Turning Gambling Into A Profitable System
She is convinced that just running the math she could turn her husband’s gambling into a profitable system. And to do this she created the SoccerWidow.com blog to register her week to week results. It worked. She returned a nice profit. She was also a writer for BetFair. Covering the German Bundesliga and the English Premier League. Many found success betting during the World Cup thanks to Elena’s odds. Understanding statistics and leaving emotions out of it it’s her formula for successful sports betting.
After this experiment, she began to post her methods and tutorials on how to bet using probabilities. She no longer bets on her own. During this period she became known and was hired by Betway Germany to be one of their tipsters, during that year she was very successful at this before Betway Germany was shut down.
Fundamentals Of Sports Betting Takeaways
Risk management is vital to success at handicapping
Elena has an entire article on risk management how variance can affect your bankroll. It’s one of the aspects of sports betting we stress most to our readers. Lack of bankroll management dooms even the best sports bettors. No matter what sport you’re betting, establish a bankroll management and staking plan and stick to it.
Public opinion matters when it comes to creating betting odds
While you may find value bets due to the oddsmakers moving their prices in line with a public betting opinion – this is not always a recipe for profits. It can be difficult to determine when bookmakers are shading their odds towards public betting action. Often, sharp bettors will move the market in the other direction, rather quickly.
Opening odds are far less accurate than the closing number
We talk about this extensively when breaking down the NFL odds each week. The reason you can bet more on NFL odds as we get closer to the weekend is that the closing line is sharper than the opening numbers. If you see a big difference in opening odds from your numbers, then it can be time to pounce.
Emotions need to be left out of sports betting
It’s something we mention a lot in our pages, but it bears repeating. You shouldn’t have any bias towards your hometown team or a particular player.
About the Author
Joseph Falchetti
Editor-in-Chief, Pro Sports Bettor and Casino Expert
Joe is the author of the majority of sports betting pages on SBS and he serves as a gambling consultant to our content team. He's been mentioned on Forbes.com as a gaming analyst, and his articles have been linked by larger publications, such as the New York Times.
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