Posted by Jimmy the Beak
Dealing with “tilt” in sports betting
Most people know that there is a “tilt” factor when you play poker. What is tilt all about? Tilting is when a person starts making stupid moves because they are emotional about a situation. They lost a hand and it makes them lost two or three more. Some people can give away their whole stack on the basis of an emotional blowup. So how does one go about avoiding tilt in the sports betting setting? One key is to cut yourself off from making bets after a certain time at night. Some people enter all of their bets for the day and leave it. Read More…
Posted by Jimmy the Beak
What is the right amount to bet in sports betting?
Many people claim to have the right answers on how to structure your bets in order to get the most out of them. Some of these people are right, while others are wrong. So what separates the two sides? It all depends upon how someone calculates his edge. How much you bet on a game depends upon your expected return from that game. Essentially, it is impossible to know how much to bet on each game unless you have good data on how often you should win that game. Read More…
Posted by Jimmy the Beak
How much does math matter in sports betting?
Many people have a question about sports betting and it’s hard to answer. Just how important is math when coming up with your picks. More specifically, people want to know whether it is possible to win in sports betting without a firm understanding of the fundamentals of math. The answer is that math is very important. Can people win in sports betting without understanding how to use statistics? Sure, this can and does happen on occasion. It is better to have that understanding, though, as the people who can get by without it are the exception rather than the rule. Read More…
Posted by Jimmy the Beak
Sports Betting and Being Early
One of the things that you will always want to do as a sports better is get on the ball early. In sports betting, too many people think that they can be successful by just waiting until game time to place their bets. This is a good way to get a bad number and end up on the wrong side of a bunch of games. In sports betting, being early is always the best play if you can do so. This is what studies have shown, as the opening line is far less efficient than the closing one. Read More…
Posted by Jimmy the Beak
The Bo Jackson of Sports Betting
Have you ever been around a friend who believes he is the Bo Jackson of sports betting? This is generally a big problem for most people who bet. They think that they are the Bo Jacksons of the gambling world. If they are good at betting baseball, then they think they can win at the NBA. If they are good at college hoops, then they think that they will win at poker. All too often, this just is not the case. All too often, people are fooling themselves and giving up value by not focusing on their strengths. Read More…
Posted by Jimmy the Beak
Sports betting and scalability
One of the biggest desires for most people who participate in sports betting is to get rich quick. They think that if they are going to accomplish this goal, then they will have to make a big bet or win a big parlay. They think the answer is taking on a ton of risk right up front. This isn’t necessarily true, though. For people who are consistent winners, the answer is taking on less risk. Money can be made in sports betting in a short period fo time, so long as you understand the principles of scalability. Read More…
Posted by Jimmy the Beak
Sports betting in the new age
The game is changing with sports betting as technology has altered the way we do business. This is true both for people who are making the bets and for people who are taking the bets. In sports betting, the books are getting sharper. They now have computers, models, and reams of information with which to work. They have analysts who understand the teams, the matchups, the betting trends, and everything else that’s involved in the process. If you are going to win, then you have to get with the program and use some technology of your own. Read More…
Posted by Jimmy the Beak
Sports betting and the correlation to investing
For some people out there, sports betting is an “investment.” These people are not betting for short-term gain, they are investing in their positions in hopes of winning over the long term. This is an interesting strategy and it is something that all people should look to do. Those people who try to win too much in the early going with their sports betting are destined for failure. The much better strategy is to think of sports betting as a simple means of growing your money. If you can make more in sports betting than in the stock market, wouldn’t that be a good deal for you? Read More…
Posted by Jimmy the Beak
Money management in sports betting
The best bettor in the world will not win at sports betting if he has a poor money management system. This is a truth that you should learn sooner rather than later. The earlier you recognize it, the better off you will be. So what is good money management in sports betting? This depends upon who you are and what your goals are. Some people use sports betting as a short-term thing, so they would be advised, in some cases, to be a bit more aggressive. Others use sports betting as a long-term investment, so they could afford to be a little more patient. Read More…
Posted by Jimmy the Beak
The playoff betting approach
When you do your sports betting, you should know that the playoffs are different than regular season. There are lots of differences and knowing these differences will ultimately lead to more success. One of the primary differences is in how managers and coaches treat the games. They are more likely to pull out all stops. They are more likely to involve themselves more into decisions. Is it possible to take this information and use it to your benefit? It absolutely is, though quantifying the impact is going to be difficult for all sports bettors. Read More…