There are many reasons why you might want to bet on the odd (number) rather than the even (number) in sports. From having a moral objection to gambling (though this is slowly diminishing) to wanting to game the system and get some tax benefits, the list of reasons why you might want to bet on the odd number is pretty much endless.
If you’re looking to get into sports betting but find the odds overwhelming, then read on. We will cover 7 methods to make your money run. This article will walk you through each method step-by-step so that by the end, you’ll be able to confidently place bets on any sport you desire.
1. Study The Stats
One of the main reasons why you might want to bet on the odd number in sports is because the stats don’t favor the even number. Although there is some truth to this, it’s more of a generalization than anything else. For example, take a look at the last two years of NBA betting. The odds of correctly picking the winner of the championship are 2.7 to 1. This is because the majority of the games favor the home team. However, if you limit yourself to betting on even games, the odds of correctly predicting the winner shoot up to 3.9 to 1.
This doesn’t mean that you should avoid betting on the odds. In fact, it’s quite the opposite. If anything, you should consider this your first option as a gambler. Why? Because stats can always change, and in this case, they have. The 2.7 to 1 odds are now 3.9 to 1 in favor of the home team. In other words, if you’re looking to score big, then you should definitely consider betting on the odd number in sports.
2. Ignore The Crowds
Believe it or not, there is a difference between objective and subjective probability. Objective probability simply refers to the likelihood of an event based on the existing facts and circumstances. Subjective probability, on the other hand, is simply a function of your personal beliefs and expectations about the event. For example, if you think that the home team will always win, then you will have a subjective belief that the odds of them winning will be greatly increased.
While it is always tempting to bet with the masses, you must resist this urge. Just because a lot of people are betting on a certain team doesn’t mean that they are objectively correct. Take the upcoming NBA playoffs for instance. Many people are betting on the Milwaukee Bucks to go all the way. However, the odds say that it’s most likely that the Toronto Raptors will win the series. If you really want to make your money run, then it might be best to wait until after the season to lay your bets.
3. Bet On The Underdog
As mentioned above, stats can always change. This is why it’s best to look at the odds rather than the score. However, this doesn’t mean that you should blindly follow the odds. Sometimes, you can find a team that the books aren’t even considering. These are the underdogs, and usually, they are the teams that nobody thinks will win. However, if you look at the underdogs’ schedule, you will often see that the odds are heavily in their favor. This is when you know that betting on the underdog is the way to go. Sometimes, it simply takes a little bit of research to find these ‘hidden’ teams.
4. Consider Independents
In the 2016 NFL regular season, only three games went to a fourth quarter. Of those three, two of them were between the Indianapolis Colts and New York Jets. In both games, the underdogs won by a landslide. The reason behind these unlikely wins is that the regular teams were distracted by the games’ importance, while the independent players were focused on the game’s result alone. In other words, the margins of error were extremely small in these games, and this is why it’s best to avoid betting on regulars and instead go with the odds in the smaller games.
5. Look At The Conflicts
Every sport has situations where a game is tied and neither team seems likely to win based on the initial score. In these situations, you might want to consider taking a look at the conflicts. These are the bets that don’t have an obvious favorite because the score doesn’t favor one team or the other. Conflicts are usually a pain to research, but if you’re looking to make your money run, then you might as well do your research before placing your bets.
6. Study The Public
Another important thing to consider when betting on the odd number in sports is how the public is betting. In some cases, you can find that most of the public is betting on the favorite. In other words, if you want to make your money run, then you might want to avoid these odds as much as possible. If you’re looking for an easy way to gamble, then these are the kinds of games where you should pull the trigger. However, if you want to make your money last, then it might be best to avoid betting on the favorites in sports.
7. Check The Prizesship
In some cases, a game’s result doesn’t favor one team or the other based on the score. However, the actual winner is chosen based on a complex set of rules and regulations called a prizesship. This is why it’s important to do some research before placing your bets. Checking the prizesship is a fairly time-consuming process, but if you’re looking for a way to game the system and get rich, then this is the route for you.
Now, some of you might be thinking that all of this information is well and good, but what’s the use if you can’t actually make money from it? Can’t we just lay down some basic rules about sports betting and follow them blindly?
Unfortunately, this is not possible. Although the odds might look favorable, this doesn’t necessarily mean that you will win. As mentioned above, the key to making your money run is by studying the stats and using them appropriately. Sometimes, you can find a team that the books aren’t taking seriously. In other cases, you might find that the regular teams aren’t playing up to their potential. If you want to make sure that you’re actually going to win, then you might have to do some research (or ask someone) to find out how the game’s supposed to be played.
Hopefully, this article was helpful in giving you an idea of how to make your money run in sports. Keep in mind that this isn’t a get-rich-quick scheme. However, if you’re looking for a way to simply make some extra cash, then sports betting could be the answer. Just make sure that you’re putting in the necessary research before placing any bets.