Sports Betting As a Home Business Articles | Gambling

By: Richard Bleuze

Sport betting as a home business.

More and more people today are starting to make sports betting their home business. Assisted by a sport-betting handicapper, they are able to enjoy consistent profits.  Sport betting handicappers are professional sport handicappers who work fulltime doing the research and analysis.  They then provide their clients with recommended plays from the current day's sports schedules.

Sports betting has been likened to playing the stock market, while handicappers have been compared to stock brokers. You don't want to dabble on Wall Street without a financial analyst, just like you don't want to stroll the Vegas Strip or hit offshore sports books without a good sports handicapper.

Billions of dollars are wagered on the Internet annually, despite efforts by the federal government to curtail or eliminate sport gambling. Many billions more are spent at land-based casinos or with illegal or unlicensed bookies.

Sports betting is estimated to account for nearly 20 percent of all gambling dollars spent.  Winning at sports gambling is more a game of skill than chance. Many people consider sports gambling an art or science. Some sports bettors who take their sports betting seriously make huge profits while comfortably kicking back on the couch on Sunday afternoons and enjoying watching their favorite pasttime.  However, there are more losers than winners since most sports bettors do it as a casual player.

Handicapping a full schedule of daily basketball or baseball can take 6-8 hours per day, and a full weekend of football games can take the serious analyst upwards of 60 hours of research each week. The job entails statistical numbers crunching, studying game situations, reviewing injuries, looking at weather conditions, watching line movements and gathering information from newspapers from around the country. One must also possess the knowledge of how to use the information that has been assembled.

We're not referring to the casual or recreational player who might lay down $5 or $10 on their alma mater or hometown team or once a year on the Super Bowl, just to add to their excitement of watching the game. Sports betting isn't a business to them, though there are amateurs who bet sports on a very regular basis, and take it just as seriously as a professional. This is the group that usually gets in the most trouble.

Folks lumped in this category have a degree of addictiveness. They will use any excuse they can to place a wager, especially if a game is televised, because they feel a need for action. They can't get pleasure out of simply viewing a sports contest. There's a reason Vegas books put a big "TV" next to lines on a board. Bookmakers know they'll get more action on such games and that the money likely isn't being wagered by a pro with inside knowledge. Casual bettors such as these have little chance of making profits in the long run.

Bookmakers have a built-in commission known as the "vig" (vigorish) or "juice." That's how bet shops stay in business. They simply take 10 percent of losing bets. If you win, no problem; you get your $110 back plus the $100 you won. Losers, however, will have to win their next two wagers to make a profit.

The actual figure for making a profit over the commission is approximately 53 percent, which means one must win 53 out of every 100 bets placed. That's not as easy as it sounds. A professional sports bettor usually is very satisfied with a 60 percent win record. That's only 7 wins over the break-even point per hundred wagers placed, but it will show a substantial profit.

Choosing a reputable sport betting handicapper is the key to making profit from betting sports.  A reputable sport betting handicapper can give you the luxury of enjoying your favorite sporting event while making money doing it.

Why not check out my handicapping stats by CLICKING HERE!  You can also access my free picks on the page!