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.

Why bet on sports?

When I am on losing streak this question becomes harder to answer. Just joking somewhat.  

These are four primary reasons I am a sports handicapper:

1. Freedom especially with today’s technology. No boss no employees no huge capital investment.

2. I love watching sports since I was a kid. The pure competition of humans battling and the sense of not knowing the outcome.

3.I have the aptitude for numbers and how to analyze them which comes naturally to me based on my background and education.

My biggest personal challenge What about you?

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.

AVOID these common mistakes

1) Being Under Capitalized. 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. However risking more than 2% of your bankroll on a game will guarantee you will not be around long term.

Sports betting wisdom

Do not be worried about betting against public opinion. Look for over and under reactions to recent games. 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.

MLB 2021 betting items

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.

2021 Important MLB Betting Notes

We are now less than 2 weeks away from the start of the regular season of MLB. YAHOO!

Baseball represents the highest dollar amount EVERY year (exclusive of Covid) of our total dollars bet. There are 2,592 regular season games in a normal year. 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.

Handicapping Tips 2021 March Madness

After missing out on the tournament last year it will be nice to have it back under slightly different than normal conditions.

Obviously filling out a bracket is a different beast than handicapping individual games of the tournament with point spreads. Next week’s grapevine I will help you with your bracket this week we will deal with the spreads.

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Rick Steel's betting tips | Page 3 | Professional Sports Handicapping

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