How to Make Money in Sports Betting

Many people wager on sports, but not everyone knows how to do it correctly. Most sports bettors are fans who are looking to turn their knowledge of a team or players into money. While betting with the heart is fine, it’s best to use logic when placing a wager. This is especially true when betting on a favorite team. If you’re a New Jersey Devils fan, for example, don’t bet on them to win the Stanley Cup. They’ve already proved that they are a disappointment this season.

To make a profit, sports bettors should employ a proven profitable strategy that maximizes their chances of winning. This usually involves value betting, which involves placing bets with a greater chance of winning than the odds suggest. Pro bettors often use mathematics and statistical analysis to find these opportunities.

A good example of a sports bettors using math is a professional baseball bettor who studies the statistics kept by all sorts of data archives, blogs, and magazines. He might notice that when a team starts a left-handed pitcher on the day after a loss, it wins 59% of the time. He will then look for game situations that match this statistic and place a bet accordingly.

Other angles that can improve a bettor’s chances of making money include tracking initial lines, studying stats, and avoiding services that promise guaranteed profits (though no strategy is 100% guaranteeing). Limiting bets on a routine basis also helps minimize losses and increase the likelihood of making more than you lose.