"As long as any adult thinks that he, like the parents and teachers of old, can become introspective, invoking his own youth to understand the youth before him, he is lost."Margaret Mead
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Cricket: Top Ashes Batsman
Cricket: Top Ashes BatsmanMichael Vaughan was the leading runscorer in the last Ashes Series. It marked the high point of his batting career; three centuries in Australia, the number one ranking in the world and victory in his duel with Glenn McGrath. ...
Mental Skills-Adapt and Overcome
We have all heard the phrase “adapt and overcome” but when faced with a situation that challenges us it takes skill, practice, and discipline to implement this strategy. To adapt requires flexibility; to overcome- resolve. These skills are not necessarily ...
Odds & Ends (Jan 11)
Super Bowl XL still is nearly a month away and football fans don't even know who the combatants will be. Nevertheless, the Las Vegas Hilton -- which attempts to be first with the most for bettors throughout the valley -- has posted odds on the NFL's ...
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Many years ago when I started betting on sports, I never imagined that ten years on I would be betting and trading for a living.
So how did it all start? Well, 'for fun' I would think is the most accurate answer! I placed bets for fun on sporting events that I intended watching on TV or attending in person. These bets, along with the small amount of betting research that I did back then, tended to increase my knowledge of the particular sport on which I was betting and certainly made the event more exciting to watch.
Now of course I stake my bets far more heavily, research more thoroughly and trade off positions as necessary. Yet sometimes I do miss those 'carefree' days when I had "twenty bucks on the game". It adds to your day - especially if you win!
So what are two basic things that the sports bettor needs: Firstly he needs a place to bet online. Two sportsbooks that I particularly like, both of which are in world's "top ten" online sports betting and gambling groups, are: - VIP Sports Group and Gameday Sportsbook - Both sportsbooks also offer free comprehensive sports news, stats and matchups data.
Secondly - the sports bettor needs to have a feel for 'value' when betting. If the three rules of purchasing property or real estate are "location, location, location." then the three basic rules of sports betting success are: "value,
value, value."
Think about it - would you go to a store and by a broom for $20.00 when you can buy it for $10.00 at an equally close location?
Or if you were purchasing stocks or shares - would you simply buy the stock, or first consider the stock's price - factoring in price/ratio, moving averages, historical data and economic outlook?
It boils down to - "not paying more for a product than that product is worth."
When I look at a bet - I have a rough idea in my head of what the odds should be. If the price quoted by the sportsbook is sufficiently above that estimation in percentage terms - then I will go ahead and bet on the event.
I will not win every bet, especially on underdog plays - but in the long run I know that if I go with value - then I will come out on top.
The best advice that I can offer to those starting out in sports betting is to "stick with what you know". If you have a team that you follow and already know well - then you are, in a sense, already a "mini expert".
Have fun!
About the Author
The author has been a professional sports bettor and trader for seven years and helps advise a number of sportsbooks:
Gameday Sportsbook
SportingBet
Bet 19
amongst others - all of which are leaders in the sports betting and gambling industry.
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