0:00 – Intro (Watch this first)
3:04 – Be Realistic
4:22 – Only Bet With Money You Can Afford to Lose & Budget for WORST CASE Scenario
6:12 – Be Careful with Exotic Bet Types
8:25 – Don’t Overthink It
9:26 – Line and Juice Shopping
10:22 – Watch for Reverse Line Movement (RLM)
11:35 – Be a Contrarian
13:19 – It’s Not Just About the $$$
14:39 – Know When to Walk Away
15:04 – Have Fun
This is a video in which the idea came to me this weekend after having spent 20+ hours writing a baseball model in R and still being no where close to done.
Not everyone has the time, resources or ability to write complex models to bet on sports with. However I do believe there is still value in betting on sports without a model that comes in the value of entertainment. While I still maintain that anyone betting without a model will lose in the long run, that doesn’t mean its a waste of time. Casino games are impossible to beat, yet I still play casino games occassionally in Las Vegas. It’s simply about how much you are willing to pay for entertainment.