How do sharp bettors bet?

Often sharps place bigger bets. When a sharp makes a bet, the sportsbook will likely take note and adjust a response line. Sharps get a lot of attention in sports betting coverage because if a sharp bettor makes a bet, they think it's a good bet, and they are usually right.

theathletic.com - Who is considered a sharp in sports betting? - The Athletic

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A friend has been betting on sports, and she claims she figured something out. She has been on a run lately, and it seems possible she found a real edge. It’s natural to want to follow her bets to get in on the action. It takes skill to find an edge and profit off it, but it doesn’t take any skill to follow a good bettor’s bets. She’s making money and sharing what she’s betting on, so get in on the fun.

This is the basic appeal to sharps in sports betting.

A sharp is someone who knows what they are doing in sports betting. Sharps are informed, experienced, successful sports bettors. They might be professional bettors, but that doesn’t have to be the case. Often sharps place bigger bets. When a sharp makes a bet, the sportsbook will likely take note and adjust a response line. Sharps get a lot of attention in sports betting coverage because if a sharp bettor makes a bet, they think it’s a good bet, and they are usually right. Having good reasons to place a bet doesn’t mean the bet will win, but it means that, in the hypothetical long run, that bet would make money. If a bettor truly is a sharp bettor, knowing what they bet on is valuable information. That’s why there is plenty of coverage of sharps in sports betting as if they are spreading the divine gospel. A phrase like “sharp money is on the Raiders” may come up in a betting preview of a game. It means sharp bettors have been betting on the Raiders. The problem is, if that is true and known, any bet the sharp money placed on the Raiders may have changed the lines by the time any coverage of what sharps are betting gets out.

What to do with information on sharp betting?

Now you know what a sharp bettor is. Great. How can you use that? Well, if you really find a sharp bettor sharing their picks, by all means, match their picks and reap the rewards. This isn’t easy to pull off and probably not a great long-term strategy. Actually, finding out what sharps are betting on is near impossible. There are methods, but nothing is guaranteed.

Sportsbooks don’t broadcast “Hey, the sharps are betting on the Dolphins!” There is some information from sportsbooks given out for big events. Sometimes you’ll see stats on how much money is going to each side of a bet, known as handle percentage, or how many total bets are going to each side of a bet, known as ticket percentage. Those numbers can show where the big money bets are going. If the handle percentage is 55% on the Dolphins while they only have 49% of the tickets, some big bets skewing the handle percentage. However, that doesn’t mean sharp bettors are betting on the Dolphins. It just means the average bet size is bigger on the Dolphins and extrapolating more than that is a guessing game. Also, who’s to say the books are giving out accurate information on bet and handle percentages?

Sharp betting is a great white whale of sorts for regular sports bettors. It’s useful information if you can find it, but finding it and acting on it in a timely manner is more elusive.

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Is 25% a lot for a tip?

In most cases, there are predetermined options ranging from 15% to 25% for each transaction, even if it's just a carry out coffee or self-service snack, while tipping 20% at a sit-down restaurant is still the standard.

cnbc.com - Is 25% the new 20%? How much to tip in a post-pandemic world - CNBC

Tips have improved during the Covid pandemic at Sugapeach Chicken & Fish Fry in North Liberty Iowa. At Sugapeach Chicken & Fish Fry, a fast casual eatery in North Liberty, Iowa, customers are feeling a lot more generous since the pandemic put the squeeze on the restaurant industry. Before, people would tip 10% to 15% for meals ordered and collected from the counter, said Chad Simmons, Sugapeach's co-owner. "Now, we get between 20% and 25%." Still, finding enough staff to keep the restaurant running remains a challenge, he said. As the economy recovers, workers are hesitant to return to service jobs that offer few benefits and low pay, which has led to a severe shortage of fast-food workers, kitchen staff and delivery drivers even as consumers value these services more than ever.

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Pay hikes of 5% or more may be in store for employees in 2022 "The tips are the icing on the cake, but they really want more cake," Simmons said. Before Covid, tipping a few dollars, if at all, was standard for bartenders, baristas or "back-of-house" employees. But with the pandemic came the broad-based adoption of contactless and digital payment methods like Block, formerly known as Square, which prompts you to leave a tip when you pay. In most cases, there are predetermined options ranging from 15% to 25% for each transaction, even if it's just a carry out coffee or self-service snack, while tipping 20% at a sit-down restaurant is still the standard.