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.

Online Sports Betting – Weigh Your Options

There are two kinds of sports enthusiasts; those who go out there and actively participate in sports. Others sit in front of their television sets and get their dose of action. But somewhere in between on the blurry line stand sports lovers who make it their business to profit through their understanding and knowledge of a certain sport. After all, every sports fan thinks he can do a better job than his favorite team’s captain or marshal his resources better than the coach. So why not prove it and make some bucks through Online Sports Betting?

But like any sports action full of thrills and edge of the seat excitement isn’t for a week hearted fan, Online Sports Betting isn’t for faint hearted either. You might think you know best about your favorite sport, but things might not go your way on a given day. Like on sports field when overwhelming favorites get knocked out. So always weigh your options carefully before placing your bets and remember false bravado won’t get you anywhere.

If you are in America, you’d probably want to bet on your favorite sports like Basketball, American Football etc. The basic principles for online betting, be it American Basketball Betting or American Football Betting, remain the same. Your job is to beat the oddsmaker and make some money, while in the process you can have some fun as well.

There are different types of bets you can make and there are variations of these available with several online betting companies. It’s important to specify the kind of bet you are placing, which might be tricky for a starter.

Here are different kinds of bets you can make with bookmakers:

  • Straight bet where you bet on the winner at odds that are already given. It’s often termed as single bet as well.
  • A point spread bet makes things even more interesting and can either work in your favor or go against you. The favourite has to beat the underdog with certain number of points or goals according to your bet. Even if your teams wins but doesn’t beat the other team by sufficient margin, you won’t be making any money.
  • The Moneyline bets work exactly the opposite of point spread method, and can take some getting used to. It’s best to leave such bets till you get a hang of the system.
  • The total bet is placed on number of points or goals scored in the match, depending on what sport it is. It has nothing to do with the winner or loser, and can even out your chances.
  • An accumulator bet is when you pick your winners in more than one game. The winnings of your first game are parlayed onto the next one for further profits. However it’s imperative that you win the first game else it’s only considered as a single bet.
  • You can make bets for future games too. Some bets are open at the beginning of the season and you can pick your early winners.

Sports betting online isn’t as complicated as you think and can be a lot of fun.

The Big 3 Factors in Choosing a Sports Handicapper

Are you a sports fan who likes to bet on his favorite team? Are you a casual bettor or do you bet on sports seriously? For casual bettors who enjoy plopping down a few bucks on a game of interest, there is not so much a need to pay for a professional service that provides betting advice. It’s just a little money on an interesting game, and it makes spectating a little more enjoyable. But for those individuals who take their sports betting seriously, they may want to consider hiring a sports handicapping service.

In many cases, it can make sense to hire a handicapping service, but you need to understand exactly what you are paying for. You’re not hiring the handicapper (also known as “capper”), for some additional counsel. They shouldn’t be viewed as just another opinion. If you are going to pay handicappers, then you should take their tips and bet them accordingly. Picking and choosing which bets to play may not be the best strategy.

So let us assume you have made the decision to hire a capper because you are serious about making money in the world of sports betting. What should you look for in your search? Although there are many similarities in the various cappers, there are also some differences as well. In this article we will review three of the most important considerations.

Look for an Experienced Handicapper

There is an old saying that there is no substitute for experience and that is very true in the world of sports handicapping. Make no mistake that capping sports games successfully takes a lot of hard work. There are many variables to consider and these guys need time in the business to really figure out how to do their jobs effectively. That usually involves many years in the business. Thus, look for a handicapper with at least ten years of solid experience handicapping sports.

Find a Handicapper Who Posts Results Publicly

In the business of sports betting, there are many handicappers who prefer to keep their identities and results private. That may serve their own needs well, but for me, I want to know who I am hiring and what their track record for successful capping has been. Look for someone who isn’t afraid of being transparent, if not with their identity, at least with their results. It is common knowledge that even the top handicappers are only successful 55-60% of the time. Make sure the handicapper has a success rate of a minimum of 55%, so that you can bet profitably over the long run. After all, you are paying him for his expertise and he should therefore be willing to own up to all of his picks.

Ensure the Pricing Structure Fits into Your Budget

The bottom line in professional sports betting is making money. The bookmaker must get paid. The handicapper must get paid, and you, the bettor, wants to get paid too. Before you hire a handicapper, make sure you have a complete understanding of his prices. Are you paying for a subscription? If so, how long does it last, and is the renewal rate the same? Calculate the handicapper’s fees into your formula to determine how successful you need to be to profitable. Higher priced handicappers are more suited for the bigger bettors.

Conclusion

Who is the best sports handicapper? The answer may surprise you. There are quite a few good ones out there. If you choose one that has been capping for at least ten years, posts their results publicly, and has a fair pricing structure, then you have done your homework and are ready to dive into sports betting with a good partner.

Best Online Sports Betting Sites

The world and the things around it are mostly working by the touch of technology. The alterations that we are having made by the technology are being so beneficial to us. Things are made much easier now and almost everything is more useful. The computer is the number one example of the change that the technology has given us. We do not have to go places or read books anymore just to be able to research; for we can now find anything we need like jobs or places by Google. We can also look for entertainment in the computer through fun sites. If you are a book lover or just plainly curious, you can read novels or any type of books like online sport books in your computer. In addition, downloading it would be better so you can upload it to your gadget and read it there. There are also numbers of job online if you are looking for one.

If you think it would be hard, well it is not. Communication is very easy to establish with the internet by electronic mails or what they call as E-mail. You can also chat by instant messaging or see one another face to face using the web cam that can be bought and attached in your computer. Most people make money from computers. Gaming is so demanding to all ages. That is why most invest for computers to build their own shops. Some might not be a fan of online games but surely there will be sites that are so much in demand to look at too. Gamblers are seen in such stores as well because of the sports betting sites. They are the ones that make money by online sports betting legal.

Sport betting is obviously a kind of gambling. This is usually played by those who watch sports regularly or people who just want to make money. This works by betting on the team on any sport, which can be soccer or basketball, by putting money in any cost you want in it. If the team you bet on loses, then you have just lost all the money you bet. However, if the team got the victory, you just got all your money back with profit, which makes you richer than you are right now.

Is this easy or what? This betting process is usually done in betting houses but now, you can just go over your computer to look for the best Sports betting online that is available for you. These sports betting online sites are scattered in the World Wide Web for you to find. Making the betting online has saved us from wasting so much effort and time. But then again, which can be the best sports betting online site from all that you will find? You should ask the betters you know on the site which ones they would think are believable. The site must have a good reputation and are already trusted by many like the enthusiasts in sports betting.

You may look at sites like VIP sports to help you with betting on your picked sports team. This VIP sports is known all around the world by their eminent betting online. They will give you choices that are deluxe in the line of sports betting like NBA, NFL, Formula 1, NASCAR, horseracing and the most famous sport in America, the Major League Basketball. The VIP sport is not the only site that is best in the world. There are also BetCom, MyBookie, BetGameDay, and many more.

These sites may really be the best in sports betting but then these do not guarantee you a win. What you will need is a system that will make you win and consistently let you earn money.