One of the most important elements to making a significant profit betting on sports is finding value. Pretend you are shopping for a car that you have had your eye on for quite some time. Dealership A has it for $20K, Dealership B has it for $23K and Dealership C has it for $18K. Assuming that all other aspects are equal, would it make any sense to buy the car from Dealership A or Dealership B? Here is a look at how to earn maximum value when betting on sports.
It’s important to remember that while the majority of sportsbooks usually have similar prices they are almost never exactly identical. When you consider that even the smallest margins can impact value it only makes sense to shop around. There are two different kinds of values and they have to do with the lines and the actual listed odds. For example, pretend that the New England Patriots are hosting the New York Jets on Sunday Night Football. Naturally, you want to bet on the Patriots to win and cover since you think it will be a lopsided affair. If Sportsbook A has the Patriots at -6.5 and Sportsbook B has the Patriots at -7.5 then you definitely want to bet with Sportsbook A since you are getting the better number. This is particularly true when it comes to key numbers like 3 and 7. Meanwhile, if Sportsbook A were to have the Patriots at -6.5 -130 and Sportsbook B has them at -6.5 -120 then it would make sense to bet with Sportsbook B since the lines are the same but the odds are better. You would have to risk $130 to win $100 with Sportsbook A but you would only have to risk $120 to win $100 with Sportsbook B. Those might seem like insignificant amounts at first glance but those small numbers add up and they can make a very significant different over time.
One of the most underrated approaches to making profits by betting on sports is specializing in one area where you can spend the majority of your time researching and understanding the strengths and weaknesses of every team. It’s almost impossible to beat the sportsbooks with every different sport but if you narrow your focus to one sport you can really increase your chances of winning since you will specialize in that one area.
The final element of getting maximum value is shopping around and finding the sportsbooks that offer the best bonuses. Most sites will provide welcome bonuses by matching initial deposits and some will offer free play bonuses. Considering this is a billion-dollar industry and every sportsbook is competing for your money, you want to make sure you take advantage by finding the best possible bonuses out there. Comparing prices and specializing in certain sports is important but you will not be getting your maximum value until you shop around and find the best sportsbook bonuses out there.