Sports betting tutorial - if you're looking for one of these then you have come to the right place.
There is a lot of bad advice out there so let me show you the right path to take to long term winnings from sports betting, just like the professionals do every day.
Be Responsible For Your Own Education Remember this - you must be responsible for educating yourself.
What I mean by this is to be naturally skeptical of people who give you advice.
The first thing that you should ask yourself is - do they win consistently? Have they just hit a lucky winning streak or do these people sound like they know what they are talking about? With betting, you cannot bet "blind".
You must have a reason for every bet that you make.
You must truly understand the sport that you are betting on.
I suggest that you pick a sport that you already enjoy following and learn even more about it because this is an edge that you can exploit against other punters and the bookies.
Value Betting This is the only way to profit from betting.
In sports betting, a bookie will offer you odds.
But what are odds? Although they can be written in a number of formats, they all represent the same thing - a probability or a percentage chance of something happening.
A profitable bookie will quote you odds on e.
g.
the Lakers to win.
From these odds, you can see the implied probability of this event occurring.
But the bookies will always take their cut.
For example, fractional odds of 1/1 which are the same as decimal odds of 2.
0 or American moneyline odds of -$100 (get a better explanation of these here: Wikipedia - Fixed-odds gambling) give an implied probability of 50%.
The bookie is giving you a 50% bet on the Lakers winning.
To obtain value on this bet, you must ascertain yourself what you think the real chances of the Lakers winning are.
If you think that the Lakers have a 75% chance of winning then you should take the bet and bite off the bookie's hand! On the other hand, if you think that the Lakers have a slim chance of winning, say 25%, then you should ignore the bookie and look for another opportunity to bet at a later time.
No single bet is ever guaranteed - life has it's ups and downs and no one can ever predict a single game with absolute certainty.
But if you look for value in all of your bets then in the long term, you will have an edge over the bookie and be profitable.
Needless to say, but I will say it again - this is the only way to bet and win - all professional gamblers obey this, the most basic of gambling rules.
There is a lot of bad advice out there so let me show you the right path to take to long term winnings from sports betting, just like the professionals do every day.
Be Responsible For Your Own Education Remember this - you must be responsible for educating yourself.
What I mean by this is to be naturally skeptical of people who give you advice.
The first thing that you should ask yourself is - do they win consistently? Have they just hit a lucky winning streak or do these people sound like they know what they are talking about? With betting, you cannot bet "blind".
You must have a reason for every bet that you make.
You must truly understand the sport that you are betting on.
I suggest that you pick a sport that you already enjoy following and learn even more about it because this is an edge that you can exploit against other punters and the bookies.
Value Betting This is the only way to profit from betting.
In sports betting, a bookie will offer you odds.
But what are odds? Although they can be written in a number of formats, they all represent the same thing - a probability or a percentage chance of something happening.
A profitable bookie will quote you odds on e.
g.
the Lakers to win.
From these odds, you can see the implied probability of this event occurring.
But the bookies will always take their cut.
For example, fractional odds of 1/1 which are the same as decimal odds of 2.
0 or American moneyline odds of -$100 (get a better explanation of these here: Wikipedia - Fixed-odds gambling) give an implied probability of 50%.
The bookie is giving you a 50% bet on the Lakers winning.
To obtain value on this bet, you must ascertain yourself what you think the real chances of the Lakers winning are.
If you think that the Lakers have a 75% chance of winning then you should take the bet and bite off the bookie's hand! On the other hand, if you think that the Lakers have a slim chance of winning, say 25%, then you should ignore the bookie and look for another opportunity to bet at a later time.
No single bet is ever guaranteed - life has it's ups and downs and no one can ever predict a single game with absolute certainty.
But if you look for value in all of your bets then in the long term, you will have an edge over the bookie and be profitable.
Needless to say, but I will say it again - this is the only way to bet and win - all professional gamblers obey this, the most basic of gambling rules.
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