Sports betting is one of the few ways in the casino that a player can actually gain a substantial long term edge over the house. Most gamblers will ultimately lose over the long term. They view betting as a way to have fun. Some losing players even perceive themselves as being able to win over the long term. But these players almost always suffer from some form of fallacy. The way in which they analyze the game is not rigorous or logical.
By contrast professional gamblers always approach the games they play from a purely mathematical standpoint. Professional gamblers are much like investors. They’ll only play in games where they think they will have a long term positive return. They never make a play because their gut tells them to. Instead, they always look at the underlying odds and then decide if the bet has a positive mathematical expectation, that is, if it will generate positive returns. Professional gamblers never consciously make bets that will lose over the long run.
Professional sports bettors are a kind of professional gambler. Sports bettors make their money by finding odds that are incorrect then placing favorable bets at those incorrect odds. For example if the spread on team A is +4 points but the sports bettor knows they’re actually a 10 point favorite, he can bet on team A and expect to win considerably more often than he loses. This is because team A will win by at least four points more often than half the time. To see all the latest point spreads, go to covers.com.
Sports books attempt to set all their lines correctly. But sometimes there are enough irrational fans placing money on the wrong outcomes that the sports books will have to move the lines or face the prospect of a massive loss. This is the essence of how professional sports bettors make money – finding bets where too much dumb money has moved the line far from the correct odds.
Betting on NBA odds is ideal for sports bettors because there a so many games and such rabid fans that incorrect lines can be found almost every day of the season.
Covers.com has up to date point spreads for every NBA team. Founded in 1995, covers.com is the brainchild of sports betting legend Teddy Covers. Its journalists and analysts are among the most respected in the industry. Covers.com is a one stop source for everything sports. Check it out at covers.com.