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).
“We couldn’t be more excited to work with one of the world’s largest gaming and entertainment companies,” said Renie Anderson, senior vice president, NFL partnerships, sponsorship and consumer products. “Combining the NFL with Caesars’ expertise in world-class entertainment will provide our fans unique experiences both here in the United States and abroad.”
Sports betting should be a little different in every region and in every state. Football may always be the most popular sport for gamblers but basketball could be a little more popular on the east coast than Nevada. In addition to regional preferences, Atlantic City and much of southern New Jersey is considered a sports suburb for Philadelphia sports teams. TV’s are always turned into 76ers, Phillies, Eagles, and Flyers games.
So, at the end of the day, what could you call a “good” record for a sports bettor? Most casual gamblers looking into sports betting see a pro advertising his 1100-900 record and shake their head a little. How could such an abysmal record be something to be proud of? That’s a 55% winning percentage, and it indicates to those in the know that this bettor is actually turning a profit placing bets on sports.
For sports bettors, the vig is more expensive than the spreads on a typical Wall Street stock trade. But the growth of online betting—mostly illegal in the U.S.—has started to shrink the vig below 10% in some places, which should eventually make betting a better deal for bettors. That’s what you’d expect, says Toby Moskowitz, a professor of finance at the Yale School of Management and one of the principals with the $226 billion hedge fund manager AQR Capital Management.
Some final rules I live by: Understand betting completely and understand every aspect of this (not just knowing lines and percentages but how are these set and how to use that knowledge), never bet on your team, never bet based on someone else’s predictions or picks, never bet without being certain and at peace with your selection, know you don’t have to bet today or this week only bet if the numbers make sense, follow your rules and never make exceptions, believe that you’re putting money on a likely outcome and not gambling on outcomes, and finally know your limit (monetary, knowledge and skill) and quit if you can’t meet the standards of an average bettor. Losing money doesn’t mean you can’t do this. Even losing for a season. But you must be realistic with yourself and why you are losing and either get better in these areas or just quit because hobby betting is fine with a few bucks but hobby betting to win money is a recipe for losing your account.
If you've ever said the phrase "I'm not a numbers guy but....", then you probably shouldn't be a betting guy either. While plenty of gamblers can make a success of it by betting on instinct and 'feel', to be successful long term you need a viable staking plan and you need to understand what the odds reflect in terms of probability. In short, its a numbers game, and you need an adequate relationship with division and multiplication as a minimum.
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 name suggests long-term bets spread over a longer period of time. If you like, you could call them the opposite of live bets. Long-term bets are offered for all possible sports, whether it's football, tennis, basketball, ice hockey, Formula 1 or winter sports. The bet is used for longer, season spreading formats - therefore the name. Popular examples would be EURO or World Cup qualifications or final rounds, leagues, cup competitions or other tournaments. The classic long-term bet aims at betting on the winner of the chosen format/competition. Therefore one often speaks of championship bets in football or other sports. For example you can bet on who will win the German Bundesliga, the Premier League, but also tournaments like the Chmapions League or the DFB Cup. A long-term bet in tennis for example would be betting on the winner of a certain Grand Slam tournament like Wimbledon. This principle works analogically for all other sports: Who will be Formula 1 world champion? Who will win the biathlon total world cup? Long-term bets are usually placed before the season starts or before the championship or the respective tournament kicks off, because then you get the best odds. Of course you can also place them in the course of a certain competition. You can for example bet on the final winner in the semi final. Then four teams or players are still left to choose. Remember: Bookmakers react to the intermediate result and adapt the odds accordingly. The profit calculation works as usual: The betting stakes are multiplied by the betting odds. An example for a long-term bet, where you bet on the winner of a competition would be a tip on the winner of the total world cup in Alpine skiing:
When you are betting on sports you should always set aside a certain amount of money, which we refer to as your “bankroll”, in which you can afford to lose. Like with any type of gambling, you never want to bet betting on sports with money you cannot afford to lose. Set aside a certain amount of money that you can use for your bankroll for the week, the month, or the season. A general sports betting strategy for money management is to only make bets with 1%-5% of your bankroll. For example, if your bankroll for the NFL season was $1,000 you would be making $10-$50 bets on each NFL game you wanted to bet on. It is also very important that you do not chase your loses with bigger bets. It is common for some sports bettors to be down money and feel in order to win it back they need to increase the size of their bets. This is putting yourself in the wrong mindset and will often lead to you losing even more money. Work with the size of your bankroll, and look to slowly increase it over the length of the season.
Tonight in Las Vegas the West Coast Conference Semifinals take place in what is an exciting time to be in Sin City. Fans from across the west have enjoyed coming to Vegas as this has been the site of numerous conference tournaments as of late. Monday we take advantage of one team we feel is getting way too much credit in this spot. Hope you join ...
If you are a fan of sports betting you will LOVE Las Vegas. Being the only state in the union that allows legal betting on all of the major individual sports leagues and events, Las Vegas draws thousands of sports bettors year round. Almost all Las Vegas casinos feature a sportsbook and a number of big screen TVs which creates a great sports betting environment.
The oddsmakers have come up short in our opinion on this total as they have this at 6 it should be set at 6 1/2 all day long. As we have all year in the NHL, we will take advantage of this mistake. Carolina are playing their third game in 4 nights and now have to play in the altitude of Denver. It will be tough for the Hurricanes to play a solid defensive game tonight. In fact, Carolina has not been playing much defense at all lately allowing an average of five goals a game in their last 3 games. The total has gone OVER today’s posted total in 7 out of the last 8 Carolina games. As for Colorado, they always play much better at home and also score more at home. In their past 5 home games, they have averaged 4 goals per game. With both clubs fighting for a playoff spot you will see both clubs going all out for the victory tonight and pushing the total over 6. The fact that the Over is 6-2 in the last eight meetings in Denver just solidifies our selection. So lets get the job done with the Carolina/Colorado game OVER 6 as your free play for today.
Betting $50 on one game and $500 on another is a sure way to find yourself separated from your cash in the long run, just as betting 50-percent of your bankroll on one game will ultimately lead to disaster. A sports bettor may win a few games when betting more than they should, but eventually, the loss, or losses, will come and the bettors end up in trouble.
It is that time of the season again, the title races across the Europe are heating up, the Champions League is back in 2 days and it feels like the second Christmas of the winter season is upon us. If Christmas gave us a clear leader at the top of the pile, Christmas 2.0 has put some life back into the title race and now people are looking for someone at Liverpool to make the next big ‘Slip’.
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.
BIG GAME ALERT for TUESDAY: Prez sports a 12-5 (71%) NHL best bet (4%) run and has cashed four of his last six NHL Main Events. He has isolated a Tuesday night affair on the ice that gives one group of skaters a signficant edge over their conference foe. Join Prez in the rink Tuesday night with this MAIN EVENT 5% NHL GAME OF THE MONTH (12-5)... just $9.00 until Monday at midnight.
Wow, 2018 flew by and was a great year in sports overall. We enjoyed a lot of success with the free picks here at The Sports Geek and have grown our great team of handicappers. 2019 is shaping up to be a great year with new experts joining the team and a new website to launch early in the year. We will continue to grow our Daily Fantasy Sports section of the website, which has really taken off in the last year. We are looking forward to helping you have a successful and enjoyable 2019!
When it comes to sports betting in the U.S., there’s a lot happening from mid-January through to May. Although many sports bettors feel that after the college football championship game and Super Bowl are over, that they’re simply waiting for NFL and NCAA football to start once again. But the fact is there’s more sports betting opportunities from January through to August than any other time and this is primetime for real cash sports betting.
Along with professional gamblers, the show also features Seattle Seahawks quarterback Russell Wilson, sports broadcasting icon Brent Musburger, and comedian Cousin Sal. While some bettors and handicappers may not be pleased with publicizing some of the negative sides to sports wagering, producers are hoping viewers give the series a chance as they try to show a season from all angles.
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.
He had two goals and an assist in Roma's 3-0 home win over CSKA Moscow two weeks ago, and a hat trick in a 5-0 home win over Viktoria Plzen in Matchweek 2. It's hard not to pick Dzeko here, even playing in Moscow. He didn't score in a 1-1 draw with Fiorentina on Saturday, but still took six shots. And Dzeko scored eight goals in 12 Champions League games last season.
**This is pretty long and covers your question and betting sports as a full-time endeavor. I bet year-round but don’t know if I would term myself a professional sports bettor and don’t have the bankroll to ever be a “shark” but I know the industry and the sports inside and out and put in considerable amounts towards each season. If you want to see what work goes into this and not just a numbers explanation (means nothing to someone who isn’t betting full-time and isn’t useful for someone who is because they already know) read it and let me know if you have any questions.**
The most important consideration when buying picks is finding veteran handicappers who are true experts in their field and are also known throughout the industry as being the best at what they do. There are “scamdicappers” out there who overly promote themselves with the aim to deceive. These are horrible people who will provide you with false records in hopes of taking your money. Any of the picks services we promote on OddsShark are thoroughly vetted, trustworthy and don’t make false promises. Check out our Top Picks Services pages for Canada and the United States for more information.
A good record for a sports bettor is any record equal to or larger than 52.4%, because that number or anything higher means you’re not losing money. A 53% winning record, while not impressive on paper, means you’re actually beating the sportsbook and putting money back in your pocket. Ask your friends that play the slots or play online poker how often they end up putting money back in their pocket.
West Virginia and Marshall both argued in favor of receiving a small integrity fee when the state of West Virginia debated sports betting, but the final bill did not include any such royalties for schools or professional sports leagues. According to an ESPN.com report, universities including Connecticut, Rutgers, and Missouri have also met with representatives from professional leagues to discuss whether they might be able to receive an integrity fee. So far, no state sports betting legislation has passed while including such payments.
It is just ridiculous to look ahead at futures prices for the 2022 in FIFA World Cup in Qatar right now. It's not until November of 2022, so it is still almost four years away. And with the controversies that have surrounded the host, we still can't be entirely certain that it will take place in the desert at all. Really, we could hope that it won't. Read More >>