Many sports bettors like to wager on underdogs that they think are offering value. Casinos like spin palace hotel. Meanwhile, they avoid heavy favorites due to the fact that they don’t pay much back.
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Here’s a sample moneyline to illustrate my point:
- Atlanta Hawks +300
- Boston Celtics -400
Each casino has something they call a “player reinvestment” fund. It predicts the amount of money you’ll lose and then returns a cut of that in the form of comps, which, to the casual floor.
You need to bet $400 on Boston just to win $100. This is intimidating, because they’d have to win four out of five times for you to break even in the long term.
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Meanwhile, the Hawks only have to win one out of four times at +300 for you to break even.
You can see why it’s tempting to take the underdog in this situation. But if you’re looking for the safe short-term bet, then the Celtics are it.
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Obviously, the bookmakers think that Boston has a strong chance to win this game. And you merely need the Celtics to win – rather than cover a point spread – for a successful bet.
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This means you can lay $400 on this contest and have a good shot to win a $100 profit.
When looking for moneyline favorites that can earn you quick money, focus on well-rested teams that are playing at home.
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When an NBA or MLB favorite loses to an inferior team, it’s often because they’re weary from long road trips. A well-rested favorite has the energy and preparation time needed to knock off thelesser opponent.
Another point is to avoid backing huge favorites, such as a college football or basketball team with a -1200 line.
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Obviously, the chances are good that the school will win when they’re favored by this much. But crazy upsets do happen, and you don’t want to be out $1,200 as a result.