Sports betting, whether done legally or illegally, is part of the everyday American lifestyle. Is there a science? Is there an algorithm? Is it pure luck? Did you hear that the starting QB was part of a ménage trios last night? I cannot answer these questions for you. I can, however, give you some information to take into consideration when placing your bets.
First thing, don’t bet! Ok, now that I have that disclaimer out of the way let’s get into some betting tips.
Sports betters need to win roughly 55% of their bets just to break even. You are probably asking yourself, “Why wouldn’t a 50% win rate be breaking even?” Anyone familiar with sports betting has probably heard the words, “juice” or “vig”. These terms describe what a sportsbook charges for offering odds on a sporting event (they are in it for the money too). The main thought to keep in mind is that the sportsbook, or “house,” is always making money and hence have a sports betting bankroll management for payperhead sportsbook. Why would they offer sports betting if they weren’t?
This brings me to a method that has found bettors success over the years.
Betting with the “house,” or against the betting public, is one of the most efficient ways to win. You are able to determine how the public is betting based on the fluctuation of the opening lines. Here is a visual example on how to tell which way the public is wagering:
Below you will find the opening over/under line and the current over/under line.
- Open: New England vs Atlanta – over/under 57.5
- Current: New England vs Atlanta – over/under 59
The above scenario tells you that current money is coming in on the over leading to the “house” increasing the line. Following my theory, one should place their wager on the under.
I am not telling you that this is a sound method, but let me finish with this final thought. If the “house” wasn’t winning, why would they continue to put out betting lines? Exactly! So perhaps it’s time to really get the cogs turning and think about your betting strategies, you can also find online sites like https://bettorbase.com/ to help you as well – top picks and most likely to win and all those things too. Efficiency is everything when betting, and trust me, my theory has logic to it!