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Sharp Betting: Sports Betting as a Permanent Source of Income

Sharp Betting: Sports Betting as a Permanent Source of Income Fortune Favours the Educated:

There are only three guaranteed ways of making regular, long-term profits from betting:

(Both requiring large numbers of transactions for a steady drip-feed)

  • ‘Sharp’ or ‘Value’ Betting(Soccerwidow’s approach)
  • Sharp betting relies on fewer numbers of transactions but promises far higher rates of return as it is based on finding pricing errors in odds calculations using the principles of probability and value.

    Anyone who bets purely on form and gut-feeling is a ‘punter’, likely to suffer more dramatic fluctuations in fortunes with no guarantee of long-term success.

    By contrast, sharp bettors use statistical methods to make comparisons with market odds (which are, of course, also compiled from statistics). It’s just a question of whose pencil is ‘sharper’; ours, or that of the bookmaker or betting exchange?

    Sharp betting is more relaxed than either arbitrage or trading, where usually speed is of the essence. The Sharp Betting approach enables you to take time and analyse events without having to make snap-judgments or commit large amounts of money to win relatively small amounts purely by hedging (which is effectively all that arbitrage and trading really are).

    Also, it is a 90-minute system which means you do not need to waste time monitoring matches to trade out at any point; just place the bets and then go out for a nice walk in the countryside…

    The methods and analyses we use for our Soccerwidow selections are based on a knowledge of technical analysis for shares and securities evaluation as well as actuarial science (insurances), tools and instruments, which are transferable to football betting.

    Indeed there are many professional techniques for identifying patterns and trends to be exploited for profit. For sports betting the aim is to recognise and determine ‘false’ odds in the market and/or find deviations where the true expected value of an outcome in question is over or under the value estimated by the market.

    Soccerwidow’s blog and courses are devoted to Sharp Betting: a technical, mathematical-statistical and fundamental approach to match analysis. It is a clean prognosis of future outcomes for professionally selecting bets without any reliance on form, player injuries or suspensions, the weather, the referee or a cat, dog or chicken on the pitch.

    Sharp Betting requires an immensely good understanding of odds calculation and markets, combined with mathematics, statistics and probabilities. It is betting with a system, but it is not system betting!

    Sharp Betting Modus Operandi
    • Not every bet will win (100% hit-rate is unrealistic) but the expected percentage of bets do win
    • Losses are therefore expected and risks are spread via portfolio betting
    • Betting on ‘value’ is the bettor’s answer to the bookmaker’s ‘overround’ and allows you to transact wagers on a level playing field
    • Bets are only placed if a match has been analysed profoundly and the true odds calculated
    • Betting is performed only when the odds hold mathematical value
    • No bets are made if the expectancy values are incorrect or unclear
    • Also, no betting if there are too many unknown factors (e.g. gaps in the statistics), which may affect the reliability of the results
    • Emotions play no role whatsoever
    • There is a money management plan (staking plan) in place
    • All bets are ‘full game’ wagers with no trading out in-play
    Methods and Techniques for Recognising VALUE Bets

    There are many techniques and instruments which the sharp bettor can choose to suit his/her personal taste and capabilities.

    Unfortunately, there is no blueprint in existence to cope with all possible eventualities and manufacture a fool-proof system. This is purely because betting options are extremely diverse (sometimes as many as 250+ separate betting options for a single football match), and the available (bookmaker) markets are extensive (500+ online bookmakers and exchanges, and growing), meaning the variables are innumerable.

    In addition, sports-betting is rarely explored scientifically (unlike stock market trading) and there is little true literature on the topic (one of the reasons we decided to start this blog).

    However, it is possible to use tools and instruments ‘borrowed’ from stock market trading and use them for fundamental and descriptive technical analysis of sports betting, meaning that past results can be interpreted and consequently, prognoses for the future can be derived with frightening accuracy.

    Soccerwidow has published a comprehensive sharp betting course which teaches in detail how to calculate ‘zero’ odds (‘true’ odds) in order to recognise betting options with ‘value’ attached to them.

    learn to think like a bookmaker! deciphering bookmaker mathematics

    You might enjoy these as well:

    A question we often receive from readers is why the Value Bet Detector requires 10 years' head-to-head (H2H) data and why it is optimised to address matches where there has .

    We are very pleased that the 2nd edition of our comprehensive betting course Fundamentals of Sports Betting (Betting on Over/Under 'X' Goals) is now .

    Please note that this is an archived post. Here, we describe the 1st edition of our Over/Under 'X' Goals .

    4 Responses to “Sharp Betting: Sports Betting as a Permanent Source of Income”

    hi, interesting read..but I would say that your assumptions about trading is not completely can for a fact easily stake smallish when trading and obtain returns that by far outweighs the amount staked..this is much harder to achieve only betting..not saying that betting cant deliver nice returns though..

    I was till recently firmly in the arbitrage camp as a means for steady but small profits,that is till I came up against the brick wall of bookies heavily limiting stakes.

    I wanted to explore the possiblity of just using 1 side of an arb as a value bet therefore allowing a smaller stake as a win only bet.Identifying the best value bet in an arb shouldnt be too difficult (the one with the largest differential between the next highest odds I guess).

    Still no form reading required, bet placement quicker and less complicated.and possiblity of higher volume of bets albeit at much smaller stakes.

    I wondered what your thoughts were on this as a concept.

    I am curious as to how the bookies determine you were arbitraging? Especially if you’re using different books.

    Hi walnut please I will lot for you to teach me the arbitrage technique, please how do I contact you? my mail is same as my name. thanks in anticipation

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    Every Friday during the NFL season, ESPN Chalk will ask some of Las Vegas' top oddsmakers where the action has gone over the course of the week. Here is the latest installment.

    1. Which game(s) had the biggest line move so far?

    John Avello, race and sports operations director at Wynn and Encore: Kansas State at Oklahoma State. Oklahoma State opened on Sunday afternoon at minus-4 and was bet up to minus-8 by Thursday. The Cowboys barely got by at Texas last week, and the bettors aren't respecting the 3-0 start by the well-coached Wildcats. The revenge factor may be in play here, as the Cowboys were smoked in Manhattan by Kansas last season. Editor's Picks

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    Jason Simbal, vice president of race and sports, CG Technology: Two games in college standout. Purdue at Michigan State opened at 23.5, went all the way down to 21 during the week and has settled in at 22. Washington State at Cal opened at 15, went as far up as 18 and settled in at 17.5.

    Jay Rood, vice president of operations at MGM race and sports book: Colorado getting all the sharp play so far, moving this game from 10 to 7.5.

    2. Which game(s) have you had the biggest public action on?

    Avello: Two games are drawing quite a bit of public action: Notre Dame at Clemson and Alabama at Georgia. The public is taking both Notre Dame and Alabama plus the points. I can't blame them, as you have to go back to 2009 to find Alabama getting a spot, and ND hasn't missed a beat after losing significant personnel.

    Simbal: In college, Clemson vs. Notre Dame is a popular game. So far the public has been backing the Tigers. In the NFL, the public has been backing the Raiders vs. the Bears and the Packers vs. the 49ers.

    Rood: Baylor is the public play this week, with tickets and money on the Bears moving it from 14 to 17.

    3. Which game(s) have you had the biggest sharp action on?

    Avello: Believe it or not, a game that has drawn heavy sharp action is Wyoming at Appalachian St., and it's on the App St. side. The play is probably more against Wyoming than it is on App St. because Wyoming is 0-4 with losses to both North Dakota and Eastern Michigan.

    Simbal: In addition to Cal, they are betting Boise St. vs. Hawaii. In the NFL they are backing the Raiders. So the public and the pros are both on the same side in the Raiders vs. Bears game.

    Rood: Colorado is the play that sharps are on this week along with Minnesota from 5.5 to 3.5.

    4. Any big changes in the futures market?

    Avello: In the NFL, the Lions, Saints, 49ers, Browns, Bears and Jags have all been taken up to a number you could retire on if they win it all, while the Cardinals and Falcons have been bet down to 12-1 and 15-1, respectively. In college, the biggest move was Utah, who dropped from 125-1 to 35-1.

    Simbal: The Steelers were the biggest move this week. After the Ben Roethlisberger injury we dropped them from 15-1 to 35-1, and after last night's loss we took them further down to 45-1.

    Rood: Oregon going to from 20-1 to 300-1 and Utah going from 60-1 to 30-1.

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