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Bob used to be considered one of the ihorse betting guide of the best at picks, but nobody has fallen further over recent years than Dr. Bob Sports. Doctor bob sports betting the early s Doctor bob sports betting. Many client now report of and losing streaks after trying his service and his name is slandered across every sports betting forum online. Stop following these loser handicappers, unless you plan on fading their picks. Bob to shame with our daily game day reports that detail all of the information and action from around every active league. This is about strategical investing, not impulsive sports gambling, you need the pros on your side to capitalize on the right opportunity.

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The minus side will pay less than original wager while the plus side will pay more than the original wager. Low scoring sports like baseball , soccer , and hockey are usually bet on using a moneyline. But they are also popular in football. The best way to explain how moneyline bets are paid is with an actual example.

This side of the moneyline bet pays out more money per unit than a wager on the favorite. In this example, the moneyline on the favorite Chiefs was Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered. The two sides of each moneyline wager are essentially the opposite of each other. That said, it might take running through a few examples before fully grasping the payouts.

Moneylines for football and basketball games are often tied to the point spread. When a game has a large point spread it usually has a large moneyline. Both are separate bets but are shown together in a sports wagering app screen and in a brick and mortar sportsbook.

As seen above, lines and odds may be different at various sportsbooks so consider this just an example of point spread line and a moneyline. Moneyline parlays are growing in popularity. A parlay is a single wager that is comprised of multiple results. The amount you bet is completely up to you but this method makes it easier to track, especially for recreational sports bettors, because bankroll management is essential for long-term success.

When betting on moneylines, not every matchup will have a clear favorite or underdog. In fact, oddsmakers may think the game is so close to call that their moneyline odds will be nearly the same. When evenly matched teams square off, it can be close to a toss-up in terms of which side will win. There is almost always an edge to be found. This can also be the case for soccer. Here is an example of moneyline odds for the lower-scoring games:.

Before placing any moneyline bets, an experienced sports bettor will do extensive research into the game. Once a matchup is announced in football, basketball or any sport, sportsbooks will release betting odds for the matchup for the moneyline.

The prevailing theory in sports is that teams typically perform better at home than they do on the road. This data may not be the decisive factor when placing your moneyline bet but it certainly needs to be taken into consideration. Researching a specific matchup and how it could potentially impact the game requires a lot of experience and study but for new bettors, it could be as simple as looking at offense vs defense.

In MLB, how a team fares against left-handed pitching can be crucial. No team goes undefeated except for the Patriots and Dolphins. How else are you supposed to predict the future without knowing your history? Regardless of payout, the main goal for ANY moneyline bet is to win. Making the correct call is the bottom line, so your choices should revolve around which side you think has the greater chance to win. In this matchup, the Bucks are the favorite.

Not all underdogs are created equal. Just like your mama said, you better shop around, especially for moneyline odds. While most of the major betting sites Odds Shark works with are typically in range, you can find slight odds differences, which is why line shopping is essential for a sports bettor.

For example, a matchup between the Lakers and Celtics may see varied odds for the moneyline at two different sportsbooks:. In order to win, your team selection must be successful.

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OLYMPIC TORCH LIGHTING BETTINGADVICE

The results were very interesting as I found how things really work. First, I found a couple of journal papers which allowed me to assemble a small literature review on this field. And yes, apparently, this is a whole research area in which professionals in the field of Artificial Intelligence dedicate their time and effort to improve their Machine Learning ML models. According to Bunker et al. For this data on matches in the season were collected.

The average performance of the NN algorithm was Davoodi and Khanteymoori attempted to predict the results of horse races, using data from races at the Aqueduct Race Track held in New York during January of Tax and Joustra used data from Dutch Football competitions to predict the results of future matches.

In this case the authors also considered the betting odds as variables for their Machine Learning models. While their models achieved an accuracy of This fact made me realise something. Bookmakers have their own data science team. Before I write the first line of code I was determined to find out if this was really feasible. At some point, I thought that maybe it was not legal to use your own algorithms, to which a simple Google search answered that it is allowed. Then I thought about bookmakers and how they regulate or limit the amount you can bet.

This dissertation is where my research stopped. This paper explained how the authors attempted to use their algorithm to monetize and found two main barriers. Therefore, as your ML model points you towards the more certain results, you might always end up with a low benefit. Second, and even more important:. Consequently, when you start to win often, bookmakers will start discriminating against you and restraint the amount of money you can bet.

You have to dedicate a lot of time and effort to make many bets and withstand being flagged by bookmakers. My conclusions are that developing ML models for sports betting is good only for practice and improvement of your data science skills. You can upload the code you make to GitHub and improve your portfolio. However, I do not think it is something that you could do as part of your lifestyle in the long term. Because at the end bookmakers never lose.

Ultimately I ended up not doing a single line of code in this project. I hope that my literature review helps illustrate others. Follow me on LinkenIn. Hands-on real-world examples, research, tutorials, and cutting-edge techniques delivered Monday to Thursday. Make learning your daily ritual. Take a look.

Get started. Past statistics come into handicapping, and in some sports, past performances against that team. So, for example, in basketball, they play each other more often than they do in football, so you would use past performances for your handicap. Handicapping can be as simple or as complicated as you like. People who wager on sports professionally or try will devise their own rating systems and use them to help identify what a line should be.

Ever notice someone only rooting for offense or defense, regardless of who has the ball? It's a wager totally independent of the game's outcome spread or ML. So in that case, and regardless of who wins, they feel that there will be more than 45 points scored, so they would bet 'over' on that. And vice versa, if they felt less points would be scored, they would bet on that. These scenarios often come down to the final minute of the game.

Let's say that the Packers lead late in the game and are trying to kill the clock on offense. Aaron Rodgers hits Davante Adams for a yard reception, Adams runs to the Patriots' yard line and then the Patriots lock down and force the Packers to kick a field goal on fourth down. Those on the over hold their breath. It's good, the game ends Packers and the total skates past Keep in mind that in addition to a game total, most sportsbooks will offer a separate total for the first quarter, second quarter, first half, third quarter, fourth quarter and for the second half.

You may think the game will start very conservatively. In that case, you might wager "under" in the first quarter or half. Also keep in mind that there are other types of wagers called "props" that look at a variety of player-specific or team-specific events.

A popular prop during the NCAA tournament is the first team to score 10, 15 or 20 points. It's just an exciting race to open things up. Now we're getting into "exotics," or types of wagers beyond the traditional kinds. Teasers and parlays are the two most popular variations. To win your parlay, they would both have to cover those spreads.

You can bet more than two teams in a parlay, too; the more teams you pick, the higher the possible payout. For example, a seven-team spread parlay pays out at about But remember -- to win your bet, you have to win all legs of the parlay. So if you nail six Sunday football games, but lose the Monday night game, you can kiss that ticket goodbye. A teaser is similar to a parlay in that you must take two or more teams, and they both have to cover the spread.

The difference here is you get to add points to, or tease, the spreads. In football, one teaser option is to add six points to a spread. Putting it another way, a teaser gives you some cushion, but again you have to be right on every team or "leg" you play. Teasers may seem appealing, but things often don't go the way we expect, so don't be easily seduced by the extra points.

Speaking of points, here's a good spot to mention how the "book" or the "house" takes a cut. Consider that you'll frequently see. That extra 10 refers to the "juice" or the "vig. After all, the sportsbook and its employees have to eat, too -- they are taking the risk with every wager placed. And that's basically why exists. You can bet "in-game" when a bookmaker has a moment to look at what has happened, reassess and offer a new line s accordingly. This type of wagering is becoming increasingly popular.

There are many in-game wagering options. Suppose the total for an NBA game is points before the tip, but both teams come out on fire, on pace to go way past points. The most common pitfall for newcomers comes back to the bankroll, or the amount of money you've set aside for sports betting.

Saying, 'OK, I can't lose three in a row' and betting four times as much on the next game [gets you into trouble]. And you can lose four in a row, or five or six. So, you can't chase it. The other pitfall is a bettor letting his heart get into a place where his mind is -- in other words, falling in love with his home team or his favorite team.

Finally, as in every industry, technology is changing the game. Pretty much every sportsbook, existing or to come, will have a mobile app or online platform. That means if you have access to different sportsbooks, you can do what's called "line shopping," or looking for the line that gives you the best odds on the side or total you like. Think of it like shopping for a new pair of shoes online; find the pair you like and then get the best price on them.

That can make the difference between a winner and a loser. Brett Smiley is the editor-in-chief of SportsHandle. Skip to navigation. FAQ: The basics of sports betting. Kansas City Chiefs. Bucs equal bucks as U. Tampa Bay Buccaneers.

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Once a matchup is announced in football, basketball or any sport, sportsbooks will release betting odds for the matchup for the moneyline. The prevailing theory in sports is that teams typically perform better at home than they do on the road.

This data may not be the decisive factor when placing your moneyline bet but it certainly needs to be taken into consideration. Researching a specific matchup and how it could potentially impact the game requires a lot of experience and study but for new bettors, it could be as simple as looking at offense vs defense.

In MLB, how a team fares against left-handed pitching can be crucial. No team goes undefeated except for the Patriots and Dolphins. How else are you supposed to predict the future without knowing your history? Regardless of payout, the main goal for ANY moneyline bet is to win.

Making the correct call is the bottom line, so your choices should revolve around which side you think has the greater chance to win. In this matchup, the Bucks are the favorite. Not all underdogs are created equal. Just like your mama said, you better shop around, especially for moneyline odds. While most of the major betting sites Odds Shark works with are typically in range, you can find slight odds differences, which is why line shopping is essential for a sports bettor.

For example, a matchup between the Lakers and Celtics may see varied odds for the moneyline at two different sportsbooks:. In order to win, your team selection must be successful. Need more winning picks? The handicapping, sports odds information contained on this website is for entertainment purposes only. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country.

Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. OddsShark does not target an audience under the age of Please visit gambleaware. Google Tag Manager. Low scoring sports like baseball , soccer , and hockey are usually bet on using a moneyline.

But they are also popular in football. The best way to explain how moneyline bets are paid is with an actual example. This side of the moneyline bet pays out more money per unit than a wager on the favorite. In this example, the moneyline on the favorite Chiefs was Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered. The two sides of each moneyline wager are essentially the opposite of each other.

That said, it might take running through a few examples before fully grasping the payouts. Moneylines for football and basketball games are often tied to the point spread. When a game has a large point spread it usually has a large moneyline. Both are separate bets but are shown together in a sports wagering app screen and in a brick and mortar sportsbook. As seen above, lines and odds may be different at various sportsbooks so consider this just an example of point spread line and a moneyline.

Moneyline parlays are growing in popularity. A parlay is a single wager that is comprised of multiple results. The payout for a parlay is greater than an individual wager on each player or game.