Placing a sportsbet is a game of skill. The challenge is to gather and analyze as much information as you can about a game, weigh the probabilities of each team winning, and subsequently compare your opinion to the oddsmaker's.
While luck may be a deciding factor in the outcome of any single game, and will inevitably go against the bettor on occasion, it will balance out in the long run.
Being a consistent winner in sports betting is not about luck but whether the bettor is prepared to invest the time and effort to become knowledgeable about the sports he bets on, whether he can weigh all the factors in a cool, objective fashion, and whether he adopts a consistent, disciplined, long-term approach to betting.
The bookmaker is simply a middle-man who operates on a small profit margin and, ideally likes to see half the money wagered on one team and half on the other, assuring a profit.
If too much of the money goes on one team, the bookmaker will move the line or point spread to encourage bets on the other team in an effort to balance his book. The person the bettor is attempting to beat is the oddsmaker, and the oddsmaker's views on each team's chances.
Just by flipping a coin, bettors will be right 50% of the time. At odds of 10/11, only 52.4% of the bettor's bets have to win for him to overcome the bookmaker's profit and break even, so he only needs a very small edge to become a winner.
So bettors must do their homework and bet selectively. 55% winning bets is definitely achievable and 60-65% is a realistic target. At those levels, the sports bettor will have an extremely profitable and enjoyable hobby.
May 17, 2018
On Saturday, the Pimlico Race Course in Baltimore, Maryland will host the 2nd leg of the 2018 Triple Crown, the 143rd Preakness Stakes. This is a Grade 1 stakes race with a purse of $1.5 million for three year old horses. This is the shortest race among the three Triple Crown races and will cover a 1 3/16 miles of the race course. read more »
May 10, 2018
On Thursday, the Winnipeg Jets will face the Nashville Predators in Game 7 of the NHL Western Conference Semifinals. Game time is set 8PM ET at the Bridgestone Arena in Nashville, Tennessee. read more »
April 26, 2018
On Thursday, the Boston Celtics will face the Milwaukee Buck in Game 6 of the 2018 NBA Playoffs. Boston holds a 3-2 series lead and has a chance to close out Milwaukee on the road. Game time is set at 8PM ET at the BMO Harris Bradley Center. read more »
April 19, 2018
On Thursday, the San Antonio Spurs will host Game 3 of their 1st round playoff series against the Golden State Warriors. Game time is set 9:30PM ET and will be played at AT&T Center in San Antonio, Texas. read more »
April 12, 2018
The 2018 NBA Season formally ends Wednesday, April 12. Each conference has determined its playoff bound teams as well as their match-ups. On Saturday, the 1st round of the NBA playoffs will begin with four intriguing matches. read more »