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Can you make good money from sports betting?

Sports betting can be profitable, but the majority of bettors lose money, which is why sportsbooks exist. Sports betting is not always profitable because it is against your favor due to the vig.

rotowire.com - Can sports betting be profitable? - RotoWire
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Can sports betting be profitable?

Sports betting can be profitable, but the majority of bettors lose money, which is why sportsbooks exist. Sports betting is not always profitable because it is against your favor due to the vig. For sports betting to exist, companies have to make money off it, which is why PASPA was struck down in 2018. While Nevada has been raking in millions of dollars through sports betting, new legislation will allow every other state to benefit from sports gambling. If states are benefitting from sports betting, that means those wagering are losing money more often than not.

It can be profitable...

To be a successful sports bettor, one has to put time into studying and researching various aspects of a matchup. While turning a positive in sports betting is possible, it's not easy if you want to do it on a consistent basis. Before starting, a bettor should know the majority of terms used within the sports betting world. From there, research begins which could involve studying team trends, looking at odds or shopping around for the best lines. To be a successful bettor, one doesn't simply win a few bets from a guess and continue to win. There's a reason sports betting is a big business and states turn a profit of millions.

...but it's not easy

Of course, if you want to win on your own terms, it will take time. Looking at simple numbers like home/away and against-the-spread records is the first step, but there's always another level to dive into. In baseball, you can examine batter vs. pitcher matchups and the same goes for coaching matchups in football. In basketball, you can compare efficiency numbers or look at each team's pace. The number of stats to study is endless, but finding the most important ones is the key distinction to being a successful bettor. Once you have a preferred side, you can look around to see which sportsbook has the best odds for your bet. If you really like the Buffalo Bills and think they can beat the New England Patriots as an underdog, most sportsbooks will have different numbers. For example, your favorite site could have +200 odds as an underdog, but another one may have +220 odds. At that point, you have to decide if it's worth it to bet at the other sportsbook in order to get better odds. Another example is if the Bills are a +6.5 underdog at one site and +7 at another, both with -110 odds. It's clear the site with +7 and -110 is the better bet, but only if you're comfortable having money at numerous sportsbooks. Some will be swayed by sports betting touts and handicappers, but paying for a service likely means you have to win a bigger portion of your bets. Sports betting is already difficult in order to come out in the positive as you have to hit roughly 52.4% of bets. Throw in the extra few dollars spent on a tout service and that percentage can rise to 55 or even higher, assuming you want to win something. You could win at sports betting by using a service, but there's no guarantee the service will be profitable. If you want to put in the time, an individual can study as much as he or she wants and make bets based on those calculations. Every stat you research isn't going to help, but that's the fun in betting.

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Which wins more over or under?

If games went over or under much more often than the other, sports betting would be easy, wouldn't it? The betting market is pretty good at creating accurate totals to split both sides 50/50. But in most sports, games do go under slightly more often. It's not enough to beat the vig and be blindly profitable, though.

actionnetwork.com - Do Games Go Over or Under More Often in Sports Betting?

If games went over or under much more often than the other, sports betting would be easy, wouldn’t it?

The betting market is pretty good at creating accurate totals to split both sides 50/50. But in most sports, games do go under slightly more often. It’s not enough to beat the vig and be blindly profitable, though. Here are over/under betting records for six major American sports in their last five seasons. It includes both the regular season and playoffs, but not the preseason.

Over/Under Results Last 5 Seasons

Records listed as overs, unders, then pushes. Updated July 6, 2022.

Sport O/U Record Under Win % NFL 644-700-11 52.1% NBA 3506-3471-84 49.7% NHL 3565-3575-450 50.1% MLB 5639-5827-549 50.8% NCAAF 1910-2045-54 51.7% NCAAB 11187-11229-283 50.1% It’s human nature to root for points and offensive success instead of rooting for offensive ineptitude. So the betting market tends to price totals slightly too high. Your bet is also never technically dead when you bet an over — there’s always a chance the game goes to overtime, or there’s a flurry of late scoring to push it over. The NBA is the only sport over the last five years to have more overs than unders.

But what about historically? Sports change, and totals change along with them.

The average NBA total was 220.4 in 2021.

In 2010, the average total was 199.

Here’s the over/under record for each sport since 2005.

Totals Since 2005

Records listed as overs, unders, then pushes. Updated July 6, 2022.

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