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re: Sports Betting

Posted on 7/19/18 at 12:31 pm to
Posted by Jp1LSU
Fiji
Member since Oct 2005
2542 posts
Posted on 7/19/18 at 12:31 pm to
To answer a bunch of questions that were raised in this thread. I’ve followed sports gambling for about 20 years now. I don’t gamble much and only for entertainment reasons. I have a few friends involved in sports books and a few that work as touts (people who get paid for gambling advice).
Understanding gambling and odds and being able to pick winners are somewhat different skill sets IMO and I often find people good at one but not both.
Handling a bank roll and securing odds are as important as picking games well. Because of juice most gamblers find themselves in a situation where they have to be at least 70% accurate to break even.
As for how lines are determined most people aren’t in agreement on that. How you answer that question will somewhat determine how you react to a line. I’ve already read people on here suggest there are experts with a crystal ball setting lines cause they “know” these teams involved. linesmakers are more like social scientists, they are predicting how people will bet after the line is set. Lines are a product of public perception.
Anyway one site that used to be very good for sports betting chatter is Covers.com. Still have to dig through the forums to find the better posters, but some damn good cappers on there.
Favdog.com is a great site for creating contests for gambling. I play in a few high stake season long contests on there each year.
Posted by bstew3006
318
Member since Dec 2007
12615 posts
Posted on 7/19/18 at 2:18 pm to
I personally believe if you're already looking at lines and liking particular plays before camp has started, camp injuries and starters named, get ready to lose money.
Posted by blzr
Saratoga
Member since Mar 2011
30184 posts
Posted on 7/19/18 at 3:02 pm to
Let us know how you do baw
Posted by LSUTigers00884
Lafayette
Member since Oct 2011
1162 posts
Posted on 7/19/18 at 5:48 pm to
I don’t why you got downvotes.

But I believe you’re 100% right. Vegas must capitalize on public perception in order to make money.

They need 50/50 on each side to make 10%. Any swing on that number (60/40) can affect their earnings by lowering their profit to less than 10%.
Posted by lsuguy13
RIP MATT
Member since Mar 2004
9509 posts
Posted on 7/21/18 at 4:24 pm to
I went to favdog.com to see what you were talking about, and it was a French bulldog website?
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