Looking to make some prop bets? Here are a few tricks and tips to keep in mind. Remember betting is never a sure thing, so wager responsibly.
Always, always always shop for the best lines and odds. If you have access to one sportsbook, chances are you have access to many others. If you take the time to compare and contrast sportsbooks, you’ll find advantageous lines and thus, better potential payouts.
If you always bet on the first sportsbook you visit without comparing the odds or lines, you’ll end up wasting money. Take a measured approach when looking for the ideal prop bet.
Do Your Research
Check the stats and past performance of teams or players you’re betting on. Previous matchups, injuries, locker room atmosphere, coaching, and many other factors can offer valuable insights that aren’t always reflected in the odds. If you do your homework and keep track of stats, you’re more likely to find a really advantageous line before it becomes less favorable.
Stick To What You Know
If you’re a baseball stats junkie…bet on baseball. Football fanatic? Seek out football props. Your baseline knowledge will go a long way and help inform you when you’re making picks.
That isn’t to say you can’t bet on sports you are less familiar with. If you do, stick to the point above and do your research to make informed bets.
Manage Your Bankroll
If you lose a bet, don’t go crazy on a longshot wager to try to recuperate your losses. Stay measured and sensible in your bets and keep your wagers within a responsible threshold.
Don’t Discount The Under
Betting the over is a popular strategy. “Life’s too short to bet the under,” goes the betting-related adage. But it’s not entirely true. Under bets can be very beneficial, especially if you’re making a wager backed by historical performance and stats. IF a player is only nabbing 3-4 rebounds per game over the past few matchups and the line is set at over/under 5 rebounds, the under could be a smart wager.
Arguably, you could apply this advice to any bet. It boils down to this: don’t discount a single bet type for any reason. You can use less popular bets to your advantage.
Always Check The Vig
You’ll rarely find odds of +100 on both sides of a bet, and that’s because of the vig. -110 is a much more common odds format, and that’s because sportsbooks need to make money on the bets they process. But sometimes props show the vig in favor of a certain side.
Take this example: James Harden Over/Under 22.5 points (-106/-116). The over has a smaller vig and thus would pay out a tad more if the bet hit. The Under has a heftier vig but may also be slightly more likely to hit. Take these differences into account as you’re surveying the options.