[notouch]

It's definitely possible to make a profit betting on online sports events. There are some guys over on the T2W boards specialising in it. The principles are similar to stock market trading - profit from other people's overreaction. It works well on spread betting (which I think is illegal in "free" America) where the odds are based on the bets being made during the game. So when a goal is scored that's like the knee-jerk reaction to a news event. You can fade it, or wait for the pullback and buy etc.