What You Need To Understand To Learn Sports Betting

Many view betting on sports as a form of get-rich-quick schemes, but if you want to do it right, you must understand that it involves a lot of hard work, good preparation, and extensive knowledge of the sport that you will place your bets upon. Strong money management, patience, and disciplinary skills are needed for consistent wins. Additionally, you must have the ability to know when to only place your bets when the odds are most in your favour.

Learn Sports Betting 101

All forms of gambling are games of chance. You are generally trying to predict the results of sports of most interest by placing your wager on the sport’s outcome. There is usually always a “favorite” and an “undedog” in each and every game.

The Role Of The Bookmaker

To learn sports betting, you must understand the role of the bookmaker, who practices the determination in advance the odds of both teams chance of winning or losing the game. The purpose of this gives you a chance for betting on the statistical probability of a team’s chance of winning that specific game or event. Keep in mind that the bookmaker always posts odds so it becomes favorable to place a bet on either team. Moreover, these odds are determined to encourage betting on both teams.

Legal Considerations As You Learn Sports Betting

Before you jump into learning the ropes of betting on sports, it would be wise to check in with your local legal limitations in terms of sports betting, as they can vary from country to country. Some countries deem sports gambling as strictly forbidden, whereas others see it as a hobby for sports fans and use it to increase enthusiasm and eagerness for certain sporting events.

Horse racing along with what is known as buggy racing is still considered tops in many circles of the American sports betting world. The annual highlight of horse racing takes place every year during the months of May and June with what is known as the Triple Crown races which are held at three different race tracks.

The Kentucky Derby takes place in Louisville during the first Saturday in May. Two weeks later the Preakness takes place in Bethesda, and after a three week layoff the Triple Crown season concludes with the Belmont Stakes which is held in Elmont. These races are only for three year old horses, following is a list of the different types of bets one can place at a horse racing track:

Win

The horse must finish in first place.

Place

The horse must finish first or second.

Show

The horse must finish first, second or third.

Exacta

A wager picking the two finishers in a race in that exact order.

Exacta Box

A wager in which all posible combinations using a given number of horses are covered.

Trifecta

A wager picking the first three finishers in exact order. Called also “Triple” or “Triactor”.

Superfecta

A wager that picks the first four finishers in a race in that exact order.

Quinella

A wager in wich two horses must finish first and second in either order.

Daily Double

Type of wager calling for the selection of winners of two consecutive races.

Pick 3

Type of wager calling for the selection of winners of three consecutive races.

Pick 4

Type of wager calling for the selection of winners of four consecutive races.

Pick 6

Type of wager calling for the selection of winners of six consecutive races.

Parlays

Two horses from different races combined to win.

Over the past 35 yrs plus, Jim Campbell has been on both sides of the Sports Investment Business, as a entrepreneur that ran his own business, to building and maintaining a private clientele base that greatly benefits from his superior handicapping expertise in the sporting arena.

The NFL has long since supplanted baseball as “America’s sport” and for good reason when considering NFL and College football teams play once weekly which in the end lends credence to the saying of “absence makes the heart grow fonder”, however, in the big picture one of the predominate reasons for the popularity of football centers around how easy it is to understand the mechanics of wagering on football.

Following are three considerations to ponder when wagering on the NFL that can help you consistently beat the books:

1) Do not over analyze last week’s performance in terms of a good outing or a bad outing by any individual team, instead look at how that team has performed over the previous four or five weeks. Keep in mind that college football differs from professional football in the maturity level of the players involved, meaning that much more value must be assigned to the home team in a college football game than to a professional team playing at home.

2) Shop around for the best betting line available to you, this is especially important in games in which “key numbers” come into play. Key numbers are called as such because the final margin of victory often lands on these numbers, for example 3, 7, 10, 13, and 14 are the most common margin of victory numbers in both college and professional football. The reason why has to do with the way a team scores, 3 is a field goal, 7 is a touchdown with a kicked point after and so forth. Keep in mind that there is big difference in betting on or against a team taking or laying 2 ½ points versus taking or laying 3 or 3 ½ points and so on.

3) Injuries are one of the most over-rated statistics in both the NFL and college football game, the exception to this is if the injury is to the starting quarterback or if the current injury is part of a “cluster injury”, a cluster injury means that a team is now short two or more starting offensive or defensive linemen or is now short two or more offensive or defensive backs. Generally speaking, the betting public over reacts to news of an injury and quite often this over reaction causes a line move that is totally unjustified in terms of the importance of the injury versus the adjustment to the posted point spread, this creates at times a lot of “value”, look to exploit the line by taking the side with the injury.

One of the nations most prolific handicappers is Jim Campbell who can be found at http://www.footballforecastor.com, he once again showed his expertise by finishing the 2005-2006 college football season with an overall amazing and eye opening mark of 49-32-1 ATS for a winning rate of 60.49% which includes a record of 9-4 ATS with his College Bowl selections and also includes his winning selection of Texas over USC in the BCS National Championship Game, that winning result on Texas means that Jim Campbell has now correctly picked the point spread winner in the past EIGHT straight College National Championship games.

Over the past 35 yrs plus, Jim Campbell has been on both sides of the Sports Investment Business, as a entrepreneur that ran his own business, to building and maintaining a private clientele base that greatly benefits from his superior handicapping expertise in the sporting arena.

Loose Lines

Some sports books can be classified as loose lines because the odds and returns they offer to betters are usually biased away from what is known as “real lines”. This type of sport book can offer you a better points spread for some teams especially if they have already taken a number of bets that favor one particular outcome, and you want to bet on the underdog. By giving you better odds on a less favored outcome the sports book is spreading his action across a wider spread, which helps the book stay more profitable in the long run.

Reduced Juice

Some sports books offer the sports better the chance to play 105 or 107 Juice as opposed to the traditional 110 juice. In the 110 juice you would bet $110 to win $100, whereas with the 105 or 107 juice you only pay $105 or $107 for the same return. If you like to place more than one bet on any given day this saving can be very worthwhile and these savings apply whether you are a conservative or more adventurous punter.

Depositing Bonuses

A sports book that offers depositing bonuses are generally better suited to the type of gambler who plays with a lot of money at one time. This type of sports book offers bonuses for sign-ups and loyalty programs for volume betters. Although this type of book is not generally suited to new punters, once you know what you are doing and are confident in placing larger bets for higher returns the bonuses and loyalty programs can be useful in increasing your profitability.

Share Lines

This is another type of sports book that can offer the adventurous punter the opportunity to win good returns, although generally there is a higher risk involved. This type of book will often provide good odds for underdog teams.

Other rules

Another general sports betting rule you should know is that for example as a rule you have to have sufficient money in your sports betting account to cover the amount of your bets. IRS regulations means that you do need to provide genuine contact information (such as name, address and phone details) when setting up your account with any sports books.

When you are signing up for an online sports book a lot of the rules it operates under will be included in the terms and conditions you generally have to accept before being allowed to complete your account. It is vitally important that you take the time to read through all of these terms and conditions as they are likely to contain information about when they might be allowed to freeze your account (and the money in it) and when you are allowed to draw down the money you have won for previous bets.

Like any other form of entertainment you like to know you are working with an ethical and well-run organization. While it might be easy to think with online gambling it is okay to cut corners on your research on which sports book to invest your money in, adhering to the same principles and rules you would apply to any offline venture is the most secure and safe way to approach sports betting rules.

You may have been tricked, lied to and scammed from all of these over hyped sports picking services out there on the internet these days. Well if that sounds like you, then you are not alone. I have been duped many a time from these so called “Can’t Lose Games” until I finally figured it out.

There Is No Such Thing as Lock Games and Guaranteed Winners.

This is the reason why 98% of the betting public is wrong and that they end up losing most of the time. They get suckered into these calls from wise guys claiming the games can’t lose and when they do they are nowhere to be found. Sound familiar?

So is it Possible to Make Money From Sports Betting?

The answer is Yes and I’m here today to share some tips with you that could help you join the elite 2% of successful sports bettors.

Tip#1: Find A profitable Sports Betting System - As trivial as this sounds this is probably the most important one of all. Let’s face it, if you don’t have a proven winning plan and strategy to follow then how you can expect to be successful? Some criteria to consider would be long term success, easy to use and is based off of historical trends and sound mathematical principles.

Tip#2: Reliable and Honest Sports Book – It’s tough enough to win with sports betting, but imagine when you do and you can’t get your money back from the online sports book. How bad would you feel? When picking a sports book make sure you go with a top rated one that has been around for some time and has a proven track record.

Tip#3: Managing Your Bankroll – This could have very well been tip #1. The reason why I see so many sports bettors fail is because they don’t use their money correctly. They bet way too much per game and when they lose it wipes them out. Remember if you don’t have any money left then you can’t wager.

Tip#4: Stay Focused – Another reason why so many sports gamblers fail is that they don’t stick with the program. They start betting on their own picks and gut feelings which leads to disaster. What’s the point of having a winning system if you aren’t going to stick to it? No program wins every day, so it crucial that you have the discipline to ride out the losing wave when they occur.

If you follow this advice you will already be miles ahead of the losing sports gamblers out there. Just implement some of these strategies and come join the elite 2% of successful sports bettors. Best of Luck!