Do you ever wonder how the professional handicappers are able to consistently make a substantial profit by betting on sports? The key is in their approach and the attention to detail they pay to every wager they make. The key to successful sports betting is finding value on every single bet and you can certainly improve your odds of making a substantial profit by betting like the pros. Here is a look at some important tips to remember in order to bet like a wise guy.
Finding value comes down to understanding what the “true” odds should be for a game and figuring out where the biggest disparities are in comparison to the sportsbook odds. For example, if the New England Patriots are hosting the Jacksonville Jaguars and you feel they should win by double digits but they are only listed at -6.5, then that would make them an excellent value play. Finding value ultimately comes down to knowing where the lines should be and shopping around for the most favorable lines based on how you think the game will play out.
Value betting comes down to making sure the reward is worth the risk that you are taking and that can often mean betting the underdog. For example, if you think that the Patriots should win their game against Jacksonville straight up, the value might not be there since they are substantial favorites. However, if you find a team that you think should be a slight favorite and they are listed as an underdog then that could be a situation where the value is there betting on the underdog to win straight up. The value isn’t as high betting on favorites as it is with betting on underdogs so it’s important to keep that in mind. The general public tends to be more willing to give up points to take favorites while the sharps are always looking for value when it comes to receiving points when betting on underdogs.
Understanding Key Numbers
In addition to fading the public, it makes a lot of sense to pay attention to the key numbers. This is especially true in terms of football where the key numbers of 3 and 7 come in to play. A significant majority of football games end with margins of 3 and 7 so it’s important to remember that when betting on NFL games. For example, if you wanted to bet on New England in the aforementioned scenario then taking them at -6.5 is a far greater value than betting them at 7.5, since they are two different sides on the key number at 7.
There is no such thing as a guarantee when it comes to consistently making a profit by betting on sports but by following the professionals and betting like a wise guy you can significantly improve your overall chances. Betting like a wise guy isn’t difficult, just remember to pay attention to the details and put in the necessary work to find the best possible value with every single sports bet that you make going forward.