How To Become A Sports Betting Consultant
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Celebrity handicapper Steve Stevens from CNBC's original series 'Money Talks' provides simple explanations of sports betting terminology. Today's topic: What. Love for sports and math brought me to sports betting. I was born in 1980 in a small town in Europe and I definitely never thought that I will be involved in some kind of sports betting or even being a sports betting consultant that will later become an entrepreneur and help sports.
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Sports betting is an emotional pastime, combining the passion of the sports fan and the thrill of a wager. When you have a room full of sports fans who have money riding on a game, tensions in sportsbooks can run a little high.
If things get out of hand, you could find yourself ejected and banned from your favorite sportsbook. While most bettors are well-behaved, we’ve put together a list of sportsbook do’s and don’ts to help you avoid an early exit!
1. Don’t Beg, Borrow, or Steal
If you’re seen borrowing or asking for money from another bettor to fund your bets, you could find yourself on the other side of the doors. Even if you just want to borrow from a friend, it’s not a good place to be as a gambler.
Don’t have the bankroll to cover your sports bets? It’s time to call it a day. The number one rule of any sports betting strategy is proper bankroll management, and the second is never to chase your losses. Just sit back and enjoy the game while soaking up the sportsbook atmosphere.
Of course, the whole ‘no stealing’ thing goes without saying. It’s a big no-no, will result in an automatic lifetime ban, and may even get you arrested. It’s not worth it.
2. Drink Responsibly When Placing Bets
While free drinks at Vegas sportsbooks are slowly becoming a thing of the past, some sportsbooks have a set minimum bet – as much as $100 – before you qualify for a single ‘free drink’. Of course, most sportsbooks notoriously include a well-stocked bar where sports-hungry bettors can purchase any number of alcoholic beverages.
It’s easy to get carried away while enjoying the game (and a few drinks). That said, being drunk and disorderly in any public place is out of order. It’s never a good idea to bet under the influence of alcohol, yet it is one of the most common mistakes made by casual sports bettors. It clouds your better judgment and can easily cause you to lose a lot of your bankroll.
Keep your wits about you to ensure that you can follow the game and your bets. If you’ve had a little too much to drink, head home (or to your hotel) to sleep it off or go have a good meal… with water! The sportsbook security staff is used to poor behavior and might remove you, pour you into a taxi, and ban you for good.
3. Don’t Get Physical
We all know emotions can run high during a sports game – and even more so when there are big bucks at stake. There are zero excuses for becoming aggressive. Keep your cool and your hands to yourself, or you’ll be tossed out. Worse, you can face criminal charges.
4. Don’t Be Rude to Kiosk Staff
This goes for any member of sportsbook staff for that matter. Manners cost nothing, but being impolite could cost you access to your beloved sportsbook. Ticket writers, bar staff, and hosts are there to provide you with an enjoyable betting experience, but that doesn’t mean they’re paid to put up with any nonsense. Be a decent human being and everyone will be happy!
5. Don’t Take Advantage of an Incorrect Line
At a sportsbook, line shopping isn’t a common option. Every so often, however, you’ll find an incorrect line which offers you much better odds than usual. With so many sporting events taking place every day, mistakes in the line are bound to happen.
This unwritten rule applies to pretty much any sportsbook you go to: If you spot an incorrect line make a bet on it, the sportsbook will typically honor that ticket. However, fair play works both ways: If you’ve located an error but choose to make multiple bets on it, the sportsbook is well within their rights to escort you from the building.
6. Keep the Trash Talk to a Minimum
A bit of banter with the opposing team’s fans can be a bit of harmless fun, but there’s a line and you should be respectful of it. No one likes a jackass, and if your words are causing offense, you’ll promptly be ejected.
7. Don’t Sit in Reserved Seats
Many sportsbooks have areas, booths, and seats that can be reserved by regular patrons or VIP members. They may be plush, super comfy, and the best seats in the house, but if there’s a reserved sign on it, it’s out of bounds.
Sportsbooks keep records their reservation lists, so don’t be tempted to remove the ‘reserved’ signs and sit there anyway. If you’re caught doing that, you risk being asked to leave.
Fully Enjoy the Sportsbook Betting Experience
Watching sports and placing bets in a sportsbook is one of the best ways to enjoy sports betting. They offer a viewing and betting experience like none other, but not all sportsbooks are made equal. It’s crucial to remember that some cities and countries do things differently.
Check out the best gambling and sports betting destinations around the world, and start planning your next vacation!
I am MB, the founder of this site. Father, Bet Analyst, Entrepreneur, and Sports Betting Consultant (important: I don’t sell any picks). I want to quickly share my story, my ideas, and my philosophy of both – betting and life in general.
My whole work is dedicated to making a positive impact on Sports Bettors Lives all over the World. That’s the ultimate goal.
But before we continue, I want to thank you for taking your time and reading this.
Love for sports and math brought me to sports betting
I was born in 1980 in a small town in Europe and I definitely never thought that I will be involved in some kind of sports betting or even being a sports betting consultant that will later become an entrepreneur and help sports bettors all over the world. My parents always told me – go to college, get a job and this is the formula for a happy life.
I love them with all my heart and I couldn’t be this person without them. But I ignored that advice later when I was in college. They lived in some other political system, without the internet and since then things have changed dramatically.
Formal education is not that important anymore. Of course, there are still jobs, that require formal education. You can not become a doctor by watching youtube videos. But on the other side, with the internet, many new jobs were created that didn’t exist before.
Sports betting for a living
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Sports bettors, betting consultants, sports betting entrepreneurs, bookmakers, sports betting analysts, affiliates, marketing… those are only a few that make a living from the World of Sports Betting.
Many people make a living from sports betting (either from actual betting or the things that happen around betting) and there is no specific college for this.
Even in my wildest dreams, I didn’t think I will become a sports bettor and an entrepreneur who will later make a living from sports betting.
First steps into the World of Sports Betting
I made my first bet when I was 17 years or 18 years old. Back then there were no age restrictions in our local bookie shop because the lady didn’t ask you how old are you. She gave you the ticket and after the games were played, she paid you the profits.
We were kids, who loved sports and we’re looking for the winners. Of course, back then we didn’t have much success. It was just fun and focusing on winners would never bring me to the point where I am right now.
I was lucky
But I must be honest here because I had luck. If I wouldn’t have the luck, I would still be at that level. Looking for sports betting picks, bet winners, guaranteed picks, locks, and all other crazy things, that don’t work.
A couple of things happened that changed my life and helped me to make a living from sports betting and those are the things that I honestly didn’t have any impact on:
- My father was a goalie for a local football team and at the same time a professor of mathematics. He showed me a love for both – sports and mathematics. He showed me how two think like a mathematician and this is for betting much more important than love for sports. I had the ability to look at betting through the numbers and understand quickly the market and betting theory. Sports betting without the numbers is just a sport. And most bettors are stuck here. I was lucky because of my father.
- My first computers. My father also bought a computer when I was a kid. And not many people back then had computers in Yugoslavia, where I lived. Atari, Commodore 64, and Commodore 128 were the first computers I had at my home. I later never went deep into programming, but this definitely helped me to understand the importance of computers.
- When I finished high school, my aunt who was at that point already a successful businesswoman gave me a book as a gift. Susan Jeffers – Feel The Fear And Do It Anyway. That was huge. I was very lucky because of that and this was my first meet with personal development books. Later in my life, I made a lot of mistakes and had my own path. Especially my 20’s were very turbulent, but I always knew how to find confidence and come back when I was down, I knew exactly where to find information about success and I only needed to decide when to push a button. Back then most people never even had contact with the personal development book. To become successful in betting we also must study success. If not, then it is just sports betting, which is not necessarily successful. I was lucky again.
The College, Statistics, Algorithms
The big change started when I moved to a capital city to study at a college.
I was studying Water Science and Environmental Engineering. Never finished it, despite I passed most exams.
Later I found, that this was the best decision (for me) because I would never be a good Engineer. You must love what you do and I didn’t really love water science, building bridges, or drainage systems.
But I learned a lot in the college, especially how to use statistics and without this knowledge and without college, I couldn’t become what I am now.
Because of the college:
- I learned how to use excel and statistics. Water Science was all about statistics and excel back then. I was not the best student, but I still learned many very useful things, that later helped me in betting
- I learned the importance of numbers and algorithms. All serious businesses, companies,… and of course bookmakers use analytics. I was lucky to understand this from the start. Later it was just how to master this in betting.
Betting the Value by Comparing Odds
Understanding the value is still one of the hardest things to understand for many bettors. But again I was lucky to understand this quickly. It was a combination of my understanding of math and the location where I lived.
I didn’t focus anymore on who will win the game, because this is completely worthless, but back then I saw that our local sportsbooks simply copy odds from the biggest online bookmakers. What I quickly realized is that they were very slow by moving the odds.
I was simply comparing my local sportsbook odds and the odds from the biggest online bookmakers. It happened many times back then that online bookmakers moved the spread from +7 to +3 and our local sportsbook still had at +6.5.
And this is what I was betting. And this was the value. The online market represented let’s say true probabilities and the prices, while our local sportsbook didn’t move the line.
I didn’t focus on winners, but simply on the numbers and the price that I pay.
I made a lot of money back then. At least for me as a student.
Local sportsbook started banning my bets
But the first problems started when they started locking my combinations and tickets. And this happened pretty quickly. It happened many times, that I had to move to different locations to try to bet or even ask my friends to bet at the same time on different locations.
I saw that this will not work anymore and the local bookmaker started moving the lines much faster. Because of high margins, I knew I had to find another way.
Sports Handicapper
I decided to research the market and I wanted to find a sport or the league that can be described with the numbers. I wanted to have a sport with a lot of data, so I can start betting based on my analysis.
I found that baseball is the perfect match for me.
I came from a country, where nobody watches baseball. But I knew that I must separate what I love (soccer) and where I can make profits.
I was pretty successful with my MLB betting and at the same time, I was a participant of all kinds of betting forums, portals, books, etc… I was even invited to secret betting groups, asked to sell picks (I even did this for a short period of time – but this is against my philosophy), and was connected with some of the best sports bettors all over the World.
The identity of a Sports bettor and person
Betting and numbers are my passion and this passion is the same now. But in my 20’s I didn’t pay much attention to the bigger picture of life, success, and development.
I had the access to the right information and books. They always helped me to get back up when I was down in my life, but I was still young. Even if I made money with betting I didn’t keep it. I spent it on parties, girls,… and also my money management was not perfect either.
I didn’t have the right plan for what to do with the profits and there were a lot of ups and downs, despite I made very good analyses and bets.
This was the time of searching for my identity as a bettor and the person. I had a great time back then and I also met friends for a lifetime. It was crazy and epic at some point, but there were also very tough periods of time.
I was making profits with betting, but I still ignored the overall picture of life and I was not fully satisfied.
So I went back to books, reading, and started asking questions about life, what to do with betting profits, investments, business, how to generate more income streams, …
After I connected all the dots I started looking at betting and my life from a different perspective.
The freedom and my philosophy of life
I was reading books from Anthony Robbins, Napoleon Hill, Stephen Covey, Robert Kiyosaki,…. later more spiritual from Eckhart Tolle, etc…
And I tried to learn more about me, my life, money, and success.
When I look back, I always wanted to motivate people and help them. When I was young, it was probably because of my ego, because I felt great. And this is of course also a reward. We all need such small rewards. But later I saw that I am really happy if I help someone to succeed.
Three things are very important for a happy life: good relationships, that you make a living with something you truly love and the third is that you make a positive impact on the world and the lives of other people.
My motivation was always freedom
I loved betting and the numbers, but the biggest motivation was never real money. It was always freedom. Some concepts are explained in the book by Tim Ferris – The 4 Hour Workweek. And this is why I started re-investing my profits and building more income streams. I am huge believer in “it is more important how you make money, than how much you make” (Gary Vaynerchuk).
Positively impact on sports bettors lives
During all these years, I was of course following what is happening in the sports betting world.
Sports Betting Picks, Sports Handicappers, Picks Services grew every year. There were more and more bettors, who were selling picks. And with social media, the whole thing came out of control.
Everyone who has 5 minutes of time sells or shares his picks now. Millions and millions of bettors look for magical bullet, but there is no quick solution.
Not only that following or paying for picks will not help most bettors in the World, the craziest thing is that the whole thing became 80% marketing and only 20% betting.
Most sports handicappers and betting services don’t use any statistics for betting, don’t even track their bets, or talk about important betting topics, like closing line value, betting algorithms, betting models, finding a value, etc…
This is where I decided that I want to share my story, my views and the way how I bet. Going deep with the betting topic and sharing information that can really make sports bettors better every day is my passion. I simply love this.
I decided not to focus only on how to find picks, because picks will not help you. But share the bigger picture about betting, where the focus is on how to start using the numbers and become successful.
Sports Betting Site with the value
I decided to create this site to share my knowledge and how I bet and what is my philosophy.
The goal is to change sports bettors lives forever. This is what makes give me extra happiness and satisfaction in my betting world.
Proud father who looks peace in his life
I am a simple person and not a typical sports handicapper. I don’t even call myself a handicapper, maybe a better word is a sports betting analyst and entrepreneur.
I am now in my 40’s and I was never really impressed with lights, flash, Casinos, and similar things. Two cities that I will probably never visit, despite many people ask me this, are Las Vegas and Dubai.
I love peaceful people, peaceful places, and nature.
My daughter means the world to me and I am grateful, that sports betting gave me the chance to work from my home and spend a lot of quality time with her.
I have a very small circle of friends, but those friends are true friends for many many years.
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I try to live peacefully and at the same time, I understand that I don’t have an influence on many things around us. This is why I try to be grateful for every day and see what the next day will bring.
Meditation and trying to find inner peace are very important parts of my life.
Sports betting helped me to escape 9-5 job and sports betting is what I do professionally
I was never really a bad bettor because I always looked at betting through the numbers and it was a small advantage from the start against other bettors. And we know that in betting you are not fighting really against bookmakers, but against other bettors.
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But betting alone is not enough if you don’t fix all other things in your life. After all, relying on only one income stream is a very very bad idea. The average millionaire has at least 7 different income streams. This is something I didn’t understand back then. Why Lebron James, Cristiano Ronaldo, Jay Z, and other successful people invest in other areas? Because it is important.
For most of my life, I was somehow involved in betting. I spent a total of maybe 4 years of my life for regular 5-9 jobs and at some points, I had weekend jobs, but even then I spent most of the time betting. Either betting or learning about betting and finding my unique methods.
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Sports Betting had always a big role in my life and this is what I want to do for the rest of my life. Math, statistics, models, investing, intellectual challenge,… with very solid ROI. All I have now wouldn’t be possible without sports betting and of course without some luck on my journey! Luck should not be ignored.
Will this continue?
I have no idea, but I hope so. I love my life. I have great friends, I work from home and I have freedom. I do what I love and can take days off whenever I want. I can spend quality time with my daughter and this is for which I am very grateful.
But I want to stay humble because things can change quickly. Nothing is guaranteed in our life.
We never know what tomorrow brings. But what I know for sure is that I will always improve and do my best in sports betting, because I love this. In fact, this is all I know or if I am more precise, this is the best skill of all skills that I have.
I am definitely not the best sports handicapper, in the World and I don’t want to compare with those who think they are “the best”. But I have my own unique way, that works for me and this is what I share here with you. Nothing more, nothing less.
Dedicated to help new sports bettors and change their lives.
Quote I love“How You Make Your Money Is More Important Than How Much Money You Make”Do you want to contact me?
Send me an email: mb@underdogchance.com