Betting on sports is not just about luck. If you solely count on luck to win, you will lose more often than win. You need to understand the math to come out ahead when betting on sports. Therefore, you need to be more than just a gambler, but also a mathematician.
After all, all sports betting or gambling is math, even so-called games of chance. If you understand the math behind betting, you will increase your chances of winning. While you can learn a little about the math of betting by playing games on sites, such as the BonusesOnline.com, you still need to give further thought to betting on sporting events.
What You Need to Break Even
Depending on the sports on which you bet, you have to consider a number of factors. For example, you need to think about things like player injuries, quarterback, pitcher, or batter ratings, underdogs in a game, and bye weeks. So, how deeply involved do you have to become with math? Well, to break even, you need to collect on approximately 53% of the bets you place. Most people don’t know that you have to make this happen for more than half of the wagers you make.
Let’s look at how the math works with an example. Let’s pretend that you and a friend each want to place a bet on sports and you each have $200. In this case, you want to bet on the Dallas Cowboys and Minnesota Vikings for your NFL sport bets picks. You can also check out more about how this works by referring to the Legal Sports Report.
You notice the wagering board. It shows 428 Cowboys, +180 and 429 Vikings -4 -200 39. In this case the -4 for the Vikings means the Vikings are favorites, and must win by at least 5 points – that is, if you want a Vikings’ bet to pay out. Next, the -200 is the money line, which means the Vikings are a 2/1 favorite. The final number, or 39, is the total that is over or under the anticipated number of points for the game.
Will the Game Be High-Scoring or Low-Scoring?
Look first at the over and under number, or 39. If you and your friend believe this game is going to be a low-scoring or high-scoring game, you can bet on the total of the points scored. You will do this based on observation – on your own knowledge of the team’s defenses, strategies, playing conditions, and player injuries.
Therefore, you need to be more astute when laying down sports bet than when you play, for instance, a game of bingo on a site like TheBingoOnline.com. That game may be strictly for entertainment while a sports wager should not be made unless you know three things first –
- The type of bet you plan to place.
- The number for the corresponding team you select.
- The amount you want to bet.
You and your friend decide, after some deliberation, to place a $100 bet each on your favorite team. You have a couple of options in this regard. To bet on the Vikings by employing a point spread, your wager is defined as laying the points. Therefore, for your wager to pay off, you need to be sure that the Vikings can win by 5 or more points to cover the spread. If they only win by four points, both sides may recoup what they have bet.
Taking the Points
Another option is to choose to take the points with the Cowboys. That means the Cowboys will need to lose by three or fewer points for you to win your bet. While all that sounds deceptively simple, real sports fans know that nothing is really as it seems, especially when it comes to sports betting.
For example, some sports bettors will subscribe to weather bulletins and make betting decisions based on the wind speed and how it could affect a game’s outcome. They also may consider the possibility of player injury. These types of projections reach beyond what you may experience in penny slots or bingo. Sports betting covers a whole new venue of gambling – one that requires mathematical skills, the ability to measure and project outcomes, and a good instinct.
What do you believe is the key to winning at sports betting? It simply is not sheer luck. There are several common denominators that come into play. If you want to be successful when it comes to betting on sporting events, you not only have to like the sport being played, you have to know how to translate the numbers and what they may mean to you.