For example, when two teams play a game of soccer, the bookmakers set odds of each team recording a win, loss, or draw. Sometimes large numbers of people can bet on a particular outcome for reasons that are unrelated to the odds—that team might be more popular than expected, for example. In that case, the bookmaker is set for a large payout if that outcome occurs.
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.
The two rules listed and explained above govern the sports bettors who will win or have the best chance to win money over time. You must win 52.38% of your bets at -110 odds to break even. So winning 53% of your bets is great because you didn’t lose anything and won something which if you bet year-round, that will build over the years and you have then done what very few people on earth can do and beat the books. A 55% winning percentage will yield a very nice profit for a season. My best college football season ended with a 62.4% winning percentage which left me with a very nice profit. But that’s with the work put in and the risk of losing a lot of money (you can lose even with all the work, data analysis and belief in the world so when you lose, it shouldn’t bother you as this is just the reality of betting sports).
Last 4 Premier League games have seen each team get a couple of wins with Chelsea Scoring 4 and City scoring 3 goals. It remains to be seen how both the tactically sound managers will set up their teams but expect Manchester City players and Manager to show that championship mentality and come up with a big, but close, result to sneak themselves to the top position on the table for one more week and push Chelsea out of the top-4.
Listed below we have some of the best sports handicappers in the business today offering free bets on today’s games.  While you won’t find each experts locks of the day on this page, you will find daily winners to help you with your betting.  If you want their strongest plays then you are going to need to sign up for a premium package or long term subscription.  Click their name or go to our premium section for more info.
Frank Sawyer’s Hollywood Sports EASILY DELIVERED their 25* CBB Summit League Game of the Year last night on Purdue-Fort Wayne who defeated South Dakota by 26 points to further a RED HOT 13 of 19 (68%) CBB Sides run along with a 5 of 7 (71%) CBB Game of the Year mark! Now Frank spots ANOTHER OUTSTANDING $$ OPPORTUNITY with a 25* CBB Conference Game of the Year! DO NOT MISS OUT!

“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.”
Critical. If you don't understand betting value, walk away. Sure you might be certain that a favourite at odds of 1.45 is going to win, but are the odds being offered giving any value? Plenty of times I've heard casual gamblers say "There's no way this team is going to lose this game." Well they might be legitimate favourites, but is the probability of them winning better than the odds being offered? Betting with this frame of mind is a little like saying an over-priced $2000 wide-screen TV was good value just because you really really really wanted it.
During the offseason of a specific sport, most bettors just switch gears and focus on the active sports. They figure they can just “catch up” on the offseason later. Meanwhile, if you are keeping up with daily happenings, personnel changes, prospect development, transactions, etc., on a year-round basis, you will have a huge advantage over the public (and maybe even some sportsbooks as well).

Of course, as in any game of chance, there is variability in the actual results and just because you have won 55% in the past and expect to win 55% in the future doesn’t mean that you’re going to win 55% this upcoming season. There is variance in sports betting, as there is in most investments, and I calculate the standard deviation to figure out how much of my bankroll I can safely wager on each game during the season to accommodate potential negative swings while having very little chance of exhausting my bankroll. I have extensively quantified the variance that exists in sports betting, and use mathematical formulas to dictate the exact optimal amount to invest so as to maximize the ratio of profits to variance.

As the statement points out, NCAA rules bar student-athletes or employees of the athletic departments of member schools from wagering on sports, a policy that won�t be changing anytime soon. But the new study will try to figure out what impact legalized betting will have on NCAA operations, and what the organization might be able to do in response.
“It’s not too dissimilar from the type of trading that you guys cover,” Kip Levin told me on Thursday. He runs the company’s U.S. operations. Paddy Power Betfair just completed a merger of its U.S. unit with the daily fantasy sports website operator FanDuel in the hope that fantasy sports will give it a smooth segue into betting on real sporting events.

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.
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.
On our Picks page, you’ll notice dollar signs, ATS, To Win and Total O/U. These are all betting terms that you should familiarize yourself with in order to make strategic picks. Under the Last 100 heading, you’ll see the records for the last 100 games played in the Premier League. The table also features the amount of money won (or lost) based on the opening and closing lines, ATS and Total O/U. It may seem like gibberish but don’t worry, we’ll explain each term below.  
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