen:

  • Comment 28, posted at 23.07.10 13:38:23 by Hertford Highlander Reply
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  • @KSA Shark © (Comment 26) : I’m glad to hear that you enjoyed the article KSA.. Sorry that you are missing out on the above.. we could always arrange something, I could email you the odds and you tell me what you want.. :idea:

  • Comment 29, posted at 23.07.10 13:38:49 by Richard Ferguson Reply
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  • @Hertford Highlander (Comment 28) : On the point, was is wrong with North Harbour?

  • Comment 30, posted at 23.07.10 13:39:31 by Richard Ferguson Reply
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  • @Richard Ferguson (Comment 27) :

    You are the furthest thing from a smart arse on this site.

    Do your mean ‘Hail Mary’ (the idea being that you will lucky if they all come in ) ! ;-)

  • Comment 31, posted at 23.07.10 13:40:09 by Hertford Highlander Reply
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  • @Richard Ferguson (Comment 29) :

    Set him up an account….infact we could have a syndicate….now that’s an idea !

  • Comment 32, posted at 23.07.10 13:41:19 by Hertford Highlander Reply
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  • @Richard Ferguson (Comment 29) : and then you would tell him what YOU want :mrgreen:

  • Comment 33, posted at 23.07.10 13:41:38 by rekinek (Go Klose!) Reply
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  • @KSA Shark © (Comment 26) : can you get through with a proxy?

  • Comment 34, posted at 23.07.10 13:41:46 by lostfish Reply
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  • @Richard Ferguson (Comment 30) :

    North Harbour…. where do i start….in fact i’m not going to !

    I always pictured you as a South Islander !

    ….. theres always time to convert you !

  • Comment 35, posted at 23.07.10 13:42:53 by Hertford Highlander Reply
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  • @Hertford Highlander (Comment 31) : Yes, I would like to use the Hail Mary as the accumulator bet, without any copyright issues on your side.. :smile:

  • Comment 36, posted at 23.07.10 13:44:45 by Richard Ferguson Reply
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  • @Hertford Highlander (Comment 32) : I like the way you think.. a betting syndicate, splitting the risk and increasing the chances of a return.. very good idea!!

  • Comment 37, posted at 23.07.10 13:45:48 by Richard Ferguson Reply
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  • @rekinek (Go Klose!) (Comment 33) : :mrgreen: You seem to know me too well!!

  • Comment 38, posted at 23.07.10 13:46:24 by Richard Ferguson Reply
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  • @lostfish (Comment 34) :

    YIP I can but becasue my company supplies the internet the sites we visit or proxies we use are monitored very closely. :(

  • Comment 39, posted at 23.07.10 13:46:31 by KSA Shark © Reply

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  • @Hertford Highlander (Comment 35) : In all honesty, I have no idea which Super 14 team they link to.. so it was a ase of eenie meenie mynie mo in selecting the team to support..

  • Comment 40, posted at 23.07.10 13:47:27 by Richard Ferguson Reply
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  • @KSA Shark © (Comment 39) : that is very big brother like…

  • Comment 41, posted at 23.07.10 13:48:00 by lostfish Reply
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  • @KSA Shark © (Comment 39) : Thats kak!! And via your cellphone? You can do cell betting you know?

  • Comment 42, posted at 23.07.10 13:48:22 by Richard Ferguson Reply
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  • @Richard Ferguson (Comment 40) :

    They are the Blues Francise

    Harbour Players of Note

    Tony Woodcock & Anthony Boric

    …..right i have to do some work !

  • Comment 43, posted at 23.07.10 13:54:16 by Hertford Highlander Reply
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  • @Hertford Highlander (Comment 43) : Oh okay.. not too bad a choice then.. let me know when you not too busy which team the Highlanders are..

  • Comment 44, posted at 23.07.10 13:55:53 by Richard Ferguson Reply
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  • Thanx Rich, Is it possible to maybe make the thread a permanent link for future reference?

  • Comment 45, posted at 23.07.10 13:59:48 by Jarson Reply
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  • @Richard Ferguson (Comment 42) :

    They don’t even have MMS on our mobile phones. The internet is censored heavily weather it is mobile or PC.

    Is a proxy for mobiles available?

  • Comment 46, posted at 23.07.10 14:00:46 by KSA Shark © Reply

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  • @Hertford Highlander (Comment 35) :

    Auckland blues Flanker Tom Chamberlain’s parents are teachers with Kette. His little sister and my daughter are “BFFs” :oops: he played a few games for us in KSA when he was 15.

    I THINK he is a North harbour player.

  • Comment 47, posted at 23.07.10 14:03:11 by KSA Shark © Reply

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  • @Jarson (Comment 45) : You are going to have to ask the men in charge about that.. I wouldn’t know where to start to make it permanent or to make it a link..

  • Comment 48, posted at 23.07.10 14:03:27 by Richard Ferguson Reply
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  • @Richard Ferguson (Comment 44) : I think it’s Otago (surprise surprise…) and Southland.

  • Comment 49, posted at 23.07.10 14:03:46 by rekinek (Go Klose!) Reply
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  • @KSA Shark © (Comment 47) : so you have connections ;-)

  • Comment 50, posted at 23.07.10 14:06:18 by rekinek (Go Klose!) Reply
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  • @KSA Shark © (Comment 46) : Thats hectic!! We will have to do it via email then or work something else out. But if it is going to cause you kak, you would rather just leave it I suppose..

  • Comment 51, posted at 23.07.10 14:08:32 by Richard Ferguson Reply
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  • @Jarson (Comment 45) :

    @Richard Ferguson (Comment 48) :

    pretty straight forward to do, will discuss with Rob.

  • Comment 52, posted at 23.07.10 14:08:55 by KSA Shark © Reply

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  • @Richard Ferguson (Comment 51) : i see you’re luring KSA :mrgreen: a secret code could also be used ;-)

  • Comment 53, posted at 23.07.10 14:11:02 by rekinek (Go Klose!) Reply
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  • @Jarson (Comment 45) : And I can always email you the article, or if you need help you can email me..

  • Comment 54, posted at 23.07.10 14:12:12 by Richard Ferguson Reply
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  • @KSA Shark © (Comment 52) : :cool: :mrgreen:

  • Comment 55, posted at 23.07.10 14:12:50 by Jarson Reply
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  • @rekinek (Go Klose!) (Comment 53) : Its getting all secret mission here.. haha..

  • Comment 56, posted at 23.07.10 14:14:08 by Richard Ferguson Reply
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  • @Richard Ferguson (Comment 54) : Mail will be good either way :smile:

  • Comment 57, posted at 23.07.10 14:14:45 by Jarson Reply
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  • How will this syndicate thing work :mrgreen:

  • Comment 58, posted at 23.07.10 14:16:54 by Jarson Reply
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  • @Jarson (Comment 58) : What it entails is that a bunch of people put in money and take bets like on the sharks and bulls, which are dead set winning games, but because the odds are so bad its no use to only put a small amount on it.

  • Comment 59, posted at 23.07.10 14:21:39 by Richard Ferguson Reply
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  • @Richard Ferguson (Comment 59) : could work :idea:

  • Comment 60, posted at 23.07.10 14:26:55 by Jarson Reply
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  • @Jarson (Comment 60) : Its a pooling of money and a pooling of knowledge..

  • Comment 61, posted at 23.07.10 14:29:00 by Richard Ferguson Reply
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  • What happens when u lose a bet for example. Odds are 8/10 and I bet 100 on the Sharks(10)? I lose my 100 obviously but do u have to pay in? Or will a dude come looking for me with a bat?

  • Comment 62, posted at 23.07.10 14:36:02 by Jarson Reply
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  • @Jarson (Comment 62) : You only stand to lose what you bet.. thats it..

  • Comment 63, posted at 23.07.10 14:44:48 by Richard Ferguson Reply
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  • I’ve never understood why they don’t just normalise the buy in to 1 and then decimalise the pay out. It would make things so much simpler.

    e.g. 5/3 = 1/0.6

    Might have something to do with recurring decimals but there’s way around that.

  • Comment 64, posted at 23.07.10 14:48:03 by klempie Reply

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  • Thanx for helping out a dummy :oops: But rather a dumb Jan than a broke Jan :razz:

  • Comment 65, posted at 23.07.10 14:49:34 by Jarson Reply
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  • Okay here`s what I did for the weekend, you guys tell me what you think.

    I went with the multiple Handicap option : WP -27 and Griquas -3 ( So WP has to win by more than 27 and Griquas by more than 3 ) This gives me 3 to 1 hehehe

    Think I`m in with a shot?

    A word of warning : Soccer has 3 possible outcomes and it`s a lot harder to predict than rugby . . .
    Don`t make the same mistakes I did, stick to what you ” think you know” . . . :roll:

  • Comment 66, posted at 23.07.10 14:49:45 by Original Pierre Reply
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  • @klempie (Comment 64) : Its ease of reference really, like an international standard.

    5/3 would be 1.6/1 (its always an amount to one)

  • Comment 67, posted at 23.07.10 14:50:07 by Richard Ferguson Reply
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  • @Original Pierre (Comment 66) : I reckon its a good bet, and a pretty good price for only two games..

    Technically, both rugby and soccer has the draw option, its just more likely to happen in soccer..

  • Comment 68, posted at 23.07.10 14:51:58 by Richard Ferguson Reply
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  • @Richard Ferguson (Comment 63) : Not necessarily. If you go high on Griquas at 5 for say R 10 a point and Lions pull of an upset victory you stand to lose a lot more than R 10 . . .

  • Comment 69, posted at 23.07.10 14:52:04 by Original Pierre Reply
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  • 1 more question: Sharks v Pumas right. How will they write the odds 5/2 or 2/5? In other words which number represents which team?

  • Comment 70, posted at 23.07.10 14:52:52 by Jarson Reply
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  • @Original Pierre (Comment 69) : Thats spread betting Pierre, and we don’t really have spread betting in SA.

    And what I said in the article above has nothing to do with spread betting.

  • Comment 71, posted at 23.07.10 14:54:41 by Richard Ferguson Reply
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  • @Jarson (Comment 70) : The number does not relate to a team.. it relates to a percentage or return as such.

    Each team will have their own return if they had to win..

  • Comment 72, posted at 23.07.10 14:55:54 by Richard Ferguson Reply
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  • @Richard Ferguson (Comment 71) : A friend of mine insists the easiest way to make money is spreadbetting on batsmen in cricket.

    Unfortunately I just don`t know enough about cricket!

    The site I`m with offers spreads for the rugby though.

    ie :
    Sharks over Pumas by 28 – 31
    WP over Leopards by 26 – 29
    Kwasse over Lions by 2 – 5
    Bulls over FS by 8 – 11

    Thoughts?

  • Comment 73, posted at 23.07.10 15:01:27 by Original Pierre Reply
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  • @Original Pierre (Comment 73) : I have never dealt with spread betting, so I dont really know what the numbers in your teams mean?

    Explain please..

  • Comment 74, posted at 23.07.10 15:11:28 by Richard Ferguson Reply
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  • @Original Pierre (Comment 66) : the only thing that confuses me is that WP is not playing Griquas this week :mrgreen:

  • Comment 75, posted at 23.07.10 15:12:54 by rekinek (Go Klose!) Reply
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  • @Richard Ferguson (Comment 74) : urm okay I`ll explain. I thought you were gonna give me hints!

    By Sharks over Pumas 28 – 31 they predict the sharks will win by between 28 and 31. If you feel the sharks won`t win this far you ” go low ” on the sharks at 28 at say R 10 a point. If the Sharks then only win by 20 you win 28 less 20 times R 10 = R 80
    If the sharks should win by 40 you will lose R 90

    It keeps rugby interesting long after the winner has been established :lol:

  • Comment 76, posted at 23.07.10 15:20:16 by Original Pierre Reply
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  • @Original Pierre (Comment 76) : Thats like a margin thing

  • Comment 77, posted at 23.07.10 15:22:49 by Jarson Reply
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  • @Original Pierre (Comment 76) : Oh okay.. I had the just of it.. I didnt know they gave you a range to work with.. I suppose that the range gives the bookmaker some range of safety..

  • Comment 78, posted at 23.07.10 15:27:28 by Richard Ferguson Reply
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  • I havent checked out Marshalls World yet, is there minimum/maximum bets or can u bet what u like? :smile:

  • Comment 79, posted at 23.07.10 15:32:08 by Jarson Reply
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  • I am not sure about the minimum bet on Marshalls, but I know of other betting sites that enforce a minimum bet of R20..

  • Comment 80, posted at 23.07.10 15:34:37 by Richard Ferguson Reply
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  • Who do I sue if I lose more than I make? :wink: :grin:

  • Comment 81, posted at 23.07.10 15:40:03 by Jarson Reply
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  • @Jarson (Comment 81) : You phone the number at the bottom of the article :mrgreen:

  • Comment 82, posted at 23.07.10 15:43:18 by Richard Ferguson Reply
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  • @Jarson (Comment 81) : you may try with the person who induced you to place it in a first place… suspiciously blue mammal :mrgreen:

  • Comment 83, posted at 23.07.10 15:43:31 by rekinek (Go Klose!) Reply
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  • @rekinek (Go Klose!) (Comment 83) : @Richard Ferguson (Comment 82) : Hehehe :grin:

  • Comment 84, posted at 23.07.10 15:47:00 by Jarson Reply
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  • All bets are off!

  • Comment 85, posted at 23.07.10 23:53:03 by Rahul Reply

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