Betting on your favorite sport or team is common in the United States and all over the world. The internet has made this easier than ever, but this isn’t necessarily to everyone’s benefit. Sports betting is fun, for sure, but it becomes even more entertaining when you have a better chance of winning money. This is often not done by picking the right team–most experienced sports fans already have a good handle on doing this. But, because sportsbooks stack their prices in their favor, you need to do more than be right most of the time before you can turn a profit.
There are many things that dictate odds on a team or event: drafts, trades, past records, injuries, and so on. These all are taken into account by oddsmakers, but the biggest thing that is considered is popular opinion. However, the sad reality is that most people who bet on sports end up losing. It’s not because they don’t know what they are doing with sports, it’s that they don’t spend time looking for ways to increase their profit making ability. And the worst part of this is is that it’s extremely easy to do. For example, you know that the Seahawks-Patriots game has a 3 point spread and you are certain that the Pats will win by 4 or more points. This is good news. It shows that you understand sports and how to handicap them effectively. However, this is the extent of what many people look for. And this is where most people quickly lose money.
Many sportsbooks will have a set price on the spread at -110. This means that tp won $100, you need to risk $110, and right off the bat, you’re automatically at a 10 percent disadvantage. But, what if you could find a site that had the same spread, but at -105, instead? That’s 5 percent better for you., and while $5 here and there doesn’t seem like a big deal, it really adds up over time. If you could increase your earnings in the stock market, for example, with one easy trick, wouldn’t you take it? It could mean the difference between retiring a year or two earlier, in some cases. The same principle applies in sports betting. You won’t be risking the amount that you would put into your retirement because of the higher variance, but the concept is similar. A few dollars here and there adds up to a lot over the course of months and years. And for many people it is the difference between being a losing sports bettor, and a highly successful one.
Which camp do you want to fall in? If you’re taking this seriously, then you want to make money when you place your bets, and that means doing more than just understanding that your favorite NFL team is at a 6.5 point advantage at home, and a 3.5 one away. To be the most profitable bettor possible, you need to know which books are offering the best lines, and giving you the best deals where you can risk less to win more. This can vary from day to day, even within the same sportsbook, so pay attention to trends, as well, so that you can always time your bets to give yourself the best profit rate possible. Squeezing out a few dollars here and there adds up to thousands of dollars every year, and will drastically turn around your long term success.