Betting on Sports

I am here to tell you that betting on sports is a bad idea. Betting on sports is akin to being told to sit in front of your television set for three hours under the premise that at the end of that time someone will give you fifty dollars. Except that when you are betting on sports, at the end of the three hours, more often than not, you fork over sixty dollars to that somebody.In between marriages in the early Nineties, I was betting on sports. I always thought that it would be an easy way to pick up some extra cash, so I picked up the phone night after night and betting on sports became a way of life for me for about one year. Looking back now, I can honestly tell you that although I did win sometimes while betting on sports, I do not remember a single one of those occasions. But I can recite chapter and verse the losses I incurred while betting on sports, so fresh in my mind they remain.

The only betting on sports terminology I am going to introduce you to are the words used to describe a horribly gut wrenching loss. This term is “bad beat”, and if I am not the poster child for this phrase, then God help the fellow who is. I took some of the baddest beats you could possibly imagine while betting on sports, so many in such bizarre fashion that it completely broke me …


Sportsbetting Tips for Winners

Having made a living betting on sports (mostly NFL football) for over a decade, as well as having been connected with the sportsbetting industry for a time in other capacities, it troubles me to see people make the same mistakes again and again, and throw away money unnecessarily.There are several things I would recommend to a beginning sportsbettor:

  1. Understand that a recreational gambler is a losing gambler.

The approach you'll need to take to turn yourself into an advantage sportsbettor who can consistently make money at this is different from-and in some ways incompatible with-treating sportsbetting as something to do "for fun."

There are many things casual gamblers do based on making the activity more fun as a hobby-betting on their favorite teams, betting on televised games, etc.-that are not justified from a bottom line standpoint. Now, that's not to say such things are "wrong." You might decide you'd rather lose long term and have fun (not every hobby has to be a way to make a profit after all), than work hard and be disciplined and always make the mathematically justified decision regardless of your emotional preferences. But if so, at least make that decision with eyes open. Understand that being "recreational" about this activity costs you money.

But to do this right means a lot of hours, a lot of research, a lot of number crunching. Never look at this as "easy money." It's a job, not an alternative to a job.

  1. Ignore the vast majority of advice