The legalization of sports betting in states like New Jersey has made almost every betting site a hot topic of conversation. Now that the dust has settled after a long night of betting, it’s a good opportunity to take a closer look at how we, as sports fans, can use data to our advantage when betting online.
The Growth Of Online Sports Betting
The betting business is now big enough to support hundreds of online sportsbooks, offering odds on games from all the major sports. The growth of online sports betting in the US has been nothing short of phenomenal. In fact, sportsbooks handle a record-breaking number of bets per day, averaging around 150 billion per year. This figure represents a rise of 23% from 2015, which itself was a rise of 15% from 2014. According to the Internet Advertising Bureau, US internet users clicked on an online sportsbook or online casino advert 10.2 billion times in 2016.
What Is Online Sports Betting?
There are several ways to view online sports betting. Most people will bet on a few games per day, looking to win or lose a few pounds. Others will use online betting as a source of information, researching trends and statistics in order to make better betting decisions.
Which Type Of Betting Do You Need To Focus On?
People who are new to online sports betting should start off small. It’s always a good idea to join a reputable sportsbook that limits the amount of money you can lose. The key is to learn how to control your impulses. Set a budget and stick to it, using small bets to learn the ropes. This will help you avoid the many pitfalls that come with bigger bets. Besides, you can bet on the results of games that have already been played, which is more convenient than trying to make guesses about the outcome of games that are still being played. After a while, you can graduate to making bigger wagers, within the parameters of what your bank allows. This is especially useful if you’re trying to make money from your smartphone, as mobile data limits sometimes prevent users from placing larger wagers than they are allowed.
Predicting A Winning Betting Site
Once you’ve joined a sportsbook and made a small amount of money, you can start to look for opportunities to make additional profit. One way to do this is to look for underdogs, which are sports teams with a low chance of winning. These teams are often the result of a merger or acquisition, with one corporate owner taking on a whole new roster of players. Naturally, the owners and their backers want to see the team win, so they offer better odds on them. Sometimes, you can bet on the amount of public support a certain team receives, with the home team typically having the better odds. If you’re looking for a safe and secure place to place your bets, check out the online betting websites that have been vetted and recommended by reputable sources. There are a number of different tools that can be used to determine the winning probability of a team or a player in an individual game.
Predicting The Winner Of A Soccer Match
One of the more popular games to bet on is soccer. The odds for any given game are usually very high, with the favorite team to win usually having the shortest odds. This is mostly the case because there are so few points in a game, with teams usually only going into overtime if the score is still tied. Aside from the low number of points, soccer also has one of the lowest winning percentages in all of sports. In 2016, only 2.3% of games ended in a tie, while 44.8% of games ended in a victory for one team and 45.2% for the other.
When To Bet On A Game?
You’ll usually want to bet on a game as soon as possible after it has been made public. The reason behind this is that, as soon as the game starts, the lines will start to shift, as players from both teams try to figure out what is actually going to happen. It is nearly impossible to predict the outcome of a game that has not yet begun, with all the moving parts that go into it. Aside from the fact that it’s difficult to get accurate odds without all the information, you’ll also have a whole day or more of betting, trying to get your money back if the game ends in a tie.
Which Events To Watch?
Aside from individual games, you’ll also want to keep an eye on the bigger events that take place throughout the year. These are the types of events that you might enjoy more, as you’ll be able to follow them closely and learn about the outcome that day. Major sporting events like the Super Bowl, World Cup, and some NBA Finals are often covered by bookmakers, providing you with the chance to bet on them. College football and college basketball are also popular seasons for betting, with the NCAA tournament bringing in millions of dollars in bets each year. Look for these events and follow them closely, as you’ll have the chance to make a fortune if you know what is going to happen. It’s definitely not an easy way to make money, but it’s definitely worth it.
Where Can I Place My Bets?
Once you’ve decided which sportsbook you want to place your bets with, it’s time to move onto the next phase of setting up a betting account. Most reputable sportsbooks will allow you to place a wager from almost anywhere in the world, meaning you don’t actually need to be based in the US to take advantage of the books’ amazing offerings. As long as you have an internet connection and a microphone, you can place bets from anywhere in the world. The growth of mobile gambling has allowed sports fans to do their betting from the comforts of their homes. While it still involves some legwork to place a bet from your phone, it’s a whole lot easier than having to go to a land-based sportsbook. The convenience for the consumer is certainly a big draw, especially if you’re trying to make a living online. Mobile sports betting in the US has more than doubled in 2016, rising from 9.6 million mobile users in 2015 to 20.8 million in 2016. In 2016, 20.8 million US adults accessed gambling sites on their mobile, compared to 9.6 million in 2015. This was a rise of 77% in just two years.
Final Takeaway
The legalization of sports gambling in the US has opened doors for people who want to make a living from their passion for sports. Many people who entered the market saw a steady stream of income, with some regularly making six-figure salaries. There are plenty of opportunities for those who want to make a living from betting, with the world at their fingertips. Using data and statistical analysis to determine the winning probability of a game or a team is a good place to start. If you want to make the most out of your betting experience, use a mobile phone and the thousands of apps available for download, as well as the online communities that exist for those who use them. Whether you’re a long-time sports fan or have recently become interested in sports betting, there’s a good opportunity for you to make some money from the excitement of the games and the odds that are presented to you.