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The point spread’s sole purpose is to even the betting in order 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. Therefore, in the event the amount bet on the underdog is equivalent to the 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 people who have a feel for what the betting public believes. The betting line they set reflects the betting public’s perception of the strength of the two teams. It does not necessarily reflect the true relative strengths of the two teams. And the sportsbook betting public’s perception is often wrong.
Once you realize that concept, anything else shall begin to fall into place. You may 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 do not bet on your favorite team in the event 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. When you are uncertain about a game, do not bet it.
Should you bet on the home team? Generally no. On the other hand, if you’re able to be objective, you’ve got an advantage. You probably know more about your home team than those in other parts of the country since the local media gives extensive coverage to the home team, coverage which is not shared with the rest of the country.
Look for Trends. If you spot a trend, factor 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 as well as the one time they didn’t, Young was hurt and they had to play Druckmiller, a rookie. Within the last 5 years, Green Bay has lost 4 out the 5 games played in Detroit.
Trends are not guarantees. The pattern might not hold and you lose your bet. Nonetheless, remember the reason is to improve your probability of winning. According to past performance, if you bet on the 49ers to cover against the Rams, you’re more prone to win your bet than to lose.
Place your bets late in the week. By waiting until the end of the week, you are going to know about any injuries to key players that may affect the way you bet. In many instances, 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 can keep the player out of the game. Furthermore, weather conditions might affect your bet. Inclement weather often keeps the scoring down.
Limit the Range of Games You Bet. More is just not better. The optimum number appears to be 3 to six games. Any more as well as the winning percentages usually decline because the law of averages comes into play. (The greater games you play the greater likely you are to have 50% winners and 50% losers. And that is a losing season, due to the juice.) Also, it’s easier 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. For anybody who is using Pro Predictor or 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 have the handicapper go 5 for 5 the next week. Those are 5 wins you are going to not have and can affect your overall winning percentage.
Never Bet Against a Streak. This really 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, for anybody who is going to bet on streaks, bet the streak will continue. And it will not matter whether the streak is a winning streak or perhaps a losing streak. Ironically, logic will tell you that the odds of a streak continuing double with each additional week and you should bet against it. But there is a hidden trap.
Think about 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? Simply, every 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 whenever 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 because the odds against the streak continuing are even greater? If you do, and also the streak ends, you win $100 and now will be just $10 loser and that is the end of that. But, should the streak continues, you’re now $220 within the hole. What do you do now? Do you bite the bullet and take your losses or do you fall in to the trap of chasing your loses? Do you continue and try and get back several of your losses? Do you double up in an attempt to cover your loses? Do not do it. Doubling up is never a good idea. It is another trap that can 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 whenever they do cover and also the streak continues. You are $100 to the excellent and if you continue to bet on the streak, the most you can 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, should the streak continues, you’re guaranteed to come out at least $90 ahead and with each addition week the streak continues, you add another $100 to your winnings.
Because of visit this page, if you bet against a streak, the most you can win is $100 but you the amount you may lose is limited only through the length of the streak. If you bet with the streak, the most you may lose is $110, though the amount you can win is limited only by the length of the streak.
