Sports Betting Sucks – Why Do I Keep Losing?

If you find yourself saying that sports betting sucks, then you really need to learn sports betting secret #3.

Sports Betting Secret #3: Keep Your Emotions In Check

Like I said above, this is something that is much easier said than done. This is the part that kills most sports bettors. Sports betting, in theory, should be 100% logical. You set up some rules and you follow them 100% of the time. However, it can be very difficult to not get upset if you are losing; especially if you are betting a lot of money.

But if you understand the law of averages, you will know that losing streaks sometimes happen just like winning streaks happen. Losing money can be a very emotional thing for people. As much as I advise people not to, they often bet money that they cannot afford to lose. NEVER DO THAT. Then they start making panic bets hoping to get lucky, and that almost never works out.

You have to set up your betting system so that you will not let your emotions get the best of you. This includes proper money management so that you are not betting with money that you cannot afford to lose. This also includes sticking to the system and commit to only taking the bets that the system tells you to take. That way you will be able to set your emotions about the games aside. You want to run your sports betting as if it was a business, not entertainment.

I have found that merely starting to view my sports betting objectively as a business, has helped me completely detach my emotions from the betting. And right at the time that I was able to realize this, I really started having a lot more success as a sports bettor. I firmly believe that mastering your emotions so that you can effectively handle the ups and downs really separates the sports bettors that make big bucks and those that do not.

Make Money On Sports Betting

Millions of people participate in sports gambling each and every day. The overwhelming consensus opinion is that it is impossible to win money from sports betting. While it is true that it can be extremely difficult to make money on sports betting, it is not impossible.

One comparable is the stock exchange. So many people lose tons and tons of money on the stock exchange, but so many people are millionaires because of it. The same applies in gambling. Every system in our society has inefficiency. If gambling, or any other business were perfectly efficient, then there wouldn’t be any reason for anyone to gamble on sports.

If you’re currently failing to make a significant profit in sports gambling, the main thing you should try and do is better control your bank account. Let’s say you have $100. You’re probably wagering between $10 and $25 per bet. Lose a few bets and you’re done. To remedy this, never bet more than 1% to 5% of your bankroll. This will allow for sustainable growth over time rather than immediate spikes or dips in your account.

You should also try and analyze your bets extremely thoroughly and give them star ratings, or confidence ratings on a one star to five star scale. A five star bet may be a $5 bet, whereas a two star bet may only be for $1. Assuming you’ve done your research correctly, your five star bets should allow you to make profit over the one or two star losses that might come.

But you need to make sure you’re doing the proper research necessary. This may be an all day activity, figuring a consensus on the game, as well as keeping up with injury reports. If you don’t think you can do this, then there are definitely other options. These are sports betting systems, and sport handicapping services.

For example, an NBA betting system may say that when a team loses three straight on the road and are at home their next game, bet the spread. Systems like this often have great success, you just need to find the right system because there are so many scams in this industry. The same goes for sport handicappers. Find the right one, and you can hit on 60% – 65% of your games, but finding a bad one-which is much more likely- and you can lose your whole bank account.

Sports Betting Revolution – Unlock the Spread Monopoly and Collusion

What If the betting line or spread was established by four sports advisory companies without collusion or previous knowledge of each others numbers!

Lets face some facts about this number or point spread that usually comes from one Sports Advisory Group. This number is sold or distributed to the sports betting outlets online and the legal Sports Books in Nevada. These outlets put their little tweak on the line by 1/2 point or 1 point or an extra $5 on the money odds. However, everybody will post their number which is the same or within a point of each other. This is the equivalent of price fixing and collusion in any other industry.

How come the Sports Betting Industry has the same price or spread on their betting board? WHY – because nobody wants to rock the boat!

What if this process of establishing a betting line was not a monopoly but was provided by at least four sports consulting groups that were independent of each other. Each group would then post their calculated number for the worldwide sports betting outlets to buy and use for their operation.

This new mode of operation would unlock the monopoly that exists when the line is established. Now what happens? Would some books dare to post numbers that are different from others by 4 or 5 points either way. I doubt it since nobody wants to rock that boat. Is this collusion by the sports books so they can keep their share of the market and not create a price or point spread war.

The process of constructing the point spread number is probably done through a software program with all the statistics and other information to get a base number. Then the actual number is refined to include public perception as to where the public will place their money. It is no secret that Sports Books speculate or predict at what number the public will be evenly divided.

There are a number of times when the line is not even close to the final score. They do come close about 65% of the time. However, when the spread is minus 7 and the favorite wins by 21 points or the underdog wins outright, their number is way off.

If that minus 7 point favorite is listed at minus 11 points at another outlet would there be a Revolution among Sports Book operators. Would this difference of opinion cause a lot of anxiety with casino management. I am sure they would question each others actions after doing the same thing together all these years.

For a true and balanced market to emerge in any industry, there should be some options and competition among the players involved. A Betting Exchange is very close to a more balanced betting market since the competition is against other bettors. The spread is the same but the money odds are much better with more options.

If the Sports Books in Nevada and online books decide to re-arrange their Sports Book operations to include some alternatives to the spread, they will increase their handle and be more competitive. I would install some form of Spread Betting that is big in Europe. Allow more options with alternative lines and charge a little more vigorish. Some online books have alternative run lines on baseball. They post the run line at minus 1.5 runs on the favorite and underdog in the same game.

The Sports Betting outlets need to become more innovative to maintain a market share. We know they probably will not “rock that boat” unless one or more sports betting venues develops a rogue or maverick mentality. This would be a big gamble that could payoff and increase market share. However, it is ironical that sports books do not want to be in the gambling business. They just want to collect their commission and avoid too much risk. They are more concerned about the heavy hitters than the small average recreational bettors who lose more often.

Promoting or seeing changes in any financial markets is similar to getting people to stop smoking or obese people to lose weight. Change is difficult for a lot of people and businesses. As they say “talk is cheap”. However, I feel technology is becoming more prevalent in Sport Betting industry. Hopefully, it will create a more vibrant market with better options and more competition within the sports betting community.

The Big 3 Factors in Choosing a Sports Handicapper

Are you a sports fan who likes to bet on his favorite team? Are you a casual bettor or do you bet on sports seriously? For casual bettors who enjoy plopping down a few bucks on a game of interest, there is not so much a need to pay for a professional service that provides betting advice. It’s just a little money on an interesting game, and it makes spectating a little more enjoyable. But for those individuals who take their sports betting seriously, they may want to consider hiring a sports handicapping service.

In many cases, it can make sense to hire a handicapping service, but you need to understand exactly what you are paying for. You’re not hiring the handicapper (also known as “capper”), for some additional counsel. They shouldn’t be viewed as just another opinion. If you are going to pay handicappers, then you should take their tips and bet them accordingly. Picking and choosing which bets to play may not be the best strategy.

So let us assume you have made the decision to hire a capper because you are serious about making money in the world of sports betting. What should you look for in your search? Although there are many similarities in the various cappers, there are also some differences as well. In this article we will review three of the most important considerations.

Look for an Experienced Handicapper

There is an old saying that there is no substitute for experience and that is very true in the world of sports handicapping. Make no mistake that capping sports games successfully takes a lot of hard work. There are many variables to consider and these guys need time in the business to really figure out how to do their jobs effectively. That usually involves many years in the business. Thus, look for a handicapper with at least ten years of solid experience handicapping sports.

Find a Handicapper Who Posts Results Publicly

In the business of sports betting, there are many handicappers who prefer to keep their identities and results private. That may serve their own needs well, but for me, I want to know who I am hiring and what their track record for successful capping has been. Look for someone who isn’t afraid of being transparent, if not with their identity, at least with their results. It is common knowledge that even the top handicappers are only successful 55-60% of the time. Make sure the handicapper has a success rate of a minimum of 55%, so that you can bet profitably over the long run. After all, you are paying him for his expertise and he should therefore be willing to own up to all of his picks.

Ensure the Pricing Structure Fits into Your Budget

The bottom line in professional sports betting is making money. The bookmaker must get paid. The handicapper must get paid, and you, the bettor, wants to get paid too. Before you hire a handicapper, make sure you have a complete understanding of his prices. Are you paying for a subscription? If so, how long does it last, and is the renewal rate the same? Calculate the handicapper’s fees into your formula to determine how successful you need to be to profitable. Higher priced handicappers are more suited for the bigger bettors.

Conclusion

Who is the best sports handicapper? The answer may surprise you. There are quite a few good ones out there. If you choose one that has been capping for at least ten years, posts their results publicly, and has a fair pricing structure, then you have done your homework and are ready to dive into sports betting with a good partner.

Getting an Edge in Sports Betting: Contrarian Sports Investing

Many people enjoy sports, and sports fans often enjoy placing wagers on the outcomes of sporting events. Most casual sports bettors lose money over time, creating a bad name for the sports betting industry. But what if we could “even the playing field?”

If we transform sports betting into a more business-like and professional endeavor, there is a higher likelihood that we can make the case for sports betting as an investment.

The Sports Marketplace as an Asset Class

How can we make the jump from gambling to investing? Working with a team of analysts, economists, and Wall Street professionals – we often toss the phrase “sports investing” around. But what makes something an “asset class?”

An asset class is often described as an investment with a marketplace – that has an inherent return. The sports betting world clearly has a marketplace – but what about a source of returns?

For instance, investors earn interest on bonds in exchange for lending money. Stockholders earn long-term returns by owning a portion of a company. Some economists say that “sports investors” have a built-in inherent return in the form of “risk transfer.” That is, sports investors can earn returns by helping provide liquidity and transferring risk amongst other sports marketplace participants (such as the betting public and sportsbooks).

Sports Investing Indicators

We can take this investing analogy a step further by studying the sports betting “marketplace.” Just like more traditional assets such as stocks and bonds are based on price, dividend yield, and interest rates – the sports marketplace “price” is based on point spreads or money line odds. These lines and odds change over time, just like stock prices rise and fall.

To further our goal of making sports gambling a more business-like endeavor, and to study the sports marketplace further, we collect several additional indicators. In particular, we collect public “betting percentages” to study “money flows” and sports marketplace activity. In addition, just as the financial headlines shout, “Stocks rally on heavy volume,” we also track the volume of betting activity in the sports gambling market.

Sports Marketplace Participants

Earlier, we discussed “risk transfer” and the sports marketplace participants. In the sports betting world, the sportsbooks serve a similar purpose as the investing world’s brokers and market-makers. They also sometimes act in manner similar to institutional investors.

In the investing world, the general public is known as the “small investor.” Similarly, the general public often makes small bets in the sports marketplace. The small bettor often bets with their heart, roots for their favorite teams, and has certain tendencies that can be exploited by other market participants.

“Sports investors” are participants who take on a similar role as a market-maker or institutional investor. Sports investors use a business-like approach to profit from sports betting. In effect, they take on a risk transfer role and are able to capture the inherent returns of the sports betting industry.

Contrarian Methods

How can we capture the inherent returns of the sports market? One method is to use a contrarian approach and bet against the public to capture value. This is one reason why we collect and study “betting percentages” from several major online sports books. Studying this data allows us to feel the pulse of the market action – and carve out the performance of the “general public.”

This, combined with point spread movement, and the “volume” of betting activity can give us an idea of what various participants are doing. Our research shows that the public, or “small bettors” – typically underperform in the sports betting industry. This, in turn, allows us to systematically capture value by using sports investing methods. Our goal is to apply a systematic and academic approach to the sports betting industry.

Facts About Sports Betting Businesses

The betting trade gives to over 400,000 people winning prizes and offers huge tax income to local governments. Communities concerning sports betting have altered from an associate to an extensively conventional movement. Sports betting are synchronized as a consequence of participation. Illegal activities that some of these companies run, are outrageous! Based on some researches they have made money over $400 billion. So as you see not every company that handle spot betting operate legal and legit activities.

Sports betting businesses handle a comprehensive deal of making bets. There are a bulky amount of sports betting on global basis. These companies operate online and on handset sports betting choices. Some of them have created robots to predict some games. These robots have sophisticated devices that can help these companies to foresee some game’s results. The sports betting firms operate in various languages. People from everywhere participate in each game by putting their money on a particular play.

There are sport gambling firms that introduce the greatest bid of tax-free probability on sportive events. Some imply that certain sport companies that operate gambling have certain mob activities.

Who will verify the legality of such companies? Do they operate as a singular firm or do they operate as a syndicate and group of sport gambling companies? There are some gambling businesses that operate as a value chain and some operate as a single company. Businesses which run their gambling trade as a chain of companies, gain more power than those single companies and small gambling businesses.

Some companies such as: nightclub services and bettor’s services verify their money online in real time. Numerous businesses give a diversity of online sport by means of the alternative of 24/7. Sports gambling businesses usually approve businesses before taking farther activities. After the approval, they precede the gambling activities.

The bettor whose finances are secured can easily start their gambling venture in no time. Sports betting in supplement to their approval present bettor’s different sports upon which they may put their bets, bid bettors with a swarm of dissimilar kinds of bets. Sports gambling businesses are requisite to be approved and synchronized. The bettors who make their bet on the games are assured that their accounts are safe.

Many sport betting businesses encompass various offers such as: coupons, parlays and teasers. These businesses provide bets which comprise totals margin, futures alien singles, live plus Asian handicap. Players and gamblers from around the world participate in playing at these online gaming. Every year such companies earn not only their return of investment but also their profit margin increase every year. Many players put their money on the most important sport games. This way they can win a lot of money. Some as I have mentioned earlier in this article apply mechanisms and robots to predict some games. Thus an outsized quantity of money will be placed on games that have higher probability in winning!

As many online mechanisms have been computerized, many betting companies have been attempting to produce an artificial intelligent system that can help them to increase the probability of winning.

Illegal Sports Gambling Is Big Business! Will It Finally Become Legal? Supreme Court to Decide

No matter what sports season we’re in, you probably have a favorite sport you relish following. Maybe March madness college basketball, the NFL, baseball, hockey, golf, or soccer. Perhaps you would like to make a little bet, but many sports fans in the United States are leery of the legitimacy and legality of internet gambling. If you live in the United States, your legal sports betting options at brick and mortar casinos are limited to Nevada, and to some degree at Delaware racetracks.

The Supreme Court has heard arguments on a New Jersey challenge which would permit sports gambling at its casinos and racetracks. If the court rules in favor of New Jersey, Gaming experts predict that most states will jump on the bandwagon to legalization, in order to fill state coffers with tax revenue.

If you’re unfamiliar with the particulars of how to bet on sports, the following describes how it all works:

Sports Betting Jargon

Before we get into the specifics, here’s a little jargon explanation to help you understand the process:

  • Action – A term for all the betting activity that happens during an event.
  • Handle – The total amount of money wagered on events.
  • Spread – Giving one of the two teams points to even out the betting action.
  • Sports Books – Establishments that take bets on sporting events.
  • Juice – A percentage of the win taken from a bettor that won an even money bet. Sometimes called the vig, which is short for vigorish.

Types of Bets

There are many different types of bets. By far, football draws the most action with the biggest handle. The Super Bowl alone draws over $100 million in legal betting activity, and over three billion (that’s billion with a B!) illegal wagers. Now you see why states want a piece of the action.

  • Even Money Bets – Players betting on only one team to beat another. The sports book takes the juice/vig from the winning payout amount. A common vig is $11 for $10. (Bettor wages $11, wins $10.) House keeps $1. Most bets will have a point spread (line). If the player is picking the underdog, S/he will take points. If the bettor is picking the favorite, S/he is laying (giving) points.
  • Parlay Bets – Betting on multiple (two or more) teams to win. Here’s a scenario on a point spread ticket. Let’s assume that on event #1, Tampa Bay is playing at Green Bay with GB favored to win by at least 3 points. In event #2, Buffalo is playing at Miami and BUF is expected to win by at least 7 points. Your game ticket would look something like this:

Event Visitor Vs Home

1. TB GB. -3

2 BUF. -7 MIA

This means that if you bet on GB they must win by more than 3 points. A bet on BUF would require them to win by more than 7 points. By choosing the favorites you are laying (giving) points. If you were to put your money on GB and MIA, you would be taking (receiving) the points.

One way to eliminate confusion is to jot down a spread score before the games start. for example on this ticket:

The score before the game starts is:

  1. TB 3 GB 0
  2. MIA 7 BUF 0

When the games are over just give the points to the underdogs. In most jurisdictions, ties lose for the player. In other jurisdictions the prize payout for one tie is reduced to the next lowest payout factor. A common play in casinos is a four team pick for 10X the bet.Bet $10, win $100, but you can wager from two to twelve games. The more games you play, the higher the winning payouts.

  • Over/Under – One scenario is betting that the final score ill be over or under a certain number a preset number.
  • Prop Bets – A proposition bet is where you predict the outcome of a preset number of props on a single ticket. Example: Total field goals over/under 4. Total interceptions over/under 3. Total sacks over/under 2. Total receiving yards, total yards, and the list goes on and on.

If you visit Vegas or other jurisdictions that permit sports gambling, Good Luck!