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Lesson 3: The Casino’s Edge

Lead Instructor:  Bill Harrelson
 Access:  Public   Status:  Active   Lesson:  Part of Course
In this lesson, you will delve into the critical concept of "The Casino's Edge." Understanding the house advantage is essential for any sports bettor. We will explore the factors that contribute to the casino's long-term profitability and how you can navigate them. By the end of this lesson, you'll be equipped with the knowledge to make informed decisions and maximize your chances of success in the sports betting world.

Lesson Specs

Other Lessons in Course

Instructions

  1. Watch the Lesson
  2. Take notes on key aspects
  3. Bookmark key points in the Lesson
  4. Ask questions on the Forum
  5. Use Lesson resources to supplement your knowledge

Lesson Chapters

  1. Why the House (Almost) Always Wins
  2. The Vig
  3. Win Rates
  4. Market Inefficiencies
  5. Line Shopping
  6. Lesson Examples

Lead Instructor

Bill Harrelson
Founder/CEO of ElitePickz

Bill's journey in the world of Sports Betting started as a bit of an accident. He was always a huge sports fan, and naturally was drawn into some of the people selling sports betting advice online. He even used to do advertising for a few competitor brands, before realizing how many of them were scams.

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Other Lessons in This Course

Lesson 1: Sports Betting Overview

Congratulations on taking your first step toward becoming an informed sports bettor! By beginning this course, you are already setting yourself up to become an above-average sports bettor. This lesson covers introductory topics such as How to Place a Bet, Understanding Betting Odds, and the Casin...

Lesson 2: Betting Types

This lesson gives you a comprehensive overview of the most common forms of wagers you will see in the sports betting market. This includes Singles and Straights, Parlays, Teasers, and more. Complete with examples to test your knowledge, you will become familiar with the advantages and disadvantag...

Lesson 3: The Casino’s Edge

In this lesson, you will delve into the critical concept of "The Casino's Edge." Understanding the house advantage is essential for any sports bettor.

Lesson 4: Discipline and Strategy

Maintaining discipline and developing a solid betting strategy are the cornerstones of successful sports betting. In this lesson, you'll learn the importance of bankroll management, setting clear betting goals, and creating a systematic approach to your wagers. We'll also discuss the psychologica...

Lesson 5: Line Movement

Understanding how betting lines move is a key skill for sports bettors. This lesson will teach you the intricacies of line movement, why it occurs, and how to use it to your advantage. You'll learn to identify trends and anticipate line shifts, ultimately improving your ability to make timely and...

Lesson 6: Advanced Strategy

Now that you have a solid foundation, it's time to explore advanced strategies in sports betting. This lesson delves into topics like hedging bets, handicapping, and live betting. You'll gain insights into how the pros make calculated decisions to maximize their profits and minimize risks in vari...

Lesson 7: Golf Betting

Get ready for a comprehensive A-to-Z exploration of golf betting, where theory transforms into practical insights and strategies to elevate your understanding and approach in the dynamic world of golf analytics and betting.

Lesson 8: Basketball Betting

Learn the ins and outs of basketball betting in this lesson. You’ll learn fundamentals like how to understand basketball odds and utilize key statistics, as well as explore advanced analytics. This lesson also covers live betting strategies and effective bankroll management for basketball wagering.

Lesson 9: Football Betting

In this lesson, dive into the world of American football betting and its core principles, odds essentials, bet types, and wagering strategies. Enhance your knowledge with specialized bets, research and analytics, and key statistics. You’ll also learn about valuable resources to equip you with nex...