Tag: betting
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Understanding Betting Margins: Key to NFL Success
Let me answer a couple of your questions. Every week I feed every NFL matchup into my predictive algorithm, even though I don’t always turn those forecasts into wagers. The reason is simple: if the gap between my projected margin and the sportsbook’s line isn’t wide enough, there’s no value in placing a bet. For…
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Secrets to Winning at Horse-Race Betting Revealed
At age 73, I had a near heat stroke at an outside family event a couple days ago. Suddenly my head was pounding, my heart rate jumped well beyond the norm, my own voice echoed in my ears every time I tried to speak and my blood pressure spiked. Of course, I joked with those…
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The Rollercoaster of Life: Risk, Reward, and Lessons for the Young …. Part Three
I just can’t wrap my head around why folks dodge taking risks even when the odds are practically winking at them. Picture this: If they think a team has a 60% chance to win, they’re also aware of that pesky 40% chance of losing. Yet, it’s like the idea of losing throws them into a…
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Understanding the 20% Track Take in Horse Racing
Horse racing is a game of numbers, where every dollar bet at the racetrack only returns about 80 cents to winning bettors. This $20 difference, known as the track take, has contributed to the decline in consumer interest over the years. In comparison to other forms of gambling, a 20% take is considered too high.…
Old Man Pondering 