New gambling record: Betting on outcome of Brexit vote

But the importance, drama and uncertainty that have surrounded this vote have made it a spectator sport in its own right. It has become increasingly popular, particularly to bet on financial markets.

“If we are going to remain in the E.U., at least I will take compensation,” said Jones, who expects to get 3,000 pounds back in profit in such an event. All Rights Reserved. Spread betting, on the other hand, does not provide a simple win or lose outcome, but can provide payoffs based on the accuracy of the bet. That’s particularly true since pollsters have missed badly in measuring sentiment before some of Britain’s most recent votes, the last general election and the Scottish referendum.

© 2016 The Associated Press.

LONDON — As if the stakes were not high enough in Britain’s nail-biting vote this week, people are betting record amounts of money on its outcome.

Betfair, bookmakers Ladbrokes and Paddy Power and the Betting Research Unit at Nottingham Business School all estimate that the total value of bets on the vote placed in Britain will reach, and likely exceed, 100 million pounds.

Thursday’s vote on whether to leave the European Union, which will have lasting consequences for the country and Europe, is due to break the record as the most bet-upon political event in Britain’s history. This material may not be published, broadcast, rewritten, or redistributed. The referendum also outmatches the 35 million pounds placed on the 2014 World Cup Final.

Betfair allows people to place wagers against each other rather than setting odds like the traditional bookmakers. Polls suggest it is too close to call, while bookies give the “remain” side a higher chance of winning.

Betting is his way to get in on the drama because as a foreign citizen from China he will not have a right to vote. While the polls show this week’s vote is too close to call, bookies like Betfair are giving the “remain” side a 76 percent probability of winning. presidential race, which was its previous record for a political event. referendum betting already hit a record for a political event days ago for Betfair, bookmaker BetFred and IG, the largest provider of spread betting services.

Betting exchange Betfair says it had taken 45.8 million pounds in wagers on the E.U. The industry is expecting 100 million pounds, or nearly $150 million, to be wagered by the time the result is known in the early hours of Friday.

The betting has also gained the attention of global investors as a gauge of the likelihood of an event’s outcome. He was back in the betting shop this week to place additional wagers on behalf of three American friends.

The bookies’ odds have largely been in synch with global financial markets. That’s reflected in financial markets, where stocks and the British pound are relatively buoyant one day before the big event.

E.U. Ladbrokes has seen a tenfold increase in recent years.

Such betting fever is normally associated with major sports events, with people here habitually placing wagers online or in betting shops on everything from horse races to football matches. He intends to vote to leave the E.U., but has placed bets on “remain” to at least get something in case of his side’s defeat.

“This is a historical event, and I want to take part in it,” said Can Zhao, an investment researcher who last week placed a 135-pound ($198) bet on “remain” at a Ladbrokes betting parlor near London’s Kings Cross train station.

“This is comfortably the biggest political betting event in history and dwarves both the general election and the Scottish referendum,” says Lewis Davey, spokesman for Paddy Power, referring to the Scottish vote on independence last year.

Betting on political events used to be a niche area in the gambling industry but has become more widespread, particularly in Britain.

For Stephen Jones, 55, betting is a form of insurance against disappointment. That surpasses the 40 million pounds placed on the 2012 U.S. “But my big win is to leave the E.U.”

. vote as of Wednesday and expects a final amount of 50 million pounds Read More

A Business Opportunity For New Investors

The more capital an investor sinks into a trade, the more that trade then compounds. Add to the fact that you’ll have to constantly monitor your trades, and it’s enough to make any novice investor want to pull out his hair in frustration!

Yet there is an incredible business opportunity for new investors that will not only add a healthy bottom line to their portfolios – it’s relatively low-risk as well.

To learn more about how sports arbitrage can earn you the kind of online income that you’ve dreamed about, visit CSI Arbitrage today!

Are you ready for the rundown on sports arbitrage? These investments are a low-risk, high yield operation because investors find price differences in the market, then use those differences to earn a substantial profit. Additionally, it’s important to note that sports arbitrage has always seen compounding rates between one to five percent, even during the market’s worst times. As the typical trade in sports arbitrage sees a compounding rate between one to five percent, this means that investors can quickly generate the kind of income that quickly outstrips their primary salary. Whoever thought of that system, anyways?

Don’t let this incredible business opportunity pass you by – especially if you’re new to the world of online investing!

By: Desmond Jenkins

Article Directory: http://www.articledashboard.com. After all, you’re competing against professionals who trade for a living, which is enough of an intimidation factor. Welcome to the world of sports arbitrage!

As icing on the cake, the yields from sports arbitrage are tax-free, so that healthy bottom line your portfolio is seeing won’t be penalized just because you’re good at what you do. Can you say the same for traditional investments in the stock market?

As a new investor, the world of online investing and trading might seem to be a hostile one at first. The generous income that both new and experienced investors see in sports arbitrage derives from the compounding rate of the trades Read More

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Ex-NBA star went from $108 million to bankruptcy

That’s how you lose your wealth real bad at the beginning,” Walker said.

But like many professional athletes who experience a sudden explosion of wealth, it was all gone in an instant.

CNNMoney (New York) First published July 24, 2015: 9:29 AM ET

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“I created a very expensive lifestyle.

Related: Ex-NFL star: ‘I had to start over and pick up the pieces’

Cars, jewelry and homes: As with many other sports stars, instant wealth meant instant luxury for Walker. We had a ton of undeveloped real estate.

But first Walker had to figure out how he went from fat NBA paychecks to financial rock bottom.

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Before the age of 20, he had won the NCAA basketball championship and was selected by the Boston Celtics as a top pick in the 1996 NBA Draft. He’s working on “Gone in an Instant,” a documentary about his personal boom-to-bust tale. He was named to the All-Star team three times and won the top prize in pro basketball with the Miami Heat in 2006.

As part of his gig with Morgan Stanley, Walker recently spoke to athletes at Boston College and the Seattle Seahawks about his mistakes.

The hope is that these “real-life parables” from Walker and Scott will educate the younger athletes, Drew Hawkins, head of Morgan Stanley’s global sports and entertainment division, told CNNMoney.

“I thought I was set for the rest of my life,” Walker told CNNMoney.

“These individuals are forced to make decisions as teenagers and these decisions impact them for a long time,” said Hawkins.

Related: Andy Roddick: Safe investments can be sexy

Real estate firm goes bust: The real catalyst, Walker said, was the Great Recession.

2) Think about the future, not just the here and now. The economic chaos caused the implosion of Walker Ventures, his Chicago real estate firm. “Be prepared to use that word a lot,” he said. He estimates he helped about 30 people move to “better situations.” He gave cash to many of them — often without holding them accountable. A year later he pleaded guilty to felony bad check charges, according to court filings. “My story is sad. Instead of thinking about the future, he spent lavishly on cars, jewelry and homes. He ended up being forced to pay back about $20 million to banks. Walker and former NFL linebacker Bart Scott recently teamed up with Morgan Stanley Global Sports & Entertainment to bring real-life lessons to today’s players.

“We got caught in the recession. Walker quickly became a basketball superstar.

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Thanks to his on-the-court success, Walker made more money playing the sport he loved than he could even dream of when he grew up in a poor Chicago neighborhood. It went bad. “It ended up being an open ATM throughout my career.”

He also lost large sums of money gambling, although Walker insists this wasn’t the main cause of his financial collapse and that media reports are overblown. Despite pulling down more than $108 million during his career, Walker filed for Chapter 7 bankruptcy in 2010, just two years after retirement.

“I gave them whatever they wanted and spoiled them.

Advice for today’s stars: Walker has two simple pieces of advice he hopes the younger generate walks away with.

1) Get the word “no” in your vocabulary when dealing with friends and family. “You can still enjoy your life to the fullest, but let’s preserve some of that wealth for your kids — and for their kids,” Walker said.

As if that wasn’t bad enough, Walker had unwisely put up his personal financial portfolio as collateral.

Given his humble beginnings, Walker wanted his friends and family to enjoy his riches as well. You can’t do that,” Walker said. Walker didn’t serve jail time due to a plea agreement, but the former NBA star was ordered to pay off gambling debts. The banks wanted their money back,” he said. It’s sad to see other guys work so hard throughout their life — and then they just lose it in two or three years.”

That’s why Walker, now 38, is now working to steer young athletes away from the mistakes he made.

Related: Tiger Woods is THE worst highest-paid athlete

Real-life parables: Now that he’s out of bankruptcy, Walker is working to educate future sports stars Read More

‘Arbitrage’ should put Richard Gere back on the movie star map

Roth is coarse as he cuts through all the seedy economic and legal details, desperately trying to stick evidence to the sly and slithering Miller. In a shady move to make his company look profitable and enticing to potential buyers, Miller borrows half a billion dollars from an associate (played by director William Friedkin) to temporarily store in his accounts. Miller’s scheme is mere inches from success when he accidentally kills his mistress (Laetitia Casta) in a car accident, bringing forth questions from the police and his wife (Susan Sarandon).  He works hard to avoid NYPD Det. That’s both a testament to Gere’s performance as much as Jarecki’s screenplay.

Richard Gere cooks the books in “Arbitrage,” an elegantly crafted potboiler that fires on all cylinders, giving the “Officer and a Gentlemen” star his juiciest role yet.

Gere is superb at portraying the sliding scale of success. On top of all that, Miller must hide his fraudulent business dealings from his heir-apparent daughter Brooke (Brit Marling) and try to negotiate his buyer into purchasing his failed company. Susan Sarandon gives a noteworthy performance as Miller’s wife. We witness him consciously make terrible choice after terrible choice, like a tragic hero. No matter which road he takes, Miller is on his way to a very bad place. Bryer’s (Tim Roth) scrutiny while working the legal system to get his patsy (Nate Parker) off an accomplice charge. Though he is a pretty rotten person and quite conscious his actions are destroying everyone around him, it’s hard to not have a modicum of empathy for Miller. She expertly turns a seemingly non-existent role from the first half of the film into a heavy-hitting, blood-boiling performance by film’s end.

“Arbitrage” is a resurrection of sorts for Gere. He is a perfect fit for Robert Miller, just as “Arbitrage” is a perfect fit for the star.

. He keeps up the façade of a sparkling billionaire, but behind those eyes we see raw fear and a conscience devouring itself.

“Arbitrage” opens in theaters and is also available on-demand on September 14.

Gere is wonderfully contrasted by the gutsy and grimy performance by Tim Roth as Detective Bryer. With a sale pending, his associate demands his money back, against Miller’s protests. Miller is then caught in a series of escalating nightmares, from an affair gone wrong to the looming merger deadline to becoming the target in a police investigation.

Jarecki fashions a wonderful Shakespearean character with Miller. When things are going strong for Miller, Gere gives us a raucous, pompous performance of a man deifying himself. Gere really shines, though, as Miller comes close to losing everything. Jarecki gives us a fascinating look into the mind of a financially and morally bankrupt individual.

Gere delivers his best performance to date as Robert Miller, a hedge fund magnate secretly on the brink of bankruptcy.

Director Nicholas Jarecki’s first feature shows that he is a master juggler, keeping many equally intriguing threads of the story in the air without ever letting them fall Read More

Panama Papers reveal George Soros’ deep money ties to secretive weapons, intel investment firm

Carlyle’s partners include ex-heads of state and former CIA officials. The New York-based charitable foundation supports hundreds of advocacy groups, academic research and investigative journalists that align with Soros’ oft-stated goal to promote globalized capitalism and democracy.

. regulators, according to leaked documents.

Soros is certainly newsworthy. But in the mid-1990s, Soros Capital bought several SEC-regulated firms, an act which required it to disclose the basic design of the Quantum network of interlocking offshore companies and bank accounts that shield Soros’ billions.

On May 9, client data stolen from the Mossack Fonseca law firm in Panama was published online by the ICIJ as part of its Offshore Leaks database. Five years later, he exacerbated a regional economic crisis by betting against Thai and Malaysian currencies. But he remains a potent political force.

Billionaire George Soros, who has spent millions of dollars financing Democrats and left-wing causes, used a controversial Panamanian law firm to establish a web of offshore investment partnerships that operate around the world and out of the scrutiny of U.S. Billions of dollars in profits from Soros’ currency-pummeling moves flowed through the Quantum Group of Funds.

FoxNews.com has requested access to that data.

Three offshore investment vehicles controlled by Soros are catalogued in the Panama Papers. And Secretary of State Clinton’s emails reveal that Soros has lobbied her on behalf of his interests, which encircle the globe, mostly in the dark.

On the other hand, the Panama Papers’ leaker, known as John Doe, said that he had exposed the vast cluster of offshore firms and bank accounts, because “income inequality” and “massive, pervasive corruption” are “the defining issues of our time.”

News stories about offshore bank accounts revealed by the Panama Papers brought down Iceland’s prime minister last month. AIF combines private investments with public funding contributed by Asian governments to develop massive infrastructure projects. Heads of state, Hollywood stars, heiresses, arms dealers and drug lords who established secret offshore companies and bank accounts are outed almost daily by the ICIJ.

The so-called Panama Papers, a trove of 11.5 million financial documents tracing the Mossack Fonseca law firm’s efforts to help politicians, celebrities and criminals shield their money from taxes, contain links to Soros, who funds the journalism group that is disseminating the information. He is the largest donor to Hillary Clinton’s campaign for the presidency, plunking down $8 million, so far. The ICIJ’s leader, journalist Gerard Ryle, said he had not noticed Soros’ companies in the Offshore Leaks database until FoxNews.com called the matter to his attention.

Because it is based offshore, the Quantum Group of Funds is not normally subject to regulation by the United States Securities and Exchange Commission. Soros Finance, Inc. was incorporated in Panama; Soros Holdings Limited was set up in the British Virgin Islands and a limited partnership called Soros Capital was created in Bermuda.

The laws of Panama, Bermuda, the British Virgin Islands and a score of “tax havens” allow foreign firms to hide ownership of cash, real estate and other assets from securities regulators and tax collectors in the countries where they are physically headquartered.

“I suspect we would have more information [on Soros] because the public database … His Open Society Institute is one of ICIJ’s main funders, granting it $1.5 million last year. Incorporating a business offshore is not illegal, but President Obama has called for the tax loophole to be sealed shut, saying everyone should “pay their fair share.”

Soros, 86, is worth an estimated $25 billion. In 1992, the self-styled philosopher-economist nearly bankrupted the Bank of England by manipulating the price of the pound. The Panama Papers data reveals only the tip of Soros’ offshore iceberg, the Quantum Group of Funds. taxes (his spokesperson, Michael Vachon, declined to answer that question), but the billionaire donates lots of money to Democrats who write and enforce the tax laws. The database links Soros Capital to Dongya Ports Limited, owned by a tangle of offshore entities.

Soros Capital set up an offshore company in the Cayman Islands for the purpose of investing private equity with the Carlyle Group, alongside members of Saudi Arabia’s Bin Laden family. In the 2004 presidential election, he contributed $24 million to George Bush’s opponents. The searchable database contains a portion of the offshore financial records given to the journalists by anonymous whistle-blowers since 2013; it does not include leaked emails and other explanatory data that ICIJ reporters use to write about the offshore financial holdings of newsworthy individuals.

In 2014, Soros donated $381 million of Quantum Group of Funds shares to his Open Society philanthropy. does not contain the underlying data,” Ryle said in an email FoxNews.com.

Offshore Leaks does not include SEC information, but it reveals Soros Capital as a major investor and corporate officer of AIF (Indonesia) Limited. In July 2011, Soros closed the multibillion-dollar fund to all but members of his immediate family, allowing him to escape the Dodd-Frank Act mandate for hedge funds to disclose investors and conflicts of interest. So far, the International Consortium of Investigative Journalists (ICIJ) has been silent on its benefactor’s ties to the law firm.

Soros is the sole proprietor of Manhattan-based Soros Fund Management LLC, which controls his offshore empire. The private equity partnership specializes in buying and selling weapons manufacturing and intelligence gathering companies with government and military contracts and it also uses secret offshore companies to conduct business.

Soros’ offshore companies may not pay U.S. A few months later, Soros lost the final appeal of his 2002 conviction by a French court for insider trading. He has donated “up to $1 million” to the Clinton Foundation Read More

A Beginners Guide To Betting On Greyhound Racing

Online betting sites with “racebooks” set the greyhound racing betting odds.

The odds are available through the race and are created by the sports books. Many times, these prizes are outlined with the bet that is being made, allowing even beginners to determine the potential prize that is available with the bet that has been made.

Many online racebooks allow the bettor to take part in betting practices without actually being in the local area, as they can showcase the matches online with the use of the streaming video that can be presented to clients, allowing the clients to watch the races that are being bet on, with ease.. There are often multiple dogs that are involved in the race and the bets are made on the position that the dogs are going to arrive over the finish line. It is important to realize that the odds given for the race are accurate and the odds makers have years of experience in determining the results of the race and therefore the odds should be considered accordingly.

How can you determine what the prize will be once the bet has been made? The prize that will be given to the successful bettor depends on two factors; the amount that has been bet and the odds that are placed on the bet that has been made.

Choosing between the many greyhound racing websites that are available is simple, when the reputation of the website is compared with the races and the bets that can be made.

Using the odds and learning about the dogs and the specifics of the sport can be a great way to get into greyhound racing betting online.

Using these two factors, greyhound racing betting sites will determine the prize that is going to be awarded. These odds are going to determine the likelihood of a certain dog coming in a certain place through the race.

The important odds to consider are the first, second and third for most bets that are being made. As one of the most popular types of animal racing in the world, greyhound racing betting has many different types of bets that can be made with many different types of outcomes Read More

Please, Someone, Cast Him In A Science Fiction Movie

I said, “Applesbee? “Applebee’s? What is it?”

That’s true. The things he does are human. I’ve never — those few instances, it didn’t show up on film.

The topic came up during a discussion of “Star Wars,” which — hard as it may be to picture — Gere saw in theaters back in 1977. I certainly have had very few times, but I’ve had times where an actor and I did not fit. I was 15 and had to sneak in by buying a ticket to “Teenage Mutant Ninja Turtles” instead.

[Laughs] How did the date go?

I was worried this movie was going down that Bernie Madoff-type road, but that’s not what this is at all. But he made one horrible decision. This is a movie with an independent distributor. And I think that’s why, in a way, we root for this guy and we identify with him. 7)

After the accident, Robert flees the scene. And that’s more like this character. And I said, “OK, let’s just do it head-on.” And we talked a little bit about him, [how] he’s a sociopath, he’s crazy. What’s the fault? These are Shakespearean characters. He just lost the bet. “The Hoax” is one of my favorite movies that I’ve made, and very few people have seen it. Not the ones who Ponzi scheme and lie. We all make bad decisions.

Somebody, please cast Richard Gere in a science-fiction movie! Sure, it’s hardly the first genre that comes to mind when you think of the suave, intellectual star of “Pretty Woman” and “An Officer and a Gentleman,” but he says he’s game. The best people were trained in his office, came through the stuff he was pushing and working on his entire life. And then I read it and thought, What was I thinking? This is perfect.

That was my first date. It was made with independent money; it didn’t have a distributor when we made it. So this stands out, in a way, as being: “Wow, this is a rarity.”

So Michael Fassbender does a movie like “Shame” and that leads to something like “Prometheus.” I feel like you never went down the sci-fi or action-movie role. But sci-fi? Yes. The guys who make big bets and win. I’ve worked in Washington now for almost 30 years. The first feature from writer-director Nicholas Jarecki, “Arbitrage” also stars Susan Sarandon as Miller’s wife, Brit Marling as his daughter, Tim Roth as a hard-boiled police detective on his trail and Nate Parker as a family friend who pays a heavy price for helping Miller in his hour of need. It’s not a festival movie by design. But we’ll have to wait to see him in a galaxy far, far away, because right now he’s promoting “Arbitrage,” out Friday, in which he stars as Robert Miller, an über-wealthy hedge-fund executive frantically trying to keep the pieces of his complicated life from falling apart. We all shave taxes — white lies to our wives and lovers. This isn’t a festival movie.

What movie was most important to your career? “An Officer and a Gentleman” or “Pretty Woman”? Or maybe “American Gigolo”?

It was the first one, for me. This person doesn’t work.

. Chappaquiddick. and said, “Let’s make this movie.” It’s “Days of Heaven.” That, to me — it didn’t have anything to do with anyone else; it had to do with me. I remember Julia and I saw it together in a preview and we were sitting next to one another laughing and moved with everybody else. Terry Malick called me up in my hotel in L.A. You can contact him directly on Twitter.

So that was a surprise?

The degree that that has been embraced universally, the whole planet …

The CEO of J.P. They really are. When Lasse called me up and said, “Look, I’m involved with this movie,” I said, “I read that script.” And my first thought was, No, it’s not for me. You don’t get along. And either it doesn’t fit the story or it’s written all wrong or something, and you get a sense that there’s something that’s not really happening. The mix of people and story, and the way Garry Marshall was able to kind of corral it within his worldview, felt really good. But you’d never see it in the film.

Maybe that’s for the best.

I’ve never conceptualized a career.

But there’s already a lot going on.

I think it took you off of that one track that, maybe, you felt like, “I know this very well.” You don’t see it coming.

It’s creepy, though.

It’s creepy. I like the movie. They’re working on human-rights stuff, they’re working on health stuff, they’re working on civil-rights stuff. But, in the end, they were in the realm of rational business. This is like “Coriolanus” or something — “Richard II.” Big characters. And I wanted to be genuinely creepy. Except for maybe “The Jackal.” Did that interest you?

The action thing was not an interest to me. A studio picture. Not tricky creepy, but sick creepy.

He does some terrible things.

Yeah, but we all do. Horrible, horrible decision. The only vaguely sci-fi thing I did was “Mothman Prophecies.” Not a terrible movie. And if I do, I’m going to fix it because I’m a lord of the universe.”

“Arbitrage” played at Sundance and didn’t come out of the festival with the hype of something like “Beasts of the Southern Wild.” Can too much festival hype be a bad thing?

Well, you know, that was a festival movie. I kept saying the line wrong. It’s large compromises with ethics and morality the guy does, but it’s all within the realm we all do. We used to have a line where I talked about Madoff. The scene in the park with my daughter, where I explain to her what happened — I certainly spin it in my favor. He made a big bet and he lost. There’s some things Read More

10 Tips for Betting on Football

In fact, sports bettors must pick 52.4 percent winners just to break even.”

Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.

2.

While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season. “Most people prefer to bet on the ‘better’ team, the one that will probably win the game. “There will be more discrepancy in the numbers at different sports books. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years.

“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says.

7. “If you listen to their advice, you are sure to lose. “As for me, the best bet in football is betting the point spread or over/under totals on individual games. So underdogs tend to be slightly undervalued – except by the sharps.”

So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below.

Certainly not back into the pockets of the average bettor. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites.

“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says.

“A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains. Chasing losses is the fastest way to the poor house.”

“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says. Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points. Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. Oakland comes to mind) seem like the Super Bowl. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline. To be a successful sports bettor you need to operate with a clear mind.”

Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”

9. “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005). “Teams play inspired ball at home. Not all games work according to this formula, but it is usually a good rule of thumb.”

Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.

But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.

6.

Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks.

So, how much should you bet a game?

“The talking heads on TV know nothing about sports betting,” says Sevransky. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says. Slim underdogs regularly win outright. If North Texas is his best bet on a Saturday then that is his bet. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”

“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says.

“There is probably no better bet in sports than playing an underdog at home,” Moseman says. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”

1. Big underdogs often find ways to cover the spread and they rarely give up toward the Read More

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