He lies to his family and friends, borrows money, and loses control over his mind and behavior. When a gambler with severe ludo mania meets certain criteria, the condition is diagnosed as ‘clinical pathological gambling’. To experience the same excitement, he needs larger wagers or more frequent gambling.. Analysis of casino customer data may help identify problem gamblers, but casino owners do not share this data for fear of losing their most lucrative customers (may be 25 – 50%). Despite being aware of the serious negative consequences, or despite having a strong desire to quit, he cannot stop himself from gambling. Here are some useful tips regarding lifestyle changes to get rid of a gambling addiction.
‘Problem gambling’, also known as ‘ludo mania’, can destroy the life of the gambler and also of his/her family members. But studies show that suicide attempts are usually made by older people with problem gambling. Researchers have noticed increased rates of mental health disorders in gamblers with severe ludo mania. Study results show that a gambler who has not been treated for compulsive gambling during his desperation phase is likely to commit suicide. Gambling addiction is referred to as ‘compulsive gambling’ or ‘impulse-control disorder’, where the behavior of the gambler is similar to that of a person who has substance addiction.
When an individual realizes that gambling is destroying his family and social life, he thinks of quitting, but in just a few hours or within a couple of days, he is again found in a gaming zone or casino. Addiction to gambling at a young age increases the risk of suicide. He may lose his job and may commit crimes to get money for gambling. As he spends more gambling, he requires more money to recover his losses. There are chances that he has other psychiatric problems at the same time; for example, substance use disorder, mood and anxiety disorder, personality disorder, etc
“He is not jaded by teams and does not bet with his heart. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says. “If you listen to their advice, you are sure to lose. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”
But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.
Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.
Also, it’s probably a good idea to disregard advice from the myriad of ex-players and football experts you see on television each week. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline. Not all games work according to this formula, but it is usually a good rule of thumb.”
“The standard bet requires gamblers to lay $11 for every $10 they want to win with the extra $1 or 10 percent known as the juice,” Konik says. He is not taken in by being involved in USC-Notre Dame just because it is the biggest watched game of the day. There is a wealth of information on the Internet; it is just up to you to find it and research it daily.”
And where does all that money go?
“There is probably no better bet in sports than playing an underdog at home,” Moseman says. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005). “Most people prefer to bet on the ‘better’ team, the one that will probably win the game. The NFL, for example, will have very similar numbers at most of the betting shops you visit. The only locks that exist are those that need keys to open them.”
6. “If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can. On college you will be able to find different lines at different sports books.
2. Focus on Conferences – “The best way to win money betting football is to develop a niche and follow it closely,” Moseman advises. Also, being “in action” can make a dull late-afternoon game (Buffalo vs. Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns. “In the NFL, a game will often be totally turned around by one or two plays, or even a single penalty. “As for me, the best bet in football is betting the point spread or over/under totals on individual games. Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says. Giving 11 to 10 odds is almost always the cheapest price you can give.”
And remember, in the immortal words of “Fast” Eddie Felson, “Money won is twice as sweet as money earned.”
4. To be a successful sports bettor you need to operate with a clear mind.”
Another difference between squares and sharps is how they approach betting on game day.
Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.
“The talking heads on TV know nothing about sports betting,” says Sevransky.
Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks. If you want advice about sports betting, find someone who has a successful track record. Thanks to the juice, the only one who profits in this scenario is the bookmaker. “Common wisdom says that over the course of a long football season the average man or woman will pick approximately 50 percent winners. “Teams play inspired ball at home. “The key to proper money management is to be sure not to bet more than you can afford to lose.”
Certainly not back into the pockets of the average bettor. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says.
However, Konik adds that there are some bettors who actually know how to beat the bookies.
9. “Squares usually bet later in the week and they tend to pick the favorites. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites.
Moseman agrees and especially likes home underdogs.
“The biggest mistake that amateur bettors make is they increase their bets when they are losing,” Sevransky says.
“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says. “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make. Avoid Chasing Bets – “Don’t do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day,” cautions Moseman on the dangerous practice of trying to immediately win back your losses. “For example, if you have a $1,000 bankroll for the season, you should generally bet no more than $50 a game.”
3. Otherwise, you’re better off doing your own research.”
But even though the math says it’s virtually impossible to win on a consistent basis, Americans continue to bet on football. “Over the course of several seasons, the percentage of bettors who turn a profit is minuscule.”
“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas.
“The bookies fear and despise a tiny coterie of professional bettors known as ‘the sharps,'” Konik says. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd.”
“A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. If North Texas is his best bet on a Saturday then that is his bet. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers.
While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season. There are almost an infinite number of scenarios that can happen in a single football game. Shop For Numbers – “Another important aspect of betting on football is shopping for the best number,” Moseman explains.
Betting on football games; whether it’s through a local bookie, an offshore Internet site or a Nevada casino (still the only legal place in America to make football bets), most of us have done it or know of someone who has. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points. So underdogs tend to be slightly undervalued – except by the sharps.” . The payout is just the same as far as he is concerned.
7. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”
So, how much should you bet a game?
8. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years. “Thus, the bookies love and cherish the squares.”
So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below. Consider Underdogs – “In the long-run, it’s easier to win betting on the underdog,” Konik says. Oakland comes to mind) seem like the Super Bowl. In fact, sports bettors must pick 52.4 percent winners just to break even.”
Although exact figures are impossible to calculate, according to Jimmy Vaccaro, widely considered to be Las Vegas’ most influential bookmaker, Americans probably wager more than $50 billion a year on NFL and college football combined.
“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says. “There will be more discrepancy in the numbers at different sports books. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”
Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football. Slim underdogs regularly win outright. “The sharps are usually members of a betting syndicate privy to the most up-to-date information on injuries, weather, game plans, and, most important, the real power of the teams involved. Chasing losses is the fastest way to the poor house.”
So, how much are we gambling each football season?
“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says. “When you’re in a good rhythm and winning, you want to increase your bets
Polls suggest it is too close to call, while bookies give the “remain” side a higher chance of winning.
For Stephen Jones, 55, betting is a form of insurance against disappointment. Betting on political events used to be a niche area in the gambling industry but has become more widespread, particularly in Britain. The industry is expecting 100 million pounds, or nearly $150 million, to be wagered by the time the result is known in the early hours of Friday.
LONDON — As if the stakes were not high enough in Britain’s nail-biting vote this week, people are betting record amounts of money on its outcome.
Betting exchange Betfair says it had taken 45.8 million pounds in wagers on the E.U. vote as of Wednesday and expects a final amount of 50 million pounds. All Rights Reserved. He intends to vote to leave the E.U., but has placed bets on “remain” to at least get something in case of his side’s defeat.
The betting has also gained the attention of global investors as a gauge of the likelihood of an event’s outcome. presidential race, which was its previous record for a political event. referendum betting already hit a record for a political event days ago for Betfair, bookmaker BetFred and IG, the largest provider of spread betting services.
“This is comfortably the biggest political betting event in history and dwarves both the general election and the Scottish referendum,” says Lewis Davey, spokesman for Paddy Power, referring to the Scottish vote on independence last year.
Betfair allows people to place wagers against each other rather than setting odds like the traditional bookmakers. It has become increasingly popular, particularly to bet on financial markets.
Thursday’s vote on whether to leave the European Union, which will have lasting consequences for the country and Europe, is due to break the record as the most bet-upon political event in Britain’s history. Spread betting, on the other hand, does not provide a simple win or lose outcome, but can provide payoffs based on the accuracy of the bet. This material may not be published, broadcast, rewritten, or redistributed. The referendum also outmatches the 35 million pounds placed on the 2014 World Cup Final.
Betfair, bookmakers Ladbrokes and Paddy Power and the Betting Research Unit at Nottingham Business School all estimate that the total value of bets on the vote placed in Britain will reach, and likely exceed, 100 million pounds.
Betting is his way to get in on the drama because as a foreign citizen from China he will not have a right to vote.
The bookies’ odds have largely been in synch with global financial markets. “But my big win is to leave the E.U.”. But the importance, drama and uncertainty that have surrounded this vote have made it a spectator sport in its own right. He was back in the betting shop this week to place additional wagers on behalf of three American friends.
“If we are going to remain in the E.U., at least I will take compensation,” said Jones, who expects to get 3,000 pounds back in profit in such an event. Ladbrokes has seen a tenfold increase in recent years.
“This is a historical event, and I want to take part in it,” said Can Zhao, an investment researcher who last week placed a 135-pound ($198) bet on “remain” at a Ladbrokes betting parlor near London’s Kings Cross train station.
E.U. While the polls show this week’s vote is too close to call, bookies like Betfair are giving the “remain” side a 76 percent probability of winning. That’s reflected in financial markets, where stocks and the British pound are relatively buoyant one day before the big event.
Such betting fever is normally associated with major sports events, with people here habitually placing wagers online or in betting shops on everything from horse races to football matches. That surpasses the 40 million pounds placed on the 2012 U.S