Pros And Cons Of Sports Gamblers
For you to be a consistent winner as a sports gambler, you must have a winning percentage above 52.38%. That doesn’t sound very difficult on the surface, but in reality it takes a tremendous amount of skill to consistently beat the point spread. In contrast, many sports gamblers are often simply gambling for entertainment purposes and bet on their favorite teams for added excitement. That’s why bookmakers in major cities skew the point spread on the area’s teams to their advantage. For example, if the Philadelphia Eagles are favored by 7 points in Las Vegas, many Philadelphia bookies will likely have them favored by 8 or 9 points because they know that more of their clients will bet on the hometown team.
The vast majority of sports gamblers are recreational players and the professionals are few and far between. Among this select group of professional sports gamblers, arguably none of them strike fear …show more content…
It was estimated that they were making $25 million a year in profits. Each member of the group faced 118 different felony charges as a result of an investigation from multiple agencies that had dragged on for years. In spite of such efforts and resources, the federal authorities had committed an embarrassing mistake by branding the group as a bookmaking operation. Instead, wiretap evidence corroborated that they weren’t violating federal laws; they were placing bets, instead of taking them. Although, that was a somewhat understandable mistake by those unaccustomed investigators as it was likely unfathomable for them at the time to believe those kinds of profits were made from betting. In the end, the jury found them to be not guilty on 64 counts and the jury was hung on the other 54 charges. Nonetheless, federal authorities have continued to investigate Walters for many years. He has been charged with various gambling charges, but has yet to be
The vast majority of sports gamblers are recreational players and the professionals are few and far between. Among this select group of professional sports gamblers, arguably none of them strike fear …show more content…
It was estimated that they were making $25 million a year in profits. Each member of the group faced 118 different felony charges as a result of an investigation from multiple agencies that had dragged on for years. In spite of such efforts and resources, the federal authorities had committed an embarrassing mistake by branding the group as a bookmaking operation. Instead, wiretap evidence corroborated that they weren’t violating federal laws; they were placing bets, instead of taking them. Although, that was a somewhat understandable mistake by those unaccustomed investigators as it was likely unfathomable for them at the time to believe those kinds of profits were made from betting. In the end, the jury found them to be not guilty on 64 counts and the jury was hung on the other 54 charges. Nonetheless, federal authorities have continued to investigate Walters for many years. He has been charged with various gambling charges, but has yet to be