Do you love sports? Are you a sports fan? Many sports enthusiasts are just like me and love to wager on sporting events. Although I don’t see this as a way of making a living, I believe that it can be a great way to have fun while also earning a few extra dollars.
For the past 30 years, I have been a passionate sports bettor. This was at a young age. As a teenager, I used to place wagers and keep my winnings in a safe, trying to save enough money to buy my first car. My parents believed I was selling drugs and grounded me for a month. The good news is I saved enough to pay for my car. I tried to explain that all the money was made by gambling and playing golf. I was eventually believed by them and they cut me short on my explanation, but it felt unfair at the time. Now that I’m married, I feel a lot more comfortable with it M88.
Nevertheless, my 30 years of betting on sports have taught me many lessons. Some lessons were learned the hard way, while others came from research. The internet is the best tool to help you develop systems and to research games that will allow you to make better decisions and create better systems. It is possible to find systems that make a profit. This takes discipline but it can pay off. There is also a sense of satisfaction when you have an edge.
Today I will be covering two key aspects of sports-betting. What does the line mean? And what is the best money management system? Based on my personal experience and the observations of many friends, a good money management program is the best place for you to start. Every sports-bettor must first establish a set amount to bet on. This amount is called your bankroll. Your bankroll should consist of 3% to 5% of your wagers. If you have 500 dollars to wager on, a 5% wager will be $25. 3% is conservative, while 5% is more aggressive. Your wagers will increase as your bankroll grows. Always wager the same amount and try to gain an edge by following winning strategies and achieving a winning percentage. Profit is possible with a winning percentage of 53%. For example, if 100 games were wagered, you would win 53 and lose 47. You get 6 units more for your winning games. You make a profit of 1.3 units for losing games that include juice (which is usually 10%). My target is 60%, which results in a slightly higher profit. There is no lock or sure thing so avoid loading up on certain games or double-dipping! This is a recipe for disaster!
You should avoid loading up and double-doubling up. The majority of the times, the easiest games don’t work out. This is due to some very precise line-setters. Let’s move on to the next point of emphasis. What is the line? The line represents approximately 80% of the true line of a video game and 20% of the general public opinion. This has two consequences. The first is that if public opinion is strongly against one team, the line on that team will be set higher than it should. As the money is wagered on that side, the line will continue rising each week. You should avoid gambling on seemingly certain games. It is known as a “trap” game when the public opinion is strong on one team. This is often the favored team. Expert sports gamblers will place bets against the dominant public opinion based only on line setting.
The line will be drawn to encourage action from both sides. To create balanced betting, the sportsbooks will set the line slightly higher on the team they know will have strong public opinion. Monday Night Football is a prime example. The public will rate a team that covers Monday night well as a team that does not cover on Monday night. This will cause the line to favor that team more than necessary. The team that is embarrassed on Monday Night Football has the greatest advantage. The team usually plays with a huge chip on their shoulders the next week. This is often due to the fact the whole nation has just seen them play poorly. The ATS loser for the 2008 season covered 9 out of 15 games the week following, which is a 60% coverage rate. It is much higher over the long-term.
There are many things to be aware of when we enter the world of betting on sports. My one tip for you to get started in your wagering journey is to learn money management first and then to use winning systems to build your betting platform. Remember that sports-betting can be fun but not a way to make a living. You can still have fun and make some extra money if you use good money management and systems. It is much more fun to win than lose, I promise!