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Betting Articles

Lazy Sports Betting Tactics
How to beat the bookies in the over-under markets
How to convert between decimal and American odds
How to get an edge in betting
How to test the credibility of a tipster`s record
Kelly criterion method
How to use Kelly Criterion for betting
How Weather Affects Sports Betting
Increase Your Chances of Winning Long Term Betting on Sports
Intermediate and Advanced Sports Betting
Common sportsbetting myths
Advices on Betting Fundamentals
Betting do's and don'ts
Choosing a staking method based on your betting profile
Betting staking plans
Value betting explained
Sports-betting- a game of numbers
Market movement in betting
Types of odds explained
European types of bets explained
American types of bets explained
Martingale Considerations in Sports Betting
In-play betting
Accumulator betting
Mobile betting
A Crash Course in Horse Racing
A Crash Course In Sports Betting
American odds versus decimal odds
Bankroll management
Money management in sportsbetting- odds, edge and variance
Basic bet types explained
Paying for Picks
Betting on winning streaks
Betting psychology- a crash course about aspiring professional bettors
Popular Sports Betting Beliefs
Do you make these 9 sportsbetting mistakes?
Does intuition have a place in sportsbetting?
Exchange betting
Randomness in sportsbetting
Fractional versus decimal odds
Home team advantage analised
How bad at sportsbetting are you?
Reasons to Keep Betting Records
How bookmakers make money
How bookmakers work
How do betting exchanges work
Should You Bet on Multiple Sports or Specialize?
How do free bets work
How does luck influence short term betting
How good are betting tipsters
Sports Betting for Beginners
How loss aversion impacts performance
How many sports to bet on
How Much Should You Bet On a Sporting Event?
Staking-one method to improve your betting
How much you should risk per bet?
How Sports Betting Has Changed Over the Last 20 Years
How To Avoid A Big Sports Betting Loss
The art of multiple betting
The history of lotteries
The value of information in soccer betting
Three careers ideally suited to betting
Tips for Better Sports Betting Results
Types of Online Sports Betting Bonuses
Understanding and managing your risk of ruin
Understanding Horse Racing Bet Types
Understanding Live Betting
Value betting is an essential skill for bettors
Ways to Increase the Percentage of Sports Bets You Win
What are drawdowns and how to manage them
What are the most common mistakes the bettors make
What are the real chances of winning the lottery?
What distinguishes winning from losing betors
What is a handicap soccer betting?
What is the Fibonacci betting system?
What is the Labouchere betting system
What is the Martingale staking system
Why do we gamble? Irrationality and overconfidence
Why patience is an essential trait for any serious bettor
Poisson Distribution: Predict the score in soccer betting
Fixed Staking vs. Variable Staking
Basketball betting: Bet types explained
7 Sure-Fire Baseball Betting Strategies
How Does In-Play Betting Work?
To Parlay, or Not to Parlay?
Wisdom of the Crowds applied to betting
CASINO ARTICLES
A Novice’s Tutorial on Casino Gambling Games
How to Gamble with Dice – Popular Dice Games and Their Variations
How Online Casinos Helped Me Love Roulette Even More
My Top Three Tips for Getting Comps in Casinos
5 blackjack stereotypes
5 Gambling Tricks You Can Only Use Online
5 LITTLE-KNOWN FACTS THAT AFFECT YOUR AVERAGE HOURLY LOSS IN A CASINO
5 REASONS CASINO GAMES ARE SO ENTERTAINING
5 Things All Casino Gambling Fans Are Sick of Hearing
5 Tips to Managing Your Casino Bankroll Effectively
The Five Most Important Tips I Ever Learned on Bankroll Management
5 Rookie Mistakes in Blackjack and How to Avoid Them
7 roulette variations probably you have never heard of
7 THINGS YOU NEVER KNEW ABOUT CASINOS
7 Ways Casino Players Sabotage Their Chances of Success
How to Tell If You’re About to Make a Mistake with Your Next Casino Bet
The 12 Types of People I Meet in Casinos – Analyzing My Fellow Gamblers
10 SURE-FIRE CASINO GAMBLING STRATEGIES THAT WORK
What I Love Most About My Three Favorite Video Poker Games
The Last Guide to Video Poker Tournament Strategies You’ll Ever Need
Baccarat and the Martingale System – Can It Work?
Is There a Gambling System That Never Loses?
Combining the Martingale System with Odds Bets in Craps
Which Bets on Which Casino Games Offer the Best Odds of Doubling Your Money?
What’s Next for Online Gambling?
Using Self-Discipline in the Casino
20 ONLINE GAMBLING TIPS
Going All-In – When to Bet It All in Poker
10 Things I Wish I’d Known About Roulette Before I Started
Who’s the Best Video Poker Player in the World
Are No-Deposit Bonuses at Online Casinos a Waste of Your Time or Worth Going For?
Are Online Casino Bonuses Worth Taking?
BEATING BACCARAT – WINNING SYSTEMS & STRATEGIES
CHOOSING THE RIGHT SLOT MACHINE
EUROPEAN VS. AMERICAN ROULETTE
EVEN MONEY CASINO BETS
Feel Confident When Gambling Online – 8 Tips to Help You Choose a Secure Site
Finding the Best Slots Online
Gambling and Poker Playing: 10 Things to Know
GAMBLING GAMES THAT ARE REALLY WORTH TRYING
HOW TO AVOID GOING BROKE AT THE ROULETTE WHEEL
HOW TO GET YOUR FIRST ONLINE CASINO SIGNUP BONUS
How to make a million playing video poker
How to Spend Your Gambling Winnings
HOW TO SURVIVE A BLIZZARD AT THE CRAPS TABLE
HOW TO WIN AT ROULETTE
How to Win Consistently at Casino Gambling
How to Win Consistently at Craps
How to Win Consistently at Roulette
HOW VOLATILITY WORKS IN CASINO GAMBLING
Is It Possible to Play Roulette as a Career (Or Even as a Part Time Gig)?
Is One Blackjack Game Better Than Another?
MONEY MANAGEMENT STRATEGY FOR YOUR NEXT CASINO TRIP
ONLINE CASINO DISPUTES
SKILL BASED CASINO GAMES: PROS AND CONS
The 5 secret joys of casino gambling
The Benefits of an Online Gambling Environment
The Best Long-Term Strategies for Playing Progressive Jackpot Slots
THE BIGGEST JACKPOTS IN ONLINE GAMBLING
THE EASIEST WAY TO LEARN BLACKJACK STRATEGY
THE HOUSE EDGE
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The Surprising Secret to Winning at Casino Gambling
Who Takes Care of Your Safety at Online Casinos?
Why Don’t Craps Players Just Use the Right Strategy?
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WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
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Paying for Picks

It's quite common for bettors, particularly recreational ones, to think about following sports picks or tips at one time or another. The idea of making money just through following the experts can be very tempting. The problem, though, is that it's not quite that simple.

For one thing, the number of services providing betting picks is huge. The internet, and social media especially, has made it easy for anyone to give out their betting "expertise" to the public, and it is difficult to know who's providing valuable information and who isn't.

A lot of the stuff you'll find at places like Twitter and Facebook is relatively useless. It's largely from betting enthusiasts who just enjoy sharing their views, or want to build up an audience for their own satisfaction. These people typically don't charge for their picks, and some of them do occasionally provide some useful insight and information, so there is no real harm in checking them out from time to time. You shouldn't expect to make huge profits from following them though.

There are plenty of paid services available too. A lot of these are also fairly useless, and not at all worth paying for, but some of them are run by people who genuinely know what they are talking about. The big question is whether or not these services actually reflect value for money. That is something we endeavor to answer in this article.

Why Pay for Picks?

Making money from sports betting is not at all easy. Anyone can do it, but the reality is that most bettors don't. To be truly successful you need patience, discipline, and a decent amount of sports knowledge. You also need to put in the necessary time and effort to identify possible betting opportunities and assess their value.

These requirements are why paying for picks can be so appealing. You may really enjoy betting, but not have enough time to carry out research and evaluate potential bets. You may not be very disciplined, or be patient enough to wait for the right opportunities. You may simply not be very good at picking winners. None of this matters if you decide to just to follow picks. If you use a reliable service which consistently provides good quality picks, you may well be able to make some money without having to put in any real effort yourself.

Paid picks don't have to replace your own efforts though, they can complement them too. Many services provide comprehensive write-ups with their picks, explaining the rationale behind the decision to recommend a wager. With services like this you are not just paying for the selections, you are also paying for the insight.

This can be useful for validating your own decisions, or highlighting where your thinking might be a bit off. It may also make you look at factors that you had not previously been taking into account. Therefore the right service will not only provide you with some winners, it can also help you to improve your own betting skills over time.

There are clearly some advantages to paying for picks, but there are some disadvantages to consider too.

Disadvantages of Paying for Picks

One of the main problems you face if you decide to pay for picks is in choosing a service. We've already mentioned how many there are, and how hard it is to determine which of these are any good. Most paid services will provide some kind of record of their previous picks, but you can't always be sure that they are being entirely accurate.

The only way to know for sure if a service is any good is to try it out for yourself and follow the picks for a while. This could end up being a complete waste of money. If it takes you a few attempts to find a service that actually helps you win money, you could already have done some serious damage to your bankroll.

Even if you manage to find a service that provides regular winners, there is no guarantee that you'll make a profit consistently. All bettors have bad runs where they can't land a winning bet, and pick providers are no different. You still have to pay, though, if a service is going through a bad run with its picks. You'll be losing money on your bets too, so again your bankroll could take a real hit.

It's also worth noting that you need to stake a certain amount to make a picks service pay for itself. To highlight this we'll use a simplified example, of a hypothetical picks service that charges $50 a month and generally recommends wagers at even money odds (+100 in moneyline odds, 2.00 in decimal odds).

Let's assume that this service has a win rate of 60%, which would be considered a good rate for bets at these odds, and generally provides a total of around ten wagers a month. In an average month you would therefore win six wagers and lose four. With even money odds you would win an amount equal to your stake, so if you were staking $25 each time you would win $25 six times ($150 in total) and lose $25 four times ($100 in total).

This would give you a total betting profit of $50, which is exactly what you'd be paying for the service. If your stake was less than $25 for each wager, you wouldn't make enough to pay for the service.

There are cheaper picks services available, but the fact remains that the cost will always eat into any betting profits you make. Of course, this may not be an issue if your stakes are high enough and you are getting enough winners. If you don't bet large amounts, though, the costs associated with paying for picks can be a significant disadvantage.

Conclusion

We have shown that there are both advantages and disadvantages to paying for picks. Whether or not the advantages outweigh the disadvantages is ultimately down to your personal view and your own circumstances.

As a general rule, we believe it is much better to try and make your own selections. If you have the time to put into developing your betting skills, and doing any necessary research, you have every chance of being successful. You will also find it far more satisfying if you are making money based on your own judgments.

However, we would not go as far as to say that you should never pay for picks. It can be the right way to go if you don't have much time to spare and have a big enough bankroll to justify the costs. You will need to find a reliable service though, and that can be just as hard as picking your own winners.