If you are a casual Bettor that puts $10 down on the Kentucky Derby or Super Bowl, then this isn’t for you. But if you are a serious sports Bettor then you need to understand the following in order to make money.
I guess this is aimed at the newcomer, the person that hasn’t bet much in the past but would like to start to make some extra money. You are going to be given a lot of valuable information in this article to help you achieve your goals, so take heed at what you are being told.
To succeed at sports betting, you will require discipline and the desire to study and learn; if you don’t have that, close this and go and read a comic book.
If you are regularly betting on sports the chances are, that you’ve also tried Blackjack, Poker and Roulette.
It is far easier to win at say Blackjack, than it is to win at Roulette – why? Because of the House edge – the slice of money the house takes on every bet placed; no matter what the outcome of a range of bets, the ‘edge’ guarantees that the Casino will make money and it is far larger on Roulette than it is on Blackjack.
In sports betting it is known as the ‘Vigorish’, ‘Vig’ or ‘Juice’ and the relevance of this is to be found on the Bookmakers Board. The optimal situation for bookmakers is to set odds that will attract an equal amount of money on both sides, thus limiting their exposure to any one particular result.
First thing therefore that you need to know, is how to read the odds. When you look at the Bookmakers Board you will find that it is crammed with information. The experienced Bettor will be able to take in all of the information at a glance and from that, an opportunity will stand out like a sore thumb.
Part of that opportunity will be based on the Vig. From the Board the Bettor will spot when the Bookmaker has reduced the odds or in other words, reduced the amount of juice that he will take out of the bet, so that it becomes a far more attractive bet.
If you can’t read the Board, you won’t see the opportunity, so the another obvious rule, is learn how to read the board!
Now you must consider what type of bet to place. Now there are an absolute multitude of types of bet that can be placed and you need to know and understand each.
As in Blackjack where you can take out insurance if the Dealer turns over an Ace, in sports betting, a combination of bets will give you something very similar, but if you don’t understand the type of bets available and how to use them as a combination, you’re wasting your time and should stick to the Derby and Super Bowl.
The strategies that you employ will come with time and experience, but you need to learn all of the above before you can become confident that each bet that you place will, under normal conditions, give you a high percentage of winnings – if you don’t bother to study, your money will just disappear down the plug hole!
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