Some tips to for the newbs.

[chabdura]

I have been a member for 2 weeks now and am losing all my bet any hints?

[skilz4milz]

I am new to this forum but have been reading it and following it for about 6 months now. I've been wagering on sports off and on for about 2 years.

I am in no way qualified to give advice but from one noob to another follow the vets advice and don't be bull headed like I was. I've already learned my lesson in regards to chasing among other things that suicide has given advice on.

Now I'm trying to self-educate myself on the industry and all the intricacies (sorry for spelling) of sports betting. So my unqualified advice would be to learn to do it right in the first place so you won't develope any bad habits that are hard to break.

[TimboN1269]

Completely understanding juice

Hey everyone,

I'm new to this forum and also new to placing "big boy" bets. I've done well betting with friends and family but thats normally 1 to 1, for example, we both put up $100 with or without a point spread and winner gets the others $100.

I'm looking to jump into online sportsbooks and I want to make sure I understand the juice completely before I make any bets. For example, if it's +110 for the Red Sox and -110 for the Yankees, you would have to bet $100 to win $110 for the Sox and you would have to bet $110 to win $100 for the Yankees.

While reading up on the juice, it says that if you bet the underdog you don't pay any juice because your taking a chance by betting the dog. So, in the example above, I bet $100 on the Sox to win $110. If the Sox win, I would have $220 credited to my account ($100 bet + $110 winnings), is that correct and no juice is paid?

Say I bet $110 for the Yankees and they win, since I bet $110 to win $100 and they were the favorite, I would actually receive $200 credited to my account ($110 bet + $90 winnings), the other $10 going towards the juice?

I read on one website that if you win, you don't pay the juice. If anyone can help clarify this for me it would be greatly appreciated!!

I know I'm a noob to sportsbooks betting, so take it easy on me with the responses.

[orlikowski]

thanks for the advice everyone. It will be helpful.

[acarmelo1]

Hey everyone,

I'm new to this forum and also new to placing "big boy" bets. I've done well betting with friends and family but thats normally 1 to 1, for example, we both put up $100 with or without a point spread and winner gets the others $100.

I'm looking to jump into online sportsbooks and I want to make sure I understand the juice completely before I make any bets. For example, if it's +110 for the Red Sox and -110 for the Yankees, you would have to bet $100 to win $110 for the Sox and you would have to bet $110 to win $100 for the Yankees.

While reading up on the juice, it says that if you bet the underdog you don't pay any juice because your taking a chance by betting the dog. So, in the example above, I bet $100 on the Sox to win $110. If the Sox win, I would have $220 credited to my account ($100 bet + $110 winnings), is that correct and no juice is paid?

Say I bet $110 for the Yankees and they win, since I bet $110 to win $100 and they were the favorite, I would actually receive $200 credited to my account ($110 bet + $90 winnings), the other $10 going towards the juice?

I read on one website that if you win, you don't pay the juice. If anyone can help clarify this for me it would be greatly appreciated!!

I know I'm a noob to sportsbooks betting, so take it easy on me with the responses.

For example lets say you deposit $110 on your account if you bet on the sox's +110

Risking $100 to win $110

if you win you will win $110 and will be returned your $100 so you will have on your account $220(110 of your deposit +110 sox's winnings)

If you bet on the yankees -110

Risking $110 to win $100

if you win , you will win $100 and they will return to your account your $100 so you will have $210(110 of your deposit + 100 Yankees Winnings) on your account

[FazzersGirl]

and stay out of the online casino!!

OMG!!! Yes!! I 2nd that...

[TimboN1269]

Thanks for the response acarmelo1. I noticed in that example that no juice was paid. Where does the juice come into account? Is it just on point spreads and props?

[Rig]

fade yourself

[skilz4milz]

fade yourself

Haha...as funny as this is to me, its actually great advice... at least for me atm.

I would imagine for a few other people in here as well.

[acarmelo1]

Thanks for the response acarmelo1. I noticed in that example that no juice was paid. Where does the juice come into account? Is it just on point spreads and props?

the juice is the 10 extra you have to paid to get that bet the

risking 110 to win 100

instead of going risking 100 to win 100

does $10 extra will be the juice

[Bill Dozer]

Good thread. My favorite is advice is to line shop. Don't get stuck at one book. You don't want to buy something at Sears because you happen to be there when Walmart has it 25% off.

I'd also add that parlays can be profitable in certain situations. But, that might be after sports betting 101.

[Jmoiz888]

Definitely agree with suicide kings, you will learn how to bet so dont try to chase handicappers and other people

[AustinCiv]

Where can I find a parlay calculator?

[Straight Cash]

What is the best site for ease/safety of depositing and withdrawing money (for a US resident)? I dont really want to link my betting account to my main bank account or a credit card just cause that seems kinda risky in case there is some sort of error in depositing/withdrawing funds.

[reverend]

good stuff in here.

but it starts with having at least 2 A+ books available!

[bauerranch]

I learned the hard way of staying out of the casinos

[Nick.Papagiorgio]

thanks for the tips

[mjrbrts]

Thanks for the tips everyone. I just came back to on-line betting after losing my entire bankroll at the casino. Took 2 years off - lesson learned.

[Harrys Code]

1st post

Seeing how this works........worth my time?

[Harrys Code]

Bodog freeroll password

How do i get the bodog freeroll password for august 19th???????

[Harrys Code]

I have had more success in casinos than online.....poker totally different online for me

[Harrys Code]

Hardway

i learned the hard way of staying out of the casinos

whats the hardway? Poker? Bad beats? Chasers? Or just money management?......

[Harrys Code]

I rolled nickles and dimes to get my bankroll one time....then lost it......then won it....then lost it...then won it....currently im up in casinos........currently

[Harrys Code]

Ive never had a problem with online gamblin.......always wonder though..

[frankbettor]

Just because a site advertises the services of a book, and rates it A+, does not make it a safe or reputable book. Remember this fact.

[jjgold]

Just bet with SBR Books
Bet same amount on every game
no parlays, teasers, etc

[Sawyer]

2. Never gamble when you're drunk/stoned.
3. Never add plays AFTER you have it set in your mind, that that's all you're going to play for the day.

1) Playing at a good book is key

7) Learn to handicap.
8) Keep records of your plays.
9) Pick one sport to start in and master it before you spread your focus to others.
11) Math Skills.
12) Excel.

Specially, These are extremely important. Good advices btw. Agreed

[RollPlayer]

I really agree with the rule about not betting after you say you are done for the day. So many times i've been up a good mount for the day only to go back to where I started at by trying my luck again

[Harrys Code]

DITTO

1) Playing at a good book is key (5Dimes is another reputable site, adding on to the list that Sawyer provided). If you deposit at a crap book you will eventually have problems with them. Also, having accounts with at least 2 books vastly increases your flexibility & earning potential.

2) When possible, take advantage of reduced juice options over any bonus offered. It is FAR more valuable in the long run as it reduces your breakeven winning percentage dramatically.

3) Your long term success in the industry is defined by how you manage the hot and cold streaks associated with gambling. Maybe you'll win 55% of wagers over an extended period (which may not sound impressive, but would actually yield a strong profit margin), but that span will be full of ups and downs. Have a well defined notion of what your maximum wager should be for one event and if you're running cold, there's no shame in cutting down that bet size for a bit or taking a few days off to clear your head. On that same note, not everyone is cut out for sports betting. Decide whether you can take the stress before you lose a lot of money.

4) Parlays are only for fun. Stick to straight wagers if you're serious about sports betting. Books generate a substantial portion of their revenue from parlays and teasers.

5) Don't chase your losses. It's SO tempting sometimes but is a long term losing strategy. You need to be able to move on quickly from a loss and not let it affect your future plays.

6) Don't tail other people's picks or pay for handicapper's services. You're responsible for your money and if you're not making your own selections, you're eventually going to be handing your money over to the books (or even worse, to the touts). Tailing teaches you nothing and you'll never develop your own skills.

7) Learn to handicap. I repeat, if you're not making your own selections, you're not going to be a long term winner. There are numerous threads about the different handicapping methods and techniques, as well as numerous proven cappers to learn from at SBR. Justin7 (one of the mods) is also publishing a book later this summer that should be a very comprehensive guide. In general, you need to be able to establish what a fair price is for a particular matchup so you can compare it to what is being offered and identify where there is value.

8) Keep records of your plays. They will help you learn from your mistakes and maintain greater discipline.

9) Pick one sport to start in and master it before you spread your focus to others. Trying to learn multiple sports at the same time is tough.

10) Do your homework about how betting actually works. Prices associated for spreads/totals in major sports are governed by the market (just like the prices of stocks/commodities/etc). Lines open at certain values set by the linemakers first by using statistics and then adjusting them to meet with public opinion so that they will hopefully generate equal betting on both sides (a perceived fair line). The books' goal is to have even betting (or rather equal money) on both sides so that they can take their 10% vig off the top and pay off the winners with the losers money, thus guaranteeing their profit margin.

The market can generally be considered to become more efficient closer to the start of the game. This means, that it's very important where a line opens, which way it moves (and how), and where it closes. Lines move as the books try to make one side more attractive to bettors so that the money evens out. The bottom line for you is to always try to beat the closing line and you do that by accurately assigning value to a matchup and then buying at the better price before the line moves, not buying into a line that has already moved.

11) Math Skills. If you don't have them, get some. Assigning value to matchups means at least a basic understanding of Expected Value, Binomial probabilities, Poisson distributions, & Pythagorean expectation. They sound complicated, but there are numerous resources online and in the Think Tank to reference as you work your way through them. The time spent on these will pay you back tenfold. Pay special attention to the ability to convert different odds formats to compare value, and how to calculate the value of points on a spread using push probabilities.

12) Excel. Learn how to use it. Many of the calculations you'll be doing are repetitive and strong command of Excel means being able to handicap much more efficiently. You need to develop methods to handicap games as quickly as possible so you can identify potential value and then focus on those selected games.

13) Line movement. Mentioned above, it's the pulse of the industry. It offers you a chance to observe how the books react to money placed on each side and can often provide hints as to what their opinions are on matchups. Handicapping comes first, but this is a good aspect to study later on.

[Harrys Code]

True that sir...you cant be to careful these days.....try them out for low stakes at first...see if u get a check when requested, and how long it takes to arrive.

[Harrys Code]

Money management

Money management is the key to any gamble.....sports, poker, black jack..or whatever. If your gamblin outside of your means, you will not have success..put a limit on how much you can lose and how much is enough to quit. If your lucky enough to hit that number then quit....what i do is walk into a casino with lets say 500 bucks..thats what i am willing to lose..if i double my money then i outty. If im close to doubling my money then it becomes...how do i feel....never reload after losing your limit..never gamble on tilt...biggest mistake i see is players trying to get it all back in one big swoop...rarely happens this way...gamblin is a science and your the scientist. Gamble as if your life depended on it...straight no chasers...poker players know what i mean......

i really agree with the rule about not betting after you say you are done for the day. So many times i've been up a good mount for the day only to go back to where i started at by trying my luck again

[Harrys Code]

CHECKER EVERY BET,,SEE WHAT HAPPENS

I have been a member for 2 weeks now and am losing all my bet any hints?

[Harrys Code]

I never win on parlays...always win one lose one...gonna start betting singles and eat the vig

[jtarbear]

Some great advice

[Lincolnmk7beach]

how do you get a post out first one, no luck