Whether you’re betting on a team to win, or how many home runs a player will hit, sports betting can be extremely profitable in the long run if done correctly. However, it’s not a get-rich-quick scheme; winning at sports betting requires in-depth research, knowledge of the game, and discipline. Here are some of the most common myths about sports betting:
Sports betting has exploded across America since the Supreme Court struck down the Professional and Amateur Sports Protection Act in 2018, with legal sportsbooks popping up where state laws allow. Whether you’re a casual fan or a diehard, the popularity of sports betting adds another layer to NBA games and NFL Sundays beyond wins, losses, and playoff races.
Point spreads, or lines, are a way for bookmakers to balance the betting action on two teams by making one more likely to win than the other. This is accomplished by adding or subtracting points from the final score of each team. Using social media trends, public betting percentages, and sports forums, bettors can track these shifts in odds and use them to their advantage.
Despite what you might see on social media, professional sports bettors don’t have it easy. Even the best handicappers only make a living at about a 50% hit rate, which means that there’s no such thing as guaranteed profits in sports betting. Instead, it’s all about smart bankroll management and patience. The key is to focus on a sport you’re passionate about, and spend time studying the league, its players, and its trends.