In a nutshell:
today to press my winning streak; - now I have to double-up
tomorrow to get even."
Check these other pages:
Something I Learned
from Sonny Reizner
A Very Important Thing
Successful Pro Gamblers
A Good Handicapper...
Check this article
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!
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!
If you think progressive betting schemes can win more than you deserve, buy a round-trip
ticket in advance
Test Your Sports
Use these questions to check your "expert" friends
Some pointspreads are much more important than
A Crash Course In
...And it's NOT 4.55%
EMAIL FROM GAMBLERS
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
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.
...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. -
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
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....
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?
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
of whatever your bet size is) and vigorish is always deducted accordingly,
of course. Risking 100 on a -110 bet pays 91....Look again.
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. -
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
I think not...I think they’d haul our ass to New York to stand trial
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
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.
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
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
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.
(Name & address used by permission)
THERE'S a letter. Thanks a million, Mike. Now, if we can
just get a million more guys to buy the book...
YOUR PICKS ARE RIDICULOUS, YOU SHOULD BE ASSHAMED TO CALL YOURSELF A
PROFESSIONAL - Rick M.
Dear Rick......"Ashamed" has only one 'S' in
Thought you might like to know, some guys at
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
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.
...Baseball is my game....I decided to try
GAMBLER Newsletter) to help me
the first month of baseball)...I have had winning
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
$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.
Emails from Gamblers pages