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Sports betting appeals to the smart bettor as it isn't a game with a hard and fast house edge where the casinos are raking off fixed percentage. Sports betting requires more skill than luck very similar to live poker. You won’t win whenever however the skilled handicapper has an enormous advantage over the recreational bettor. Before going into more detail you have to know the way sports betting works. We will be able to check out football where some extent spread is involved. (Basketball also uses some degree spread.)
The casino Sports books make their money on sports bets by collecting a commission on losing bets. That is called the Vigorish or Vig for brief. The commonest odds are 11 to ten. Because of this if you wish to win $100 you might be risking $110. For instance you put a gamble at the Giants on the casino sports book and pay $110. If the Giants win you collect $210 while you cash your winning ticket. For those who lose your bet you lose the $110.
Ideally the Sports book wish to have an identical quantity of cash wagered at the two teams playing. If the Giants are playing the Colts and so they have one player betting at the Giants and one player betting at the Colts they might pay the winner $100 but collect $110 for the loser. This provides them a $10 profit in order that they really don’t care who wins so long as they have got an equal amount bet on each team. To perform this they assign a line or spread to make the competition equally attractive for both sides.
The Point SpreadMany people believe that the purpose spread is the anticipated margin of victory through which one team will beat another team. This isn't true. The road is the handicapper’s prediction of how many may be required to separate the wagering evenly on both teams. Because of this the road may change from the hole line to the road at game time. The Sports books goal is to have the betting as evenly as possible.
If the general public is swayed by sentiment to bet on a undeniable team then the percentages makers wish to adjust the road to get some action at the other team. Otherwise the betting could be heavily lopsided. The overall betting public reacts from the opinions of others. This is the reason you spot such a lot of people “Jumping at the band wagon” of a winning team.
For the sports books the road is defective if it doesn't attract the same quantity of action on either side however from a wise handicapper’s point of view, the road is defective when it doesn't compute to his predicted outcome of the sport. A weaker team can actually become the favourite if public sentiment is with that team. When this occurs the underdog presents an enormous overlay for the seasoned handicapper meaning that the chances are in his favor. As an example: Team A have to be a three point underdog to Team B but the public loves Team A and are betting on them and the road moves to make Team A a one point favorite, then Team B becomes a very good bet. That is the contrarian principle and why many smart handicappers go against the overall betting public.
The HandicapperA winning handicapper formulates his own opinions concerning the game and ignores many of the public sentiment. A handicapper takes information for varied sources, assigns weights and values to it. They're going to make their very own power ranking and predict what the purpose spread must be without taking a look at the official line first, after which compare their predictions to the road to take a look at discrepancies. The massive amount of knowledge available via the web and other sources implies that the handicapper has additional info but it surely means there may be more to sift through to seek out the gems. Using computer programs may also help when exploring through the data.
Why don’t more people win at sports betting? Like several other endeavor it takes time, patience and practice to become successful. AN INDIVIDUAL of average intelligence can become a winning handicapper in the event that they have the need. In keeping with the percentages of -110 for a straight football or basketball bet a handicapper only should be right 52.38 percent of the time to damage even however many sports bettors cannot achieve that percentage of winning over the long term. The chart below shows the break even points for among the odds you're going to encounter whilst you make a big gamble at the money line. With higher odds you need to have the next winning percentage to damage although. you bet the underdogs you'll have a lower win percentage and still make money.
Winning Percentages
| Favorite | Winning % | Underdog | Winning % |
| -110 | 52.38 | +110 | 47.62 |
| -115 | 53.49 | +115 | 46.51 |
| -120 | 54.55 | +120 | 45.45 |
| -125 | 55.56 | +125 | 44.44 |
| -130 | 56.52 | +130 | 43.48 |
| -135 | 57.45 | +135 | 42.55 |
| -140 | 58.33 | +140 | 41.67 |
| -145 | 59.18 | +145 | 40.82 |
| -150 | 60.00 | +150 | 40.00 |
| -155 | 60.78 | +155 | 39.22 |
| -160 | 61.54 | +160 | 38.46 |
| -165 | 62.26 | +165 | 37.74 |
| -170 | 62.96 | +170 | 37.04 |
| -175 | 63.64 | +175 | 36.36 |
| -180 | 64.29 | +180 | 35.71 |
| -185 | 64.91 | +185 | 35.09 |
| -190 | 65.52 | +190 | 34.48 |
| -200 | 66.67 | +200 | 32.26 |
| -220 | 68.75 | +220 | 31.25 |
| -240 | 70.59 | +240 | 29.41 |
| -250 | 71.43 | +250 | 28.57 |
Read More... [Source: About.com Casino Gambling: What's Hot Now]
