How to Profit from Betting?
/ January 5, 2020 /
Anyone who reads this will most definitely be surprised by the assertion I am about to make. Whilst most of us assume that everyone who bets sports wins long term, it is not true, as long as they bet often enough.
Aren’t you shocked? You aren’t, of course! Not Everyone has an advantage that the bookmaker has, so that sports bettors lose more often. But what if it was possible to reverse the roles, meaning that the sport bettor had the advantage always?
In Truth, This is Likely
Did you ever hear the advantage player term? This is a marking that casino business gives to customers that only bets if the chances are in favour of players.
While book makers have an advantage of 4.55% on straight bets (2.38% @-105) on average, the key word is “avg,” advantageous players find bets that have a negative bookmaker advantage. Whether it’s a sports betting specialist or just make a little money on your hand, the first step is to stop taking negative EV bets.
You can go ahead to our +EV bets advisory when you grasp what the estimated interest, -EV and +EV mean. Continue to read if you are unsure of this definition.
It’s not gambling if you always win! It is the easiest way to make money on sports. Learn all about Sports Arbitrage.
The Explanation of Expected Value or EV
The expected value is a term used frequently by professional players. In simple terms, I will use an example to explain what it means. Let’s imagine, that you wanted to have a game for coin tossing. We’re tossing coins and you will be giving me $1 for every head outcome; I’m giving $1 per tail result to you. We can toss coins all over infinity and we won’t have any advantage because we lose an average of $1 half of the time, we gain $1. So soon so we toss coins several times, we’ll all break even as long as we swing back and forth. The value of this particular bet is neutral.
Let’s say now that I am sick of spinning money, I want to leave, but you can make me a better deal when asking me to continue. This new deal pays $1.10 for each head and for every tail I am still paying you $1.00. Currently, half the time I get 1,10 dollars and half the time I miss 1,00 dollars. If we go down 100x, then on average I will win 50 x $1.10 ($55) and 50 x $1 ($50) loses. I have a positive expectation (+EV) of 5 cents per turn of the coin. As you have the opposite of proposing me this idea, each coin toss is 5 cents –EV for you.
The bet made in sports betting has either a positive expected value (+EV), a negative expected value (-EV) or an assumed marginal value in rare cases. To win in sports betting, avoid -EV but also EV bets need to be made.
Easiest Way to Find +EV Bets
Most sports betters do not spend time learning advantage player tricks because they take some time, the majority don’t have any way to do it, they are overwhelmed or if they learn it doesn’t really make a big difference. That is why apps that track these bets like Rebelbetting app comes to the rescue. They offer arbitrage bets with their Rebelbetting app and +EV bets with the Valuebetting app. Be sure to check them out if you are just starting to bet.
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