Rick Steel's betting tips

The Grapevine will contain my week-to-week sports betting analysis on the sports we handicap and the sports betting industry.

Tips for you sports betting business

* EGO, most successful people have one. Call it competitive edge wanting to be the best you can be, pride etc. Conversely the arrogant loud boastful outright liars they are the ones to avoid in every aspect of life. They know the least and are generally very insecure. I did not invent sports betting. I am not the best most talented in the industry. However over the years I have acquired the characteristics that I harp on in grapevines that allow me to be successful in this business. I adapt I am open to new ideas. I am very confident in my ability to handicap.

Baseball post all-star betting adjustments

In the second half of the mlb season adjustments are always required to finish the season strong. The weather heats up means the ball travels farther scoring goes up. The games become more and more important the pressure increases especially with the added wild card. More teams will remain in the race longer teams and players that are not used to playing important games in September. Look for teams that have the experience dealing with races coming down to the wire as well as managers that have been through the wars.

2019 MLB All-star break

The close of the baseball menu Sunday will bring us to the all-star break. Monday July 8th up to including Wednesday July 10th there will be no games (at least the sports I bet on) no plays. I will be tweeting throughout this period. There is 1 game on Thursday July 11th so we will see but I will update the website and app on that day.

Post bet reviews

Keep accurate records of your bets. Document the logic behind your bets. Reviewing the outcome of your bets after the fact is almost as important as your initial handicapping that led to the bet. However this post game analysis must be performed objectively eliminating the sour grapes about a bad call or a player that let you down etc. etc. Did you win based on solid handicapping? Did the game play out the way you thought it would? Did you win despite yourself or did you incur a bad beat? Be honest with yourself.

PSH you tube channel

If you have not already done so I highly recommend you subscribe to the PSH You Tube channel. To do so simply click on the subscribe button on the home page of my website pshltd.com.

Subscribing to the channel will give you an alert every time I post a new video.

Since I started the channel approximately 1year ago I have been posting videos breaking down games. Feedback has been very positive and people are finding it helpful adding new techniques to their own tool boxes on how to handicap games.

Watch Wait Fire

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.”

How NOT to be the sucker

There is a common saying in poker that goes something like this. You sit down at a table and after a short time period if you cannot identify who the suckers and fish are the players that you will be extracting the money from THAN you maybe the sucker.

Here are the issues to avoid to not being the sucker for sports books:

Facts on Sports Betting

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.

Trust the process

As regular readers of my grapevine have heard before sports handicapping is so much more than number crunching to spit out value. When you analyze the box scores the stats the current form of teams constantly ask yourself:

What is real an emerging pattern that will likely continue? Conversely what is not real and is a pattern that will regress to the mean?

Bettors make the big mistake of believing these patterns will continue because it is the easy lazy way of thinking. Something to grab onto a security blanket too place a bet.