If you are barely aware of the online sports betting scene, you might have observed that the sports book’s odds and line keep on changing. It is not a random change and the behind the scenes of online betting work to every shift in the odds and lines that show up in the sports book. So, why exactly odds and lines in a sports book continue to be dynamic throughout the game?
Well, here we are to satisfy your curiosity.
Sportsbooks Want to Earn Money:
Sportsbooks are neither charities nor banks loaning you money – they are companies who provide you with the betting action during any sports events. So, of course, they want something back for providing you with the thrill and a chance to win a dazzling amount of money. So, every change that you see in the odds and lines is to make sure that they earn a good amount of money in return, too. So, how do they make sure they win, too?
The basic principle behind is that they try to place a same amount of money on both sides of the bets. Confused yet? Well, it is pretty simple.
Let’s call our sportsbook company as C, while, you are Mr A. betting that Team XYZ will win and then there’s Mr B. who has a bet that Team JKL will win. The sportsbooks make sure that you bet $100 and Mr B bets $100. So, if you win, they use the losing money from Mr B to pay you and vice versa if Mr B wins.
Now, you might be wondering if that’s the case, how does the company win? Well, it is fairly simple if you have ever placed a bet before then you know that sportsbook will take a little bit off with each bet. So, if you win a $100 bet, you are get $91.9 with $9.1 with company C because they can charge you for providing a proper platform.
The sportsbooks make sure that in either case, they are getting a steady amount of win.
Of course, real life betting scenes are very different as there are multiple sportsbooks – as in plural – and each function individually, and it is not easy to predict the trend in the changing liens and odds.
So, the bottom line comes down to the question – how does this affect you, Mr A, as a bettor?
Keep in mind that not just company C, but every other company, i.e., sportsbooks will change the lines to make sure that they get a win. Each company is changing their lines based on the trends of public bets, key players and even media stories. What you can do while placing your bet is do something similar to window-shopping, this means that, while you are contemplating on whom to place your bet, do a stakeout of the lines and odds of different sportsbooks and then place your bet based on this analysis.
Keeping an eye on the lines and odds can help you come up with a proper strategy and win more and minimise your losses.