Most punters like betting on the sports that they are fans (and 22bet is a good bookmaker to place their bets). It is not rare for a gambler to stake on a game due to how the media publicizes its finals. However, most of the punters are fanatics of a particular sport and wants to use the knowledge they have over the game or its participants to pocket some cash. Generally, it is among the underlying force behind the placement of a bet. It is a way that a fan can be part of the action in the game.
It is important to note that gambling is all about computations. If you are conversant with the calculations behind the game, then you understand the game, and that gives you an edge. The calculations are more sophisticated in sports betting. But to what extent are they complex? The sophistication is in the placement of a wager that can result in a win. However, staying ahead of the sportsbook is relatively easy. If you can bag 52.4 per cent of your wagers, then you are sure of a break-even.
Is Sports Betting Math important?
Most bettors have the mentality that they only need to read the information on the game they bet on and get real-time updates for them to win. Doing that may give you some random wins, particularly if you adhere to simplicity and ensure that you stake on lower odds like less than two selections. However, doing the math the right way could boost your chances of winning. Professional bettors use statistics and computations. Moreover, some solely depends on calculations. Below are tips to win at sports betting through the use of math.
1. The house does not win all the times
The best way to emerge victorious over the house is to claim a bonus. Understanding the computations comes after finance management. If you do it properly, you are in a better position to know the amount that you should stake in a week and month. Besides, you know how much you should wager per bet. On the other hand, math will assist you in selecting the right bets. Whenever you are carrying out your calculations or to identify a wager that is a great deal when it comes to odds, you should always know that the sportsbook is on the other side. It tries to pocket as much money as possible.
The statement ‘the house always wins‘ is common in the streets of betting. Although it holds some truth in it, it does not mean that every bettor is losing funds to the bookmakers. Bookies are successful only when a substantial population of the players loses their money. Of course, they let some to make cash. In simple terms, you should not have concerns over the success of the bookies. When you do your math correctly, you can as well pocket good profits.
2. Understand the Vigorish
The sportsbooks are indeed profitable. But where do they get their profits? Traditional betting companies earn via vig, which is vigorish in full.
Take an instance where you stake on a match that has two teams with equal chances of emerging victorious. In such a case, your money should get a two times multiplier when you stake on a single team. Arithmetically, if there are two options with equal probability than the likelihood for every option to occur are 50 per cent. It means that the odds for every option should be evens. That is 1/1 or 2.00 on both sides. But bookmakers won’t give that but rather offer a lesser odd, for example, 1.91 for one team and 1.94 for the other.
For an evenly matched game with a 1.80 odds for both outcomes, one player pockets 91% while the other loses 100%. That is a 10% average for each bet.
The variance between the odds that a bookie offers and those that should be provided is known as the vigorish. The best explanation is when there two options are equal. But the scenario is the same in all wagers including in under/over and map betting.
If you take a situation where the sportsbook offers odds of 1.94 for two evenly matched options, the vig is 4 per cent. That is the approximate profit for a bookmaker in the longterm.
3. Go for the best bookie
A comparison of vigorish helps you in the identification of the bookie with favourable odds.
Take an example of the odds by the following three bookies on two teams A and B.
- Bookmaker 1
- Bookmaker 2
- Bookmaker 3
Bookmaker three has the lowest vigorish, which denotes the lowest profits. Therefore, it is the best option for bettors. However, if you have strong believed that team A will emerge victoriously, then you should consider the first bookie. Moreover, the second bookmaker is suitable if you think team B will win. Punters should always compare the odds both in general and for specific matches.
4. Use math when taking bonus offers
Punters also need to apply math in bonuses. Most of the bookmakers give offers. However, some bonuses are unfavorable, and the amount is not the sole factor to consider.
If a bookie A that offers a 400 dollar while bookmaker B gives $600, it is not direct that the second offer is better. The first bonus could be a 100 per cent match while the second one could be a 50 per cent match. It means that with a deposit of 400, you can get the first the one. However, you will need to deposit a minimum of 1200 for you to claim the second offer in full.
Additionally, there is a wagering requirement which varies among bookmakers. The condition could be that you wager the bonus amount before you can cash out your winnings. Others may require that you wager both the bonus and the deposit.
Perhaps you have noted that comparisons are fundamental when you are doing your sporting math. You pick a figure and compare it with another to determine the most favourable for your case. If you happen to incorporate more figures into the equation, the principle does not change.