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The point spread’s sole purpose is to even the betting so that the amount bet on the underdog is equal to the amount bet on the favorite. The book makes its money on the vigorish or juice. As a result, in the event the amount bet on the underdog is equivalent to the total amount bet on the underdog, the book is guaranteed a 10% profit on half the bets made, regardless of what team covers.
The most effective linesmakers are those who’ve a feel for what the betting public believes. The betting line they set reflects the betting public’s perception of the strength of the 2 teams. It does not necessarily reflect the true relative strengths of the 2 teams. And also the sportsbook betting public’s perception is often wrong.
As soon as you realize that concept, the rest shall begin to fall into place. You shall have an advantage over most bettors.
Be objective. Listen to you head not your heart. Don’t bet against the Cowboys just because you want to see them lose. And, don’t bet on a team simply because you like the team. And don’t bet on your favorite team if you are an avid fan. It’s difficult to be objective. Fans tend to be overly optimistic about their favorite team or overly pessimistic if things are not going well.
Be consistent. Bet the same amount on each game. Some players bet $200 on games they think are locks and $100 on ones they’re not so sure of. It’s those not so sure of bets that rack up the losses. If you’re uncertain about a game, do not bet it.
Should you bet on the home team? Generally no. On the other hand, if you can be objective, you’ve got an advantage. You probably know more about your house team than those in other parts of the country because the local media gives extensive coverage to the home team, coverage that’s not shared with the rest of the country.
Look for Trends. If you spot a trend, component that into your decision. Some teams have other teams’ number. In the last four years the 49ers have covered against the Rams 7 of 8 times and also the one time they did not, Young was hurt and they had to play Druckmiller, a rookie. In the last 5 years, Green Bay has lost 4 out the 5 games played in Detroit.
Trends are not guarantees. The trend might not hold and you lose your bet. Nevertheless, remember the aim is to improve your probability of winning. Based upon past performance, if you bet on the 49ers to cover against the Rams, you are more likely to win your bet than to lose.
Place your bets late within the week. By waiting before the end of the week, you will know about any injuries to key players that could affect the way you bet. Ordinarily, players are injured or aggravate an injury in practice. Or what seemed like a minor injury on Tuesday may turn out to be one that may keep the player out of the game. Moreover, weather conditions might affect your bet. Inclement weather often keeps the scoring down.
Limit the Range of Games You Bet. More isn’t better. The optimum number appears to be 3 to six games. Anymore and also the winning percentages usually decline because the law of averages is necessary. (The better games you play the more likely you are to have 50% winners and 50% losers. And that’s a losing season, as a result of the juice.) Also, it’s simpler to focus on a limited range of games.
Losing Streaks Happen. Regardless of what, you may count on a losing streak. It happens to handicappers, professional gamblers, casual bettors, and even books. Be prepared to ride it out. If you’re using Pro Predictor or possibly a handicapping service, you need to stick with it through the season to be able to come out a winner. Leaving at the very first sign of a losing streak will guarantee you lose for the season. Suppose you drop out only to possess the handicapper go 5 for 5 the next week. Those are 5 wins you’ll not have and can affect your overall winning percentage.
Never Bet Against a Streak. This is an integral to increasing your winning and decreasing your losses. Consider this a betting mantra. Say it over and over until it really is firmly embedded within your mind. Never bet against a streak. And, when you are going to bet on streaks, bet the streak will continue. And it doesn’t matter whether the streak is a winning streak or possibly a losing streak. Ironically, logic will tell you that the odds of a streak continuing double with each additional week and also you should bet against it. But there’s a hidden trap.
Look at the following scenario: In week 10, you notice that Green Bay has covered for 4 weeks in a row. Should you bet that the streak will end? As usual, a week the odds against the streak continuing double.
Betting Against the Streak: You bet $100 against Green Bay covering in week 11. Sure enough, they fail to cover. You are $100 ahead. But what happens should they do cover as well as the streak continues. You’re $110 within the hole. What do you need to do? Do you bet another $100 against the streak in week 12 since the odds against the streak continuing are even greater? In the event that you do, and the streak ends, you win $100 and now are just $10 loser and that’s the end of that. But, should the streak continues, you’re now $220 within the hole. What do you need to do now? Do you bite the bullet and take your losses or do you fall into the trap of chasing your loses? Do you continue and try and get back some of your losses? Do you double up within an attempt to cover your loses? Don’t do it. Doubling up is never a great idea. It really is another trap that may cause you to have huge losses and it isn’t worth the gamble.
Betting with the Streak: You bet $100 that Green Bay will cover again in week 11. If they fail to cover, you’ve lost $110 and that’s that, much like a regular straight bet. But what happens if they do cover and the streak continues. You’re $100 to the excellent online soccer gambling agency (check out here) and if you continue to bet on the streak, the most you may lose is $10. If you bet another $100 with the streak in week 12 as well as the streak ends, your net losses are $10. Still, in the event the streak continues, you are guaranteed to come out at least $90 ahead and with each addition week the streak continues, you add another $100 to your winnings.
For this reason, if you bet against a streak, the most you may win is $100 but you the total amount you can lose is limited only through the length of the streak. If you bet with the streak, the most you may lose is $110, although the amount you may win is limited only through the length of the streak.
