Sports Betting Offers A Winning Opportunity

1
Sports Betting Offers A Winning Opportunity

• The world is full of gamblers. Most of them
  frequent the various casinos, where they offer a
  variety of games to play. All of the games have
  one thing in common. The odds are rigged in favor
  of the house.The house knows, as a mathematical
  certainty, that it will win a certain and
  predictable percentage of all money wagered.
  While the percentage may vary from game to game,
  the percentage for each game is always known
  beforehand.

2
The reason for this is that the house controls
the odds. If they wish to shift the odds of
blackjack, they can add or remove a deck of cards
or change a rule and know the exact outcome of
the change before the first hand is ever played.
If they want to, they can adjust every game in
the house to increase or decrease their profits
if they so choose. The player has absolutely no
control over the long term outcome, and the
casino has 100 percent control. When it comes
to sports betting, that is no longer true. There
is no mathematical formula they can apply to know
beforehand what their profits will be. Instead,
they try to achieve a balance of the betting to
where whichever side wins, those betting on loser
have wagered enough to pay the winners.
3
They do this one of two ways. For point spreads,
they charge all bettors a premium just for taking
the bet. A point spread win on a 100 bet returns
only 91 to the "winner". If the book achieves
balanced betting, and it usually does, it will
pocket 10 of all bets placed, while the losers
pay off the winners. For money line bets, they
adjust the lines to where if balanced betting is
achieved, the loser will pay the winners and they
pocket the difference. That's why the lines never
match. For example, if a dog pays 150, the break
even point on that bet is a 40 win rate. If the
lines balanced out to zero, the favorite would
pay -150, which indicates a 60 break even point
on the bet.
4
Instead, what you will see in practice is lines
that show approximately 105 to 110 percent
probabilities. The difference between the actual
lines break even total and 100 is what the books
profit on balanced betting. Usually it is a
little less than a point spread bet, but it is
the same principle being applied. Losers pay
winners with the books pocketing the
difference. That is the extent of what the books
can control. Many times, the books will put out
opening lines and then quickly adjust them. The
adjustments are needed to balance the betting.
The odds of the outcome predicted by the books
does not change, but their business model
requires that they balance the betting even if
they have to pay more than the predicted
probabilities of the outcome indicate they
should.
5
When the book has to pay more than the original
predictions of the probabilities to entice
bettors to bet on a dog, the value of the dog
increases. It becomes profitable to take a bet
when the probabilities of the outcome are
predicted at 55-45, yet the line is profitable
60-40. The books also take into account the
expected balance of betting base on their
experience with the bettor. Some teams are just
not that popular with the betting public, while
others are very popular. For the more unpopular
teams, and advantage is built into the opening
lines.
6
Understanding how the books make their money, and
where they give it away, is essential in
understanding how to win money from them. It is
what opens up the possibility of winning money
sports betting, where other games are a no win
proposition for the long term bettor. In sports
betting, you control the rules and the odds you
play for. If done properly, you will always bet
with a monetary advantage on teams the books are
having to pay a premium on just to get the
betting balanced. If you make rules that prevent
doing otherwise, you will most likely win some
money in your long term betting. To know more
about Sportsbook Affiliate Programs please visit
here - http//affiliates.playdoit.com