The old adage the less you bet the more you lose when you win, has been a staple of the sports betting industry for ages. Within the industry, there are two types of bettors, the squares and the sharps. On the one hand, the squares are the bettors that are unfamiliar with the ins and outs of the industry and constantly lose, due to a lack of an edge. Conversely, the sharps are high rolling bettors, that use bookie software to gain an edge of the sportsbook or casino on a game. Here’s a look at why successful bettors are finding an edge over the sportsbooks.
The biggest edge sharps have over the sportsbook actually wouldn’t seem like an edge if you’d read about it somewhere else. That edge we are talking about is money management. The old adage we mentioned earlier is often used by squares, as they learn awfully quickly, that betting more doesn’t mean you are betting smart. For example, a person that has a $400 bank roll who risks $100 per bet, will lose more, then someone with a $400 bank roll who risks $50 a bet.
If you take sports betting seriously, then the first thing you will realize, is that no matter how much you risk you won’t always win. In other words, if your goal is to spend $400 total, why waste it on four bets, when you can double the amount of bets you are using by spending less?
As well, the majority of sharp bettors, tend to be able to find value over the casinos and sportsbooks for one simple reason, they are willing to shop around. The reason most casinos and sportsbooks make a profit is because many square bettors, would rather wager at on the NFL at one watering hole, then go somewhere else.