online sports betting blog

When people initially get into betting online, they tend to overlook the big online betting exchanges since they don’t understand how they work or how they could possible function and fund the amount of people using them. The more common answer is usually that they have no idea what a Betting Exchange is

As they are becoming part of ordinary internet life now, more and more people are becoming interested as they are seeing some of the ridiculous claims that people make and prove continuously with regards to Sports Betting.

Betting exchanges aren’t as greedy as betting firms as they only take a small commission of winnings, since exchanges function more like the financial markets. People place money down at the odds they want and someone else will have to match those odds at such a price for the money to go in. Buying and selling is the equivalent to backing and laying on the races and events.

The odds in betting exchanges also are dependent on the money placed by the punters. So when your looking at odds on Betfair, they are not at all related to the bookies odds, or Sports’ book odds. They are usually just influenced by them. They are a numerical conversion of the amount of money put on at that price. So if a market rapidly drops that usually because a ton of money has just been put on at very low odds, it’s not because the racing post says so, or best odds says so, it’s because of the people using it.

Now betting exchanges are expanding, they are trying there best to be accepted in other countries outside the UK and some of Europe. Not to long ago now, a massive case was raised to legalize Betfair in Australia, and now it’s available to the Aussies as well. So I wouldn’t be surprised if it hits the US soon. You will always walk away at the end of the day with a larger profit using an exchange instead of a sports book.

When your researching your Sports Betting picks for the day you will notice all the sports books, and betting exchange websites use “Lines” to separate each of the teams. The NBA betting lines dictate which team is the under dog and which team is the favorite for that particular match.

The two important terms that you need to look out for and understand are the betting line, and the money line. While they mean the same thing, it’s the manner in which they are used. This is where you learn how to make money by properly understanding these terms.

A normal betting line is the current odds or point spread of a particular event. At a glance this will tell you what team is predicted to win, which is all good but you will need to use your own research from there, by looking at the spreads of the team you intend to wager on in previous games, if it’s inconsistent then you should probably avoid it. However if the underdog is showing a consistent rate and a few wins previously this could be a great one to wager on as the profit will be far greater should it win.

The other sports betting line to look out for is the money line, these are the odds created by the weight of money, this is usually again always in favor of the favorite team because more people expect the favorite to win. If a lot of people are wagering the underdog as well, this will unbalance it, and also bring the price down considerably. You should seriously study this against the normal sports betting line that is dictated by the odds. Maybe a lot of people know something you don’t. Again research is crucial.

The money line is a prediction of what you put on, the odds expressed in terms of money. For example, if you put £10 on a team with odds of +5 that will be a £50 profit should the team you predicted win, if it’s -5, it will say what you need to lay to get the same £50 if that’s what you want to win.

NBA and MLB Sports Betting Blog
I’ve been trading a while and looking at and playing round with a lot of different systems, some good, some not so good, if anything, I’ve gained a lot from all of them, especially when it comes to mixing and trying out different things and systems.

Out of all of the systems I’ve tried, and developed, the one that is truly ground breaking and has stood out above the rest in my opinion can be found here on my blog along with a lot of betting information help and advice: NBA and MLB Sports Betting Blog
I think you’ll enjoy this blog and find it very helpful and resourceful, don’t forget to leave a comment!

I had a close friends recently tell me about Sports Betting Formulas, and I was there like, you mean systems right?…he was intent on it being a formula. So I Just left it to him to explain it to me, and in my mind I was like he really means he’s found a betting system.

Then it just dawned on me that quite a few Sports betting systems I have looked at are based on theories, numbers and statistics then put together as a “system” for us. What they have done is bypass all the mathematics involved and made it idiot proof formula for the customers to use. This way the customers happy and the creator of the system is happy because he gets to keep the money he’s made from selling his system. The world is all good.

Since it’s put together as a system for us, the public, all the numbers and equations are hidden behind words and explanations, half time it doesn’t cross our mind that what we are interpreting and apply to our sports bets’ is really a formula when you summarize it. It’s often something like this:

Do this > look for this > do that > if it’s all good = expected result

So however you look at it and think about it, at the end of the day it’s the same thing, just two different ways of interpreting it, two very different ways at that. For the smarter among us- fairplay to you, you will understand the numbers and funky symbols better than the rest of us. But I have to say, thank god for systems.

The beauty with betting exchanges and Sports Books has to be the fact you can place bets in other countries or venues all around the country your in. A lot of people take it for granted now and don’t realize how beneficial it has been to their success.

You can place bets and trade almost all day till the small hours of the next morning if you so desire, on just about every conceivable market. A typical day here in the UK consists of Australian markets in the morning, UK markets in the day, American markets in the evening and right through the night.

This is so great if you do Sports Betting Full-time, because you can essentially drop-in and make money, whenever you feel like it. If you want X amount of money by this time, to go and buy something later in the day, you just drop in the markets, and start placing some bets.

All Events are very close together, about 5-10 minutes apart from each other on average, now in real world terms I’m not exactly going to fly to Australia or all over America to place a bet, that’s just ridiculous. It would involve a days worth of flying, plus fuel cost, hiring car, place to stay etc- you get the idea and if I went to Sports event in the UK, I will only have the chance there and then to try and make some money, and have no possible way of wagering on other events in the UK. Plus a huge amount of what I win the bookie’swill want back as a commision. If I went to a high street bookmakers I may be able to place bets on national events, but again they would want a huge chunk of my winnings. You can’t trade at these places either.

If I have a good system and the knowledge of trading behind me, I would rather sit at home with a nice cup of tea and use a betting exchange or Sportsbook to place bets and make a lot of money that way. I have the events the world over just a click a way at any time of the day. No cost for enter the event, No huge amounts of money needed to win, No bookies and middlemen take a “percentage” of your winnings. Just pure profit and money earned. The betting exchanges and Sportsbooks do take a small amount of the money you make, this is usually about 5%, which turns out to be a few pence.

The most profitable forms of what society classifies as “gambling” really aren’t gambling at all. Professionals do not consider themselves gamblers of their chosen profession, either do sports bettors or poker players. It is an investment.

I am a sports fan and my knowledge helps, but you don’t have to be. I am first and foremost an investor, earning a living from sports betting. In order to turn sports betting from a gamble to an investment the most critical factor is learning how the sports betting industry works.

Facts:

- the best team in sports will usually win

- line makers are very good at setting markets (lines, overs/unders)

If you do your research on the lines set and the results over the last few years you will be astonished at how accurate the forecasts are (trust me I have done it). Now for those new to sports betting you might be discouraged at these facts, however you shouldn’t be as it proves my next fact:

- THE OUTCOME OF SPORTING GAMES ARE NOT RANDOM

This is key to changing your perspective on sports betting. In reality it makes a professional sports bettor no different than your avid investor or stock broker, but rather than analysing corporations to predict performance, they analyse sports teams to predict performance. Now this is where things get really interesting, most people new to sports betting or those with a casual interest believe they are playing against the bookmaker or line maker. This is not true. The line maker’s are not posting a prediction of who will win and by how much when they set their lines. Rather they are trying to anticipate what the general public think in terms of who will win and by how much.

Why?

Well the bookmakers, like the professional gamblers, are in this as a business. They do not gamble either, and as a result generally their goal is not to gamble on the outcome, but split the public’s bets (as close to half on each side as possible). This way they earn profits by the juice they take on each bet. Thus the professional gambler and the bookmakers are pursuing two very different goals. These differences open up a great deal of opportunities for the sports bettor as they are not limited by the public opinion.

In essence an educated sports bettor is actually playing against the casual sports bettors who set the public opinion. Once you realise this, you should consider who you think has the advantage:

- the casual sports bettor or fan who spends a few minutes each day keeping abreast of the sport; OR

- the experienced & expert (full time) sports bettor?

EXACTLY!

How do you become an experienced and expert sports bettor? This is not an easy step, it takes time and effort. Experts have been doing this for a number of years. They have learnt all the strict rules surrounding the sports betting field and innovated their own. They crunch decades of data for the specific sports they focus on and use the results in combination with other strategies to gauge the differences in the public opinion and what will actually happen. They are in effect “grinders”.

But you can do this too, with the Internet the information is more widely accessible than ever before (both information on expert sports betting and actual sport statistics). Alternatively you can pay for these services from others and make your living work free – however touting services are typically a scam so it is important to choose a reputable provider.

It is all out there for you to take advantage of, the only question now is, will you?