Betting Strategy: How To Earn Money With Prop Bets
Gamblers tend to overlook prop bets or as many people call them “dumb bets”. This type of bet is called this way due to their popularity among inexperienced bettors and the increased juice. But the truth is that if you apply some strategy and select the right prop bets, you can earn a good amount of money wagering on them.
The prop bet or merely a prop it’s the sports betting on a proposition. This means that the player is wagering on anything other than a point spread, moneyline, or over/under totals. Some samples or prop bets are: which team will score first, which quarterback will have the most passing yards or any other scenario or outcome in a sport. There are other types of prop bets not related to sports, for example regarding politicians, awards like the Oscars and the Grammys, and many more. Sportbooks can create prop bets about almost anything.
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The trick is that most sportsbooks spend less time making sure the lines are sharp on props than they do on more traditional lines such as point spreads, moneylines, and over/under totals. As an alternative, they charge extra juice on props, making it easier for them to profit on these types of wagers.
The reason props remain the most straightforward wager to win relates mostly to careless bookmaking. With several hundred lines to produce and handle, lines managers are way too busy to move prop bets, so they use simple methods to keep prop bets under control. A bettor can study and understand a single prop deeply than the oddsmaker that created it.
Bettors have the edge over sportsbooks regarding prop bets because they can gather more information and study more deeply the possible scenarios behind a prop bet to find a winning path. For example: Who will win the MVP award this season? Who will be the offensive rookie of the year? Who will hit more home runs in the world series? With hundreds of prop bets available every week, you will surely find trends and insights that will give you the edge if you do your homework.
One common trend you can come across is when lines are appearing too high. Casual bettors frequently like to bet popular players to go Over the posted total, and the lines get adjusted as a result. On the other hand, the better bet is to find projections that are way too high and have enough value on the Under to surmount the extra juice. Bettors need to learn to identify which prop bets are profitable and which ones are a waste of time and money.
Wasting Money Prop Bets
There are some prop bets where you can´t gather information and spot trends that will give you the edge. For example, the color of the Gatorade that will be trow over the winning coach at the Super Bowl. Unless you have insider information is impossible to predict that outcome. So it would be best if you stayed away from these prop bets since they will make you lose money and time. Most sportsbooks will cap the amount that you are allowed to bet on these prop bets to protect themselves from the possibility of leaked information.
Profitable Prop Bets
If you want to make good money with prop bets, you have to choose the ones where you can gather information and apply your skills and knowledge to spot trends and insights. For example, who will hit more home runs in the World Series? Bettors can use data from the home run derby, records of each team, and many other sources of information to predict an entirely possible outcome that can make them earn good money.
Prop bets are a profitable source if you know how to read data and spot trends and insights.
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