After a three year writing hiatus I am back. My time has been spent curating and sharpening my knowledge and understanding of sports gambling. I think it is about time we make some money together.
I’ll be providing a different outlook on betting games and outcomes this year. Life has been busy, but I’m ready to get back at it and provide my in-depth analysis of games. For my friends and followers in Canada, here is first advice I’ll provide as we embark on this sports betting adventure.
Stop throwing money away at government regulated sports betting services!
Whether you are in Ontario and frequently purchase PROLINE sports tickets, or live on the west coast and use SPORT-SELECT or SPORTS ACTION. If you want to make money betting on sports long term, STOP using these services. They are convenient and accessible, just realize that big brother is raking you over the coals on the odds and seriously cutting into long term profits. If sports betting is simply recreational and you purchase a ticket once every few weeks, then these services might work for you. But if you want to start turning profits and open the door to endless betting opportunities then do yourself a service, sign up at an online sports book.
Before I dive into the sports betting book I use to wager, here is a breakdown of what I mean when I say “government sports books cut into profits long term”.
The first thing that cannot be overlooked is the inability to place single game bets using government regulated services. For example, I want to pick the Green Bay Packers to beat the Chicago Bears this weekend. Whether you want to bet on them to win the game outright, or lay the point spread, this isn’t available through the government. You often have to pick the outcome of two or more games before your wager has action. When talking about wagering online, this isn’t required. You can pick a single outcome of a sporting event and set a wager on that single outcome of any denominator. It is extremely important to understand and recognize why the is imperative to long term success.
Betting sports and making profits long term isn’t easy. Being forced into combining multiple outcomes on parlay tickets, makes it even more difficult. It forces the bettor to be perfect on multiple outcomes to earn any profit.This is why seasoned sports handicappers often refer to parlay tickets as sucker bets.
Sucker bet or not – putting together a parlay ticket can sometimes be the most exciting way to wager a small amount on a sports ticket and return huge profits. This is however another area where the government supported sports books falter. The payouts are not nearly as lucrative when you begin to compare them to online sports book parlays. Here is a fictional example to clarify just how much profit you are leaving on the table when placing that parlay bet through the government.
FIVE-GAME SPORTS ACTION PARLAY (GOVERNMENT) –When placing a five game sports action parlay in British Columbia if you pick all games correct, the payout multiplier is 15 times the bet. Meaning on a $10 wager, you would return a profit of $140. Other government run sports betting services may offer better returns than this, but as you will see below you are still losing out on more lucrative returns when placing that same bet on a online sports book.
FIVE-GAME BET365 PARLAY – When placing a five game parlay on Bet365, they offer true odds. These odds are constantly moving and being adjusted depending on what side sports book are seeing money coming in. To make things easy, let’s assume each game is offering true decimal odds of 1.9 times your money. To calculate the payout on a five game parlay, you would multiple 1.9 to the power of five, then times by the wager amount. In this example a bet of $10 would net a return profit of $237.60. A difference of almost $100 profit left on the table if you’re betting through the government. Even better, Bet365 is the only online sports book that offers a sports parlay bonus accumulator. The bigger the parlay ticket, the better the bonus. On a five-game parlay ticket their bonus is 20%. Meaning that $10 bet would actually net you $292.30, with a $48.71 bonus. Thats over 208% times the return what betting through the local government sports betting service.
If at this point you need further reasoning to hop online and set up a sports betting account, then I guess you like throwing away free money. Recreational bettor or avid sports gambler, get with the times and find an online sports book that works for you. For my followers in Canada I would recommend either of the following when deciding which online sports book to play through.
Bet365.com – ONE OF THE BIGGEST PLAYERS IN ONLINE SPORTS BETTING. SINCE THEIR 2006 INCEPTION THEY HAVE BECOME A PREMIER SPORTS BETTING WEBSITE.
SportsInteraction.com – FIRST ONLINE LICENSED SPORTS BOOK AND CASINO IN CANADA. SIMPLE AND QUICK DEPOSIT AND CASH OUT OPTIONS
In the ten plus years betting online, Bet365 is my preferred website. Deposit and withdrawal can be more complicated than SportsInteraction, but their options when it comes to betting on any sports are unmatched. You can find true odds on just about any sporting event and their payouts are equal if not better than what you’d find at most sports books in Las Vegas.
The last and most important reason I recommend Bet365 to people is the live in play cash-out options. When you place a bet and games are live Bet365 actually gives the option to cash out the ticket throughout the game depending on how the outcome is trending. Meaning I could cash out and make profit on a game that I’ve actually picked the outcome incorrect. For example, I take the Atlanta Falcons money-line and place $50 bet on them to earn $95. They are up 14 points going into the fourth quarter, looking like they have the game in the bag. Bet365 might offer me a cash-out option of $75 right now, allowing me to cash in before the Falcons blow another giant lead and leave with me with a losing ticket.
If you enjoy reading this type of material let me know. I’m happy to expand further into the types of bets I like to place online, and the angle I use when deciding what to wager on. Please sign up for email notifications to be notified the minute I post a new article. With that, here’s a wager I have placed today on Bet365 with no breakdown.
NBA FINALS GAME THREE – LAKERS VS HEAT – 2 outcome parlay
LAKES -2.5 FIRST HALF + LEBRON JAMES OVER 46.5 POINTS, REBOUNDS & ASSISTS (COMBINED)
$10 wager pays – $24