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Submitted by rsteel on
What do you believe is your biggest personal challenge to success in sports betting? Let me know if I can help you overcome this obstacle.
Regardless if you participate in this business full or part time, regardless if you want to make serious money a secondary income or treat it as entertainment (no one likes to lose money) a big dose of PATIENCE must be included.
Submitted by rsteel on
1) Being Under Capitalized. Do not be disillusioned to think you can make a full time living on a minimal bankroll. The bankroll for sports betting is the money you have available for your business not money for family living expenses. There is nothing wrong regardless of your bankroll of setting reasonable goals and setting out to methodically build that bankroll similar to reinvesting into your business.
Submitted by rsteel on
With the MLB season 4 days away, we will continue our discussion on how to have a profitable season.
There is a sweet spot in MLB lines from -1.40-1.80 where the public is hesitant to lay the juice. Making picks in this range where appropriate is a common place to find value. In this area you find undervalued favorites which sometimes should be priced -2.00-2.50.
A pitcher who does not get strikeouts and/or ground balls is subject to big innings.
Submitted by rsteel on
We are now less than 2 weeks away from the start of the regular season of MLB. YES!
Baseball represents the highest dollar amount EVERY year (exclusive of Covid) of our total dollars bet. There are 2,592 regular season games. This volume far exceeds any other sport providing us with the most betting opportunities.
Baseball also has a tendency to be streakier than any other sport we bet. It is a long long season a marathon not a sprint. There will be extended winning and losing streaks. Stay on an even keel buckle up the ride will be well worth it.
Submitted by rsteel on
Well despite themselves we will have a 162-game season Yes!
It baffles me when ignorant individuals comment about being degenerate betting such events as pre-season NFL or MLB spring training. It is a true indication they have no concept of sports betting. Value is value regardless if there is weakness in a line for the Super Bowl or Detroit vs. Kansas City in a March baseball game. The money is the same.
Submitted by rsteel on
Obviously filling out a bracket is a different beast than handicapping individual games of the tournament with point spreads.
Remember it is Ok to pass on games regardless how exciting the March madness games are. Remain vigilant in ONLY betting value. If you want action on a game for entertainment purposes, put some pizza money on it for fun that is OK if you must personally, I do not even do that. I will watch to scout the game as I do in all sports for future betting opportunities.
Submitted by rsteel on
Do not be worried about betting against public opinion. Look for over and under reactions to recent games. The official term is recency bias. Be a contrarian in this business that is where you find the value and the money.
Do not play catch up “chasing” by increasing your wagers when losing.
What you save is what you earn. Shop! Shop! Shop! Have a minimum of 3 sports book accounts to ensure you get the best lines possible regardless of the size of your bets. Everything is relative.
Submitted by rsteel on
Short to the point this week. Sports betting as a business is a vehicle an investment tool to leverage your money by churning bankroll over and over again; if you use proper money management strategies.
People get involved in sports betting for many different reasons. Here is mine.
The ability to do what you want, when you want, with who you want, for as long as you want to from wherever you want. This is the highest R.O.I that exists that I am aware of.
Submitted by rsteel on
You are never as hot as you think you are. Your luck is never as bad as you think it is. You are never due to win. Now that we have this out of the way we can get to the crux of the issue. Gamblers think when they get hot they are invulnerable. They think the laws of probability do not apply to them.
Submitted by rsteel on
I am not trying to put a damper on your enthusiasm however the Super Bowl is 1 game the last game of this football year. However regardless of the fact, even if I do bet this game I still just risk 1 unit.
I draw the comparison to New Year’s Eve where everyone comes out to party. Everyone has an opinion on the game and the wild props that are available to bet. For me it is just 1 bet over the course of 100’s that I make through the year. It is no different than a Wednesday night MLB bet I would make in July. The money is exactly the same.