NBA provides best opportunity for professional handicappers

Professional gamblers separate themselves from their losing peers by doing one thing: placing only those bets where they have the edge. The term “edge” in this case means a mathematical expectation of a positive return. A professional gambler would never place a $1 bet on craps because, depending on the wager, he would only expect to get back roughly 98 cents. However under certain conditions he may decide to place that same dollar bet on blackjack where he might expect to get back $1.01. In this latter case, he placed the bet because he had the expectation of a positive return. This does not mean he’ll win every bet, far from it. But if he has estimated his edge properly, over the long run he will win more bets than he loses. He will show a long term profit.

Sports bettors use this same calculus. For example, the way that NBA bettors gain an edge is by finding lines, spreads or odds which have been improperly set. This can occur for a wide variety of reasons. Chief among them is uninformed fans making undisciplined, hare-brained bets.

When placing bets, a professional gambler will look at his models derived from tens of thousands of data points. He’ll consider what his minimum return is, what size bet his bankroll can withstand and what the estimated error in his projections are. He will do this using advanced statistical and mathematical techniques like the Kelly Criterion, Gaussian distributions, multiple linear regression and even support vector machines and other computer learning algorithms. To learn more about winning betting strategies on NBA odds visit covers.com.

On the other hand, the recreational fan will think to himself, “Lebron’s gonna rip Steven Curries spleen out then eat it”. Based on such shaky insights, the recreational bettor will proceed to take any line at any price because he views betting primarily as an additional means to root for his favored team.

NBA betting is overflowing with this sort of low-information bettor. What’s more, fans are often so wrapped up in their teams that they just don’t care how much a bet costs at all. This combination of obliviously fanatical bettors and a packed game schedule make the NBA a fantastic vehicle for sports betting.

About covers.com

Covers.com is a leader in sports betting analysis and journalism. Founded in 1995 by veteran sports bettor Teddy Covers, it has the most comprehensive sports book review of any site on the internet. To read more about the techniques the pros use to win, visit covers.com.

Your Best Bet for NFL Betting Is Covers.com

It’s the height of football season and your buddies all talk about their big wins on this game or that. They’re laying bets on their favorite teams and making a little extra. You don’t have to ask for a coaching session and admit you don’t bet (yet), too. Just read these tips and check outcovers.com for odds information. You can place bets there, too.

You best bet to start betting legally is online. That’s because bookmaking, or taking bets on a large-scale, remains illegal in all but four states: Delaware, Montana, Nevada and Oregon. Many online betting operations and casinos operate from these four states. The U.S. regulates these bookmaking operations under the Unlawful Internet Gambling Enforcement Act of 2006.

NFL Odds Betting Basics
In football betting, you’ll mainly use three types of bets: the money line, handicap or points spread, and total points. When starting out betting, you’ll make a straight bet, or a single bet on a single outcome. When you get the hang of betting, you might want to try a parlay bet which means you bet on the outcomes of a number of games, but to win the bet all of your teams in the parlay must win.

Money Line
The money line bet hinges on win or lose. It uses no points spread. Rather than points, the money you can win adjusts depending on the odds. The base increment is $1. The favored team has a minus sign (-) before its odds, the underdog has a plus sign (+) before its odds. For example, if the Jets played the Dolphins and the odds looked like this:

Jets +160
Dolphins -180

you would know that the bookmakers favored the Dolphins to win. If you placed a $10 bet on the Jets (the underdog), you’d win $16 if they won. The bookmaker would return to you $26. If you wanted to bet on the Jets (the favorite) your bet of $18 would win you $10 if they won. The bookmaker would return to you $28.

Handicap/Points Spread
You’ve probably heard commentators on ESPN talking about the points spread of a game. Bookmakers, usually based in Las Vegas, NV, calculate odds, team handicaps, and a points spread for every pro football game based on complicated formulas accounting for everything from team health to how the quarterback threw in practice to how the kicker’s last date went. Since these factors change, so does the points spread. When you place a bet, your bet uses the points spread at that time. (When you place them in person, your bet ticket shows the spread at that time.)

When reading the match up data for a game, the point spread appears to the right of the favored team and the minus sign indicates the favorite. Returning to the Jets vs. Dolphins example, the data would look like this:

Jets 40
Dolphins -6.

So, if you bet the Dolphins to win, they’d need to beat the spread – winning by at least seven points – for you to win. If you bet the Jets to win, you’d win the bet:

• if the Jets win.
• if the teams tie the game.
• if the Jets lose by six points or less.

The bookmaker declares the bet a push if the Dolphins win by six points exactly, and returns to you the amount of your original bet.

Total Points or Over/Under
In a total points bet, you wager on whether the total of points scored by both teams goes over or under the bookmaker’s prediction. The points spread has no effect. You’ll see the over/under (o/u) to the right of the underdog and above the spread. Using the Jets vs. Dolphins example, the data would look like this:

Jets 40
Dolphins -6.

The over/under for this game is 40.

You’re ready to peruse the week’s odds now and start betting. You’ll find the NFL football odds at covers.com including the spreads, totals, and money lines as calcualted by Covers and six other bookmaking organizations.

Learn more about intelligent betting here > http://www.intelligentbettingtips.com/blog/handicapper-reviews/betting-nfl-football-learned-teddy-covers/

Incorporate Olympic Valley – Relief From the Political Incorporation

The past few years have been tough for the Squaw Valley CEO, Andy Wirth, along with the staff and the residential community. They have been faced with a drought, which has made business slow and extremely difficult. Wirth has also faced the pressure from the political incorporation that has placed a difficult situation on the Olympic Valley and Squaw Valley Resort. Luckily, they have seen some relief recently as Mother Nature has cooperated by bringing in some moisture and snow to the are and the incorporation has withdrawn their political efforts which would have increased taxes on residents and business, making it more difficult for the residents in the area and the surrounding areas. With the recent relief from the incorporation and the early snow storms that have allowed the Squaw Valley Resort to open early and increase traffic, things are finally beginning to look up. Wirth has endured a lot of damaging statements and accusations from the incorporation, but he hopes that they can all move forward and look past the issues by focusing on the best interests of the surrounding communities and their residents. He is happy that they were able to avoid the political incorporations recipe for a fiscal disaster, and hopes that they can continue to move forward in a positive manner. This information is published in the Reno Gazette Journal and you can read more here.

Andy Wirth has years of experience in the parks and recreation industry. He started his career in Steam Boat Colorado where he eventually became the chief marketing officer for the Corporation before he became the CEO for Squaw Valley. He has approximately 25 years of experience in the ski area world and has successfully overseen many positive changes and upgrades for the Squaw Valley Ski Resort. He was actually born in Nuebrucke, West Germany, and didn’t take him long to become interested in the outdoor winter activities industry. He attended Colorado State University, where his passion developed even more. He gained experience through becoming a ranger for the Rocky Mountain National Parks and fell in love with the wilderness area.

Wirth is also a huge contributor to the environmental groups and community service organizations. His focus is to improve the area in general for all ages and to preserve certain areas as well. His passion for the environment and activities in the community prove to be valuable and genuine as he hopes to continue to build and improve the communities surrounding the Squaw Valley Resort area.

Squaw Valley and Alipine Medows Ski Resorts Great Places to Spend the Upcoming Ski Season

It is never too early to start planning your ski trip during ski season. Whether you are an occasional skier who takes one or two trips a season, or an aspiring professional skiier, they have the amenities that you are looking for. The two resorts are combinined which means that a single ticket gets skiiers access to both resorts.

The two resorts are located near picturesque Lake Tahoe, and have plenty to offer skiers and snowboarders of all ages and abilities. Between the two resorts, there are over 6,200 acres of ski trails. If the two resorts are combined into one mega-resort they make up the largest resort in America, and the second largest in North America. That includes 43 lifts and over 270 trails rated at beginner, intermediate, and advanced. Squaw Valley has six peaks, with Granite Peak being the hightest at 9,050 ft tall. Alpine Meadows is slightly smaller, with only 13 lifts and 100 trails but due to its unique geopgraphy, generally has a longer ski season than other Lake Tahoe ski resorts.

Between the two resorts there is plenty of opportunities for skiing and snowboarding. They also have plenty of other unique features as well. Squaw Valley has an ariel tramway that rises rises 2,000 ft to High Camp, and is 8,200 ft above sea level. Alpine Meaodows is best known for its family friendly atmosphere and its unique Chalet-style lodges.

Both Alpine Meadows and Squaw Valley have undergone some major improvements since Andrew Wirth became the CEO of these resorts. In 2010, Wirth took over the resort and helped oversee a $70 million upgrade and the a mirger with its sister resort Alpine Valley. In order to make this possible, Wirth used his experience and considerable skills gained in the ski resort industry to help make Alpine Meadow and Squaw Valley ski resorts the primier skiing desitinations for knowledgeable skiiers.

Before becoming CEO of Alpine Medows and Squaw Valley Ski Resorts, Andy Wirth worked at the Steamboat Ski and Resort Corporation, where he began as an intern in 1986. He worked there for more than 20 years, gaining expereience in nearly every role the resort had to offer. He also has considerable experiece as a ranger and wilderness guide, and has served as the chairman of the board of directors for the Steamboat Springs Winter Sports Club.