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  Getting Started with Sports Wagering
 

While our picks are guaranteed, please remember that this is GAMBLING. Anything can and will happen. Always wager within your comfort zone (more on money management below).

If you are new to sports wagering or are just curious as to how we wager on our own picks, this guide will outline everything for you. Unlike wagering on horse races, you don't have to worry about the live odds, late changes and other factors which typically require you to watch and wager live.

The first step in getting started is to find yourself an online sportsbook. We personally use DraftKings.com but we in no way endorse their service. You’ll have to see which online Sportsbooks are available in your state, only a few international sites will take business from US customers. Please do your research and select reputable companies only.

There are two types of bets:

• Wagers with lines – referred to as point spreads, run lines in baseball, puck lines in hockey...
• And Money lines.

A typical point spread pick would be "NCAA Basketball: Duke -5". This means that we are picking Duke to win the game by more than 5 points. To win the wager, Duke must win by more than five-points. It’s called a “PUSH” if Duke wins by exactly 5 points and your wager amount is normally returned to your account (some shady books count pushes as losses, avoid those). If Duke wins by less than 5 points or loses the game, it’s a losing wager.

The 5 points is also known as the line (or spread) and it is set by the sportsbooks. The lines may move slightly throughout the day so when you wager the default line might be "Duke -6" or "Duke -4.5". You can either accept the current line (which we suggest if the line has moved in your favor i.e. Duke -4 instead of -5. If the line moves higher, we do not recommend taking wagers that have moved by more than 1 or 2 points i.e. Duke -7) or you can choose to wager the exact line but typically at different odds. It's best to wager early in the day before the lines start moving. Once you have wagered, your bet and line are locked in, no matter what the odds do afterwards.

Another example would be "NCAA Basketball: Xavier +3.5". In this example, we are picking Xavier to either win or come within 3.5 points of winning. The team could lose the game by as many as 3 points and you would still win the wager.

Money line wagers require you to just pick the winner. However, payouts will be based on money line odds. For example, if a team’s money line is -150, that means you have to wager $150 to win $100. The flip side is also true. If a team is +150, then you win $150 on a $100 wager should your bet be a winner.

For example, if the pick is "MLB Baseball: Yankees -110" then we are simply picking the Yankees to win the game and not cover any scoring spread. In this case, if the Yankees win, you’ll need to bet $110 to make $100.

Once you have the pick, use your online sportsbook to place the wager. Most services allow you to enter the amount you wish to wager OR the amount you wish to WIN. The payoffs depend on the line (or spread) chosen. A negative line will result in even money or less while a positive line will result in even money or better. The sportsbook service will tell you how much you will win based on your wager before finalizing the bet. Choosing a higher or lower spread (or money line) will result in varying payouts. Note that our previous results and stats are based ONLY on the line as we have it listed in our picks.

Always be sure to double check your wager before finalizing the bet. Most services will not allow you to cancel or change a wager once placed. If they do let you cancel, a small fee will apply, and you will not receive a full refund.

 

   
Choose Sport and Team   Enter Wager Amount   Place Your Bet
       
   
Money Management is the Key
 

Money Management is the key to successful sports wagering. In fact, it is critical for any risk based “investment” be it the stock market or sports betting. The rule we live by is very simple, never risk more than 5% of your bankroll on any single wager.

For example, if you set aside $100 for sports wagering, then you should not bet more than $5 on each wager. You would have to lose 20-consecutive wagers to lose all of your money. The odds of losing 20 straight 50/50 propositions (win/lose) are 1 in 1.049 million. Exercising sound money management keeps you in the game and won’t allow the inevitable cold streak to wipe you out in just a handful of losing bets.

We suggest waiting to up your unit size until your balance has increased by $50.For example, when your initial $100 bankroll reaches $150, increase your bet size to $7.50. When your balance hits $200, up your wager amount to $10. If you lose a few and find yourself back at $150, drop your unit down to $7.50 again, and so on.

This is the money management system we utilize. There are many others out there, feel free to use what makes you feel the most comfortable, but we have found this system to be the most effective.

 

 
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