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Online Sports Betting
Sports book betting is a game of skill. The challenge is to gather and analyze as much information as you can about a game, weigh the probabilities of each team winning, and subsequently compare your opinion to the oddsmaker's opinion. Make the right judgment and you win. It's as simple as that. While luck may be a deciding factor in the outcome of any single game, and will inevitably go against you on occasion, it will balance out in the long run. Being a consistent winner in sports betting is not about luck but whether you are prepared to invest the time and effort to become knowledgeable about the sports you bet on, whether you can weigh all the factors in a cool, objective fashion, and whether you adopt a consistent, disciplined, long-term approach to your betting. Do all these and you will come out a winner. Linesmakers, as you probably know, set the point spread - the number by which one team is favored to win over another - for each game. And linesmakers are divided into two categories: oddsmakers and bookmakers. Oddsmakers don't take bets on the lines they publish. Instead, they make money selling their lines to sportsbooks, wire services and other media outlets. The bookmaker is the person who takes your bet. Bookmakers shift lines during the week because they hope to balance the action. Their thinking is that somewhere out there is a person analyzing the same game as you but coming up with an opposing view about the potential outcome. Lines also shift because of player movement, injuries, the weather and other factors. It's important to note that the point spread is not a predicted margin of victory. Rather, it's the number that the linesmaker hopes will generate an even split in the wagered money. Another important point to remember is that if the point spread on a game is three and the margin of victory is three points, the game is a "push", meaning no action has taken place and your wagered money is returned to you. Now that you know how lines are generated and why they move, let's show you what you need to do to beat them. The key advantage you have over a bookmaker is you do not have to wager on every game, you can pick and choose your opportunities. The bookmaker puts up a number on hundreds of events each week. In a typical NFL week, 14 to 16 games are played and multiple betting opportunities are available on each game.
You may not have a good feel for all the games, but you most
likely see several where you are confident that one team will
cover. This is what handicappers refer to as an "overlay" or
"getting value". If you find enough of these situations, you can
make a profit betting on sports. Sports wagering is a challenge
and requires some wits.
Internet books allow you to shop for lines instantly. In
comparison, traveling from the Mirage to Bally's to the Bellagio
to Mandalay Bay to check lines would take at least an hour. When
you consider an extra half-point gives you roughly a 2% better
chance of covering a football or basketball spread, you can
imagine the compound effect of getting an extra half-point or
full point on every bet over the course of a full season. There are a lot of advantages to sports betting online, but Vegas books will always have a place in the market, as well. It's just too much fun sitting in a huge room looking at hundreds of lines and dozens of screens while being served ice cold free beers and eating 99-cent hot dogs. All in all, though, Vegas books have some shortcomings that are real, not virtual.
Remember, it's you against the oddsmaker, not the bookmaker. The
bookmaker is simply a middle-man who operates on a small profit
margin and ideally likes to see half the money wagered on one
team and half on the other, assuring him of a profit. If too
much of the money goes on one team, the bookmaker will move the
line or pointspread to encourage bets on the other team in an
effort to balance his book.
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