When you are first starting out as a bettor, you will notice that most sportsbooks show betting lines in either decimal or coin form. Decimal lines are simple to understand, as you will eventually learn that one point equates to a $100 bet. However, sometimes you make an erroneous guess and place an unrealistic wager on a game. When that happens, you have to ask yourself, “What does the number next to the game mean?” In many cases, the answer is “nothing”, or at least, nothing good.
For instance, let’s say you are handicapping the NFL game between the Kansas City Chiefs and the Oakland Raiders. You look at the odds and see that the game is given as a -3 point spread over the total. You think to yourself, “This is a great game. I love the Chiefs, and I hate the Raiders. This should be a great matchup.” You then place a $100 wager on the game. Unfortunately, the game ends up being a shoot out, and you lose your entire investment. In this case, you would have to ask yourself, “What does the -3 point spread mean?”
The answer is that you have just lost $130 because the spread is effectively a “take-all-comers” type of wager. In other words, you are saying, “Either one of these teams has a chance to win, so I’m going to pick the one that I like the most. If they both end up being winners, then I lose my entire investment.”
While it is always frustrating to lose money on a wager, at least you can take solace in the fact that you tried your best and followed all the necessary steps. You can then take the time to analyze what went wrong and learn from it. The most important thing is that you never place a wager you cannot afford to lose.
Why Use Smiley Faces When Placing Bets?
One of the most unique aspects of betting on sports is the ability to use smiley faces to express your feelings about a particular game, player, or team. For example, let’s say you are betting on the next NBA game and the line is -110. You might want to place a bet (somewhere around even money) because you like both teams and you think this will be a good game. If you instead chose to use a smiley face to express your feelings about the game, you would turn the odds in your favor, as -110 does represent an effective betting line.
However, if you are still looking for an edge and chose to use a frowny face to express your feelings about the game, then you are effectively giving the -110 line to the other team because they will most likely win the game. When using smiley faces in betting, always make sure that the faces you use correlate with your feelings about the game, player, or team you are betting on. This will give you an advantage and make you look like a genius when you win!
How Do I Calculate My Net Worth?
One of the first things you will need to do after you have established yourself as a consistent profitable bettor is to calculate your net worth. Before you start making any major financial decisions, like buying a house or paying for college, you will want to know how much you really have. Fortunately, there are established methods for figuring this out.
You can use the Kelly Blue Book to determine the value of your car. Just enter the make and model of your car, as well as its price, into the KBB tool and it will tell you its value. You can also use the same tool to find the market value of your home or any other type of real property. You will just need to enter the address in the proper field and it will give you an accurate assessment of the property’s value.
You can use the same method to assess the value of your personal belongings, like jewelry and other luxury items. Just enter the make and model of each item and it’s price into the KBB tool and it will give you a precise figure. This will help you determine how much money you have and how much you need to spend. It will also let you know how much you can afford to lose, which is crucial for a bettor who wants to stay in business.
In order to create a solid foundation for your betting business, you will need to follow several steps. First, you will have to choose your sportsbooks wisely. You will need to know which ones charge large fees and which ones have reasonable rates and terms. Next, you will have to learn how to place winning bets. Remember that in order to ensure your profits remain high, you must learn to avoid the many scams that are out there. The last step you will need to take is calculating your net worth. Once you have accomplished all of this, then you can sit back and enjoy your success, knowing that you did your homework and made the right choices. At that point, you can begin to think about expanding your operation or choosing a new game to bet on.