In February 2011, FDU's PublicMind released a poll which showed that half (55%) of voters agreed "that people bet on sports games anyway, so government should allow it and tax it." On the other hand, approximately (37%) of New Jersey voters concurred that betting on sports is "a bad idea because it promotes too much gambling and can corrupt sports." Again, by a significant margin (70%-26%), voters who already engage in sports betting in office pools tend to be more supportive of legal sports betting than other voters.
When Lyon and Barcelona clash on Tuesday in the first leg of their UEFA Champions League Round of 16 matchups, it will be just the first meeting between these two soccer clubs since 2009. Barcelona holds the head to head advantage, winning four of the six Champions League fixture and will likely add to that total once again this year. Barcelona topped Group B with 14 points (W4, D2) while turning in a +9-goal differential. Read More >>
The objective of this special report is examining if we can make realistically a living sports betting, and if so identify how we can. I examined 3 selected sports betting methods and I will leave the final judgement to you. Please read me correctly. I’m not personally supporting the notion to make a living sports betting. Because our GEM’s basic mission is providing you with the safety methods to create EXTRA money, means On The Side for your rainy day. If you have time, I would like you to check the detail background & rationale behind this concept, so please read; 3 Smart Ways To Create Extra Income Stream From Home & Why We Need Extra Money.
Betting on your favorite teams or players in the case of some propositions is one of the biggest traps that amateur bettors fall into when betting sports. Sure, we can understand the appeal of betting on your favorite team, kicking back and rooting them on, but if you’re trying to win money at sports betting, this is far from optimal. Not only is wagering disproportionally on your favorite teams a –EV decision, but it’s also an area where bettors are missing an important edge because of their bias.
But you give the Team A far greater winning chances – based on your information, analyses, statistics, observation, skill and other factors that form your opinion – say 60% (or 0.6). The fair odds for the victory of the Team A based on your assumption would be 100% / 60% (or equally 1 / 0.60) = 1.67. The sports betting company thus offers the odds, which are higher (1.8) than the minimum odds (1.67), which would be yet acceptable for you (i.e. the fair odds). Therefore it is advantageous for you to make the bet, since your expected return is positive and your edge is exactly 1.8 / 1.67 – 1 = 0.08 = 8%.
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So this may have been long and a have little bit of unnecessary info, but I know this field and know what I do and make money doing it. I have lost before and my first profitable season came nearly 3 years into my betting “career”. I lost quite a bit those years but kept working and learning more and better techniques which were showing in my increasing winning percentages. I will still lose over certain sport seasons. I take losses in baseball and basketball the most but still have solid win % in both over 5 years. I may be cocky here, but I believe I won’t lose over a season of college football again. It’s my best sport and do study it more than the others. So if you enjoy the rush of seeing your hard work play out over a few hours or quarters, sports in general, the possibility of losing considerable money and the chance of building profits only dreamed of by traditional financial institution and investing; this may be for you.
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.
Pennsylvania approved a sports betting law in October 2017 and had regulations for sports betting in place in August 2018. The state approved the first sports betting licenses for Hollywood Casino at Penn National Race Course and Parx Casino on October 3, 2018. On November 15, 2018, sports betting began at Hollywood Casino at Penn National Race Course with a two-day test; official sports betting began on November 17, 2018. Hollywood Casino at Penn National Race Course became the first casino in Pennsylvania to offer sports betting. Pennsylvania became the seventh state to offer sports betting.
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Look at the above example again. You and your buddy each paid $10 to the bookie to place your bet. That’s what the standard 11/10 odds in sports betting are all about. You bet the Cowboys and your buddy bet the Redskins, a total of $220 bet. The sportsbook has to pay back $210 to the winner, leaving a nice $10 profit no matter what happens on the football field. That $10 built-in profit is called the vigorish, and it’s the final monkey wrench in the gears of sports betting.
The positions of the four major American sports leagues (representing American football, baseball, basketball, and ice hockey) have become more complex since their decision to embrace daily fantasy sports (DFS) in 2014, which are described by those within the industry as "almost identical to a casino" in nature. With the contention by critics that such activities blur the lines between gambling and fantasy sports, the endorsement of all four major sports leagues and many individual franchises provided a marked contrast to their positions on betting.
Ideally, the Sports book would like to have the same amount of money wagered on the two teams playing. If the Giants are playing the Colts and they have one player betting on the Giants and one player betting on the Colts they would pay the winner $100 but collect $110 for the loser. This gives them a $10 profit. To accomplish this they assign a line or spread to make the contest equally attractive for both sides.
Multi-bets. Parlays. Teasers. Whatever you like to call them, know when to bet them and when not to. Sure they offer the promise of the big score, the big pay day, but unless you have done your analysis and have located true value, they are a terrible way to bet. Look at it this way. If you place a multi-bet of 4 legs, and you were getting full price even money odds of 2.00 for each leg, the odds for that multi would be 16.00. Now lets look at a real world example where you're being offered lets say 1.90 for 'even money' with the bookmaker taking out 5%: the odds for that same 4 leg multi would be just 13.00. That's taking out close to 19% of the full price of that bet.
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