Before sports betting, I was into poker. I played a lot, worked in the media, and played some of the biggest cash games. I did everything. I often go back to the days of great gaming because I really feel like the skills I learned to play in No-limit Hold’em have gone back to every other aspect of my life.
In my debut ‘reading books’ article section, I talked about the “mental game of poker” written by Jared Tendler. I can’t stress enough how useful the book was at one time for playing poker, not only for my sports betting career, but also for learning how to handle the head swing of life now.
This time, I will mention a book that is more directly related to my current role. Book: “Sports Betting Logic”. One of its authors is Ed Miller, whom I know bidez through poker. The whole circle. Whether you are a beginner or a veteran of sports betting, this book is a must. You just have to be more discriminating with the help you render toward other people. It deals with issues such as how to seek out weak markets and avoid strong markets, how to take advantage of parlays, and how to take advantage of sports book marketing tactics such as deposit bonuses and incentives. The chapters are short, easy to read, and the information provided is a permanent leaf.
Tendler’s book was about thinking, but Miller’s book is for those who want to learn about the inner workings of a sports book. Whether you want to bet professionally or be more educated in space, Miller and his co-author Matthew Davidow do just that. As a space content creator, industry analyst, and client, I contacted Miller directly to reflect on some of the issues you will find in the book.
Why it’s not enough to “blur the public” to be profitable
As the 2022 football season draws to a close, I thought of the only thing I heard the most, like every day, the single most said phrase throughout February: “Disappear the public!” I’ve always felt indifferent to hearing this phrase. As an analyst, I personally do not use public money as part of my analysis. In fact, I don’t even look at that data. Do I need to reconsider?
According to Miller, there is a flaw in the logic. “The idea is that the betting lines are set by one market (correct) and the weight of the money moves the lines (also correct) and so if the line moves” mutual money “(public), then it should be profitable. Bets on the other side.”
Let’s go back and think about the full range. Betting tends to be based on one or two books that use personal sports books. However, there are thousands of sports books around the world and in fact only a small number really have an impact on setting the lines and moving the markets and these books barely take public money compared to the commitment made by professionals and unions.
According to Miller, “the mistake is to work out exactly how the betting market works. The reality is that the opinions of these professional bettors and unions are reflected in the lines, not the public opinion.” blur the public ‘as a gambler? “It may be a little better to be against the public than the average person, but that idea is not enough to be profitable in itself. ” Use public money as a tool, but don’t turn it off blindly, because it’s something that says your favorite betting personality and it sounds nice.
Withdrawal: Use or Leave?
The last addition to the betting options is the chance to make money. It can be used as a safety net for some if they see things as very dangerous by charging or clicking the button to “save less” to save your money. But does using the money-making feature really hurt you? “For the most part, sports books will apply more force to bets marked as income.” Remember, you have to think about price first when betting. “It’s a very good rule of thumb to block a profit” if you want to make money, it will probably cost you money over time. “
Given that withdrawing money is just a new bet, unless you are really good at live betting or second-half betting, then “the safest way to make money is to pay a fee to the sports book for the privilege of getting your money out and play accordingly.”
Are revivals a game or an extinction?
Am I alone or are the impulses promoted always lost? “Sports books don’t have to know whether bets that promote crystal balls will win or lose.” Ugh. Okay, so there is no conspiracy. However, as with all other bets, the answer is whether or not you need to get involved in a push. Use Miller’s example to help determine if a boost is a good option.
“Say a bet usually pays +300 and some math suggests that it should be around 20 percent of the time. It’s a bad bet because you expect to win only once for every $ 500 you bet and cash a $ 400 card.
You will lose an average of $ 100 for every $ 500 you bet.
If a sports book raises a game to +350, it’s still a bad bet, because even though you now pay $ 450 to $ 400, you expect to lose an average of $ 50 per bet for $ 500.
If a book raises a bet to +450, now it’s a good bet because you’re charging $ 550, which is more than $ 500 investment. “
Sometimes I fall into a fall where I might take the bets “too seriously”. Look, we all want to win and lose, but Miller says, “Betting is for entertainment.” If you bet $ 10 or $ 1,000, the same goes for everyone. “The moment you stop having fun with it is the moment you need to seriously consider whether or not you want to keep doing it.”
This is just part of the list “Sports Betting Logic ” must offer. It’s a good reference when you’re stuck, when you need a refreshment, or when you’re trying to expand your knowledge base into a new skill. We’re all trying to make better sports bets, and Miller and Davidow have written something to help make that happen.