In Sports Betting there is a type of player commonly called chalk player, to which we’ve referenced in previous articles. These are people who think that they’ve found a safe and easy way to increase their profit margin by making the most obvious bets on every game. But sports don’t work like that.
There is no such thing as a set winner, and you may notice that the decimal lines we gave you when we were looking at no-juice lines were much closer than the decimal lines we gave before factoring out the vigorish. In other words, no matter what the sportsbooks are saying, the teams you’re betting on might be more comparable than you think, and there’s no telling what may happen.
Some sites that specialize in giving advice to those with an interest in sports betting have suggested tracking your plays for as much as a full year before deciding whether or not you think you have the edge that it takes to be a profitable sports bettor. Now, since sports betting is not a perfect art and you’re going to have to accept that you will lose every now and then, the edge you need is actually not too far above 50%, more along the lines of between 52% and 55% depending upon the money lines on which you’re wagering. But just because that seems achievable doesn’t mean it’s easy for everyone.
To be a truly profitable sports bettor, you have to check a few things when tracking your picks. First of all, you want to see how your picks fare in comparison to the opening lines set by the sportsbooks, not just the closing lines. Bear in mind that the lines shift over time, so the opening lines are more indicative of what the sportsbook was actually expecting from each team. You also want to make sure that you’re beating these lines a lot. After all, why bother tracking your plays if you’re only betting once a month? You also want to look for trends in these numbers, to ensure that you didn’t close out the year on a month-long losing streak.
When tracking your bets, there are a few more specific stats you will want to note. The first is your return on investment. Divide your profits on a bet by the amount you put into it, and you will see about how much you are making on an average play. You will want to look at your ROI for individual wins, but you also want to see the profit you have made over time compared to how much money you have put forth in general since you began your foray into sports betting.
You also want to see how often you are beating the closing line. Do not just look at how often you have beat the closing line, but also figure out the average for how many times you have beaten it compared to how many times you have wagered. Use these tips and make a profit while living the excitement of your favorite sports match, sign up now at heritagesports.eu
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