5 Facts About Sports Betting Part 1

I guess there's no better way to kick off this blog than to point out the facts. Some of them cold and harsh, some of them nice and comforting to know. However, just as you seasoned punters think that you already know almost everything there is, you'll be surprised at some of the stuffs that I am going to discuss here.

I've personally kept a log book of my 8 years of betting experience. When I lose I analyze the losing bets - did I give in to the temptation of a high payout? Was it a rash bet (hoho, speaking of the devil)? Or did I simply analyzed everything wrong?

And of course, when I win, I don't just thank the divine intervention, I try to reason out all the bets, so that I can log all my streaks, and understand why it sometimes go up and down.

Just before you start having a go at me in your mind (hey, who's this guy trying to act all-knowing), I just want to clarify that all these are my personal opinions derived out of my own experiences. However, having studied journalism for a year before, I figured that I better back up these first series of sports betting fact with some prominent source.

GQ USA's March 2008 issue did a feature about sports betting. Basically a 17 pointer beginners guide for sports betting. The title is called "The 100% guaranteed, expert-tested can't lose GQ guide to betting on sports". I enjoyed reading that whole feature (go buy a copy if you haven't) and picked out some of the facts which they stated and I can relate to. So here goes:

Facts about sports betting #1

1) THE ODDS ARE AGAINST YOU. I say nothing can be more true than this statement, afterall the bookies are running billion dollar businesses and trust me, they do whatever it takes to win your pitiful pocket money.

2) IT IS POSSIBLE TO BEAT THE BOOKIES OVER TIME. This is my stated fact and you need to start registering this for you to start getting ready for that fact.

3) AT LEAST 50% OF YOUR LOSING BETS WERE PLACED ON IMPULSE, OR IN GENERAL, A LACK OF PREPARATION. Go on, think back and be honest, then tell me this is wrong.

4) BET OVER YOUR LIMIT AND SHIT WILL HAPPEN. You might have won a big jackpot once in a blue moon, but most experienced sports bettors will tell you that luck is definitely not something which you should count on when dabbling with sports betting. Know your limits and keep to them, please!

5) THERE ARE PROFESSIONAL SPORTS BETTORS OUT THERE. Trust me on this, there are! I am a walking testament to this group of people who are usually very underground but I've done my research, met a couple of them online and offline personally and let me tell you there are professionals around. They make up probably less than 5% of all the sports bettors around the world.

Here are the 5 facts for you then, nothing too controversial or exciting at this point but trust me, the good stuffs will come if you continue to come back. I know most of you are probably very curious about the part with professional sports bettors, so that is exactly what my next post is going to be about. Stay tuned and have a great winning day!