Basketball has strong roots on the east coast and the NBA is one of the most popular professional sports leagues in America. All basketball (including college hoops) is second to the NFL in handle in Nevada sports betting. While the two states may not be apples to apples, the potential for basketball betting revenue in New Jersey can’t be overlooked.
For most mainstream sports, there’s a wealth of information readily available. Some sports have TV channels dedicated entirely to broadcasting all the latest news, and most newspapers cover the popular sports extensively too. And then there’s the internet. The internet is full of useful sports resources where we can find out pretty much anything we could possibly want to know about any of the major sports.
We will say that online sports betting may not be legal where you live, so please check your local laws before placing bets online at these sports betting sites. And we also want to point out that there have been “scam” type sites in the past known to steal money from their bettors, so make sure you stick with recommended betting sites we list here at The Sports Geek.
The 1st concern is the compounding & stake limit. Just don’t take literally on the compound part. If follow the above process with compound mechanics and increase your bankroll to $20,000 after 1 year, your each bet would become over $1,000 (5% of total bankroll) and exponentially increase afterwards. In practice you will find no bookmakers that can keep accepting such high-rollers’ bet except a few.
Odds for different outcomes in single bet are presented either in European format (decimal odds), UK format (fractional odds), or American format (moneyline odds). European format (decimal odds) are used in continental Europe, Canada, and Australia. They are the ratio of the full payout to the stake, in a decimal format. Decimal odds of 2.00 are an even bet. UK format (fractional odds) are used by British bookmakers. They are the ratio of the amount won to the stake - the solidus "/" is pronounced "to" for example 7/1 "seven to one". Fractional odds of 1/1 are an even bet. US format odds are the amount won on a 100 stake when positive and the stake needed to win 100 when negative. US odds of 100 are an even bet.
My picks have yielded a much higher risk adjusted return than the stock market. Obviously, the variance from season to season is formidable, but as anyone who had a significant amount invested in stocks or real estate in 2008 can tell you, such swings aren’t limited to sports. In the long run, my edge in what I do is far greater than the edge that you could hope to gain in any other speculative market.
Before you decide to buy picks, ask yourself: What is my sports betting budget (bankroll) and am I able to control it? If you are laying down $1 or $5 bets on a couple of games every week, then you certainly shouldn’t be spending more than that trying to get winning picks for even money. If you are placing small wagers like that, you will likely end up paying more for your picks than you will end up winning from those bets. Paying for picks is only worth it if you are going to end up winning more money than you paid for the picks in the first place.
In the time since the May Supreme Court decision, both Delaware and New Jersey have begun accepting bets on sports at casinos and racetracks. Mississippi, West Virginia, and Pennsylvania are all hoping to be in the next wave of states to do so, with many seeing the start of the NFL season as a target date for the launch of sportsbooks in these states.
The most important consideration when buying picks is finding veteran handicappers who are true experts in their field and are also known throughout the industry as being the best at what they do. There are “scamdicappers” out there who overly promote themselves with the aim to deceive. These are horrible people who will provide you with false records in hopes of taking your money. Any of the picks services we promote on OddsShark are thoroughly vetted, trustworthy and don’t make false promises. Check out our Top Picks Services pages for Canada and the United States for more information.
Bookies look at the weight of their books all the time and adjust odds and other factors to make sure their books balance. Though it isn’t possible to completely balance a book, bookies that go too far out on one side run the risk of losing money, and losing money in gambling is the fastest way to find yourself in another industry. All of these factors are why bookies generally root for the underdog—too many favorites winning in a sport with a short season (such as the NFL) can cause a bookmaker to lose money, while a bunch of upsets (like you generally see in college football) is a guaranteed profit for the bookmaker.
Money Management is as critical to a sports investor as picking winners. I have devoted many hours of careful analysis and math to optimal money management systems, which I have painstakingly outlined in my Money Management articles. Sports betting is more high risk (higher volatility and standard deviation of return) than stocks, but also results in a higher return if you follow a proven long term winning handicapper (of which there are very few).
On December 7, 1980 the San Francisco 49ers overcame a halftime deficit of 28 points in what became the greatest regular season comeback victory in NFL regular season history. By the beginning of the third quarter, notorious Vegas bookmaker Frank Rosenthal received forfeiture notices from 246 San Francisco bettors totaling more than $25,000 in premature winnings. Rosenthal was able to retain these winnings despite the final outcome of the game due to gambling regulations previously established by the NAGRA.
If we haven’t stressed it enough throughout our site, we’ll do it again here. Choosing a reputable sportsbook with a long history of paying players on time is absolutely crucial. There is no use betting sports online unless you can be almost certain that you will be paid if you win. We offer a wealth of information on this topic, including an extensive list of scam sportsbooks that are still operating. There’s no reason to risk using poorly reviewed sites when there are tons of options that offer excellent odds and payout quickly.
TheSportsGeek.com is not an online gambling operator, or a gambling site of any kind. We are simply here to provide information about sports betting for entertainment purposes. Sports betting and gambling laws vary by jurisdiction. We are not able to verify the legality of the information we provide, or your ability to use any sites that are linked to on this site, for every combination of your location, the sites’ location, and the type of service those sites provide. It is your responsibility to verify such matters and to know and follow your local laws.