Success in sportsbetting, even for the best of the best gamblers, is hard to sustain over a long duration. This is because of several reasons, one of which is that bookmakers often use certain strategies to ensure that they always have some sort of advantage over you. To master the art of beating your bookies on a consistent basis, you need to learn about how to overcome this advantage. In this article, we will help you understand this advantage and explain to you how to beat it.
Tips On Better Understanding The Bookmaker’s Advantage
Understanding the Bookmaker’s Advantage
The most elementary price behind bookmaking is that bookies adjust the odds of any given event such that they take more money from the bettors than what they eventually pay out. Obviously, bookies cannot control the outcomes of sportsbetting events, but they can sure control how much they stand to lose or win on any given result. This is where the art of bookmaking comes in, as the bookmakers set the odds for all the wagers they lay, which in turn allows them to ultimately make profits.
The basic technique used by bookmakers to tailor odds in their favor is by including a vigorish, also known as margin, juice, or the overround. This vig is built into the odds such that a commission is charged for laying bets, so irrespective of an event’s outcome; profits are guaranteed for the bookies. The Bookmakers don’t always win money on every single market or event they price up, but this mathematical advantage ensures that the bookies win money in the long run.
Beating the Bookmaker’s Advantage
Success in beating the bookmaker’s advantage heavily relies on the ability to assess the real value of events in the market. The more you are able to judge and identify the vig, the easier it will be for you to place more good than bad bets. And contrary to popular belief, a good bet is not just betting on what you think may happen, making a good bet entails you being well-skilled at identifying sportsbetting opportunities that represent good wagering values. The better you get at identifying the bookmakers advantage, the better you will be at identifying good betting opportunities, and the better gambler you will become over time.