Sports Betting Star Exposed

 Sports Betting Star Exposed

Everybody is looking for an edge in sports betting. Although most experts know that building a bankroll takes careful money management, analytical research and patience, many new bettors want to make big wins.

These people will often ask us why we don't win as much as the 80+% that many handicappers promise. What is the reason? The reason? Even Billy Walters claimed a winning percentage of 57%.

You need to know what it takes to make a profit as a sports investor for a long time. It can be irritating to see handicappers promising impossible results to newbie sports bettors. Scamdi-cappers like John Morrison, also known as. "The Sports Betting Champ" boasted a winning percentage of 97%, and a weekly earning of more than $50,000. Morrison, despite all his successes, spent most of his time trying sell his winning system to make a fraction his weekly earnings.

I am reminded of an old saying: "If it seems too good for it to be true, then it probably is." If you have a system you can't miss, don't share that with the rest. You use it until sportsbooks won't take your bets. Or until you can afford to spend your time swimming in a pool filled with gold, like Scrooge McDuck.

Chad Smith, also known as the Sports Betting star, is a similar handicapper who claims a 95% winning percentage. One would assume that someone with this amazing system would just bet on these games, then decide which private island to purchase. Amazingly, $175 can get you a lifetime worth of these almost unbeatable picks.

It's easy to understand. For $175, you'll receive a daily email with Mr. Smith’s best picks. Simply log into your sportsbook and/or visit your local bookie to place your bet. According to his website, you don't even need to be an expert on sports or a computer geek to place your wager.

Similar to the Sports Betting Champ the SportsBettingStar makes money by heavily marketing his system to the public. This includes inflating his winning percentages, covering up negative reviews, or creating fake positive ones.

If you don't have any experience in sports betting, the promise of quick riches can be very attractive.

The curiosity about a figure like 95% is not easy to overcome. Still not convinced? But wait! Here's what The Sports Betting Star doesn't tell you:

His Winning Percentage Does Not Represent Actual Won/Lost Records

SportsBettingStar utilizes a three-tiered system of betting. Individual bets are not counted toward wins or losses. Instead, they employ a three bet chase system that requires that a team win at least one of the three games. Chad Smith tells his customers that they must bid on that team one game at time. Then, they double their bet until the team wins. It is considered a "loss" if the team loses three consecutive bets.

That is, a team that loses twice, wins once, would have a record in Smith's system of 1-0 and not 1-2, which would be expected. The result? It is very risky, as a three-game losing streak in a row can cause serious financial problems. Unfortunately, none are available in the "How it Works" section.

His "Units Won Results" are not displayed or disclosed

Smith doesn’t boast about the units he has won on his website. However, almost every page mentions the 95% winning percentage. Smith's artificially inflated winning record of 95% looks much better than the actual results of his units won. You are constantly placing large bets with small returns to try and make up for lost previous losses. Martingale System "guarantees" only a 1 unit profit in theory (the original wager), and it is dependent on having unlimited funds to wager.

This system requires an unlimited amount of bankroll in order to achieve Marginal Success

Martingale theory of betting, also known as loss recuperation, states that a win is possible if the wager has even odds and a 50% chance to win. Every loss on the next bet is doubled.

If a $50 bet is lost, you'd bet $100 to recoup the losses. If this fails, you can bet $200 for the next contest. For a $50 bettor with a $1,000 bankroll, this system would come to a harsh conclusion after just four losses in a row as you would already be in the hole by $550 ($50+$100+$200+$400=$550). There would be only $450 left, which is less than the amount you need to recoup your initial losses. To make $50 profit, all that.

Furthermore, this theory does not take into account the vig/juice. In order to recover previous losses, the vig requires that every bet be increased in size. Assuming the 10% vig, you'd be broke if you lost four consecutive times and were chasing $50 in profits.

$55 wager to win $50, $55 lost

$115 to win $105 ($55+$50), - $170 Lost

$245 wager to win $220 ($115+$55+$50), or $415 lost

$520 to win $465 ($245+$115+$55+$50), or $935 lost

This leads to what is known as the gambler’s fallacy. The Monte Carlo fallacy is also known. This theory states that if there are deviations from the expected behavior in repeated independent trials of a random process then future variations in the other direction will be more probable. To put it another way, if you flip the coin ten times, and heads come up every single time, many will believe that the next result must have been tails. This is because the odds of heads coming back 11 times in succession are 0.000488 (0.5 times the 11th power). However, each coin flip can be considered an independent event. There is still a chance of tails on the 11th.

Follow the Sports Betting Star and See What You Can Expect

You can only expect three possible outcomes from this system in real life.

1) Place a large bet to win a small amount.

2) Lose a lot by betting a lot

3) Play big to lose it all

Your bankroll is the most important factor in determining which outcome you will receive. Your bankroll should be large enough to place large bets on a continuous basis (1,000 times the amount of your unit wager), and you are likely to win some money in the long run. You will probably lose a lot of money if you have a large bankroll.

Your bankroll should be between medium and small so it is almost impossible to make long-term profits. You'll lose some or all of your money, depending on how fortunate you are. If you are on a losing streak, you'll be broke. If you lose your middle two weeks, you'll be a loser. If you're lucky enough to avoid a losing streak, you might win some. Keep your winnings and walk away. You can increase your chances of losing if you do not start the system again.

Betting with the Sports Betting Star system will give your the same edge as at a casino. Do you feel lucky? If you feel lucky, you can go to Vegas and spend $175 on this service.

The Good News

All of this has the positive side that sports gambling offers legitimate opportunities to make money. The sports betting industry is just like any other market. There are many inefficiencies that can easily be exploited. Numerous systems are available that use hard data and not gimmicks. They find inefficiencies in markets and exploit them. These systems do not guarantee winners, or even five-star, elite club locks. This is a sign that there are certain situations in which it makes sense to choose one side over another, based on historical precedent and data. how to find a good system for sports betting and win big