is sport betting learnable game?

[Rey86]

i m wondering if sport betting is a learnable game in the same way other gambling games are

i.e. in blackjack there is the basic strategy you can learn,also there is always the card counting technique

in poker im not aware but im sure there must be some techniques as well

 

i don not know what applies to  sport betting, 

are there rules,techniques and things you can learn in order to make profits?

are the stats,which are free and available all over the web,any usefull or its like the roulete where they make no impact to the outcome,so the casino dont mind to provide it to the players

by having monitors over the tables?

 

discuss

[Sir Puntalot]

@Rey86 Of course anything can be learned if you have the will and discipline to do it, but sports betting is different.

Blackjack Basic Strategy - lots of people think they know this, but you'll be amazed how many get it wrong and you only need to make a handful of wrong decisions to make that low 0.25% house edge roar into a 5% edge. I was sat next to someone in the MGM a couple of years back who said he knew how to play basic strategy, yet refused to surrender or take another card every time when he had 16 against the dealers 10, or JQK  

Poker - there's a hell of a lot of skill here, but to be honest you're often playing the player not the cards.

Sports Betting - oh jeeesus where do I start!  

One thing you must have is discipline or you're doomed, this means managing your betting bank properly and being patient. The other major thing you must have which can take quite a long time, is the understanding of value, overround and how to compile your own odds, which is often a gut feeling to an extent, but of course based on stats and form.

I've often tried to explain in quite simple terms what value is, and I'll repeat it again here.

Liverpool are playing Norwich at home and are fully expected to win....

Would you back Liverpool at 1.01? If not, why not.

Would you back Liverpool at 1.05? If not, why not.

Would you back Liverpool at 1.10? If not, why not.

Basically, there is always a point where you will back that team and the odds dictate the bet, not the team. So where's the line? Apply that to each bet and you won't go far wrong.

[notanotherdonkey]

I have been on live roulette at a casino and one guy was going red at evens every time and it landed on black 15 straight times.It can sometimes be just down to luck and not percentage but I agree you need to keep to staking plans and if you hit a losing streak do not chase the losses.My motto is Tomorrow is another day and keep the faith.

[Rey86]

42 minutes ago, notanotherdonkey said:

I have been on live roulette at a casino and one guy was going red at evens every time and it landed on black 15 straight times.It can sometimes be just down to luck and not percentage but I agree you need to keep to staking plans and if you hit a losing streak do not chase the losses.My motto is Tomorrow is another day and keep the faith.

 

we dont care for other games than sport betting on this thread

[giraldi]

My opinion is that sport betting is learnable for sure but the problem is that you will need more and more resources (time for instance) as you are closer to real profit. Not everyone has patience and resources to do that. (I have not )

It is relatively easy and with a minor effort to study some afticles, books..anyone can transform betting from a black hole into a thing that will not give money but will not suck your money neither.  Maybe will just pay the correct price for the "fun" you have when your bet is win/lost in 92 min.

If you want to win money from betting, first off all you need to check if you "deserve" it.  Did you forget about luck/badluck and accept that s about knowledge and hard workl? Do you know more than other 99% of the bettors the teams involved in your selections? Are you able to calculate in short time complex probabilities?...and maybe there are another 10 similar questions. If you have just a single "NO" then is not good and... back to school.

Regarding the previous comments, probably what posted notanotherdonkey is not related to betting but it brings to attention a very impotant problem the begginers have to learn: the gambler's fallacy concept.  On short, from Wikipedia : " is the mistaken belief that if something happens more frequently than normal during a given period, it will happen less frequently in the future (or vice versa). "

 

 

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Edited October 2, 2019 by giraldi

[moggis]

Not only is sports betting a learnable game , you can learn enough to be one a profitable bettor in just one year . However two years is a lot more likely .

The very first thing to learn is that betting on short term markets of any kind really is a spectacularly stupid way of betting on sport for profit .

Long term markets are way way easier to beat . 

But the OP is like most other gamblers he will ignore what I’ve written as he only wants to bet on short term markets or because he doesnt believe me .

So really he’s asking are there any rules for betting on short term markets .

[Data]

On 11/6/2019 at 4:37 AM, moggis said:

Not only is sports betting a learnable game , you can learn enough to be one a profitable bettor in just one year . However two years is a lot more likely .

How many hours per day, and days per week are necessary? Is there an NVQ qualification?
 

[The very first thing to learn is that betting on short term markets of any kind really is a spectacularly stupid way of betting on sport for profit .]

You're likely accusing the majority of this forum's members of ". . . spectacularly stupid way of betting . . ."?
 

[Long term markets are way way easier to beat .]

If you say so.
 

[But the OP is like most other gamblers he will ignore what I’ve written as he only wants to bet on short term markets or because he doesnt believe me .]

More fool him eh?
 

[So really he’s asking are there any rules for betting on short term markets .]

I missed that reference in the poster's original query.