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Submitted by rsteel on
http://www.therxforum.com/showthread.php?t=1123011
This week I highly encourage you to copy the above link. It will take you to a ted talk video. The video is only 15 minutes long but it is excellent.
The video deals with how successful gamblers evaluate and deal with risk.
Enjoy!
As usual if anyone has any questions do not hesitate to contact.
Submitted by rsteel on
The education of a sports bettor never ends. With the continued advancement of analytics and the ever evolving expanding and sophistication of sports data; it is expand, adapt in order to survive. It is a constant race to stay one step ahead of the markets. It is really no different than any other profession which requires constant educational upgrades due to new technology, changing industry, evolving rules and regulations, competitor strategies etc.
Submitted by rsteel on
With the full menu of sports, we have going now this is a good time to remind you about the danger of overreacting. Do not be a Joe be a Pro.
Bettors remember the most recent games and results and draw conclusions for their next bets based on this information. In the NFL that is 1 lousy game in other sports it is 1 lousy week. DO NOT overreact every team has clunkers or even a series of bad games even the best teams. More times than not you will find value on the team set for a bounce back.
Submitted by rsteel on
I often hear bettors say at around the half way point all the value is gone from the lines. Like most things you “hear” about in the sports betting arena the perception is wrong.
Submitted by rsteel on
This week we will focus on some points relating to NCAAB. Early in the season you want to look for teams that have had low turnover of key personnel. Also look for teams that have participated in a summer tournament like the teams that travel to Canada Australia etc. These teams will be well ahead of the curve in terms of chemistry, experience and having played together. Look for teams that have a strong experienced point guard. This is the equivalent to a quarterback in football.
Submitted by rsteel on
In the era of Covid and load management NBA starting line ups (who is in who is out) for each game becomes that much more important before you place a bet. The long NBA season is filled with injuries and the new craze load management. Keep in mind basketball more than any other sport including football quarterbacks 1 player makes a huge difference. Reason being there are only 5 players on the court at 1 time and key players play usually 80+% of the game.
Submitted by rsteel on
The difference between being highly profitable or losing money in this business is razor thin. In a micro example 11-9 every 20 plays +1.1 units = big money. 10-10 every 20 plays -1.0 units eventually your bankroll grinds to zero. I know the above is a simplistic example but over a large enough sample size that is exactly what happens.
Submitted by rsteel on
Let us take a look at some key areas to in order to effectively handicap. For this grapevine we will focus on the numbers side not the situational side. However, remember the intangibles like travel, injuries, motivation, revenge, look ahead, let downs etc. are all equally as important as the numbers.
I like to focus on offensive defensive FG% and points per possession. This really deals with efficiency. Just looking at points for and against can be misleading. Just because you are putting up many shots and scoring points does not indicate success.
Submitted by rsteel on
The NHL regular season gets underway this week. For those of you that have been following me for a while this Grapevine will act as reminder for those of you new please take note. I am not interested in risking money on a 4 on 4 overtime which is basically shinny or even worse a shootout which is nothing more than a glorified skills competition. Could you imagine an MLB game tied being decided by a home run hitting contest because that is the equivalent? Therefore, if the game is tied after 60 minutes and we are on the money line the bet is a push.
Submitted by rsteel on
People who bet for a living are looking at the prices all day long every day. If you are doing this part time you need to find someone you trust who you can follow 100% of the time; especially if your goal is to generate a full-time income at some point in this business.