Learning Pari Mutel And Jai Alai Betting Strategy

Gambling on games such as Jai Alai is both popular and exciting. There are a few kinds of Jai Alai betting strategy that are good to know for these events.

Jai Alai betting strategy in the United States is a system known as pari mutuel, the same system used in horseracing and greyhound racing. In this system, all wagers that are put up are pooled into one collective pool of money. After the event is over, a percentage of the pool is taken out to help pay for the event (typically 17% to 20%), and the rest of the money is equally divided among the winners. This system reflects public opinion more so than actual statistics or odds. In Jai Alai betting strategy, there are a number of things people can wager on, such as who will win, who will place first or second, or third, who can win consecutive matches, and a number of other things as well.

Boxing is one popular betting method that is essentially purchasing one ticket for every possible combination of bets to guarantee that at least one ticked bought will result in a win. This method uses permutations (multiplying one number by each consecutive number below it, for example 5 x 4 x 3 x 2 x 1) to determine how many tickets need to be bought. Generally speaking, complete boxing is not a good idea, simply because it costs too much to have to consistently buy dozens of tickets for every event. The most common strategy is to limit boxing to all of the most promising contenders for the first and second place players in no particular order (Quineila), for the first and second place players in order (Perfecta), or first, second, and third place contenders in order (Trifecta). By limiting the options to the best contenders, gamblers still hold strong odds of making a good profit without needing to wager on every single possible outcome to guarantee the win. The most important part of this strategy is to find a balance between good odds and a good price, and to remember that even the best probability in the world has a chance of failure if it is not 100%.

Wheeling is a tactic that is similar to boxing except that it focuses on one key player rather than focusing on each contender equally. For example, in boxing, Quineila means to gamble on who the first and second place winners will be where order is not important. In Quineila wheeling, 7 wagers are made: each individual team or player matched up with the chosen key player. If the person is right to believe that the key player they chose will win first or second place, they are guaranteed a win on one of their seven wagers. In Perfecta wheeling, the number of wagers is doubled to allow for the key team to be both first and second place. Trifecta wheeling is the most complicated one, and should often be limited to a few teams, similar to boxing, to avoid needing to purchase over one hundred tickets that can only guarantee one win at most.