Inside information sports betting

Many bet for the love of sport as well as for the profit they gain at the end of the day. Millions of people keep raking in huge amounts of money day in day out for betting on all their favorite sports. Despite the unrestricted access people have to information on sports blogs. Several misconceptions about the market continue to fly about. This is why, in this article, we will be examining the top 10 biggest sports betting myths you should never ever believe.

Millions of people from different parts of the world continue to win money every day from different betting platforms. However, with the right techniques, you can still win games. To avoid risks, experienced bettors usually adopt different ingenious methods, like matched and arbitrary bettings, which allow them to earn big on betting bonuses, free bets, and the differences between the marked odds of different betting platforms.

You cannot know the future and definitely the outcomes of many sports games. What bookmakers are actually good in is offering lower-than-fair-value odds than enhance your winning chances. They also rely on past and current info too like every other person. If you continue to believe your tipster feeds you with inside information, you can lose a lot of money. Truth is, tipsters cannot be totally believed. They also depend on different betting techniques to help their clients. Run for your life.

Car dealer and famous pro gambler Billy Walters received 5 years in prison for insider trading on tips received from the Chairman of Dean Foods. What if he obtained insider info and used that knowledge to place a prop bet at a Nevada sports book?

For instance, the coin flip prior to the Super Bowl will be heads or tails. In the case of heads or tails, there is zero skill involved. It is pure chance and there is no advantage to be gained. In the second example, there are different payoffs for each team, so you might be able to out analyze other bettors or might have some slight advantage if you knew about an injury a little quicker than the public, but you are probably still not going to guarantee yourself of profit. Could you then legally place a large bet to take advantage of it?

Sports books are allowed to refuse to take bets, which they might do if someone places a large unusual bet or has a track record of winning.

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Of course, people involved in the television shows or organising the sports events or anything like that are banned from making money out of insider information. Would you be committing a crime if you placed a bet on that player being transferred, knowing that it will win? The first consideration is whether people actually get caught doing this, some certainly do but we can assume many get away with it. If someone is caught, however, there are different rules depending on the person and where the information came from, which we will cover next.

Each and every incident is judged on a case-by-case basis where the Commission is concerned, while two instances could be considered as misuse of information, one could be infinitely more severe than the other. The Commission has listed six different instances of misuse of information, with the lowest being labelled as the Art of Betting.

The most severe is Manipulating an Event, which relates to using inside information to cheat and make profit from betting. There are only four of the six instances that are actually labelled as insider information, and there are different outcomes for what route the Commission would take if they were discovered.

These four of the six instances are: Type of Instance UKGC Decision Informed Information The bettor is actually aware that the information they have received should be restricted and should not be used for their own gain or passed on to others for theirs. Generally speaking, a report to the Sport Governing Body SGB would be enough for this instance and any bets placed would likely be voided.

Restricted Information The bettor receives or gains information which has been obtained due to the involvement of a person passing on those details. For example, an employee of a club giving away details of a player sale prior to it becoming public knowledge. Any bets relating to this would be voided and the informant would be sanctioned through their own governing body.

Criminality or Malfunction If someone is aware of a malfunction in how something operates and makes financial gains by being aware of this and exploiting it. Event Manipulation A player or participant actively manipulating the outcome of an event by fixing it that someone is sent off or that a specific number of goals are let in or anything similar. Dismissal of the player s is likely to occur.

Famous Examples of Insider Betting Certain issues have arisen throughout the past when it comes to insider betting. Reality television shows have created the necessity of people calling in to vote for their favourite contestants or evict their least-favoured participants, for example. The public are responsible for calling in on the given phone numbers and the number of votes need to be collated by someone or something.

Back in , the police were called in to investigate a betting ring that was earning thousands of pounds by acquiring information about the results ahead of time. Naturally, this was suspected to be due to someone working for British Telecom BT. Each of these shows had phone lines operated by BT. While the betting ring managed to place a number of bets on events, they were eventually discovered due to the fact that all of the wagers were placed later on in the day and came from the same computers each time.

Even though a member of the group did work for BT, they denied any sort of criminality, while another member claimed that it was simply luck that saw him win so frequently. Interstingly 'novely' or 'special' markets like betting on TV shows carry some of the lowest payout limits in the industry.

This suggests the bookies don't have as much trust in the integrity of these compared to high level sporting events. Virgin Media Workers Gain the Advantage Betting on The X-Factor It seems like reality television has been at quite the centre of multiple issues in the past, with proving to be yet another bad year. Exchange betting allows participants to wager against each other, rather than against the bookmaker itself. Around people were affected by the scam, although the Gambling Commission issued a voiding order, allowing them to seek recompense for their illegal losses.

Footballer Bets on His Own Transfer Football, or sports in general, have often had a testing relationship with gambling. Players have got themselves into masses of debt, and the governing body of football has had to battle heavily against those players who have suffered from addiction. Yet, perhaps nobody could have guessed that a player would have wagered on his own transfer!

Yet, a lot of this information was brought to the forefront after player Joey Barton admitted that he had placed bets equating to thousands of pounds on football matches. This was claimed to be very typical of football players. A common idea behind insider betting is that it would be very easy for someone working at an online sportsbook to place wagers and win. Obviously, working so close to the sports betting scene, this would certainly prove to be an advantage.

That is banned outright by the sports betting companies themselves. Does this really mean that those sports betting employees have an advantage, though? Different platforms work in different ways and tend to feature varying odds, albeit as competitive as possible. There are many online tipping services available, which are utilised by a number of sports bettors.

Can these really be considered as insider betting, though? Or are they just much more of a scam service? Thanks for making gambling so much fun again My bookie hates you. Some do it just for fun and to make a particular game more exciting.

Some like to bet on their favorite teams, no matter what the point spread may be. Others, however, bet on sports for one simple reason: to make money. Although this last segment of the betting population is the smallest at least the ones who are successful at it , there are many who make money consistently and even a few who make a nice living by regularly beating the house.

Even if you consider yourself a member of the first two categories what those in the industry refer to as "squares" , you can learn how to change your ways and transform yourself into a "sharp" or savvy bettor. If you are interested in making money betting sports, the first thing you should do is take a couple hours to check out Insider Sports Report's Sports Betting page Here.

Insider Sports Report has compiled many articles aimed at average bettors who are looking for help in beating the house. Our writers regularly interview top brass from sports betting industry in Las Vegas and overseas. These sports book operators are willing to give sports betting tips in order to increase interest in the industry in general.

Unfortunately, most bettors do not heed the advice that is available to them. This is why the sports books are in business. For every sharp bettor there are a handful of bettors who lose on a regular basis. Here are some basic rules that can help you increase your winning percentage. Some of these sports betting tips are set in stone while others should be used as more of a guideline. Sports Betting Tip 1 - Money Management This is without a doubt the most important aspect of betting sports and possibly the most neglected.

The first key to proper money management is to be sure not to bet more than you can afford to lose. If you are going to bet on sports, it is important to set aside a certain portion of your money for betting and to stick with that bankroll, win or lose. Winning money on sports is not a sprint. If you bet your whole bankroll on one game and lose, you will be more likely to try and chase your losses.

If you spread your bankroll among several smaller bets, you are more likely to make a profit in the long run if you do the proper homework. Remember, there are no locks in this business and any team can lose on any given night. And on the subject of chasing: Don't do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day. If you didn't like the game before you lost your money, why would you like it after your losses? Chasing bets is a losing proposition almost every time.

If you are on a winning streak, increase the amount of your bets. Wins and losses often come in streaks, and it can be profitable to ride out a hot streak. Sports Betting Tip 2 - Shopping for Numbers The second most important aspect of betting on sports is shopping for the best number. There will be more discrepancy in the numbers on different sports at different sports books. The NFL, for example, will have very similar numbers at most of the betting shops you visit.

On college sports and daily events like the NBA, you will be able to find different lines at different sports books. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines. When you are betting your hard earned money, getting the best line is a top priority.

And since the lines the bookmakers release are increasingly strong, the difference between a point or two is usually the difference between a win or a loss. Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn't otherwise make.

To be a successful sports bettor you need to operate with a clear mind.

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If someone is caught, however, there are different rules depending on the person and where the information came from, which we will cover next. Each and every incident is judged on a case-by-case basis where the Commission is concerned, while two instances could be considered as misuse of information, one could be infinitely more severe than the other.

The Commission has listed six different instances of misuse of information, with the lowest being labelled as the Art of Betting. The most severe is Manipulating an Event, which relates to using inside information to cheat and make profit from betting. There are only four of the six instances that are actually labelled as insider information, and there are different outcomes for what route the Commission would take if they were discovered. These four of the six instances are: Type of Instance UKGC Decision Informed Information The bettor is actually aware that the information they have received should be restricted and should not be used for their own gain or passed on to others for theirs.

Generally speaking, a report to the Sport Governing Body SGB would be enough for this instance and any bets placed would likely be voided. Restricted Information The bettor receives or gains information which has been obtained due to the involvement of a person passing on those details.

For example, an employee of a club giving away details of a player sale prior to it becoming public knowledge. Any bets relating to this would be voided and the informant would be sanctioned through their own governing body. Criminality or Malfunction If someone is aware of a malfunction in how something operates and makes financial gains by being aware of this and exploiting it.

Event Manipulation A player or participant actively manipulating the outcome of an event by fixing it that someone is sent off or that a specific number of goals are let in or anything similar. Dismissal of the player s is likely to occur.

Famous Examples of Insider Betting Certain issues have arisen throughout the past when it comes to insider betting. Reality television shows have created the necessity of people calling in to vote for their favourite contestants or evict their least-favoured participants, for example.

The public are responsible for calling in on the given phone numbers and the number of votes need to be collated by someone or something. Back in , the police were called in to investigate a betting ring that was earning thousands of pounds by acquiring information about the results ahead of time.

Naturally, this was suspected to be due to someone working for British Telecom BT. Each of these shows had phone lines operated by BT. While the betting ring managed to place a number of bets on events, they were eventually discovered due to the fact that all of the wagers were placed later on in the day and came from the same computers each time.

Even though a member of the group did work for BT, they denied any sort of criminality, while another member claimed that it was simply luck that saw him win so frequently. Interstingly 'novely' or 'special' markets like betting on TV shows carry some of the lowest payout limits in the industry. This suggests the bookies don't have as much trust in the integrity of these compared to high level sporting events.

Virgin Media Workers Gain the Advantage Betting on The X-Factor It seems like reality television has been at quite the centre of multiple issues in the past, with proving to be yet another bad year. Exchange betting allows participants to wager against each other, rather than against the bookmaker itself. Around people were affected by the scam, although the Gambling Commission issued a voiding order, allowing them to seek recompense for their illegal losses.

Footballer Bets on His Own Transfer Football, or sports in general, have often had a testing relationship with gambling. Players have got themselves into masses of debt, and the governing body of football has had to battle heavily against those players who have suffered from addiction. Yet, perhaps nobody could have guessed that a player would have wagered on his own transfer! Yet, a lot of this information was brought to the forefront after player Joey Barton admitted that he had placed bets equating to thousands of pounds on football matches.

This was claimed to be very typical of football players. A common idea behind insider betting is that it would be very easy for someone working at an online sportsbook to place wagers and win. Obviously, working so close to the sports betting scene, this would certainly prove to be an advantage. That is banned outright by the sports betting companies themselves.

Does this really mean that those sports betting employees have an advantage, though? Different platforms work in different ways and tend to feature varying odds, albeit as competitive as possible. There are many online tipping services available, which are utilised by a number of sports bettors. Can these really be considered as insider betting, though?

Or are they just much more of a scam service? These give you hints and tips about which horses are the best ones to back in upcoming races or which football teams are the better ones to back in fixtures. However — and this is a big however — there are those higher end horse racing tipping services, which do utilise insider knowledge.

Yet, they also charge quite the large sums of money for their users to be a member of their community. The first key to proper money management is to be sure not to bet more than you can afford to lose. If you are going to bet on sports, it is important to set aside a certain portion of your money for betting and to stick with that bankroll, win or lose.

Winning money on sports is not a sprint. If you bet your whole bankroll on one game and lose, you will be more likely to try and chase your losses. If you spread your bankroll among several smaller bets, you are more likely to make a profit in the long run if you do the proper homework. Remember, there are no locks in this business and any team can lose on any given night. And on the subject of chasing: Don't do it!

There is no worse way to mismanage your bankroll than to chase your bets after a losing day. If you didn't like the game before you lost your money, why would you like it after your losses? Chasing bets is a losing proposition almost every time. If you are on a winning streak, increase the amount of your bets. Wins and losses often come in streaks, and it can be profitable to ride out a hot streak. Sports Betting Tip 2 - Shopping for Numbers The second most important aspect of betting on sports is shopping for the best number.

There will be more discrepancy in the numbers on different sports at different sports books. The NFL, for example, will have very similar numbers at most of the betting shops you visit. On college sports and daily events like the NBA, you will be able to find different lines at different sports books. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.

When you are betting your hard earned money, getting the best line is a top priority. And since the lines the bookmakers release are increasingly strong, the difference between a point or two is usually the difference between a win or a loss. Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn't otherwise make. To be a successful sports bettor you need to operate with a clear mind. If you have had too much to drink, it is in your best interest to stay away from the betting window.

Sports Betting Tip 4 - Do your Homework As a bettor, you have the advantage of streamlining your research, which is something the sports books are not at liberty to do. The best way to win money betting sports is to develop a niche and follow it closely. If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can.

There is a wealth of information on the Internet; it is just up to you to find it and research it daily. When you are betting big bucks the difference in odds translate into a huge difference in your payout. All it takes is a little research of the sports books you usually bet at. Most books have their payout odds listed in way that is easy for the bettor to find them. It should be noted that we advise against playing parlays and teasers for the most part. Especially anything over a 2-teamer Sports Betting Tip 6 - Play Home Dogs There is probably no better bet in sports than playing an underdog at home.

Teams play inspired ball at home. Slim underdogs regularly win outright. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd. There are many other important factors when it comes to beating the books. Many people don't have the time to study things like: statistics, line moves, game analysis, team trends, situational trends, Historical angles, valuable lines, inflated numbers on public teams, etc.

If this is your situation, there is help available to you. There are many fine sports handicapping services available.