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ROI – What is it? Why is it important in Sportsbetting?

ROI stands for Return on Investment, this is critical to sports bettors for achieving long term success.  There are different ways to measure success as a sports bettor ie. Winning percentage and Units won are most common.  Really, the one that matters the most is how much gain have you had with your initial deposit.  We here believe that sports betting is an investment, it is also a grind and showing you our ROI each day shows you and us that it's not about who has the highest winning % or units won at the end of the day it's about who can sustain a constant profit long term.  You here that sports betting is not a sprint its a marathon and it's true, it's not a get rich quick scheme it's about turning a steady profit over time. What drives me crazy is people going by how great there win percentage is.  The required percentage to break even is 52.38% with average -110 juice.  Everyone says that 60% is what they want to hit and many bettors use winning percentage to sell plays and make it look like they are winning long term.  Reality is you don't have to have a high winning percentage when betting money line sports (baseball, hockey) to win long term.  In spread sports (football, basketball) percentage does matter though.  There is far more risk to me long term betting over -150 money line favorites. If bettors are betting over -150 money line favs day in and day out, successful bettors know that is a losing strategy.  You want to get the most out of any wager you make and long term betting huge favorites will end up poorly.  Here's [...]

By |May 26th, 2016 12:57pm|Betting Philosophy, Betting Strategy|0 Comments

Betting Favorites Early, Underdogs Wait Middle Possible

This is a simple strategy to use in any sport.  Lines are often made right away after a team's last game is played.   Say the line opens up -3 for the Dallas Cowboys on Monday, well the Cowboys are a public betting team and if you like them against the spread the next week you should take that line ASAP because once Sunday comes around it could be at -4 or -4.5 and your not getting the best number.  Now if you like the underdog the next week just sit back and let that Cowboy line keep going up and jump on it just before kick off.  This betting strategy is very profitable and works best on your public teams (ie. Heat, Cowboys, Packers, Bears, Thunder etc.) getting public money on them all week or all game day leading up to game time.  Betting Favorites early also can open up hedging opportunities with a middle possible depending on how much a line will move during the week/day and can increase profits along the way.

By |May 21st, 2016 12:50am|Betting Philosophy, Betting Strategy, NFL Strategy|0 Comments

Reverse Line Movement

This is a must for every handicapper to know.  If you notice here on vegasinsider.com they have bet percentages there on moneyline, spread and OVER/UNDER for each sport.  They have what the line for the game opened at and what the current line is at. What to look for is: for instance the Heat open at -7 for the game and there is 74% of the betting market on them but the line went from -7 to -6 with only 26% of the bets coming in on the other team you have to wonder why did the line move the opposite way?  Well there is sharp money and there is public money.  Since the Heat are a public team they are almost always bet on by the public that`s why there is 74% of the betting market on them.  So with the line moving to -6 there is sharp money moving that line which tells you that they know something the public doesn`t.  This is a tell we use to make our moves everyday and this is an excellent strategy to profit from over time.  This is an absolute must to research before you make your wager.

By |May 18th, 2016 10:12pm|Betting Philosophy, Betting Strategy|0 Comments

Shopping Around for the Best Odds

Like anything in this world, shopping around for the best available line is another important tool to add to your sports betting tool box. Different sportsbooks will have different odds on the same game, so depending on what side you like it's important for you to get the best bang for your buck. When looking to make bets, it's best to have at least two or three different sportsbooks where you can make bets.  I have a list of some great ones here at Drock Sports, but they all have different factors that make them quality shops. As much as you want to jump right in and make your wagers, losing a few cents/dollars on each of your plays because you only have one sportsbook at your disposal will affect your bottom line. When you are backing a team like the New York Yankees and see them as -130 favorites at one place, -135 at another, -140 somewhere else and -128 at a fourth place, where would you want to make that bet. The last one saves you 12 cents on the dollar and that adds up long term. I know that having multiple sportsbooks isn't always feasible when you are starting out, but once you get going and have a better understanding of the whole process, this is something you should include in your sports betting arsenal. You can use http://www.sportsbookreview.com/betting-odds/ as a place to go about finding where you want to start and keep using it for when you decide to find action elsewhere.

By |May 16th, 2016 4:31pm|Betting Philosophy, Betting Strategy|0 Comments

Analyzing Line Movement: Important Tool for Finding Winners

When you begin you sports betting career you should think of the handicapping process (breaking down games/lines) a job you need to have the right "tools" for. One of the most important tools to have is learning how to successfully watch the lines (odds) move throughout the day and up until game time. You can get the answer (correct wager) by doing this and cross-referencing it with applicable trends and situations to get you to confirm a bet on a given team. Many come into their sports betting careers with the misconception that they have been following teams/leagues forever, watching Sportscenter, and knowing tho to pick as the winner. But the popular media outlets (ESPN, Fox Sports, TSN -for you Canadians) portray their message with generic narratives and common, often unusable tidbits of information. It's not that helpful for me to tell you Washington has won seven of their last eight games in New York when those eight games took place over 3-4 years with different team dynamics each season. If that stat is incorporated into your handicapping process as a whole when breaking down the game it can be used as evidence as to why to bet Washington that night but it shouldn't be the only reason you decide to make that wager. Like a lawyer trying to prove their case, you need to gather as much evidence as you can as to why Team X is the one you'll be betting on tonight. A good place to start is by using Sportsbook Review's betting odds side - found here. It tracks the odds all day across numerous sportsbooks for every game that day and you can click on a given game and see [...]