Reason number two that the bookie wins: He “charges” people to bet. The odds that he offers don’t add up to an implied probability of 100%, the remainder being potential profit for the bookie (known as the “vig” in the US). Depending on the event he might be charging a couple of percentage points (so on average he’ll make $2 for each $100 bet) to a couple of hundred percentage points (so on average he’ll make $200 for each $100 bet). It depends on his certainty around his estimate, how dodgy he is, how dumb he thinks his punters are, how much competition he has, and so on.
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.
Injuries have convoluted and already complicated pair of rotations for the Jazz. The near-nothing bench of Utah is pedestrian as a whole. And the current roster has just seven players averaging 20-plus minutes per game. One of those seven that averages the 20-plus. The club has two other injured that combine for nearly 30-minutes per game. Ricky Rubio is out to a hip injury. Dante Exum and Raul Neto aren't expected to contribute tonight with Neto (hamstring) out and Exum (ankle) questionable.
At OddsShark, we want you to make educated picks. In order to do so, we’ve done our part to make sure you have all the info you need. We list wins first, losses second, and pushes and ties are listed third. “ATS” is the record based on predictions made against the spread (see explanation above). “To Win” expresses the record supported by moneyline bets (also explained above). Finally, “Total O/U” is the record on OVER or UNDER predictions (explained above too).
When Roma and FC Porto clash at the Olimpico in Rome, it will mark the second time in three seasons that these two football clubs have played. The first meeting took place in the 2016-17 season when both Roma and Porto had to qualify for the Champions' League group stage, thanks to poor seasons the year prior. Porto got the better of the Italian club, and they progressed 4-1 on aggregate over two legs. Read More >>
The global gross gaming/gambling yield amounts to more than 400 billion U.S. dollars each year. Gross win from gambling represents the amount of money the gambling operation keeps from the customer’s stakes, wagers, bets etc. less the winning paid out to the customer and before deducting operating expenses. With about one third of the global gambling gross win, Asia is the biggest market for gambling and sports betting in particular. Probably the fastest growing segment of the industry is the online / interactive category, as the global online gambling market has grown at a consistent rate over the last few years from around 20 billion U.S. dollars in 2009 to more than 40 billion U.S. dollars by 2016.
My long term percentage on College Football Best Bets is 56% (1290-1017-40 over 29 years) and the new NFL play-by play model was 100-69 (59.2%) in 2016. However, despite being a combined 148-107 (58.0%) on Football Best Bets, college and NFL, in 2016, I will continue to use 55% winners as a realistic goal going forward. If I expect 55% on 200 Football Best Bets (I had 255 last year, which was higher than expected) then the expected profit at -110 odds would be 200 x (0.55 – (1.1 x 0.45), which is +11.0 units (or +22.0 Stars if my average Best Bet is rated 2-Stars). The Kelly Criterion recommends a wager of 3.4% of your bankroll for a wager with a 55% chance of winning and odds of -110. However, the Kelly formula assumes sequential betting and sports betting usually involves simultaneous betting, which is part of the reason behind using some fraction of full Kelly to reduce risk. If I play 2.0% of my initial bankroll per bet, or 1.0% per Star, (i.e. flat betting) then my expected return during football season (5 months) is 22.0%. Adjusting your bankroll after each week rather than flat betting will increase your expected return, as explained in the KC simulation section of my money management section.
Picks services are, as we stated above, companies that offer predictions on different sports for a small fee. There are mixed feelings in the sports betting world about picks services. But, they can help bettors who are looking for more information about why they should bet on a certain game, fight, race, pitcher etc. Although pay-for sports picks sites have gotten mixed reviews over the years, there are many trustworthy companies who won't take your money and run. Any site we champion on OddsShark gets our seal of approval.
Tonight in Las Vegas the West Coast Conference Semifinals take place in what is an exciting time to be in Sin City. Fans from across the west have enjoyed coming to Vegas as this has been the site of numerous conference tournaments as of late. Monday we take advantage of one team we feel is getting way too much credit in this spot. Hope you join us for this Best Bet Winner.
You're looking for 10-20 bets a week for something that runs almost the entire year? The answer is really MLB and nothing else. Large volume of games, long season, great for minimizing variance. Yes, tennis and soccer run for most of the year, but good luck trying to get a handle on all the different moving parts those markets entail (e.g., all the different leagues and countries in soccer, how would you even get to start focusing on something to be high volume?) to be able to squeeze out an edge as you are starting out. If you're used to modeling golf, getting into baseball shouldn't too too far of a stretch since a lot of the modeling is based on the individual level rather than the team.
ATS equals “against the spread”. The spread is the number oddsmakers use to give people other betting options besides only wins and losses. A spread for a Premier League fixture would be something like .5 or 1.5. One club would need to lose the match by no more than 1 or 2 goals or the other needs to win by 1, 2or more goals. If the final score doesn’t reflect the number set by the oddsmakers, your bet won’t cover the spread and you can’t win your bet.