Sports betting is for many people is a source of constant income. But for some the thrill of the actual gambling nature of sports betting is too much and other than money, sports betting is really just a hobby. However, there are still a lot of considerations to be made when considering how to commit to sports betting. When most people think of gambling, they think of risk. When they think of risk, they think about losing a lot of money. However, sports betting is fairly low risk, but not zero risk. The amount of risk that you face when betting on sports can be described with a percentage. For example, the risk of losing your unit is about 5%. However, the rate of return on your money is fairly good. The odds of you losing your unit are about 21%. So in this case the payout is about 11%. The odds of winning are about 1. So the payout is about 78%. If you are an 80% bettor, you will have a payout of about 60%.
You should also know that the higher the payout the better the odds. The payout for a bet on a team that wins at +150 is about 58%. While the payout on a team that loses at -150 is only about 33%. The reverse is also true. The higher the payout the lower the risk. The Risk of losing your money is about 42%. When you bet on a team at +150 you have a 42% chance of losing your bet. When you bet on a team at -150 you only have a 33% chance of losing your bet. By betting the spread you can reduce this risk by 33%. This can make a big difference when it comes to your bankroll.
By Egp88 the spread you will normalize your returns between the -.25 and -.75. This gives you more of an advantage over the books when you bet the spread. The books don't make money when you bet the spread. The only time they will make money is when you bet the money line. The books shift the line to make money when you bet the spread. They do this because a bet on the spread pays them 5 to 1 instead of 3 to 1. Even though you can win by betting the spread, betting the money line is easier to win. The books are counting on the general public to bet the spread all year to pay the money line. The paying bettors pick the winning team because the spread is reading slightly more than even money. The books know that most people will bet the spread. They also know that if the public is betting against them, they will loose money. The books know they will loose the bet each time, but they want you to think they know who is going to win. The fact is, they don't. You need to bet the spread every time the game is played. The books know that most people will bet the spread, but they don't know who is going to bet the money line. People are under the misapprehension that the books have the advantage when in fact they don't. The advantage is with the bettors. The only way to play the money line is to bet the spread.
Anytime you bet against the spread you will lose money over the course of the season. As long as you are betting the spread you will be in the red to start the season. The majority of bettors who bet the spread against the spread will lose money over the course of the season. The books know they will lose money and they shouldn't be betting against the spread. The books know they will win money because the bettors consistently pay them more than the true odds. The books know that when bettors lose money they can live a moneyless existence for a short time. Meanwhile, they are swimming in cash. The books are in business to make money. A successful business is profitable and it is why they exists. People believed the books were in business to lose money. The masters of the game knew they would win eventually. The books knew they would never accumulate wealth. The only way to play the money line and win is to bet against the spread.
The opportunity to take advantage of the books mismanagement of the line is the key to winning in sports betting. The point spread is the book's way of paying the winners and not knowing how to bet against the spread is the secret to winning. In order to win, you have to bet against the spread all the time. The books mismanaging of the line makes a huge inroad in the bettor's ability to win.