How to Profit From Sports Gambling

The goal for sports punters is to earn a profit whilst enjoying our favourite sport. The sad truth is that for the majority of gamblers, this is an elusive dream. However by developing and carefully following a stratagem anyone can make this dream a reality.

There are two factors to consider to profit from sports gambling:

  • Bet Selection
  • Staking Plan

Bet Selection

The first, Bet Selection, is obvious – we need to back winners at least some of the time. Let’s consider Horse Racing, anecdotally there are many professional punters who earn a comfortable living from picking horses, but the key word here is professional. Research and analysis of each horse in the 59 racecourses across the UK takes a sizeable amount of time and experience. If you want to be successful then it’s a full time job! For the majority of us this means we have to use the advice of experts to do some of the legwork for us.

Horse Racing Tipsters

UK horse racing has no end of self-proclaimed “experts” on the Internet charging up to £100 per month. When selecting a horse racing tipster the most important factor we need to consider is long term results.

The Internet is awash with tipsters who have had one good month but then go on to post a loss for the next six – but you will only see this one month on their home page! Never follow any tips without first checking the tipster’s full result history. Choose a tipster who publishes all their horse racing tips history, ideally where the results of the tips are published the next day along with a complete history of all their tips.

Take a look at a Tipster Proofing site such as Racing-Index who grades the results for a number of tipsters. Consider which tipster gives you gave for money and fits with your own betting profile – can you actually place the 100s of tips each month some tipsters require?

Following tipsters alone is not likely to earn us riches – the best tipsters are locked out for new members or charge such high rates that any profits are lost immediately. The solution is to develop our own system using tips from expert sources combined with our own research. This is the strategy successfully used in greyhound racing by followers of the site. As with most things; the more you put into your system the more you will get out.

Staking Plan

Once we have a betting strategy in place it is time to look at a staking plan. The simplest is Fixed or Level Stakes where we simply bet the same amount, for instance 2% of our initial betting bank, each time on our selected horse, however we would want to increase our wagers as our betting bank grows. This leads to Percentage Staking where a percentage of the current betting bank is wagered each time. This means as we win our stakes are larger and conversely the stakes shrink when the betting bank decreases.

However, intuitively we know these staking plans to be overly naive as we would be putting the same amount of money on a horse with low odds compared to a horse with high odds. As we are looking to maximise our profits we should be putting a larger stake on a low odds bet as the return will be less.

To find the optimal staking plan we could take a correspondence course in statistics and dedicate several years into research. Fortunately we live in age where this research is at our fingertips. From probability theory we have the Kelly Strategy where the optimal percentage of our betting bank is calculated from the odds of the bet and our own estimate of the probability of the horse winning.

Using an online Kelly Strategy Calculator just feed in the values to get the percentage of the betting bank to put on each horse. Now the Kelly Strategy can give us some scary percentage stakes if we have an initial run of high odds horses so we could adapt it to a Half Kelly Staking Plan where we wager half the percentage advised by the Kelly Strategy. This would result in a slower accumulation of gambling profits but a less hair-raising ride.

The most important sports gambling advice to heed is only bet with funds you can afford to lose. Always gamble responsibly – if you feel you need help and advice with problem gambling visit http://www.gambleaware.co.uk.

Win at Sports – John Patrick’s Sports Betting

If you are good at sports bet, you will not need any book to tell you how to win at it. If you need help for winning at it, there is a very good chance that you are getting the basics wrong. If a professional bettor starts getting his bets wrong at a stage in his career, it would make good sense for him to revisit the basics of betting. John Patrick’s Sports Betting: Proven Winning Systems for Football, Basketball, and Baseball by John Patrick is one book that will help struggling professional bettors get their charm back and get back to winning ways. There are many ways in which professionals can get back to winning their bets and each one has its own advantages. While this is surely not the best book on the subject, it is one of the better books available.

If you are a professional sports bettor on a lookout for a book that will teach you basics and teach them quickly, this is the book to have. John Patrick’s Sports Betting: Proven Winning Systems for Football, Basketball, and Baseball by John Patrick is the crash course on the basics of betting. There are many bettors who have benefited from this book. It is now your turn to have the best book on sports bet in your favor. Get this book once. You will never need another course in betting after you have been through this. It will help you win every time that you play.

Sports Betting – A Smart Investment Or Gambling?

Overview

Rather than thinking of sports betting as just a form of gambling, it can be considered as something that is similar to a good investment in the market. For anyone who is seriously interested in sports betting and also targeting long-term outcomes, It could provide large earnings with only a tiny fraction of the effort and hard work and a lot of good fun. There is absolutely no question about it, together with the right method it’s absolutely possible to turn this activity into a long-term investment decision.

The positive and negative of sports betting

One of the advantages of betting in sports would be the basic fact that it can function as an actual connection among the entire family and also between friends. For many years, sporting events have actually really helped individuals to come together. The good thing is, you will find plenty of details on sports, from the net to stand alone internet sites, there is no lack of research and studies. Sports handicapping additionally offers quite a few profitable opportunities. But, let’s not really forget all the disadvantage connected with this type of activity, it may end up in really expensive losses and also there are traumatic lows to accompany sports betting’s excellent highs. Because of this, it is important to take into account that without having an ideal funds management process or maybe technique, it could be a bad risk. Nonetheless, done properly, you would most likely end up on top overall.

How to deal with your betting

You could easily be in command of your actual sports betting simply by making certain that you carefully study each of your bets, particularly when it comes to handicaps. It truly is all about treating it like an investment, leaving behind all of your feeling and emotions aside so as to make smart wagers. Among the most crucial components of highly effective sports betting is money management. The best way to figure out how to do it right is simply to teach yourself and also to put together some sort of well-managed system for the amount of hard earned cash you can wager on any game, including the amount that you’re willing to gamble on any particular game and balancing dangers versus gains.

Summation

If perhaps you try to see sports betting like a marathon, rather than a sprint, you would surely make a considerable profit. Nonetheless, it’s always vitally important to quit gambling and to begin investing. In time, this could help you have the way to realize your ambitions.

Picking the Spread With the Sports Picks Buffet

Betting on sports is not the easiest thing in the world to do. John Morrison, the author behind the successful eBook “Sports Betting Champ” does make it look easy. It is not hard to be envious of his wealth and the material possessions he has accumulated through sports betting. But at least he is sharing his secrets and the tips that have made him the betting champ that he is today. His, The Sports Picks Buffet, is a membership and eBook that can help anyone find the right way to bet and come out winning instead of tossing money down the drain with constant losses.

Okay, so saying that you are going to get rich just because John Morrison is a statistical guru is going a bit far. Yet why do his sports picks work for him? Because he knows what to bet on and what the spread for each game is going to be. He has the money to cover enough bets that when one pays off, it pays off big. However, you may not be in the same boat. You may not have enough money to spend covering all the various picks so you are not going to see the revenue that he sees.

There is a really fine line between success and failure and The Sports Picks Buffet is supposed to show you that line. Instead of you going to a bookie and gathering information on one game, Morrison does the work for you and covers hundreds of different bets that you can choose from for that particular day. Each bet is going to tell you what the statistics for the spread are and what you should bet on.

The one thing that is easy to forget when you get caught up in the excitement is that not all bets are going to pay off big. There is no guarantee that the Lakers are going to win with a ten point spread. If you fail to factor that in, then you will lose your bet. So you do have to keep statistics in mind when you are betting, especially on sports. You have to factor in human error.

You really must keep in mind that you need to know about sports and betting before you pick up The Sports Picks Buffet. If you have no clue as to what a point spread is or you have an issue with gambling, then this is not for you. Morrison does put a lot of time and effort into his system but it can only do so much. In the end you have to be the one to take the chance on whether or not you trust him and his picks.