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So how difficult is sports betting math? The math behind placing a winning bet is fairly complicated, but the way to stay ahead of the bookmaker is rather straightforward. If you collect on 52.4% of your bets, you’ll break even. We’ll have more details on that number later, including why it takes more than 50% wins to break even, but first some general knowledge about sports gambling and the numbers behind it.
The NFL’s official partnership with Caesars Entertainment is a perfect example of the value of contractual relationships between leagues and the casino gaming industry. The partnerships now in place between gaming companies and each of the four major American sports leagues enrich the fan experience and validate gaming’s role as a form of mainstream entertainment.
DOC'S SPORTS is bringing in the same soccer handicapper that released plays in the 2014 World Cup and the 2016 Euro Championship. Doc's showed a massive profit in the 2016 Euros, banking over +$5,000 in the one-month tournament while going 8-1 on top plays. They expect similar production at this summer's biggest sporting event and you don't want be left out of this winning.
I don’t believe that the term ‘gambling’ applies to what I do. I sell information to subscribers, with which they can take positive expectation positions in uncertain markets. With correct financial optimization and bankroll management, long term risks are nominal compared to the risks of investing in other, more conventional markets. Just as a single stock may go up or down in a day, any one team may win or lose a given game. But as long as the investor maintains a long-term perspective, understands variance, and doesn’t over-extend themselves or bet more than they can easily handle, risk can be highly mitigated, and they can earn a very attractive risk adjusted return.
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).
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.
Notably, Delegate Marcus Simon also spoke of introducing his own sports betting bill early in the 2019 legislative session that would aim to legalize the activity by July of next year. When he spoke of the potential legislation in October, Simon alluded to racetracks and off-track betting parlors as potential sites for brick-and-mortar sportsbooks.
It's a widely known concept that the vast majority of sports bettors are going to lose money. The most popular concept is that 90-percent of sports gamblers will lose money over the course of the year, but that doesn't stop people from wagering on sports. When those bettors eventually go broke and cannot wager anymore, there's always somebody else waiting to take their place in line.
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.
It might not be the most physical pursuit but snooker involves a lot of skill and the steadiest of hands. You may be surprised to know that professional snooker players stand to make millions of dollars over the course of a career. Compared to some other more sports, snooker has a much smaller following. This obviously carries over to the sportsbooks in that they see much less betting action on snooker as they do with football or rugby. Nonetheless, almost every bookie worth their salt offers this game for betting. The best snooker bookmakers make sure that you won’t have to miss out on any betting opportunities. Match betting, correct scores, total frames, and spread bets are just scratching the surface. Aside from picking outright winners in tournaments, punters can usually pick from 20 or 30 propositions on any match. When you pick the right bookie you can also watch live snooker streams and participate in live betting. As always, there is a treasure trove of free bets, money back promotions, and other betting incentives that will give you a leg up on your bookie.
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.
On the other hand, if there's a sport that you want to bet on but have no idea how to go about it, then buying a weekly package may work out for you. For instance, if you're looking to bet on the UFC but don't know enough about the fighters and the sport itself, a picks service will give you a detailed analysis on why their handicappers are picking one fighter over the other and why.
The second question is ultimately the most important one though. Really, this is what your decision should come down to. It’s easier to make money right now from betting on sports that you’re already familiar with, but you’ve got to think carefully about whether other sports might offer better opportunities in the long run. It’s probably best to focus on just one or two sports to start with, but you might want to start betting on more once you’re getting consistently good results.
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