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Buyers Guide - Golf
The Truth
Lets be honest you decided to click on this link for one of the following reasons:
You want to improve your golf game (score).
You were intrigued by the prices we offer compared to Name Brand equipment.
You want to finally have a...
Core Flexibility Training Improves Golf Swing Power And Distance
Core flexibility training is critical if you want to improve
your golf swing power and driving distance. Your core is the
engine to your swing. If your core is inflexible you will not be
able to make a full backswing with minimal tension.
...
Some Interesting And Some Funny Baseball Quotes
"The game has cleanness.
If you do a good job the numbers say so.
You don't have to ask anyone or play politics.
You don't have to wait for the reviews."
Sandy Koufax, Dodgers Pitcher (1955-66)
"Baseball is like a poker game. Nobody wants...
What You Didn’t Know About ESPN Magazine
ESPN Magazine formerly an abbreviation of Entertainment and Sports Programming Network, is published bi-weekly and owned by an American cable television network dedicated to broadcasting mostly sports-related programming twenty-four hours a day....
Why I Would Rather Be A Slugger Than A Pitcher
During the last NLCS, I asked Brandon Backe of the Astros what the hardest thing was for him in making the conversion from outfielder to pitcher in the minors. He said it was "not playing every day." That is why I would rather be a slugger, to...
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Sports Betting as an Alternative Investment
Many will dismiss outright the ability to make good returns on your investment through the medium of sports betting. It is not really surprising as betting is hard work, solitary, and you have to grind out thousands of bets to get your returns.
Of course to many members of society - betting also carries a great big "loser" tag. This is not without justification since the vast majority of sports bettors do lose. I would, however, estimate that the percentage of "losers" would be equally high in the world of stock trading and investment markets if you considered those individuals who entered that environment without the necessary experience. Most people trust their savings and investment income to experts and no doubt if the betting public trusted their income to the 1% or 2% of betting experts who made a profit - the loser label might become less sticky.
So what kind of returns can you expect?
Anywhere between 18% and 22% on betting turnover (that money actually put through the sportsbooks) annually. Of course this could vary greatly - years of 30% and 13% would also be possible. The laws of probability defy accurate annual estimates.
You will notice that I have not stated losing years - this is because they are rare - I have experienced one in my life time, my first. I am always aware of the possibility but I am confident I will never experience one again - partly because of the numerous hedging methods now available on the sports betting exchanges. I wonder how many young people on Wall Street today can confidently say they will only have one losing year? There may be a handful, those engaging in arbitrage and those experienced in 'selling' as well as 'buying' the market - but there won't be many.
So do the sportsbooks close accounts if you are a winning player? Well curiously the answer is 'yes'. I say curiously because if the book is doing its job properly, it is taking the action from both sides of the line (odds on the event) and simply taking the commission in the middle. The sportsbook makes its money whatever the result - they are merely commission-takers. Winning bettors do not win money from a sportsbook, they win money from other losing players. I guess some books simply do not like winners - but many manage the action well and allow big bets. Big bets means big turnover, big turnover means big profits.
The Sports. Very briefly the US pros generally turn to Basketball as a major
source of income simply because of the sheer number of games -
you need to bet high numbers of games to get the returns. Remember a good bettor will still lose around 4.4 to 4.6 bets out of 10. Football (NFL) is big too though game numbers are few. Hockey does not have many takers but the lines are often the best value - the prices can be very generous. Baseball runs somewhere in between. In the UK and Europe it is mainly Soccer and Horse Racing. There is no tax on betting in the UK which is a big advantage and no pari-mutuel system on horse racing. The price you get in the morning is the price you stay with - unlike US horse betting which is subject to starting price odds and heavy taxes.
The key to success in any trading or betting environment is value. If you are not getting a value price, then you will find it hard to make a profit.
You need to indentify the "product" eg a stock or a team - it doesn't matter. If your expectation of that product doing well is higher than the price on display - in relative terms. You "buy" it. Still, if you are not profitable in your betting after say 350 bets or thereabouts - it may be time to say "ok this is not for me" or "ok let me re-think my betting strategy." You simpy cannot tell if you are a good or bad bettor after 10, 20 or 50 bets - with those low numbers you are still falling victim to standard deviation and probability.
Generally I have found that sports betting produces bettor average returns year on year. It is tougher psychologically as you generally act in a lone capacity. No corporate social or support structure, no lunches, no team environment. But then no bosses, politics...you know the score.
Betting is also virtually recession proof, lets face it only a huge war might disrupt the national sports schedule. Sports markets are not influenced by the economy. You worship different gods and your path is one that runs through the wilderness and is not well trodden. You will love it or hate it..
About The Author
Daniel B. King has been a professional sports bettor and trader for eight years, helps advise a number of sportsbooks and is acively involved in the sports betting industry.
www.sbsportsbook.com
www.vipsportsgroup.com
www.betongameday.com
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