How to Survive Sportsbetting

Step-by-Step Guide

1. 1

   Step 1: Choose a sport(s) to bet on.

   In the United States, football and basketball fit the bill.
   
   These sports get a lot of action and there is a lot of research that can be had from these sports such as news, sports services, TV replays and sports websites.
2. 2

   Step 2: Make wagers with the smallest casino advantage.

   Spreads and Totals are the bets with the least disadvantage.
   
   The 11/10 (-110 for American style betting and
   1.90 in decimal form) betting structure is common for spreads and totals.
   
   The disadvantage, known as the "vig," allows bookkeepers to make their profits.
   
   It is simply a part of sportsbetting that must be accepted, and is actually smaller than you may think. , The formula for determining the break-even point is: 11 / (11+10) =
   52.38%.
   
   Winning more than
   52.38% out of 100 games is profitable, and put this way the casino advantage does not seem too big. , These will show the pattern of wins and losses.
   
   Suggestions are: 50%, 54% and 57%.
   
   The results will look like this for a 54% win percentage (which is profitable):
   W, W, W, L, W, L, W, L, L, W, L, W.
   
   A free online random number generator is the best choice, because eventually, pulling colored slips of paper, with 54 blue and 46 yellow, out of a barber shop hat gets tiring and slow. , A bettor on vacation has a short time frame and he might make just 10 wagers on basketball.
   
   Divide the data in groups of 10 and analyze the results in terms of profit. , Long term results will show many long winning and losing streaks.
   
   When winning do not quit your day job and when losing
   - persevere. , Bet on football and basketball.
   
   Bet on half
   - times lines and small edges.
   
   Fluctuations are kinder on the bettor with a higher win percentage. ,, A parlay is a single wager on 2 or more teams that gives you a larger reward than if the bets were made separately.
   
   This is a true way to "get rich quick," as it offers high reward for lower risk.
   
   The more teams you bet, the higher the reward if the wager is won.
3. 3

   Step 3: Determine the the break even point for spreads and totals.

4. 4

   Step 4: Do several simulations of win percentages.

5. 5

   Step 5: Analyze the data with the amount of bets made in a time frame.

6. 6

   Step 6: With lots of numbers crunching

7. 7

   Step 7: work the data further by making graphs and tables.

8. 8

   Step 8: Bet more to get into the long-term faster.

9. 9

   Step 9: Apply this to other situations like a baseball batter on a streak or a slump or the financial market.

10. 10

    Step 10: Bet "parlays."

Detailed Guide

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