just curious if anyone here applies a "system" to betting sports, that is similiar to trading stocks. if so, what kind of strategy do you use. i bet sports for entertainment, and i'm sure it's extremely difficult to gain an edge with the vig, but maybe some people out there are able to gain an edge using certain techniques. i.e. when there's a large disparity between the sagerin rating and the line.
trading and betting sports
- Thread starter hedgez
- Start date
a few times a yr ...
actually I went to the harness tracks quite often as a teenager
I learned to pick my spots and look for good value plays
for example ... if I thought a horse had a 1 in 4 chance to win
and he was 10 /1 ... that might be a good bet ...
trading the stock market or even other things such as
fx and commodities and index futures
also seems to favor someone who can line up
the odds in his favor whether though
outright arb or risk / reward ...
and the time frame can be different for
traders ...
racetrack ... race goes off and ends a few minutes later
actually I went to the harness tracks quite often as a teenager
I learned to pick my spots and look for good value plays
for example ... if I thought a horse had a 1 in 4 chance to win
and he was 10 /1 ... that might be a good bet ...
trading the stock market or even other things such as
fx and commodities and index futures
also seems to favor someone who can line up
the odds in his favor whether though
outright arb or risk / reward ...
and the time frame can be different for
traders ...
racetrack ... race goes off and ends a few minutes later
The only place that I have been able to apply any trading techniques to gambling is in black jack. In black jack you lose with the lowest bet, and when you go on a winning streak, you bet bigger. Same as stocks, control your losses, and let you winners run. But as the winner runs, you add shares.
In sports betting, you can't control the risk after the game has started. If suddenly the key player gets hurt, you can't just cut your loss ad take some of your money out. You lose it all. If a stock goes the wrong way, you can get out with minimal losses.
In sports betting, you can't control the risk after the game has started. If suddenly the key player gets hurt, you can't just cut your loss ad take some of your money out. You lose it all. If a stock goes the wrong way, you can get out with minimal losses.
