Sport Betting

Sport betting is committing a sum of money (betting, wagering) on the outcome of a sporting event or, some other event.

On December 10 1997, one 90 year old gentleman in the UK took a bet out on himself the sum of £100 that he would live until he was 100 years old. The book maker (William Hill) gave him odds of 250/1.

On his 100th birthday he picked up £25,100.00 which included his original £100 stake money.

That is basically what betting, sports betting is all about, predicting the outcome of an event and committing a sum of money that your prediction is correct.

To make a bet you have to have some one to bet against, and to give you the odds as to what they think the chances of your prediction being a winning prediction.

In the case of the old gentleman from the UK, William Hill the Bookmakers, made a mistake and paid the price. (They have now raised the age limit to 110 years).

* Bookmakers rarely make mistakes, but they do have differing opinions and odds on the same events, so there is a narrow band of options to choose from with regard to the odds that each bookmaker is offering.

** The trick is to find the Bookmaker that is giving the best odds (in your favour) for your prediction of the out come of an event.

The biggest trick and the most difficult; is making the correct prediction.
You may make a couple of predictions that are correct and feel that you have made it into the big time and that you are unbeatable.

WRONG. Bookmakers are in the business of making money and they make their money from you the, ‘lucky punter,’ that make bets on gut feeling, sticking a pin in the racing card or whatever you think is going to make the correct prediction.

As I said previously, Bookmakers rarely make mistakes but some times a rank outsider 100/1 shot comes good, as in the case of Foinavon in the1967 Grand National at Aintree, Liverpool and in the 2202 Olympics in Salt Lake City, USA when the Australian speed skater Steven Bradbury won the Gold medal in the final of the 1000 meter speed skating when the 4 skaters in front of him fell and he was so far back that he missed the crash and crossed the line in first place, and won the Gold medal.

But people do win on a regular basis and make a decent living from it. These are the professionals and the semi professionals. I call them semi professionals as they use the services of the professionals, Tipsters.

These professional tipsters do not rely on gut feelings, emotion or coincidence they rely on statistics, experience, and information from others source, computer analysis and then they make their prediction and bets.

I am always looking for new forms of income streams and I have been looking at sports betting for well over a year and the best ROI was 64.07% per week. This was nothing to do with my own predictions; this 64.07% was attained by using the services of a professional tipster service, the lowest being, -17.42% returns using a tipster’s service.