Sports

The Business Of Betting Sports

Sports Betting Can Be Very Profitable

Despite the Federal Government’s efforts to curtail or eliminate sports betting and gambling on the Internet, Billions of dollars are being wagered each year through the internet and legal land-based casinos, sportsbooks, and illegal sport betting bookies throughout the world. Sports betting is estimated to make up to nearly 20% of all gambling dollars spent. Unfortunately, most of that money will go into the pockets of the bookmakers. Winning in the business of betting sports is more of a skill than a game of luck, such as spinning the wheel on a roulette table or pulling the handle on a slot machine. Sports betting is an art and science. Many sports enthusiasts who take their sports betting seriously are making huge profits while sitting back on the couch on Sunday afternoon enjoying their favorite pastime. Handicapping a full schedule of weekend football games can take the serious handicapper upwards of 50 hours of research each week. Statistical number crunching, studying game situations, injuries, weather conditions, watching line movements, and gathering information from newspapers from around the country. Of course, you must know how to use the information once they have it assembled.

Business Of Betting Sports

We’re not referring here to the hobbyist player or recreational player who might lay down 5 or 10 dollars on their alma mater or hometown team on a Saturday or Sunday afternoon to have an added excitement to watching the game. They are not making sport betting a business, but you have an amateur bettor who takes his sports betting seriously but not in the same category as the professional. This is the group that gets into the most trouble. This is the group that, in most cases, have a degree of addictiveness in sports betting. These are the ones who will find any reason they can muster up to place a wager, especially if it’s a TV game. Why do you think the sportsbooks in the Las Vegas Casino’s put a big “TV” next to the board’s lines? Because they know they will get more action on those games, and they also know the money isn’t always coming from the pro, who may have an inside track on the game. Without knowing, doing the research, and spending the time on handicapping, the hobbyist sports bettor has very little chance over the long run of making a profit betting sports. Even taking the 50/50 way out and flipping a coin won’t get you profit. The bookmakers have a built-in commission, also known as the “Vig” (the vigorish) or the “Juice.”

READ MORE :

This is how the books can stay in business. Depending on the type of wager, the book will take 10% of the wager on losing bets. So if you want to win $100.00 on a game, you have to lay or give the book $110.00. If you win, no problem. You get your $110.00 back plus the $100.00 you won. However, the losers will lose their $110.00, which means they now have to win their next two bets to profit. The actual figure for making a profit over the commission is approximately 53%, or you must win 53 of every 100 bets you place. Not as easy as it may sound. The professional sport is usually delighted with a 60% win record at the end of the season, only 7 points over the break-even but will show a substantial profit. More and more people today are starting to make sporting betting their home business. With the assistance of a sport-betting advisor, they can enjoy consistent profits from their sports betting. Sports betting advisors, also known as “sports services,” are professional sports handicappers that do all the research and analysis and provide the client with a recommended play or plays from the current day’s sports schedules. However, it is the client’s responsibility to place their own wagers, as it is illegal for the sports service to place the wager for them.

In essence, sport betting advisors are filling the same type of capacity as a stock consultant or broker. Many people, who are into playing the stock market, find themselves in the same situation as the sports bettor. Not having the time or the knowledge to do the necessary work to make an intelligent decision. Like the stock consultant, the sports betting advisor charges weekly, monthly, or annual fees for their professional experience. Those interested in getting the edge in the upcoming weekend games can join in the on-line version of the “Las Vegas Sports Handicappers Workshop.” Live participation in the conference chat room, as well as attendee participation by telephone, is available. To listen or join in, go to my website for registration details. Choosing a reputable sports betting advisor is the key to making a profit from betting sports; the same process should be used as if you were putting yourself in the hands of a professional stockbroker.

About author

I work for WideInfo and I love writing on my blog every day with huge new information to help my readers. Fashion is my hobby and eating food is my life. Social Media is my blood to connect my family and friends.
    Related posts
    Sports

    Week 13 NFL: Odds Worth a Second Glance

    Sports

    3 Essentials To Look for in a Golf Resort

    Sports

    4 Bold Predictions About the 2019-20 NFL Season

    Sports

    5 Great Reasons to Enrol Your Kid in a Basketball Camp

    Sign up for our newsletter and stay informed !