Sport is made for betting

The latest Journal of Prediction Markets features an article looking at ' Does Sportsbook.com Set Pointspreads to Maximize Profits? Tests of the Levitt Model of Sportsbook Behavior' Looks like an interesting read but can't see myself paying $40 for the privilege. Amongst their findings: Abstract: The Levitt (2004) model of sportsbook behavior is tested using actual percentages of dollars bet on NFL games from the internet sportsbook, Sportsbook.com. Simple regression results suggest that Sportsbook.com sets pointspreads (prices) to maximize profits, as the Levitt model assumes, not to balance the betting dollars, as the traditional model of sportsbook behavior assumes. Sportsbook.com is found to accept significantly more wagering dollars on road favorites, larger favorites, and on the over for the highest totals in the over/under betting market. Bettor liquidity constraints and sportsbook betting limits may help explain this result. All sounds pretty logical to me - if ther...

Here are some great guides from Betfair about some lower profile sports. It's not all about football and racing you know!! Biathlon Pelota Boxing Rugby Union Baseball Snooker Greyhound Racing American Football Basketball Gaelic Games Soccer - Asian Handicap betting

Greetings - welcome to the land of sports betting. One thing that bothers me about people betting on sport is that so many of them can't see past the obvious, which is usually horse racing and football. There are so many other sports out there to bet on, and more importantly, so many more opportunities going in these other sports. Open your eyes, expand your horizons and don't fall for the same stuff that everyone else follows - all that means is the information is way too public - if everyone knows about it, where's the advantage for you?