Can you make good money at this?

[Freakin]

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Who is that chick? Hotdam, she's fine. [img]/images/graemlins/smirk.gif[/img]

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Lacey Chabert. See Party of Five [img]/images/graemlins/cool.gif[/img]

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FYP

[plus_man]

Where is your source on this?

[meHIGHyouLOW]

Sports betting.

Its actually very similiar to poker.
It all comes down to making +ev bets and good bankroll managment.

Step 1: Decide what you are going to bet, its almost impossible to bet NBA,NHL,MLB. Out of these NHL has been the most profitable in past, but now that they decided to be a-holes and not play MLB is prolly the best choice.

Then you start making your percentage % estimations, dont let your emotions get over in this spot. Its not prolly a bad thing to stay away from your "own" team games, since its very hard to try bet them objective.
As far as I know, the best way to make estiomations is to give every team(maybe pitcher in this case) power ratings before the season, i.e you think team A is the best so you give it 10000 and you thin team B is the worst on league so you give it 1500.
Then you figure out your own way to count the % out of of those power ratings, and change them little after the team plays. NOT about the results, but if they are playing good or bad. And if there something specialy about the game you change the % a bit.
Then compare the % ot odds offered.

Bankroll managment: Best way is to use kelly-criteria(lot of stuff about this here) and divide it with 4 or 8.

There is not a one correct way to make money in sports betting and this stuff is pretty complex in beginning.

Usually underdogs(especially on home field) are best bets, if im not completely wrong you would have made profit many years on NFL by betting blind the home underdogs...

And finally 10 golden advices by Jorma Vuoksenmaa:

1) Bet only +ev matches.

2) Know the sport you are betting.

3) Know the teams.

4) Dont care about what others say(average joes are usully wrong)

5) Dont overestimate the last results.

6) Find out what is the actual home-field advantage of each and every team.

7) Dont overlook injuries.

8) Dont overlook motivation advantage.

9) Dont overbet.

10) Play only singels.

[AnyTwoCanLose]

If you don't have some kind of inside information, I don't think you can.

You are not going to know more than the people setting the lines.

[sportypicks.com]

If sportsbooks knew "everything" people would never be limited. When they limit sharp players they are basically telling them "we know you can beat us",so yes you can win at sportsbetting but its far from easy.

[beset7]

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If you don't have some kind of inside information, I don't think you can.

You are not going to know more than the people setting the lines.

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Newbie question about this line of thinking: Doesn't the betting public also "set" the lines? They appear to be quite dumb and emotional to me.

The odddsmakers might set a fair line but if the betting public bets heavily one one side and the line changes then there is value bet there, no? Sorry if this is a dumb question.

Also, I know the oddsmakers are sharp but I've found in just the last few weeks of playmoney sports betting that there are definitely value bets, especially when they overrate pitchers. JMO.

[Buck_65]

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Who is that chick? Hotdam, she's fine. [img]/images/graemlins/smirk.gif[/img]

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Lacey Chabert. See Party of Five [img]/images/graemlins/cool.gif[/img]

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FYP

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Aight, never seen it. Fair nuff.

[meHIGHyouLOW]

Huh are you serious?

Even if the bookies would know better then serious sports bettors they wont set the lines that way.

Bookies goal is to make sure money out of every game.

Example: New Your Rangers - Columubus Bluejackets nhl game, bookie thinks puckline odds are 50-50%. But because ppl are going bet NYR much more then CB they have to set little lower odds for nyr.

Sometimes this gets pretty ridicilous when example in pinnacle lines change every 30secs just before the game, coz they are trying to make sure money.

[DougOzzzz]

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Bookies goal is to make sure money out of every game.


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This is not completely true. The bookies actually prefer uneven betting on games if the team that receives most of the betting is most likely to lose the bet.

[WackityWhiz]

I think that if you win at sportsbetting, most people (99% i'd say) are just getting lucky. These guys who set the lines know how to do it and if you beat them, it has to be luck. Sure there my be the 1% out there that can overcome the house edge with the vig over 100,000 bets, but most people cannot. Turning a profit over 1000 bets doesn't mean anything, and that is a lot of games. In the very very very long run, people will lose, it's almost a fact.

I think that is the painful truth IMO