In the long run, sportsbooks make their money with the juice or “vig” they charge for betting on each and every sporting event. When you choose a side against the spread and wager 11 to win 10, the book is essentially making a bet of 10 to win 11 on the other side. You can see how that would be a profitable model over time. But because sportsbooks take action on both sides, they are almost always going against the betting publics pick in terms of which one will end up being more invested. The exception would be more money coming in on a particular side from a few big bettors opposed to more tickets from the public in general. This is sometimes referred to as “sharp” money being wagered on a game that moves the line in one specific direction.
The most obvious reason this betting system makes sense and works consistently over time revolves around the fact that if the general public was mostly on the winning side, sportsbooks would have trouble staying in business. Sportsbooks set their lines trying to get equal public action on both sides and know what they are doing, sometimes even making one side look too good to be true. When the betting public pounds a popular side in that situation, it is often the sportsbook that comes out winning. So as a bettor, why not be on the “right” side that the sportsbook is rooting for from the start?
One example showing how my betting system works effectively involves following the public’s obsession wagering on favorites and overs, especially in correlated parlays. After all, most sports bettors get into gambling in the first place because they are fans at heart who already have a rooting interest in the game and want to make money from their passion. And what fans don’t like wagering on great teams and a lot of scoring?
I dually for sportsbooks, each event or game would receive equal betting action on both sides. So if bettors were wagering a total of $11,000 to win $10,000 on the Los Angeles Chargers at -4 and $11,000 to win $10,000 on the Las Vegas Raiders at +4, regardless of which side wins, the sportsbook will still end up making a $1,000 profit. The risk for sportsbooks occurs if bettors were wagering a total of $16,500 to win $15,000 on Los Angeles -4 and just $5,500 to win $5,000 on Las Vegas +4. If the Chargers win and cover the 4 points, the sportsbook stands to lose $9,500.
Keep in mind, the amount of betting action on an event or game will mostly determine which direction a line moves. How much or how quickly the line moves will vary between sportsbooks and depend on the amount of action a specific book is receiving on each side and how much risk the book is willing to take on a particular game. Books that want more balance may move lines more quickly, and the most successful ones will always try to stay one step ahead of how they think bettors will react to their numbers. Sportsbooks will always know what side the public is on, and “sharps” will be able to pick up on this most of the time by charting line moves and wager accordingly based on bet percentages and where they can find value
*****Contributors DVAXN Group 25 NFL Football Outsiders > NFL Capper Sports Analyst Rob Vinciletti //////Jerry Nyles NFL Capper//// & B&Rs Expert Consensus rating// DVAXN Group 25 NFL Football Outsiders Powering Rating ~[Cleveland OH] With Bobby Lancer Exclusive ratings & There Calculated Point Spreads With Trends & Statistics and Indicators. Intelligent Analysis of the NFL ~Compliments From ~Hårr¥THëHÄT~
The most obvious reason this betting system makes sense and works consistently over time revolves around the fact that if the general public was mostly on the winning side, sportsbooks would have trouble staying in business. Sportsbooks set their lines trying to get equal public action on both sides and know what they are doing, sometimes even making one side look too good to be true. When the betting public pounds a popular side in that situation, it is often the sportsbook that comes out winning. So as a bettor, why not be on the “right” side that the sportsbook is rooting for from the start?
One example showing how my betting system works effectively involves following the public’s obsession wagering on favorites and overs, especially in correlated parlays. After all, most sports bettors get into gambling in the first place because they are fans at heart who already have a rooting interest in the game and want to make money from their passion. And what fans don’t like wagering on great teams and a lot of scoring?
I dually for sportsbooks, each event or game would receive equal betting action on both sides. So if bettors were wagering a total of $11,000 to win $10,000 on the Los Angeles Chargers at -4 and $11,000 to win $10,000 on the Las Vegas Raiders at +4, regardless of which side wins, the sportsbook will still end up making a $1,000 profit. The risk for sportsbooks occurs if bettors were wagering a total of $16,500 to win $15,000 on Los Angeles -4 and just $5,500 to win $5,000 on Las Vegas +4. If the Chargers win and cover the 4 points, the sportsbook stands to lose $9,500.
Keep in mind, the amount of betting action on an event or game will mostly determine which direction a line moves. How much or how quickly the line moves will vary between sportsbooks and depend on the amount of action a specific book is receiving on each side and how much risk the book is willing to take on a particular game. Books that want more balance may move lines more quickly, and the most successful ones will always try to stay one step ahead of how they think bettors will react to their numbers. Sportsbooks will always know what side the public is on, and “sharps” will be able to pick up on this most of the time by charting line moves and wager accordingly based on bet percentages and where they can find value
*****Contributors DVAXN Group 25 NFL Football Outsiders > NFL Capper Sports Analyst Rob Vinciletti //////Jerry Nyles NFL Capper//// & B&Rs Expert Consensus rating// DVAXN Group 25 NFL Football Outsiders Powering Rating ~[Cleveland OH] With Bobby Lancer Exclusive ratings & There Calculated Point Spreads With Trends & Statistics and Indicators. Intelligent Analysis of the NFL ~Compliments From ~Hårr¥THëHÄT~
