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Submitted by rsteel on
If you do your own handicapping please make sure you do not rely on your friends, peers, talking heads on TV, or anyone else for that matter to help you make your betting selections. Consensus decision making does not work in conventional business and it especially does not work in this business.
Submitted by rsteel on
I am sure most of you have heard the phrase “trust your instincts”. This is awful advice for the sports bettor especially a beginner. A newcomer either has no instincts or cannot depend on the few instincts they do have. The instincts are usually based from a perspective of a sports fan however that does not translate effectively to a successful handicapper.
Submitted by rsteel on
Value in sports betting is the equivalent to location in business. Both are essential to profit long term.
If you “like” a particular side but you bet into a bad line (overpriced) you will NOT make money over the long haul. Value betting/handicapping is betting the right team at the right price. You cannot have one without the other. If you have no edge in other words weakness in the line for a given game than your optimal bet size is ZERO.
Submitted by rsteel on
Follow me @ricksteel99
Anytime the site is updated with a new pick(s) you will be notified via Twitter and Instagram at the same time. This will get you to the front of the train and help ensure you get the best line possible.
Submitted by rsteel on
We often draw comparisons to the similarities between the stock market and sports betting. There are many reasons in my opinion why sports betting is far superior to the stock market as an investment vehicle. The biggest reason it is an even playing field for everyone.
Absorb the following quote from a successful Wall Street investor. “ After making and losing millions of dollars I want to tell you it was never my THINKING that made the big money for me. It always was my SITTING.”
Submitted by rsteel on
The difference between being highly profitable or going bankrupt 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
1)Being undercapitalized. Do not be disillusioned to think you can make a full time living on a minimal bankroll.
2)Not having enough sports book accounts funded whereby you are not getting the best number available. Betting -1.20 when -1.14 is available is just burning money.
3)Not following proper money management procedures. There is no such thing as a lock in this business. Anything can and will happen on any given game or day. RISKING more than 2% of your bankroll on a game will guarantee you will not be around long term.
Submitted by rsteel on
The recreational bettor although much more astute than 10-15 years ago still falls victim to a common mistake. Over betting highly publicized games like the Super Bowl, March Madness, NCAAF bowl games etc. etc. If you are in this purely for entertainment that is one thing if you are in it to make money those games rarely will produce value.
Submitted by rsteel on
It is easy to draw conclusions off of small sample sizes. Be aware this leads to BIG mistakes. How many times have you asked yourself how can a team look so good one night and then so bad the very next night against a lesser opponent ?
The answer is easier than you think. We are evaluating sporting events played by humans. Humans by nature are unpredictable especially in the short term. The shorter the time spans the more volatile the results will be. Everyone has off nights.
Submitted by rsteel on
With the playoffs upcoming you need to pay extra attention to the game analysis which you should be doing on a daily basis anyway.
Unlike the NHL regular season all money line bets on individual games during the playoffs INCLUDE overtime unless specified otherwise in the game analysis.