Measuring Sports Betting Success

One of my pet peeves is getting asked “What is your winning percentage?”. Of all the questions I get from people looking to verify my success, nothing could be less relevant in measuring it. When I tell them the truth, that I make the highest net profit and return on investment when I win about 40% of my bets I will never hear from them again. And they will, inevitably, keep pursuing a high winning percentage and losing their asses in the process. That is all good and well, because if someone is ignorant enough to believe that a high … Continue reading →

Is There One Thing That Will Make You A Winner?

When it comes to sports betting, many people spend their life looking for that one type of bet that will make the difference between winning and losing. It is sad because they will lose a fortune trying out various combinations of stats or ideas of what that one thing, or bet, is. Here is a hint. It is NOT winning 97% of your bets. I often get the question asked, “What is the most important thing I have to do to win?”. Here is the best answer to that question. You must bet the right lines, on the right teams, … Continue reading →

Sports Gambling vs. Sports Investing

There are two kinds of people when it comes to sports betting. First, there is the gambler. They like to make a lot of bets and hope they win. For these people, the payoff is not about the money, it’s about the thrill of the bet. They almost invariable lose money, and go to great lengths to find ways to stop losing so much. Second, there is the so-called investor. They know the game can be beaten, but most are not quite sure how. The vast majority fail and lose money, and a few make small returns for a lot … Continue reading →

Your Sports Betting Business Model

Most people go into sports betting without a clue as to how to manage their money. They make a deposit at a book, make bets, and happily churn away their bankroll. I always think of sports betting as a business. So if you want to be successful, you should follow the basic rules of any other business. In sports betting, like any other business, that starts with a business plan. If you are one of those who makes a deposit in the book and then makes bets until it is gone, you will need to change your ways before you … Continue reading →

Knowing When to NOT Bet

Over the last several years, I have been looking every day to find the best picks every day. Most of the time, there is a good bet to be made and they can be found quickly. But other times, there just isn’t a good bet to be seen anywhere. The payouts are too low, the match up is not even, or something else just makes it look to me as though nothing is worth the risk. There just is no advantage to be found at all in the lines on some days. Perhaps I notice that because I never look … Continue reading →

Sports Betting Strategies That Lead To Losing

Very few people win at sports betting, at least over the long term. The few who do are not very forthcoming in how they do it. That leaves most people looking for a system, or a strategy to play with no idea whether it will work or not. Almost inevitably, they end up losers over the long term. The vast majority spend their efforts looking for systems that guarantee a win every bet. For them, there are plenty of options available on the internet that promise what they seek. However, when it comes time to deliver they always fall short. … Continue reading →

The Fallacy of the 52.4% Winning Percentage

All over the internet I see people, even professional sports bettors, claim that a 52.4% win rate is required to break even betting on sports. The idea being brought forth is that in order to profit you must win more than half of your games. That is a very dangerous idea. It leads people to take bad odds trying to achieve that rate. It also leads them away from better odds that make it easier to profit. The fact is, the win rate required to break even or profit is not set. It is totally dependent on the lines you … Continue reading →