CasinoLovr is frequently asked the question, typically from novice bettors, "What is the best sport to bet on?" The answer is generally, bet on the sport that you know best. In order to understand this in greater detail, I will expand on this in this article.
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Winning Percentage
Even the best bettors, will only win about 56% of the bets they make across the board. In order to make a profit, a bettor has to win over 52% of the bets they make to make up for the vig or house advantage. The house advantage, vig or juice as it is often called is the commission on each losing bet. You will notice this when you place a bat and you must risk $110 to win $100. Every sportsbook will have some type of house advantage,therefore you must win 52% or more of your bets in order to be on the positive side.
Sport With Lowest House Advantage
Baseball offers the lowest house advantage of all of the sports in any sportsbook. Typically a sportsbook will offer a dime line in baseball, which means the total difference between the favorite and the underdog is 10 cents. In these instances when the team is evenly matched the line will be -105.
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Handicapping Games
Handicapping games is often thought to be a 'war of information'. This means the more information that you have on a particular game, the better your advantage of winning that game is. When you find out about an injury,snowstorm, or psychological issue before the bookmaker does, it puts you at an enormous advantage when you place your bets.
This brings us full circle to my original statement of bet with the sports that you know best. Most professional gamblers I know like to bet on the sport that they are most interested in and that they follow closely. When I examine their statistics, their typical winning percentage is greater in the sports that they are most familiar with.
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Love what you bet - If you are going to win you must enjoy watching the sport, if you don't...don't bet it!