The 3 Main Reasons Most Amateur Sports Bettors Lose Money

Does the following scenario sound familiar?

“This guy Archie came into my book on the first week of September and bet about $1k on ten different NFL games. He ended up going 9-1, and turned his $10k into $18k. (n.b. we are ignoring vig for the sake of simple calculations) I knew he would be back though, and sure enough he was there the following week, betting $2k on nine different NFL games and totals. He got hot again, and went 7-2, and his $10k had now grown to $28k in just two weeks. I wasn’t worried though, because the story is always the same with these guys. In week three, he came in with 7 more ‘locks’ and put $4k on each game, only to go 1-6, losing three of the games in the last minute. Frustrated with his bad luck, he put all of his remaining $8k on the Monday Night Under, which busted when the Broncos scored a meaningless touchdown in the final minute. Three weeks after he started, Archie was broke.”

The 3 main reasons amateurs lose money:

          1.   They over bet.

         2.   They vary their bet size dramatically.

         3.    They fail to appreciate the amount of randomness in game outcomes and forecast accuracy.

                (the media contributes to this view by understating the luck factor).

For the correct mathematics:

 

CLICK HERE!

PODCAST: Sports Betting and Forex Wisdom

Whether you are a trader or a sports bettor, hopefully this basic common sense advice will help you:

Quiz: Are You a Sports Betting Pro or a Sports Betting Schmoe?

Crazed Sports Analyst Simulates 2018 Fantasy Football Draft Round One

Here Ya Go……….

 

Benefits of Team Sports for Young and Old

There is literally a ton of information online about the benefits of team sports.
We find the following infographic cuts through the noise a bit:

 

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Sports Fitness for Baseball Training

We have become aware of a free guide on baseball training. It is detailed, updated and comprehensive and packed with practical tips and advice.

You can find it here: https://www.sport-fitness-advisor.com/baseball-training.html

PODCAST: Applying Trading Fundamentals to Sports Betting

After 15-years as a trader, Andreas Koukorinis has gone on to co-found a tech startup which uses AI and machine learning to trade sports as a financial product.

From listening to this episode, you’ll soon notice that Andreas is passionate about applying rigorous trading principles to nascent markets. And you’ll also hear about the primary drivers behind his predictions on sports games…

Click here to listen now

Do You Have Daily Sports Fantasies?

 

The fastest growing segment in the fantasy sports world is Daily Fantasy Sports, where players compete in one day contests with payouts in the millions. With new websites popping up ever day, how do you determine which site is for you?

Did you know nearly half of all DFS players not only lose their initial deposit within the first month, but stop playing daily fantasy sports altogether within 30 days? Websites like The Daily Audible can improve your success rate and ensure that you don’t become just another statistic.

The Daily Audible has set out to make the process much easier on new players. With updated reviews, promo code, and strategy guides for new players, The Daily Audible is the ultimate resource for anyone looking to get started on FanDuel and DraftKings. These tools are priceless to new players trying to figure out how to navigate through the maze of DFS operators, and how to win once they finally settle on the right site.

Interested in learning more about what they do, and how it can help you click here to check out their latest articles and resources.

Emmy-winning Sports Personality and Host Katie Nolan Now at Espn


ESPN announced today that it has hired Emmy-winning sports personality Katie Nolan. Nolan joins ESPN on October 16 and will appear across multiple platforms in a variety of projects.

Source: http://espnmediazone.com/us/press-releases/2017/10/espn-hires-emmy-winning-sports-personality-host-katie-nolan/

The Human Mind Needs to Be Rewired for Sports Betting Success


Source: The human mind tends to overweigh small sample recent events, not taking into account randomness.

Artificial Intelligence can be taught to be more patient than the human mind when assessing sports improvement/degradation.