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Being the bookie is not as glamorous as you might think. For starters, you must have a sufficient enough bankroll to handle the up's and downs of a particular season. You can' take days or weekends off if you have a bad week. The public does not lose all the time, in fact, they win more than you might think. Books make $ as mentioned earlier off of the vig, but to make a consistent long term profit, you must also have enough volume to balance the action. A bookie is merely a middleman between bettors on opposite sides. If you get flooded consistently with money on one side, albeit a public side and they happen to be right, then you won't be in business for very long. Again, fading the public is not as profitable as you might think. I know of a couple of bookies personally who are no longer in business because they would hedge the action they were taking in on a game and it backfired. Most successful bookies do not bet at all. Sportsbooks release betting percentages to make Joe Public feels as though he has an edge, when in fact, knowing these numbers does not neccesarily make you an advantage player. In fact, sharp bettors or advantage players could care less who bets on who. If you feel confident enough in your handicapping, where the public is putting there money should not sway you from a particular side. In fact, sharp players or advantage players make their profit by being able to gauge which side the public will be pounding ahead of time, thus pounding a mistake in the line, leaving Joe Public to bet into a bad number. Just like ATS stats. These stats are pretty much baseless as far as handicapping is concerned. That's why books hand out this information for all to see. If a team is 10-0 ats against a certain team, oddsmakers have already factored it into the line, thus leaving you with useless info. It's sorta like the lottery books that give you past winning numbers. When in fact, each drawing is it's own random occurence, leaving what happened in the past pretty much useless. This is especially true in the NFL, where rosters have so much turnover from year to year. But back to being a bookie, if I were you my friend, I would start out small and let it grow. Put a limit on games and don't stretch yourself thin. Only take what you can handle, don't hedge games and make a bad situation worse. With time you should see your business grow. Best of luck to ya! |
DanTos8715 | 22 |
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VOLS (+ 7.5)
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Mr_Covers | 54 |
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Quite honestly and with all due respect to the last post, this is one of the wildest conversations I have ever seen.
As part of a sports serice here in the Wash DC area, if we knew who would win, there would be no service and we would own several teams by now with so called "inside information".
Nowadays with the internet and chat rooms virtually everyone has access to the same info. You too, can gain the same info that the oddsmakers have, its just a matter of breaking down that info until you feel you have a strong opinion on who will win the game.
Once you have a strong opinion you go back and analyze your data before making a final decision determining how many units to play based on your opinion.
The difference between winners and losers is not luck or some wild conspiracy. Like with everything else it takes hard work to consistently keep pace with the oddsmakers who adjust on a daily basis.
And at the end of all that it is still gambling which makes it even more intriuging, as there is still a chance you might lose.
We released a play for 1 unit last night on the under in the LA/GS game and yes, we were somewhat disappointed it went to overtime on questionable call, but that's the breaks sometimes. Take solice in the fact that you were on target with your evaluation and use that as a postive for your next play.
To minimize bad beats you must work hard, stay positive and things will balance at the end of a season.
Oddsmakers get up early in the mornning to do what they do and did not become oddsmakers overnight. Respect the game and your opponent and in the long run things should work out for you.
Good luck to all!
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IGotThis | 39 |
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Point well taken unomysteez. Best of luck this evening.
And your welcome Billy Buck hope the info is useful in making your decision.
The post is labled free b/c most of my selections are not and are posted on other sites and/or monitoring services.
Not sure if I can say which on here though. Not here to advertise, just help if possible.
Best of luck
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pupsandchalk | 4 |
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2* play- Orlando Magic
The Magic host the defending champion San Antonio Spurs tonight as both look to fine tune things with the playoffs approaching. This will be the second meeting between the two this season. The Spurs took the first one in San Antonio as 6 pt chalk outscoring the Magic 69-46 in the 2nd half en route to 128-110 victory.
The Spurs enter tonight's game winners of their last 3 SU and ats, but how much can we put into those wins? Two of the those wins were against non-playoff teams with the third coming against a team who has not looked llke a playoff team as of late in the Dallas Mavericks.
In fact, the Spurs are just 1-7 ats their last 8 games vs. teams above .500 and 7-12 ats on the season. We can take from this that the Spurs are encountering teams best effort when they visit town. So to say that the Spurs are back on track might be little premature.
The Magic enter tonight's game having lost their last outing against division Atlanta. The Magic blew a 4 point lead heading into the 4th quarter, failing to cover the number while losing outright 98-90.
Tonight we expect the Magic to bounce back strong as they have all seaon in this spot. The Magic are 19-6 ats this season following an ats loss and 21-8 ats revenging a loss this year.
The Magic have turned things around at home as well compared to earlier in the season covering in 9 of their last 12 all as chalk.
The Spurs are just 1-9 ats as a road pup of 3 or less on the season.
The younger, fresher Magic will be motivated to put on an impressive showing for the hometown fans and to show they belong on the same court as the defending champs. Lay the small number in this one.
Good luck to all!
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pupsandchalk | 4 |
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Food for thought, no Stephen Jackson or Jason Richardson and last time I checked they still cant stop the pick and roll. Utah has looked good in the preseason for what its worth and they dominated the boards in this series last year. Home team has dominated but the last time the rd team won, it was Utah. They take that confidence and get it done here, take the points and the better team. pick-Utah +3 |
Mr_Covers | 13 |
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