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 sports betting bookies worldwide. Sports betting is estimated to cost nearly 20% of all gambling dollars. Unfortunately, most of that money will go into the bookmakers’ pockets. 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 taking sports betting seriously are making huge profits while sitting back on the couch on Sunday afternoons 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 nationwide. Of course, you must know how to use the data once they have it assembled.

Business Of Betting Sports

We’re not referring here to the hobbyist or recreational player who might spend 5 or 10 dollars on their alma mater or hometown team on a Saturday or Sunday afternoon to have added excitement to watching the game. They are not making sports betting a business, but you have an amateur bettor who takes his sports betting seriously but is 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, has 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. Without knowing, researching, and spending time on handicapping, the hobbyist sports bettor has very little chance of making a profit betting sports over the long run. 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.”

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This is how the books can stay in business. Depending on the type of wager, the book will take 10% of the chance of losing bets. So, to win $100.00 on a game, you must 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 must 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. It’s 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 sports betting advisor, they can enjoy consistent profits from their sports betting. Sports betting advisors, also known as “sports services,” are professional sports handicappers who 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 wagers, as it is illegal for the sports service to recognize them for them.

In essence, sports betting advisors fill the same capacity as stock consultants or brokers. 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 the online 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.

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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.
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