A Beginner’s Guide: How to Get Into Sports Betting

 

2019-20 NFL Computer Predictions and Rankings Sports Betting Web Resources  sports guide betting beginner

Sports betting has been around for centuries. It’s long been a beloved activity of sports fans worldwide, offering another way sports fans can engage with their favorite sports and other fans. But if you’re new to sports betting, you might not know much about it, how to place a bet, or even where to start. Consider this your beginner’s guide to sports betting.

Recent History of Sports Betting

In the long history of sports betting, the most important time to pay attention to is recent history. Specifically, what’s been happening over the last few decades. From 1992 to 2018, sports betting was illegal in the United States. Sports fans of course still placed bets, but it was a lot harder to do so.

In 2018, the U.S. Supreme Court decided that making sports betting illegal was unconstitutional and that states should have the right to choose whether or not sports betting should be legal. States like Pennsylvania, New Mexico, New Jersey, Nevada, and Rhode Island now have completely legalized sports betting. States like New York, Indiana, and Montana have legalized sports betting only in select areas, and many other states are working on bills right now to legalize some form of sports betting.

Although many professional sports leagues like the NFL were originally against the legalization of sports betting, they’ve now come around to the idea. Small taxes on bets can provide various leagues with additional income. Plus, it offers another way to keep fans engaged with their favorite sports and teams, which is the end goal of every team. The NFL, for example, recently signed a deal with Caesars Entertainment for exactly that purpose.

2019-20 NFL Computer Predictions and Rankings Sports Betting Web Resources  sports guide betting beginner

Where Should You Place Bets?

This all depends on where you live. If sports betting is legal throughout your state, then you have nothing to worry about. The most convenient place for you is to place bets online through a reputable website or app. You might choose a site or app specifically known for placing sports bets, or one that offers a wide selection of gaming and betting options.

But if you live in one of the states with legal sports betting only in specific areas, then you’ll have to follow those rules. This might require you to place bets in a physical casino, whether in person or on a mobile phone. And if you think you can get around this, think again: Most sites or apps will verify your location before you can place a bet.

Additionally, it’s important to know that many betting sites will offer you a sign-up bonus or credit, or other perks like getting a refund if you lose your first bet. Do some research and find out which site best fits what you’re looking for. But before you place a bet, make sure to keep these three reasons new bettors often lose money in mind, and be sure to place your bets wisely!

2019-20 NFL Computer Predictions and Rankings Sports Betting Web Resources  sports guide betting beginner

eSports Betting

There’s a lot of money in eSports, and eSports covers a wide variety of games, from first person shooters, to sports games, to fantasy games. The now billion-dollar industry is hugely competitive and popular, with prize pools for tournaments sometimes reaching into the millions. Just like with traditional sports, eSports fans will place bets on games and even travel long distances to watch their favorite gamers (who are often professional gamers) compete.

Similar to traditional sports betting, you can place bets on eSports tournaments on many general sports betting websites or else on eSports betting websites. The process of placing bets is exactly the same. The most popular eSports to bet on are usually League of Legends, Counter Strike GO, and Dota 2.

Between the legalization of sports betting in the U.S. and the arrival of eSports betting, this is certainly an exciting time in the world of sports betting — and an exciting time to get involved and place a bet.

 


How Do Sports Handicappers Get Their Information?

 

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Sports handicappers thrive on identifying advantages that give them an edge in sports betting. Depending on the level of experience and knowledge of different sports, handicapping sports can be quite lucrative. But given the unpredictability of sports betting, one may wonder, how do sports handicappers get their information? Is it that games are fixed, and they are nothing but cheats? Well, to ease your mind, sports handicappers are simply good at analyzing information, and they are not right at all times. To help you better understand handicappers, here are a few ways that they get their information.

 

  1.    Public sources

Sometimes it is not the source or amount of information that matters, it is how it is used. In the case of sports, handicappers get most of their information from public sources, but analyze it in a much more refined way than a casual sports betting enthusiast. For instance, in soccer; information about which players will be in the field is always publicly available before the game.  Handicappers use this information to analyze team strength, and come up with their opinions. For instance, if a team like Barcelona is playing with an equally big team, and key strikers like Messi and Suarez are out with injuries, a handicapper can postulate that Barcelona’s chances of winning are low. The same applies across all sports.

 

  1.  Collecting Primary data

Sports handicappers also invest time and resources to get primary information about a sport. For instance, in horse racing, a handicapper can invest time and money to study each horse in the race. Some of the things they can study include each horse winning’s history, its health before the game, among other factors. With this primary data, it becomes easier for a sports handicapper to make decisions that give them an advantage, over a casual betting enthusiast.

 

  1.    Big data analysis

Big data is a term commonly thrown around in the tech world.  However, it applies in multiple industries including sports betting. A well-funded sports handicapper can employ AI to analyze huge amounts of data and make sense of it. For instance, by analyzing data about a basketball team, including its winnings history, and the scoring potential of each player, interesting information can come out of it. Most of this information may not be obvious to the casual sports fan, even when they are using simple statistical tools to make decisions. In essence, thanks to big data and AI in data analysis, a sports handicapper gains a clear advantage, and may appear to have insider information.

 

  1.    Buying information

In every industry, no matter how regulated it is, there is always someone who knows something that gives them an edge over everyone else. It’s just life. Sports are no exception. Sports handicappers sometimes take advantage of this to buy information. The information they buy may not have a direct impact on the game, and it’s not illegal. However, it can help them make better decisions in trying to predict who will emerge the winner in a given sport. It may not be 100% correct, but even a 50% edge is much better than nothing.

 

The 3 Main Reasons Most Amateur Sports Bettors Lose Money

2019-20 NFL Computer Predictions and Rankings Financial and Small Business Gambling Sports Betting Statistics  sports money bettors amateur   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:

 

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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

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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

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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?

 

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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.