The Pinnacle Pulse Inside the Wagering Line
PinnacleSports.com
Simon Noble
8/16/2006
The Pinnacle Pulse, a column highlighting betting strategy and line
movement on key games. In this edition, Simon Noble of PinnacleSports.com
discusses handicapping college basketball games before discussing line
movement on a variety of betting options at PinnacleSports.com.
He then gives insight into the early line movement on this
weekend’s big games.
Getting Ready for a NEW NFL Season
The beginning of the NFL season is similar to the start of a new year --
providing a perfect opportunity for players to ‘wipe the slate clean’
and carry out a health-check on their betting, much like the
soul-searching on New Year’s Day that results in life-enhancing
resolutions. With this in mind, Pinnacle Sports has assembled ten
Gambler’s Resolutions; but don’t worry, these don’t involve exercising
or giving up beer!
While you may already apply some of these golden rules for improved
betting; others may be new to you. In either case, carefully applying
this set of guidelines, should help you become more successful betting
football.
Top 10 Gambler’s Resolutions
1. Get the best price
If you make only one NFL resolution this year, promise yourself to
ALWAYS obtain the best available price. At PinnacleSports.com, we offer
-104 lines on NFL sides saving players up to 60% of the juice other
books charge. Holding an account at Pinnacle will, therefore, save you a
fortune during the season regardless of whether you’re a professional
handicapper or a “weekend warrior”.
Put another way, a player has to win close to 53% of their bets just to
break even at traditional -110 pricing offered by other sportsbooks. At
a low juice sports book like Pinnacle Sportsbetting, you only need to
win just 51% of your plays to break even.
2. Learn conversions
Serious players know how often a 3-point home-favorite will win by
exactly 3. If they see a spread of New England -7.5 quoted at -104, they
can also immediately reason what the fair price is for New England to
cover a 7 point spread or any other spread for that matter. Knowing
these conversions not only helps you find the best bets, but aids in
analyzing props and other markets such as teasers. Many players are long
term winners despite applying absolutely no handicapping by simply
unearthing opportunities by meticulously studying conversions.
3. Understand the Pinnacle Lean
A lot of sharp players use Pinnacle Sports because of our unrivalled
pricing, and their plays tell us (as well as indirectly all other
players) which side of a game to be on. Time and again we’ve seen
players track “the Pinnacle lean” and win. The concept is simple:
compare Pinnacle’s line to other sportsbooks. If the lines are
different, you can beat the other book. For example, if Pinnacle
Sportsbetting has the Arizona Cardinals -7.5 and another book lists them
at -7, the value lies in playing at the other sportsbook. (For a more
detailed explanation, look at Pinnacle Pulse Issue 08 from last year).
4. Keep good records
Keeping an accurate track record of your plays can reveal areas of
weakness you may not have been previously aware of. You might find that
you win in most markets, but consistently lose money in one particular
area. For example, you may crush the book on NFL sides, but get killed
on totals. A bettor may also flourish at a particular point of the
season and be unsuccessful at another. PinnacleSports.com offers clients
a comprehensive account review facility that highlights these trends,
which can then be corrected, maximized or avoided.
5. Use good risk management
Risk management is perhaps the most misunderstood and undervalued
concept in sports betting. If you bet for fun, the average cost for a
bet is based on the juice or vig. For example, betting $100 on an NFL
game using standard -110 pricing at a traditional sportsbook has an
average cost of $5 per game. If you do no handicapping and just play for
kicks, betting 100 games at $100 each, you should expect to lose $500 in
a season.
Winning players must understand this too. It’s possible to be a
successful handicapper, but still lose long-term by betting more money
than your advantage dictates. A sensible tactic for winning players is
to never risk more than 3% of bankroll on any given play and to always
shop for the best price.
6. Manage Expectations
Many players bet with no idea of what to expect long term. Some are too
optimistic in assessing their capabilities, especially novice players,
who plan their retirement on the basis of an early winning streak. In
major sports very few players can expect to win more than 55%. If you’re
just playing for fun or excitement, hitting exactly 50% is a realistic
expectation.
7. Select your Sportsbook wisely
Many sportsbooks will offer promotions to encourage new players to sign
up. At Pinnacle Sports for instance, new players will receive a 10% sign
up bonus worth up to $500 just for trying our service.
The general rule of thumb is that if a promotion looks too good to be
true, it probably is. There have been some horrific sportsbook failures
and nearly all were a result of unsustainable promotions. If a
sportsbook gives a large bonus, lets you buy on/off the “3” for 10
cents, or offers a similar promotion that makes it look “easy” to beat,
you’re risking getting burned.
As a general rule of thumb, stick to solid sports books that have been
established for at least five years. A good starting point for new
players is to build a sportsbook portfolio that includes at least one
reduced-juice book like PinnacleSports.com, which offers up to 60%
better odds than traditional sportsbooks. In the long run playing
reduced vig lines at Pinnacle Sportsbook is worth much more than any
sign-up bonus.
8. Limit your bankroll
Bankroll is traditionally defined as the amount of money a bettor is
prepared to lose before they’ll stop wagering. Decide what your bankroll
is before the season begins and stick to it. If you hit a losing streak
(everyone will at some point), reduce the bet size relative to your
lower bankroll. If you haven’t thought about your bankroll before, now
is a good time. By failing to address this fundamental aspect of
gambling you could easily lose more than you ever intended.
9. Define your goals
Whether you’re a professional or recreational bettor, give yourself
clear objectives. If you’re a pro, don’t just focus on hitting a
financial target, think about how you’ll reach it. This might include
doing statistical analysis on smaller markets, making larger plays where
there’s an edge, or just protecting your bank until the season ends. In
each case, be sure to identify and remain focused on the goal.
10. Understand why you bet
Different people bet for different reasons. A minority are skillful
enough to make a living from sports betting, but the motivation for the
vast majority of players is less obvious, even to themselves. Some enjoy
the intellectual challenge of analyzing a match-up, while others bet to
add excitement to watching a live game. Be honest with yourself about
what your motivation is, as understanding why you bet will help you make
better decisions.
About PinnacleSports.com
PinnacleSports.com is the Internet’s largest sports betting site serving
customers in more than 80 countries worldwide. Founded in 1998,
PinnacleSports.com was the first sports book to introduce reduced margin
wagering using a -105 pricing model that gives bettors up to 50% better
value on wagers than traditional bookmakers. With low minimum bet
requirements and the highest maximum limits on the Web,
PinnacleSports.com has earned an industry leading reputation for
providing consistent value to the player, professional customer service
and the quickest payouts online. Fully licensed and regulated in Curacao
and the United Kingdom, the company offers a secure environment for
sports betting, racing and casino gaming.
|