| I read an article recently where the author claimed that | | | | over the U.S. and abroad. Although they may be illegal, |
| the prospects for the handicapping business just aren't | | | | it doesn't mean they are going away. As long as there |
| what they used to be. He bemoaned the economy | | | | is a sports gambling market to be filled there will |
| and several other factors as culprits. Actually, I had to | | | | always be those looking to exploit it, even if it means |
| laugh. And, I'm sure that any successful handicapper | | | | running the risk of going to jail. Again, this has been |
| who read it would be laughing too. Let me tell you | | | | proven time and time again throughout history. |
| three simple reasons why there will always be money | | | | Reason #3: |
| to be made in the handicapping business. | | | | The third piece of the puzzle is the sports gambler or, |
| Reason #1: | | | | what might be more accurately described as the |
| First of all, there will always be sporting events for | | | | "sports investor." |
| people to wager on. You can include just about any | | | | Basically, these people see sports betting as a way to |
| sport you want on the list: football, baseball, hoops, | | | | make an easy buck. But, for one reason or another, |
| hockey, auto racing, horses, boxing, golf, soccer. The | | | | they aren't necessarily inclined to do their own |
| list goes on and on. If there's a sporting event on tap | | | | handicapping. There are many reasons for this. Maybe |
| humans will find ways to make that event more | | | | they just don't have the time or the patience. Maybe |
| interesting by gambling on it. It's been that way almost | | | | they've tried but they're just not very good at it. |
| since the beginning of human history. And, that's not | | | | Whatever the reason, sooner or later, a lot of these |
| going to change any time soon. In fact, there are | | | | people come to the conclusion that it's easier to just |
| probably more sporting events being staged around | | | | have someone else do it for them. And they are |
| the world now than ever before. If anything, there will | | | | perfectly willing to pay for the service. And, that's |
| only be more in the future. | | | | where the sports advisory services cash in. |
| Reason #2: | | | | Think of it this way. Just as there is a market for stock |
| Along with the proliferation in sporting events there has | | | | brokers, investment advisors, financial planners, money |
| also been an increase in gambling outlets available to | | | | managers (and consultants of all kinds) there is also a |
| the general betting public. | | | | market for sports handicappers who can pick their |
| Of course, there are always the legit sports books in | | | | share of winners against the spread. And that will |
| Vegas. But, that's only the tip of the iceberg. Then | | | | always be true as long as there are sporting events, |
| there are the online/offshore sports books, which all | | | | gambling outlets, and people who see sports betting as |
| want a piece of the action. And don't forget about the | | | | a way to make easy money. |
| countless underground bookie operations being run all | | | | |