What Are Sharps in Sports Betting?

If you’re reading this, I assume you’re interested in sports betting. Who isn’t? The excitement of betting on sporting events is what propelled the online betting industry into existence, and still provides the bulk of its revenue. But what exactly are sharps in sports betting?

Sharps (short for “sharply accelerated patterns”) are high-frequency traders who place bets on sports events in financial markets, such as the stock market. Because they place big bets frequently, they have the ability to generate ultra-sharp edge prices that other market participants don’t have available to them. These edge prices can and do make the difference between winning and losing, especially in sporting events with large amounts of money at stake. Sharps can also make the difference between breaking even and making a large amount of money, often times operating on tiny margins of error. The combination of high frequency, large amounts of money, and small differences can mean big rewards for the sharpest traders out there.

So what exactly makes a person a sharp in sports betting? Let’s take a look.

Industry Expertise

The first and most obvious requirement to be a sharp in sports betting is having the expertise of an expert in the field. In order to make money off the books, you will need to know the tendencies of different sports, including the absolute necessities for each sport (i.e. what are the key variables that influence the outcome of the game?). The probability of winning and the size of the bets that can be placed will also be factors, as will the specific game mechanics of the particular sport you’re following.

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Frequency Of Trades

The next requirement for a sharp in sports betting is to have a high frequency of trades. A high frequency of trades makes you a sharp, because it provides you with more opportunities to profit from the bets that you place. Bigger isn’t always better when it comes to increasing profitability, however, as frequent and massive up and downs in price can leave you scrambling for cash at the end. Having a high frequency of trades also means you’ll need to be more alert, because you won’t have time to relaxed and take a break from the action as frequently as possible.

Ability To Take Big Bets

The final requirement for a sharp in sports betting is the ability to take big bets. This isn’t something that most people are naturally equipped to do, which is why most people who get involved in sports betting do so as a way of making extra cash rather than for the true glory and excitement of the game. But for those who do get attached to the thrill of placing large bets on sports, this requirement limits your potential for profit. To be a sharp, you need to be able to take advantage of high prices and large margins of error for large sums of money, because it isn’t everyday that you’ll find these perfect situations in real life.

Being a sharp in sports betting is all about having the right tools and being on the right side of the betting market. The more knowledgeable you are about the field the better, as this will provide you with the tools necessary to make the right calls and place the right bets, regardless of the situation.