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Loren Abbott

Sports Betting - A Primer - 0 views

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started by Loren Abbott on 17 Feb 12
  • Loren Abbott
    It requires little knowledge of betting in general but will keep you entertained while you learn the rest of the basics. Having a solid understanding of money lines and how they are calculated offers you an advantage when choosing where your bet ought to be placed.
    Betting on sports can be a unique opportunity in your gambling world. Unlike Blackjack, Roulette, and Slot machines, it does not have a built-in house edge that will never be overcome. No matter how good of a Blackjack player you will be, you will still lose 51% of the time over the long words (unless you're counting cards, of course). It simply cannot be avoided. Additionally, somebody playing against nearly infinite long odds much like lotteries. If approached for an investment, with a cool head and disciplined manner, it can and will be profitable for you. Precision Plays has put together the following primer for sports betting. These are the methods we employ within our wagering and we demonstrate a profit for our clients each year since 2001.

    Do not ever chase your losses. Your sports picks will mislay and periodically several times in the row. There's no avoiding it, but by doubling up your next bet or following some progressive scheme where the stakes constantly increase, your losses will still only mount. Figure out why you lost and learn from it. Sometimes the reason can't be determined, but often it could actually.

    Establish a fixed bankroll, unit size, and fiscal period. For case, $1000 to wager over the course of an NFL season. Your unit size should not be more than 2% of your bankroll. In this example, you would bet $20 on each football pick. After 50 bets you would have turned over your bankroll ($20 Back button 50=$1000). At this aspect, you can either cash out any money above $1000 as gain or roll it above into your bankroll and increase your unit dimensions accordingly.

    Never vary your unit dimensions lightly, unless it is always to decrease it. It should always be tied to your bankroll. Precision Plays occasionally decreases our unit size on certain bets we feel may cash, but are also riskier (and consequently more profitable). Decreasing unit size should be temporary and rare. A set unit is always preferred.

    Never change your bankroll lightly. It ought to be an amount you can lose without the need of financial hardship at all. The best way to extend your bankroll is using profits.

    Discover your fiscal period through before varying it. Inside above example, we gave a total football season as your fiscal period. It does not matter what it is usually - a half period, a month, even 7 days.

    Several things you can do regarding the fiscal period and these are the best responses:

    1. You reach your turnover point before the fiscal period ends.

    Simply remove your profits or increase your bankroll and unit size accordingly and continue on to its end.

    2. You've reached the end of the fiscal period with some sort of loss.

    Continuing with the same example, you've reached the end of football season and have $800 left out of your original $1000. Our recommendation is to go into the next fiscal period with the smaller bankroll and product size. betting, betting

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