Sports Betting Q&A
Frequently asked questions about sports betting
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What are sports betting touts?

A sports betting tout is an individual (handicapper) who sells picks often in exchange for an up-front payment. Touts either sell picks by themselves or are part of a service, which is composed of numerous touts, selling different kinds of packages.

How does it work?

The most common way touts make money is by selling a package of picks for a certain amount of time, often a full season or over the course of the playoffs or a tournament. Each tout works differently in that they'll charge a one-time fee for a set of picks or they'll charge on a per-pick basis. From there, some touts also charge a winning percentage, which is a tad more fishy, as you'll have to pay the original fee and another fee for a percentage of your winnings.

Sounds great, right?

While touts often promote huge winning percentages and guaranteed winners, most of them can't be trusted. The theory is that if you are a successful bettor, you don't have to sell your picks. That's why touts get a bad rap because in addition to hard-to-trust betting numbers, it's hard to verify the thousands of picks they say they've made in the past. Even then, some of them will give out different picks to different subscribers for the same contest.

Even if the tout gives out winners, it probably isn't worth it in the end unless you're a high-stakes gambler. Sports betting is already difficult in order to come out on the positive and hit roughly 52.4% of bets. Throw in the extra few dollars spent on a tout service and that percentage can rise to 55 or even higher, assuming you want to win something. If a tout advertises to give winners at more than a 70% clip, that's when you run. Hitting more than a 60% clip is a rarity and if that's the case, that bettor should be rich.

Other options

If you want to be a successful sports bettor, it's going to take more time than finding a random tout online and giving them money. Most successful sports bettors have a system of numbers they use in order to take bias out of the equation. You can find almost any piece of information you need for free online and that's usually the best place to start if you're serious about sports betting.

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More Questions To Read
What are some current trends in sports betting?
Betting trends usually refer to what the public is doing. You have two choices, to follow the public or fade the public.
Who benefits from sports betting?
Sports betting not only benefits each state, but it also gives fans another way to enjoy games.
What is a sports betting model?
A sports betting model is a system that can identify unbiased picks to determine the probability for all outcomes in a certain game.
What is a sports betting exchange?
A sports betting exchange allows bettors to bet against each other instead of through a bookmaker.
What are some tips for managing your bankroll when betting on sports?
The most important tip when betting on sports is to limit each bet to be between one and five percent of your bankroll.
Can sports betting be a career?
Yes. Sports betting can be a career if you make it your full-time job and put in the hours.
Can sports betting make you rich?
Sports betting is unlikely to make you rich unless you turn it into a full-time job and become one of the best bettors in the world.
Is sports betting a waste of money?
Sports betting is not a waste of money if you define your goals before making your first wager.
Can sports betting be profitable?
Sports betting can be profitable, but the majority of bettors lose money, which is why sportsbooks exist.
What some simple tips for betting on sports?
A simple tip for betting on sports is to remember that only a small percentage of bettors are profitable in the long run.
What are some good sports betting tips for beginners?
A tip for beginners may be that turning a profit in sports betting is difficult and because you "know sports" doesn't mean you'll be successful.
How do you win at sports betting?
To win at sports betting, one has to put time into studying and researching various aspects of a matchup.
Why should sports betting be legal?
Sports betting should be legal because not only is it another way for fans to enjoy action, but it's also a boost to the economy.
Is sports betting rigged?
Sports betting is not rigged, but it is against your favor because of the vig.
What is the tax rate on sports betting winnings?
When PASPA was overturned in 2018, states began legalizing sports betting and introducing different taxes on revenue.
How do sports betting payouts work?
Sports betting payouts depend on which type of odds are being used.
What is a bookie in sports betting?
A bookie is someone who facilitates gambling by setting odds, accepting and placing bets, and then paying out the winnings.
What are some popular sports betting books?
BetMGM, DraftKings, FanDuel and PointsBet are some of the more popular sportsbooks where sports betting is legal.
Which sports betting site is best?
BetMGM, DraftKings, FanDuel and PointsBet are some of the more popular online sportsbooks where betting is legal.
What is a hedge in sports betting?
A hedge is a method to reduce risk and secure winnings for a specified bet.
What is the spread in sports betting?
The spread, also referred to as the line, is used to even the odds between two unevenly matched teams.
How do sports betting spreads work?
Sports betting spreads, also referred to as lines, are used to even the odds between two unevenly matched teams.
What does hook mean in sports betting?
The hook means a half-point in sports betting.
What is arbitrage in sports betting?
Arbitrage in sports betting is when someone places bets on all possible outcomes of an event at odds that guarantee profit.
Can you arbitrage sports betting?
Arbitrage sports betting is legal, though it's frowned upon by bookmakers.