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Submitted by rsteel on
Get comfortable being uncomfortable. One of the hardest aspects of betting sports is dealing with variance. I know most of you have heard this before BUT to emphasize no matter how sharp how good you are at this craft there will inevitably be bad stretches over an extended sample size reminding you to stay humble and adhere to proper money management.
Submitted by rsteel on
New Year this grapevine should act as your new year’s resolution for your sports betting business in order to take it to the next level.
So, you want to be a serious sports bettor well?
It will teach you money management.
It will force you to control your emotions.
Your patience will be tested over and over again.
You will become an expert on probabilities.
Intuitive reading comprehension (reading between the lines) and research skills will be honed.
Submitted by rsteel on
It obviously does not happen often but the calendar year end coincides with week 52 end within a day of our last betting day of 2022. We close off our weeks on Sunday for betting record keeping purposes so Monday January 2 represents day 1 week 1 of our 2023 sports year.
In over 20 years of doing this an average ROI expectancy is 3-5%. Records broken down by sport are updated daily on the website.
Submitted by rsteel on
Every so often I like to revisit the topic of bad beats to refresh your memory and also for you to understand in order to win consistently you have to understand how to lose. I did not say be happy with losing but how to deal with it and move forward so you can profit.
We all get them. They are part of the tax we pay in this business for turning a profit. Let me be clear about this topic. Despite what you may have heard or believe bad beats DO NOT even out. Yes, you will win some games you do not deserve to win however the bad beats will outnumber those so-called lucky wins.
Submitted by rsteel on
Being a full-time sports bettor as long as I have this business has taught me many valuable lessons that I use in life. However, the most important characteristic would have to be PATIENCE. This was my major weakness heading into this business and I either had to adapt implement patience as part of my discipline or fail miserably.
Sports’ betting for a living is often depicted as a roller coaster thrill ride based on big decisions and life changing wins. Nothing could be further from the truth.
Submitted by rsteel on
Over the next 8 weeks the college football bowl games will be played culminating with the playoff format to determine a champion.
Handicapping bowl games is a totally different beast than handicapping games during the regular season.
Look to play ON double digit underdogs in the minor bowl games. If you are a big favorite in a game like this it indicates more was expected from you this season and this bowl game is a disappointment. The larger the underdog in games like this the greater the motivation and reward to actually be playing in a bowl game.
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.