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п»ї9 Sports Betting Facts You Need to Know to Win.
Do you have a system that you use every time you bet on a sporting event? Do you have certain things that you look at before placing a bet, or do you just guess which team is a better bet?
Don’t worry if you don’t use a system or if you’ve been guessing about the best team to bet on. You’re getting ready to learn several facts that are going to help you stop guessing and start winning more sports bets.
The nine facts about sports betting listed on this page are going to make sure you know how to stop guessing and taking chances and start winning.
1 – Value.
Why do you bet on sports? This seems like a simple question, but the answer is important. If you answer it one way, there’s almost no chance that you’re ever going to be a winning sports bettor. If you answer it a different way, you have a chance to win. It’s not a big chance, but at least you have a chance.
The reason why I opened this section with that question is because the majority of sports gamblers say they want to win, but they don’t win because they never do anything that they need to do to give them a realistic chance to win.
This means that you can’t bet on your favorite team, or on the most popular team. You have to look at games and teams in a way that helps you find value.
And to find value, you not only have to look at teams, but you also have to look at betting lines. You can’t find value without doing both. You have to look at the lines and then see if one team or the other offers value based on the line and the cost of making a wager.
2 – Moneyline Facts.
Betting on the moneyline is the easiest way to get started, because you don’t have to worry about the final score. As long as you can pick the team that wins the game you win your bet. But just because it’s easy doesn’t mean it’s profitable.
In the first section you learned that value is the most important thing, and when you make a moneyline bet you have to compare the cost of placing a bet and the possible reward with the chance you have of winning.
Just because a team is heavily favored to win doesn’t mean that team is a value moneyline wager. Often the value on the moneyline is on teams in games with close lines. Learn how to find value on the moneylines instead of risking too much for too little return on high cost bets.
3 – Total Facts.
Some people call these over under bets, because betting on the total is a bet on whether the combined scores of the two teams is going to higher or lower than the number set by the sportsbooks.
And just like what you learned in the last two sections, the total line doesn’t offer value by itself. It can only offer value once you evaluate the teams playing in the game.eee.
If you’re new to sports betting, or aren’t winning as much as you want yet, I recommend staying away from the total. It’s one of the hardest betting options to make consistent money on for inexperienced gamblers.
But I don’t want to leave you without a couple tips in this section. The two main tips want to share are that if the public looks at a total and thinks the good bet is on the over, the only value to be found is going to be on the under. And on the other side of this, if the public looks and thinks the value is on the under, the only possible value is on the over.
In simpler terms, if two teams that score a lot of points are playing, the public thinks the over is the best bet. But the truth is that if there’s any value on the game, it’s on the under.
4 – Run Line and Puck Line Facts.
One mistake that many gamblers make is avoiding the run lines in MLB and the puck lines in the NHL. They avoid them because they don’t understand them.
The first thing you need to do is learn everything you can about how run lines and puck lines work. These lines offer a great deal of value once you understand them. Take the time to learn about them, and you’re going to be able to find value almost every day in the NHL and MLB.
5 – Point Spread Facts.
The final type of bet you need to know about is a point spread wager. This are the most common form of betting line and one team gets points and the other gives points.
The key with betting on point spreads is the same as any other bet. The only bets you should make are the ones where the point spread offers value on one team or the other. Every line doesn’t offer value; so many games shouldn’t be wagered on.
Determine which team should win, and by how many points. Then look at the point spread to see if there’s value on one team.
6 – Pro and College.
This is an important fact that many sports bettors miss. Professional and college sports are quite different. This is especially true for sports bettors.
You can’t evaluate college and pro teams the same way. Some things are similar, but not everything. If you’re betting on both college and pro games, you have to evaluate them alone. Just because something works betting on a pro team doesn’t mean it’s going to work betting on a college team.
7 – Handicapping and Evaluation.
I keep stressing the importance of value when you bet on sports, but how do you identify value? The way to find value is to learn how to evaluate and handicap players, teams, and games. This takes quite a bit of work, but it’s the only way to find value.
The way to get started is to look at available statistics and start using them to help you predict scores of upcoming games. Keep working with different stats to develop ways to evaluate games consistently. Watch game to see things that the stats don’t show, and use this knowledge to adjust your evaluations. This is how you learn how to become a winning sports bettor.
8 – Specialists Win More.
If you want the one secret fact that can instantly turn your sports betting results around, it’s this. If you want to win more you need to stop betting on everything and anything and start specializing.
Specialize in a small enough area that you can become a true expert. It’s not enough to pick a single sport. Pick a sport and then pick one conference or a small group of teams, and then become an expert.
Specialists make more money in every profession. Become a specialist sports bettor and you’re going to make more money too.
9 – The Truth About Sports Betting Systems.
Here’s the cold hard truth about betting systems. You need a betting system of some type to be a consistent winner, but you can’t buy a system from someone else. You have to learn how to develop your own sports betting system.
The reason why you can’t buy a sports betting system is because they usually don’t work, and if they do they aren’t going to work for long.
You need to learn how to handicap and evaluate games like I covered in an earlier section. When you build your own system you know what works and what doesn’t work, and why it works or doesn’t work. You keep building and adjusting and refining your system over time.
This is the only way to be a winning sports bettor. You use the same system every time you evaluate teams and games so you have consistent results that you can track.
Conclusion.
Now that you know the most important nine facts about sports betting, you can start using them to improve your results starting today. Focus on value, which requires both proper game evaluation and the lines offered by the sportsbooks.
You need a system or model, but you don’t need on that someone is trying to sell you. Become a specialist if you want to make more money, and learn about every type of line and bet you can make. Use these nine facts to start winning more now, and keep using them to continue winning for the rest of your life.
7 Interesting Facts About Sports Betting.
It’s no secret that the sports gambling industry is in the midst of what some might call a Golden Age. Since around 2015, as daily fantasy sites took off and legal restrictions were slowly peeled back, gambling has become more accepted among the public than at any time in the past.
Some individuals remember a time when betting on sports had to be done through a bookie or a shady offshore website. Now, betting on sports can be done legally through any number of apps you can download on your phone in seconds.
In addition to the accessibility of sportsbooks, the sports gambling subculture has even made its way to primetime television programs on the biggest networks in sports. Bottom line tickers even provide information on betting odds. In short, sports gambling has revolutionized the way future generations will consume sports.
Regardless of your opinion of gambling, it’s likely that it’s here to stay. In this article, I’ll lay out seven facts you may or may not have known about the sport betting industry.
1 – Football Is King.
This may come as no surprise, but football, specifically the NFL, is the most frequently bet sporting event in terms of both money and overall participants. But how big exactly is the football betting footprint in American sports gambling?
Behind football is basketball, which sees about 30% of the total action (the football vs. basketball comparison might be closer than you expected). Behind that is baseball, which receives 25% of all sports bets.
2 – Sportsbooks Thrive in September.
I’ve already confirmed what you probably believed to be true in the first place; football betting gets a lot of action. Another reality, one much more unfortunate, is that it’s also the biggest money-maker for the sportsbooks – especially in September. How good exactly is September for the books? Let’s just say they make more than in October and November combined.
When you think about why the books are disproportionately successful in September, it’s not difficult to come up with a few reasons. First, the late summer months are slow betting months. Some gamblers love the odds baseball presents, but the general betting public isn’t as keen on the sport.
The second reason is that people are simply excited about watching and betting football. Almost every American sports fan, bettor or not, looks forward to start of the football season like a child looks forward to Christmas morning. For the sportsbooks, it’s better than any holiday.
The last reason sportsbooks are so successful in September is that people go full-tilt betting on football but simply don’t have much reliable data to use when making their picks. Early in the season, both the NFL and college football are at their peak of unpredictability, and sportsbooks use the bettors’ bias from the previous season against them.
3 – It’s a Huge Industry, and Continually Growing.
As legalization spreads and public opinion has begun to shift, the money wagered reflects the enthusiasm.
According to the sports business journal, $4.9 billion dollars were wagered on sports in 2017…and that’s just in Nevada! The number is significant, but it’s even more impressive when you consider that’s a 440 percent increase from the total amount of money bet on sports in 1984. Amazingly, this still only accounts for 2.15% of the state’s casino winnings.
Experts are predicting a growth of roughly $10 billion per year, which means it’s expected to reach nearly $60 billion in 2020. And those are the conservative numbers.
While there isn’t any reliable data to prove it, there’s no question that tens of billions more dollars are bet each year in illegal gambling that isn’t being tracked by a specific entity.
4 – Everyone (okay, almost everyone)
Obviously, determining what percentage of the population bets on sports doesn’t have an exact answer. People gamble in various ways, and it isn’t always trackable. However, most estimates will suggest that nearly 80% of the population has, in one way or another, bet on sports.
While this 80% number seems high, keep in mind that fantasy games are included in the metric and this can account for a significant percentage of the people who you wouldn’t consider typical sports bettors. But, if money is risked in the hope of winning more money, that constitutes gambling.
5 – Legality Is Growing Constantly.
It wasn’t in the too-distant past that sports gambling was illegal across the board in states other than Nevada. What once seemed like a longshot proposition is now becoming a reality in dozens of states across the U.S.
As of fall 2019, ten states (Nevada, New Jersey, Delaware, Mississippi, West Virginia, Pennsylvania, Rhode Island, and New York, Iowa, and Indiana) have fully-legalized sports betting.
Nearly every other state is in the process of reviewing legislation, but it’s reasonable to expect several more states to fall in line with the legalization movement over the next couple of years.
All of the transition begs the question, “What does this mean for bettors?”
The answer depends on if you were already gambling underground beforehand. If you were already placing bets through an offshore site or a private bookie, you can benefit from the higher standards that come from legalized gambling. Although private bookies certainly have an interest in maintain a reputation as a fair place to bet, the lack of regulatory powers meant that anything could happen.
Legalization obviously opens new revenue streams for casinos and gambling companies, and the state will certainly be taking their cut as well.
Only time will tell how thing will play out as all sides undergo the growing pains that inevitably come with legalizing something that has soon long been carried out undercover.
6 – Live Betting Is Bigger Than You Think.
If you didn’t get your picks in before the start of the game, you’re not alone! Statistics show that nearly 25% of the money bet on sporting events is wagered in-game. Live betting, meaning bets placed while the competition is in progress, is becoming more popular as online sportsbooks make betting in real-time easy and convenient.
Some individuals use live betting as a way to recoup losses from bad bets placed before the game, but others use it as a way to make more educated plays based on the information they’ve learned from what they’ve already seen in the game.
Next time you’re feeling unable to make a decision before the game begins, consider giving live betting a shot…everyone’s doing it!
7 – Looking to the Future.
On the opposite end of the spectrum from live betting is futures betting.
For example, betting on who will win the Super Bowl during the middle (or beginning) of the season, choosing the eventual MVP of a league, or which team will win the pennant are all examples of common futures bets.
These types of bets can be extremely appealing to gamblers because they are enticing for those bettors looking to place high-value bets. In many cases with futures bets, even the team or player with the best odds will still be in the plus-money, meaning you can win more than you risk if your bet hits.
One casino in New Jersey reported 5% of all betting money was on a futures play. While that doesn’t seem like much, that still translates to millions of dollars for the book (and a few dollars for the winners).
Conclusion.
It will be fascinating to see how legalization impacts a practice that has been going on since the dawn of competition. Without question, the evolving landscape will provide opportunities for bettors and sportsbooks alike that could only have been dreamt about years ago.
5 Fascinating and Fun Facts About Sports Betting That You Need to Know.
Did you know that the U.S. sports betting market is worth upwards of $150 billion? Did you know that, up until recently, almost all of that money was bet illegally?
These are just two of the fascinating and fun facts about sports gambling that are coming to light now that sports betting is legal in about 20% of the country. There are lots of other facts about sports gambling that you should know if you’re interested in the U.S. sports betting market, too.
Check out five fun sports betting facts below.
1. Most Americans Have Gambled at Least Once in Their Lives.
While the U.S. is just coming around to the idea of allowing sports gambling, it’s not a secret that Americans have enjoyed gambling for years now. In fact, about 85% of people have admitted to gambling at least once in their lives.
This number includes people who bet on things other than sports. But it shows how infatuated the U.S. as a whole has become with gambling of all kinds.
2. More Than 50% of People Gamble at Least Once Every Year.
There are many Americans who only gamble once in a blue moon. But about 50% of people say that they gamble in some form or fashion once every year.
Additionally, about 30% of people gamble at least once a month and about 15% gamble at least once a week.
3. People Bet a Lot of Money on the Super Bowl Every February.
The Super Bowl is one of the most popular sports betting events of the year. In 2019, Americans were expected to bet more than $6 billion on the game.
Some people bet on the outcome of the game. Others bet on things like the length of the National Anthem before the game and the number of songs played during the Super Bowl Halftime Show.
4. Football Is the Sport Americans Bet on Most.
Americans don’t just bet on football when it comes to the Super Bowl. They bet on football pretty much anytime a football game is on!
As a result, football is the most popular sport to bet on in the country. About 36% of all sports bets that are made throughout the year are made on NFL and college football games.
That puts football in the lead against basketball, which makes up about 30% of all bets, and baseball, which pulls in right under 25% of all bets.
5. Bookmakers Make the Most Money on Football Bettors in September.
If you’re planning on betting on NFL and college football games this September, here’s one of the most interesting fun facts about sports gambling to consider: Bookmakers never lose in September. Over the last five years, they’ve won more money in September than they’ve won during the months of October and November combined.
This is partly because sports bettors tend to save up their money during the dry sports betting months of July and August in preparation for September. They have more money to spend than usual in September.
But it’s also partly because sports bettors are so excited about the start of NFL and college football that they don’t always make the most educated bets in September. You can avoid this by buying sports picks that will give you an edge throughout September and beyond.
Keep These Fun Facts About Sports Betting in Mind While Wagering.
These fun facts about sports betting illustrate how much Americans love betting on sports. They also show how popular betting on football, in particular, has become in recent years.
If you’re going to bet on football this fall, make sure you have a plan in action so that you don’t end up on the wrong side of too many bets. Purchase sports picks from a professional sports handicapper to gain an advantage.
Invest in one of our football sports pick packages before placing bets on NFL and college football games.
Sports Betting - Statistics & Facts.
The global gross gaming/gambling yield amounts to more than 400 billion U.S. dollars each year. Gross win from gambling represents the amount of money the gambling operation keeps from the customer’s stakes, wagers, bets etc. less the winning paid out to the customer and before deducting operating expenses. With about one third of the global gambling gross win, Asia is the biggest market for gambling and sports betting in particular. Probably the fastest growing segment of the industry is the online / interactive category, as the global online gambling market has grown at a consistent rate over the last few years from around 20 billion U.S. dollars in 2009 to more than 40 billion U.S. dollars by 2016.
Sports betting services are provided by companies such as William Hill, Ladbrokes, bet365, bwin, Paddy Power, betfair, Unibet and many more through their websites and in many cases betting shops. In 2015, William Hill generated around 2.37 billion U.S. dollars in revenue with about 13.26 billion U.S. dollars in total being staked / wagered with the company.
According to a Statista survey, almost 50 percent of people 18 years and older in the United States have placed a bet on a sports event at least once in their life. That share is even higher amongst those that watch at least some March Madness games.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Interesting statistics.
In the following 8 chapters, you will quickly find the most important statistics relating to "Sports Betting".
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