Betting on football matches is becoming more popular year on year, with a growing number of online bookmakers available to bet with. With football one of the world’s most popular sports, it is little surprise to see so much money is bet on the biggest games every day, with popular football betting markets including accumulators, both teams to score (BTTS) and goalscorer markets.
You plan on betting on 160 games during your investment period. You dream of a 55% winning record because your win-loss with a 55% winning record would give you an 88-72 record. That’s an expected profit of +8.8 units. How did we get to that number? To calculate your units, subtract the total of your losses (multiplied by 1.1 to include the vig) from your wins and you’ll get your unit profit.
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OKC fell by eight to the Los Angeles Clippers Friday night. The squad seems off balance, and several players have criticized the officiating lately, Paul George in particular who was fined for ripping refs after the loss to the Clips. To be fair, the Thunder might have a point (their opponents have been awarded a combined 93 free throws last two games), but wasting energy on such matters won't do them any good.
I know that everyone wants to bet like they are Warren Buffet. But guys that have been successful in any “speculation market,” which is essentially what sports betting is, have done so through patience and savvy. I know it’s not “sexy” to say that you bet $112 on a game. People would much rather play for $500 to $1000 per game. But let’s leave sexy for the MTV crowd. To me being smart with your money and slowly growing your bank account is the best way to really make gambling part of your long-term enjoyment.
For a lot of people, however, these decisions are NOT easy. Some people follow a lot of sports, and are not sure if they want to bet on them all. Others only follow a single sport, and aren’t sure if they want to limit themselves to just that one sport. Then there are those who want to try to sports betting but don’t really follow any sports closely.
Bookies look at the weight of their books all the time and adjust odds and other factors to make sure their books balance. Though it isn’t possible to completely balance a book, bookies that go too far out on one side run the risk of losing money, and losing money in gambling is the fastest way to find yourself in another industry. All of these factors are why bookies generally root for the underdog—too many favorites winning in a sport with a short season (such as the NFL) can cause a bookmaker to lose money, while a bunch of upsets (like you generally see in college football) is a guaranteed profit for the bookmaker.