I often wonder why the vast majority of those people who bet on sports lose. Then I realize it is because they just don't understand how it works and why sports betting actually allows for winners. That is true for both beginners and long time bettors. If you want to win, you must first know why it is possible to win betting on sports. Once you know why you can win doing it is easy.
The reason you can win betting on sports is that the books don't control the probabilities of the outcome in sporting events. Think about that for a minute. If you ask a casino how much they will make off of Blackjack for each million dollars wagered, they can tell you to the dollar. The probabilities are set by the rules, and they never change. But with sports, they have no such control.
Instead, they charge you a vig, which puts them at a 2.4% monetary advantage. Then they use point spreads and the like to gain as much control over the outcome as possible. And they have to cover every game. On some game the spread evens the odds out, but on others there is an advantage for those who can find it.
Winning money betting on sports is easy. Only bet on games where you have the best probabilities of winning. Using point spreads it is possible to exceed a 60% win rate just off past performance of the spread number. If you only bet on situations that have in excess of a 53% probability in your favor, you will win money from the books the same way the casinos win their money.
The reason you can win betting on sports is that the books don't control the probabilities of the outcome in sporting events. Think about that for a minute. If you ask a casino how much they will make off of Blackjack for each million dollars wagered, they can tell you to the dollar. The probabilities are set by the rules, and they never change. But with sports, they have no such control.
Instead, they charge you a vig, which puts them at a 2.4% monetary advantage. Then they use point spreads and the like to gain as much control over the outcome as possible. And they have to cover every game. On some game the spread evens the odds out, but on others there is an advantage for those who can find it.
Winning money betting on sports is easy. Only bet on games where you have the best probabilities of winning. Using point spreads it is possible to exceed a 60% win rate just off past performance of the spread number. If you only bet on situations that have in excess of a 53% probability in your favor, you will win money from the books the same way the casinos win their money.
