Betting Tips & Advice From Experienced Bettors To New Ones (Participaion Appreciated)

HacheMan · Feb 8, 2009

Every day we have new players who stumble onto our "hobby".

As most of us know, it can take quite some time, even years, before we catch on to even the simplest of basic betting rules, strategy, and what soon looks to be common sense to us compared to when we first started.

Unfortunately, newer bettors usually learn the ins & outs the hard way.

Sharing information from our experiences and common betting knowledge is something that those of us who have been around can provide to try and help our new friends settle in a little easier.

What tips and/or advice would you pass along to our new friends to sportsbetting?
:toast:

(PLEASE only serious replies)

Betallsports · Feb 8, 2009

I will weigh in on this Thread a few times.

But for any Newbies out there, a Must is to Shop the Lines.

Meaning you need more then One Out.

If you have a Bankroll of, Let's say $500 for all of Your Sports Gambling.
You should spread that $500 out with 2-3 Books.

After you do this, You can Shop for the Best Lines.

Case in Hand, Today in the Lakers game.

If you Like the Knicks getting Plus Points, and you have an account at Skybook and BetJam.
Skybook has it at +8, and BetJam has it at +7.5

You're not going to Bet at Both, You will Play the Best Number. ( +8 )

FairWarning · Feb 8, 2009

Money management is key, don't overbet your bankroll. Live for tomorrow. If you are in a cold stretch, take a few days off.

bigtendominator · Feb 8, 2009

1st piece and final piece of advice.

DO NOT GAMBLE.

I have lost more than $300K gambling in my life and has it cost me many more things than money. Friendships, relationships and respect from others.

bigtendominator · Feb 8, 2009

Even if you are successful gambler, you really can't tell many people you are a gambler. Gambling is viewed as the worst vice possible.

Drug addiction and Alcohol do not garner the same disdain.

It is extremely time consuming and not necessarily destructive behavior.

I have done a good job hiding my gambling from most friends, but where it costs you is that you don't want to go out, as you want to watch the games you bet on. I wish i spent more time doing other things.

OnWisconsin · Feb 8, 2009

don't stake too much on any one game, or one day. look at it as a long term investment similar to the stock market. keep a record of each day's return or losses. mutual fund managers make millions just by getting people a 10-15% return each year. having a goal in mind helps significantly, especially if you have two or three losing days in a row and you find yourself tempted to make it all back with one bet.

ThEjAcK · Feb 8, 2009

soonerdawg said:
don't stake too much on any one game, or one day. look at it as a long term investment similar to the stock market. keep a record of each day's return or losses. mutual fund managers make millions just by getting people a 10-15% return each year. having a goal in mind helps significantly, especially if you have two or three losing days in a row and you find yourself tempted to make it all back with one bet.

Yes keep a record.. :toast:

wilheim · Feb 8, 2009

What exactly is the 'moneyline'?

Betting lines are based on money value. Imagine using a unit wager of $100 for our example.

Monely lines are available in all four major sports in the US. Baseball, Football, Basketball and Hockey plus many other sports. Using an imaginary baseball game as an example.

If Chicago is listed as -165 favorites over Baltimore and you wanted to bet on Chicago - you would then risk $165 to win $100 - since you are betting the favorite.

If you wanted to bet on Baltimore you would risk $100 to win $155 - since they are the dog. The $10 difference is called the juice.

What is Juice you ask..

Juice, also known as the 'vigorish' or simply 'vig', is the commission that sportsbooks collect for taking your bet. In a perfect world the action on both sides of each game would be evenly split, and the books would use the monies collected from the losing bets to pay the winning ones. The difference (juice or vig) goes to the house as gross profit on the game.

The norm is around 10-percent for most side and total bets except in baseball where depending upon how large a favorite is involved the juice can be higher than 10%.

Some sportsboks offer reduced juice as a marketing tool, which is a favorable situation for the player because they risk less money on any given wager that has reduced juice attached to it.

On the other hand most sportsbooks (mainly in football) will use increased juice instead of changing the pointsread when key numbers are involved.

For example if The Steelers are 3 point favorites over The Colts and a book is getting heavy action on The Steelers at -3 -110 causing them to have to move the line to make The Colts a more attractive play.

The Book will then make the juice higher on The Steelers instead of changing the points to -3.5. Which is why players often see lines like Pittsburg -3 -120 and Indianapolis +3 Even Money.

Their goal is to attract action on The Colts by offering them with no juice attached (100 to win 100) and discourage action on Pittsburg by inflating their juice to -120 to win 100.

wil.

oldmanTED · Feb 8, 2009

Start with a very small bankroll, say $500 and don't bet more then $11 on any one play. Gamble for enjoyment only and don't bet more then you can afford to lose.

BadCo · Feb 8, 2009

Set aside a bankroll and spread it out over 5 books.

Never put into play more than 10% or less of said roll in one day.

Never put more than 3% on any one play.

So if your bank roll is one thousand dollars you are a 22 to 33 dollar bettor and there is nothing wrong with that.

Hit 57% and your roll will grow and you step up accordingly.

I read this years ago and it really doesn't fucking work but it sounds good.........LOL

tatehill2000 · Feb 8, 2009

Touts are liars, 99% of them are liars,

Do your OWN due diligence, ask POINTED questions to senior posters for specific help. DONT be vague.

Trust your GUT,

Admit when you were wrong,

Tater

Doug · Feb 8, 2009

play at shops that offer reduced vig ( -105), not the old school -110.

Avoid credit

VIEJODINOSAUR · Feb 8, 2009

If you must gamble, pay if you lose...

You don't want to be labled a stiff...

Make arrangements if you have to when you bet over your head, make payments if you have to, but make sure you pay..

Gambling Forums do not like stiffs....

billpapa · Feb 8, 2009

There was a thread that Fishhead started quite some time ago where people gave what they thought was their "best" advice regardng betting. If you look for it you will find many bits of wisdom there.

Betting Tips & Advice From Experienced Bettors To New Ones (Participaion Appreciated)

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