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When you are just getting into sports betting, one of your first impulses will probably be to bet on your own favorite sports team.  You may feel drawn to do this through a sense of loyalty; betting on your own team is a sentimental gesture of support.  It can be extra exciting when your team wins and you win too!  Betting emotionally can be dangerous, however, because objectivity tends to get thrown out the window.  Are there any advantages to betting on your own team, though?  Is it always a bad idea, or are there times when it

One term you will hear a lot in the sports betting world is “smart money.”  What is smart money, and why is it something you should know about?  Smart money refers to the money bet by “sharp” bettors, also simply called “sharps.”  Sharps are professional sports bettors—what you want to become someday if you are ambitious.  Sports bettors who wager for a living do much more comprehensive research than casual bettors.  They may have access to better knowledge.  Since they have developed real expertise, you can basically assume

It is very common to use averages in sports betting.  The idea of an average is very simple and straightforward, and provides a useful quantification for performance statistics.  But what type of average do you use when you are doing your analysis?  Have you considered the shape of the distribution data?  Or are you only looking at the overall picture while ignoring the details?

In the investing world, traders talk about “paper trading” before trading live with real money.  Paper trading is essentially just what it sounds like.  Traders “follow along” with live trading on paper, keeping track of their imaginary wins and losses.  The goal is to replicate the live experience as well as possible without risking real money.  Just as investors “paper trade,” you should “paper wager” before you wager live.