Sports betting as a college degree

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  • rdgarza
    SBR Rookie
    • 09-30-09
    • 9

    #1
    Sports betting as a college degree
    Hi people,

    I'm new on this sports betting world but I like this a lot and I want to learn more and more.

    I know that the best way to learn how to win long term in sports betting is by yourself, but I was thinking, inspired in something I read here in the forum, in this learning process as a college degree.

    So, what subjects, topics or activities do you think a college degree in sports betting should have?

    Thanks
  • suicidekings
    SBR Hall of Famer
    • 03-23-09
    • 9962

    #2
    Stats (handicapping) and accounting (money management).
    Comment
    • icecapper
      SBR Wise Guy
      • 09-29-09
      • 788

      #3
      Money management is the big one. Have to grind out a profit over time.
      Comment
      • IrishTim
        SBR Wise Guy
        • 07-23-09
        • 983

        #4
        Originally posted by suicidekings
        Stats (handicapping) and accounting (money management).
        + computer programming
        Comment
        • skrtelfan
          SBR MVP
          • 10-09-08
          • 1913

          #5
          While money management is important, it also has to be the most overrated concept. Most gamblers go broke not because they overbet their bankroll per se, but because they make losing wagers, so they're overbetting by betting more than $0. Once you learn how to estimate your edge, which is the very difficult part, learning the basics of proper Kelly bet sizing takes a few minutes.
          Comment
          • Peep
            SBR MVP
            • 06-23-08
            • 2295

            #6
            psychology, philosophy and a sabbatical in a Zen Monastery to learn thy self. As Grandpappy Peep used to say....

            "It is a tough way to make an easy living"
            Comment
            • jetsjets1028
              SBR MVP
              • 02-10-10
              • 1234

              #7
              that would make college lot more fun
              Comment
              • Sawyer
                SBR Hall of Famer
                • 06-01-09
                • 7759

                #8
                Discipline, Patience and Money Management skills are extremely important.
                Comment
                • Thremp
                  SBR MVP
                  • 07-23-07
                  • 2067

                  #9
                  Applied math with a minor in computer science (programming)
                  Comment
                  • donjuan
                    SBR MVP
                    • 08-29-07
                    • 3993

                    #10
                    Originally posted by suicidekings
                    Stats (handicapping) and accounting (money management).
                    Accounting has almost nothing to do with sports betting other than perhaps tax law.
                    Comment
                    • sycoogtit
                      SBR Sharp
                      • 02-11-10
                      • 322

                      #11
                      Originally posted by IrishTim
                      + computer programming
                      Comment
                      • Flying Dutchman
                        SBR MVP
                        • 05-17-09
                        • 2467

                        #12
                        Degree in Operations Research Analysis. Go look it up.

                        Comment
                        • maxdalury
                          Restricted User
                          • 05-28-09
                          • 67

                          #13
                          programming is the most important thing imo and basic stats
                          Comment
                          • Dark Horse
                            SBR Posting Legend
                            • 12-14-05
                            • 13764

                            #14
                            It is a college education. But before going through those doors, there's an entrance exam: In a sport of your choice, identify a winning angle. Do so without reading anything on sports betting.

                            If you can do that, the doors swing open. If not, don't bother. There is no need to identify or choose 'classes' upfront. They will announce themselves, at the right time, in the form of questions.
                            Comment
                            • Peregrine Stoop
                              SBR Wise Guy
                              • 10-23-09
                              • 869

                              #15
                              need something in bullshit detection and relationship management (especially when dealing with questionable sportsbooks, which is an art that can add big to your bottom line)

                              thus, add in social psychology classes
                              Comment
                              • rdgarza
                                SBR Rookie
                                • 09-30-09
                                • 9

                                #16
                                I think the following topics are important:
                                - Probability.
                                - Statistics (regression analysis).
                                - Programming (perl, python).
                                - Database design and operation (SQL).
                                - Money management/finance.

                                The following activities can be useful:
                                - Read forums, books, articles.
                                - Write articles, share ideas/information.
                                - Create and test ideas.
                                - Practice.

                                Also you need to develop the following:
                                - Discipline.
                                - Patience.
                                - Hard work.

                                What do you think?
                                Comment
                                • blix177
                                  Restricted User
                                  • 09-20-08
                                  • 1520

                                  #17
                                  Easy way to learn, be a bookie. Then figure out why are some player losing their shirts off, and the ones that are not, you learn from them.
                                  Comment
                                  • Masu485
                                    SBR Hall of Famer
                                    • 08-14-08
                                    • 7700

                                    #18
                                    Originally posted by skrtelfan
                                    While money management is important, it also has to be the most overrated concept. Most gamblers go broke not because they overbet their bankroll per se, but because they make losing wagers, so they're overbetting by betting more than $0. Once you learn how to estimate your edge, which is the very difficult part, learning the basics of proper Kelly bet sizing takes a few minutes.
                                    i know man. it's fukking ridiculous on here. people make it seem that you'll magically win your bets by using proper money management.
                                    Comment
                                    • icecapper
                                      SBR Wise Guy
                                      • 09-29-09
                                      • 788

                                      #19
                                      Originally posted by Masu485
                                      i know man. it's fukking ridiculous on here. people make it seem that you'll magically win your bets by using proper money management.
                                      True, but it seems like most people fail because they mismanage their bankroll, rather than picking 53% winners.
                                      Comment
                                      • suicidekings
                                        SBR Hall of Famer
                                        • 03-23-09
                                        • 9962

                                        #20
                                        Originally posted by Masu485

                                        i know man. it's fukking ridiculous on here. people make it seem that you'll magically win your bets by using proper money management.
                                        Money management has nothing to do with winning, but it allows you to survive cold streaks without destroying your bankroll.
                                        Comment
                                        • PAULYPOKER
                                          BARRELED IN @ SBR!
                                          • 12-06-08
                                          • 36581

                                          #21
                                          Originally posted by suicidekings
                                          Money management has nothing to do with winning, but it allows you to survive cold streaks without destroying your bankroll.
                                          You just slit your own throat with that sentence and didn't even realize it
                                          Comment
                                          • LT Profits
                                            SBR Aristocracy
                                            • 10-27-06
                                            • 90963

                                            #22
                                            Originally posted by skrtelfan
                                            While money management is important, it also has to be the most overrated concept. Most gamblers go broke not because they overbet their bankroll per se, but because they make losing wagers, so they're overbetting by betting more than $0. Once you learn how to estimate your edge, which is the very difficult part, learning the basics of proper Kelly bet sizing takes a few minutes.
                                            I think "overrated" is the wrong word, as it is just as important as picking winners. BUT, you are right in that newbies should learn to pick winners first, and then learn proper MM.
                                            Comment
                                            • PAULYPOKER
                                              BARRELED IN @ SBR!
                                              • 12-06-08
                                              • 36581

                                              #23
                                              They are all as equally important think of it as a engine and if you remove one vital part it will never work without it
                                              Comment
                                              • Johnny 55
                                                Restricted User
                                                • 05-16-09
                                                • 1079

                                                #24
                                                This is a good idea, who would be the professor, Justin7.
                                                Comment
                                                • u21c3f6
                                                  SBR Wise Guy
                                                  • 01-17-09
                                                  • 790

                                                  #25
                                                  Originally posted by rdgarza
                                                  So, what subjects, topics or activities do you think a college degree in sports betting should have?

                                                  Thanks

                                                  This would probably be more like a Certificate rather than a Degree but here would be my program:

                                                  The Problem
                                                  ..Define winning
                                                  ..Random Walk
                                                  ..Efficient Markets

                                                  Wagering
                                                  ..Casino (-EV)
                                                  ..Pari-mutuel
                                                  ..Sports
                                                  ..Live sports

                                                  Solving the Problem
                                                  ..Microsoft Excel
                                                  ..Algebra
                                                  ..Probability and statistics
                                                  ..Beating the averages

                                                  Making it Pay
                                                  ..Kelly Criterion and money management
                                                  ..Psychology

                                                  Joe.
                                                  Comment
                                                  • Justin7
                                                    SBR Hall of Famer
                                                    • 07-31-06
                                                    • 8577

                                                    #26
                                                    Originally posted by donjuan
                                                    Accounting has almost nothing to do with sports betting other than perhaps tax law.
                                                    I spend as much time doing accounting as handicapping now...
                                                    Comment
                                                    • Dark Horse
                                                      SBR Posting Legend
                                                      • 12-14-05
                                                      • 13764

                                                      #27
                                                      How do you define 'accounting'?


                                                      The curriculum looks kind of dry, rdgarza. I'd add study trips to Costa Rica and the Caribbean.
                                                      Comment
                                                      • statnerds
                                                        SBR MVP
                                                        • 09-23-09
                                                        • 4047

                                                        #28
                                                        most important thing that will save you tons of time and money, check you ego at the door. keep you away from lots of pain.

                                                        anyone questioning the importance of money management has no business in this business. just my personal stance.

                                                        be prepared to play other people's play more than your own. i've never met anyone that can cap every sport.

                                                        find forums with solid posters with solid records and pick their brains. never be afraid to ask for help.

                                                        and then learn math

                                                        math

                                                        math

                                                        and more math
                                                        Comment
                                                        • Patrick McIrish
                                                          SBR MVP
                                                          • 09-15-05
                                                          • 2864

                                                          #29
                                                          Originally posted by Johnny 55
                                                          This is a good idea, who would be the professor....

                                                          The name is Nover, Stephen Nover. Contact him at Covers I believe for further assistance.
                                                          Comment
                                                          • THE PROFIT
                                                            SBR Posting Legend
                                                            • 11-27-09
                                                            • 17701

                                                            #30
                                                            probability and stats
                                                            Comment
                                                            • Peeig
                                                              SBR Wise Guy
                                                              • 02-06-08
                                                              • 567

                                                              #31
                                                              reading comprehension ftw..........there are golden nuggets in forums everywhere.....just need to know how to find them
                                                              Comment
                                                              • Leverage
                                                                SBR Sharp
                                                                • 07-30-09
                                                                • 253

                                                                #32
                                                                I'm 3 quarters a way from my handicapping degree, a double degree in Applied Mathematics and Computer Science with a minor in accounting from the U Dub.
                                                                Comment
                                                                • kisado
                                                                  SBR Wise Guy
                                                                  • 09-09-08
                                                                  • 519

                                                                  #33
                                                                  Sports Knowledge. Human Biorhythm Knowledge. Ability to assess athletic talent. Picking winners.
                                                                  Comment
                                                                  • margaretan
                                                                    SBR Rookie
                                                                    • 03-31-10
                                                                    • 4

                                                                    #34
                                                                    I would appreciate to have a degree in sports betting because it includes so many different aspects and does not concentrate on one single boring aspects and leaves out the rest. You guys have already mentioned the main subjects and I agree with you. Money management, computer programming, sports knowledge, psychology, medical basic knowledge would me my cornerstones of sports betting.
                                                                    Comment
                                                                    • ScreaminPain
                                                                      SBR High Roller
                                                                      • 09-17-08
                                                                      • 246

                                                                      #35
                                                                      Originally posted by skrtelfan
                                                                      While money management is important, it also has to be the most overrated concept. Most gamblers go broke not because they overbet their bankroll per se, but because they make losing wagers, so they're overbetting by betting more than $0. Once you learn how to estimate your edge, which is the very difficult part, learning the basics of proper Kelly bet sizing takes a few minutes.

                                                                      The highlighted portion is key.....then the statement "you'll never go broke picking winners" is fact.
                                                                      Comment
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