• Finding Advantages in Sports Betting With Money Line Analysis

    Added - Feb. 10, 2014 Sports

    If you're looking to find advantages when it comes to sports betting, then you have to learn how to analyze money lines. A money line of +130, for example, means that you will need to bet $130 to win $100. However, a money line of -130 means that you will need to bet $100 to win $130. The + sign signals a bet on the favorite to win, and the - sign signals the underdog. By analyzing these figures and comparing them to how often you believe each side will win, you can try to find scenarios that you think are profitable to bet with.

    For example, suppose that there's a match between Team A and Team B where Team A is +130 and Team B is -110. There's a number called a reference point that you find by dividing the loss amount on a bet divided by the sum of the loss and win amounts. For a bet on Team A, that would give you 130/230 = 56.5 percent. This means that if Team A wins more than 56.5 percent, then you would have a profitable bet with them. On the other hand, Team B has a reference point of 100/210 = 47.6 percent. Along similar lines, if you think Team B will win more than 47.6 percent (having Team A win less than 52.4 percent), then you should be on Team B.

    Notice how these two bets work. Essentially, you can bet on Team A either winning more than 56.5 percent or less than 52.4 percent of the time. You can't bet on that percentage range between 52.4 percent and 56.5 percent because that's the sweet spot that the bookies think is the true value of how often they will win. This could happen because they believe that Team A and Team B are pretty evenly matched with Team A having a little bit of an advantage.

    If you go through and analyze each available line in this way, you'll start to figure out that the bookies are wrong sometimes. If your own research tells you that a team in a scenario like this will win a percentage of the time that is something that you can bet on, then that's the type of advantage you should be looking for. Whether or not you are right will depend on your research, but practice makes perfect.