Sportsbook Whoring

bluewhale

Well-Known Member
#1
Hi,
I've been doing casino bonus whoring for a while now and am looking to expand to include sports betting. If someone knows a good site or a easy to follow step by step strategy for sports betting it will be much appreciated. I know absolutely nothing about sports betting (don't know how the odds work, nothing). I realize how it can be advantageous through bonuses though (make no risk wagers and 2 sports books covering both possibilities of a given game).
So anyway, help here would be appreciated, and i'm sure others would be interested too....
 

ScottH

Well-Known Member
#3
bluewhale said:
Hi,
I've been doing casino bonus whoring for a while now and am looking to expand to include sports betting. If someone knows a good site or a easy to follow step by step strategy for sports betting it will be much appreciated. I know absolutely nothing about sports betting (don't know how the odds work, nothing). I realize how it can be advantageous through bonuses though (make no risk wagers and 2 sports books covering both possibilities of a given game).
So anyway, help here would be appreciated, and i'm sure others would be interested too....
Bonus whoring is a much less lucrative thing now that the new legislation is passed. It is dangerous to be depositing money into the many small sportsbooks.

There are some good reputable books left, but I don't think it would be too profitable in just bonus money. Although sportsbetting can be a good business if you become a sharp bettor.

I will say this, it is possible to be a sharp sports bettor without knowing anything about sports... :cool:
 
#4
sports betting

I don't know how lucrative it would be, but for your basic sports bet, betting on the "spread", as it were, bets are usually taken at -110, which means basically if you bet $11, you win $10 on a correct bet (keeping your original bet, of course). This is where the house makes its money, since you can bet either side. [So, by your system, you'd be guaranteeing that you'll lose $1 for every $11 you bet.] Favorites are listed with a negative number by them, which is how many points you subtract from their final score before determining the winner "against the spread". If the favorite won the actual game by exactly that many points, the spread creates a tie score, and the bet is a push. Beware, however, that casinos are trying to crack down on bonus "abuse", as they call it, and many, even competing(sp?) online casinos are working together to help prevent people from taking "unfair" advantage of promotions. However, with some good, low risk bets, you can still turn some profit off of the bonus, however small it may be. The "wizard of odds" suggests on his site that one system that statisically has beaten the house edge is betting on home team underdogs in the NFL. His stats were based on the past 20 years, I think. I did a little unscientific looking myself, and if I am correct, home team underdogs are 30-16 with one push so far this season in the NFL. That doesn't mean the system will always work, obviously, but it seems to be a good one to have gone by this year, so far. There are many other bets, of course, from betting if the first score of an NFL game will be a touchdown, to betting the next Super Bowl winner. Be aware, though, that these "futures" bets tend to have a significantly larger house edge.
 

ScottH

Well-Known Member
#5
heezreal said:
I don't know how lucrative it would be, but for your basic sports bet, betting on the "spread", as it were, bets are usually taken at -110, which means basically if you bet $11, you win $10 on a correct bet (keeping your original bet, of course). This is where the house makes its money, since you can bet either side. [So, by your system, you'd be guaranteeing that you'll lose $1 for every $11 you bet.] Favorites are listed with a negative number by them, which is how many points you subtract from their final score before determining the winner "against the spread". If the favorite won the actual game by exactly that many points, the spread creates a tie score, and the bet is a push. Beware, however, that casinos are trying to crack down on bonus "abuse", as they call it, and many, even competing(sp?) online casinos are working together to help prevent people from taking "unfair" advantage of promotions. However, with some good, low risk bets, you can still turn some profit off of the bonus, however small it may be. The "wizard of odds" suggests on his site that one system that statisically has beaten the house edge is betting on home team underdogs in the NFL. His stats were based on the past 20 years, I think. I did a little unscientific looking myself, and if I am correct, home team underdogs are 30-16 with one push so far this season in the NFL. That doesn't mean the system will always work, obviously, but it seems to be a good one to have gone by this year, so far. There are many other bets, of course, from betting if the first score of an NFL game will be a touchdown, to betting the next Super Bowl winner. Be aware, though, that these "futures" bets tend to have a significantly larger house edge.
Dogs are doing great against the spread this year, but don't let that fool you. Look at how they did last year...

Although dogs (esp. home dogs) are generally the best bet if you aren't a great handicapper and are just trying to clear a bonus.
 

supercoolmancool

Well-Known Member
#6
ScottH said:
Dogs are doing great against the spread this year, but don't let that fool you. Look at how they did last year...

Although dogs (esp. home dogs) are generally the best bet if you aren't a great handicapper and are just trying to clear a bonus.
Right but in this case it was last year that was the negative variance. In the long run I think the home underdog is a winning bet in the NFL.
 

ScottH

Well-Known Member
#7
supercoolmancool said:
Right but in this case it was last year that was the negative variance. In the long run I think the home underdog is a winning bet in the NFL.
Well, if the lines are correct, dogs and favorites will both hit at exactly 50%, which is a losing proposition at -110 odds. However squares tend to bet on favorites regardless of the line, so dogs might be slightly better in that regard. BUT, that doesn't mean just betting dogs is a winning bet. You couldn't blindly bet on all dogs and hit more than 52.5% winners at -110 odds. Remember you have to hit 52.5% just to break even at the standard -110. So even if dogs cover over 50%, that doesn't mean just betting dogs will make you money. In fact, I would go as far to say that you WILL lose money betting every dog every week, every year. If it were that easy, sportsbooks wouldn't exist.
 
Top