Sports betting has been around for ages and while some
people are involved solely in for the pure thrill, others manage to bring in
substantial profits. Betting on sports online is fairly
simple, but if you want to be successful, first and foremost you must
understand the concept of value. This is a simple idea, but most of the punters
do not get it and don’t know how to capitalize on it, which provides winning
opportunities for the more experienced and skillful gamblers.
In the industry of betting on sports for a
living, your aim each day is to find the undervalued markets and
profit from them. The most difficult part is to recognize the value and to
regularly spot it you will need to spend many hours practicing. As soon as you
learn how to recognize the value and judge correctly implied probabilities, it
will become much easier for you to achieve wealth through wagering on sports.
What does it take to be a successful
If you want to be prosperous in betting, then math is
a something you should have no problems with as at the end it is all about
numbers and how these numbers mirror probabilities. You also need to understand
how bookies make their odds. Simply put, usually, bookmakers' odds will be
based on their expectations on what the masses will bet on and not the actual
chances of the outcome of the event.
This is to say that great value bets can be found in
major sporting events such as horse racing competitions, the Super Bowl, Cup
finals and Grand Slam tournaments. These events will appeal considerably to
regular bettors who typically gamble just for fun and have no idea of how to
implement a profitable betting strategy.
In order to make money by sports betting, it is
crucial to choose the right bookmakers who will let you play, and not limit or
completely ban you once you start winning. Luckily, there are particular
sportsbooks which will not stay in your way once you start being successful in
your wagering. Among the leading and most trustworthy bookies of this kind are
Pinnacle and SBObet which business strategies are based on high volumes and low
Furthermore, you can take advantage of the betting
exchanges. With betting exchanges, there is no risk of being locked when you
start winning as you play directly against other punters in the exchange, and
not against the bookie. Some of the leading exchanges these days are Betfair,
Betdaq and Matchbook.
You need to keep in mind that getting rich from laying
wagers is not an easy task and it won't come quick, but we at azbookmakers will
be happy to give you useful sports tips on betting. It is important
to remember that you will have to adopt a long-term mindset and patience as
betting is more like a marathon than a sprint. Also, you must have a viable
bankroll on your disposal, but along the process, you have to be very careful
with how you manage your funds and stakes as bad decisions can quickly drive
you into bankruptcy.
To sum up, there is nothing certain in the world of
betting and you can't accept anything for granted. The truth is that you will
have to put plenty of efforts, but the good news is that getting rich from
gambling is possible as long as you figure out how to find value, find the
right bookmakers to use and manage your bankroll effectively. We possess an
in-depth knowledge and first-hand experience in the industry and will be more
than willing to help you on this journey with our articles, reviews and betting
tips which you can find on our site.
Types of bets
There is no best type of sports bet as it all depends
on the gambler, the specific sport, and the circumstances. We recommend that
you learn all types of bets because it is crucial to know how they work so you
can be in a good position to exploit the most profitable opportunities. Below
we have provided you with simple explanations of the main types of bets.
Please, be aware that some wagers can differ depending on your territory of
residence and therefore you must be absolutely familiar with the certain bet,
before placing it.
Money line/Win bet - this is the easiest and most
popular type of wager that you can choose and can be used almost in every
sport. Basically, you will be backing the team/player that you believe will win
a particular match or contest.
Point spreads - these are especially popular in
the USA on football and basketball matches, but they can also be applied to
other sports. This concept illustrates how many points are awarded or subtracted
from teams' total and you have to predict which team will cover the spread. It
is usually shown as (-2), (-3), (+1), (+4), etc.
Handicap - this is quite similar to point spreads
wagering and is used worldwide in sports like soccer, tennis,
rugby and basketball as well as in racing events such as horse
racing. Points or goals are added or subtracted or in other words, virtual
advantage or disadvantage is given to contestants. There three types of
Handicap and namely: Level Handicap, Single Handicap and Split
Totals - Over/Under - this is a very popular type of
betting and offered on a range of sports. In this wager, the bookie predicts a
total number of goals, points or runs scored by both teams or individually in
the game and you bet on whether the total will be higher or lower than the
initially set figure.
Betting on virtual sports has brought about several major
scandals which to a certain extent have damaged the reputation of the
sportsmanship of some of the most popular sports. Manipulation of sporting
events could take several forms such as spot-fixing (actions of the player are
fixed), point shaving (players influence the score by missing shots),
match-fixing (the overall score is fixed) and unfair calls from officials at important
One of the biggest wagering scandals exploded in 1919 during the MLB
World series when eight players of Chicago White Sox were accused of
intentionally fixing the scores against Cincinnati Reds Others major scandals
include the illicit gambling of the former MLB player Pete Rose while
being an MLB manager, and the calls of the former NBA referee Tim
Donaghy who in 2007 was charged with making calls that affected point
spread in games. Additional famous scandals are the Boston College
Football scandal in 1996, The 1951 Points Shaving scandal and
the Damien Oliver's Horse Racing scandal in 2010.