Photo: Inline Media

What is the most profitable way to sports bet?

5 Tips To Be a More Profitable Sports Bettor Utilize Multiple Sportsbooks to Find the Best Numbers. ... Focus on Beating Smaller Markets. ... Establish a Bankroll and Stick to It. ... Stay Disciplined. ... Track Your Bets & Closing Line Value.

4for4.com - 5 Tips To Be a More Profitable Sports Bettor | 4for4

Can I gamble for a living?

The short answer is yes, but becoming a professional gambler is neither easy nor without its financial perils. Gambling for a living invites a...

Last updated Aug 18, 2018

How does the IRS track everyone?

The IRS uses an Information Returns Processing (IRP) System to match information sent by employers and other third parties to the IRS with what is...

Last updated Jul 7, 2021

Make Your Bookie Cry And Pull The Hair By Generating $23,187

Promotion

I want to give bettors the advice I wish I was told when I started betting on sports. I don’t consider any of these strategies extremely complicated and many are easy ways to increase your profitability in the long-run.

Utilize Multiple Sportsbooks to Find the Best Numbers

Just like people shop at different stores to look for the best prices, bettors should utilize a variety of sportsbooks to find the best price. For bets on the spread and total, numbers will likely vary by a half-point to a full point from book-to-book. That seems small but matters a lot when hovering around key numbers (see tip number two) and your long-term expectation as a winning bettor. The amount of times you will either win or lose a bet by 0.5 a point is truly astounding. The juice may also vary from book to book. Some books may float a -110 Moneyline on a spread while another has -115. The margin is small but over the long run that difference adds up. For bets on props and team totals, there can be a bigger variation that can be leveraged in a variety of ways. There’s a possibility of middling or just utilizing the best number on either side. Having access to multiple books is crucial for the success of a sports bettor.

Focus on Beating Smaller Markets

This could be the most important point that I make in this article. Beating closing-line NFL spreads and totals in the long-run for meaningful profits is nearly impossible. It's one of the most efficient markets in all of sports. If part of your “strategy” is betting spreads or totals on a Sunday, you are already putting yourself at a massive disadvantage and will likely be a losing bettor. So what should you bet on?

As many of you know, I love betting player props because it’s an exploitable market. The transition from fantasy football to the player prop market also wasn’t a difficult one and the lines are so much less-efficient than spreads or totals. It’s one of the rare markets where I thought there was reasonably-easy access to better projections than the market itself. What I’m saying is, smart people in the fantasy community legitimately make as good or better projections than sportsbooks. What’s interesting is bookmakers actually understand that there are people who put more time into creating good projections on a weekly basis. It’s why they decide to put lower limits on player prop bets and not worry about it too much. No matter what they do it will make up just a small portion of their overall handle (total bets they take). Some say that lower limits are a reason not to get into smaller markets. Circling back to tip No. 1 in this section, having access to multiple books is crucial. For example, say the average sportsbook limits you to $200 per bet on a single player prop. That might not be worth your time to do a lot of research for only $200 in potential winnings. But if you have access to the ever-growing number of sportsbooks and mobile platforms, you can easily get down $200 at 10-or-more books. Also, to be entirely honest, unless you are absolutely burying the book you won’t get limited for a while. Player props are usually released late Friday or Saturday morning and are ripe for the picking at their opening numbers and often-times are still worth betting as closing numbers.

How to get free money online?

Summary: How to make money for free in 2022 Become a virtual assistant. Do research online. Transcribe audio and video files. Set up a Patreon....

Last updated May 28, 2020

Are higher odds better or worse?

Odds is the payout of a winning bet Odds show how much money you will win, if you bet on an event to happen. The higher the odds are, the more you...

Last updated Aug 16, 2020

Promotion

I just gave the player prop market as an example, but fellow 4for4 writer Ryan Noonan goes a good job breaking down team totals each week. It’s not nearly as small of a market but there are always a couple of team totals providing consistent value. One of the syndicate groups I know absolutely hammers small-school NCAA first-half totals. I can’t say I understand how they win or their process, but they win at a rate that would be impossible in bigger sports and consistently beat the market over time.

Establish a Bankroll and Stick to It

If you are looking to take sports-betting seriously, treat it as an investment. Set aside a bankroll and establish a “unit size.” This is to keep all of your plays consistent. I’d recommend utilizing anywhere from 1-2% of your bankroll on a per play basis. Betting this amount consistently allows for variance to play out without going broke. If you are betting 10% of your bankroll, even strong bettors hitting 55%+ of their plays would go bankrupt with a bad run.

Stay Disciplined

It sounds ridiculous to write but just because there is a game on TV doesn’t mean you have to bet on it. Sportsbooks see massive differences in dollars wagered during island games vs noon games where there are multiple contests going on at once. Recreational bettors bet on everything and oftentimes just want to get a good sweat going. Professional bettors and those looking to maximize their long-term profit only bet when there is value.

Track Your Bets & Closing Line Value

Who is the highest paid rugby player in the world?

1 = Charles Piutau (New Zealand/Bristol Bears) – £1m (NZ$1.92m) Oct 24, 2021

Last updated May 6, 2020

What is a lucky 63 bet?

A Lucky 63 consists of 63 bets of equal value on selections in six separate events: six singles, 15 doubles, 20 trebles, 15 four-folds, six five-...

Last updated Jun 30, 2018

Promotion

Start your own excel sheet or utilize one of the apps out there to track your bets. This not only helps to keep yourself honest but can also help for self-evaluations. After an extended period of betting you can go back and see which types of bets you were most profitable on (player props vs spreads vs totals etc). By tracking “closing line value” you are looking at what you bet a number at, and what it closed at. For example, if you bet the Chiefs at -9 when it opened against the Texans and it closes at -10.5, you got 1.5 points of “closing line value.” While it by no means guarantees a win, it helps you understand when you are beating a market and by how much. One of the best ways to track your bets and closing line value is via Betsperts. All you have to do is enter your bets and then they will track your units, win rate, return on investment and closing line value. Thanks for reading and if you have any questions about where to start betting on sports or anything I wrote in this piece feel free to message me on twitter @ConnorAllenNFL

4for4.com - 5 Tips To Be a More Profitable Sports Bettor | 4for4

What does +9 mean in betting?

+9. The negative value -9 indicates the Giants are favored by 9 points. The positive value (+9) indicates the Jets are underdogs of 9 points. To...

Last updated Sep 13, 2021

What is the hardest trick in football?

One of the hardest skills in football to pull off, the Elastico was a favourite of Ronaldinho. It involves rolling your foot over the ball in such...

Last updated Aug 15, 2019

Promotion

How do I win soccer bets everyday?

Tips to Win on soccer betting Follow a Tipster. Following a good tipster can increase your chances of winning. ... Try Matched Betting. ......

Last updated Jan 9, 2021

Promotion

How do gambling sites track you?

IP Addresses are tracked at both an account level as well as a bet level. Even though you try and create a new account under your mums name, if...

Last updated Aug 31, 2022