Making money with sports betting - is it possible?
Sports betting always goes hand in hand with sports. It is a way to enjoy the sports themselves. Despite being illegal in many countries, sports betting always fascinates people. For over a decade, everyone knows that it is happening; still, people engage in it. Though you can give whole responsibility to outdated law, which doesn’t have the potential to control people, or it is just because of your betting love. So many global companies have found their ways in different countries, so sports betting is now not as simple as it was before.
Apart from your endless love for betting, if you want to make money from it, then you have reached the right platform. Most sports fans lose a high amount of money in sports betting. This is all because they have prejudices and biases against and towards the team that wouldn’t exist if they are not fans.
In other words, it is hard to make money with sports betting until or unless you have an objective for the team’s odd. But if you are ready to put your fan emotion aside, then you can probably win lots of money in sports betting.
In this post, we want to introduce some ideas that will help you in making money with sports betting; please have a look:-
You have to understand the math’s behind making money in sports betting
Even though you are betting for the first time, your chances of winning are 52.4%. Some people will get confused that if they are wining 50% of their bets, then what are the benefits of investing time in learning. Anything above 50% means profit, but in sports betting, this is not the right scenario.
Though most bets indeed have a 50% possibility of winning based on the point spread, do you know that bookmakers make you bet $110 to win $100? Besides, if you are losing your time, then it means that you are losing more money also your chances of winning is almost reduce to half.
For instance, you place two bets at a time, in which you won one and lost another. You won$100 in the bet you won but lost $110, which lead to the loss of $10. This is just the beginning of the math you need to correlate to make money in sports betting.
Use moving lines to track the action of sharp.
Sharp is well educated and winning sports bettor. Sharps bet a huge amount of money that bookmarkers adjust with the point spread to stimulate the action on the other end. If you understand how a line moves, you can easily track how sharp the action and decision of betting are based on what Shoppers are doing.
Look for the reverse line movement; it is a fancy way of flaunting when the point spread moves away from the side, and more money is introduced on the betting. Certainly, it is not easy to do as they find the line is recommended to move from +7 to +6.
For instance, you have to look at how many people are betting on the side on which side of the match. After this, you have to decide which side of the book is trying to stimulate an action.
You have to combine this with the shopping line from one to another bookmarker; after this exercise, you will have a powerful tool for placing a bet for the positive return.
Several online websites estimate what percentage of action on one side or the other side of the sporting event. To understand this concept, you can consider a football game where 70% of the audience is betting on one side and the remaining 30% on the other side. If you bet with that 30% compared to 70%, you will be known as a contrarian because you are betting on the other side of the event.
Don’t think about buying picks:-
Here we are sharing few problems you might encounter with buying sports picks; please look.
- People who are selling picks are no better at picking winners in comparison to you.
- Companies selling sports betting picks are renowned as tout services, they sell picks on one side of the game, and the remaining half will be sold by other tout services, which means that only half of their customers will win while another half will lose. If anybody complains about it, they give them a free compensatory pick for the Monday night football game.