When Bettors take the Price

Smart betting usually comes with the right conviction, timing, and even a bit of luck. But when does a bettor make the right call to take a bite of the prices offered by sportsbooks?

The existence of multiple bookmakers worldwide is to give the growing number of sports bettors options as to where they want to place their money and jumpstart a potential long-term sports betting career. The prices offered by these bookies vary, so it is the bettor who still makes the last decision that will decide victory or defeat on his bet.

Take a look at the basic tips as to when the bettor takes the bait of a sportsbook’s price and how to sustain it when making bets on various sports events. Learning the trends and nuances of bookies’ prices goes a long way in sustaining an enjoyable sports betting career.

NEVER OVERLOOK THE PRICE

One of the keys to creating a successful sports betting strategy is to determine the right price in terms of what bookmakers are offering. A successful bettor who knows the right price will never get past this particular detail.

New bettors should get past trying to find the answers to questions like, “Who’s going to win the game?” or “Who is going to score first?” and “What is the score going to be?” Sticking to these questions more likely has bettors end up on the losing end after placing their bets.

New bettors should get past trying to find the answers to questions like, “Who’s going to win the game?” or “Who is going to score first?” and “What is the score going to be?” Sticking to these questions more likely has bettors end up on the losing end after placing their bets.

GETTING THE BEST PRICE LEADS TO A WINNING STRATEGY

Finding the right sportsbook that a bettor can trust takes time, so picking three to four bookies at first and comparing their prices can make you off to a good start.

For example, a bettor who places money on the Phoenix Suns to win at 2.2 would remain a good bet, but you can be tempted if you can win at 2.50 in other bookmakers in betting on the same team. Sticking to 2.25 could be a wise decision despite sacrificing your profits by 50% over the 10 bets.

Take a real hard look at sportsbooks before taking on their price, and not just make that decision since you like the bookies’ site or you still have some cash in that account.

ACCESS TO LIVE BOOKMAKER PRICES HELPS

A bettor can go a long way if he can find a sportsbook that offers direct access to live bookmaker prices, since this will help to quickly view the best odds conveniently, which leads to developing a winning strategy and boosting those profits.

Once a punter has consistently identified those overpriced outcomes, as well as getting the best price possible, chances are you will move closer to that small percentage of becoming a successful sports bettor in no time.

Like students, developing your research habits always helps you to become a successful bettor. By double, or triple-checking those numbers, bettors will find discipline in making the right bets and make good value for their money that will eventually lead to an expanded return on investment.

FINDING EXPECTED VALUE GOES A LONG WAY

The predicted value of a variable is called the Expected Value, or EV. This is the process where a bettor finds a way to measure the probability gap between a bettor’s expectations of the outcome of the event.

And there’s Positive EV betting, which is defined as betting on a play that has a positive probability gap, or Positive Expected Value, between the expectations of punters and the bookmakers’ expectations on the outcome of a certain sports event.

More importantly, for bettors to take the right price from sportsbooks, patience is an important habit to ensure longevity in an evolving sports betting industry. If players do it for the love of the game (that could eventually lead to many championships), bettors should play not just to gamble but to grow their funds and become successful individuals with long-term goals.