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Exclusive To WagerOnFootball.com - Sport Books Review
- Our #4 Pick For
Best Sportsbook Bodog.com's
Own Rob Gillespie will appear here with his weekly
article for Wager On Football.com Readers. We can't
begin to tell you how lucky we are to have this
man's expertise right here on our site.
What won't WagerOnFootball.com do for its loyal
readers? Well We'll do everything but give you the
$$ to place your NFL bet.
Rob Gillespie, President of Bodog
Sportsbook, Casino and Poker, has been involved
in sports wagering and gambling since he was a young
child. Whether it was playing five-card stud with
his dad's Navy buddies or running a sportsbook out
of his high school locker, Gillespie has always
had a knack for the gambling game.
In this week's issue I was going to cover the year's
best games, but I thought I'd better wait and see
how things unfold in the NFL this weekend. Plus,
with the Rose Bowl, Sugar Bowl and Orange Bowl still
to play there's plenty of college football left
to watch.
So, in this week's column I've rounded up my favorite
topic, digging deep into the Frontlines archives
to give you my personal 'best of' article, dating
back to my very first column. I hope you enjoy it.
This week, I would like to start with a little
introduction of myself, some regular contributors
and a few basic terms to get us going.
I've been handicapping pointspreads
since I was a teenager, and I figured out very early
that I was lousy at it. However, I also noticed
that lots of my friends were lousy at is as well,
so I decided to start trying to make money from
them being wrong, rather than me being right. Combining
my keen sense of numbers and my interest in the
booming online sports betting industry, I parlayed
my experiences "on the street" into a
full-time career as a bookmaker for offshore sportsbooks
in Costa Rica.
 
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During my time as a bookmaker, I noticed that lots
of players didn't seem to understand the industry,
although they were participating in it. When I accepted
my current position as Operations Manager, I decided
to spend some time and help all sportsbook players
understand the business side of the sportsbooks
a little better. One of my biggest resources will
be Bodog's head bookmaker, Kent. He has an uncanny
ability to remember lines, scores and games, and
would not be a guy that I would play sports trivia
against. Kent has been very generous in providing
me with the latest information from Bodog's wager
center, where he gains invaluable input directly
from players, as well as all the latest trends and
issues affecting our industry. He will be a great
asset in our weekly peeks behind the curtain. In
addition to Kent's inside information, I will also
be talking to some of the biggest handicappers in
the industry, such as Brian Gabrielle, Big Al McMordie,
and Doc from Doc's Sports, so we can all get their
views of the games and the industry as a whole.
As a starting point for our weekly discussions,
I want all players to understand the basic business
model of sportsbooks. As you all know, when you
place a straight wager on the pointspread of a football
or basketball game, you need to risk $110 to win
$100. The $10 difference between risk and payout
is known as the juice, or the vigorish (or just
"vig" for short) and is the reason sportsbooks
are in business. Sportsbooks essentially act as
a broker between you and another player who wants
to bet on the other team and collects the small
commission as compensation for brokering the deal
and handling the transfer of funds between the two
of you. This is important to understand, because
it leads me to the biggest misconception in sports
wagering. The pointspread is not the handicapper's
predicted margin-of-victory, but it is in fact the
handicapper's prediction of what number will be
required to split the wagering evenly on both teams.
We will examine this fact and the opportunities
it presents in further detail in the weeks ahead.
The enjoyment of your wagering experience with
us is my number one priority. Should you have any
questions, concerns, or comments, I will personally
ensure you are satisfied with your Bodog experience.
Good luck with your wagers!
Please feel free to email me ([email protected])
or the guys at WagerOnFootball.com
with any questions you want answered and I assure
you they will have a good chance of making the column
(or a subsequent one) as I plan on making this a
monthly column. On behalf of me, my family, and
the entire WagerOnFootball.com & Bodog team,
have a great week everyone.
The enjoyment of your wagering experience with
us is my number one priority. Should you have any
questions, concerns, or comments, I will personally
ensure you are satisfied with your Bodog experience.
NFL
Sportsbooks Ratings Guide ranked by our Sport Books
Review
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