Archive for December, 2011

It is truly amazing the lack of respect professional sports betting enthusiasts receive from other industries. Despite, spending the time to basically calculate risk management the same way a hedge fund operator or stockbroker does to earn their living, bookie software agents are often frowned upon by other white-collar professions. Today we’ll look at why sports betting is as much as an investment, as buying stock on the New York stock exchange.

Being a good stockbroker is as much about making a personal connection with clients or businesses, as it is about properly researching, to provide you with the best odds to buy or sell a specific stock. In the sports gambling industry, handicappers, spend as much time making connections with bookie software sites, as they do reading the daily line in the local newspaper. In other words, the handicapper, is looking to make connections, so that when he or she places a bet on the number five horse at 80 to one odds, they have an inside edge that will allow them to make a profit by the end of the day.

Comparable to the stock market industry, the sports betting industry is about playing percentages towards everything. For the average handicapper, if they can win between 45 to 55 percent of their NFL bets, they are considered the top of their industry. At the same time, a stockbroker who can sell five out of 10 stocks is laughing, because they have made a profit on half of their selections for the day.

Sports betting in fact is a better investment then the stock market, because of the amount of return on your wagers. For instance, in the earlier example of taking a horse with odds of 80 to one, you could stand to make between double to 100 times more money on the line, depending on how much money you put down. On a stock, you have to wait a few days, even weeks to make a significant profit.

College football betting enthusiasts have gone from gambling on the ridiculous regular season to the intense bowl season, after the schedule was released last Sunday. To say every BCS Bowl Game, especially the National Title game was met with criticism, would be the polite way of putting things. Depending what side of the NFL argument you are on, you are either thrilled or distraught at the rematch between LSU and Alabama set for January 9, 2012. Here is a preview of the game.

Depending which one of our colleagues you read, the winner of Alabama v LSU should be considered the best school in the nation. In our humble bookie software agent opinions, we disagree with this viewpoint. To us, the National Champion should be determined based on not only a good record, but also by teams in elite conferences winning their conference’s championship game. In any other season, LSU v Alabama would have never happened for a couple of reasons. Firstly, the two teams already played each other, due to a scheduling issue and LSU proved they were the better team. Secondly, both teams are in the same conference, and it is rare that two teams from the same conference meet in a normal bowl game let alone the National Title game. Thirdly, and perhaps most importantly, because of their loss to LSU, Alabama wasn’t able to qualify for their conference championship game, so why should they receive a National Title berth?

Throwing all three of those previous points out the window, and fans from around the nation will argue, that the two best teams are basically playing each other. With this in mind, we truly feel that the rematch will go the same way as the first contest, ending in an LSU victory. LSU has proven the entire season, that they are far and away the class of the NCAA.