Different sportsbooks may offer slightly different odds or lines for the same game or event, so bettors can compare and choose the best option available to them by shopping around.
For example, if one Ohio sportsbook offers a point spread of -7 for a football game, while another offers -6.5, a bettor may place their bet at the sportsbook with the -6.5 line to improve their bet chances of winning.
Line shopping requires some effort and research on the part of the bettor, but can pay off in the long run by helping them maximize their potential winnings and minimize their losses.
What does 'betting value' mean?
Betting value is a term used in sports betting to describe a situation where the odds of an event happening are better than what is reflected in the bookmaker's odds.
Betting value is the difference between the probability of an event occurring and the odds the bookmaker offers. If the odds offered are higher than the probability of the event happening, there is value in the bet.
For example, if a team is given odds of +250 to win a match, but the probability of them winning is 40%, then there is value in the bet as the odds imply a probability of only 33%.
Betting value is crucial for long-term success in sports betting and requires a deep understanding of the sport, the odds, and the probability of events.
Line shopping compares odds across multiple sportsbooks to find the best value for your bets. Here are some tips on how to master the art of line shopping:
By mastering the art of line shopping, you can improve your chances of finding the best value for your bets and maximize your profits over time.