It goes without saying but then again perhaps it is a good to say it every now and then so you don’t lose sight of what matters. In short, this is all about getting the maximum value out of your sports wagering. After all, unless your sports bets are but an occasional hobby, you want to take the time to focus on the best ways to maximize your value. So, with that in mind, following is a quick recap of some of the most important concepts to keep in mind.
Of course you are probably well up to speed with the whole idea of shopping around. Shopping around for the best line you can possibly get, that is. You see, the fact of the matter is that for quite a few sports betting fans out there, there is quite a bit of what is best referred to as leakage regarding obtaining the best line and the best price. Bottom line: take the time, exert the effort to make sure you only ever get the best line for the best price. Enough said, moving on then.
Next up is the importance of understanding the concept of half point value. You see, when you are shopping around the various sports betting sites, you are looking at both point spread and the price. But here is where it can get a bit muddled. Look at this way: deciding between a +4 and a +4.5 when both are equally priced is a no brainer. You will obviously take the extra half point since you don’t have to pay any more for it.
But what happens in the case when say you find +4.5 at -110 and +4 at -103? Seriously, what do you do now? The sports betting pro at that point would turn to his trusty database to figure out what has happened over the last five years or so. How often and by how much have the underdogs actually lost over time? From that point, he would calculate how many times he must win at that -103 to break even. From there, he figures out his true odds based on the numbers above. One point you should walk away from here is that the professional sports bettor develops a database or has access to one to help him with this sort of thing.
As you can see, to make real money in sports betting is getting the maximum value. Maximum value starts with shopping for the best line then moving on to maximizing the half point value.
It goes without saying but it is probably best to go ahead and say it again for the record: daily fantasy sports is one of the hottest new things to hit the online gambling industry or even the online sports betting world for quite some time. Consider that for the fiscal year 2014, Daily Fantasy Sports provider FanDuel reported an astounding $57.2 million. In other words, an entirely new entrant in the online gambling world is on a tear.
That being said, it turns out that one of the most asked questions is how do the daily fantasy sports players actually win. Is there some sort of strategy or methodology that the most successful players are using that others can study and learn from?
Well, as it turns out that the answer is a yes. But note that at this point in the game so to speak (remember that daily fantasy sports betting is an industry in the very earliest stages of development), there are not quite so many success models to follow. Butof those that are winning and winning big at daily fantasy sports betting, there are some noticeable patterns.
The most prominent thing to note about the most successful daily fantasy sports betters is their focus on the numbers. In other words, they aren’t afraid to sharpen their pencil and do some serious number crunching to figure out when and how to place their wagers.
For example, take a look at the example of Drew Dinkmeyer. Now you should understand right up front that Dinkmeyer comes from the world of finance and investments. Actually, Dinkmeyer worked as an investment analyst before stepping aside from his position back in 2013 to focus on daily fantasy sports betting.
According to Dinkmeyer, he has refined his daily fantasy sports betting methods such that he only ever needs to spend about 40 minutes a day tweaking a custom created Excel worksheet. According to him, his methods put him in the the most elite group of all. These are called the Sharke of the daily fantasy sports betting world. According to Dinkmeyer, the sharks will overrun the less skilled or novice players around 70 percent of the time.
So what does that mean to you? If and when you are ready to dip your proverbial toe into the waters of Daily Fantasy Sports betting you owe it to yourself and that hard earned money sitting in your wallet to understand the competition out there. Unless and until you are ready to do the work to get to that level you may want to think twice about your next wager.