Betting on sports is one of the many things in life that’s easy to do but hard to master.
Jun 06, 2014 However, Daly isn’t the only pro athlete to publicly battle with a gambling addiction. Here are seven other famous athletes who have rolled the dice a few too many times. Pete Rose: The only living player ineligible for the Baseball Hall of Fame, Rose was accused of betting 52 Cincinnati Reds game in 1987, where he wagered a minimum of.
- But college sports is the softest target. More games, many under the radar, involving athletes that will be more vulnerable to people offering some easy money. Not even the strongest pay-for-play advocates are proposing paying athletes so much that a criminal organization cannot make throwing a game worth their while.
- But the urge to gamble seems too great to resist. They feel they can't give up on all the time, money and emotion they have put into gambling. They can't accept that they will never win back what they have lost. Some people still believe their system will pay off, their luck will change or they are due to win.
Even the best sports bettors only win less than 60% of the time. So if you want to be a winning sports bettor, or even a break even one, you need to look for any advantage you can find.
One of the best places to start is by eliminating bad habits.
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Any time you can stop doing something that makes it harder to win it’s the same as finding something that helps you win more. So, before you start looking for the next big breakthrough or system, evaluate your weaknesses and try to eliminate them.
Here’s a list of 7 bad sports betting habits to help you get started.
1 – Betting Hunches
Have you ever had a hunch that something was going to happen?
What did you do when you had a hunch and how did it turn out?
Most of us have hunches and have bet on them over the years. But one of the main problems with betting hunches is we tend to remember when they worked out but forget about the ones that didn’t.
Many of us make excuses when hunches don’t work out so we can feel better about losing. Then we quickly forget about the loss and / or chalk it up to bad luck. But we don’t assign any amount of luck when we win.
This may sound harsh, but if you want to stop making costly mistakes you have to be brutally honest when evaluating what you’ve been doing.
The first thing about hunches is they’re the same as throwing darts at the games to make picks. Over time if you pick games based on anything other than analysis and a system or model you’re probably going to win about 50% of the time.
The problem with this is the vig ends up costing you at least 2.5% so winning half the time is still losing.
Work on developing a solid model and system or systems and make betting decisions based on it. Then adjust and improve the system over time. This is the only way to be a long term winner.
Stop betting on hunches to give yourself a chance to do better than winning half the time.
2 – Ignoring Home Field Advantage
Home field advantage is alive and well in almost every popular sport. The simple fact is that the home teams win more than the visiting teams.
You must account for this any time you’re considering making a bet. Of course the sports book includes this when they calculate their lines, but if you don’t track and use this information you’re giving the book and even bigger advantage against you.
Like everything else when you’re evaluating games, some teams do better at home than others, so you need to track each team you might bet on for the entire season.
Once you get a clear picture of how much of an advantage each team has at home you can start looking at the money line bets for value. You’re going to pay a price for picking the home favorite, but sometimes you can still find value.
Even more value can be found at times betting the money line on a home underdog. Because of the extra you win on an underdog you don’t have to win as often as when you bet on the favorites.
3 – Not Shopping For the Best Lines
It used to be when you wanted to make a bet on a sporting event you had limited options. You had to find a local bookie or go to the closest sports book.
Now you can place bets at hundreds of online book makers and many areas have multiple land based options for placing bets as well.
The lines vary from sports book to sports book on many games so if you don’t shop for the bet lines you can cost yourself a great deal of money.
Here’s an example:
Many local sports books inflate the line on the most popular local teams. The local line on a popular NCAA football team may be -8 but if you look at a national or online book maker the line might be – 6 ½.
Any time you break the 3 and 7 point lines it frequently turns a win into a loss or a loss into a win.
So in this example, if you want to bet on the local team the 1 ½ point difference is huge. Over the course of a season the odds are that making this mistake will cost you at least one or two games.
Of course you need to factor in other things like the trustworthiness of the sports book, but plenty of safe opportunities are available if you do the proper research.
4 – Not Shopping For Lower Vig
Most sports books require a bet of 110 to win 100 or something similar. The difference between what you have to risk and what you can win is called the vig. When you win you get back your bet plus the win amount, but when you lose you lose the entire amount.
If you shop around for a lower vig it increases your returns over time.
Download 21 blackjack mp4 sub indo. Many sports books run specials from time to time and some just offer lower vig than others. If you make all of your bets at 105 to win 100 instead of 110 to win 100 you cut your costs in half over the season.
Here’s an example:
If you bet on 10 games and win five of them at 110 to win 100 your total loss for the 10 games is $50.
But if you bet on the same 10 games at 105 to win 100 with the same record your total loss is only $25.
Even if you’re winning it still costs you money.
If you win six out of 10 at 110 to win 100 you win $160.
But if you win six out of 10 at 105 to win 100 you win $180.
Shopping for a lower vig helps you win more or lose less, so you should always see if you can find a lower option.
5 – Betting When You’re Drunk
Sports and drinking seem to go hand in hand. Many people enjoy drinking while watching their favorite teams.
Why Is Gambling A Sin
Of course there’s nothing wrong with this, but when you’re betting on these games you need to make your decisions with a clear mind. Drinking clouds our minds and judgment, so you should always make your bets before you start drinking.
Now you can make bets during the game, so if you want to drink you should avoid doing this.
6 – Betting On Your Favorite Team
Most sports bettors have favorite teams they follow. You’d think this would help us make better betting decisions because we tend to know more about our favorite teams than others.
But the truth is that most of us are rooting for our favorite team and can’t always properly evaluate their true chances to win.
This can be costly because we end up making bets based on a rose colored evaluation instead of proper analysis.
Over time this is a costly mistake. Many bettors avoid placing bets on or against their favorite teams because they realize their record is worse picking these games than others.
At the very least you need to start tracking your results so you can see if it’s profitable to continue betting on your favorite team or teams. The odds are that you need to start looking elsewhere to make bets.
If you’re able to look at your favorite team or teams objectively you can often find value lines and spreads because you might know more about the team than others. You might have a better idea about injuries and when certain players may rest than the sports book or the betting public.
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This information can be quite valuable over the course of a season if you can keep your judgment from being clouded.
7 – Chasing Losses
It’s irritating when we have a losing streak while betting on sports. As the losses start piling up it’s easy to start making larger bets in order to have a chance to win back some of our losses.
But the problem is that each sporting event is a new and unique situation and long losing streaks happen to even the best sports bettors.
When you start chasing losses the chance is always there that you’re going to dig a deeper hole instead of getting a win.
Casino 3d model free download. Even if you’re able to chase a loss and win most of the time eventually you’re going to lose a bet that’s too big to recover from.
The proper way to size your bets is to consider your entire bankroll and how big of an edge you think the game offers. Betting more than a small percentage of your bankroll on any single game is always dangerous.
The most that many professional bettor wagers on any game is 5% of their total bankroll, and 1 to2% is much better.
When even the best sports bettors only win less than 60% of their bets, you have to understand that protecting your bankroll is vitally important. The chance of a string of losses is just too high.
Chasing losses is the same in casino games as in sports betting. Many chasing systems have names, like the Martingale, but all of them eventually fail. Don’t take the chance at losing your bankroll just to chase a loss. Make smart level bets and work on finding a long term winning system.
Conclusion
Why Gambling Is Wrong
If you want to be a winning sports bettor avoid these 7 bad sports betting habits. Once you eliminate them you can concentrate on building a winning model that has a chance to beat the sports books for years to come.