If you are looking to actually become a success at sports betting, we absolutely recommend you only start once you have enough of a bankroll to survive some pretty bad variance and enough living money for at least a few months. It’s either this or working another job to pay your daily costs while you build up your betting bankroll, but given how tiresome betting can become, working another job and successfully betting sports may be quite difficult.
There are other things too, but those are the key things you need to deal with. So the bookie makes money by adding the gains from knowing the odds better to the gains from being paid the vig. The way you’re going to make money is by making sure that the losses from paying the vig are less than the gains from knowing the odds better. It’s just maths.
Moskowitz has studied betting on a number of sports, including the National Football League, Major League Baseball, the National Hockey League, and the National Basketball Association. While betting on all of them exhibited behaviorally driven mispricing that created value and momentum effects, the size of those mispricing effects was only about one-fifth the size seen in financial markets. At that scale, they aren’t large enough to overcome the transaction cost of the bookmaker’s vig.
Betting on football matches is becoming more popular year on year, with a growing number of online bookmakers available to bet with. With football one of the world’s most popular sports, it is little surprise to see so much money is bet on the biggest games every day, with popular football betting markets including accumulators, both teams to score (BTTS) and goalscorer markets.
You are much better off from a bookmaker's business point of view just hiring a load of mathematically competent and cheap worker drones to copy Betfair/Pinnacle/Wider industry prices, build a few algorithms for in play betting and very closely manage the liabilities as the bets come in. Then just restrict all winners/arbers as quickly as you can and you have a profitable business with virtually no grasp of what a sport price even is.
Sports betting has resulted in a number of scandals in sport, affecting the integrity of sports events through various acts including point shaving (players affecting the score by missing shots), spot-fixing (a player action is fixed), bad calls from officials at key moments, and overall match fixing (the overall result of the event is fixed). Examples include the 1919 World Series, the alleged (and later admitted) illegal gambling of former MLB player Pete Rose, and former NBA referee Tim Donaghy.
We’re not saying to just make a decision without putting any thought into it. Take everything we said into consideration, but don’t stress out. All that really matters is that you enjoy yourself, and gamble responsibly with money you can afford to lose. It makes sense to start by focusing on any sports you already follow, but don’t be afraid to try out others at some point. If you don’t follow any sports, start with the popular ones and see how it goes from there. Once you get a hang of it, you might want to try a couple of the more obscure sports.
These recreational bettors account for the majority of people who bet on sports, but there are also plenty of people who bet primarily to make money. This doesn’t mean that they don’t still enjoy themselves, it’s just that their motivations are different. They generally put a lot more thought into the wagers that they make, and dedicate some time to researching and analyzing the various factors that can affect the outcome of games and events.
Betting is for degenerates in general. So what happens a lot is that you lose and you try to cover your losses and you double it up and lose even more. Eventually you go on a 8-10 game winning streak, down 15K and ****ting bricks inside your stomach. So I highly do not recommend betting as a long term strategy in life. My philosophy is go to work every day at 9AM and you should be solid in life.
This is a relatively new one for sports bettors to deal with, as many online sportsbooks now have casino-style gaming, which is too much for some sports bettors, including some very good sports bettors, to walk away from. It's not unheard of for a solid sports bettor to generally show a profit each week, but give that money back, plus a little extra, playing the casino games their sportsbooks offer.
The most recent development in Kentucky is particularly interesting. State Attorney General Andy Beshear, publicly threw his support behind the idea of legislators passing an expansive gaming bill in 2019 that would encompass not just sports betting, but daily fantasy sports, casinos and online poker as well. The impetus for Beshear’s stance is relatively straightforward — much-needed revenue for the state coffers, including an estimated $30 million annually from sports betting that would help fully fund the state’s pension systems.
Our expert handicapper’s main goal is to provide our members with knowledgeable sports betting advice that he draws from his past sports experiences, as well as various assortments of intangible factors, historical figures, statistics, and a wide array of trends all as a means by which to increase their bankroll.  Though this formula cannot be released you can feel confident that comprised of dozens of essential tools that ultimately ensure its success rate.
These decisions will be easy to make for those who are sports fans first and bettors second. They usually choose to simply wager on all of the sports that they already follow and like to watch. This approach is entirely logical really, as those are the sports that they know and understand best. They’re more likely to enjoy betting on those sports, and their knowledge of those sports will give them a better of chance of winning money.

Virginia appears to be a potentially serious player on the sports betting front for 2019. The latest news coming out of the state involves an online-only sports betting bill pre-filed for next year’s legislative session by Delegate Mark Sickles. The proposed legislation, House Bill 1638 would repeal Virginia’s current ban on both sports betting and online lottery ticket sales.
The strategy is about being successful in the long run. The basic mathematical strategy for sportsbook is explained in the following chapter. Besides it is important to set clear rules of betting and keep them under all circumstances. It requires a great deal of discipline, but it will help overcome eventual swings and secure a positive balance in the long-term period. Failure to do so means to go astray and losses will occur sooner or later.
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To make the most of every value opportunity, you want to be getting the best odds available. If you only use one or two bookmakers, you're really limiting your chances of getting the best odds and so limiting your chances of long term success. You should have at any one time, at least 6 bookmakers in your portfolio. The bookmakers you choose depends upon what you are wanting to bet on.
Let's get this out of the way up front - while the Round of 16 was a classic in terms of play on the field, it was far less classic for me from a betting perspective. It was a case of close but not close enough in most cases - and then I picked Spain, which didn't go well at all. Really, that has been the case for this entire World Cup - I've been mostly pointing in the right directions, but just not right enough to make a profit. But that changes now. We are going to destroy this quarterfinal round. It's fate. Or something. And we are going to be fearless about it and make a pick in each of the four games. Go big or go home. (All odds are from Bovada): Read More >>

While strikeouts per nine innings have increased in dramatic fashion the last half decade this trend will not continue. Expect less "swinging for the fences" with a focus on a higher percentage of contact by a hitter.  The theory of putting the ball in play and placing pressure on defenses has recently found success. The Kansas City Royals won the 2015 World Series with the philosophy.  Those same Royals stole bases and had a three headed monster in the bullpen.   
Often, a flurry of bills will pass when the urgency of a legislative session’s end presses the point for lawmakers. As it relates to sports betting, the most recent example just unfolded in Michigan. Wolverine State legislators overwhelmingly approved House Bill 4926, the Lawful Internet Gaming Act, in the wee hours of Dec. 21. The legislation passed the state’s Senate by a 33-5 margin and then cleared the hurdle in the House, 71-35. The bill now sits on Gov. Rick Snyder’s desk for signature.
But, as previously discussed, in order to see the same happen in Arizona it will take a renegotiation of the state’s tribal pact. Arizona’s governor has already expressed interest in this which is why we’ve provided a list of cities that would most likely see sportsbooks open once a renegotiation happens. We’ve also listed out some nearby cities that offer sports wagering while residents wait.
Together, college and pro basketball have historically been one of the biggest winners for sportsbooks in Nevada. According to UNLV Gaming, sportsbooks actually won more money in 2017 from basketball than any other sport. Last year college and pro basketball win for sportsbooks were $87,431,000 while football (college and pro) was $76,896,000. Basketball accounted for slightly more than 35% of the win for sportsbooks last year.
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.
By giving all of your focus to a single sport and doing your due diligence, you can find great value on lines on a regular basis. Remember that public perception factors into the making of point spreads and moneylines as well; if you are way ahead of the public in terms of knowledge on a specific sport, you can spot lines that the average bettor might not.
There aren’t too many places where horse racing isn’t popular and doesn’t have enough liquidity for accepting bets and stakes. This sport has many showcase events such as the Triple Crown, Grand National, and the Melbourne Cup. The race tracks are always filled with spectators and millions of eyes are glued to television sets and live horse racing streams during these major events. Needless to say, the bookies love this and are eager for you to bet on this sport. Chances are there is a horse race happening right now. Punters can get in on the action almost any time of day all year round and the best horse racing betting sites are ready to greet you with everything you will need. Easy deposits and withdrawals, competitive odds, high betting limits, and live streaming are a few of the things that make the sports of kings more enjoyable. Let’s not forget about all those horse racing bonuses and promotions that are so easy to find. Money back 2nd or 3rd, free bets, and many other types of promotions give punters the edge they need to come out ahead when picking out their sport.

The Buckeye State has a total of 11 land-based and racetrack casinos. One of its lawmakers, Sen. Bill Coley, notably advocated for interstate sports betting compacts that would include data sharing between jurisdictions at a U.S. Sports Betting Policy Summit in Washington, D.C. in November. That concept is deemed too ambitious by many at the moment, especially given recent rumblings about a forthcoming revised legal opinion on the reach of the Wire Act.
For a lot of people, however, these decisions are NOT easy. Some people follow a lot of sports, and are not sure if they want to bet on them all. Others only follow a single sport, and aren’t sure if they want to limit themselves to just that one sport. Then there are those who want to try to sports betting but don’t really follow any sports closely.
There are 2 types of people who bet sports. Recreational Punter who bet for fun as a hobby with the hope of winning. On the other hand, Non Casual Punter bet seriously for living or at least Not only for fun. I said people who can make a living sports betting is not many.  It’s supposed to be far less than 5% sports bettors who constantly win and they are called Sharp. We don’t know if such 5% successful sports bettors can really make ends meet with just sports betting but at least they don’t lose to the bookies. The rest 95% recreational punters surely loose in the long-run. How do professional gamblers make money in the first place? or What makes the difference between the 2 punters? Yes, “Character”.
The Sports Geek was founded in 2008 and has continued to grow since. It started off as a small site and there were no real big plans for it, but as the passion for sports betting grew the website also grew with it. It’s had a team of writers helping give out free picks daily since 2010 and we’ve had a lot of success with our picks. Because of the abundance of free sports betting information we offer, our following has continued to grow.

Other popular sports for betting that are NOT on this list include baseball, darts, rugby and horse racing. We didn’t include baseball because that doesn’t get a lot of betting attention outside of the United States. Darts doesn’t get much attention outside of the United Kingdom, and rugby is only popular in a few countries. Horse racing DOES get worldwide attention, but horse racing betting is typically categorized as its own unique form of gambling.
The second question to ask yourself is: What is my betting style? Are you already winning more than you lose and putting away your winnings? Is your bankroll steadily growing, or it is going downhill consistently and requiring you to re-deposit every week? Remember, betting on sports should be fun and if you’re losing money because you’re not making the right picks, then using the services of a professional handicapper could be a good idea to help you recoup some of your lost dollars.
Although sports betting has one of the lower win percentages for casinos, it still draws millions in revenue for Vegas casinos year round. The most popular sports betting event in Las Vegas is by far the Super Bowl, which draws thousands of sports bettors each February to bet on the big game. Not far behind the Super Bowl is the March Madness college basketball tournament which also draws some big numbers to Vegas to bet on the event.
Now while mainstream bookmakers have their critics, it's valuable to have accounts (if possible!) with at least three at any one time, even if they have restricted your action. Why? Well it's simply a matter of options. While bookmakers like Pinnacle consistently offer great odds on most sports and leagues, there will be times when the best prices can be found at bookmakers such as, William Hill, Ladbrokes and Luxbet. Popular bookmakers such as these will also offer more varied betting markets. Again, long term success is very much a matter of opportunity meeting options.
Before committing any real money, the researchers tested the idea on 10 years of historical data on the closing odds and results of 479,440 soccer games played between 2005 and 2015. This simulation paid out 44 percent of the time and delivered a yield of 3.5 percent over the 10-year period. “For an imaginary stake of $50 per bet, this corresponds to an equivalent profit of $98,865 across 56,435 bets,” they say.
Many of the leading gambling bookmakers from the 1930s to the 1960s got their start during the prohibition era of the 1920s. They were often descendants of the influx of immigrants coming into the USA at this time. Although the common stereotype is that these bookies were of Italian descent, many leading bookies were of eastern European ancestry.[4]
It doesn’t matter if you consider darts a sport or a leisure activity. It is quite popular and more and more people find it easier to bet on. One might be inclined to think that darts is a niche market that many bookies don’t take bets on but that would be a mistake. This game is a staple at all of the world’s leading sportsbooks and there are so many darts events throughout the year that punters can place pre-game and live bets almost any time. The best darts betting sites usually have a promotion or two that is geared towards darts bettors. Many of these bookies provide live streaming coverage, betting tips, and other helpful information. These same bookies give punters an excellent selection of payment methods to choose from and they take pride in offering fast payouts.
Unfortunately, land-based sports betting in Arizona doesn’t exist right now. The reason mainly stems from the tribal compact that the state of Arizona has with the local Native American casinos owners. The compact allows those tribes to offer Class III gaming activities in exchange for a tax on revenue but does not extend those activities to include gambling on sports. If state officials wanted to allow other locations to offer this additional type of gaming then they would risk losing tax revenue from tribal casinos. This is why state officials are looking to rework the original compact so that only the tribes are allowed to offer it at their land-based locations.
The team points out that this kind of practice could be illegal. “Advertising goods or services with intent not to sell them as advertised, or advertising goods or services with no intent to supply reasonably expectable demand but with the intention to lure the client to buy another product (a practice often called ‘bait’ or ‘bait and switch’ advertising), is considered false advertising and carries pecuniary penalties in the U.K., Australia, and the United States of America,” say the team.
A handicapper gets information from numerous sources and assigns weights and values to the wagering data. They will make their own power ranking and predict what the point spread should be without looking at the official line. They compare their predictions to the line to look for discrepancies. A large amount of data is available via the internet and other sources that the handicapper will read through to find the gems. The use of computer programs can help when searching through the data.

A very big step to becoming a winning sports bettor is to make sure you are shopping for the best lines. What this means is that you will have to have an account at a couple of different online sportsbooks and when you are ready to make a bet on a certain team or outcome you check the different sportsbooks and find which book is offering the best line for you (this ties in with our advanced how to find max value article). For example, if you are looking to bet on the New England Patriots on a 7 point spread, you would want to check a couple different sportsbooks to see if any of them are offering the Patriots at 6.5 points, or at the very least find the best price you can get them at 7 points at. Over the course of a sport betting season you can win yourself a lot of money from shopping the lines that would otherwise would not be one. Line shopping is definitely one of the best sports betting strategies used by winning sports bettors. To see a list of sportsbooks we recommend signing up for visit our Online Betting Sites section.
However, due to lack of defensive balance in the midfield, Manchester City have been prone to defeats against teams that take the game to them and play fearlessly. It isn’t as easy as it sounds as City have pace upfront to run a precise counter against any opposition in the world. I mean, think about it, if Sergio Aguero is one of your slower players, your team must have some serious pace. City have won 4 and lost once in the last five matches and will look to continue their impressive run to reach the top of the table by the end of the weekend.
We’ve all been there. After a string of rough losses or a losing streak, there is a temptation for bettors to forgo their process and chase their losses. This, of course, only makes matters worse. Chasing your losses will put a serious dent in your long-term profits and may ultimately derail your sports betting career, especially if you wager more than your normal amount when you suffer a losing streak, in hopes of making back your money.
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.
While the odds makers do to try approximate the median margin of victory between two teams, they also try to reduce their exposure to risk by setting lines such that the public money will fall evenly on both sides of a game, so that they can offset the bets against each other and earn a profit on the juice (cut of winnings taken by the house, explained below) without exposing themselves to large potential losses. Thus, odds makers are often in the business of gauging public perception rather than team performance, and therefore the betting public actually sets the line. In more recent years, the betting public has had less influence on the odds than professional betting syndicates or sharp money has had, but there is still value to be found – although in different ways than in previous decades. If Georgia is 4 points better than Georgia Tech according to my advanced metrics and analysis, but the aggregate public perception is that Georgia is 7 points better than Georgia Tech, then the posted point spread is likely to be closer to 6 or 7 points (public perception) than it will be to 4 points (the realistic difference between the teams). This makes my job as a professional handicapper much less daunting; not only can I exploit lines where the odds makers are off, but I can also exploit the uniformed opinions of the general betting public, and more recently take advantage of betting syndicates and ‘quants’ that rely more and more on algorithms but can overlook some of the hidden value in changes in team personnel or lineups and in the particular match up between two teams.
Our goal is to be the best website on the Internet for free sports betting information and picks, and we are constantly working on finding new ways to improve our site to best fit your needs as a sports bettor. Winning money betting on sports isn’t easy, but our goal is to educate every sports bettor as much as we can to help you in your goal of profiting with your betting.
The second question to ask yourself is: What is my betting style? Are you already winning more than you lose and putting away your winnings? Is your bankroll steadily growing, or it is going downhill consistently and requiring you to re-deposit every week? Remember, betting on sports should be fun and if you’re losing money because you’re not making the right picks, then using the services of a professional handicapper could be a good idea to help you recoup some of your lost dollars.

History also remembers many suggestions that after many years of waiting brought the holders of the lucky coupons a lot of wins, although experts believe that even if you bet, it is only an approximation to the minimum, because the wait time is negligible to what’s happening in today’s games and it is likely that to win, the player may not be enough of the money that the player has already been addressed on other events.


How did the NBA top a seven-game series that featured, arguably, its top two players? By having the best player not in the series join forces with the loser. Cavalier fans finally got to enjoy a championship, but the joy was short-lived. Kevin Durant bolted Oklahoma City to team up with Stephen Curry and the rest of the Golden State ... Read More »
The team points out that this kind of practice could be illegal. “Advertising goods or services with intent not to sell them as advertised, or advertising goods or services with no intent to supply reasonably expectable demand but with the intention to lure the client to buy another product (a practice often called ‘bait’ or ‘bait and switch’ advertising), is considered false advertising and carries pecuniary penalties in the U.K., Australia, and the United States of America,” say the team.
The handicapping, sports odds information contained on this website is for entertainment purposes only. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. OddsShark does not target an audience under the age of 18. Please visit gambleaware.co.uk or gamcare.org.uk for guidelines on responsible gaming.
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