How To Sell Sports Betting Picks
- Computer Sports Betting Picks
- How To Sell Sports Picks
- Best Sports Betting Picks Sites
- How To Sell Sports Betting Picks This Week
- How To Start Selling Sports Picks
This is one legit question that I received today.
What are the sports betting picks monitoring sites?
Sports Betting is legalized in the United States (finally). Now this opens up a huge opportunity for the amateur sports bettor to make fast returns like those who invested early on in Bitcoin and other Cryptocurrencies. Now is the best time ever to invest in a company that sells sports betting information. I believe in helping bettors to become winning bettors, instead of selling them picks. Anyone who understands the betting market, odds movement, closing line value, and especially the mindset of an average bettor, will agree with me, that buying sports picks is not the most optimal way how to win at sports betting.
This ‘capper was a testament to the fact that anyone can get lucky betting on sports, and that you need a big sample size to properly judge a ‘capper. The ‘Cappers Overall Record: Even with the one handicapper who picked correctly more often than not, these pick services dished out 73 wins and 70 losses, combined, resulting in resolutely.
A lot of times these sites are named as Sports Handicapper Monitors, Documented Picks Sites, Tipsters Monitoring Services, or something similar. The idea is to track and monitor sports handicappers’ picks, so they can show their honest results for potential subscribers.
How they operate and how they make money?
These sites offer a spot for Sports Handicappers that want to monitor their picks and then they track them independently. Or at least this is how it should be.
BEST HANDICAPPING SERVICE – BEST SITES TO BUY PICKS As the leading sports handicapper review site, we strive to bring our members and web site visitors the best opportunities to make money buying picks every day. That said, we understand that some of you would rather work with one site rather than follow our daily. Top sports betting tools and proven expert betting, wagering picks for NFL, MLB, NBA, NHL, soccer and more. Place optimal bets and win big with exclusive tools.
Their records are shown on their sites and they also usually offer picks subscriptions directly on their sites.
Are these sites FREE?
No. Nothing is FREE and free business models can not sustain in the long run. Once you compete in the market, where the competition is huge, there must be some sort of return. These sites must hire developers, expert marketers, etc… and they must be paid.
These sites make money in three different ways:
- They sell subscriptions and then they share profits with sports handicappers or tipsters
- They are paid by bookmakers. Either by fixed price or sharing profits from losing bettors.
- They charge sports handicappers.
Why I don’t use any sports betting picks monitoring sites?
- First of all, I don’t sell any sports betting tips and I don’t believe in following. My whole work is focused on how to help sports bettors to become independent and successful handicappers. 98% of the content on my site is completely FREE and I share my picks every day on my youtube channel, FB group, Twitter, or in our secret discord chat group for members.
- Secondly, picks monitoring sites simply don’t track the statistics that I want to see. Most pick monitoring sites don’t even track closing line value and there were some tries, but they don’t track it correctly. I also track both CLV and xCLV (no vig vs Pinnacle odds). I use my betting tracker.
- Thirdly, I am very skeptical about monitoring sites.
Why I am very skeptical about picks monitoring sites?
All these sites are doing a service and if they want to survive, they must make money. Part of this money is made by bookmakers, which is nothing wrong, but the problem is when they start manipulating with the odds and forcing scam bookmakers that pay them more.
They charge sports handicappers, and those sports handicappers, who pay them “premium” service will be at the top of the page to get more exposure and potentially more subscriptions. So we have a problem here, because not necessarily the best sports handicappers are promoted, but those who pay them. When the money is involved and with that also survival from such sites, then they can also manipulate the results. There were some well-known incidents in the past with picks monitoring sites.
ALERT: Some Sports Handicappers monitoring sites constantly reveal your identity
For more than 4 years I constantly get emails from more betting portals and monitoring sites and here is an example from one of the biggest US Sports Betting Monitoring Site, which wants to sell me their leads (emails, phone numbers,…), their customers. These are the real sports bettors, that signed up with them, trusted them and now they are selling their identities. This can be you.
- Here is the email from 2020, where they want to sell me the emails, phone numbers from more than +2500 leads of active sports bettors.
- Here is the email from 2018 and they are constantly selling your emails to sports betting sites.
The idea of documented sports betting picks…
The idea of independent sports picks documenting site looks ok, but it will always come with the problem because nothing can be free. The free business model doesn’t work and anyone who is successful understands that the time must be compensated somehow with the money. If they want to survive, they must compete against such (above) aggressive sports betting monitoring sites.
Their monetization comes from bookmakers, subscriptions, or charging and promoting sports handicappers. I have nothing against selling picks, promoting bookmakers sites, or even promoting sports handicappers.
Who am I to judge?
But there must still be some moral value and the line what is acceptable and what is not
Computer Sports Betting Picks
The question is how they promote bookmakers and which odds they promote. Do they even track bets properly and honestly? Do they tell sports bettors, that picks following is completely wrong? Do they tell them that buying picks is not the most optimal way how to win at sports betting or it is just about generating a lot of leads, so they can pay tipsters, developers, sites, designers, marketers?
A lot of open questions about these betting sites…
There is a lot of open questions. I constantly receive emails from sports picks monitoring sites, where they want to sell the information about their customers. This is very very bad for the whole betting industry. This is something I never do.
I will not even reveal this site, I am not here to hate anyone. They will know who they are if they will reach this article. I just want to inform bettors.
My Betting Philosophy and Ethical Betting
I have my own betting philosophy and my own ethical values (not good or bad, but mine). I believe in helping bettors to become winning bettors, instead of selling them picks. Anyone who understands the betting market, odds movement, closing line value, and especially the mindset of an average bettor, will agree with me, that buying sports picks is not the most optimal way how to win at sports betting.
I believe in knowledge, and I do my best to stay honest, fair, and kind (not necessarily most attractive or very nice). I didn’t get that same feeling about many picks monitoring sites, or other bigger big betting portals, that must generate enough money to survive.
Which I also understand. They don’t make money by actual betting, so they must run aggressive marketing and do what is necessary to make money.
Once you run such a site, you must generate money, no matter how.
The idea is not bad, but the realization is often bad. Selling and buying sports picks is not what I would recommend anyway, because of the betting market itself. Not to blame anyone.
Cheers,
MB
If you want to know how to make money sports betting, you’re probably already a sports fan.
I have bad news for you – most sports fans lose money sports betting.
That’s because they have biases and prejudices toward and against teams that wouldn’t exist if they weren’t fans.
In other words, it’s hard to make money sports betting unless you’re objective about the teams’ odds.
But if you’re a fan who can set aside these notions, you can probably win money sports betting.
This post introduces some ideas you need familiarize yourself with to pull off this feat:
You Must Understand Some Math to Make Money Sports Betting
To break even as a sports bettor, you need to win 52.4% of your bets.
Some people might be confused by that, thinking that if they win 50% of their bets, they should break even.
And anything above a 50% win ratio should result in profits, right?
Wrong.
While it’s true that most bets have a 50% probability of winning based on the point spread, the bookmakers make you wager $110 to win $100. (You’ll sometimes run into books which want you to risk $120 to win $100, and you’ll also find some that want you to risk $105 to win $100.)
If you’re losing half the time, but you’re losing more money than you’re winning the other half of the time, you’re going to lose money in the long run.
Imagine if you place 2 bets, winning one and losing the other.
You win $100 on the bet you won, but you lose $110 on the bet you lose, which leads to a net loss of $10.
And that’s just the beginning of the math you need to understand to make money sports betting.
More about Sports Betting Math
Let’s look at a more detailed example, just to give you a clearer idea of what I’m talking about when I say you need to understand the math behind sports betting.
You go to your favorite bookmaker’s website, or visit the book at your favorite online casino, and you see the following posted:
Buffalo Bills -3
New Orleans Saints +3
The team with the – sign next to it is the favorite. To determine the winner of that bet, you subtract 3 from their score before comparing it with the other team’s score.
The team with the + sign next to it is the dog. You get to add 3 to the team’s final score for determining which team wins.
In either case, when it’s not listed, you’re expected to wager $110 to win $100.
Those point spreads are also called the lines.
The book creates the line so that they don’t get an overwhelming loss when the favorite beats the dog. If there weren’t a line, everyone would bet the favorite and win most of the time.
The point spread creates a situation where you (theoretically) have a 50% probability of winning.
The lines are set by the handicappers working for the bookmaker. And for the most part, they’re good at their job.
The lines aren’t always right, though, and when they’re wrong, you can profit.
How to Use Moving Lines to Track Sharp Action
A “sharp” is an educated, winning sports bettor. Sharps generally bet large enough amounts of money that bookmakers will adjust the point spreads (“lines”) to stimulate action on the other side. If you watch how the lines move, you can track the sharp action and make betting decisions based on what the sharps are doing.
One thing to look for is called “reverse line movement.” That’s just a fancy way of describing when the line moves away from the side with more money bet on it – the popular side.
That’s easy enough to do – find a line that moves from +7 to +6, for example, then look at how many people are betting that side of the match.
Now you know which side the book is trying to stimulate action for.
Combine this with shopping lines from one bookmaker to another, and you have a powerful tool for placing bets with a positive expectation.
Be a Contrarian
You can find plenty of websites that estimate what percentage of the action is on one side or the other of a sporting event. For example, you might find a football game where 70% of the public is betting on one side, and 30% of the public is betting on the other side.
If you bet with the 30% rather than with the 70%, you’re being a contrarian – you’re betting the other side of the event from what most people are.
I like to root on underdogs, but as it turns out, betting on an underdog to cover results in a higher percentage of bets won than betting on the favorite.
It won’t result in a high enough percentage to make you profitable in the long run, though – you’ll still need to pick and choose.
But betting underdogs is a great starting point for a winning sports betting strategy.
Manage Your Bankroll Appropriately
You might have heard the expression “on any given Sunday.” This refers to the possibility of an upset in pro football – on any given Sunday, any team can win, regardless of what people might think.
This means that no matter how confident you are in your bets you still might lose.
And, in the short run, you might lose a higher percentage of bets than you expect.
What does this mean in terms of managing your bankroll?
It means that you shouldn’t have too much of your bankroll in action on any given bet.
For example, suppose you’ve found a bet that you’re confident has a 65% probability of being a winning bet. That’s a stellar percentage; if you won 65% of your bets in the long run, you’d be breathing rarefied air. You’d be the Warren Buffett of sports betting, in fact.
But if you have a bankroll of $10,000 and wager all of it on that one match, you have a 35% probability of losing your entire bankroll.
This means starting over and building a new bankroll, which takes time.
And when it comes to winning at sports betting, time is money.
You’ll see varying estimates of how much of your bankroll you should risk on any single bet.
Your tolerance for risk should determine your bet sizing, but 1% to 5% of your bankroll is a good guideline to follow.
If your tolerance for risk is high, bet up to 5% of your bankroll on each bet. With that $10,000 bankroll, you’d limit the size of your bets to $500.
You can adjust those bet sizes based on your confidence level in your picks.
If you’re sure about a bet, you might wager $200 or $300 (2% or 3%) on it even if you’re risk averse.
Limiting the size of your bets prevents a series of upsets or a run of bad luck from running you out of the hobby.
Don’t Buy Picks
Here’s the problem with buying sports picks:
The people selling these picks are usually no better at picking winners than you are.
Companies that sell sports betting picks are called tout services. They have an interesting history.
I have a friend who worked for a tout service in Las Vegas back when they still used call centers and 900 numbers to sell their picks. He explained to me one of their strategies with their customers, which I’ll share with you below:
In a room full of touts over the phone, half the room would sell picks on one side of a game.
The other half would sell picks on the other side of the game.
This would result in half their customers winning each week, while half their customers would lose.
How To Sell Sports Picks
If any of the losers called to complain – and they often did – they’d give them a free pick on the Monday night football game.
And they’d follow the same strategy – give half the losers one side while giving the other half the other side.
Half their losers won their money back and became satisfied customers, buying more picks.
I also read a story in a book about gambling about a gentleman who started his own tout service via a 900 number, and he let his 5-year-old son make all his betting picks for him.
The kid got lucky and was right 60% of the time in his first season.
It was dumb luck, but if you’d used his service, you’d have showed a profit that season.
I saw a tout selling an entire season’s worth of picks for $3000.
What kind of winning percentage would you need to see to generate a positive ROI on that $3000?
That’s a sunk cost, so you’d need to win more than $3000 for that package to be a profitable deal.
Best Sports Betting Picks Sites
You already need to win 52.4% of the time to break even, and you need to win 52.5% or more to be profitable.
If you make less than $3000 profit, you’re still losing money.
It’s hard to make money betting on sports when you have an upfront investment of $3000.
Conclusion
Yes, you can make money betting on sports. People do it every day.
How To Sell Sports Betting Picks This Week
But it takes a smart approach, preferably a contrarian one. You need to thoroughly understand the math and manage your bankroll appropriately.
How To Start Selling Sports Picks
Most importantly, you should avoid buying sports picks from experts who might not really even be experts.