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Trends can be as simple as riding a team’s hot streak or betting against a team that is in a slump they can’t seem to get out of. One common strategy employed by bettors is to look at trends. Overall, shopping lines does little to guarantee winning bets but is a useful way to cut into the house advantage. A half-point is almost always more valuable. But, again, this is a matter of how valuable you think that half-point is. You get the extra half point at C, but A gives better odds. Sportsbook C and Sportsbook A offer different spreads. That’s a free half point and slightly better odds you could get just by shopping lines. You get an extra half-point, meaning if the Spurs lose by two you win instead of pushing, and you’re also getting -109 as opposed to -110. Sportsbook C is also clearly better than Sportsbook B. However, the spread is the same, and the odds are better.
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Sportsbook A is clearly giving better odds than Sportsbook B. Let’s look at actual lines for betting the Spurs against the spread at the Pelicans. When dealing with spreads or totals, the line can also vary. The Twins example is straightforward because only the odds can change on a moneyline bet. Sportsbooks intentionally have similar lines to each other because, on the rare occasion they don’t, smart bettors will find the place that has lines out of whack and bet heavily there. If you have access to all three sportsbooks, you will place your bet at Sportsbook B. However, instead of a candy bar, you are “buying” a Twins moneyline bet that will give you $100 in profit. This should be as obvious as the candy bar scenario. Finally, Sportsbook C has the Twins listed at -120, which means you have to bet $120 to win $100. Sportsbook B has the Twins at -113, which means you only have to bet $113 to win that same $100. Sportsbook A has the Twins moneyline bet at -115, which means you have to bet $115 to win $100. The next step is to look at different sportsbooks to find the best odds. You’ve also decided you want to win $100 on your bet. Let’s say you like the Twins to beat the Indians, so you want to bet them on the moneyline, which means if the Twins win, you win, no matter what the score is. Of course, the candy bar analogy is so simple in everyday life, but let’s show how that might look in the sports betting context.
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This requires looking for lines at multiple sportsbooks, which isn’t always an option but has become much easier with the growth of sports betting apps. Well, the same concept applies to sports bets from different sportsbooks. All other things being equal, you’d buy the candy bar from the grocery store. The grocery store across the street sells it for 79 cents. The convenience store a block away sells it for 89 cents. The gas station around the corner sells the candy bar you want for $1. This isn’t a strategy for finding winning bets but rather a way to ensure you get the best price on a bet. There are some relatively simple principles to follow when looking for good bets with that caveat out of the way. There is a constant battle between professional bettors looking for advantages and sportsbooks figuring out what the edge is and adapting. There have been successful strategies, statistical models and other things bettors have used to get an edge, but in many cases, sportsbooks have since adjusted to take them into account. It’s important to know that if there really were a killer strategy, everyone would use it, and sportsbooks would be out of business. Countless books attempt to discuss and create sports betting strategies that make money. Once you understand the basics of sports betting, attempting to apply strategies is the next step.