Submitted by rsteel on
~Value~Have you ever been tempted to make a major personal purchase knowing you are paying way too much for this item? The same principle holds true for sports investing. If you “like” a particular team but you bet in to a bad line (over-priced) you will NOT profit long term. That is what value handicapping is all about. Betting the right team at the right price. You cannot have one without the other. If you have no edge in a given game then your optimal bet size is ZERO. No edge means no bet. Sports bettors lose money mainly because they bet on games that are properly priced.
When you consistently bet on games where you have edges and you have value and you practice proper money management principles as detailed on my website you will make money in the long term.
If on your own you are not able to overcome the house juice by consistently finding those edges with your own handicapping than you should follow someone you trust that has the knowledge and experience in handicapping that at this stage you do not have. As a side note NEVER NEVER pay for picks you do not want to go down that road.
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