[rdgarza]

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]

Stats (handicapping) and accounting (money management).

[icecapper]

Money management is the big one. Have to grind out a profit over time.

[IrishTim]

Stats (handicapping) and accounting (money management).

+ computer programming

[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.

[Peep]

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"

[jetsjets1028]

that would make college lot more fun

[Sawyer]

Discipline, Patience and Money Management skills are extremely important.

[Thremp]

Applied math with a minor in computer science (programming)

[donjuan]

Stats (handicapping) and accounting (money management).

Accounting has almost nothing to do with sports betting other than perhaps tax law.

[sycoogtit]

+ computer programming

[Flying Dutchman]

Degree in Operations Research Analysis. Go look it up.

[maxdalury]

programming is the most important thing imo and basic stats

[Dark Horse]

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.

[Peregrine Stoop]

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

[rdgarza]

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?

[blix177]

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.

[Masu485]

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.

[icecapper]

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.

[suicidekings]

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.

[PAULYPOKER]

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

[LT Profits]

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.

[PAULYPOKER]

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

[Johnny 55]

This is a good idea, who would be the professor, Justin7.

[u21c3f6]

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.

[Justin7]

Accounting has almost nothing to do with sports betting other than perhaps tax law.

I spend as much time doing accounting as handicapping now...

[Dark Horse]

How do you define 'accounting'?


The curriculum looks kind of dry, rdgarza. I'd add study trips to Costa Rica and the Caribbean.

[statnerds]

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

[Patrick McIrish]

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.

[THE PROFIT]

probability and stats

[Peeig]

reading comprehension ftw..........there are golden nuggets in forums everywhere.....just need to know how to find them

[Leverage]

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.

[kisado]

Sports Knowledge. Human Biorhythm Knowledge. Ability to assess athletic talent. Picking winners.

[margaretan]

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.

[ScreaminPain]

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.