Tuesday, October 27, 2009

Profitable Sports Gambling Begins With Discipline

By Ross Everett

I get some of my best sports gambling concepts from non-sports gambling books. Thats not really surprising, since there are so few serious works addressing sports handicapping and gambling. Of all the various gambling related disciplines, sports gambling is perhaps the most complex. The paucity of written work on the subject is downright shameful in light of that fact. Since theres so little specific literature available some of the best theoretical resources available to the serious sports gambler can be found in books written for the serious poker player.

On one level, this is likely due to the fact that poker"like sports gambling"is a pursuit in which the knowledgeable and skillful practitioner can overcome the theoretical odds against him. To paraphrase the great poker theoretician Bob Caro, there are some professional blackjack players and sports gamblers in addition to professional poker players. There may even be a few professional horse players (though the house edge against the horse player is a hefty 17% or so). In the entire world, however, there is not one professional roulette player.

Basically, this is because that no combination of skill, strategy or money management can negate the house edge in roulette and many other casino games. While Caro likes to stress the importance of the decisions that a poker player makes to his long term profitability, in roulette player decisions simply don't matter over the long haul. Red or black, even or odd, the house edge remains the same.

Caro stresses the paramount importance of discipline to a poker player's long term success and profitability. It's important to keep in mind that to succeed as a professional gambler that you need to approach a trip to the casino with a diametrically opposite mindset to that of the recreational gambler. A recreational gambler heads to the casino to *avoid* discipline and 'unwind'. The professional uses discipline to his advantage.

And the lesson that Caro gives to the would be expert poker player is the same lesson that Im going to give to you here. The first step toward becoming a successful sports gambler is to approach it with the same discipline that youd approach any other job. You must start to think about sports and sports wagering like a professional and not like a recreational gambler. The greater degree to which you can apply a regimented framework to the sports betting process, the greater degree to which you will be successful at it.

There's nothing wrong with being a recreational sports gambler, or a recreational gambler of any sort. They're vital to those of us who do this for a living since they're what keeps casinos and sportsbooks in business. Ultimately, the best handicapping is pointless without a sportsbook to take the action.

If you want to bet recreationally, thats fine and unless you have the dedication and discipline to do it right its probably better for most people. You might be able to win more often and lose less frequently with some enhanced discipline. Ultimately, however, as a recreational gambler the only discipline you really need to know is the same as for other casino games or any hobby"just dont bet more than you can afford to lose. After that, youre on your own.

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