What is a Betting System or Strategy?

What is a Betting System or Strategy?

A betting strategy is the idea that bets should ONLY be placed when a set of conditions or rules are present and true which have historically shown to be better than random at predicting the outcome of the game. For example, a simple strategy might be to only bet on the over if the home

Why Your Betting Winning Percentage Doesn’t Matter (sort of)

Why Your Betting Winning Percentage Doesn’t Matter (sort of)

The most important formula in risk taking is the formula for expected value. It is simply defined as winning percentage * average winner – losing percentage * average loser It is obvious to some and unknown to others, but having positive expectancy is the single most important thing in gambling, investing, risk taking, and heck…

4 Ways Emotions Cripple Sports Bettors

4 Ways Emotions Cripple Sports Bettors

Confirmation bias. This is the process of seeking out information, data, statistics, commentary that confirms an opinion or idea you already hold. If a favorite player or team is involved it is often easy to seek and believe information that supports their case to win as opposed to accept information that they may not. Recency

Three Main Betting Styles

Three Main Betting Styles

Hey guys, I am going to keep this post short. Essentially, there are three major betting styles. First, and most common, is the spread. This is a handiapping method that either subtracts points from the favored team’s final score OR adds points to the underdog team’s final score. A simple example is favorite -3.5. So