Sports betting: reality versus expectations

Despite the US government’s efforts to reduce Internet gambling, millions of dollars are still wagered every day on sporting events, poker, and online casinos. Estimates of the amount of money that is wagered annually on sporting events vary widely, but it is a common acceptance by all estimators that it is in the billions of dollars. Obviously, the Internet makes up a large part of its attraction and availability around the world, but there are also legal sportsbooks in states like Nevada and some foreign countries that have legalized betting on sports events. What makes it difficult to get an accurate estimate is the number of “hair salon bookies” in the US and around the world. Illegal bookmakers are estimated to account for nearly 50% of all sports betting action per year.

What draws the public to the “windows” to bet on sporting events …? Of course, many are drawn to the thrill of having a “stake” in a game and can almost always see the outcome on a television broadcast. Why does the Vegas Sports Books place a television next to a game on their board? Because they know there will be more action in a game that is televised than in those that are not. This alone can answer the question of how many sports bettors actually finish the season or year with a profit. Playing games just because they are on television will certainly not bring profit for a sports bettor.

The general opinion of bookmakers estimates that less than 10% of all consistent sports bettors will end up making a profit at the end of the year. Most sports bettors don’t have the experience, resources, and time to intelligently analyze a sporting event that will give them an advantage against the bookmaker. Professional handicappers will spend many hours each day analyzing statistics, reading press releases, studying injury reports, viewing weather forecasts, tracking line movements, analyzing trends and comparing team and player matchups.

In addition to the thrill of having something at a sporting event, it is the appeal of those who prey on the greedy. Many sports services (resellers) advertise profit rates that are nothing more than marketing tactics to attract the sports bettor in search of that “big hit.” The reality is that anyone who is able to consistently predict the outcome of a game (against the spread) more than 60% of the time is in the top 10% to 15% of all handicappers. We’re not talking about the amateur handicapper here, the one who makes an occasional bet on his Alma mater or a bet once a year on the Super Bowl. We are talking about those who place 200 or 300 bets per year. The serious sports bettor looking to make a living or at least make a decent profit from his efforts will bet on at least 5-10 games each week and more when soccer season overlaps basketball season. So how much can a serious sport win in sports betting all year round? Answer: How big is your available bankroll to start with?

The expectation of the novice or unsuspecting sports bettor is invariably well above the realm of reality. This is partly due, as mentioned above, to the outlandish advertising claims of some sports betting advisors and services. He claims that he wins 70% or 80% of all his games, or that he can make 100 times his starting budget in one season … etc. Our example of a really good handicapper who can win 60% of his bets is very accurate, you can trust me on that … To prove this point, why is it that the biggest soccer handicap contest in the world (The Super Contest), which is at the Las Vegas Hilton, and attracts some of the best handicappers from around the world, offers a $ 10,000.00 bonus to anyone who correctly chooses 63% or 66% (excuse me, but the exact number is escapes in the moment) during the contest. The contest requires each participant to choose 5 NFL games per week for 17 weeks. That’s a total of 85 games, which means that if someone could correctly pick 56 winners out of those 85 games, they would receive the 10K bonus. So you can see that Joe’s average reaching 60% is quite an extraordinary feat.

Now, here is the reality of making money betting sports … Suppose you have a starting bankroll of say $ 1000.00 and you are going to bet an average of 5 games per week. If you placed a $ 100.00 bet on each of your 5 games and made a total of, say, 200 bets during the year, you would have a total payout of $ 22,000.00. This includes the 10% commission that the books add to the bet. So if you make a bet of $ 100.00, you must contribute $ 110.00 to win $ 100.00. This is sometimes called “juice” or “vig.” This is how sportsbooks stay in business. They get 10% off all the losers’ bet, which is one of the reasons it’s hard to beat the books. They adjust the betting lines to keep the action in a game as close to 50-50 as possible … They keep the $ 10.00 of the losing bets while the winner gets their initial bet of $ 110.00 plus the profit of $ 100.00. So if a book said 100 bets at 100 each, that would be 10,000 wagered on a game and 50 of the bettors had side A and the other side B, this is the perfect setting for the book, because they benefit no matter who win the game.

Let’s use our example of your $ 100.00 bet on 200 games over the course of a season, and let’s say you are a good handicapper and can win 60% of those games … I should point out here, you need to win at least 53 % of those games to break even, just for the Vig as mentioned above. Ok, you bet a total of $ 22,000.00 during the season, at 60% you won 120 of those 200 games. You will get $ 210.00 for each of the games you won (the $ 110.00 you put in plus the $ 100.00 you won), giving you a total return of $ 25,200.00, or a profit of $ 3,200.00 for the year … Thats the reality. Consider someone who is betting only $ 10.00 or $ 20.00 per game and expects to make a big profit and you see the reality is that you need a large starting budget to make a living on sports betting. Even with the $ 3,200.00 win, you certainly can’t think of that as making a living … And again we assume that you are a “good” handicapper picking winners at 60%.

Fortunately, most sports bettors are recreational players or amateurs and are not looking to make a living. Just seeing a small win at the end of the year can be very rewarding for them and fulfill their desire to increase the excitement of the game. For the past 16 years providing sports betting advice to my clients, it is gratifying for me when even a small player is making even a small profit from my service … I have never stopped making profit for my clients in all 16 years. I’ve been in business for years … However, the reality is that you may not get rich.

ADHD: Innovative communication skills that will improve you by 90% and build confidence

Focus will improve when you communicate with others and listen to them using a special communication tip. It really works for me.

Communication skills with ADHD characteristics will improve by 90% depending on how focused you are. If you really focus on the skills and tips, you will become a very skilled communicator. Using values ​​instead of feelings is the secret.

You will first need a list of values ​​/ needs. Post the list next to your phone, computer, and anywhere you can be talking to people. It will come in handy as you search for words to use until you learn this list.

You may want to practice this listening skill before you go out into the world. Pick a place to eavesdrop on some people, such as a restaurant, a gathering, or a park. These people are your unpaid practice. but very valuable to improve.

You can put the list of needs in front of you. While people are talking, look down the list and find a value that satisfies you, such as: someone is talking to someone else. Now choose the word that may or may not be satisfactory. Now in your head silently guess the need. Again, they may or may not be satisfying the value.

Guess only one value from the list. The best part of this learning is that it doesn’t have to be correct. It is a conjecture. So you say to yourself in a question: “Are they wanting __________?” That’s it as you are building a trusting connection with this person and need.

You may want to offer advice or a suggestion to this person. STOP! One piece of advice is not to. It is disastrous. Focus focus focus on your values ​​/ needs. Don’t try to fix them. This will come later unless they discover their own solution. Just focus on their values.

The other point of this is that the more values ​​you try to guess, the deeper they go into the conversation. They will probably converse more deeply than you or they can imagine. Why? You’ve built an instant amount of confidence just by focusing on your values ​​…

In fact, they will enjoy your listening and how you value what they are talking about. You may need to stop them if you are getting tired, but most of the time you will also feel energetic. Enjoy the energy and confidence that you are getting.