Navigating the Complex World of Sports Betting: Insights from Top Handicapping Consultants

Sports betting consultants find an edge through proper research in order to make a profit. Veteran sports betting consultants assess a clear point spread, and consider several vital factors, to select a winning sports bet. They comprehensively analyze advanced betting statistics to find the best possible odds, such as the opening line, recent pay, home vs away, injuries, public opinion, etc. Due to their intense research, many sports betting consultants have established a power ranking system that enables them to make spreads.

Seasoned sports betting consultants opine that the more hands a player wins, the less money they are likely to collect, especially when they are a novice to the game. This is because multiple wins are likely to yield small stakes, so the individual will have to play more. The more the player plays, the more likely they are to eventually bear the brunt of occasional and substantial losses. Behavioral economics also comes into play here. The player may continue to bet in order to offset previous losses, or the winning streaks compel them to keep playing. In both situations, it’s neither rational nor statistically sound to continue betting. It’s just the emotional high of a win that motivates a player to keep playing further.

Understanding odds and probability

A betting opportunity should be considered valuable only if the probability assessed for an outcome to the event is higher than that implied by the bookmaker. Also, remember that the displayed odds never reflect the true probability of the event occurring. The payoff on a win is always less than what you should have received, because the bookmaker’s profit margin is always included in the odds. This way, odds do not reflect true chances. It’s important to understand the difference between probability and odds here. Probability is expressed as a percentage chance, while odds have many formats, like decimal, fraction, or moneyline. Odds represent the ratio of the probability of an event happening to the probability of its not happening. A positive odd shows how much you could win with each successful $100 bet, and a negative odd indicates how much you will have to bet to win $100. For example, a +7 spread means your team has to beat the opponent outright or lose by 6 points or fewer. If it loses by exactly 7 points, it is called a push, and you get your money back.

Types of sports bets

Sports bets are of many types, like:

Straight bets: The player wagers on the result of a single game or event.

Spread bets: The player either gives away or takes a certain number of points, runs, or goals.

Parlay bets: These combine two or more straight wagers into one bet.

Totals bets: The player just predicts if two involved sides will combine for more (Over) or fewer (Under) runs/goals/points than the total amount posted by the sportsbook.

Futures bets: As the name suggests, these bets are decided in the future.

Prop bets: The bet relates to an individual athlete’s performance.

Be disciplined in your sports betting

Don’t jump into sports betting with the expectation of making life-changing money, only a very few are able to do that. However, you can certainly improve your chances of winning by being disciplined. Don’t bet more than you can afford to lose, and seek the advice of respected and successful sports betting consultants, such as those available at Winible, who only breathe live information on one sport within a season. This narrow focus of our sports betting consultants allows them to understand where every team is physically, emotionally, and psychologically throughout the season.

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