Sports Betting – Reality vs Expectations

Despite the efforts of the US government to curtail gambling on the internet, millions of dollars are still being wagered each day on sporting events, poker and online casino’s. Estimates for the amount of money being wagered yearly on sporting events vary greatly but it is a common acceptance by all the estimators that it is in the Billions of dollars. Obviously the internet makes up a big part with its worldwide attraction and availability, but there are also the legal sports books in States like Nevada and some foreign countries that have legalized betting on sporting events. What makes it difficult to get an accurate estimate is the number of “barber shop bookies” throughout the US and around the world. The illegal bookmakers it is estimated, makes up nearly 50% of all sport betting action annually.

What draws the public to the “windows” to place wagers on sporting events….? Of course many are drawn by the thrill of having “something riding” on a game and almost always can watch the outcome on a TV broadcast. Why do the Vegas Sports Books put a TV next to a game on their board? Because they know that more action will come in on a game that is being televised than ones that are not. This alone 먹튀검증커뮤니티 may answer the question of how many sport bettors actually end the season or the year with a profit? Playing games just because they are on TV is certainly not going to put a sport bettor into profit.

General opinion by bookmakers estimate that less than 10% of all consistent sport bettors will end up with a profit at the end of the year. Most sport bettors do not have the expertise, the resources and the time to intelligently analyze a sporting event that will give them the edge against the bookmaker. Professional handicappers will spend many many hours each day analyzing statistics, reading press releases, studying injury reports, watching weather forecasts, tracking line movements, analyzing trends and comparing team and player matchups.

Besides just the thrill having something riding on a sporting event, is the lure of those preying on the greedy. Many sport services (touts) advertise winning percentages that are nothing more than marketing ploys to reel in the sport bettor in search of making that “big hit”. The reality is that anyone 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 percent of all handicappers. We are not referring to the hobbyist handicapper here, the one who places a wager once in awhile on they’re Alma mater or a once a year wager on the Super Bowl. We are talking about those that place 200 or 300 wagers per year. The serious sport bettor who is out to make a living or at least a decent profit off his efforts will wager on at least 5 to 10 games each week and higher when football season overlaps the basketball season. So, how much can a serious sport make betting sports throughout the year? Answer: how big is your available bankroll to get started?

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