Sunday, July 14, 2024

Sports Betting-Inside the Numbers

 Sports Betting is growing exponentially in popularity.While it has always been part of the landscape in other countries,it is still in the developmental stage in the United States. Prior to the repeal of _PASPA six year ago,legal bets were limited to Nevada. That has now expanded to 38 states. So in an effort to understand the business,I will take you inside the numbers on difference levels.This will allow you to make smart and responsible decisions.

Most articles that you see on Sports Betting will give opinions on who will win the game or who will perform at what level during a contest. I am taking the perspective that the number attached to the event should mitigate the play. The play is the amount of the wager. An example is a star pitcher for the Philadelphia Phillies, Ranger Suarez starting against the Oakland Athletics.The price to wager on the Phillies Money line for that game was -235. The money line is a wager that on who will win the game ,regardless of the score.While the Phillies are the best team reordwise in the MLB and the  A's are one of the worst,the price of taking the money line is exorbitant.The win on -235would bring you $100 and you would have $335 in your pocket. A loss would cost your $235.So you would have to win 3 bets at that money line number to recoup your initial loss. The Phillies loss the game 6-2. 

If you are deadset on making a wager at this price,an intelligent approach is to include the bet in a parlay. While the price will weaken the payoff ,the odds of you hitting the parlay have increased without the cash overlay.

We just went inside the number. Before lookung at the odds that are posted,have a price in your mind that is optimal to yourbankroll.Do not exceed that price regardless of the conditions associated with the teams.While Sports Betting is fun,it's more enjoyable when you are discipline and strategic. 

Check out another sports betting strategy in the videi.



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