Research is the name of the game when it comes to successful sports betting. The more you can dissect the data, the better your chances of winning. Sports betting does rely on luck. Yet, when you have thenumbers on your side then skill also plays a part.
There is a type of sports betting that is much more dependent on luck yet adds another level of excitement to the bet. They are called prop bets which is short for proposition bet. While prop bets seem like pure luck there can be strategy involved.
With the right prop bet strategy then you can tilt the odds a bit more in your favor and have a lot of fun betting. In this article, we will go over some of the strategies successful betters use for prop bets.
1 – Know the numbers
Player and team stats are going to greatly affect how and what you should bet. You will need to really dive deeply into the stats to be able to pick apart the opportunities so you aren’t relying purely on luck.
NFL betting odds are based on the stats and a lot of data that gets analysed by the sportsbooks. You should do a smaller version of this yourself for the prop bets that are available. Make a spreadsheet and check all the relevant stats according to the type of bet you are looking to make.
An example is to make a prop bet on the over/under of a game. Use a spreadsheet to get all the relevant numbers from the quarterbacks and use it to make some calculations. This then gives you an informed strategy to place your prop bet. The same system should be used for any other type of prop bet from whether a team will score a touchdown in the first quarter to how many field goals will be kecked.
2 – Shop around
This tip isn’t exactly a betting strategy, yet it can be the difference between a win and a loss. You shouldn’t assume that all sportsbooks are offering the same line on a prop bet. An example would be an over/under for yards that can be very similar across many of the sportsbooks. Taking the time ot keep looking could yield a better line from a book that is not as popular as some of the others.
The odds are often quite different as well. Look for a book with some really nice odds when you feel confident in your numbers to place the bet. At the same time, be wary of lines that are too good to be true. Make sure the site is authentic and trustworthy before placing the bet.
3 – Read the fine print
Many prop bets are very exact. This gives the book a reason to not pay. For instance, if there is a prop bet that your favorite quarterback will throw a touchdown, make sure that it doesn’t matter how many as logn as he throws one. This is because they could easily say that since he scored more than one, the “a touchdown” is not valid as it meant he would only score one.
Tags: sports betting