Quote Originally Posted by moses View Post
I've noticed Greed and Fear drives sportsbook bettors. Greed before they buy the ticket. Fear after they own the ticket. Now for a guy that is strictly a value investor, he could "feed" off those two emotions. For instance, one of the rhymes I repeat to myself on a hockey bet that I rarely watch is Better Team, Home Ice, Great Price.

A savvy investor could make some money on busy weekends in buying tickets for pennies on the dollar and end up on both sides purely by reading peoples emotions.
Fear and greed also drive the stock market. The best sports bettors I know bet what they feel are odds that are bargains. They don't have to watch a game they bet on, and they don't have to bet a game they watch. The margins in sports betting are pretty small. Nobody is going to win 60% over 1000 plays. It will not happen. But one need to only be about 52% to break even. Most shoot for around 55% ATS.