The sports betting term “sharp” is more than just a word to describe a person who refers to themselves as a professional bettor. It is what all rookie bettors aspire to become and it’s a sort of philosophy of betting that rookie bettors try to incorporate into their betting mentality. People who are considered “sharps” are typically ghosts in the sense that they make their plays without attracting any attention to themselves. They love being on the opposite side of the general betting public, which is usually how money is made. Sharp bettors are also referred to as a “wise guy” and the different between sharps and squares (the general betting public) is night and day.
A sharp bettor is very strategic in terms of who he bets on and how much he wagers. Obviously, the goal for a sharp bettor is to make money but they will refrain from betting just because they want action on any given day. If there is a solid bet to be made, they make it. If not, they will sit tight and protect the bankroll instead of forcinga wager they don’t absolutely love. Sharp bettors also stick to their guns and strategies and very rarely (if ever) stray from the end goal. Sharp’s have a solid money management plan and value that above everything else. This helps them tonever chase losses, something that square bettors do.
Sharp Betting Being a sharp bettor is one that is considered to be a long-term winner in sports betting. This might seem elementary in and of itself, because not every winner is a sharp, and not every loser is a square. SBD Sharp turns sports bets into sports investments. This sports betting data tool tracks the performance of leagues and teams over time, showing you how much money you would have made (or lost) betting on the moneyline, spread, and totals.
Sharp bettors rely on much more than just their gut or instincts when placing bets. They rely on detailed analysis regarding math, stats, video replays, tried and tested angles, or any other approach they have developed during their time in the betting business. Sharps leave the betting hunches to rookie bettors and typically avoid betting on a game that involves a team they root for.
Sharp Money vs Public Money
Sharps like to get their action in as soon as lines are released while squares wait closer to game time to make their plays. Because of this, sharps get much truer lines and leave the adjusted/inflated lines to the betting public to hash out.
Sharp bettors also understand the importance of shopping around for the best line and will make sure the return on their investment is as high as it could possible be. Square bettors place bets wherever they can, often time siding with convenience rather than quality.
How Do Sharps Effect the Sportsbooks?
Sharp bettors have a much bigger impact on the way sportsbooks are maintained. When a sharp bettor makes a play, the books will take note and sometimes move the line in response to the sharp’s action. A square bettor could make a much larger play on the opposite side and the books would hardly flinch.
Sharps generally stick to the simplest form of betting – sides and totals. They believe parlays and prop bets are for the suckers, which is why square bettors love them. Sharp bettors need to see significant value in a betting opportunity whereas squares are attracted to the potential of a massive payout.
Long Term Goal of Sharp Bettors
Sharp bettors know that a great handicapper is going to lose about 45 percent of his play. Anything higher than a 55 percent winning clip will make you money over the long run. That is the goal and unfortunately for square bettors they fail to realize this. Squares believe they can win 70 percent of the time, which is how they end up with no bankroll. The more plays you make, the higher the losing percentage goes. It really is simple math and squares have yet to figure that out.
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Sharp Sports Betting is a tool for those interested in winning money at sports betting. This book explains the most common sports bets, what all the numbers mean, and the mathematics behind the numbers.
Sports bettors have their own lingo. If you are new to sports betting, you will appreciate the glossary at the back of the book.
The first half of the book contains general information about betting that applies to all sports. The last half of the book has information specific to the National Football League.
This book is not a get-rich-quick vehicle. If you are looking for a magic formula in which you input data and grind out numbers that will tell you who will win tomorrow’s games, you might be disappointed in this book. Roulette chateau. But if you are facing two different ways to bet on the same team, you might find this book helpful in choosing the better alternative.
The advice in this book will help you find worthwhile sports bets, but don’t quit your job to become a full-time sports bettor.
Sports betting is one of the more popular ways to gamble. In the United States, betting on sports is rapidly expanding to many states.
Outside of the United States, betting on sports is legal on the Internet and in many countries. Betting on sports enjoys the reputation of being well regulated in Great Britain and Australia.
The most common way to bet on American football is against the spread. Think of the spread as being a handicap, the number of points that must be added to or subtracted from one team’s final score to induce bettors to back both teams.
The most common terms for betting sports are -110, which means risking $110 in an attempt to win $100. You give the sportsbook $110 when you make your bet, and get a receipt with the details of your bet printed on it. If your team wins, you take that receipt back to the sportsbook and receive $210 — your own $110 and the $100 you won. If your team loses, your receipt is worthless. If your team wins but you cannot find your receipt, keep looking because without that receipt you will have difficulty getting paid.
If you walk into a sportsbook, you will see a collection of numbers that at first may make no sense to you. But with some learning, you will be able to understand what the numbers mean. With a bit of study, you will occasionally find a number that jumps out at you as being a good bet.
The area where all the numbers are displayed is called a “board,” a term left over from the days when all the numbers were entered by hand on wall boards. Nowadays electronic displays are far more common than actual boards.
The first thing to notice is that the display of numbers is organized by sport. Depending on the time of year, you may find a section of the board devoted to NFL football, college football, major-league baseball, NBA basketball, college basketball, NHL hockey, golf, auto racing, and probably more. Each sport has its own system of displaying possible bets.
Generally there will be sheets of paper available with the various possible sports bets listed on them. In the event of differences between the odds listed on the sheets of paper and on the board, the board is more current. The odds on the sheets of paper were accurate when the sheets were printed, but at best that was earlier in the day and it might have been several days ago.
The main value of the sheets is to list all the bets by their unique numbers. You bet by number. You don’t say “Give me $100 on the Yankees,” you say “Give me $100 on number 302” or whatever number is listed to the left of the Yankees on the sheet of paper and on the board.
This article is the first of a series, to be continued ..
Excerpted with permission from Sharp Sports Betting by Stanford Wong.
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