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Sports Handicapping : Avoid Being Scammed
Each year millions of dollars are spent on purchasing sports picks from the “experts.” The sports handicapping industry is filled to the brim with scam artists. I would estimate that 9 out of 10 sports handicappers are scam artists—by trying to pass themselves off as something they aren’t. The unsuspecting sports bettor can easily be taken and end up losing money on the transaction and the bet itself. False sports betting professionals are typically easy to spot.
When you are thinking of purchasing a sports pick from a sports handicapper, pay close attention to the wording. Is it 99% marketing and 1% meat? If the person or service is spending most of their time telling you that it’s the lock of the century, walk away. While real professionals do get excited about their sports picks, they don’t try to sell you solely on the emotion of the moment.
Marketing Spin
Should the person or service tell you that they have “inside information”, that’s another tip-off that you need to walk away. In today’s world, with information overload and the Internet, there’s really no such thing as inside information. Sure, some still exists, such as if a player will indeed play, but it is very minimal and a real pro can pick the winner based on the plethora of information that’s out there.
Is the person or service telling you they have a X unit play or they have won X units this week, month or year? If nothing else, pay close attention to what I am about to say. Professionals play one unit per play—this should include you too. That unit might be $10, $50, $100 or $10,000, but it’s one unit. If the sports pick is looking extra strong, perhaps betting 1.5 units might be an option and maybe once in a blue moon two units is possible. If someone is telling you they bet twenty units, they are misleading you.
Upon Further Review
Let’s say you bet four games this week with the following bet amounts: $10, $20, $15 and $30. You did not bet one unit on game one and three units on game four. Rather, you bet one unit on game three ($15) and two units on game four—plus a little less on game one and a little more on game two.
What the scam artists does is “say” their betting unit is $5 and therefore game one was two units, game two four units and so on. If you are going to evaluate a service, do it on wins and losses—period.
Game Selections
Another fact to remember is that no professional plays more than a couple games a day—sometimes there is call to go a little higher. I have seen many so-called professional services that release six, eight, ten and more plays each and every possible day. They do this to pad their numbers and create a greater opportunity to apply marketing spin and take your money.
There is nothing wrong with purchasing a sports play—especially if you are not good at picking winnings. You simply need to be wise when you do it. Never pay an arm and a leg for any play—unless the person/service is going to refund you all the money wagered if you lose, which will never happen. Be wise and win more.
January 9th, 2006 at 9:35 pm
there are a lot of sites out there that will rip you off, but if you want free picks on gameday, subscribe to pregame.com and they’ll e-mail you picks every game from the pros. They don’t spam, so they won’t screw you there either. Plus, when you sign up, you get 100 bucks in premium picks for free, so its a sweet deal.
January 9th, 2006 at 9:59 pm
I also want to clarify one thing I said about number of games picked daily. If a service has 10 “pros”, then them releasing up to ten picks does not necessarily mean they are not professional–as that would be one pick per “pro.”
I am not familiar with the website mentioned in the first comment. I recommend using a garbage email account, like Yahoo mail, for all sign ups to free picks. That way, if you get spammed, you can just move on.
January 11th, 2006 at 1:51 pm
I hate tout services. They are all over the place in Vegas.
August 21st, 2006 at 7:22 am
The comment you made that no professional plays more than a couple games a day is competley incorrect.
In fact the opposite is true between full-time bettors and amateurs. The goal is to make money, not necessarily to tally a high percentage of wins. Professionals are only incidentally concerned with winning percentages. A 60% or more winning percentage is actually too high. You only need to little over 53.5% on 11-10 bets to make money. And the number of games available with this advantage is much more than a couple games a day. If you are only playing a couple games a day, you are wasting money making potential and therefore aren’t competent (a professional) to begin with.
Also, varying your bet size to 1.5 times or double as you suggest when a pick is looking “extra-strong” is another difference between the true professionals and amateurs. Professionals DO NOT vary their bet size and base their size on about 1.% of their bankroll (if that is their only income). The only variance occures when they hit a level in their bankroll that based on how much they’ve grown or shrunk from the “start” (usually about 50% either way)…called “plateau betting”. Changing your bet size your “breakeven” and is bad for your betting health if you are “pulling the trigger” at 55% (whichyou should be..otherwise you are wasting a HUGE income potential). Yes, I believe there are some who peddle their guesses for a living and do what you say (put lots of bets out there to use for a potential marketing angle when they get “lucky”), but don’t let that take away from the fact that real professional sports bettors DO have lots of plays. I personally have 2,500 - 3,000 per year and make 130% average return on my bank roll per year for 4 years (I did 2 years “research” before actually doing it”.
Anyway, I’m not trying to be overly critical, just giving you some input. There are WAY too many scammers in this business and you seem like you are at least trying to be legit so that’s why I took the time to write. Also, I am starting a website and may be interested in your writing services. Please provide some fee’s, etc. if you want. Otherwise, I’ll contact you at a later date when I get going.
Thanks,
Paul Wilson
August 21st, 2006 at 7:46 am
Hi Paul,
You are certainly entitled to your own opinion. I think we are both wrong in terms of absolutes. I should have said that MANY professionals don’t play more than a few games. How do I know this? Because I was a professional and connected to others here in Vegas. However, I don’t know everyone (as you don’t or anyone else for that matter). It’s easy to forget this and speak in absolute terms. That’s my error.
As to adjusting betting amount, pros do it all the time. Again, maybe not ALL pros. Some do it on a monthly or seasonal basis. It really depends on the person. If you sit around in a room full of pros, you’ll get a wide variety of betting methods.
Anyway, I appreciate you taking some of your valuable time to voice your comments. The main point I was making is that there are more than enough scamdicappers to go around. In the 1980’s, I knew of plenty that ran phone rooms here in Vegas. Today, that number, thanks to the Internet, is through the roof. The main problem with most sports pick sellers is they don’t actually wager on all their selections. I did when I ran a company and it sounds like you do, but many don’t.
Your post also brings up an idea for a future article. Should you bet less per game and play more selections or more per game and fewer selections? For instance, if you bet 3,000 games @ $100 each, you are putting $300,000 in action yearly. So, would it bet better that way or to wager say 300 games per year @ $1,000 each?
Good luck on your selections!
By the way, my writing rates are listed here:
http://www.gamblercontent.com/price-list.html
September 28th, 2007 at 10:00 am
I am very interested in purchasing sports leads. I am willing to pay handsomely for them or the knowledge on how to obtain them.
Tony
516-749-2534