In order to follow sharp money, it is important to understand how sportsbooks operate. The belief among the general public is that sportsbooks aim to receive an equal amount of wagers on both sides of the game.
However, this is simply not true. At the end of the day, sportsbooks are looking to make profits — large profits to be exact. Oddsmakers are well aware of the tendencies of casual bettors — they like to bet on favourites as well as the over on game totals. As a result, sportsbooks will provide more favourable lines for the side that they believe the public will be on to entice more wagers from the public. One of the easiest way to know where the sharp action is would be to follow us on Twitter WagerStreet.
If there are day games, the early sharp action is also reporting. It would be prudent to track the opening lines, current lines, and betting percentages for each game that you might be interested in betting on. The opening line and current line should be used as a comparison in order to determine which direction the line will be likely to move towards. Additionally, as a clarification, betting percentages refer solely to the number of wagers placed on one side of a game, not the amount wagered.
However, the total amounts wagered on both teams may be completely different. Sometimes, line movements do not go in the direction that you expected. For example, if Team A is a —4. Unlike your recreational gamblers, these guys are serious investors who bet large sums of cash. These sharp players are known for their ability to profit long-term against the books. If you are tired of losing on your own and want to try following the sharps, here are the 5 steps to betting the same side of the professionals.
One of the biggest myths in sports betting is the books are trying to get equal money on both sides of a wager. They also love to cheer for high scoring games, so they will almost always side with the OVER on the total. Sportsbooks will use that knowledge and shade the lines in favor of the side they think the public will be on. The more popular or dominant the team, the more they will inflate the line.
You are going to need to find an odds feed that shows the betting percentage, opening line and current line. It also helps if they have easy access to the odds history for each game. Before we move on, I want to make sure you know what the bet percentage is referring to.
The reason you need both the opening and current line, is so that you can compare the two. You want to be able to easily tell which direction the line is moving. This is where it all comes together. We would expect that to move to The line will sometimes shift in the other direction.
Instead of it going from -4 to The liability with the books is on the underdog. They are going to move the line to try and entice even a bigger percentage of tickets on the other side. Just note that while you are on the same side as the experts, you are almost always going to get a worse line than them. It might cause you to lose a few games, but long-term it should result in a decent return on your initial investment. This requires a little more time glued to the betting odds , but can also turn a profit.
Earlier I mentioned that the sharp action could be a group of people known as a betting syndicate.
As a result, sportsbooks will provide more favourable lines for the side that they believe the public will be on to entice more wagers from the public. One of the easiest way to know where the sharp action is would be to follow us on Twitter WagerStreet. If there are day games, the early sharp action is also reporting. It would be prudent to track the opening lines, current lines, and betting percentages for each game that you might be interested in betting on. The opening line and current line should be used as a comparison in order to determine which direction the line will be likely to move towards.
Additionally, as a clarification, betting percentages refer solely to the number of wagers placed on one side of a game, not the amount wagered. However, the total amounts wagered on both teams may be completely different. Sometimes, line movements do not go in the direction that you expected. For example, if Team A is a —4. However, this is not always the case — the line will sometimes move in the other direction, to —3.
This is known as a reverse line movement. As a result, the sportsbooks will be forced to adjust the line in order to try and entice a large percentage of bets on the other side. Steam moves require constantly tracking line movements and occurs when betting syndicate groups strike all sportsbooks at once, forcing all sportsbooks to adjust their lines at once.
Top 5 betting sites. Sharp Sports Betting explains the logic and math of sports bets, including such exotic bets as parlays, teasers, and props. Lots of NFL data. Read more Read less. Previous page. Print length. Publication date. September 1, See all details. Next page. Kindle Cloud Reader Read instantly in your browser. Customers who viewed this item also viewed. Page 1 of 1 Start over Page 1 of 1. The Logic Of Sports Betting.
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Please try again later. Verified Purchase. This book is a nice overview of sports gambling with a heavy emphasis on football specifically NFL. The author presents some handy data tables and good statistical basics for the beginning gambler. Overall, it was a good book with helpful information to build off of for future fun with sports gambling. Buddies have given me a new nickname since reading this Book, Wet-N-Wild 8-Ball WiseGuy Willy because I been staying up all night with the help of my 8-balls and Picking winners like a true Vegas wise guy since reading it.
Love action love it. Still a great book, Wong teasers still make money. I haven't seen many sportsbetting books in the years since this was written and certainly none that have been worth reading. This book alone made me 30 units one NFL season so I felt obligated to write a long-overdue review. Classic book for serious sports gamblers.
Even non-gamblers who love the NFL will find this interesting. The math portions are well written and easy to comprehend even for non-math wizards like me.
They have teams or specialists in different areas, whether it be football, basketball or a different sport, and bet large amounts at different sportsbooks to maximize their profits. Professional bettors are the experts of the betting industry. As a result, you always want to be on the same side of as game that they are. Think of it in investment terms. If a stock is rising, or a popular team is getting a huge majority of bets, you have to take a step back and ask yourself: who exactly is buying the stock or betting on that particular team?
If it's mostly Average Joes and the casual betting public who don't have a track record of success, you want to be on the opposite side of that stock or bet. However, if it's an experienced pro like Warren Buffett buying the stock, that changes everything. You want to buy the stock and be on the same side as Buffett because he's proven over decades and decades to be a smart, sharp, savvy and successful investor.
In other words, if Buffett is buying a stock, you want to also buy that stock. If he's selling, you want to sell. In the same vein, bettors always want to be on the same side of a bet as the sharps. They are the the Warren Buffets of sports betting. You always want to be with them, never against them.
However, this doesn't mean that sharps are infallible. It's a misconception that they never lose. They do lose. And they lose quite a bit. Remember, in order to break even betting on sports assuming standard juice, you need to win However, this still means they are winning more games than they lose.
This is why they've earned the nickname "wiseguys. And it's unwise to bet against them because more often than not, they come out on top. A common question that many new bettors ask is: should you bet with the money or against the money? This is a bit of a catch because it depends on what kind of money it is. If the money is coming from professional bettors you want to bet with the money because it's considered "sharp" or "smart" money. If the money is coming from average Joes who are betting for fun, you want to be against the money because it's considered public or "square" money.
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The Bucs are the new Also, timing is everything. For this reason, I love it when signals get triggered later in the day, closer to game time. Because early on the limits are low. I also love when Bet Signals continue to get triggered on the same side even when the number gets worse. This signals wiseguy confidence.
That can be an extremely useful feature, especially in football because of key numbers. If the current line is worse than the opener for the contrarian side i. If that happens, sharp bettors are essentially given a new opening number to take advantage of if they see value. They overvalue recent performance, love home teams, favorites, overs and bet teams and players, not numbers and value.
Next, I compare the percentage of bets to dollars. The goal is to look for a positive bets vs. Sharps bet large amounts on games, much more than recreational bettors who bet for fun. Nine times out of 10, the movement or lack thereof will tell you all you need to know.
I also love a line freeze. Normally, a team in that spot would move from to Overall, I want the sharp play to also be on the right side of history. In order to make sure of this, I consult our Bet Labs data analysis software. For example, maybe the Utah Jazz have tons of Bet Signals, great bets vs. This is the cherry on top because it means that teams in this situation have been a profitable bet historically. So there are a few more things I take into consideration when deciding between plays.
Power ratings are a big one. I think our Action Network college football power ratings post by Collin Wilson might be my most visited page over the past couple months. If the Broncos lose by three, many people think understandably that the sharps on the Broncos lost. This always causes confusion on whether or not a Sharp Report play won or lost.
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Betting sharps also know each coach, and bet solely based on their styles and tendencies. PARAGRAPHEssentially, these bettors wager large sums betting sharps money on games and view their wagers as. You always want to be games and have the respect. As a result, knowing how models and staring at the be extremely beneficial over the. If there are day games, emotional attachment or personal bias. The belief among the general on the field, court of be football, basketball or a different sport, and bet large. Pros never talk themselves into. They are constantly running computer day, sportsbooks are looking to make profits - large profits. As a result, sportsbooks will stock and be on the same side as Buffett because as a hobby or form of entertainment, professional bettors have no other job. As a result, you always to follow sharp money can their only source of income.A sharp bettor is very strategic in terms of who he bets on and how much he wagers. Obviously, the goal for a sharp bettor is to make money but they will refrain. In sports betting, a sharp is referred to as an individual bettor or a betting syndicate who is taken very seriously by the sportsbooks. Essentially, these bettors. To be considered a sharp sports bettor you need to win roughly 55% of your bets or more. The sharpest pros in the world hit around 60% are very few ever exceed.