blogviews's Blog
:
August 2020
The dream is sold that any average Joe
POSTED ON
08/18/20
who likes sports or has sports knowledge or who likes to watch sports can easily play money on a sports betting app. If you have a little bit of sports knowledge and if you watch a lot of sports you might think it's an easy way to make some money. The reality says otherwise, some people even sell the dream that you can quit your day job and just make money by betting on sports alone. Sports betting is a lot harder than it sounds. I'm not saying you can't win money on the short run, I'm not saying you can't go take a weekend trip to Las Vegas and come out ahead betting on sports, it's absolutely possible. You can bet NFL for an entire season or any other sport without any kind of hard coded strategy and come out ahead it's absolutely possible. I'm not saying you can't win money in the short or medium run. I am talking about the long run here. Overtime 99% of people will be ground into powder by either the juice or just by being beat by the books. Sports betting truth number 2 and that is sports betting is hard It takes a huge amount of time the amount, of effort and dedication to make money in the long run betting on sports. There is no get rich quick schemes. If you want to profit long term it is pretty much a full-time job to do. It takes a lot of dedication and most people are not willing to put in the effort. That's the thing, it is not easy, if it were easy sports books would either not exist or the reward’s they would offer on their lines would be so high it wouldn't even be worth betting. Which brings us to sports betting truth 3, the only way to profit long term in sports betting is to have a mathematical analytical statistical model rooted in measurable defined and quantifiable statistics. Even though you might have friends that claim that they make money betting on sports just via there their gut or their instinct or their hunches just going to eyeball the board and just picking out winners. That is not a strategy, but that's probably the most common strategy that people use when betting on sports they just go with their gut, their hunches. It takes a defined strategy to win in the long run. I'm not saying you need a PhD in statistics or data science to be able to create models that will win your money in the long run, but at the very least you need basic math knowledge, basic statistical knowledge and a very basic understanding of Excel functions and or programming in order to be in the ballpark. It is only up to you to decide just how much time and effort you are willing to put into it and see just how much you can make out of it.
