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Tips for Sports Gambling - Making money from betting
There are innumerable so-called gambling experts who will dish out details of their gambling systems to beat the bookie or to make a second income from gambling, but for the cost of course. I'm not going to do that. I'll just give you details about bookmakers, odds and betting for you to make use of (or ignore) according to your own preferences.

It is crucial to remember that the majority of people who gamble will end up losing cash over the course of their time. This is precisely why that there are so many bookmakers that make a lot of money across the globe.

Bookmakers could take big hits sometimes, such as if an unpopular horse takes home the Grand National. However, play free games take their risks and set up markets that have the possibility of a margin, so that they will always make a profit over both the medium and long time. That is, so long as they have the right numbers.

The bookmakers must first establish the probability of an event occurring before they set their odds. In order to do this, they employ various statistical models based on information accumulated over time sometimes decades about the event and the team or competitor in question. However, if sports was completely predictable the sport would quickly lose its appeal, and although the bookies are usually spot on with their assessments of the probabilities of an event, they're sometimes way off the mark simply because a game or competition is not in line with conventional wisdom and statistical likelihood.

There are zoom games to play when the underdog prevails against all odds in any sports. Wimbledon beating the then mighty Liverpool in the FA Cup Final of 1988, for instance or the USA defeating the then powerful USSR in ice hockey at the 1980 Olympics are two instances of where you could have gotten excellent odds against the underdog. You could have walked away with an impressive wedge.

The major bookmakers invest a lot of time and money making sure they have the right odds to take into account the perceived probability of the event, and then they add the small amount to give them the profit margin. So if an event has a probability of, say 1/3 then the odds that represent that probability would be 2/1. That is, it is two-to-one against the event occurring.

However, a bookie who sets these odds could eventually break even (assuming their statistics are accurate). Thus, they'd place the odds at, say, 6/4. So, they've built in the margin that ensures, over time, they will make money from betting on this selection. This is the same idea like a roulette game in a casino.

How do you recognize instances of bookmakers being wrong? It's easier to say than done, but far from impossible.

It is possible to begin by learning how to mathematically model and create an understanding of every factor that affects the result of an event. The problem with this tactic is that no matter how complex the model is, and however comprehensive it may appear, it can never be able to account for the nuances of the variables that affect the individual's mental state. It's not dependent on weather conditions or the time of week, but rather how a golfer hits a five-foot putt to take home a major in St Andrews. The maths can be extremely complicated.

You could also find your niche in the sports you love. Bookmakers tend to focus their attention on the events that make them the most money. This is typically soccer (soccer), American football and horse racing. It will be difficult to beat the bookies if betting on Manchester United v Chelsea matches. It is very unlikely that you'll be able to beat the bookies even if you don't work for either of the clubs, or are engaged or married to one of the managers or players.

However, if you are betting on non-league football or badminton or crown green bowls, it's feasible, through hard work reading lots of stats, and general research it is possible to make a difference over bookies (if they actually offer odds for these things and many do).

And what should you do if you have an the edge in information terms? Follow the value.


Value betting refers to the practice of placing bets that put your money on a wager with odds higher than the likelihood of the event happening. If you look at the probability of a non-league football team (Grimsby Town) winning their next game at 1/3 or 33% and locate a bookmaker offering odds of 3/1 then you could make a value bet. The odds of 3/1 less the margin added by the bookmaker, suggests that the odds are between 1/4 and 25 percent. The bookie, in your opinion now has underestimated the odds of Grimsby and thus you've constructed an 8 percent margin for yourself.

It is possible to lose your bet if Grimsby in the majority of the case, falters their game. If you keep looking for good bets, and then placing your bets on them you will eventually make profits. If you do not, over time, you'll lose. Simple.

So the question is, do you have the energy and desire to invest hours finding and refining your sporting niches and/or finding the best value bets? You are welcome to test it in the event that you're able to are able to answer yes. If the answer is no don't be afraid. At http://www.freebetsfreetips.com/ we give regular free betting tips along with the best odds for various sporting events that will take the hassle out of making your sporting selections and bring you news, match previews and all the best free bet offers to help you get on the best value bets around.

Website: http://www.overstreaminc.com/