Friday, September 17, 2010

We Always Lose the Popularity Contests

There are a number of websites that display which teams are being chosen to win by recreational bettors. By and large, these stats come from amateur contest websites such as Wagerline.com. The vast majority of everyday bettors go with the favorites. That is something we never do as we bet money line underdogs.

We are professional bettors that bet to make money. We often go against the grain and realize that anything can happen in a sporting event. Most people that come to me have been losing money either due to bad pick selection(mainly favorites) or poor money management.

I have tunnel vision when it comes to my official bets. Sometimes I have the same can't lose reaction to a favorite and feel like backing up the Brinks truck to bet large.

Betting on favorites can be fun, but I always resist the temptation. People that read this blog and have made good money betting on favorites will scoff at this and move on.

My take is that if you just bet favorites, it is just a matter of time before you lose. The legenday gurus in this business like Bob McCune, Lem Banker and David Sirvansky all focus or fucused on the 'dogs. That is where the real long term money can be found.

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