Getting into the game

[TheGame1020]

Hello everyone I just joined this forum, it seems like its one of the best on the internet for sports gaming. Let me give you a little backround on myself I am the ripe age of 18 and I have been sports gambling for about 2 years in that time I have made about 2,500.

I am a somewhat small player and I am currently out of the game, meaning I don't bet on baseball (yet!). I made all that money from football and basketball both pro and college. I mean this is a small amount of money to the players on this forum but its a start for me. I read the previous post about people coming in and thinking they are bigger than the books and will make hundreds of thousands a year. I am going to college and basically I want a supplemental income while I am there. I want to take my sports gaming to the next step. Now on to my questions:

What is the best book for football and basketball betting both college and pro?

The best book for bonuses say if you deposited 1500 dollars?

In betting should I vary my bet size or stick with one unit?

I really look forward to contributing to this forum and if there is anything else you think I should know before using an online book please let me know!

Thank you!

 

[IE]

from what i read of your post,

check around on the site of these 4 sportsbooks to get a feel for them:

PinnacleSports

BetJamaica

VIPSports

5Dimes

 

[TheGame1020]

Thanks IE

 

[beantownjim]

Ie Whats The Matter With You This Kid Is 18 Years Old And You Are Already Trying To Make Him Into A Degenerate Gambler.kid Do Yourself A Favor Stay Away From Gambling It Is A Sickness You Will Never Win Your Not Smart Enough.i Have Been Doing It For 25 Years And I Got Myself Into A Lot Of Trouble When I Was Just A Little Bit Older Than You So Pal Forget About Gambling Get A Good Education And Smarten Up.do Your Parents Know About Your Gambling At 18 Your Probably Hiding It From Everybody Kid Be Carefull You Can Lose Everything You Will Ever Have If Your Not Carefull.dont Bet With Local Bookies Kid Its To Easy To Make A Phone Call And Double Down On Credit This Is The Worst Thing You Can Do At A Young Age You Will Be Paying For A Long Time Believe Me Pal I Have Seen It All On The Tough Streets Of South Boston.

Also Kid Be Carefull Where You Send Your Money Offshore I Got Ripped Off 660 Dollars At (cascade Sportsbook) Stay Away From These Thieves.

 

[TheGame1020]

First of all, I stopped betting with a local bookie because of this reason some friends of mine got into some trouble. I think its alot safer and picking one of featured books on this site and picking a safe book, I think your money will be fine. You are a rude person. I have read some of your other posts, you write in all caps and have horrible grammar. :142lmao: I was simply asking for some help getting into the offshore business... If you don't want to help thats fine but don't give me a lecture. Don't tell me what you saw in boston cause I don't care, you can go back to Boston and shove it!

One more thing... The Yankees own your town!

The Red Sox ain't got noting on the NEW YORK YANKEES.
:fingerc:

 

[buddy]

What is the best book for football and basketball betting both college and pro?

The Bible

 

[TheGame1020]

lol :clap:

 

[ocelot]

Wow...another green tinhorn. Listen to old Beantown kid. Don't think you are going to supplement your income. But if you insist pay attention to the following:

Only play with money you can afford to lose or have a set loss limit for the season.

Never think after a losing streak: "I am due".

Take a course in probabilities.

Have a system and never vary from it. Including a money management system.

Realize that if you play long enough you ARE going to have horribly long losing streaks. NEVER start doing some kind of suicide progression betting - increasing your bets higher and higher to try and get it all back with that 1 win because you "are due".

 

[GM]

I wouldn't discourage anyone from sports betting / sports investing. If you are serious, willing to study and do some of your own research, etc you can definitely make money at it. Most people put no work into it at all, and then they're surprised when they lose.

The house has a small advantage on you in that 10% juice. So if you pick 50% you'll eventually be wiped out. Pick 52.38% and you break even. Pick 55% and you'll make very nice money, relative to your starting bankroll.

1) Never bet money you can't afford to lose.
2) Set up a bankroll and stick to it. When it's gone, you're done.
3) Never risk more than 3% of your bankroll on any one game, and never have more than 30% of your bankroll at risk during any one day.
4) Bet the same amount on ALL games, ALL the time. If you absolutely MUST vary your bet amount, make it 1.5x your regular bet, not 3 or 4 or 10 times. No one bet is more important or less important than any other this way. I can't tell you the number of times my "best bet" has lost, but I've won the majority of my "lesser" picks. It SUCKS to be mostly right, yet have less money to show for it.
5) Find yourself at a minimum TWO good sportsbooks with consistently different lines. You want one book where you can bet favorites at the lowest line possible, and one where you can get the most points possible on your underdogs. The more line variety you have, the better.
6) Don't panic when you have a bad day. Don't chase by betting more at the end of the day/weekend to try to "get it back".
7) Don't get lazy or big-headed when you have a good day / weekend. Keep working at it. Don't throw away all your profit by "going large" on Monday night.
8) Expect to lose games you shouldn't lose. But remember you'll also win games you have no right to win. The luck evens out in the end. The hard work you put into it is the difference.
9) Take it slow and grind out a profit over the long haul.

There are going to be ups and downs along the way, but good money management will keep you in the game. You can be a great handicapper, but without money management you're doomed.

Good luck.

 

[bej0101]

great advice beantownjim and ocelot..remember kid "money mgmt" and your never "guaranteed" a winner... NEVER chase your losses with larger plays..the more you lose the lower your wager should become..good luck this season..

 

[TheGame1020]

What money management system is the best? I also really enjoy the NFL and last season I did pretty well with small bets. I'd like to know the best money management system. Also, I may want to vary my bets slighty and do the occasional parlay once every 2 weeks or so is this ok?

 

[GM]

As I said above, the 3% / 30% rules, & keeping the bet size the same 98% of the time is my MM system. Others may have other ideas. Some say bet only 2% per bet....others may go as high as 5% (though I find this increases the risk of getting wiped out quite a bit, especially if you are betting 8 to 10 games per Sunday. At some point you are likely to have a 2-8 type day, and at 5% you'd see a big chunk of your bankroll gone).

When it comes to parlays I don't really think they are worth it, esp. if they are 4-teamers or more. However, if you want to play parlays I'd recommend signing up with Infinity since they cater to the parlay player, and they give you better odds on 3-teamers than you'll get most places (they pay 7:1 instead of the standard 6:1). The true odds of hitting a 3-teamer in a pointspread sport like football is 8:1, so that's pretty good.

 

[ocelot]

I avoid parlays also. I am currently working out some risk of wipeout curves but they aren't done yet. They will show how many units bankroll you need for various expected win percentages. If I could figure out how to post an Excel chart her I will once I get them done.

 

[kosar]

Good stuff, GM. One quick note though is that the 7-1 that Infinity offers is true odds, not the 8-1 that you mention.

One thing to note though is that at least one player tried to get fancy at Infinity by playing both sides in certain situations as a hedge against that true odds payoff and ended up getting bets canceled etc. Cost him some money.

It's clearly in their rules though, what's allowed, and I would suggest everyone read them carefully.