There are millions of sports gamblers in the world and everybody has their own way of doing things. Apparently, all but a few must do things the wrong way because most say about 98% of all sports bettors end up losing.
For that majority of the sports gamblers out there losing away, it would be helpful if they first understood how the casinos win their money before trying to take it away from the bookies. The successful sports bettor uses the same technique.
The casino knows it is going to win for one reason. It has a built in mathematical advantage that can not be defeated with tricks or cheating. They make money at a predictable rate because the math doesn't lie. They know a small mathematical edge will allow them to make large profits over time, regardless of who wins what.
What does that have to do with sports betting? It might interest you to know that the only game in town that does not provide a set mathematical advantage for the casinos is sports booking. To make up for this lack of control, they charge a vig that amounts to a 2.4% house edge. If you win half your games, you lose.
The lack of real control over the odds is what makes sports betting unique in gambling. You pay what the bookie considers an acceptable edge right up front just to play. That leaves the possibility open to bet only on games where you have a known edge of at least 3%. If every bet you place has at least that edge built into the situation, you can win money from the bookie.
Many people think they need to win far more than they do to make money. A small advantage in the probabilities is all it takes to win consistently and profit from sports betting over time.
For that majority of the sports gamblers out there losing away, it would be helpful if they first understood how the casinos win their money before trying to take it away from the bookies. The successful sports bettor uses the same technique.
The casino knows it is going to win for one reason. It has a built in mathematical advantage that can not be defeated with tricks or cheating. They make money at a predictable rate because the math doesn't lie. They know a small mathematical edge will allow them to make large profits over time, regardless of who wins what.
What does that have to do with sports betting? It might interest you to know that the only game in town that does not provide a set mathematical advantage for the casinos is sports booking. To make up for this lack of control, they charge a vig that amounts to a 2.4% house edge. If you win half your games, you lose.
The lack of real control over the odds is what makes sports betting unique in gambling. You pay what the bookie considers an acceptable edge right up front just to play. That leaves the possibility open to bet only on games where you have a known edge of at least 3%. If every bet you place has at least that edge built into the situation, you can win money from the bookie.
Many people think they need to win far more than they do to make money. A small advantage in the probabilities is all it takes to win consistently and profit from sports betting over time.
