Strategy Tips for All Sports Bets
Tip #1: Know the bet you’re making
Sounds simple, right? It should be, but sometimes it isn’t. For example, tennis and soccer employ what’s called a handicap line. The handicap line is similar to an against the spread line in football betting.
But in football, it’s rare to see a spread line that’s not at -110, or 10% juice. In soccer and tennis, we often see lines like Barcelona -2.5 goals versus Betis at -147.
You can bet on MLB run lines, which are almost always at -1.5 or +1.5 runs but with various risk versus reward signifiers. A run line could be +2.5 at -240 as an example, which means to profit $100, you must risk $240.
Tip #2: Understand risk versus reward
We touched on risk versus reward in Tip #1. It’s so important, we should spend more time on the subject.
What is risk versus reward? When we say we are risking something, it means we are putting some up of value for a potential reward. We risk things all the time.
When we get into our cars, we are risking the chances of getting into an accident. Depending on where you live, try driving in Bangkok to get what we’re saying here, the risk of driving and getting into an accident could be high or low. It depends. The risk exists, though.
In sports betting, we risk our money, our hard earned dollars, for potential monetary rewards. So we must weigh the risk against the reward.
Weighing risk versus reward is discovering underlay and overlay opportunities.
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