Even though most sports bettors are losers in their own right (as a whole, bettors actually win an average of only 48% of their bets – less than they would expect to win if they just flipped a coin for every game), their losses are compounded by the fact that the house takes a cut of winnings, also known as the ‘juice’ or ‘vig.’ Most sports books charge a 10% commission on wins, which means that a bettor must actually win 52.4% of his games just to break even. (Wagering $100 per game, a bettor loses $100 with a loss and wins $90.91 with a win, so he must go 11-10 (11/21 = 52.38%) to break even).
Its very hard to win money in long term betting. I don't suggest you quit your day job to do this. There are people that do make money long term betting but I guarantee you that they are not hanging out right now on 2p2 reading this thread. Its VERY VERY hard. I honestly think it would be easier to become a surgeon than become a professional bettor.
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 sports books line is flawed if it does not attract the same action amount on both sides. From a smart handicapper’s point of view, the line is flawed when it does not compute to his predicted outcome of the game. A weaker team can actually become the favorite if public sentiment is with that team. When this happens the underdog presents a huge overlay for the seasoned handicapper tilting the odds in his favor. This is the contrarian principle and why many smart handicappers go against the general betting public.
The outlined sportsbook strategy also answers a frequent question, whether it is possible to be profitable in the long run or even make one's living by sports betting. It is certainly possible, however it places considerable demands too – on time, psychics and discipline as well. Information collection may be a full-time job, but it is also a hobby for many.
Of course, there is a lot more to look for other than good odds and a lot of wagering opportunities when choosing the best sports to bet on. These days, it might be important to be able to place bets using mobile devices and SMS. Maybe you want to easily watch the live action and bet in-play on your favourite sport. Punters want choose a sports that helps them to maximize their earnings and mitigate their losses by receiving valuable bonuses and ongoing promotions. In other words, punters want everything that the best sportsbooks have to offer.
In order to beat the juice and win in sports betting, a bettor must employ a disciplined approach in their analysis of each game using methods that have proven to be successful in the long run. I discuss my math models and analytical metrics in my Handicapping Methods essay, but you must realize that only the best and most knowledgeable handicappers can win more than 52.4% of their games. In their 2007 two page article about my handicapping success, the Wall Street Journal wrote, “…fewer than 100 people can sustain (win rates of 55%) over time. Most of them belong to professional betting syndicates that hire teams of statisticians, wager millions every week and keep their operations secret.”
Details of the bill as it pertains to sports betting include: The state’s lottery serving as the overseer of implementation and ongoing regulation; five sports betting licenses being made available at an initial cost of $250,000 each; sports betting revenue being taxed at 15 percent, with 2.5 percent of it going to the lottery for administrative fees.
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.