Lately, I've been using a simple strategy in sports betting by spotting lines that are overvalued or undervalued, which could easily attract public bets.
Isn't this the same as contrarian Indicators where your bets are against the public?
Sort of, but not totally a full fade the public strategy as sometimes the public bets win.
In betting, I don't need to bet on all available games on the board, I just select a game that is more popular than the other as that will attract a lot of bets, and that way, and most importantly, if the line is quite suspicious that it would easily attract public bets, I would go on the other side.
I'm not saying that this strategy work all the time, it doesn't work in gambling, right? What I observe with this is that it work most of the time, and that's all I need, and together with a good bankroll management, I guess I will be profitable in the long run.
Based on my record, I've had some success using this strategy. I realize that looking at stats alone to determine which team is better will not work. As gamblers, we have to do what others are not doing. A typical gambler will just look at the stats to determine the better team; they don't complicate things or consider other factors, which sometimes leads them to fall into traps.
It's good that you have records on this strategy and that you can conclude that it works. So if anyone is looking for something new to try out, they can just use this as evidence. And truly, a gambler has to do what others aren't willing to do, it will require thorough research and it takes a lot of time that's why I think most of us just look at the stats and then place our bets.
Record is necessary if we like to be updated with our performance, and this record should be free from bias, that we will right the correct result and compute the real percentage of winning. As long as I'm at 55%, I think that's already a great percent to maintain.
So, guys, this is just my personal observation. Tell me if I'm overthinking, if I'm wrong about this, or if this really is the key to winning.
This doesn't look like over thinking to me. How can you be wrong about it when you have your records. What I will added is that one must be flexible about this too. If there research turns out to be that spotting overvalued or undervalued lines may not work, then they should place their bets based off on what works which is their findings.
I feel a bit of that since I'm still new to this, I think I need more time to really determine if the strategy is working, if not then I'm just overthinking. LOL