Online Betting Tips: Make The Most Of Your Bankroll
There are many advantages to making sports wagers online, and these online betting tips should help you maximize your bankroll.
For instance, offshore sports books offer an array of prop bets and future bets that are not available in Nevada sportsbooks because of legislation that prohibits them.
One example would be award nominations for player of the year in college sports or MVP in a professional league. Nevada sportsbooks can’t offer these bets; however, online sportsbooks regularly post odds on MVP races and many other potentially lucrative prop bets.
The convenience factor of online betting should also work to your advantage. Not only can you get all the action you need from the comfort of your home office, the instant access to sports information and odds allows you to react quickly to changes in the odds and point spreads. For example, if you like a 7-point underdog in a football game and you are really hoping to find your team at 7.5 points, the ability to constantly monitor the odds will allow you make this play the instant the spread turns in your favor.
Another major consideration for online betting involves the variety of in-game bets that these books usually offer. You can use these to find numerous situations in which you can maximize your wins on certain games, and limit your liability if the scenario calls for it.
Situations in which your original pick appears to be a clear winner present opportunities for maximizing your value on the game. Let’s say you have backed a 12-point underdog in a college basketball team and your club actually takes a 10-point lead into halftime.
Most sportsbooks will offer either a line for the second half or re-set the point spread for the remainder of the game. So while you already have 12 points in your favor, the book might set the line at “pick ‘em” for the rest of the game, basically allowing gamblers to predict whether the favorite will come back and win this game.
This presents a prime opportunity for maximum value. By taking the favorite for the second half of the game, you have now left yourself as 12-point middle in which you can win both wagers. If the favorite comes back and wins the game straight up by anywhere from 1 to 11 points, you will have cashed in bets on both sides. In the rare case that the favorite wins and covers the original spread, you have limited your liability. However, given that your original pick is in such good shape, your halftime bet should usually be of a lower amount – perhaps half – of the original wager, so that you do not lose the equity you have earned from your accurate pick.
This type of flexibility also can come in handy when things don’t go your way. Let’s say you have a 7-point underdog in football but, unfortunately, your team does not play up to its potential in the first half. You feel fortunate that the game is tied 10-10 at halftime but do not like your team’s prospects for the second half. If the online sports book offers a second-half line with the original favorite at again -7 – a very likely scenario – you can now limit your liability by betting on the favorite for the same amount in the second half. Granted, you will lose some juice doing this and it’s not advised in all cases, but keep in mind that money you don’t lose is just as important as money you win.
The ability to ward off disadvantageous situations is a major advantage of betting online.
Another factor to keep in mind is the discount on juice that some online sportsbooks offer on certain days of the week or for particular events. Many bettors mistakenly believe that the juice sportsbooks charge is not a major obstacle to their success; don’t be one of them. Remember for a standard -110 charge to win $100, you must win at least 52.5 percent of your bets to simply break even. This means you need win around 57 percent or better to show any sort of real profit.
So when a discount is offered on the juice, you should take this for the value that it represents. If a sports book offers -105 on a particular day, this is the equivalent of being offered $100 worth of goods for $95. You would take this discount at your local grocery store, and you should take it here. However, do not take advantage of this if the situation is not profitable.
Some sportsbooks only offer this discount early in the week, on say, Mondays or Tuesdays when there are fewer games to choose from and the books are looking to generate some action.
Don’t play a game you normally wouldn’t consider just because there is a break offered on the juice. However, if it’s a game that you already have determined to play and you find this discount, make sure to maximize the edge that you are being offered.
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