Betting Tips

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2020 MLB Better late than never

Is it disgusting how we got here YES! Is MLB a hot mess YES! Are the rule changes in my opinion bad for the game YES! Regardless on July 23rd we will be playing ball for real and we will be able to handicap and bet. Is this cause for celebration? YES! YES! YES! 

Buy low sell high Simple right?

Another phrase for the above is called the contrarian approach.

We all know the key to successful handicapping is to find value. In a macro simplistic rule of thumb what you want to do; when everyone is jumping on a team you want to get off. When everyone is jumping off a team they are down on for a recent performance you want to jump on them whenever possible. This is what investing is all about. Buy low sell high I am sure you have all heard that before.

 Look for teams that are winning but when you search under the hood you find misleading results. For example:

Work to Live NOT live to work

Work does not have to be a 4 letter word when you really enjoy what you do for a living. Nothing is perfect everything has its’ pluses and minuses. However whatever you do have passion energy pride enthusiasm in your efforts. You cannot always control the outcomes but you can always control your effort. Enjoy the process as much as possible to avoid burnout.

Sports betting is an intellectual pursuit. It is staying one step ahead of the markets it is constantly challenging forcing you to adjust and adapt.

Value Price is everything

A common myth in handicapping is you should only play dogs and somehow if you bet a favorite you are a square. People value is value. If you are handicapping a game and your line is -2.50 or -9.5 points and the lines at the book are -1.95 or -8.0 respectively guess what you have excellent value play them BOTH. Sometimes the obvious play is the best play. Take the money and move on.

Manage your expectations

Shocking news most casual bettors do not make a profit from sports betting. This is not a terrible thing. If every bettor won there would be no sports books left they would be out of business. However as we know the sports book just acts as a broker. The good news and why sports betting is so advantageous you are not competing against the sports books  you are competing against other sports bettors. The sports book simply takes the money from the losing bettors passes it on to the winning bettors and keeps their cut.

Just the facts

This is not meant to be a comprehensive list. Some are obvious some not so much.

• There is no such thing as a sure thing for any one particular sporting event. You may have many many compelling reasons to bet a particular side but do not allow that to force you away from proper money management principles.

Define Insanity

I am sure most of you have heard the phrase the definition of insanity is doing the same things over and over again and expecting different results.

 So how does this relate to sports betting? Well as I have mentioned often it is very important to evaluate as objectively as possible your bets after the fact.