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If you didn't like the game before you lost your money, why would you like it after your losses? Chasing bets is a losing proposition almost every time. If you are on a winning streak, increase the amount of your bets. Wins and losses often come in streaks, and it can be profitable to ride out a hot streak. Sports betting tip 2 - Shopping for Numbers The second most important aspect of betting on sports is shopping for the best number.
There will be more discrepancy in the numbers on different sports at different sports books. The NFL, for example, will have very similar numbers at most of the betting shops you visit. On college sports and daily events like the NBA, you will be able to find different lines at different sports books. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.
When you are betting your hard earned money, getting the best line is a top priority. And since the lines the bookmakers release are increasingly strong, the difference between a point or two is usually the difference between a win or a loss. Sports betting tip 3 - Never Gamble While under the Influence There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling.
Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn't otherwise make. To be a successful sports bettor you need to operate with a clear mind. If you have had too much to drink, it is in your best interest to stay away from the betting window.
Be sure to get set up with our weekly NBA picks for guaranteed winners each and every day. Sports betting tip 4 - Do your Homework As a bettor, you have the advantage of streamlining your research, which is something the sports books are not at liberty to do. The best way to win money betting sports is to develop a niche and follow it closely.
If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can. There is a wealth of information on the Internet; it is just up to you to find it and research it daily. Sports betting tip 5 - Check the Odds Some sports books have better odds on parlays and teasers. When you are betting big bucks the difference in odds translate into a huge difference in your payout.
All it takes is a little research of the sports books you usually bet at. Most books have their payout odds listed in way that is easy for the bettor to find them. It should be noted that we advise against playing parlays and teasers for the most part. Especially anything over a 2-teamer.
Sports betting tip 6 - Play Home Dogs There is probably no better bet in sports than playing an underdog at home. Teams play inspired ball at home. Slim underdogs regularly win outright. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd. Sports betting tip 7 - Bet at the Right Time The sharp bettors tend to bet underdogs, and they tend to bet them early.
Squares usually bet later in the day or week, for football and they tend to pick the favorites. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites. If you are going to go with a favorite, it is best to place your bet early in the week when the Pros are laying heavy money on the points. Not all games work according to this formula, but it is usually a good rule of thumb. There are many other important factors when it comes to beating the books.
Many people don't have the time to study things like: statistics, line moves, game analysis, team trends, situational trends, Historical angles, valuable lines, inflated numbers on public teams, etc. If this is your situation, there is help available to you.
There are many fine sports handicapping services available. Like a good stockbroker handicapping services can advise you where to invest your money in order to limit your losses and increase your winning percentage. As with any industry there are the good and the bad. We must confess that our industry has gotten somewhat of a black eye. The handicapping business has been flooded with rip-offs, "boiler room" sales offices and those recorded free pick phones that get your phone number so that one of their high pressure salesman can call back and hound you on a daily basis.
These services are often skilled in marketing but know little when in comes to handicapping. This is not in your best interest. When the oddsmakers release a betting line on a game, the first thing they do is decide which team should be the favorite and which should be the underdog. The favorite is the team that is expected to win the game and will get a minus sign next to its odds, while the underdog is expected to lose and gets a plus sign.
There are two main ways to bet on a favorite or an underdog. The first is the point spread , which is a bet on the margin of victory. If you bet on the Patriots, they need to win the game by 8 points or more for you to win your bet. Spreads are available for all sports, but they are predominantly used when betting on higher-scoring sports like football and basketball. The second way to bet on a favorite or an underdog is on the moneyline.
This is based solely on which team will win the game. Because underdogs are expected to lose, there is more of a reward when betting on them. Moneylines are available for all sports, but they are predominantly used when betting on lower-scoring sports like baseball, hockey and soccer. In addition to setting a line for the favorite and the underdog, oddsmakers will also set a total number of points scored in a game by both teams combined.
You could either bet the Over or the Under If you bet the Over and the total points scored end up being or higher, you win your bet. If the total points scored are or fewer, you lose. The juice is the commission you have to pay to the sportsbook for them to accept your wager. With legalized sports betting spreading across America, sports bettors have never had more options to take advantage of.
To see if sports betting is legal where you live, check out our state-by-state tracker. Some of the biggest states that have legalized mobile wagering include Colorado , New Jersey , Pennsylvania , Indiana and West Virginia.
The sportsbooks highlighted below are all trustworthy legal shops that take bets online. Click to return to table of contents. In the end, you have the final say on how much to risk on a game, but a good rule is risk only what you can afford to lose. Sports betting is a marathon, not a sprint.
There will be good days and bad days. As a result, we recommend a flat-betting approach. They are unique to the team, sport and league, and universal across most sportsbooks.
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We're going to take a look at the strangest Super Bowl prop bets. Coin Toss If you'd believe it, the Super Bowl coin toss is the Wednesday night offers a large slate of games in the NBA. That means that there are plenty of options for your parlay, especially now after seeing most of these teams in action for 20 games or more.
Here are three teams to bet on for Wednesday. This may be the best field we have ever seen for this The betting market for UFC Fight Night odds show a stacked card with an impressive main event showdown.
Looking at the main event, the fifth- and sixth-ranked heavyweight contenders will square off See More. Compare odds now. Compare player and team futures for all major sports across the most popular sports books. Compare futures now. Find the best odds for your favorite player, team and game props.
What this means is that you are betting the moneyline, which is just betting a team to straight up win. However, the more likely a team is to win, the more expensive the bet is. Betting favorites on the moneyline can be expensive!
This is essentially how the casinos make their money. A parlay is a bet where you group together a bunch of bets, but must win all of them in order to cash the ticket. These bets can be fun, and depending how many bets you put in, can offer a huge payoff with very little cash to risk.
Below is a table that shows general odds on parlays if you are betting regular spreads. Remember though, while four teams may hit for you in your five team parlay, that one loss makes the entire bet a loser. So choose carefully! The odds on bets are not necessarily the same from sportsbook to sportsbook.
The Chiefs in the example above may be a 9. But if you bet them at the other book at -9, then you would have pushed, and gotten your money back.