Over the years, we’ve come across plenty of ads for sports handicapping services.
Touts, as they’re commonly known, seem to be in a shouting contest as they try to convince you that they have all the inside information on this game and that their pick is a virtual (here comes the dreaded word) lock.
In reality, a lot of these handicapping services are scams.
But not all of them are. In fact, there are a few out there that can help you make a lot of money in the long run.
The key is to find those services that are transparent about their long-term records. Rather than telling you that they are on a 70% run over their last 10 picks (which sounds great, but you could easily flip a coin 10 times and have it land on heads seven times), the good services will show you that they have won 56% of their picks over the past two years. Try flipping a coin a thousand times and see if that coin still lands on …