Making it more difficult for sports bettors is that some sports services will claim to have won 200 units in a particular sport, but don’t mention that they release 10- or 20-unit plays, along with several 100-unit “locks” at the end of the year if things aren’t going so well and they need something to base next year’s advertising on.
For the bettors that do their own handicapping, however, units won is really the only thing you should be concerned with, as that ultimately is going to translate into the bottom line. And as is the case with the Arkansas-based giant, many times this will be more profitable than being extremely selective and doing a small amount of volume, even if the mark-up is higher.
The only statistic that sports bettors should be concerned with is units won, which is the amount of profit, or loss, they have over time, and not worry nearly as much about winning percentage. A winning percentage of 55-percent sure doesn’t sound as sexy as a 60-percent handicapper, but if your volume of plays is high enough, it can certainly be much more profitable.
With baseball season coming back in about 4 months, many sports gamblers will be seeing ads from different sports services claiming winning percentages of 65-percent for baseball, and that’s entirely possibly, but what the services aren’t saying is that the majority of their selections were favorites of -200 or more, turning that 65-percent handicapping into a losing proposition.
If somebody were to ask you if you would rather be a 60-percent handicapper or a 55-percent handicapper, which would you choose? The obvious answer is that it’s better to be a 60-percent handicapper, but that isn’t necessarily true.
The 55-percent handicapper is using what is commonly referred to as the Wal-Mart Approach, which is to have a lot of volume with the expectation of grinding out a small profit. In the question above, it would be much better to be a 55-percent handicapper if you were playing 150 games a month, as opposed to a 60-percent handicapper playing one game a day. At the end of the month, the 55-percent handicapper would have gone 83-67 for a gain of 9.3 units, while the 60-percent handicapper would have gone 18-12 for a profit of 4.8 units, so the 55-percent handicapper has made nearly twice as much.
The decision to gamble money is based on three parameters namely; how much to bet, the predictability of the event, and the conditions agreed upon, between the gamblers. The addiction has negative effects on one’s physical and mental health and it proves to be detrimental to one’s social, personal, and professional life. Their mental state can even lead to suicidal tendencies.
? Gambling can lead to criminal activities. Six to eight million people in America are estimated to have a gambling problem.
? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.
Games offered in casinos, table games like poker, Red Dog, and Blackjack, as also electronic games like Slot Machine and Video Poker are some of the common types of gambling. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.
? Children of parents who are problem gamblers or gambling addicts tend to feel abandoned and angry, further increasing stress and leading to strained family relations.
? Addiction to gambling has been linked with substance abuse. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. Forget satisfaction or peace, it is not even refreshing in the real sense. According to the National Research Council, 10 to 17% of the children of problem gamblers have been abused and so have 25 to 50% of the partners of problems gamblers.
? According to the University of New York, in people with alcohol use disorders, the chances of developing an addiction to gambling are 23 times higher.
? The addiction to gambling can leave one in bankruptcy. Sports betting and arbitrage betting are the other types. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.
Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. They engage in gambling activities at the cost of their time with family and friends. Thus, gambling can have a grave economic impact which is difficult to reverse.
? They start borrowing money and take secret loans. It causes a decline in his/her work performance, thus hampering his career.
? As gambling leads to increased criminal activities, in a way, gamblers add to the burden on prisons and the legal system.
Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.
Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.
? Additionally, rehabilitation and public assistance systems are taxed.
? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. Because of this, they land in worse situations and take the wrong decisions in life.
? Gambling at the cost of one’s job results in a decline in the quality of his professional life. It only leads to a thoughtless expenditure of money and valuables.
? A majority of those addicted to gambling have substance abuse disorders.
? Apart from absence at work and drop in efficiency, a common observation is that gamblers tend to steal money and engage in fraudulent behavior to recover from financial losses incurred when gambling, or to get more money to bet.
? Studies show that children with a sibling or parent addicted to gambling, are more likely to take to substance abuse.
? According to a research by NCPG, 76 percent of problem gamblers are likely to have a major depressive disorder.
? The stress from gambling may lead to health issues like ulcers, stomach problems, muscle pains, headaches, and problems with sleep.
? According to a study by the George State University, 50% of the problem gamblers commit crime. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. It soon becomes a habit that can’t be broken.
? People continue gambling with the greed of winning money. ? The costs of treating compulsive gamblers are huge. This proves to be detrimental to their social and family life. When they lose the money they had risked, they further gamble to recover the lost amount and it becomes a vicious circle even they can’t escape from.
? An Austrian study said that around 1 in 5 suicidal patients had a gambling problem.
You could be at gunpoint or holding the gun. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.
? Gambling has proven to be addictive. The skill of a gambler lies in weighing the three parameters and making a decision about what amount should be staked and how much should be expected in return.
? Problem gamblers and addicts tend to abuse their family members. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.
? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. The greed never ends and they keep betting more and more. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. Some go that way to forget the sorrow of losing big sums when gambling.
Compulsive gambling leads to bankruptcy
? Gambling is practiced as a means of recreation. It can drag you into crime, gambling isn’t fun.
? Gamblers often exhibit mood swings and a strangely secretive behavior. In spite of the losses incurred, they continue betting. Due to lost mental peace, they may ill-treat their spouse and children. The two go hand in hand. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.
Gambling = Thoughtless Expenditure + Waste of Time
? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.
? Research has shown that gambling can lead to harmful behavior in people
The bookies set a lot of numbers by keeping the public in mind and the person who begins to study can understand easily as to how the person can gain more and on the numbers set by the bookies.
In sports betting line, money line is like point spread that is used to equal the attractiveness of the favorite and the underdog for the person betting. This field is considered as a way to make huge profits if the person is a smart bettor who has practiced proper money management. And most of the illegal books of Nevada draw their odds from casinos. In sports betting odds, the odds are termed as “MONEYLINE”.The sports betting odds there are no point spread for many of the sports such as boxing, tennis etc as there occur no way to measure the points or score in which the player wins or loses by. Money line in sports betting odds is decided by the event winner with no regard to the point spread as there is occurs no point spread. In sports betting odds, such as football odds is becoming more vibrant each year. In such sports like boxing, the only thing that counts is who wins and who loses, and in such cases, the money line wagering enters in!
In sports betting odds, the odds are made not by the common people. Apart from this, he also works as a consultant on gaming management, strategies, personnel and marketing. Sports betting odds can be defined as “the likelihood of an outcome occurring that is stated in a number form”. In sports betting odds, there are many things, which are illegal such as transmitting information on gambling across the state for placing, or taking bets is considered illegal. But even then, there occur many loopholes through which people play their own gaming!
In college, also sports betting odds have taken reign even though it might be considered illegal by many. The main basis of the wager is the straight up outcome, which is not in to a point spread. It is an entirely different case in sports betting odds, as about 75% of odds are established for the licensed Sports Books in Nevada as well as for Oregon State Lottery by Las Vegas Sports Consultant Inc, which is run by Michael ‘Roxy” Roxborough. The sports betting odds makers set the money line, as more money must be risked for the favorite or the person expected to win and very less on the underdog or the person more likely to lose, so that there occurs a balance between both sides of the contest.