Much like stocks on Wall Street, the sports betting market is fluid. Lines can vary based on the sportsbook, because different books have different clienteles. As a result, one book may post the Cavs -8 while another has Having access to more than one sportsbook allows you to shop for the best line.
Getting an extra half-point might not seem like a huge deal, but it adds up over the long haul and increases your chances of winning. Our live odds pages will automatically surface the best line for every game. These are all a good thing to know, and it can allow you to maximize your winnings. Check it out for free here. Sports Betting. Best Books. Action Network Staff. Download App. Read now. Action's Preferred Sportsbook. Bet Now. BetSync book. Get refunded in free bets if it loses.
Top Offers. Bet Over 0 in Lakers-Nuggets. Follow Us On Social. Sportsbook Reviews. Sports Betting Calculators. How to Bet On Sports. Betting Education. Top Stories. To calculate winnings on fractional odds, multiply your bet by the top number numerator , then divide the result by the bottom denominator.
Odds correlate to the probability of a team winning, which is the implied probability. A favorite has about a To calculate implied probability, use the following formulas:. As a responsible bettor, it is important to understand proper bankroll management. Your payout includes your potential winnings, plus whatever you bet originally. Sports Betting. Best Books. Bet Amount. Bet Type Single Bet Parlay. American Odds.
Fixed Unit Model For beginners, it is recommended to stick with a fixed unit approach. Basically, this approach is that you bet one unit and one unit only on each and every wager regardless of any other factors such as the odds or your confidence level. Percentage Model The percentage model is another popular option. However, that upside also carries a downside. Variable Models There are also some variable models that take into account your level of confidence in a wager or the potential return of a wager.
By using confidence levels, one may choose to risk 1 unit on lower confidence bets, 2 units on medium confidence bets or 3 units on higher confidence bets. This method causes you to risk more when betting on favorites and risk less when betting on underdogs a line would have you risking 1.
The toughest part of this model is that it relies heavily on how accurate you are in determining these win percentages in order to be successful and there are various other versions of it. A Unit is something every sports bettor should become familiar with.
Without a system in place, the inconsistency in wagers often leads to one burning through their bankroll. Kyle Kontos is a featured writer at BettingPros. For more from Kyle, check out his archive. What is a Unit in Sports Betting? How Much Should a Unit Be? You might win a whole bunch of money ….
The intention of a hedge is generally to guarantee a profit, or at the very least, to reduce or eliminate the potential loss. You can either let your bet ride i. For example, in order to justify a bet, you must think that your bet has at least a So in the Kansas example above, the mathematically correct decision would depend on whether you thought there was at least a For example, if your original bet was incredibly unlikely at the time, and hedging still leaves you with a life-changing amount of money regardless of the outcome, it probably makes sense to hedge — again, even this scenario is going to depend on your willingness to take risks.
Hedging is most often associated with future bets. Sports Betting. Best Books. Pictured: Bryce Brown. Danny Donahue. Download App. You might win a whole bunch of money … Unless, of course, it loses.
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