Betting on sports is a full-time job for this N.J. man



How to Survive Sportsbetting

Steps

  1. Choose a sport(s) to bet on.In the United States, football and basketball fit the bill. These sports get a lot of action and there is a lot of research that can be had from these sports such as news, sports services, TV replays and sports websites.
  2. Make wagers with the smallest casino advantage.Spreads and Totals are the bets with the least disadvantage. The 11/10 (-110 for American style betting and 1.90 in decimal form) betting structure is common for spreads and totals. The disadvantage, known as the "vig," allows bookkeepers to make their profits. It is simply a part of sportsbetting that must be accepted, and is actually smaller than you may think.
  3. Determine the the break even point for spreads and totals.The formula for determining the break-even point is: 11 / (11+10) = 52.38%. Winning more than 52.38% out of 100 games is profitable, and put this way the casino advantage does not seem too big.
  4. Do several simulations of win percentages.These will show the pattern of wins and losses. Suggestions are: 50%, 54% and 57%. The results will look like this for a 54% win percentage (which is profitable): W, W, W, L, W, L, W, L, L, W, L, W. A free online random number generator is the best choice, because eventually, pulling colored slips of paper, with 54 blue and 46 yellow, out of a barber shop hat gets tiring and slow.
  5. Analyze the data with the amount of bets made in a time frame.A bettor on vacation has a short time frame and he might make just 10 wagers on basketball. Divide the data in groups of 10 and analyze the results in terms of profit.
  6. With lots of numbers crunching, work the data further by making graphs and tables.Long term results will show many long winning and losing streaks. When winning do not quit your day job and when losing - persevere.
  7. Bet more to get into the long-term faster.Bet on football and basketball. Bet on half - times lines and small edges. Fluctuations are kinder on the bettor with a higher win percentage.
  8. Apply this to other situations like a baseball batter on a streak or a slump or the financial market.
  9. Bet "parlays." A parlay is a single wager on 2 or more teams that gives you a larger reward than if the bets were made separately. This is a true way to "get rich quick," as it offers high reward for lower risk. The more teams you bet, the higher the reward if the wager is won.

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Warnings

  • Never bet more money than you able willing or able to lose. This is the most common problem for people with gambling addiction.
  • Never try to chase a lost bet by betting an even larger wager. If you end up losing, which is always a possibility, you will put yourself into an even larger hole.





Video: SURVIVING ON BETS PART 2

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Date: 09.12.2018, 14:50 / Views: 31394