In this guide, I am going to be talking all about how you can win at sports betting. The statement that I am about to make will undoubtedly shock you or any sports bettor who reads it. Some of us are actually under the impression that everyone who is a sports bettor will win in the long run and as long as they bettor often and enough, this is not true at all. You may be surprised, or you may not actually be surprised. Every single person knows the bookmaker does definitely have an advantage, and that is why the betting individual would lose more often. Well, the roles have reversed. What if the sports bettor has the advantage?
I am here to tell you that this is possible. Have you heard of advantage player? This is a label which is given or assigned to players who only bet when the odds are in their favour. On average, a bookmaker has 4.55% of the advantage on straight bets. Advantage players find bets where the bookmakers do not have an advantage, and even if they do, it would be in negative. Your goal may actually be to be a sports betting pro or just to earn a little money on the side, the very first step to winning is to stop making any negative bets.
What is expected value (EV)?
Expected value is actually a term that professional gamblers make use of on a regular basis. To explain what this particular term means, I will be using an example. Let us say that we decided to flip a coin. We flip the coin, and I get one dollar for each outcome of heads, and I give you one dollar for each count outcome of tales. We could flip coin is for all of eternity, and neither of us will have an advantage, because it is always a 50-50 chance. It swings back and forth so many times, and if we flip the coins enough times, we will eventually break even. This better actually has a neutral expected value. I am saying you have to place bets only when you have a positive expected value; not neutral expected value or negative expected value. If we were to say you get two dollars if we get tails and I get one dollar if we get heads, your chances are better off getting more money.