Betting
Why I am Better at Sports Betting than You, pt. 1
Don't be a loser like Joe. I don’t bet teams: Betting teams is for Joe at the VFW. Joe reads the daily papers and has had the same bookie at Jim’s Dive Bar for 15 years. Joe thinks he knows who will win the big game, Joe has locks, Joe knows if a QB has a…
NFL Betting for the Sharp Bettor, pt. 1
Tom Brady is projected to have 25 completions, is over 23.5 -130 a good bet? LeVeon Bell is projected to have 90 rushing yards, is over 102.5 +160 a good bet? These are the questions we will answer in this article. As a starting point, we need to come up with a definition of what makes “a…
NFL Betting for the Sharp Bettor, pt. 2
In my last article, we explored the concept of EV and how to apply it to the evaluation of some common NFL prop bets. In this, the second in the series of 3 articles, we'll discuss what to do when you identify that something is a good bet. Proper bet sizing can be the difference…
NFL Betting for the Sharp Bettor, pt. 3
In this final instalment of my NFL betting series, we will go deeper into ways to find +EV bets for yourself. But first, a confession. +EV Ain’t Easy Loyal readers, I haven’t lied to you but I have misled you. I’ve been talking about +108 coin flips and 25 projected completions when the line is 23.5 as…
A Beginner’s Guide to Sports Betting
Sports betting is as popular as ever in the USA. This guide will introduce you to basic concepts like moneylines (also called wagerlines), point spreads, and probability, in an attempt to show beginners how to bet on sports.
Sports Betting Strategy, 101
Money Lines The most common MLB bet has to be the money line. Unlike most sports, there isn't a point spread involved in handicapping baseball. Let’s say the Orioles are playing the Yankees and the Yankees are -165 on the ML vs the Orioles at +155. When you're betting on a favorite at -165 (Yankees), you'll have to risk $165…
Soccer Betting, 101
Betting in general is tough. We grind over numbers, look at trends, watch games and make judgements on form. Before all of that, are the basics. Soccer in particular is slightly different than other sports. In this article we’ll explore the basics of betting on SOCCER, or football as the rest of the world calls…
The Betting 101 Podcast Series
Bankroll Management To download the podcast, click here! Buying Points and Teasers To download the podcast, click here! Closing Line Value To download the podcast, click here! Making Numbers To download the podcast, click here! Parlays To download the podcast, click here! What is a Point Worth? To download the podcast, click here!
Formula 1, 101
Hi, everyone, I’m Jesse Weller, and starting today I’ll be providing Formula 1 bets here at Guru Elite!I’m assuming most of you are here in the US, so it’s likely you’re not that familiar with Formula 1. With that in mind, I’ve compiled a quick breakdown that, I hope, accomplishes 4 things: Introduces you to the…
Paulie’s Gambling Education Series, pt. 5: Teasers
What is a teaser? A teaser is a parlay in which you get additional points added to your games. Here is a basic example: GB is -8 over DET and NE is -12.5 against MIA. You can do a 2 team 6 point teaser at -120. You now have a parlay of GB -2 over DET and NE -6.5…
Paulie’s Gambling Education Series, pt. 2: Tracking Results & Maximizing Profit
How to Track Your Results and Refine Your Process to Maximize Profits One of the biggest differences I see between recreational and profitable bettors is tracking results and refining your process based on those results. As someone who does this for a living, I have built up a wealth of knowledge and data over the years…
Paulie’s Gambling Education Series, pt. 3: Tilt
One of the biggest drains on bankrolls is tilting. We all have done it. We go on a cold streak and keep chasing and chasing and before you know it, we have either blown through our bankroll or have such a small bankroll now that our bet sizes are so small that we can’t ever…
Paulie’s Gambling Education Series, pt. 4: Live Betting
We all love watching sports and cheering for teams who we have bet on. Sure, betting on a game before it starts is great and all, but don’t you sometimes think “I know this team is gonna come back and win this game”? Well, that’s exactly what live betting is for. Live betting can be one…
Paulie’s Gambling Education Series, pt. 6: Parlays & Round Robins
What is a “parlay”? A parlay is a combination of bets that only pays out if all bets are won. Here is an example: You bet $40 on Chiefs -7 parlayed with Patriots -3.5 and Packers -4. The payout for this wager is +600 meaning you profit $240 if you win the bet.…
Kelly Criterion: How to Maximize Your Gains & Minimize Your Losses
If you knew you would win 100% of your bets, you would be a fool not to bet your entire bankroll on each bet. This would maximize your return and, because you knew 100% of your bets would win, you would have 0% risk of going bust. If you knew you had 0% chance of winning…
How to Bet NCAA Conference Tournaments
March Madness is my favorite time of the year. There are hundreds of high-intensity, pressure-packed games, resulting in many down to the wire finishes and a few thrilling buzzer beaters. The Big Dance is the darling of the masses but from a betting perspective, Conference Tourney time provides more opportunities to find value due to…
Paulie’s Gambling Education Series, pt. 7: Bankroll Management
One of the biggest keys to being a successful bettor is bankroll management. There are three ways that you can define a “bankroll”: Casual Bettor: A monthly or weekly bankroll This person sets aside a certain amount that they are willing to lose in a given timeframe. Example: $100 per week set aside for…
Paulie’s Gambling Education Series, pt. 8: Tips to Improve Profit
One of the questions I get most often from people is “What can I do to make myself more profitable?” Well, here are 4 key items to look at in order to reach the goal we all want…...make more $$$$$. Have access to multiple books Having access to more than one book is paramount to success.…
Baseball Betting, 101: Types of Bets
Money Line Unlike NBA and NFL where bettors typically wager against-the-spread (ATS), MLB bettors primarily rely on moneyline (ML) wagers. The moneyline in MLB is usually a dime line, which in general, is the lowest vigorish of all the major sports. What a dime line means is if a team is -140, the dog would typically…
Baseball Betting, 101: Understanding MLB Odds
I think one of the single biggest misunderstandings that the DFS community and the general public has is where betting odds come from and how they are shaped. To be clear: THEY DO NOT COME FROM VEGAS! To understand betting odds it is important to understand the life cycle of a line. Life Cycle of an…
Baseball Betting, 101: +EV MLB Betting
Possibly the most overused statement in life right now is declaring something to be +/-EV. For Example: “Eating that spicy fish sauce was -EV for my ass,” meaning said ass is not doing so well because of the spicy fish sauce. But in reality, the term only loosely fits the situation. Let’s break down what…
Paulie’s Gambling Education Guide, pt. 1: Habits of a Profitable Bettor
Set A Bankroll Determining a set amount as a bankroll is a great first step into gambling with the intention of profit. There are many ways you can define a bankroll: A “total” bankroll number 1 bankroll for each sport you bet (what a large number of professional gamblers do) A monthly or weekly bankroll which is a…
Paulie’s Gambling Education Series, pt. 9: “Middle” Bets
What is a “middle”? A middle is a situation where you can win 2 bets that are placed on the opposite side of each other. Middles are most often found in the NBA and the NFL. Here is a basic example: Let’s suppose we take the Celtics at -2.5 against the Raptors. The line later…
Intro to Golf Betting, pt. 1
With the 2019 PGA Tour season starting this week, I wanted to introduce everyone to golf betting. I want you to be able to learn what you are betting, have fun and of course make money!!!! In this two part series, I’m going to walk you through: Part 1 Basic Golf Terminology/Questions/Vocab Why bet on golf? Part 2 Overview of…