In the world of sports betting, everybody is looking for an edge. While most experienced sharp bettors realize that building a bankroll involves careful money management, detailed analytical research and a great deal of patience, many new bettors are looking for easy ways to win big. The reason? Knowing what is necessary to be a profitable sports investor over a prolonged period of time, it can be very irritating to see handicappers promise impossible results to novice sports bettors who are swept away by grand promises of easy money.
In the past we have exposed scamdi-cappers such as John Morrison, a. Yet despite this success, Morrison spent his time trying to sell his winning system for just a fraction of his weekly earnings. You utilize it until sportsbooks refuse to take your bets or until you can afford to spend your days swimming in a pool full of gold ala Scrooge McDuck. You would think that somebody with such an unbelievable system would simply bet these games on their own and then begin the arduous decision of which private island to buy.
The system seems simple enough. All you have to do is log into your sportsbook or visit your local bookie and place your bet. Much like the Sports Betting Champ, the SportsBettingStar makes his money by heavily marketing his product to the public, selling his system by inflating his winning percentages and covering up negative reviews or creating fake positive reviews for that matter. For those who stumble across his website without a background in sports betting, the promises of easy riches can be extremely enticing.
Still not convinced? Okay, but here is what The Sports Betting Star is not telling you:. The SportsBettingStar system utilizes a three-tiered betting structure, in which individual bets are not counted towards wins or loses. Instead, they use a three-bet chase system which basically means that a certain team must win at least one of three games.
Chad Smith directs his customers to bid on that team, one game at a time, doubling their bet size until the team finally wins. The result? A very risky system in which a single three-game losing streak can cripple your bankroll. With this system you are constantly making large bets for small returns as you try to make up for previous losses.
Sportsbetting is the top betting site in the industry and easily the most professional. They offer competitive odds in all sports and tons of NFL markets, from propositions to live betting. They have a long history in the industry but have truly come on in the past few years to be a leader in sportsbetting.
Betway is one of the offshore betting sportsbooks online. This advice may hurt some of the newer operators who have good intentions, but longevity means everything in the offshore industry. Trusting a sportsbook with ten years or more in the industry is much easier to do than trusting one that has been around for six months. Like I mentioned above, some sportsbooks are opened specifically to steal from players. One or two years of operation are nothing in the offshore world. Even if a sportsbook has gotten rave reviews from bettors after a few years, we would still exercise caution.
Keeping a semi-large balance at these books is potentially risky. Almost universally top-rated sportsbooks have gone from paying out hundreds of thousands a month to going broke months later. These situations can cost players millions of dollars in bankroll. Five years or more is good, but the longer the book has been around, the better. The goal of every online sportsbook is to entice players to deposit before they leave their webpage.
To do this, they have to look the part. A professional design, excellent features, and a large variety of betting markets all help present the image of a sportsbook that is on the up and up. While these are all valid things to consider when choosing a sportsbook, looks can be deceiving. After all, if a sportsbook is scamming players, they certainly have more money to devote to design, betting software, and support staff. Paying for a professional looking or flashy website is easy — running a sportsbook is not.
For instance, many poorly rated sportsbooks have live chat support. This website is an excellent source, but so are sports betting forums and a simple Google search on the prospective shop. Sportsbooks and online gambling sites of all kinds regularly send out promotions in mass emails or newsletters. They may also call players offering them these promotions.
This in itself is fine, but the issue here is that scam sportsbooks swear by these tactics. They send out mass emails hoping to get a bite, and call players at home with offers of a nice deposit or reload bonus. Usually, players have given this information to the sportsbook previously, but other times managers may share marketing lists. This often happens when a sportsbook goes under. The bottom-line for players is to be wary of any email promotions, but especially telephone offers.
In fact, extremely lucrative bonus offers are an almost exclusive trait of a scam sportsbook. Almost every online sportsbook in existence offers some form of deposit bonus. These can be quite large even in the US market, which has been subject to harsher treatment compared to regulated sites. The most respected and reputable online bookmakers have large deposit offers. However, deposit bonuses are only good if they are actually honored when players decide to request a payout.
Sites can offer players bonuses because they come with a rollover rate. This rate is the number of times the bonus and usually deposit amount must be wagered until bettors can cash out their funds. The average rollover is usually between 3 and 4 times the amount of the bonus and deposit. A rollover of 2x or fewer is dangerous to the overall longevity of the sportsbook.
Essentially, they are putting themselves at risk by giving away too much free money. On the opposite end, a rollover of 5x or more stacks the deck against players. In fact, a lot of time it means just the opposite.
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