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. Having multiple books allows you to shop around a bit for the best line. You will often see slight differences in lines as books are trying to balance the exact money that is being bet at that book.

• In a realm where the edges are very slim, gaining an extra half point or less juice is a great bonus to our bottom line.

Get down on your action as soon as possible

• When a bet is given out by someone at GuruElite, whether it be Cheetah, Rob, Tommy, NightGhost, MadLab, Duke, myself or others, you will often see the line move throughout the day. Getting your bet down as close to the time of posting is a big help to increasing profit.

• Here is an example:

  • Rob releases his bets on totals for NBA every morning. Let’s say he posts a bet for under in the Nuggets game at 218. You would want to bet that in the morning. Oftentimes you may see that line shift as sharp money flows in. That line very well may be at 215 by tipoff and a good amount of the value is erased.

Avoid the “tilt” bet

• One of the biggest drains to a bankroll and profit is the “tilt” bet.

• It’s one of those days where you just lost your last 5 bets and are looking to “make it back” with the final game of the night. Don’t overbet on a game that you may not have even bet on had it not been for your 5 straight losses earlier in the evening.

• A great example of this is Hawaii college football. Hawaii home games are often the last game on a Saturday college football slate. Books see a ton of action on these games as people are chasing their losses for the day. There is nothing wrong with betting this game if you see value, but don’t go overboard for the sake of trying to make up for previous losses.

Avoid the massive bet because of the “great situation”

• Even if a situation with a massive edge pops up, it doesn’t mean we should throw our entire bankroll onto that game. There is no such thing as a sure thing in sports betting. If there were, the books wouldn’t be in business and everyone who bets would be a millionaire.

• A great example of this is via live betting on Christmas Day in the Lakers/Warriors game. Lebron was injured in the 3rd quarter and would not return to the game. At the time of the injury, the Warriors were trailing by 14 points. The odds for the Warriors to win the game were +250. This was very good value because you have the star studded Warriors at home playing against the Lebron-less Lakers. Everyone just assumes that the Warriors will come back and win this. The Warriors end up rallying quickly and pull within a few points. Now most people think the Lakers are cooked and that their massive Warriors bet is gonna pay off. Well……the Lakers go on a big run and end up winning by 26 points. Many people might dump 10% or 20% of their bankroll into a situation like this. Don’t do that!!!! Set a max amount that you are willing to have at risk in one outcome such as 5%.