Friday, September 04, 2009

Sports Monitoring and the Hilton Contest

I've been learning a lot about Sports Handicapping as a buisness in the last year. Some things I like and some I don't. I am pretty serious about turning my program into a ligitimate business as soon as next year. However, I wouldn't expect potential customers to trust my statistics and documentation of success. A scammer could easily forge those records and take your money. This is why I'm finding out more and more that to be taken seriously in the industry you must purchase a third-party monitoring service for your predictions. If somebody asks about your past success, you direct them to the sports monitor, and they can see all of your predictions and a percentage of success against the spread.

However, while searching different sports monitors, I'm finding that it is pretty expensive, some in upwards of $400 per month for subscriptions. Again, this is only to have your picks documented. Outrageous! After searching high and low, I finally found a monitor that was free, Sports-Bettors.com. Sports monitors offer access to their clients picks, and allow you to follow certain cappers' progress. Updates about the site to come.

Doing more research, I've been learning about a Sports Handicapping contest called the Hilton Contest. It's like the World Series of Poker's Main Event but for NFL handicapping. In Vegas, you buy-in for $1500 and the winner took home $210,000 last year. Handicappers pick five games a week against the spread and make one their "Top Pick." And, simply enough, the winner has the most correct guesses at the end of the season. Most "Top Picks" correctly guessed serves as a tiebreaker. I found a place to enter for free and have a chance to win $750. If my record is the best ever, I get $3000 to bet on the Super Bowl. I'll keep you updated.

I'll be posting Week 1's picks probably by Wednesday of next week. So, Stay tuned, and listen to hear about Murphy's Pick'em as an insanely accurate sports handicapper.

Wednesday, September 02, 2009

Delaware Football Gambling Limited

Oh, no!! For a while, it looked like NFL and NCAA football gamblers were going to have free reign in Delaware for this upcoming season. Originally, it was thought that single-game betting on these games would be allowed this year, but, due to NFL and NCAA appeals, that result has been somewhat reversed.

Here's the article: http://www.morningsun.net/business/x1886197958/With-new-limits-on-sports-betting-Delaware-casinos-rethink-plans

Basically, the three casinos in Delaware will only be allowed to accept parlay bets where a single bet must include three or more games. This is not what the state wanted. Parlay bets are far less attractive to the run-of-the-mill sports bettor. Therefore, far less revenue will be generated than the state originally expected, and the newly renovated sports betting areas of these casinos will not be put to full use. Hopefully, talks will continue and at some point in the future some sense will be knocked into the powers that be.

Look, people are gonna bet on single games regardless of the forum. If you don't want to offer a legal environment to allow it, local bookkeepers are happy to accept the bets. If the government wants to miss out on all that money they could be making through taxes, that's fine. We'll just take our business elsewhere. It's the American way. Man, I love this country!

So, get to know your local bookie! You, me and him are going to have a lot to talk about in the next few months!

I've gone through the testing of my program, and made some adjustments. Everything looks ready for Week 1. I'll be posting the results after the completion of the preseason. Good Luck, Everyone!

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