Gambler’s Fallacy Explained | An Error You Need To Avoid
Gambler’s fallacy refers to the mistaken belief that a series of results will alter the chance of it happening over the future. It’s a common error made by casino and …
Recency Bias | How Sports Bettors Favour The Here & Now
Recency bias is when individuals value recent events over historical ones, believing they provide more insight into how things will play out in the future. This irrational tendency can have …
Favourite-Longshot Bias | Why Longshots Are Overrated In Betting
The favourite-longshot bias refers to the tendency for longshots to be overrated, in terms of their chance of winning, compared to favourites. In other words, the odds for longshots are …
Survivorship Bias In Sports Betting | How Bad Tipsters Get Subscribers
In general terms, survivorship bias means concentrating on successful entities (the “survivors”), thereby overlooking unsuccessful “non-survivors”. Sports bettors will often only consider ‘winning’ tipsters, without giving a second thought to …
Betting Strike Rate Explained | The Importance Of Win/Hit Rates
The Strike Rate is a term used to quantify, in terms of frequency, the amount a system, tipster or bettor wins. Here’s everything you need to know what the Strike …
Traits Of Professional Gamblers | Characteristics & Skills
What makes a professional gambler successful? What separates a pro gambler from the vast majority who lose? Of course, strategy and methodology plays a huge part. Intelligence and analytical skills …
10 Biggest Challenges For Betfair Traders | Problems To Overcome
Thinking of becoming a professional Betfair trader? There’s a lot of challenges that you’ll inevitably face along the way. It’s tough to consistently earn from Betfair, so it’s best to …
How Much Do Pro Gamblers Earn From Sports Betting?
It’s estimated that professional sports bettors typically earn upwards of $25,000 per year. But it’s incredibly hard to verify that figure, because most sources of data are non-existent, inaccurate, and …
Beating The Closing Line | The Key To Profitable Sports Betting
Beating the Closing Line refers to obtaining better odds than the final pre-event odds. This is also known as ‘beating the Start Price’. Bettors that can find a way to …
Prevent Bookmaker Accounts From Being Restricted Or Closed
There are several reasons why Bookmakers restrict or close your betting accounts. Usually it’s because you’re betting smarter, or making more money, than they want you to be. If you’re …
Can Sports Tipsters Be Trusted? – Dangers In Following Tips
Professional Tipsters earn a living by recommending selections to their clients (sports bettors). Some punters are satisfied with the intel they receive, whilst others feel cheated. Relying on Tipster recommendations can be a naive and …
The Paramount Importance Of Sample Size In Betting Analysis
Sample size, in a sports betting context, refers to the amount of data items you base your analyses around. Short-term results from a small (and insignificant) sample do not say …
How To Make Money & Earn A Living From Sports Betting
Here’s a question that’s regularly asked: “can you make a living from sports betting?” The answer you’ll usually find to that question is a confident, flat-out “no”. It’s often followed …
How To Avoid Bad Tipsters & Other Sports Betting Scams
Finding profitable tipsters isn’t as straightforward as it first seems. Simply choosing a tipster based on its impressive ROI, without delving any deeper, is a recipe for disappointment. The pursuit …
How Efficient Are Sports Betting Markets? Can I Beat Them?
With any market, the more participants, the more efficient it becomes. The same applies to sports betting markets. In order to become a profitable bettor, it’s important to be aware …
How Do I Know If My Betting Results Were Luck Or Skill?
I recently contributed an answer to the Trademate Sports ‘Industry Experts’ blog series for the question: how can I determine whether my betting results were based on luck or skill? …
10 Things Every Sports Bettor Needs To Know About Odds
If you’re new to the world of sports betting then the first thing you need to get your head around are the odds — also referred to as the “prices”. …
Asian Handicap Betting Explained | How AH Bets Work
Asian Handicap markets enable punters to bet on the outcome of a football match where one of the teams are given a goal “handicap” that’s either positive or negative. It evens …
How Do Bookmakers Earn? How Big Is Their Edge?
Bookmakers accept bets on all outcomes of an event in order to generate a profit regardless of which outcome prevails. If the odds offered by the Bookmaker are “fair” then …
10 Common Betting Strategy Mistakes (Biggest Flaws)
Trying to devise your own profitable betting strategy? It’s highly challenging, time consuming — and there’s a distinct lack of resources to guide you. So there’s many wrong turns you’re …
Staking Plans — Betting Bankroll Management Guide
Here’s a big piece of advice: don’t fixate on staking plans. They won’t improve the profitability of your strategy/system unless it already has an advantage or positive ‘edge‘. Always verify …
Betting Variance — Am I Really Winning?
One of the biggest problems in gambling is that people convince themselves that their winning streaks were more than just pure chance. But it’s not about what you’ve made before, or …
Calculate Expected Value (EV) — The ‘Edge’ Of Your Bets
Expected Value (EV) is a measure of how much a bettor should expect to win or lose per bet (or collection of bets) placed on the same odds time and …
The Flaws In Placing Multiple Bets All In One Sitting
I’ve noticed that many punters are accustomed to backing multiple selections in one sitting e.g. the night before a race. For practicality reasons it makes sense; not everyone is able to bet when they’re …