a 57.5% winning expectation, you are as likely to go 4-10 as to go
12-2... Sports bettors don't go broke because they can't call winners,
and they don't go broke because of vigorish; - they go broke because they
use faulty money management."
For a pro sports bettor, 60% winners over the long haul is actually too high...Here's
Check what the most respected people in the business are saying about us!
...And so should you.
A Very Important
Thing to Know
Much like betting on stocks, you can't expect to profit every day betting
on sports. Here's what you can expect.
NBA = $$$
Here's why basketball - not football - is more important to a full time
Debunking the Kelly Criterion
If you think
progressive betting schemes can win more than you deserve, buy a round-trip
ticket in advance
How to Spot Key NFL Pointspreads
Almost 2/3's of NFL games end with one of only 10 margins of victory.
Lem Banker, Sonny Reizner, Bob McCune talk
about their lives, how they began, how they keep winning!
Check out these articles!
article has been edited from a larger feature story in The KANSAS CITY STAR
newspaper, written by Sam Mellinger, and published on Saturday, February
Winners in sports
betting are the ones who treat it like a business
The KANSAS CITY STAR
Saturday, February 09, 2008
Millers make it sound so damn easy. “You flip a coin and you win 50
percent. All you have to do is make 53 percent to keep your money…”
Of course, if it really were
that easy…Vegas wouldn’t have all those presidential suites and neon lights
and seafood buffets. The now-illegal offshore bookmakers wouldn’t think it
worth the effort to skirt American law enforcement.
Estimates say as much as $400 billion — roughly equivalent to car sales
— is bet on sports each year in America. Most of that is revenue for the
house, and the biggest chunk is done illegally online.
More than 100 million Americans place sports bets each year, ranging from
entertainment to recreation to full-time. A small percentage of them live
the dream of gamblers everywhere, from the recreational,
$20-on-my-alma-mater guy to the compulsive, lost-my-house guy.
You call it gambling, they call it investing. Some people play the stock
market, they play the point spreads. Same theories, they say. Better chance
of high rewards.
How they do it is a risky and harder-than-it-sounds story that some experts
say is nothing more than a mirage that feeds the gambling machine. But as
long as there are casinos taking bets, there will be millions of people
trying for the dream life that only a few can realize.
“We lived in Vegas,” J.R. Miller says. “And, well, one
thing led to another.”
Vegas led to blackjack, which led to sports bets, which led to a
newsletter and Web site — www.professionalgambler.com.
along with son J.V. and brother R.J. play about 2,500 games a year. That’s
six or seven a day, 50 a week and 200 a month. It’s a wearing-down process.
Miller says “The most important thing is money management, and that
means keeping bets steady and reasonable.”
The house’s advantage comes in a small portion it takes from winning bets,
known as the juice or vigorish, a margin that means the break-even point
for bettors is 52.38 percent.
The Millers rely on research and time for an advantage of around 2 percent
that, when multiplied a couple of thousand times over, turns a profit that
matches the neighbor’s salary. They keep bets to a small fraction of the
total bankroll, allowing them to withstand extended losing streaks — like
0-13 during week 15 of the 1985 NFL season.
“What will kill most people is greed, making their bets too big,”
Miller says. “It’s all about money management. The stats and
information, with the Internet, are there for anybody to see…”
...Successful sports gamblers are dispassionate, removed and
emotionally uninvolved. Bets are expressions of mathematics and never to be
taken personally. Trouble is, sports gambling often attracts the exact
opposite kind of person.....
Copyright, KANSAS CITY STAR
Could YOU be a Professional