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More casinos sharing liquidity and information to stay one step ahead of bettors. More jurisdictions and hodgepodge shops where one is the majority owner, but lines are set by another, and software is provided by a third. It's just more stuff to make my life miserable.
I've visited Delaware, New Jersey and Mississippi to see how things are run. I traveled all over to test out the new markets. I pushed them hard. A lot of bets at max limits, just testing every place over and over again with the idea of trying to find some place outside of Nevada that would be sustainable for a professional bettor longer-term.
I haven't been particularly impressed. Take Dover Downs in Delaware, for example. The book is owned by the state lottery, and William Hill sets the lines and decides what bets to take for a very small percentage of profits. This strategy leads to dealing one-way lines, on which they are taking action on only one side and then banning anyone William Hill in Las Vegas deems likely to win money.
If the State of Delaware is the primary beneficiary from the sports book, then shouldn't it be required to offer a fair system in which anyone can play? The staff were friendly, and they took big bets with no issues. And New Jersey? It was supposed to be the golden goose, but there have been several hiccups. Don't even get me started on the recent FanDuel fiasco. For me, independent books that set their own lines and manage their own risk are the lifeblood of my business.
They mean more chances to pick off bad lines, opportunities to arbitrage and more places I can go fire the same bet at the number I want. Of all my travels to the new states, the most disheartening thing to me was how few of those opportunities were out there. The manager at every sportsbook I visited is underqualified and doesn't make a move without checking with the bosses in Vegas first.
They aren't really aware that for someone who does this for a living, one tiny mistake or moment of complacency can cost big time. There are a few lucrative spots in these other states, but the cost to exploit them is so prohibitive that I'm better off crawling back to the desert and trying to gather the facts about the new and ever-changing environment. Skip to navigation.
Gambler X: Why I don't like sports betting legalization. Kansas City Chiefs. Bucs equal bucks as U. Tampa Bay Buccaneers. Sportsbook offers refunds after Reed controversy. LeBron now MVP favorite at some sportsbooks. Los Angeles Lakers. It's flipping madness: 'Startling' amount bet on Super Bowl coin toss. A gamble on Brady's move to Tampa Bay leads to profits. Notable Super Bowl betting trends. Notable Bets: Mahomes' injury throws oddsmakers for a loop.
Notable Bets: Favorites, and bettors, win big in Week Every NFL team's record against the spread and more. Notable Bets: Receiverless Browns let down betting public. Notable Bets: A Jets bet you won't believe. Notable Bets: NFL underdogs taking toll on betting public. Notable Bets: Jets spoil biggest win of season for bookmakers. Notable Bets: The remaking of the Saints-Broncos point spread. Notable Bets: Survivor contest disaster, plus another bad Sunday for betting public.
Midseason NFL betting report: Prime time 'dogs and overs shining. Betting battleground: The fight over where people bet in the future. Todd Gurley mistake, missed PAT produce big swings at sportsbooks. Atlanta Falcons. Best individual betting seasons for every NBA team. NBA's 10 best betting seasons of the past 30 years.
NBA's five best franchises to bet on over the past 30 years. Worst individual betting seasons for every NBA team. NBA's 10 worst betting seasons of the past 30 years. NBA's five worst teams to bet on over the past 30 years. Each team is given a point total by the oddsmaker that can either be added or subtracted to the final score, thus factoring into if the bet was won or lost.
The - before the 7 indicates that the Colts were the point spread favorites. If one were to bet on the Colts, the Colts would have to win by a total of 8 points for the bettor to win. If one were to bet on the Bears, the Bears would have to win outright or lose by no less than 6 points for the bettor to win.
A 7 point victory by the Colts would equal a push or tie. Are you new to Sports Betting? If you are or, if you just want to try betting an unfamiliar sport, here are some guides to help you out!
The good opportunities are therefore sparse and short-lived. With this in mind, i highly recommend seeking alternative sources. Top 10 Biggest Sports Betting Myths. Does Arbitrage Betting Work? Is It Worth The Effort? What is Value Betting? What Is A Value Bet? Skip to content.
About Latest Posts. Toby Punter2Pro. He's a Computer Science graduate with experience in developing value bet finders, Betfair bots, and other professional betting tools. Nowadays he runs Amazon FBA businesses, writes several blogs, and specialises in online marketing. Latest posts by Toby Punter2Pro see all. It didn't seem so at the time. I checked and rechecked my tables.
I carefully studied each losing session, reviewing the dealers, the playing conditions, my betting patterns, and so forth. Was I pressing too hard? Was I steaming? Was my bet spread adequate? Did I still have a positive mental outlook? Was there something in my personal life I was bringing with me to the tables? I methodically rules out each variable. The only thing I could pinpoint was that my confidence had decreased to the point where I wondered if I would ever win there again.
This being the case, I took a break - not from blackjack, but from playing at this particular casino. For the next couple of months I played my blackjack trade elsewhere while turning down several juicy invitations to special events at my nemesis casino. I won steadily and my confidence returned.
Then I revisited the casino from hell. In the end I won more money at that joint than at any other. Playing at least six days a month for a couple of years, I remained completely unmolested. Even though I consistently booked large wins, the casino personnel never forgot that losing steak.
They believed it was only a matter of time before it happened again. And they were right. Had they waited long enough, as long as a lifetime, it's likely such a losing streak would have repeated itself. As it turned out, my wins were so overwhelming that upper management finally sat up and took notice.
Scrutiny increased dramatically, and when a pit-boss friend of mine tipped me off to the fact that my days there were numbered, I left for greener pastures. I was lucky. Very lucky. Not lucky to have won back all my money plus a lot more - the laws of probability controlled that outcome.
No, I was luck that I'd had enough experience, and had made enough money prior to encountering this gambling nightmare, that I was prepared to deal with its financial and psychological consequences. Even then it was damned difficult. Had it happened early in my career, I surely would have been wiped out financially. Psychologically, would I have had the will to raise a new stake and try again?
That's hard to say. It's a rhetoric question, but I believe I would have pressed on. The mathematics of the game are so compelling that ultimately logic would have prevailed and I would have continued playing. But the point is this: Every player, regardless of how skilled he is and how good the playing conditions are, will eventually have a gut-wrenching losing streak.
Probably several. The laws of probability mandate these losing streaks just as surely as they also mandate that you'll win overall. I'm not just talking about a couple of losing trips; I mean real carnage to both bankroll and psyche. How you deal with it when it happens will determine whether you've got what it takes to be a pro. Big-time winners tend to have certain traits in common. To be sure, not every top pro possesses all these characteristics, but lacking any of them represents a weakness that will probably cause trouble at some point in their careers.
Following is a list of these critical traits:. Although most of these traits are self-explanatory, a few words of clarification are in order for several. First and foremost is interpersonal competence, which means a person's skills in interacting with others. The most successful gamblers I know are open, friendly, charming, and well-liked. They go out of their way to avoid offending others.