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Football Agent Advice

by Tandy Manzer (2019-09-12)

While you become seriously interested in making a profit in sports betting, there are various factors you should remember. Solid handicapping and research are a given, as is a basic grasp of discipline and bankroll management.

Most bettors are aware of the pitfalls of poor bankroll management; that is, they realize that betting a high percentage of their bankroll on one particular game, or chasing losses with larger bets on the next game just isn't a prudent thing to do.

Even as such, there are lots of sports bettors, even people that might qualify as advanced for most areas of skill, who take for granted the significance of the "juice," or vigorish, in the sports betting business.

The juice will be the fee the sports book charges that essentially puts the odds within their favor against the gamblers. The conventional fee is ten percent or -110; in other words, it is important to bet $110 so that you can win $100. If you win, the fee is returned along with the original wager and the sum of the win for a total of $210.

So what is the problem, you ask? Most novice bettors, once they become experienced with this concept, have a tendency to not give it much serious thought. They figure since they intend on winning anyway, what's the big deal about the fee they must pay up front whenever they intend on getting it back?

The fact is, the juice makes a significantly bigger difference over the long haul than you could expect. Within the short run, the juice serves as a sort of coverage policy for the sports books that ensures them a profit whatever the outcome of each game.

Imagine, for instance, that you walk up to the counter and place a $110 bet to win $100 on Team A. The customer behind you in line bets $110 to win $100 on Team B. The sports book has now taken $220 worth of wagers on the game and will only have to pay out $210 in spite of which team wins, guaranteeing the business a $10 profit.

Many bettors mistakenly believe that this profit margin alone is what keeps sports books in business. This isn't entirely true; although the point spread and other odds are set with the hope of drawing "two-way action," or bets on both teams, the juice is essentially a default position for the sports book.

To paraphrase, whenever they receive exactly 50-50 action on each game both in volumes of wagers and amount wagered, the books will gladly accept the ten percent profit that comes with this situation.

Conversely, this scenario is far from a common occurrence. More frequently not, online football agent the books are unbalanced on each game, meaning they have taken more bets on one side than the other. In essence, they're gambling against the bettors, given that they will lose money whenever they side on which they may be heavy wins the game. The sports books stay in business since they win more often than they lose in these situations.

So while the juice only accounts for a portion of the profit for a sports book, it's a serious obstacle that stands between you and long-term success with sports betting.

This is only because beating the point spread on a consistent basis is difficult, and simply breaking even is a losing proposition. By way of example, if you bet $110 to win $100 on six different games and went 3-3, you could think you broke even for the day.

Think again. When you placed your bets, you gave the sports book an overall total of $660 and, despite winning half of them, you are now only picking up $630 whenever you cash your tickets.

Over the long haul, these $30 losses add up and, the better you bet, the greater juice you shall pay. This forces you to win at an increased rate than fifty percent to be able to show a profit.

The break-even point for sports bettors when you factor in the juice becomes 52.5%.

Again, the 2.5 percent edge the house gets from the juice might not seem like much, but let's compare this to other gambling games.

A blackjack player who uses correct basic strategy on every hand may anticipate to break even against the home in the long run. A sophisticated card counter can expect to achieve a 1-2 percent edge over the home. This seemingly slight edge is sufficient to get card counters banned from the casino as soon as management catches on to them.

So if you bet 100 games against the point spread, you need to hit 53 of them to be able to just break even. This really is the equivalent of the sports book going for a three-game lead on you before you bet the next 97.

The goal you need to shoot for is no less than 55 percent, with the hopes of hitting 57 percent or higher over the long haul. With good handicapping and discipline this is possible, but you need to always keep the juice aspect in mind.

You need to count the juice as part of your wager and factor it in as a portion against your bankroll. By way of example, if you bet $110 to win $100 and also your bankroll is $1,000, you are betting 11 percent of it, not 10%. Due to this, it is important to understand your bankroll.

Some sports books, particularly of the on-line variety, might offer a weekly special by which the juice is -105 on a particular day or event. This really is something you should make use of, when you are receiving a product that is worth $110 for $105.

In addition, if sports books are heavy on one side of a game, they might change the juice on each side to generate more action. One example is if a 4-point favorite is heavily bet, they might charge -120 for the favorite and let you take the underdog for even money. Should the underdog will be the side you liked to start with, this is a situation you must make use of.