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 Sports Betting As A Business                                                                                  Click HERE for Home Page & Index



 

 


In a nutshell:

"I doubled-up today to press my winning streak; - now I have to double-up tomorrow to get even."
- Anonymous
 

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Check these other pages:

Something I Learned from Sonny Reizner

Handicapping & Common Sense

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Check this article


A Very Good Month
Sometimes we feel like we can walk on water...

 

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A Very Important Thing to Know

Successful Pro Gamblers

A Good Handicapper...
Bankrupt

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Check this article


"Could YOU be a Pro Gambler?"

Full time betting is not for everyone, but if you've got what it takes, it's a great way to live!
 

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Sample newsletter

A very important thing to know 
Much like investing in stocks, you can't expect to make money every day at sports betting. Here's what you can expect.

Sports Betting Money Management 
R.J. Miller sheds light on the business of sports betting!

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Who the hell
is J. R. Miller?

 

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Debunking the Kelly criterion  
If you think progressive betting schemes can win more than you deserve, buy a round-trip ticket in advance

Test Your Sports
Betting IQ

Use these questions to check your "expert" friends

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Key NFL Pointspreads
Some pointspreads are much more important than others

A Crash Course In
Vigorish

...And it's NOT 4.55%

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How To Spot NFL 'Positive Universes'
 
R. J. Miller tells how to find winning NFL situations!
 

EMAIL FROM GAMBLERS

Emails from Gamblers pages
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To send us email, CLICK  HERE

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    Can you please clarify something for me. In reviewing your article on sports betting money management, you indicate that you average about 1,000 to 1,200 plays per year. In reviewing the info under "Track Us", you mention that you expect upwards of 2,000 picks per year.
I'm confused.....Do you expect to provide advice on about 1,200 or 2,000 games per year? Please clarify. Thank you.  - cpa
    Thank you for your interest. The first article you mention was written by my brother, R. J. Miller, and the second article was written by me. He played a lot more tennis than me. Sorry for the confusion. - J. R. Miller

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    Hello...I visited your site and found it fascinating.I bet on horses and am quite good at it. But I'd like to get into sports betting, baseball, football, etc. Can you please recommend a no nonsense book? Thank you  - Joe
     Sure...Anything written by Bob McCune, Lem Banker, Sonny Reizner, Marty Mendelsohn, Edwin Silberstang.....or me. (Be sure to read more than one author.) Try calling Gambler's Book Club in Las Vegas and ask them to recommend a couple "legitimate" authors.......You are certainly correct in being careful. There's a lot of BS out there.  - J. R.

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      ...After how many picks do you determine if a betting system is valid? I recently developed a regression system, but the statistics I used are parsed off of USA Today's home page so I only have a limited amount of data (I don't have the stats to test the system more or I would). I based the system off of about 500 games that I have collected stats for, but I only have a five days of data that is not part of the system to test with. I have been putting the system through a dry run for the last four days and I have had 27 plays for a total of +7.13 units. It kills me to not be betting my picks, but I realize you could get the same results flipping a coin. Just wondering how many trials you would put a system through before using real money.  Thanks,  - James
      Your question requires something of a "what-if" answer. For an exaggerated example, if a betting system were to go, say, 30-0, I'd bet the shit out of it even though I had only 30 observations. In other words, the percentage of winners has a direct effect on the number of observations required. I'm sorry to say that, using those same 30 observations and going, say, 20-10, you don't have proof of anything. In real life, dealing with 55%-65% expectations, 500 observations - that is, "new" observations, not observations gotten through hindsight - would be enough for me, but not enough to prove conclusively that you have an advantage. With 1,000 observations your percent of 'wobble' is about 3 percent; - that is to say, if you win 55% of 1,000 observations you can pretty well bet you have a winning expectation between 52% and 58 percent. - J. R.

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          I was actually looking for sportsbetting literature when I stumbled upon your website in a search. I've probably spent the last 3 hours reading on your website. It was very nice to see a website that actually explains the betting criteria in such detail as this site. It's truly one of a kind. I've searched all day and this was the only one with this much detail.....
          Also, I can not think of one website that actually wants you to track them for a period of time.....It's refreshing to see that there are some people who generally want to see others succeed as they do and not to "Take you to the Cleaners" while they guarantee you some picks. I will definitely use the tracker (
Track Us Here) to keep up with you guys and see how I do for a while.....
          You've done a great job.....and I hope many people find this site before they lose too much money without at least an understanding of the topics discussed.....I've sent the link to a lot of my Fantasy League players that I know like to place bets at sportsbooks.  Thanks again,  Deano
         Hey, thank you very much for taking the time to write such a nice letter. I hope we can help add to your bottom line....

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    Last summer I sent for your record against NFL overs and unders for the last 3 years. You sent me your record against totals but you didn't separate the overs from the unders. Please break them down into two groups and resend them to me.... - J. L.
    Sorry, but we've got a whol-l-le new way of dealing with requests like yours. Please read this article,
What's Your Record?

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     I see on your Track Us Here column that you're not subtracting the vig from your picks. Wow, no juice for the man. What a concept ! At least you used to have honesty going for you... - Ken B.
     ( ??? )......On our
Track Us Here page we risk 100 on all picks (as in 100 percent of whatever your bet size is) and vigorish is always deducted accordingly, of course. Risking 100 on a -110 bet pays 91....Look again.   

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     You claim if your bookie is in Australia but you are in Tennessee you are not breaking any law by making a bet using your computer. That's bullshit. If you make a bet on your computer in Tennessee you are breaking the law.  - Edwin P.
     Look at it this way: If you and I were in Afghanistan and we used our computer to defraud a New York bank out of $10 million over the internet, where do you think they'd put us on trial?...Afghanistan?
     I think not...I think they’d haul our ass to New York to stand trial because that's where we committed the crime. According to your argument, we would have committed the crime in Afghanistan, and it's questionable as to whether it's against the law in Afghanistan to defraud a New York bank. Moreover, we actually reached to New York by way of our computer to defraud the bank. The bank's money is not in our computer, nor is it in Afghanistan. It's in New York.
     The zealots who would control our every move can't have it both ways. If our money's in Australia and our sportbook is in Australia, and we make our bet on an Australian server, and we're paid our winnings in Australia, how did we hurt the United States?
    ...And if we somehow defrauded the Australian bookmaker, we'd likely be transported to Australia to stand trial. I can assure you, there are no laws in Tennessee about defrauding an Australian bookmaker. If we defraud him, we'd be breaking Australian law, and Australia would likely press to have us extradited. 

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     I like your style but am so surprised you do parlays...shocked! You banged that one home yesterday....phili/Mets..  - Vin
    There is an entire chapter about parlays and how to use them as a 'tool' in my book,
How Professional Gamblers Beat the Pro Football Pointspread. Consider the fact that sportbooks do not go out of their way to advertise the availability of parlays. If parlays are bad for the bettor, doesn't that sound a little strange? The fact is, once you know what you're doing, parlays can protect your downside risk, and it is not in the bookmakers' best interest for you to protect your downside risk.
     We recommend parlays regularly in Professional Gambler Newsletter, and we regularly do better in the newsletter than the results shown in our Track Us Page - J. R.

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    Two questions:
    1. About how many people, in your opinion, are today making a living solely on sports wagering?
    2. On your site you advise against listening to the advice of 'touts.' I couldn't agree more, but isn't the service you are selling pretty much the same thing?  - Mike
    Thanks for your interest. We have no idea how many men are full-time sports bettors, but there are certainly thousands here in the USA and who knows how many around the world? Out-guessing the average sports bettor is a lot easier than beating the hordes of stock market experts, commodities traders, market insiders, big-money stock funds, etc., that make their living off the various money markets.
    Professional gamblers avoid attention for many reasons, not the least of which is the social stigma still attached to gambling in many areas of the country. Neighbors, in-laws, banks, etc., are not comfortable when someone "admits" to being a professional sports handicapper. Your banker certainly doesn't want to hear it, and other acquaintances tend to view you with either suspicion or with a certain level of celebrity...In any case, it still "separates" you from your neighbors. People tend to categorize other people according to what they do for a living, and "professional gambler" is a tough vocation to categorize.
     Concerning your 2nd question, we do not encourage non-gamblers, beginners, or occasional gamblers to subscribe to our newsletter. It is intended for full-time pros and successful part-timers. Many of our subscribers are as good or better at handicapping than are we. They use our newsletter to pull them off a few more losers or put them onto a few more winners. They use it to catch something they might otherwise have missed. They use it as a "positive field from which to graze." Almost all full-timers risk at least $400-$500 per pick - most risk $1,000 or more per pick - so if our material can pull them off even one more loser per month or put them onto even one more winner per month, our newsletter has been worth the money.
     I am not completely comfortable with what I do, especially when we're getting our butt whupped. I ended up getting noticed because of my book, How Professional Gamblers Beat the Pro Football Pointspread, The book was successful, and people who read it wanted my opinion of current games. My brother told me, "You do the work anyway. If people want to buy your opinions, why not?"
     ...And here I am.
    Thanks again for your interest. - J. R. Miller

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     Thought I would pass this info along. Using the material in chapter two of your great book, (How Professional Gamblers Beat The Pro Football Pointspread), I have a record of 40-25-1 for the first 8 weeks of the NFL. One game was passed due to injuries, otherwise all selections were played. I looked for a six point difference in the projected score and the Vegas line. No other handicapping factors were considered. A small sample but the results have been consistent week to week.

    If you are handicapping the NFL and you don't have a copy of Mr. Miller's book, you are missing the boat.
Mike Bertolet  
MBert26886@aol.com  (Name & address used by permission)
     Now THERE'S a letter. Thanks a million, Mike. Now, if we can just get a million more guys to buy the book
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      YOUR PICKS ARE RIDICULOUS, YOU SHOULD BE ASSHAMED TO CALL YOURSELF A PROFESSIONAL - Rick M.
     Dear Rick......"Ashamed" has only one 'S' in it.

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     Thought you might like to know, some guys at (edited chat room) are picking on you. You might want to defend yourself.  - Arnie K.
     The chat room you mention has at least a couple sportbook managers masquerading as "actual" sports bettors. These guys give out suicidal advice while at the same time secretly touting their own sportbooks. They've been telling people what a crook I am for as long as I can remember. They obviously don't want people subscribing to our newsletter.
     Never trust people who hide behind phony names. There's a reason they don't want you to know who they are. That same forum also appears to have some self-appointed teen-aged experts. One fellow called me an idiot because I claim there's no such thing as a professional roulette player or a professional craps player. We stopped arguing with these guys a long time ago.

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     ...Baseball is my game....I decided to try (PROFESSIONAL GAMBLER Newsletter) to help me (against the first month of baseball)...I have had winning (first months) before, but not often. April is usually tough for me....I never experienced anything like this! Your service has already paid for itself almost two dozen times! Please renew me for 6 months when my subscription comes due...  - Lawrence G. 
     We've had a good start against MLB. We're up about 18 units since our first pick three weeks ago (about $1,800 for $100 bettors). However, beware of over-confidence. Stick with proper money management. Long-term subscribers can (regretfully!) tell you, we can and DO have losing streaks. We'd be very surprised if the rest of the baseball season goes as well as these first three weeks.  If it does, we'd be up nearly 150 units, and we've never finished a baseball season up 150 units. - J. R.

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Emails from Gamblers pages
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How to Profit from Parlays
Bookmakers don't advertise or promote parlays...Why is that?
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Successful Gamblers

How they live! How they began! How they keep winning! The "real" world of professional gambling!
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3,000 games! 12 full years! Build your own winning formulas!
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How Professional Gamblers Beat the Pro Football Pointspread
- J. R. Miller
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How to Profit from Parlays
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Successful Gamblers
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Insights Into Sports Betting
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Revelations in Sports Betting
- Bob McCune
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