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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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PERTH GLORY VS WESTERN SYDNEY BETTING EXPERT FOOTBALL

Could it be that a seemingly dumb bookie is actually dumb like a fox? To find out, we visited Chuck Esposito, a genial, quick-witted and thoroughly sports-fixated man who runs the race and sports book at Caesars Palace in Las Vegas. Esposito, 43, is a rare breed: a legal bookmaker. The money bet on sports at Caesars and other Nevada casinos is meager compared with the wagers made through illegal bookies and quasi-legal Internet casinos.

Nevada, the only state that allows wide-scale sports betting, takes in perhaps 1 percent of the total United States sports-betting handle. But with legality comes some measure of transparency, which makes the Caesars bookmaking operation worth studying. The lounge where bettors congregate at Caesars is vast and thriving; six jumbo TV screens tower above the betting counter. Tucked behind all this is Esposito's windowless office, decked with sports memorabilia from his native Chicago.

He is monitoring today's games on his own TV sets, seven small and aging models. Without checking his computer, Esposito knows full well which teams need to win today for Caesars to make money. How do things look so far? The most certain way for a bookmaker to turn a profit is to balance his book -- that is, to set a point spread that produces an equal number of dollars wagered on both sides of the line. Since only losers pay the house a 10 percent fee known as the vigorish, or vig on top of wagers, a balanced book guarantees the house a 5 percent gain.

The conventional wisdom holds that bookmakers set point spreads to achieve this balance. The point spread is the equalizer, but you still can't talk the public into betting one side or the other. The reason the public can't be talked into betting a particular side, at least not too often, is that the public has biases. For every bettor smart enough to stick to home underdogs, there are 5 or 10 bettors who systematically prefer favorites or who underestimate the impact of home-field advantage.

It isn't clear why bettors prefer favorites, but such a tendency characterizes most betting against a spread. Then there are the bettors who disproportionately take the "over" in an over-under bet in which a bettor wagers on the total number of points scored in a game , presumably because, when it's time to watch the game you've bet on, it's a lot more fun to root for points to be scored than for points to not be scored.

So does Esposito exploit those biases to increase his winnings? I hear that all the time: 'You know who's going to win. In determining where to set the opening line, and when to adjust it, Esposito works hard to read public sentiment. One good clue is when a team's jersey starts to spike in popularity among Caesars customers. This season it was the Cincinnati Bengals and the Chicago Bears. He notes which teams, despite their success, fail to become "public" teams.

The Seattle Seahawks and the Carolina Panthers. But the most valuable tool is what Esposito calls "booking to faces" -- that is, monitoring the betting counter to note which bettors are placing which bets. By Esposito's estimate, about 20 percent of the money bet on football comes from sophisticated bettors -- the "sharp guys" -- with the remainder. The trick is to set a line that will satisfy both constituencies and make the casino lots of money. Unfortunately, Esposito couldn't open up his books to show us just how this plays out at Caesars.

Transparency has its limits. But a different set of data, taken from a handicapping contest run by the online casino CaribSports. In these data, bettors made more than 20, wagers on N. What do these data show? The bettors exhibited the typical preferences mentioned above -- a strong bias toward favorites and a weaker one toward visiting teams. The bookmaker, meanwhile, didn't merely acknowledge these biases and balance the book down the middle; it appears that the bookmaker strategically set point spreads to exploit these biases.

How does this work? Let's say that a bookmaker is handicapping a game between the Broncos and the Pittsburgh Steelers. He first studies every conceivable element of the game: strengths and weaknesses, momentum, injuries, tendencies, weather forecast, etc. He then decides that the true line -- that is, a line that he figures will give each team a 50 percent chance of winning the bet -- happens to be Denver minus 7 points.

To illustrate just how sneaky and deceitful touts can be, consider this. Touts will have a list of members who have signed up and purchased their picks, typically via email or phone number. One of the most notorious games touts play is sending out one side of a bet to half of their member list and the other side of the game to the other half of their member list. This is called "double-siding" and is considered the other trick in the tout playbook.

The tout has members paying for his picks. He sends the Red Sox as a pick to the first 50 members in his list and then sends the Yankees as a pick to the second 50 members. No matter what happens, half of the member base is guaranteed to win, which means at least half of them will stick around and continue to buy picks. In a Sports Illustrated expose on sports betting touts, Rick Reilly summed them up like this: "In a world of cheats, cons, grifters, swindlers, carnival barkers, and people you would not want to change your fifty, the brotherhood of so-called sports advisers is a gutter unto itself.

But what if you locate that diamond in a rough handicapper who documents all of their plays truthfully, is honest with their records, doesn't oversell their performance and turns a consistent profit? That means you should buy their picks, right? Not exactly.

Even if the handicapper is legitimate, the deck is already stacked against you as a picks purchaser. Even if the handicapper has a profitable season, you may not even be able to offset the initial cost of the subscription. If the handicapper has a mediocre, average or below average season, you are down even further. Another negative about about buying picks is the fact that unless you bet the game immediately once you receive the pick, the line could move and you could miss the number.

For example, let's say a pick is released at 7 p. Unfortunately you are busy and can't bet the game until p. By now, the line has moved to Broncos -3 and the value is gone. If the Broncos win by 3, you push your -3 bet even though the picks service counts that as a win at Even if you find a legitimate, successful handicapper, you need to be tied to your phone and email at all times awaiting picks. The idea of buying picks makes sense in theory. Maybe you like having action on a game, but you have a day job and busy life and don't have time to do the research on your own.

So why not pay someone else does all the work for you? They send you winning picks and you bet them and make money. Unfortunately that just isn't the case. Touts and scamdicappers really started to pop up in the s with the advent of the internet. Following the Supreme Court decision to strike down PASPA, millions and millions of new bettors are entering the market for the first time. This is a gift to touts and scamdicappers, who now have millions of new bettors to try to prey upon and dupe.

In a way, it's like the Wild West of the early internet days all over again. Throw in the fact that touts and scamdicappers can promote themselves endlessly on social media like Twitter and Instagram and it becomes a perfect storm that new bettors can we swept up into. The safest and best course of action is to avoid touts and scamdicappers entirely. Instead of paying someone else to make your picks, devote that time, effort and capital into learning how to make smart bets on your own.

It's a long and arduous journey, but you can get there. Headlines View All. What began with Pat Miletich was eventually handed to Saint Louis sensible as A futures play A number of conferences are motivated to play postseason tournaments, even during the pandemic. The Atlantic 10, which over the last few years has battled A long shot 10 months ago turned into The two ran a quick hand-off Monday Myths: They Knew Or Did They?

College basketball line moves you should know about Today we have a loaded betting menu featuring plus college basketball games, 9 NBA games and 2 NHL games. For an updated breakdown of Wednesday's

SUCCESSFUL HORSE RACING BETTING STRATEGIES

Tucked behind all this is Esposito's windowless office, decked with sports memorabilia from his native Chicago. He is monitoring today's games on his own TV sets, seven small and aging models. Without checking his computer, Esposito knows full well which teams need to win today for Caesars to make money. How do things look so far? The most certain way for a bookmaker to turn a profit is to balance his book -- that is, to set a point spread that produces an equal number of dollars wagered on both sides of the line.

Since only losers pay the house a 10 percent fee known as the vigorish, or vig on top of wagers, a balanced book guarantees the house a 5 percent gain. The conventional wisdom holds that bookmakers set point spreads to achieve this balance. The point spread is the equalizer, but you still can't talk the public into betting one side or the other. The reason the public can't be talked into betting a particular side, at least not too often, is that the public has biases.

For every bettor smart enough to stick to home underdogs, there are 5 or 10 bettors who systematically prefer favorites or who underestimate the impact of home-field advantage. It isn't clear why bettors prefer favorites, but such a tendency characterizes most betting against a spread. Then there are the bettors who disproportionately take the "over" in an over-under bet in which a bettor wagers on the total number of points scored in a game , presumably because, when it's time to watch the game you've bet on, it's a lot more fun to root for points to be scored than for points to not be scored.

So does Esposito exploit those biases to increase his winnings? I hear that all the time: 'You know who's going to win. In determining where to set the opening line, and when to adjust it, Esposito works hard to read public sentiment. One good clue is when a team's jersey starts to spike in popularity among Caesars customers.

This season it was the Cincinnati Bengals and the Chicago Bears. He notes which teams, despite their success, fail to become "public" teams. The Seattle Seahawks and the Carolina Panthers. But the most valuable tool is what Esposito calls "booking to faces" -- that is, monitoring the betting counter to note which bettors are placing which bets. By Esposito's estimate, about 20 percent of the money bet on football comes from sophisticated bettors -- the "sharp guys" -- with the remainder.

The trick is to set a line that will satisfy both constituencies and make the casino lots of money. Unfortunately, Esposito couldn't open up his books to show us just how this plays out at Caesars. Transparency has its limits. But a different set of data, taken from a handicapping contest run by the online casino CaribSports.

In these data, bettors made more than 20, wagers on N. What do these data show? The bettors exhibited the typical preferences mentioned above -- a strong bias toward favorites and a weaker one toward visiting teams. The bookmaker, meanwhile, didn't merely acknowledge these biases and balance the book down the middle; it appears that the bookmaker strategically set point spreads to exploit these biases.

How does this work? Let's say that a bookmaker is handicapping a game between the Broncos and the Pittsburgh Steelers. He first studies every conceivable element of the game: strengths and weaknesses, momentum, injuries, tendencies, weather forecast, etc. He then decides that the true line -- that is, a line that he figures will give each team a 50 percent chance of winning the bet -- happens to be Denver minus 7 points. But because of bettor bias, perhaps as much as 80 percent of the money will inevitably flow to the favorite.

So what if the bookie sets the line a little higher, at 9 points? Denver is still likely to draw the majority of the wagering, but its chances of winning the bet are now slightly less than 50 percent. The bookie has thus managed to tempt the majority of the wagering toward an outcome that is unlikely, even if only slightly, to happen. Over time, this pattern will yield the bookie a gross profit margin 20 to 30 percent higher than if he had simply balanced the wagering.

In other words, why should a bookie play for the safe 10 percent vig when he can play it only slightly less safe and make much more money? Chuck Esposito, though he is too smart to come out and say so, seems to be doing precisely the same thing at Caesars. The short answer is no. Handicappers are a dime a dozen and only a small minority are legitimate, transparent and successful long term.

The vast majority of handicappers that sell picks cannot be trusted and should be avoided at all costs. The dirty little secret with handicappers who sell their picks is that their number one goal isn't to win bets for their members. It's to get people to buy their picks. Once you've purchased their picks, the handicapper has already won. It doesn't matter if the pick wins or loses, the handicapper keeps the payment. Sure, the handicapper wants the picks to win.

If they win, that increases the likelihood that someone will continue to buy them, which benefits the handicapper long term. However, many handicappers just concentrate on the here and now. If the picks lose and someone stops buying them, there will always be someone new willing to sign up and take their place. As the famous showman, businessman and godfather of the circus P. Barnum once said: "There is a sucker born every minute. Handicappers who use over-the-top tactics to get people to buy their picks are popularly referred to as "touts" or "scamdicappers," which is a four-letter word and just about the worst thing you can be called in the gambling industry.

However, they won't call themselves this. Instead, they will label themselves as "advisors," "experts" or "pro-cappers. They promise the word and always oversell and under deliver. Also keep in mind that true professional bettors and wiseguys aren't in the business of selling picks. They don't want to or need to. True pros are in the business of earning money from the sportsbooks, not their fellow bettors. Touts will go to absurd lengths to get people to buy their picks.

They often appear as used-card salesmen, using faking names, fancy cars, throwing around wads of money and showing off scantily clad women to get new bettors' attention. Almost all touts lie about their won-loss records. They pretend to be industry experts, promising and promoting unrealistic win percentages with any documentation of past performance.

They hope you take them at face value and accept their wild and outrageous claims as truth. Right off the bat, if a tout doesn't show a complete and honest record of all of their picks, be suspicious. And even if they do, who's to say the record is real and hasn't been doctored?

As the saying goes, don't believe anything you see on the internet. Another red flag is hearing touts call their picks "guaranteed winners" or "locks," which don't exist. After all, there are no guarantees in betting. You might also hear terms like "five-star lock," "play of the month," "play of the year," "50 unit bomb" or "whale play" in an attempt to sucker in new sign ups and clicks.

They will list an number and say "call now! To illustrate just how sneaky and deceitful touts can be, consider this. Touts will have a list of members who have signed up and purchased their picks, typically via email or phone number.

One of the most notorious games touts play is sending out one side of a bet to half of their member list and the other side of the game to the other half of their member list. This is called "double-siding" and is considered the other trick in the tout playbook.

The tout has members paying for his picks. He sends the Red Sox as a pick to the first 50 members in his list and then sends the Yankees as a pick to the second 50 members. No matter what happens, half of the member base is guaranteed to win, which means at least half of them will stick around and continue to buy picks. In a Sports Illustrated expose on sports betting touts, Rick Reilly summed them up like this: "In a world of cheats, cons, grifters, swindlers, carnival barkers, and people you would not want to change your fifty, the brotherhood of so-called sports advisers is a gutter unto itself.

But what if you locate that diamond in a rough handicapper who documents all of their plays truthfully, is honest with their records, doesn't oversell their performance and turns a consistent profit? That means you should buy their picks, right?

Not exactly.

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Payout on each way bet In a way, it's latest pop design plus minus betting the Wild West of the early internet days all over again. Is sports betting legal in South Dakota? You might also hear terms like "five-star lock," "play of the month," "play of the year," "50 unit bomb" or "whale play" in an attempt to sucker in new sign ups and clicks. Also, a lot of sportsbooks in the United States will use fractional odds for futures odds. Sports betting is legal in Virginia and residents began betting via FanDuel in January A handicapper is someone who studies games and makes an educated guess on which team is the smarter bet.

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