Most sportsbooks will provide you with a traditional odds of -105 for the favored team. However, there is a way you can get much better odds by placing a lay bet (wagers on opposing teams). In some cases, you can get odds as low as -160 or even -180. This is called a 3 betting light bet (or three-way shot) in sports betting circles.
How Does It Work?
This is a complicated subject, and you need to be sure you are properly prepared before trying it out. First, you will need to learn how to place a lay bet. After that, you can move on to the next step.
A lay bet is quite simply an opposite wager to a traditional sports bet. If you are making a wager on a sporting event such as a horse race or a football game, then you will typically lay cash money on the spread. The spread is the amount you are wagering on your favorite team minus the amount your are wagering on the opposing team. For example, if you are backing the San Francisco 49ers and you wager $100 on them, you will receive $100 in winnings if your team defeats the Washington Redskins in that particular game. However, if your team loses to the Redskins, then you will lose $100.
A lay bet is simply an opposite wager to the spread. For example, if you are backing the Dallas Cowboys and you wager $100 on them, you will receive $100 in winnings if your team defeats the New York Giants in that particular game. However, if your team loses to the Giants, then you will lose $100.
Three Betting Light Examples
Before you try out this method yourself, it is important to understand what exactly is entailed in it. Essentially, you are placing three (3) bets on three (3) separate sporting events, and you want to get as much winning as possible. This means you will need to learn how to place three (3) lay bets at different sportsbooks. If you get one wrong, then you could lose all your money very quickly. Placing three (3) lay bets is a very complicated matter, and it demands a lot of research.
To give you a better understanding of what exactly is involved, here are three (3) betting light examples you can use as a tutorial:
Chicago Bears Vs. Minnesota Vikings
The first example is for the Chicago Bears vs. Minnesota Vikings game where the total combined payout is $110. This is a $10 profit margin, which means you will need to wager $100 to make a $10 profit. If you are curious, the Bears are a popular team, with an average user investment of $11.67 and a 28.9% ROI. The Vikings are also a very popular team, with an average user investment of $11.22 and a 24.4% ROI.
Philadelphia Eagles Vs. New York Giants
The second example is for the Philadelphia Eagles vs. New York Giants game where the total combined payout is $110. This is a $10 profit margin, which means you will need to wager $100 to make a $10 profit. If you are curious, the Eagles are a popular team, with an average user investment of $11.78 and a 30.6% ROI. The Giants are also a very popular team, with an average user investment of $11.28 and a 25.1% ROI.
San Francisco 49ers Vs. Cincinnati Bengals
The third example is for the San Francisco 49ers vs. Cincinnati Bengals game where the total combined payout is $110. This is a $10 profit margin, which means you will need to wager $100 to make a $10 profit. If you are curious, the 49ers are a popular team, with an average user investment of $11.67 and a 28.9% ROI. The Bengals are also a very popular team, with an average user investment of $11.11 and a 23.8% ROI.
As you can see, these are all three (3) betting light examples where you would need to wager $100 to make a $10 profit. Keep in mind: these are just three (3) examples. You will need to do some research and find the best possible odds for each individual game. In some cases, you will need to find a way to get some complimentary bets involved as well.
To help you place your three (3) lay bets, here is some advice from a professional sports bettor:
How To Place A Lay Bet
Now that you have an idea of what a lay bet is and how it works, it is time to move on to the next step: how to place one. There are three (3) basic steps you will need to follow to place a lay bet:
- Visit a good-quality online sportsbook
- Log in
- Establish your account
- Make your first deposit
- Place your first wager
Let’s discuss each step in detail. First, you will need to visit a good-quality online sportsbook. These are simply legal online gambling sites that operate within the U.S. If you are looking for a trusted place to make your first and perhaps all of your future sports wagers, then a reliable online sportsbook is the best choice. The key is finding one that is reliable and offers a good amount of sports action, meaning high volume of betting opportunities.
You should also familiarize yourself with the sites terms and conditions before making any deposits. Frequently, these are located under the “Legal” or “Privacy” tabs. The more you know ahead of time, the less stressed out you will be when playing. In most cases, the sites you will find will offer pretty standard terms and conditions, which you can assume are pretty fair. However, it is still good to know what is entailed in these documents.
Step one: Visit a good-quality online sportsbook
The first step in placing a lay bet is to visit a good-quality online sportsbook. You have several options here as well, but for the sake of this article, we will focus on 3 tips to find the best sports betting website for U.S. players.
The key is finding a website that is regulated and licensed by the state in which it is based. Ideally, you are looking for a U.S.-licensed sportsbook that provides live betting and betting lines for major sporting events, such as NFL, NBA, NHL, and Major League Soccer.
A lot of times, those are the bets you are most likely to win. Those are the sports books that consistently deliver good payouts to its users. To find the best sites, just do a simple Internet search using the terms “best sportsbook” or “top sportsbook.” You will find a variety of sportsbooks to choose from. Each one will claim to be the best. It is up to you to decide which one you believe is the best. The best sportsbooks can be found by performing simple searches using the above search engines to find blogs and forums discussing the different aspects of each website. You can also find a good amount of reviews online from different websites and publications. Reviews can sometimes be very helpful in comparing various sportsbooks. It is important to keep in mind: reviews can be very subjective, so they should not be the only factor used in choosing the best sportsbook. Always keep in mind that these are just guidelines to help you find the best possible sportsbook for your needs.
Step two: Log in
Once you have found a reliable online sportsbook, it is time to log in. You will need to create a user ID and password to access the site. In most cases, this will be a combination of your first name and last name followed by the number 4 (e.g., “JohnDoe4”). In some cases, users may choose to use their full name or some other identifier as the password (e.g., “John Doe”).
The important thing to keep in mind here is that this is a secure website where you can place bets. You do not need to worry about giving out your personal information to anyone. Creating a fake e-mail address is also usually sufficient in providing anonymity. Simply put, if you want to keep your personal information private, then creating a fake e-mail address for the purpose of logging in to a sportsbook is usually sufficient. You can also use a false name if you feel uncomfortable using your real name when placing bets or needing to verify your identity.