Sports Betting Strategies

There are a variety of betting strategies and it is important to find the one that works best for you. This can include shopping for inflated odds (if a sportsbook offers a line at -110 and another does at -100 you can save $10 by placing your wager with the latter) or fading the public (betting against the majority of bettors as they tend to lose).

Understanding American Odds

The odds that a sportsbook sets are based on a number of factors including the amount of money wagered and exposure. The goal is to attract even action on both sides of a game so that those who win can be paid. This is why you’ll often see plus/minus odds in the US as opposed to decimal odds elsewhere.

Aside from determining the correct lines you also want to make sure you’re using the best data possible. There are many sites that offer free and paid data for sports that can help you identify potential picks. For example, horse racing handicappers use entry sheets containing standardized information on each race such as past performance, jockeys and trainers and speed figures.

It is also a good idea to bet only on the teams you know the most about and avoid bets on games where you’ve no real knowledge of either team or player. This will not only allow you to avoid bad beats but it will keep your bankroll healthy and protect you from the inevitable cold streaks that every bettor experiences from time to time.