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Football Handicapping
For Experts Only
If you talk to ten gamblers there is a good chance you will hear ten
different ways to handicap football. Some suggestions might be
valuable while others are useless. Most football handicapping
techniques will fit into one of the four categories listed below.
• Power Ratings
• Trends and Angles
• Situational Analysis
• Match Up Analysis
Power ratings are used to assign a grade to every team and are
statistics based. Subtracting the power ratings of two teams yields
a mock pointspread which is compared to the sportsbook’s line.
Trends and angles are tendencies that repeat; Teams that have won 2
or more games against the spread are 24-16-4(60%) as an away
favorite since 2003.
Situational analysis measures the impact of outside influences. This
may include the weather, injuries or a mid-season coaching change.
Match up analysis compares a team’s style of play with their
opponents. A position by position analysis might be used.
Basic Power Rating (PR)
Many handicappers use power ratings as the foundation of their
sports handicapping program. The power rating is used to create
unbiased pointspreads. Average margin of victory is the most common
statistic used to create power ratings.
Basic PR = (Total Points Scored – Total Points Scored Against)
/Games Played
Use the power ratings calculated for each team to predict the
outcome of a game.
Pointspread = (Home Team PR - Away Team PR + 3) *-1
Subtract the Away Team PR from the Home Team PR, add 3.0 points for
home field advantage and multiply the result by (-1) to show the
Favorite as a negative number. A negative pointspread indicates a
Home Favorite and a positive pointspread indicates a Home Underdog.
Using the AFC Championship game as an example:
1. Calculate team power ratings.
New England PR = (620 points scored – 294 points scored against) /17
games
New England PR = 19.2
San Diego PR = (457 points scored – 314 points scored against) /18
games
San Diego PR = 7.9
2. Calculate the predicted outcome or pointspread.
Pointspread = (New England PR – San Diego PR + 3) *-1
Pointspread = (19.2 – 7.9 + 3) *-1 = -14.3
We have calculated New England as a -14.5 point home favorite.
Advanced Power Rating
Unfortunately basic power ratings do not take into account a team’s
strength of schedule. A more accurate power rating can be calculated
by averaging opponent PR’s and averaging this number with the team
PR.
Advanced PR = (Team PR + Opponent Average PR)/ 2
1. Calculate opponent basic power ratings.
New England San Diego
Week Opponents PR Week Opponents PR
1 New York (NYJ) Jets -5.44 1 Chicago Bears -0.88
2 San Diego Chargers 7.94 2 New England Patriots 19.18
3 Buffalo Bills -6.38 3 Green Bay Packers 9.76
4 Cincinnati Bengals -0.31 4 Kansas City Chiefs -6.81
5 Cleveland Browns 1.25 5 Denver Broncos -5.56
6 Dallas Cowboys 7.41 6 Oakland Raiders -7.19
7 Miami Dolphins -10.63 7 Bye
8 Washington Redskins 0.18 8 Houston Texans -0.31
9 Indianapolis Colts 10.82 9 Minnesota Vikings 3.38
10 Bye 10 Indianapolis Colts 10.82
11 Buffalo Bills -6.38 11 Jacksonville Jaguars 5.44
12 Philadelphia Eagles 2.25 12 Baltimore Ravens -6.81
13 Baltimore Ravens -6.81 13 Kansas City Chiefs -6.81
14 Pittsburgh Steelers 7.18 14 Tennessee Titans -0.41
15 New York (NYJ) Jets -5.44 15 Detroit Lions -6.13
16 Miami Dolphins -10.63 16 Denver Broncos -5.56
17 New York (NYG) Giants 2 17 Oakland Raiders -7.19
Wild Card Bye Wild Card Tennessee Titans -0.41
Divisional Jacksonville Jaguars 5.44 Divisional Indianapolis Colts
10.82
AVERAGE -0.4 AVERAGE 0.3
2. Average opponent basic power ratings.
New England Opponent Average PR = -0.4
San Diego Opponent Average PR = 0.3
3. Calculate advanced team power ratings.
New England Advanced PR = (New England PR + Opponent Average PR)/ 2
New England Advanced PR = (19.2 + -0.4) /2 = 9.4
San Diego Advanced PR = (San Diego PR + Opponent Average PR)/ 2
San Diego Advanced PR = (7.9 + 0.3) /2 = 4.1
4. Calculate the predicted outcome or pointspread.
Pointspread = (New England Advanced PR – San Diego Advanced PR + 3)
*-1
(9.4 – 4.1 + 3) *-1 = -8.3
After factoring in the opponents power ratings we have calculated
New England as a -8.5 point home favorite.
Weighted Advanced Power Rating
A college football team’s season can last more then four months and
NFL teams will play up to five months if you include the playoffs.
During this time a number of changes can take place and the team you
saw play in September is not always the same team in December and
January. To account for this change weighting a team’s most recent
performances may be necessary.
Accounting for bye weeks the above chart shows that New England and
San Diego played nine games by the end of the tenth week. For
simplicities sake let’s give all games played after week ten twice
as much weight.
1. Calculate team power ratings for the first ten weeks (9 games).
New England PR = (355 points scored – 147 points scored against) /9
games
New England PR = 23.1
San Diego PR = (212 points scored – 185 points scored against) /9
games
San Diego PR = 3.0
2. Calculate team power ratings for games played after week ten.
New England PR = (265 points scored – 147 points scored against) /8
games
New England PR = 14.8
San Diego PR = (245 points scored – 129 points scored against) /9
games
San Diego PR = 12.9
3. Calculate weighted team power ratings.
Weighted PR = (PR 1st ten weeks + PR after week ten + PR after week
ten) /3
Make the denominator equal to the number of factors enclosed by
parenthesis.
New England Weighted PR = (23.1 + 14.8 + 14.8) /3
New England Weighted PR = 17.6
San Diego Weighted PR = (3.0 + 12.9 +12.9) /3
San Diego Weighted PR = 9.6
4. Average opponent power ratings from the first ten weeks.
New England San Diego
Week Opponents PR Week Opponents PR
1 New York (NYJ) Jets -5.44 1 Chicago Bears -0.88
2 San Diego Chargers 7.94 2 New England Patriots 19.18
3 Buffalo Bills -6.38 3 Green Bay Packers 9.76
4 Cincinnati Bengals -0.31 4 Kansas City Chiefs -6.81
5 Cleveland Browns 1.25 5 Denver Broncos -5.56
6 Dallas Cowboys 7.41 6 Oakland Raiders -7.19
7 Miami Dolphins -10.63 7 Bye
8 Washington Redskins 0.18 8 Houston Texans -0.31
9 Indianapolis Colts 10.82 9 Minnesota Vikings 3.38
10 Bye 10 Indianapolis Colts 10.82
AVERAGE 0.5 AVERAGE 2.5
5. Average opponent power ratings for games played after week ten.
New England San Diego
Week Opponents PR Week Opponents PR
11 Buffalo Bills -6.38 11 Jacksonville Jaguars 5.44
12 Philadelphia Eagles 2.25 12 Baltimore Ravens -6.81
13 Baltimore Ravens -6.81 13 Kansas City Chiefs -6.81
14 Pittsburgh Steelers 7.18 14 Tennessee Titans -0.41
15 New York (NYJ) Jets -5.44 15 Detroit Lions -6.13
16 Miami Dolphins -10.63 16 Denver Broncos -5.56
17 New York (NYG) Giants 2 17 Oakland Raiders -7.19
Wild Card Bye Wild Card Tennessee Titans -0.41
Divisional Jacksonville Jaguars 5.44 Divisional Indianapolis Colts
10.82
AVERAGE -1.5 AVERAGE -1.9
6. Calculate weighted opponent power ratings.
New England Opponent Weighted PR = (0.5 + -1.5 + -1.5) /3
New England Opponent Weighted PR = -0.8
San Diego Opponent Weighted PR = (2.5 + -1.9 + -1.9) /3
San Diego Opponent Weighted PR = -0.4
7. Calculate weighted advanced team power ratings.
New England Weighted Advanced PR = (New England Weighted PR + Opp.
Weighted PR)/ 2
New England Weighted Advanced PR = (17.6 + -0.8) /2 = 8.4
San Diego Weighted Advanced PR = (San Diego Weighted PR + Opp.
Weighted PR)/ 2
San Diego Weighted Advanced PR = (9.6 + -0.4) /2 = 4.6
8. Calculate the predicted outcome or pointspread.
Pointspread = (New England Weighted Adv. PR – San Diego Weighted
Adv. PR + 3) *-1
(8.4 – 4.6 + 3) *-1 = -6.8
After weighting the advanced power ratings we have calculated New
England as a -7.0 point home favorite.
Summary
Basic Power Rating = New England -14.5
Advanced Power Rating = New England -8.5
Weighted Advanced Power Rating = New England -7.0
Closing Vegas Line = New England -12.0
New England won the game 21-12 but did not cover the spread as
predicted in the final version of our mock pointspread.
The six point difference between pointspreads that were calculated
using the basic and advanced power ratings was in large part due to
New England playing against average competition. New England’s
deflated play and San Diego’s improved play during the last half of
the season was reflected in the pointspread derived from the
weighted power ratings.
A problem that arises when using statistics is that the sample size
is small for the first few weeks of the season. Power ratings are
most effective after every team has played a couple games. For this
reason we must use trends, situational analysis, and match up
analysis early in the season. These handicapping methods should also
be used to fine tune team power ratings through out the year.
Trends and Angles
Most trends and angles have a small sample size that cannot be
proven valid and usually does not hold water over time. Only use a
trend if it has been consistently profitable over multiple years or
a team trend that you are intimately familiar.
Situational Analysis
Weather – John Madden mentioned on MNF that passing teams had the
advantage over running teams on a slippery field. The reasoning is
offensive lineman and running backs can not get any traction in the
mud. True or not weather should be considered when handicapping.
Motivation – Who would have thought Florida would take one on the
chin from a disappointing Michigan team in the Capitol One Bowl? The
Wolverines had enough fortitude to win their last game for Coach
Carr. Meanwhile the Gators experienced a classic letdown game having
played in the BCS Championship game the year before.
Injuries – Injuries are often over compensated for by handicappers.
Exceptions are cumulative injuries to a specific position or side of
the ball and season ending injuries to Pro Bowl caliber players.
When I say Pro Bowl caliber players I mean Tom Brady or Peyton
Manning. Most winning teams can handle any player loss for a few
games but a long term injury to a team leader can be the cause for a
team giving up after a few losses.
Match Ups
When analyzing match ups we are looking for specific strengths or
weaknesses when comparing two teams. Do not blindly guess and
predict Team A will pass all over the secondary of Team B. Look at
specific games where Team A was successful passing against a team
that had similar talent in their secondary and ran the same type of
defense as Team B.
Final Thoughts
Remember to include returning starters in the equation when
handicapping college football at the beginning of the season.
Mediocre NFL teams that barely make the playoffs often regress due
to having a tougher schedule the following year.
Due to the abundance of sports television networks football has
become a year round pastime. With national signing day, spring
games, free agent signings, the draft and training camp it never
ends. For football handicappers the crowning of the Super Bowl
Champion should signal the start of the next season. Now is the time
to update your statistics database and start crunching numbers
because it will be time to pay a visit or logon to your favorite
sportsbook before you know it.
The Art of Winning
The Mind of the Winning Handicapper
If you visit sports betting message boards you probably have read
more then one sympathy seeking post about the losing streak from
hell and how it’s time for the poster to take a break from gambling.
Usually there is some mention of an endless string of bad beats
often due to one team or player. Of course every handicapper whether
they are a professional or purely recreational sports bettor will
eventually have to deal with a little bad luck. How each person
deals with the ups and downs will ultimately determine how
successful they will be as a sports bettor and in life.
It is important to realize that as a sports handicapper your main
goal is to make a profitable investment every time you place a
wager. Looking at handicapping from this perspective it is easy to
see that sports bettors are not much different then someone who
trades stocks to improve their financial situation. With this frame
of mind it is much easier to visualize what you need to do to reach
your goals and the obstacles that you will encounter.
Inherently most people never plan for failure only anticipating
success. Probably because we are taught during our youth that
anybody can succeed if they work hard. When we fail we are told not
to give up and try again. While I agree with this I think more of us
would be successful sooner if we also planned for failure or had a
backup plan before attempting our initial endeavor.
I can confidently state that most handicappers will succeed if they
use a little forethought and map their path before they start
wagering on sports. The first decision that a winning handicapper
makes is what sport will be used as their investment vehicle.
Choosing a sport you enjoy watching or participating in will at
least ensure that you will approach handicapping in an enthusiastic
manner. In addition you are probably aware of the statistics and
situational factors that determine the outcomes of games for this
sport.
As a winning handicapper you will always be looking for an edge. It
has become more difficult to find value betting the major sports
leagues due to the increasing number of internet sports bettors. To
counter this fad you should be prepared to wager on opening lines
that have not had all the value bet out of them. Specializing in
less popular sports leagues will most likely lead to more profitable
betting. The WNBA and the Arena Football League are good examples.
If you want to take this idea to the extreme try handicapping
curling tournaments or Major League Lacrosse.
After narrowing your search to a particular sport the next step is
to acquire as many resources as possible to study the sport you will
be betting. Thanks to the internet there is an abundant source of
material to use. This may include sports betting forums, fantasy
sports leagues and sports news sites that maintain scores, odds and
statistics archives for nearly every sport. Additional information
can be acquired from books, periodicals, sports handicapping
services and fellow gamblers.
The winning handicapper does not take any theory at face value but
scrutinizes every idea to verify that they will produce a
significant advantage on future wagers. This may lead to a concept
being modified or totally discarded but a system is always
thoroughly tested before real money is wagered. Back testing systems
is an essential part of the process. Any system or trend must be
tested against years other then the time period they were
discovered. If you find a trend that did very well during a
consecutive five year period than it must be tested against
following years to prove it is valid. Ideally testing or practice
betting should be done on live games. If the trend still holds water
you may decide to use it if you are confident that the sample size
warrants faith in it. For handicappers the sample size is usually
measured in games played. It may be necessary to review a
statistical reference to determine if the sample size is sufficient.
After fine tuning and testing your handicapping system against a
database it is time to move to the next stage, deciding where, when
and how much to wager. The winning handicapper makes a list of
sportsbook attributes that they consider important for wagering on
each sport. Finding a sportsbooks that offers odds at a reduced
price is always a benefit. Sportsbooks that have a large square or
recreational customer base are always a good choice. Due to the
public’s tendency to wager on favorites, the winning bettor can find
better odds on underdogs at these sportsbooks.
A sportsbook that offers overnight wagering will allow the winning
handicapper to take advantage of weak lines that have not been
heavily bet. Internet sportsbooks that are slow to adjust their
lines on steam plays or heavily bet games afford the handicapper
time to place a wager without losing value.
A common sports betting rule of thumb is to wager 2.0% or less of
your bankroll on every bet. This is known as flat betting and is
recommended for novice bettors. The winning handicapper calculates
their bet amount for every wager based on their edge. To breakeven a
bettor must win approximately 52.5% of their wagers at -110. A bet
with a 55% expectation of winning gives the bettor a 2.5% edge.
Assume a bettor normally wins 55.0% of the time and has chosen 2.0%
of their bankroll as their standard bet size or unit. If they have a
$5000 bankroll they will wager $100 on most bets. If they calculate
a bet to have a 57.5% expectation of winning their edge has doubled
over their standard wager. They have now doubled their advantage
with a 5.0% edge and a $200 bet is acceptable. Most bettors tend to
overestimate their edge probably because they have not adequately
back tested the system or trend they are using. If you are not
completely confident in your ability to correctly calculate your
edge you are better off flat betting.
Even the most well thought out plan is often thrown aside by
gamblers who are not prepared to deal with winning and losing
streaks. Overconfidence during a winning streak often leads to
betting more than is appropriate. Losing streaks may convince a
bettor to give up and disregard months of planning and work.
You must learn to endure losing streaks that test every sports
bettor’s character and discipline. Having faith in a system that
took a year to develop is not that easy in the midst of consecutive
losing days. This is when it is important to remind yourself that
betting on sports is a long term proposal and fluctuations come with
territory. Before you place a bet convince yourself that the hard
work you completed months before the start of the season will
compensate you for a few bad beats. If you did your homework than
you should be able to persuade yourself that you indeed have a
winning formula and your current losing streak is a normal variance.
There are a number of stress reducing actions you can take to
maintain a winning state of mind such as exercising, not watching
games you bet and avoiding alcohol.
Remember betting on sports is a grind and sometimes it is necessary
to take a break. It’s not easy spending hours at a time in front of
your computer gathering statistics and handicapping dozens of games
night after night. Even if it is just for a few days take some time
to recuperate.
At the other end of the spectrum are winning streaks. There is no
better feeling than consistently winning. Don’t let your self get to
high and keep an even keel. Now is not the time to over estimate
your edge and start betting like a madman. Winning will give you
extra energy and motivation. Take advantage of this good fortune,
continue to educate yourself and improve your handicapping
techniques. Now might be a good time to diversify your sports
betting portfolio and start the process of handicapping another
sport. Remind yourself that this unbroken series of wins will not
last forever and although losing may not be right around the corner
it will be easy to deal with a little adversity if you are prepared
for it.
Viewing a log of your past bets will usually show a series of days
when you sometimes won a little and other times lost a little. There
will be winning and losing streaks some more severe than others. If
you stick with your game plan typically you will find that you have
won more than you lost at the end of the year.
Before you make your next bet make a check list of fundamental tasks
winning handicappers use.
• Choose a sport that you enjoy handicapping and will give you a
financial advantage.
• Exhaust every effort to find the best handicapping method for that
sport.
• Properly test and evaluate your handicapping system without bias.
• Properly size your bet based on your edge.
• Use multiple sportsbooks so you always get the best price.
• Anticipate line movement and bet when the odds are favorable.
• Plan for losing streaks and stay the course.
• Use winning as motivation to continue your handicapping education.
Nobody can account for every possible situation that will arise
during their sports betting career. Experience goes a long way in
avoiding the hazards that trap novice gamblers. Give yourself a head
start by preparing yourself psychologically. Use suitable planning
and competent execution as a foundation to insure your success.
Maintain the right frame of mind and take responsibility for the
financial outcome of your bets. Ultimately picking winners
determines if you are a successful sports bettor but accomplished
handicappers start with a winning state of mind.
What is sharp money?
Professionals versus Amateurs
Are you a professional?
Webster’s Dictionary defines the word professional as,
“participating for gain or livelihood in an activity or field of
endeavor often engaged in by amateurs”. Therefore if you engage in a
venture that you are compensated than you are a professional.
Can a sports bettor be a professional? According to Webster the
answer is yes. Betting on sports is an activity which can be
financially rewarding. In the gambling community professional sports
bettors are characterized as being sharp and amateur sports bettors
are simply called squares.
A more important question to ask is how can I become a sharp sports
bettor? To answer this lets compare the traits of sharp bettors who
are successful and squares who fail.
More than 99% of all sports bettors could be categorized as square
whether they choose to admit it or not. This is because most people
use sports betting as a leisure activity and are blind to the
realities of gambling.
Square bettors wager on sports just to have action. In an effort to
kill boredom or capture the adrenaline rush they get when a team
they bet on covers the spread after nailing a buzzer beating basket.
This behavior is often exacerbated under the influence of alcohol or
peer pressure by fellow square bettors.
This impetus to bet usually leads to a string of bad habits which
ultimately ends with the bettor losing more then they win.
Instead of doing their homework the amateur seeks and unfortunately
takes the advice of sports pundits and friends with a bias. Using
the “what have you done for me lately” system of handicapping the
square bettor will easily lay the points on a double digit favorite
with a two game winning streak without further research.
Consistently overrating their alma-mater and having faith in short
term trends quickly drains the square’s wallet.
The square bettor will place their wagers when it is convenient,
failing to use strategy while disregarding line movement. Hurried
betting minutes before game-time is the norm. Finding the closest or
easiest to navigate sportsbook is more important to the square
bettor then taking time to locate the book with the best line or
price.
This formula for losing is compounded by being oblivious to the fact
that even if they pick the right teams they will not be profitable
over the long-haul without proper money management.
The squares idea of money management is setting aside a small chunk
of cash and betting random amounts depending how they feel about
each game. Inevitably they have a winning weekend. Feeling
particularly confident with the help of a few beers they give away
yesterdays profit after making a losing bet on a sure thing.
Conversely the gambler who had a bad Sunday betting on the NFL feels
the need to chase their losses. Betting on Monday Night Football
becomes mandatory because it is the last opportunity to at least
breakeven before next weekends games.
Another pitfall and favorite choice for square bettors are parlays.
Parlays are a high risk illusion with a payoff to appealing to
resist. Unaware that the odds of winning a three game parlay are not
much bettor then 1 in 10 square bettors eagerly lay down their money
for a chance at a big pay day.
Having failed at previous sports betting endeavors the square bettor
racks their brain for a system that will cure their sports betting
ills. After much contemplation they finally see the light and the
holy grail of sports betting is revealed, progressive betting.
Progressive betting is an inherently flawed method that has been
tried at least once by every gambler. Although there are many
variations of progressive betting the simplest form is to bet the
same amount after each win and double your bet after each loss. The
problem is that even if your base bet is only $10 you will have to
risk $160 after just four losses to win back your original 10$ bet.
While square bettors think they understand what it takes to be a
profitable gambler sharp bettors know how to make sports betting pay
off. Sharp bettors use a combination of study, hard work and
experience to consistently beat the bookie.
There is no randomness to the sharps selections. Each bet is treated
like a deeply scrutinized and calculated investment. The sharp will
only bet when they know they have an edge over the sportsbook.
Instead of guessing sharps make an educated decision using tools
such as power ratings. Power ratings are developed using various
statistics to grade each team. Subtracting Team A’s power rating
from Team B’s power rating provides the sharp bettor with the
probable winner and margin of victory. This calculation is then
compared to the sportsbooks price. A wager is only made if there is
an overlay. The size of the bet is directly related to the gamblers
edge.
The most common statistic used to formulate a power rating is
average margin of victory. The first step is to tally the total
number of points scored and given up by each team. The total number
of points given up is subtracted from the total number of points
scored. This number is then divided by the number of games the team
has played. Almost any statistic that is deemed important to the
outcome of a game can be used to develop or fine tune a power
rating. Power ratings can also be weighted so recent games have more
influence.
Significant trends or angles that have proven profitable over time
are used to adjust power ratings as necessary. The keyword here is
significant. It is very important to ensure that the sample size of
each trend justifies the credence given to it.
Style of play and player match ups are also considered before a
wager is placed. This involves looking for specific strengths or
weakness’ when comparing two teams. This may be investigating the
performance of tall receivers versus short cornerbacks in football
or a basketball team that plays from the perimeter versus a strong
rebounding team.
Outside influences or situational factors are also involved in the
handicapping process. The most obvious example is the weather. Teams
playing outside of their element are often unprepared and negatively
impacted. Team motivation is another situational factor used by
sharp handicappers. Teams that have clinched home field advantage
for the playoffs have little reason to play out the rest of the
season and often rest starters.
All of these variables are used in the handicapping process and
thoroughly tested on historical databases or live games before real
stakes are wagered.
Unlike the square bettor the sharp bettor knows that he will not win
every bet. The season is grind and plans are made accordingly. Goals
are measured is months and years not days and weeks. Winning 55% of
their bets over a twelve month period is considered a very good
year.
Sharp bettors establish a bankroll, an affordable amount of money
that will not adversely affect their standard of living if lost. A
conservative two percent or less of their bankroll is used as their
starting bet size or unit. Sharps determine their edge and varies
the size of each bet based this advantage. This increased edge can
come from a consensus line or an off line posted by a sportsbook
with insufficient two-way action.
Sharp bettors also take advantage of sportsbooks that offer better
odds then the standard ten percent commission or juice charged on
losing wagers. Reduced juice is often used as a short term incentive
to draw in new customer or by high volume sportsbooks who require a
large base of players to maintain their business model.
Sharp bettors will visit multiple local casinos and check the price
at offshore sportsbooks in order to get the most favorable price.
Having at least five sportsbook accounts for bettors who wager on a
combination sports is a necessity and maintaining upwards of twenty
offshore accounts is not unusual.
After in-depth study has determined a set of games that are worthy
of betting and the best odds have been located the sharp bettor
plots their next move. Maybe by waiting the line will shift in the
bettors favor increasing their chance of winning. Sportsbooks desire
equal action in terms of dollars on both sides of a spread,
moneyline or total. Although this is nearly impossible to achieve
some balance does lower the sportsbooks risk. When the money flows
to one side and is unbalanced the sportsbook will move the line.
This is usually in increments of a half point for pointspreads and
totals and by cents on the moneyline. While observing line movement
a sharp bettor may wait until just before gametime to bet or decide
to wager shortly after the opening lines are released if the line
starts to move against them.
Big line moves at sportsbooks known to have high betting limits may
indicate that a wager was placed by a respected sports bettor. If a
wager initiates a line change it is considered sharp money
regardless of the amount bet. If this is the case many sportsbooks
will quickly adjust their line on that game before followers chasing
steam can bet and leave the book exposed. Sharp bettors can take
advantage of steam plays by betting at slow moving sportsbooks or by
re-evaluating their wager if the steam indicates that the sharp
money is betting the other side.
Being a sharp bettor does not have to mean that gambling is your
full time occupation. If you spent two hours laboring to earn the
fifty dollars your about to bet why not spend at least two hours
properly handicapping, calculating your edge and looking for the
best odds. Start by identifying any detrimental betting habits you
have and start thinking like a sharp. Take notes on every wager and
learn what works and what doesn’t. If it at first it seems
overwhelming scale back and specialize on just one sport, league or
team until you get a handle on things. Before you know it
sportsbooks will be adjusting their lines because of your sharp
play. |