Sports betting is the act of placing a bet on a sporting event or team. It can be a fun and exciting way to make money, but it’s important to understand how to do it right so that you can maximize your winnings.
Finding Value in Odds
Value betting is a crucial component of any sports betting strategy and it can be the key to making money in the long term. This involves getting odds on a team that are better than the bookie’s true probability of winning.
A positive expected value (EV) bet is one of the most common types of value bets. It’s a fundamentally sound approach, but casual bettors rarely use it enough.
Fading the Public
In sports betting, a fading the public strategy is a way to take advantage of the outsized attention given to popular teams and leagues. This is often done by betting against the favorite in games they are expected to win.
Point Spreads
In football, a point spread is the number of points that the favored team must score in order to win the game. These are usually set at 11 to 10 odds, with a half-point added to each side’s total to avoid a push.
Betting on Futures
In sports betting, futures are wagers that focus on events that happen in the future, such as who will win a division or a championship. They’re generally more difficult to place than money lines, point spreads, and totals but can be a great way to increase your winnings.