Powered by Article Dashboard

Search:

Home | Basketball | Nba Scout


Offshore Betting Tips - Spread Your Action

By: Rich Allen

Recently I discussed one reason why you ought to have numerous places to bet if you're wagering offshore. That was the ability to be able to line shop, to look for the best number accessible on a particular game. But there's another rationale that's even more vital because it directly impacts your wallet.

The other key reason to have several outs is it allows you to spread your action about. I'll let you in on a little secret: sportsbooks don't like winners. I know, I worked at and operated one for almost 7 years. If someone is kicking your head in on a frequent basis, you get sick of it. That's not what they're in the business for, they desire to make money. They get particularly mad if someone is betting 'the steam,' either generating it or following it.

What is steam? Well if you follow a line service that shows odds for multiple sportsbooks you see that whenever a line changes at a shop, the number goes black. If all the shops are shifting their number at the same time, the screen gets 'painted black' and you know 'steam' action came in. This is because one or more of the big betting syndicates has come in HUGE on a distinct side of a game.

I'll give you an illustration of this scenario in action. The linesman for the sportbook has his screen open. He gets transferred a call because it's from one of the book's big players. After confirming his password and balance the client asks for the total in the Boston Celtic-Cleveland Cavaliers game. The linesman looks at his screen: 197 everywhere so he reads the client 197. The customer says, "I'll take the over for the maximum," and as the bet is being processed the sportsbook operator sees the screen going nuts: 199's and 200's are popping up all over the place. He's just been burned for an extra 2 to 3 points.
And more regularly than you imagine the ultimate score of that game will end up in the 198 to 199 range.

Nothing will get you kicked out of a sportsbook faster than betting steam. But something that comes in a close second is winning day after day, night after night. Now they're going to think you are with a syndicate or betting someone's successful approach. Let's see what would have happened if you were betting my systems this fall when American football started and you were following the rules of betting between 2-5% of your total betting bankroll and only doubling your bet amounts once you've doubled your betting bankroll. Let's see how this would work in practice.

Let's say the starting bankroll is $10,000. A 2% bet to start would be $200. To double your bankroll to get to $20,000 you would have to to win 50 units (a unit being whatever quantity you are betting, in this case $200. If you began at the start of American football season on Sept. 10th, by Nov. 21st you would have doubled your bankroll. That's how long it took the system to accumulate +50 units. That was in only a 10 week span, which means you're a $200 bettor and you're averaging a $1,000 profit every week. In other words your sportsbook is NOT happy. Especially since you then doubled your bet sum to $400. By February 19th you would have built your bankroll to $40,000!

Now I've had people ask me what they should do in this situation. We've already discussed one factor to help relieve the burden, have multiple accounts where you can space your action around. This way you won't draw as much attention to yourself. The second thing you can do is take regular payouts. This way you won't build up your balance so high at one shop, and if they make a decision to throw you out without paying it won't hurt too badly.

Will a sportsbook do that? It's become less and less regular with the growth of review sites and posting forums, because if word gets out a book isn't making good on its losses they'll have a huge setback attracting customers. But I won't guarantee that it can't happen, even in this day and age. Most places will tell you they don't want your action anymore, make good on the loss, and close your account, but why take the risk?

Having multiple accounts is an absolute requirement if you're going to bet offshore.

Thanks,

Rich Allen

Article Source: http://sports-articles.net

Rich Allen is owner of the Sports Betting Professor website www.sportsbettingprofessor.com. 2 years ago he hired an actual PhD Statistician to develop a quantitative system to win consistently betting on American Football, NBA Basketball, College Football and Major League Baseball. His results have been stellar. The Average Guy, Can Learn The Secrets Of His Sports Betting System And Propel To Unthinkable Winnings For Life!"

Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive NBA Scout Articles Via RSS!