Betting odds represent the bettors’ perception of value, not actual value. Our betting systems are able to pinpoint and exploit pricing opportunities created by the irrationality of sports bettors, and the need for sportsbooks to balance their risk exposure. By examining 20+ years of betting line data with our proprietary betting trends, we’ve developed profitable betting strategies based on cutting edge “market efficiency” economic theory.
To be sure of a reliable profit over various markets, new models need to be developed for each of them. This is a full-time job. So even if you have the prerequisite mathematical skills, I wouldn’t recommend becoming a professional gambler. There are many other jobs in mathematics and statistics that provide a much more stable income than gambling and require a much smaller starting capital.
If you’ve ever been tempted by a flutter, you’ll know how bookmakers and casinos stack the odds against you. The clearest example is roulette, where there are 36 red and black numbers plus the green numbers 0 and (in the U.S.) 00. So that’s 38 possibilities in total. When betting on red or black, the odds of choosing correctly are 18/38, and a fair payout for a $1 stake is $2.111. However, the house pays only $2 and keeps the difference. In that way, it guarantees itself a profit.
Betting site features - If you’re searching for a site with a particular feature, like a poker room to play a few hands while watching the game, we can help you with that. In addition, when rookie gamblers evolve into more seasoned sports-betting aficionados, they may or may not outgrow their original sports betting site. SportsBettingDime can help every type of player as needs evolve.
Basically, any set of parameters that you come up with that helps you to pick winners is a sports betting system. The system can be simple like the first two examples, or it can be much more complex like the third example we gave. Believe it or not, sports betting systems can get even more complex than this by using a lot of complex formulas and math to try and calculate value and winners.
With two professional teams of their own and one of the largest collections of fans in the world, is it any surprise that Texas residents are some of the biggest supporters of legal NFL betting in their state? While you won’t find any action at bars or casinos in the state, you will definitely find thousands of TX residents participating in sports betting on any given Sunday afternoon. For legal sports betting options in Texas, you’ll want to head over to an online, offshore sportsbook. These websites provide legal NFL betting in Texas, as well as an overwhelming amount of other legal sports betting opportunities.
Line shopping is an easy way to gain an edge. This method involves looking for sharp, trusted lines (usually from well respected, liquid books) and then finding other sites that are slow to update their lines. This can happen a lot in the last hour before game time. One book may list a team at -3 and then all of the sudden the line starts dropping, first to 2.5 and then all the way down to 2 and finally 1.5. However, while the line is at -2.5 at one book, another may still have -3. This would provide a great opportunity to take the underdog and “chase the steam.”