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What Are Blackjack Side Bets?Side bets are bonus bets placed on a round of Blackjack on outcomes beyond whether the player or dealer will win. The majority are staked at the start of the round before the cards have been dealt alongside regular bets and many have fixed odds that usually offer greater payouts than the simple 2:1 rewarded for beating the dealer.Play Blackjack at Pinnacle Casino

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Side bets provide an exciting way to make Blackjack games more interesting whilst offering you a greater number of ways to win. So what are side bets, what side bets are available and are they worth it? Read on to find out.

Blackjack Side Bets Explained

Finding a niche market in betting can often lead to value. This can be anything from specialist knowledge of handball betting to extensive experience in betting on Japanese baseball. Providing you know more than the bookmaker, there is money to be made.  &lt;Bet on soccer at Pinnacle&gt; They also make for interesting and potentially profitable bets, as they can be a little more reliable

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A corner is one of the most inexplicably exciting events in soccer. Only around three per cent of them lead to a goal, but you can guarantee that the attacking team’s fans will roar their approval and encouragement if their team are awarded one. Read on to find out how you can benefit from betting on corners.

Corners betting in soccer: Value in a lesser-known market

Poisson Distribution is a mathematical concept for translating mean averages into a probability for variable outcomes across a distribution. For example, if we know Manchester City average 1.7 goals per game, so by putting the Poisson Distribution formula tells us that this average equates to Manchester City&nbsp;scoring 0 goals 18.3% of the time, 1 goal 31% of the time, 2 goals 26.4% of the time and 3 goals 15% of the time.

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Poisson Distribution: Predict the score in soccer betting

What is Expected Value?The amount a player can expect to win or lose if they were to place a bet on the same odds many times over, calculated through a simple equation multiplying your probability of winning with the amount you could win per bet, and subtracting the probability of losing multiplied by the amount lost per bet.A simple example of Expected Value (EV) put into practice -&nbsp;if you were

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The Expected Value of a bet shows us how much we can expect to win (on average) per bet, and as such is the most valuable calculation a bettor can make when comparing bookmakers' odds. How can you calculate Expected Value in sports betting in order to predict your winnings? Read on to find out.

How to Calculate Expected Value

<p>We have a team of editors and writers at Pinnacle, as well as a collection of external contributors, ranging from university lecturers and renowned authors, to ex-traders and esteemed sports experts. Collectively, the Pinnacle team and external contributors produce the educational content within Betting Resources.</p>


<p><span>Predicting the outright winner in a future market is not easy. Even in cases of a clear favourite,&nbsp;betting on the market leader involves tying up a significant amount of your bankroll for the duration of the tournament, at a high risk and for a relatively small reward. Unattractive? I thought so.</span></p>
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<p><span>Rather than looking directly at identifying the winner of a competition, this article explains how you can make a profit in the outright markets even before the competition is over by using the hedging strategy.</span></p>
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<h3>Hedge to guarantee profits</h3>
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<p><span>The concept of hedge betting involves placing bets on a different outcome, or outcomes, subsequent to an original bet in order to create a situation where there is a guaranteed profit, irrespective of whether the original bet wins or loses.</span></p>
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<p><span>For those familiar with <a href="https://www.pinnacle.com/en/betting-articles/betting-strategy/what-is-arbitrage-betting" target="_blank">arbitrage betting</a>, that also involves placing two or more bets on different outcomes for guaranteed profits, there is a key difference between the two strategies. The purpose of arbitrage is to spot discrepancies between the odds offered by different bookmakers and place bets on all possible outcomes accordingly.</span></p>
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<p><span>Hedging, on the other hand, is based on taking advantage of changes in circumstances and requires only one account, preferably with a bookmaker who <a href="https://www.pinnacle.com/en/promotions/winners-welcome" target="_blank">welcome winners</a> like Pinnacle. Here’s why we accept winners.</span></p>
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<p><span>Too good to be true? Read on to find out how to make profit from hedging with examples.</span></p>
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<h3>Hedging in practice</h3>
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<p><span>Hedging a bet on the winner of a tennis tournament is one of the most common uses of&nbsp;a hedge betting strategy. Before using it though, you should understand what it takes for the strategy to be successful. Let’s take the example of the WTA Wimbledon 2015.</span></p>
<blockquote>Hedging involves placing bets on different outcomes in order to secure a guaranteed profit irrespective of whether the original bet wins or loses.</blockquote>
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<p><span>Garbiñe&nbsp;</span><span>Muguruza, the Spaniard who had not gone beyond the second round in her two previous visits to the All England Club, surprised everyone when she managed to dispatch Radwanska and win a place in her first ever Grand Slam final against Serena Williams.&nbsp;</span></p>
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<p><span>The meteoric rise of the 21-year-old, however, was hardly out of nowhere. Muguruza had beaten Williams handily in the second round at Roland Garros in the year before and went into Wimbledon perfectly fit. The markets, however, failed to see a star in the making, with the Pinnacle Sport’s opening line for Muguruza to win the title at 41.00.&nbsp;</span></p>
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<p><span>Let’s say, for the sake of this example, that you had placed a bet of $10 on Muguruza to win Wimbledon at the opening odds. That would give you a return of $410 if she won the tournament. As the Spaniard progressed from round to round and reached the final against the Number 1, the odds for Williams to win the final (and therefore the tournament) were at 1.85, providing an ideal opportunity for locking in profits irrespective of the final outcome.</span></p>
<p><a href="https://www.pinnacle.com/en/landing/lite-app?article_app" target="_blank"><span><img src="/sites/default/files/media-image/en-pinnacle-lite-in-article-android.jpg" alt="en-pinnacle-lite-in-article-android.jpg" width="700" height="300" loading="lazy"></span></a></p>
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<p><span>To achieve a balanced return regardless of which player wins, you have to divide the return of the initial bet by the price of the opposite outcome (i.e. 410/1.85 = 221.62). Here's how the calculation of profit works:</span></p>
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<h3>Calculating profit</h3>
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<td><b><span lang="EN-US">Outcome</span></b></td>
<td><b><span lang="EN-US">Total amount wagered</span></b><span lang="EN-US"></span></td>
<td><b><span lang="EN-US">Odds</span></b></td>
<td><b><span lang="EN-US">Return</span></b></td>
<td><b><span lang="EN-US">Profit</span></b></td>
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<td><span lang="EN-US">Muguruza wins</span></td>
<td><span lang="EN-US">$10 + $221.62 = $231.62</span></td>
<td>41.00</td>
<td><span lang="EN-US">$10 x 41.00 = $410</span></td>
<td><span lang="EN-US">$178.38</span></td>
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<td><span lang="EN-US">Williams wins</span></td>
<td><span lang="EN-US">$10 + $221.62 = $231.62</span></td>
<td>1.85</td>
<td><span lang="EN-US">$221.62 x x1.85 = $409.99</span></td>
<td><span lang="EN-US">$178.37</span></td>
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<p><span>The above example illustrates how the correct assessment of the performance of a player offered the opportunity of a guaranteed profit in the outright market of the Wimbledon, allowing you a profit of more than $178 for a risk of only $10, as well as the luxury to enjoy the final safe in the knowledge that you are already a winner.</span></p>
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<h3>Adjust hedging to your advantage</h3>
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<p><span>To make things more interesting, hedging allows you to distribute the risk, and hence your winnings, based on your judgment regarding the final outcome. Let's say, for example, that you believed Williams would win the final and wanted to secure a higher profit. For that, you would have to increase the amount bet on Williams. Here's one way to distribute the profit in favour of the outcome by placing $300 on Williams at 1.85 ahead of the final.&nbsp;</span></p>
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<h3>Adjusting the hedge</h3>
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<table width="499" height="98" class=" article-table">
<tbody>
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<td><b><span lang="EN-US">Outcome</span></b><span lang="EN-US"></span></td>
<td><b><span lang="EN-US">Total amount wagered</span></b><span lang="EN-US"></span></td>
<td><b><span lang="EN-US">Return</span></b></td>
<td><b><span lang="EN-US">Profit</span></b></td>
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<td><span lang="EN-US">Muguruza wins</span></td>
<td><span lang="EN-US">$10 + $300 = $310</span></td>
<td>$410</td>
<td>$100</td>
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<td><span lang="EN-US">Williams wins</span></td>
<td><span lang="EN-US">$10 + $300 = $310</span></td>
<td>$555</td>
<td>$245</td>
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<p>In the above scenario, you make a net profit of $245 without having increased your risk of $10. Had you bet the same amount on the opening line for Williams to win the tournament at 3.50, that would have given you a mere profit of $25 and a bit more of a headache until she secured the title.</p>
<p>Hedge betting is one way to guarantee a profit but understanding the maths involved is crucial as one slight mistake could cost you a lot of money. You can use this guide on how to hedge a bet for future reference - if you want to hedge a bet, do it with the best odds online at Pinnacle.</p>

From the world of finances to casino games, hedging is a key strategy applied across the board by professional bettors as a means of reducing risk and securing winnings. Here’s how to use hedging in the outright sports betting markets to secure profits.