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On the flip side, I bet sports as basically a second income. I am very thankful to have a job in engineering that affords me the opportunity to bet enough to accomplish this and leaves me a safety net to lose what I put in and be okay. Just an example is for college football season this year (2018), I put in $10,000 for the regular season. I can do what I want within the season with that but will not buy back in. I also will never exceed $10,000 in bets at one time. My account will always be viewed as having $10,000 during this season because I never want to bet more because I have won and have profits. That is a common problem for gamblers and it really is difficult to avoid the thought of well I can make so much more if I bet this much more. It is 100% true that money management is the most important aspect of sports betting. If you can’t do this well, you may get into serious financial trouble at worst, and less important but still relevant, you will not be able to beat the sports books constantly or over time without understanding which bets make sense by realizing how much to bet, which lines to bet and which matchups offer the highest win and payout percentages. Most hobby betters bet based on how much they can win in a bet, a handicapper or shark bets where they are getting the best odds for their money. Maybe they don’t even believe in the team to win, but if the value makes sense, they will wager on it because it makes sense financially. So an example is you have $2000 and want to bet on at most two games. The average person would tend to bet on as many outcomes as possible but in this case would take two teams and we will say standard line of -110. What has happened is that you have really damaged your chance of making a profit on this bet. This is due to beginning each matchup with a basic, implied odds of 52.38% which means you have this % chance to win one game. This comes from the line of -110 (if it was -100 or even odds, you would have a 50% chance to win) which converts to 1.91 decimal odds. You divide 1 (one bet) by the decimal % (1/1.91) and get 52.38%. So on two games, at -110, you will have 13/5 fractional odds (just an example here) to win or 2.6 decimal odds so you should divide 1 by 2.6 which gives you 38.46% implied odds to win both bets. What would the bets pay out? Win one at $1000 with -110 (1.91 decimal odds so 1.91*1000=payout) and you get $909.09 profit from the win and a total back of $1909.09 with your bet amount returned. So maybe you can see why 2 bets wouldn’t be a great investment. If not, here’s why. Say you win just 1 of the two matchups, you get the payout of $1909.09 so you have lost money on your bets for the day. And with only a 38% chance to win (usually will be a little less maybe a little more depending on the odds and line) both bets and taking $1818.18 in profits, you are not going to beat those percentages over time which is the only thing that matters to a professional bettor. Putting all of your money on one outcome offers the best chance to win and the same payout amount so obviously you are getting a better return on your money and will have a better chance to walk away with a profit at season’s end. So this is a very simplistic example and doesn’t take into account lines or the options of taking the points for an underdog with a decent positive moneyline. Just a rule to state here: never bet more than you can afford to lose or care about losing.
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.
Transaction costs might shrink, Moskowitz says, if online betting volumes rise and bookmakers increasingly compete. A company dedicated to that proposition is London-listed Paddy Power Betfair (ticker: PPB.UK), whose websites, like Paddy Power and Betfair, processed over $15 billion in sports wagers in 2017. Since we are a stock market publication, we should note that at 8,435 pence ($111.59) a share, Paddy Power Betfair goes for over 20-times this year’s earnings estimate and 14-times cash flow. Revenue grew 13% in 2017, with about half of its revenue from online betting in Britain and Ireland, and about 20% from Australia and on-the-ground casinos. The U.S. is just 6% of revenue, but is growing fast.
You see, although this article is named “The Best Sports for Betting,” there’s really no such thing. There are definitely sports that WE think are better, but not everyone is going to have the same opinions. The best sport for one person to bet on might be a terrible sport for someone else. It depends on several different factors. A similar principle applies to whether it’s best to wager on one sport, a couple of sports, or a variety of sports. There’s no “optimal” number of sports here. Again, there are a lot of factors that come into play.
Unfortunately, there is no simple right or wrong answer to that complicated question. But, any professional handicapper that claims to have never seen a loss is full of it. However, there are reputable picks services out there that provide analysis on top of their predictions. Buying picks is different for every bettor and their own personal situation. Below we’ll explore why that is and if paying for picks is worth it.
From the Premier League to club friendlies, every week FootballExpert’s top football betting tipsters deliver detailed betting guides on the biggest football matches. We cover the ‘big five’ domestic leagues, as well as competitions like the Scottish Premiership and Major League Soccer, alongside the top UEFA Continental competitions and the biggest international tournaments.
Spread betting are wagers that are made against the spread. The spread, or line, is a number assigned by the bookmakers which handicaps one team and favors another when two teams play each other and one is perceived as being more likely to win. The favorite "takes" points from the final score and the underdog "gives" points. This number can also be in increments of half-a-point (.5) even though very few sports have .5 point scoring (i.e., The Ryder Cup)
The Thunder are faced with a seeding decision before tonight's tip against the Jazz at Vivint Smart. OKC's conundrum is whether they want to sell out in the final month of the regular season by playing their first rotation major minutes or saving their legs for postseason play. A focus on the team's final 16-games of the regular season to remain one of the top four seeds in the West requires playing Russell Westbrook and Paul George in excess of their season average in minutes played. This asking allot considering the pairs 36 minutes per game this season.
Here's a crude MS Paint Line Graph (below) to explain kind of what I'm talking about. The difference in odds between favorite and underdog will always be there. Nearly all of the time, other books will have similar, if not, identical odds. When you allow the lines to move and shift, once the underdog line (or vice versa) passes the initial plane of the favorite line, you'll be guaranteed a profit.
Everyone has an opinion on sports in today’s world. There are not only a dozen shows on ESPN and other networks discussing the same topics over and over, but there are thousands of blogs and radio stations also adding their own opinions. It’s fine to watch and read these outlets for entertainment or news purposes, but not for betting advice. The talking heads may seem confident with their opinions, but remember, their job is to increase ratings and spark controversy.
It sounds like Lionel Messi could be back, but he's coming off an injury, and Barcelona have a tough matchup, playing at red-hot Inter Milan. Kane scored a goal and took six shots in Tottenham's 2-2 draw at PSV, and also scored a goal and took eight shots in their 3-2 win at Wolves on Saturday. Tottenham dominated the first game against PSV, despite the scoreline, and must win to have any chance of progressing to the knockout rounds.
It’s no surprise that the sports that receive the most attention from bettors also receive the most attention from the bookmakers. They have to give their customers what they want in order to keep them happy. And what the customers want is a good variety of betting options. This is why the bookmakers typically offer such an incredible range of different options on mainstream sports.
“The world of sports gambling has fascinated Hollywood for decades, but never before has a documentary captured the essence of the industry at such a pivotal period,” Showtime Sports and Event Programming President Stephen Espinoza said. “Through the lens of industry professionals and real-life gamblers within every virtual layer of the business – both legal and illegal – ‘Action’ delivers a one-of-a-kind look as sports gambling enters a brave new world.”
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.
This all involves placing bets on a large number of games. This is the safest way to generate consistent money betting on sports. By spreading your risk over many games, you diversify your bankroll and investments. Your positive expectation can take over in the long run. Short term fluctuations won't make much difference. Your risk of ruin (chances of going broke) are minimal.
Straight-up bets, also known as the moneyline, are picks that are made on one club triumphing over the other. If Manchester City is playing Watford, in order to make a moneyline wager you’d need to pick one of those clubs to win. If you choose Man City and they do win, you’d win your moneyline bet. If the inverse happens and Watford wins, you’d lose your moneyline bet.