5 Steps to Be More Successful With Sports Betting

Sports betting shouldn’t be seen as a get-rich-quick scheme. However, with the right strategies and patience, there is the chance to make a decent return on the initial investment. Here are five steps that can help to be more successful with sports betting:

Find value

The ability to be successful with sports betting involves several factors. A major component is the ability to find value in a potential bet. This means searching for the bets with odds that seem too high and capitalizing on those opportunities. Check the bets on every match day and look out for the undervalued teams.

Money management

The ability to manage the bankroll is a major issue for anyone looking to achieve long-term success in this area. A simple strategy to avoid going bankrupt is to limit the maximum stake per bet to 1-2% of the total bankroll. By using this limited stake plan and betting on the value bets, there is the possibility of growing the income for the future.

Have patience

Betting should be seen as another form of investment that is successful over the long-term, and not the short. While the bankroll may seem to be growing slowly initially, this will gradually change when able to comfortably increase the stake for each bet. Betting involves a lot of winning streaks, losing streaks and other swings, so it is important to be consistent with the betting approach and avoid the temptation to stake a large percentage of the bankroll on a single bet in the hope of making it big in a much shorter time-frame.

Use the right sportsbook

Signing up to the best sportsbooks is certain to help become successful. Not all sportsbooks are very accommodating to the more successful players, so it is important to find one that won’t limit or even close the account after a few winning runs. However, there are plenty of good sportsbooks to use and it is simply a case of researching the available options and using those with a solid reputation and offers the type of bets that interest you.

Follow the experts

Many people find it difficult to identify the best or most valuable bets by themselves, and will simply prefer to use the services of one of the many successful tipster services. They can be very useful to compliment the betting action. There are plenty of tipsters offering a wide range of services. It is practical to trial the services for a short period with low stakes to understand the success rate before investing any real money on the tips offered.

Betting on Steamers and Drifters on Betfair Has Nothing to Do With Irons Or Driftwood

Or is it a question of where. This method of betting on horses works by being able to back and lay the same horse. A betting exchange like Betfair is an ideal place to do this. For a horse who’s odds are shortening (steaming) the idea is to back when the odds are wider and lay the odds when they are shorter. The rule of thumb to make money by movement in the odds is to lay short odds and back longer odds. So, if the horse is drifting you lay when the odds are short and back after they lengthen. This is a type of betting arbitrage and locks in a small profit whatever the outcome. The profit is determined by the difference between the odds (back and lay) and the size of the stake.

I know, I know, this all sounds very easy when we are sitting in ivory towers, but what about the real world. There is skill to betting on steamers and drifters, which involves selecting in advance which horses will show these profitable characteristics.

If you are unfamiliar with Betfair it is worth taking sometime to get to know the website.

Here are 3 ways to find steamers and drifters. But first, a tip to aid you in the quest for spotting steamers or drifters. Get comfortable with Betfair and how the odds change before a race starts. Notice which horses have an imbalance of money backing or laying. Significantly more money backing a horse can be an indication that something has happened to improve the horse’s chances. Consequently other Betfair members may offer shorter odds, which can turn the horse into a steamer. The opposite is true for a horse who’s likelihood of winning reduces for some reason.

Ok, now for three tips for finding steamers or drifters.

The weather. If the whether changes un-expectantly or by more than what has been predicted the chance of certain horses performing well or badly can change dramatically. Let’s expand on this. The weather affects the state of the race track, known as ‘the going’. The condition of the track is tested by an official at the race track. They push a stick into the track to see the state of the earth. There are a range of classifications that are used; hard, firm, good to firm, good, good to soft, soft, and heavy. Some horses perform much better on certain surfaces than others. For example, if ‘the going’ is good it suits a horse that has speed. If the ground is less than good (good to soft, soft and heavy) then a horse with stamina will perform better.

If the weather forecast foretells that the going will be good the favourite will be a horse with speed. If you have a more reliable weather forecast or you have information about a change of conditions as they happen you can back or lay the horse before its odds change.

Imagine there is unexpected rain or more than expected. If a horse is favourite because it has speed it’s odds will lengthen significantly (drift), and a horse’s odds who has stamina will shorten (steam). In this example you would lay the favourite to lose at short odds. Then back the horse to when after the odds have drifted. The same works in reverse for the horse with stamina who’s odds will steam. This is just one example of how a change in weather can produce steamer and drifters.

The rider. A change of Jockey can produce a steamer or drifter. If a jockey is injured, then the horse is allocated another jockey. As you might expect an experienced jockey will perform better than a jockey who hasn’t had as many races or good performances. The odds will drift (lengthen) if a jockey is replaced by one with less experience. The odds will steam (shorten) if a less experienced jockey is replaced by one who has had better performances.

The third and final method of finding drifters or steamers is to watch the horse closely before the race. During this time the horse will be warmed up by the trainer. It is possible for the horse to use up too much energy during the warm up. Tell tail signs of a horse that is expending too much energy before ‘the off’ are lots of sweat (actually loads of sweat caused by anxiety), rearing, and kicking the hind legs. You can not use this technique in isolation. A good knowledge of the horse and trainer is important. This makes it easier to spot abnormal behavior shown by the horse before the start.

The Worth and Price of a Sports Betting System

If you have ever had to worry about money, then you know how important it is to your very survival. They say that money cannot buy happiness but it sure can pay the bills and make life easier. Some people just want to gain more money and do so through gambling. If you are not sure about traditional gambling, then sports betting may be what you need. But can a $17.00 ebook, such as the Sports Betting System, really be the answer to your problems?

If you think about it, $17.00 is not much to pay for a sports betting ebook. Most cost several hundred dollars and require a constant membership. The Sports Betting System is really a bargain at such a low price. But you have to question if it is being sold too cheaply? Maybe the information is not as great as the website claims. Or it could be that it is a simple system and the author does not want to charge an arm and a leg.

Betting on sports is tricky at best. The first thing the eBook teaches you is how to place a bet. That bet may be online or with your local bookie. That is step number one. The next tip, or step, is all about teaching you the odds. It does not give you the odds itself because those are variables that change constantly. You have to learn how to gauge the odds yourself. Step three is all about how to avoid losing bets. That is the step you really want to concentrate on because it is the one that will determine whether or not you’ll continue to use the system. If you suffer constant losses, then you are going to demand your money back. So it is important for any teacher, writer or system creator to teach you the difference between winning bets and losing bets.

Once you have the basics down, then you can start looking at the various sports that you can bet on. Yes, you could bet on the local turtle race but that is not what is going to generate cash for you. You need to tackle the big sports, such as major league baseball, professional hockey, professional football and even soccer.

Is the Sports Betting System really worth $17.00 to try it out? You will not be out much money and it may actually work for you. Even if you do not know much about sports gambling or statistics, the book can teach you what you need to know. You may not be an immediate expert but at least you will get your feet wet trying to figure out which teams to bet on. And you may very well win those bets.

Sports Betting Revolution – Unlock the Spread Monopoly and Collusion

What If the betting line or spread was established by four sports advisory companies without collusion or previous knowledge of each others numbers!

Lets face some facts about this number or point spread that usually comes from one Sports Advisory Group. This number is sold or distributed to the sports betting outlets online and the legal Sports Books in Nevada. These outlets put their little tweak on the line by 1/2 point or 1 point or an extra $5 on the money odds. However, everybody will post their number which is the same or within a point of each other. This is the equivalent of price fixing and collusion in any other industry.

How come the Sports Betting Industry has the same price or spread on their betting board? WHY – because nobody wants to rock the boat!

What if this process of establishing a betting line was not a monopoly but was provided by at least four sports consulting groups that were independent of each other. Each group would then post their calculated number for the worldwide sports betting outlets to buy and use for their operation.

This new mode of operation would unlock the monopoly that exists when the line is established. Now what happens? Would some books dare to post numbers that are different from others by 4 or 5 points either way. I doubt it since nobody wants to rock that boat. Is this collusion by the sports books so they can keep their share of the market and not create a price or point spread war.

The process of constructing the point spread number is probably done through a software program with all the statistics and other information to get a base number. Then the actual number is refined to include public perception as to where the public will place their money. It is no secret that Sports Books speculate or predict at what number the public will be evenly divided.

There are a number of times when the line is not even close to the final score. They do come close about 65% of the time. However, when the spread is minus 7 and the favorite wins by 21 points or the underdog wins outright, their number is way off.

If that minus 7 point favorite is listed at minus 11 points at another outlet would there be a Revolution among Sports Book operators. Would this difference of opinion cause a lot of anxiety with casino management. I am sure they would question each others actions after doing the same thing together all these years.

For a true and balanced market to emerge in any industry, there should be some options and competition among the players involved. A Betting Exchange is very close to a more balanced betting market since the competition is against other bettors. The spread is the same but the money odds are much better with more options.

If the Sports Books in Nevada and online books decide to re-arrange their Sports Book operations to include some alternatives to the spread, they will increase their handle and be more competitive. I would install some form of Spread Betting that is big in Europe. Allow more options with alternative lines and charge a little more vigorish. Some online books have alternative run lines on baseball. They post the run line at minus 1.5 runs on the favorite and underdog in the same game.

The Sports Betting outlets need to become more innovative to maintain a market share. We know they probably will not “rock that boat” unless one or more sports betting venues develops a rogue or maverick mentality. This would be a big gamble that could payoff and increase market share. However, it is ironical that sports books do not want to be in the gambling business. They just want to collect their commission and avoid too much risk. They are more concerned about the heavy hitters than the small average recreational bettors who lose more often.

Promoting or seeing changes in any financial markets is similar to getting people to stop smoking or obese people to lose weight. Change is difficult for a lot of people and businesses. As they say “talk is cheap”. However, I feel technology is becoming more prevalent in Sport Betting industry. Hopefully, it will create a more vibrant market with better options and more competition within the sports betting community.