I can't believe you guys are all convinced...
I can't believe you guys are all convinced...
...that you can't win money at this. Are you all really serious that you expect to lose? If you are, then you should know that you shouldn't be doing this...that's just the wrong attitude. You can't beat casino games like roulette or craps over the long run, because the odds are built right into the game. But you CAN win at sports, because it's your opinion against everyone else's. If you are sharper than the average person, you will win. It's that simple really. Lines are set (generally) to balance action. The house/casino has no control over the outcome of sporting events. Unlike table games, where math will dictate your long-term fortune (or lack thereof).
Now I am not going to claim that I have gotten rich at this, but I
have made money. I've been betting the NFL since 1996, and last year was the first time I lost money for a season. And that was only -4 units. In all the other years I have won between 8 and 26 units for the season (98% of my bets are for the same 1 unit...the other 2% are for 1.5u). I'm currently up 11 units for this season, despite the fact it's been hellish for dog players, and I play a lot of dogs. And in 2001 I won both a $10,000US and a $5,000US online contest. So I'd say it's been pretty profitable, and I am not quitting anytime soon!!
Like I said, you need to learn how to manage your money and keep track of it. It is inevitable, no matter how good or how bad you are at this, you are going to go through prolonged streaks. You cannot let a losing streak kill you. They happen to
everybody. You've got to keep thinking straight when it happens and stay in control.
You know, a monkey (or a coin flip) could pick 50% winners. You only have to pick over 52.38% and you're making money.
I figure out of 100 picks, with little knowledge of the sport:
- You will win 30 due to handicapping a game correctly;
- You will lose 30 due to handicapping a game incorrectly;
- You will win 20 games that you shouldn't have, due to luck/getting the bounces;
- You will lose 20 more for the same reason.
There's nothing you can do about those last 40. They are going to happen. You can handicap night and day and they will still happen. Everyone seems to remember only the unlucky losses but believe me, you catch a lot of breaks too. After a while you just learn to accept those 40 and you don't get pissed off when they happen.
Anyways, the point is to work on those other 60. If you can turn 30 right / 30 wrong into 33 right / 27 wrong, you are breaking even, if you are betting the same amount on every game. But make it 37 right / 23 wrong and you're making good money. That's 57% when you factor in the 20/20 "luck" picks. If you work hard at this and learn from your mistakes you should be able to correct 7 bad picks out of 30.
If you pick 57%...and make 10 bets a week @ 1 unit/bet for the regular season...that's 170 bets...and a net profit of 9.7 units. Why isn't this attainable??