To make money betting on sports, you must do three things: first, find your game; two, look around and get the best value for that game; three, make sure you follow a solid money management system. Most people think of the first and the third. But not enough people shop for the best value for their money.
Here
are six reasons why you MUST have more than one sportsbook account:
You
need to shop multiple books to find the line you need, and the only way you can
do that is to have accounts open with various sportsbooks. Having more than one
'out' helps to improve the chances of finding variances in a particular line.
For
example if you know that you are looking to bet on the Red Sox and you can get
them 5 or 10 cents cheaper with one book over the other, then you take the line
that provides you with greater value. It might just be half a point on a game,
but getting the line you want in terms of both the spread and the odds will
make you more money over time. No question.
Also,
any sportsbooks that allow the buying or even selling of points, or give you
better odds on parlays and teasers also should be considered in the sports
bettor's stable.
Diversification
is a good idea. Just as in the investment world, you need to diversify and not
put all your eggs in one basket. In the past few years, various sportsbooks
have gone under, and taken many a gambler’s money with them. Some of these books
were predictable, but other such as Aces Gold caught most off guard. Always
choose your sportsbooks wisely. But if you have $10,000 in play, it’s better to
have $2,000 with five books than all your money with one, just in case that one
goes under. It’s better to lose just $2k than $10k.
Every
sportsbook offers various types of bonuses, depending on the type of gambler
they are looking to attract. All sportsbooks offer the same signup bonuses,
with the focus on the initial deposit varying from 10% - 20%. But it’s the
ongoing bonuses that differentiate one sportsbook from another. Some offer
little or no re-up deposit bonuses, but offer a Cash Back from losses bonus.
Others have great deposit bonuses during key times throughout the year. You
need to find out what is important to you, and then match that need with the
sportsbook that will fulfill it.
Product
Variety - Some books specialize in providing a type of bet on various sports or
sporting events, depending on the strength of the software and the expertise of
that sportsbook’s bookmaker. Again, you need to shop around and find out what
sportsbooks offer what type of bets on what sports, and the type of lines they
run (especially for hockey and baseball).
Phone
vs Internet - Some sportsbooks are better at running its business over the
phone, while others that have very good software, and loads of servers do a
better job taking bets via the Internet. However, the Internet focused books usually
have lower limits in place than those taking bets by phone. Again, you need to
find out whether or not the limits in place by a specific sportsbook fits your
money management system.
Cut
Down on Account Limits or Closures. You can do this by setting up accounts with
multiple sportsbooks. When you want to play a bet of $5,000 for example, you
might want to play $1,000 at five different books. This helps to keep a low
profile for yourself, as all sportsbooks have key indicators that throw up red flags
for weeding out wise guys or sharpies. When that happens, you get the VIP
treatment by having your limits reduced, access to certain sports limited, or
simply having your account closed. But by winning at multiple books, you can
more easily stay under the radar.
So
the message is clear: you must have at least three to four sportsbook accounts
to help ensure making money over the long haul, and lessening your risk
overall.
