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Sharp sports bettor David Halpern shares basic fundamentals

22nd September, 03:11

FILE - In this Monday, Sept. 16, 2019, file photo, New York Jets' quarterback Luke Falk signals at the line of scrimmage during the second half of an NFL football game against the Cleveland Browns in East Rutherford, N.J. Falk was merely a practice squad quarterback a week ago. But with Sam Darnold still sidelined by mononucleosis and Trevor Siemian out for the season with an ankle injury, he is the Jets' starting quarterback, and against the New England Patriots, of all opponents. (AP Photo/Adam Hunger, File) David Halpern is a successful sports bettor who was featured on the Showtime docuseries "Action." "He's a well-known, high-end player of ours and a very smart person," Westgate sportsbook director John Murray said. A graduate of the prestigious Wharton Business School at the University of Pennsylvania, Halpern is a semi-retired private equity investor who splits his time between La Jolla, California, and Las Vegas. Well versed in probability and statistics, Halpern estimates that fewer than 1 percent of people make money in the long run betting on sports. But he shared some basic sports betting fundamentals with the Review-Journal that he feels are mandatory for even the most recreational of players to use. Get multiple apps, best numbers "When you're betting $11 to make $10 at the sportsbook, you're laying 4.76 percent. But you can reduce that by opening up as many accounts as possible and always maximizing your edge by getting the best point spread available," he said. "If you don't have... [Read full story]