GOATSPORTSBETS

SPORTS COURSE OUTLINE

Presented By: Victor Madu

What is Sports Betting?
Sports betting is a form of gambling where individuals place wagers on the outcome of
various sporting events. It involves predicting the result of a particular game or event and
placing a bet on the anticipated outcome. Sports betting can cover a wide range of sports,
including popular ones like football (soccer), basketball, baseball, tennis, and horse racing,
among others.

In sports betting, individuals can wager on various aspects of a game, such as the final score,
point spreads, over/under totals, player performances, and more. The odds or payouts for
each wager are determined by the bookmaker or sports-book, which is the entity that
accepts and pays out bets. Bookmakers aim to set odds that attract balanced betting on both
sides, ensuring they make a profit regardless of the outcome.

Sports betting can be conducted through legal means, such as licensed sports-books and
online platforms, or through illegal channels, which can vary by jurisdiction. In recent
years, the legalization and regulation of sports betting have expanded in several countries
and states, providing a safer and regulated environment for individuals to participate in this
form of gambling.
 HOW DID SPORTS BETTING START?
Sports bettin has a lon history that dates back thousands o years. The ori ins o sports bettin can be traced to ancient
civilizations where people would place bets on various sportin events and competitions. Here is a brie overview o the history o
sports bettin :
Ancient Times:The earliest evidence o sports bettin can be ound in ancient Greece, where bettin on athletic competitions, such as the Olympic
Games, was a common practice. The Romans also had a stron culture o amblin and placed bets on ladiator i hts, chariot races, and other
sportin events.
Middle A es: Durin the Middle A es, sports bettin became less prevalent due to the in luence o the church, which rowned upon amblin
activities. However, some orms o sports bettin , like horse racin , continued in certain re ions.
18th and 19th Centuries: Sports bettin re ained popularity in the 18th and 19th centuries, particularly in En land. Horse racin became a popular
sport or bettin , and bookmakers started to emer e, o erin odds and acceptin bets on races.
20th Century: In the 20th century, sports bettin continued to evolve. The introduction o le alized bettin shops in the United Kin dom in the
1960s brou ht sports bettin into a re ulated and controlled environment. In the United States, horse racin and sports bettin were le al in some
states, but the activity aced restrictions due to ederal laws like the Pro essional and Amateur Sports Protection Act (PASPA) o 1992.
Online Sports Bettin : The rise o the internet in the late 20th century revolutionized sports bettin . Online sports-books be an to emer e in the
1990s, allowin people to place bets on sportin events rom the com ort o their homes. This led to a si ni icant increase in the popularity and
accessibility o sports bettin worldwide.
Le alization and Re ulation: In recent years, there has been a lobal trend toward the le alization and re ulation o sports bettin . Several
countries, such as the United States, have relaxed their laws, allowin states to le alize sports bettin within their jurisdictions. This has created a
more re ulated and sa er environment or bettors.

Today, sports betting is a multi-billion dollar industry, with a wide range of betting options & markets available to enthusiasts worldwide!
 WHAT IS A SPORTS BOOK?
A sports-book, also known as a bookmaker or a bookie, is an entity or business that accepts and pays out bets on
various sporting events. Sports-books set the odds or betting lines for different sports and events, allowing
individuals to place bets on the anticipated outcomes. They serve as intermediaries between bettors, managing the
betting process and facilitating the transactions.

Here are some key points about sports-books...

Setting Odds: Sports-books employ odds compilers or oddsmakers who analyze the teams, players, and other
factors related to a sporting event to determine the probabilities of various outcomes. Based on their
assessments, they set the odds for different betting options.
Types of Bets: Sports-books offer a variety of betting options, including straight bets (e.g., money-line bets,
point spread bets), totals (over/under), parlays, teasers, props (propositions), futures, and more. Each bet
type has its own rules and potential payouts.
Profit Margin: Sports-books aim to set odds that attract balanced betting on both sides of a wager. They
adjust the odds to manage their risk and ensure they make a profit regardless of the outcome. The
difference between the total amount wagered and the total payout is the sports-book’s profit margin or
vigorish.
Online and Offline: Sports-books can operate as physical establishments, such as in casinos, racetracks, or
dedicated betting shops. Additionally, with the rise of the internet, online sports-books have become
increasingly popular. These platforms allow individuals to place bets online using their computers or mobile
devices.
Licensing and Regulation: In jurisdictions where sports betting is legal, sports-books must obtain licenses
and operate within the regulations set by the governing authorities. This ensures consumer protection, fair
betting practices, and the proper handling of funds.
Information and Analysis: Sportsbooks provide valuable information to bettors, including odds, betting
trends, statistics, and expert analysis. This helps individuals make informed betting decisions.
 REMEMBER.....
It's important to note that sports-books make their money by
creatin odds that incorporate a mar in, so the payouts are
enerally less than the true probabilities. There ore, it's crucial or
bettors to care ully consider the odds, do their own research, and
practice responsible amblin .

What are the different types of bets you can place on sports?
 IS SPORTS BETTING ILLEGAL?
The le ality o sports bettin varies dependin on the country and jurisdiction in question.
While sports bettin remains ille al in some places, there has been a notable shi t towards its
le alization and re ulation in many parts o the world.
Here is a general overview:
United States: Prior to 2018, sports bettin was lar ely ille al in the United States under the ederal Pro essional and Amateur Sports Protection
Act (PASPA) o 1992, with a ew exceptions such as Nevada. However, in 2018, the U.S. Supreme Court struck down PASPA, allowin individual
states to le alize and re ulate sports bettin . Since then, numerous states have chosen to le alize sports bettin within their borders, while
others are in the process o considerin le islation.
Europe: In Europe, sports bettin is le al and re ulated in many countries. Each country has its own set o laws and re ulatory rameworks. For
example, the United Kin dom has a well-established and re ulated sports bettin industry, with numerous licensed bookmakers operatin both
online and in physical locations. Other European countries, such as France, Italy, Spain, and Germany, have also le alized and re ulated sports
bettin to varyin extents.
Australia: Sports bettin is le al and widely popular in Australia. The country has a well-re ulated industry, and individuals can place bets on a
wide ran e o sports throu h licensed bookmakers both online and in brick-and-mortar establishments.
Other Countries: The le ality o sports bettin varies in other parts o the world. Some countries have strict re ulations, limitin or prohibitin
sports bettin alto ether, while others have more relaxed laws. It's important to check the speci ic laws and re ulations in your country or re ion
to understand the le al status o sports bettin .

***It's worth noting that even in countries where sports betting is illegal, there may be underground or unregulated
betting markets. However, participating in illegal or unregulated sports betting can carry legal risks and lack the
consumer protections provided by regulated markets.***
WHAT IS A HEDGE IN SPORTS BETTING?

In sports bettin , a hed e re ers to placin additional bets on the opposite side or outcome o an
initial bet. The purpose o hed in is to reduce or eliminate potential losses or secure a
uaranteed pro it re ardless o the inal outcome.
Here's how hed in works in sports bettin :

Hedging to Limit Losses: Let's say you have placed a bet on a team or player to win a game
or event, but as the game progresses, the situation changes, and it becomes less likely that
your initial bet will be successful. In this case, you may decide to place a hedge bet on the
opposing team or player to reduce potential losses. If your initial bet loses, the hedge bet can
help offset some or all of the losses.

Hedging to Secure a Guaranteed Profit: Hedging can also be used to secure a guaranteed
profit when the circumstances allow. For example, if you have placed a futures bet on a team
to win a championship, and that team reaches the final, you may decide to hedge by placing
a bet on the opposing team to win the final. This way, regardless of the outcome, you would
secure a profit by winning one of the bets.
 Important Reminder...
IT'S IMPORTANT TO NOTE THAT HEDGING IN SPORTS BETTING
INVOLVES PLACING ADDITIONAL BETS, WHICH MEANS
INCREASING YOUR EXPOSURE AND POTENTIAL RISK.
ADDITIONALLY, HEDGING CAN IMPACT POTENTIAL WINNINGS
AS YOU MAY NEED TO INVEST MORE MONEY TO SECURE A
HEDGE BET. THEREFORE, CAREFUL CONSIDERATION SHOULD
BE GIVEN TO THE POTENTIAL OUTCOMES, ODDS, AND
POTENTIAL RETURNS BEFORE DECIDING TO HEDGE.

HEDGING STRATEGIES CAN VARY DEPENDING ON THE SPECIFIC CIRCUMSTANCES AND

THE GOALS OF THE BETTOR. SOME BETTORS HEDGE ONLY PARTIALLY, WHILE OTHERS
MAY HEDGE FULLY TO ENSURE A SPECIFIC OUTCOME. THE DECISION TO HEDGE
ULTIMATELY DEPENDS ON THE BETTOR'S RISK TOLERANCE, CONFIDENCE IN THE INITIAL
BET, AND THE POTENTIAL IMPACT OF THE HEDGE ON OVERALL PROFITABILITY.
 WHAT IS A SPREAD IN SPORTS BETTING?
In sports bettin , a spread re ers to a point spread or handicap that is assi ned to a particular sportin event. The point spread is desi ned
to level the playin ield between two teams o di erin abilities, with the oal o eneratin more balanced bettin action.

When you see a spread listed or a ame, it indicates that one team is avored over the other by a certain number o points. The avorite is
re erred to as the "minus" team and is expected to win the ame by more than the point spread. The underdo , on the other hand, is known
as the "plus" team and is expected to either win the ame outri ht or lose by ewer points than the spread.

Bettin on the spread involves wa erin on whether a team will cover the spread or not. I you bet on the avorite, they must win by a
mar in reater than the spread or your bet to be success ul. Conversely, i you bet on the underdo , they can either win the ame or lose
by a smaller mar in than the spread or your bet to win.

FOR EXAMPLE:
LET'S SAY THERE'S A FOOTBALL GAME BETWEEN TEAM A AND TEAM B, AND THE POINT
SPREAD IS SET AT -7 FOR TEAM A. IF YOU BET ON TEAM A, THEY WOULD NEED TO WIN THE
GAME BY MORE THAN 7 POINTS FOR YOUR BET TO WIN. IF YOU BET ON TEAM B, THEY CAN
EITHER WIN THE GAME OUTRIGHT OR LOSE BY 7 POINTS OR LESS FOR YOUR BET TO BE
SUCCESSFUL.

SPREAD BETTING ADDS AN EXTRA DIMENSION TO SPORTS BETTING BY NOT ONLY FOCUSING
ON THE OUTCOME OF THE GAME BUT ALSO THE MARGIN OF VICTORY.
 WHAT IS A SINGLE BET IN SPORTS BETTING?
SINGLE BETS ARE STRAIGHTFORWARD AND

When you make a single bet, POPULAR AMONG BETTORS BECAUSE THEY
FOCUS ON PREDICTING THE RESULT OF A SINGLE

you are predicting the outcome EVENT. THEY ARE COMMONLY PLACED ON
VARIOUS SPORTS LIKE FOOTBALL, BASKETBALL,

of a specific sporting event. For TENNIS, HORSE RACING, AND MORE. THE
POTENTIAL WINNINGS OR LOSSES OF A SINGLE

example, you might place a BET DEPEND ON THE AMOUNT YOU WAGER AND
THE ODDS ASSOCIATED WITH YOUR CHOSEN

single bet on a basketball game, SELECTION.

betting on Team A to win. If SINGLE BETS ARE DIFFERENT FROM

ACCUMULATOR BETS (PARLAYS) OR
Team A is successful, your bet COMBINATION BETS, WHICH INVOLVE
COMBINING MULTIPLE SELECTIONS INTO A
is considered a winner, and you SINGLE WAGER. IN CONTRAST, SINGLE BETS
CONCENTRATE SOLELY ON ONE OUTCOME,
will receive a payout based on MAKING THEM SIMPLE AND EASY TO
UNDERSTAND. THEY ARE SUITABLE FOR BOTH
the odds set by the sports-book. NOVICE AND EXPERIENCED BETTORS, AND THEY
FORM THE FOUNDATION OF SPORTS BETTING.
What is a Parlay in sports betting?
In sports bettin , a Parlay, also known as an accumulator or combo bet, is a wa er that combines
multiple individual bets into a sin le bet. It involves selectin two or more outcomes, and all o the
chosen selections must be correct or the parlay bet to win.

When you place a Parlay bet, you are essentially linkin to ether the outcomes o di erent events.
For example, you mi ht combine the winners o three ootball ames into a parlay bet. I all three
teams you selected win their respective ames, your parlay bet is success ul, and you receive a
payout that is typically hi her than i you had placed the individual bets separately.
The potential winnin s rom a parlay bet are hi her because the odds or each selection are
multiplied to ether. However, the increased potential reward comes with increased risk, as
i any o the selected outcomes is incorrect, the entire parlay bet is considered a loss.
Parlays can include various types o bets, such as point spreads, money-lines, over/under
totals, or a combination o them. The more selections you include in a parlay, the hi her the
potential payout becomes, but the probability o winnin decreases.

Parlays are popular amon bettors who seek lar er potential payouts rom smaller initial
stakes, as the winnin s can multiply i all the selected outcomes are correct. However, they
require a hi her level o accuracy and carry more risk compared to sin le bets.
WHAT IS A ROUND-ROBIN IN SPORTS BETTING?

IN SPORTS BETTING, A ROUND-ROBIN BET IS A TYPE OF WAGER THAT

COMBINES MULTIPLE PARLAYS INTO A SINGLE BET. IT INVOLVES CREATING A
SERIES OF SMALLER PARLAYS USING A PREDETERMINED NUMBER OF
SELECTIONS, AND ALL POSSIBLE COMBINATIONS OF THOSE SELECTIONS ARE
COVERED.

TO PLACE A ROUND-ROBIN BET, YOU SELECT A GROUP OF TEAMS OR

OUTCOMES AND THEN CHOOSE HOW MANY TEAMS YOU WANT TO INCLUDE IN
EACH PARLAY. THE BET WILL THEN GENERATE ALL POSSIBLE PARLAY
COMBINATIONS BASED ON YOUR SELECTIONS.

WITH A ROUND-ROBIN BET, YOU HAVE THE OPPORTUNITY TO WIN MULTIPLE

PARLAYS EVEN IF SOME OF YOUR SELECTED TEAMS LOSE. HOWEVER, KEEP IN
MIND THAT THE NUMBER OF BETS INCREASES SIGNIFICANTLY WITH EACH
ADDITIONAL TEAM AND PARLAY COMBINATION, WHICH ALSO AFFECTS THE
TOTAL COST OF THE BET.

ROUND-ROBIN BETS CAN BE USEFUL WHEN YOU HAVE A STRONG OPINION ON

MULTIPLE OUTCOMES BUT WANT TO COVER VARIOUS COMBINATIONS TO
INCREASE YOUR CHANCES OF WINNING. THEY OFFER A BALANCE BETWEEN
POTENTIAL PAYOUTS AND RISK, ALLOWING YOU TO HEDGE YOUR BETS TO
SOME EXTENT. HOWEVER, IT'S IMPORTANT TO NOTE THAT ROUND-ROBIN BETS
REQUIRE A HIGHER STAKE DUE TO THE INCREASED NUMBER OF
COMBINATIONS.
 How do sports books make their money?
Sports-books, also known as bookmakers or betting operators, make their
money by utilizing a concept called the "vig" or "juice." The vig represents the
built-in commission or fee that sports-books charge on each wager.
When you place a bet with a sports-book, you will typically see odds listed for
each selection. The odds represent the payout you will receive if your bet is
successful. However, the odds are adjusted to include the vig, ensuring that the
sports-book retains a profit regardless of the outcome.
Sports-books aim to create balanced bettin action on both sides o a wa er, which helps them miti ate their risk. They achieve this by adjustin
the odds based on the bettin patterns o the bettors. I one side o a bet receives more wa ers, the sports-book may adjust the odds to attract
more bettin on the other side, thus achievin a more balanced book.
For example:
Let's say there's a ootball ame between Team A and Team B. The sports-book sets the odds or Team A to win at -110 and or Team B to win
at -110 as well. In this scenario, i you want to bet on Team A, you would need to wa er $110 to win $100 (plus your ori inal stake) i your bet is
success ul. The extra $10 represents the vi or commission that the sports-book char es. Similarly, i you bet on Team B, the same principle
applies.
By ensurin that the odds are adjusted to account or the vi , sports-books are essentially uaranteed to make a pro it over time, re ardless
o the outcome o the bets. They rely on the volume o wa ers and the balanced action across di erent events to enerate their income.
 ADDITIONALLY....
Sports-books o er a variety o bettin options, includin di erent types o bets, in-play bettin , utures
bettin , and more. This expands their market and provides more opportunities or them to enerate
revenue.
It's worth notin that sports-books must mana e their risks care ully and employ sophisticated al orithms
and experienced traders to set their odds e ectively, minimize their exposure, and maintain a pro itable
operation.
Understandin how the books make their money will help you make better decisions when it comes to
sports amblin as a whole.
Apps and Resources to Use:
1. Action Network Pro
2. Bovada (if accessible)
3. ESPN to track scores and schedules
4. Excel Spreadsheet to keep track of wins and losses
It’s You vs. Vegas, you have to figure out how what outcomes are the most lucrative for Vegas in order to make THEIR money so
you can make YOUR money.
But this is not the case on a daily basis, there are certain days of the week in which Vegas will let the public win. The public is the category of the
majority bettors or the side of the main consensus in which most people can agree on a specific outcome for a game.
What you have to understand is there are several ways to make money from just one game. For example, baseball has NRFI (No Run in the First
Inning) or YRFI (Yes Run in the First Inning) so it’s about more than just the winner or the loser when it comes to betting against Vegas. You
might think you’ve figured them out when that may not be the case. I’ve spent thousands of days decoding and doing research on the ways that
Vegas ensures their profit when it comes to providing bets for people to take. So this guide should help you increase your win rate by a
substantial margin. Time to take off your home team jersey and stop betting with your heart, and start betting through the mind of the goat
himself.
What is a “Slate” in Sports Betting?
In sports betting, a "slate" refers to a collection or group of games or events that are scheduled to
take place within a specific timeframe. It is commonly used in reference to daily or weekly
schedules of games in various sports, such as basketball, football, baseball, or soccer.

When you hear someone mention a "slate" in the context of sports betting, they are typically
referring to the lineup of games available for betting during a particular day or week. The slate
may include multiple matches from different leagues or competitions, and each game on the slate
will have its own set of odds and betting options.

Sports-books often present the slate of games in a format that allows bettors to choose which
matchups they want to wager on. They provide information such as the teams involved, the
scheduled start times, and the available betting markets for each game. This allows bettors to
analyze the matchups, assess the odds, and make informed decisions about which bets to place.

By referring to the "slate," sports bettors and enthusiasts can discuss and analyze the upcoming
games collectively, sharing predictions, strategies, and insights related to the betting
opportunities presented by the scheduled events.
 WHAT IS BANK ROLL MANAGEMENT?
Bankroll management, also known as money management, is a crucial aspect of gambling and sports
betting. It refers to the practice of effectively managing the funds or bankroll you have set aside for
betting in order to maximize your chances of long-term success and minimize the risk of substantial
losses.
The primary goal of bankroll management is to preserve and protect your funds while optimizing your
potential for profit.
Here are some key principles and strategies commonly employed in bankroll management:
Setting a Bankroll: Determine the amount o money you are willin to allocate or bettin , and consider it as an investment in entertainment
rather than uaranteed pro it. It should be an amount that you can a ord to lose without ne atively impactin your inancial situation or
daily li e.
Unit Size: Divide your bankroll into smaller units or percenta es. Each unit represents a ixed portion o your total bankroll. The size o the
unit depends on your bettin style, risk tolerance, and the scale o your bankroll. Typically, a unit is around 1-5% o your total bankroll.
Wager Sizing: When placin bets, it is important to bet a consistent percenta e or unit size o your bankroll on each wa er. This approach
ensures that a sin le loss or winnin streak does not excessively deplete or in late your bankroll.
Avoid Chasing Losses: It's crucial not to increase your bet size or stake si ni icantly a ter a losin streak in an attempt to recoup your losses
quickly. This behavior, known as "chasin losses," can lead to urther losses and poor decision-makin .
Bet Selection and Research: Conduct thorou h research and analysis be ore placin bets. Focus on identi yin value bets that o er
avorable odds relative to the perceived probability o the outcome. Makin in ormed decisions based on research can improve your lon -
term pro itability.
Staking Plans: Di erent stakin plans can be employed to adjust your bet size based on the perceived value or con idence level o a bet.
Examples include lat bettin (consistent unit size), proportional bettin (adjustin bet size based on perceived value), or the Kelly Criterion
(bettin a percenta e o your bankroll based on the perceived ed e).
Discipline and Emotional Control: Emotions can o ten in luence bettin decisions. It's important to stay disciplined, avoid impulsive bets,
and stick to your bankroll mana ement plan. Avoid chasin losses, ettin overcon ident a ter a winnin streak, or makin irrational
decisions due to rustration or excitement.
By adhering to sound bankroll management principles, bettors can maintain better control
over their funds, minimize the impact of losses, and increase their chances of long-term
success in sports betting.

-We usually advise a daily budget of 20%-40% of your entire account balance.

PUBLIC DAY VS VEGAS DAY

“UNDERDOG DAY” AKA SHORT SLATE
IN SPORTS BETTING, A "SHORT SLATE" REFERS TO A DAY OR PERIOD IN WHICH THERE ARE A LIMITED
NUMBER OF GAMES OR EVENTS AVAILABLE FOR BETTING. IT IMPLIES THAT THERE ARE FEWER MATCHUPS
THAN USUAL DURING THAT PARTICULAR TIMEFRAME.
SHORT SLATES ARE COMMONLY SEEN IN SITUATIONS SUCH AS:
OFF-SEASON: DURING THE OFFSEASON OF CERTAIN SPORTS LEAGUES, THERE MIGHT BE A REDUCED
NUMBER OF GAMES OR EVENTS TAKING PLACE. THIS CAN RESULT IN SHORTER SLATES FOR SPORTS
BETTORS TO CHOOSE FROM.
MIDWEEK OR WEEKDAYS: IN SOME SPORTS, ESPECIALLY THOSE WITH A HIGH NUMBER OF GAMES LIKE
BASEBALL OR BASKETBALL, THE SCHEDULE MAY BE HEAVIER ON WEEKENDS OR SPECIFIC DAYS OF THE
WEEK. AS A RESULT, THERE COULD BE SHORTER SLATES ON OTHER DAYS, PARTICULARLY MIDWEEK OR
WEEKDAYS.
INTERNATIONAL BREAKS: IN SPORTS THAT INVOLVE NATIONAL OR INTERNATIONAL COMPETITIONS,
SUCH AS SOCCER, THERE MAY BE BREAKS IN THE REGULAR SEASON SCHEDULE TO ACCOMMODATE
INTERNATIONAL TOURNAMENTS OR QUALIFYING MATCHES. THESE BREAKS CAN LEAD TO SHORTER
SLATES DURING THOSE PERIODS.
"Short Slate"
A SHORT SLATE CAN PRESENT BOTH CHALLENGES AND OPPORTUNITIES FOR SPORTS BETTORS. WITH
FEWER GAMES TO CHOOSE FROM, IT MAY REQUIRE A MORE SELECTIVE APPROACH WHEN FINDING
FAVORABLE BETTING OPPORTUNITIES. BETTORS MIGHT NEED TO ANALYZE EACH MATCHUP MORE
THOROUGHLY AND EXERCISE CAUTION WHEN SELECTING THEIR BETS.

On the positive side, a short slate can allow bettors to ocus their research and analysis on a smaller number o
ames, potentially leadin to a deeper understandin o the matchups and reater con idence in their bettin
decisions.

It's important or bettors to adapt their strate ies and bankroll mana ement approaches accordin ly when dealin
with short slates, as the limited number o options can impact bettin patterns and overall risk exposure. Ve as
usually tries to sneak most o their underdo wins on these days or those who like to parlay all o the avorites.
WHAT DOES THE TERM “COVER” REFER TO IN SPORTS
BETTING?

IN SPORTS BETTING, THE TERM "COVER" REFERS TO A SITUATION IN WHICH A TEAM OR PARTICIPANT
PERFORMS WELL ENOUGH TO MEET OR EXCEED THE POINT SPREAD OR HANDICAP SET BY THE
ODDSMAKERS. WHEN A TEAM COVERS THE SPREAD, IT MEANS THEY HAVE OUTPERFORMED THE
EXPECTATIONS PLACED ON THEM IN THE BETTING MARKET.
IN MOST TEAM SPORTS LIKE FOOTBALL, BASKETBALL, OR SOCCER, THE POINT SPREAD IS A WAY TO
EVEN OUT THE BETTING ACTION BY GIVING AN ADVANTAGE OR DISADVANTAGE TO THE FAVORED OR
UNDERDOG TEAM. THE POINT SPREAD REPRESENTS THE NUMBER OF POINTS BY WHICH THE FAVORED
TEAM IS EXPECTED TO WIN OR THE UNDERDOG TEAM IS EXPECTED TO LOSE.

HERE ARE TWO SCENARIOS RELATED TO COVERING THE SPREAD:

FAVORED TEAM COVERS: IF THE FAVORED TEAM WINS THE GAME BY A MARGIN GREATER THAN THE
POINT SPREAD ASSIGNED BY THE ODDSMAKERS, THEY ARE SAID TO HAVE COVERED THE SPREAD. FOR
EXAMPLE, IF THE NEW YORK GIANTS ARE FAVORED BY 7 POINTS AGAINST THE DALLAS COWBOYS, AND
THEY WIN THE GAME BY A SCORE OF 28-14, THEY WOULD HAVE COVERED THE SPREAD BY WINNING BY A
MARGIN OF 14 POINTS (28-14 = 14), WHICH IS GREATER THAN THE 7-POINT SPREAD.

UNDERDOG TEAM COVERS: CONVERSELY, IF THE UNDERDOG TEAM LOSES THE GAME BY A MARGIN LESS
THAN THE POINT SPREAD, THEY ARE CONSIDERED TO HAVE COVERED THE SPREAD. USING THE SAME
EXAMPLE, IF THE DALLAS COWBOYS LOSE TO THE NEW YORK GIANTS BY A SCORE OF 21-24, THEY WOULD
HAVE COVERED THE SPREAD BY LOSING BY ONLY 3 POINTS (21-24 = -3), WHICH IS LESS THAN THE 7-
POINT SPREAD.
Covering the spread is significant in sports betting
because it determines the outcome of a bet based on the
point spread rather than solely on the result of the game
itself. If a bettor placed a wager on the favored team to
cover the spread and they succeed, the bettor would win
the bet. However, if the team fails to cover the spread,
the bet would be considered a loss, even if the team still
wins the game outright.

Remember....
It's important for bettors to understand the concept of covering
the spread and consider it when making their betting decisions, as
it adds another layer of complexity to the betting outcomes
beyond just predicting the winner of a game.
 How to calculate odds in Sports Betting?
IN SPORTS BETTING, ODDS ARE A NUMERICAL REPRESENTATION OF THE LIKELIHOOD OF A SPECIFIC OUTCOME OCCURRING IN AN
EVENT OR GAME. THEY INDICATE THE POTENTIAL PAYOUT OR RETURN A BETTOR CAN EXPECT TO RECEIVE IF THEIR BET IS
SUCCESSFUL. THE CALCULATION OF ODDS DEPENDS ON THE TYPE OF ODDS FORMAT USED, WHICH CAN VARY BETWEEN REGIONS
AND SPORTS-BOOKS. THE THREE MOST COMMON ODDS FORMATS ARE DECIMAL ODDS, FRACTIONAL ODDS, AND AMERICAN ODDS.
HERE'S A BRIEF EXPLANATION OF EACH FORMAT AND HOW TO CALCULATE ODDS IN EACH CASE:

DECIMAL ODDS:
DECIMAL ODDS ARE COMMONLY USED IN EUROPE, AUSTRALIA, AND CANADA. THEY REPRESENT THE TOTAL PAYOUT INCLUDING THE
ORIGINAL STAKE. TO CALCULATE THE POTENTIAL WINNINGS, YOU MULTIPLY YOUR STAKE BY THE DECIMAL ODDS.

EXAMPLE:
IF THE ODDS FOR A TEAM TO WIN ARE 2.50 AND YOU BET $50, THE POTENTIAL PAYOUT WOULD BE: 2.50 X $50 = $125. THIS INCLUDES YOUR
$50 STAKE, SO THE PROFIT WOULD BE $125 - $50 = $75.

FRACTIONAL ODDS:
FRACTIONAL ODDS ARE PREDOMINANTLY USED IN THE UK AND IRELAND. THEY REPRESENT THE POTENTIAL PROFIT RELATIVE TO THE
STAKE. TO CALCULATE THE POTENTIAL PROFIT, YOU MULTIPLY YOUR STAKE BY THE FRACTION.

EXAMPLE:
IF THE ODDS ARE 3/1 AND YOU BET $100, THE POTENTIAL PROFIT WOULD BE: (3/1) X $100 = $300. THIS IS THE PROFIT ONLY, SO THE TOTAL
RETURN WOULD BE $300 + $100 = $400.

AMERICAN ODDS:
AMERICAN ODDS ARE PRIMARILY USED IN THE UNITED STATES. THEY CAN BE PRESENTED AS EITHER POSITIVE OR NEGATIVE NUMBERS,
INDICATING THE AMOUNT YOU NEED TO BET TO WIN $100 (NEGATIVE ODDS) OR THE AMOUNT YOU CAN WIN FROM A $100 BET (POSITIVE
ODDS).

EXAMPLE:
IF THE ODDS ARE -150, IT MEANS YOU WOULD NEED TO BET $150 TO WIN $100. FOR A $50 BET, THE POTENTIAL PAYOUT WOULD BE: ($50 / 150)
X 100 = $33.33 PROFIT + $50 STAKE = $83.33 TOTAL RETURN.

IF THE ODDS ARE +200, IT MEANS YOU CAN WIN $200 FROM A $100 BET. FOR A $50 BET, THE POTENTIAL PROFIT WOULD BE: ($50 / 100) X 200
= $100 PROFIT + $50 STAKE = $150 TOTAL RETURN.

IT'S IMPORTANT TO NOTE THAT SPORTS-BOOKS MAY OFFER DIFFERENT ODDS FOR THE SAME EVENT, AND ODDS CAN CHANGE BASED ON
MARKET FLUCTUATIONS AND BETTING ACTIVITY. THEREFORE, IT'S ADVISABLE TO COMPARE ODDS FROM DIFFERENT SPORTS-BOOKS TO FIND
THE BEST VALUE AND POTENTIAL RETURN FOR YOUR BETS.
 METHODS AND TACTICS:
GAP METHOD
THE GAP METHOD DEPENDS ON WHAT PART OF THE YEAR YOU’RE BETTING IN, BASED ON MY PERSONAL EXPERIENCES,
WE’VE WITNESSED A TEAM BE HEAVILY FAVORITED THEN WIN BY JUST 1 RUN. THE NEXT DAY THAT TEAM THAT WAS
-200 IS NOW -160 AND PEOPLE WOULD ASSUME THAT THE UNDERDOG TEAM CAN COVER THE +1.5 SPREAD AGAIN AND
THAT WASN’T THE CASE DURING THE BASEBALL SEASON SEGMENT IN WHICH NBA, NFL AND NHL WERE STILL ON.
DURING THE SUMMER DAYS WHEN VEGAS ONLY CAN RELY ON BASEBALL WE’VE SEEN INVERSE RESULTS WHERE THE
UNDERDOG COMES OUT THE WINNER WHEN WE HAVE THESE LINE MOVEMENT PATTERNS. THIS ONLY APPLIES WHEN
THE LINE MOVEMENT IS ABOUT A 30-60 POINT DIFFERENTIAL FROM THE DAY BEFORE.

ANTI-SPAM METHOD
THE ANTI-SPAM METHOD JUST REFERS TO YOU DOUBLE CHECKING YOUR WORK ON THE SLATE THAT YOU’RE
ANALYZING. SIMILAR TO TAKING A TEST BACK IN GRADE SCHOOL AND YOU NOTICE THAT THERE’S 5 QUESTIONS IN A
ROW WITH THE ANSWER C AND IT STARTS TO MAKE YOU NERVOUS BECAUSE YOU GO BACK AND DOUBLE CHECK AS TO
WHY THE ANSWER IS THE SAME OVER AND OVER AND OVER. SAME GOES WITH SPORTS BETTING. IF YOU HAVE 5
“OVER” BETS IN A ROW, ONE OR TWO OF THOSE MIGHT BE AN UNDER. IF YOU HAVE 4 UNDERDOGS COVERING IN A
ROW, ONE OR TWO OF THOSE MIGHT NOT WORK IN YOUR FAVOR BECAUSE VEGAS DOESN’T WANT TO MAKE IT THAT
SIMPLE FOR YOU TO MAKE A PROFIT.

SAFETY PARLAY METHOD

ONE OF THE BEST PARTS ABOUT CERTAIN SPORTS-BOOKS IS THE ABILITY TO USE HIGHLY FAVORITED AND
CUSTOMIZED LINES. FOR EXAMPLE, YOU HAVE A STRONG TEAM THAT’S ALREADY FAVORITED TO WIN STRAIGHT UP AT
-230 ODDS, NOW YOU GO IN TO THE ALTERNATE LINES AND GIVE THEM A POINT BONUS LET’S SAY +4, NOW YOU HAVE
-440 ODDS AND I KNOW THAT DOESN’T PAY MUCH AS A SINGLE, HOWEVER, IF YOU FIND 2 OR 3 TEAMS WITH SIMILAR
SITUATIONS AND ADD THOSE EXTRA POINTS ON TOP OF A TEAM THAT YOU ALREADY EXPECT TO WIN STRAIGHT UP..
YOU CAN PARLAY ALL 3 AND GET DECENT ODDS AND A WORTH-WHILE RETURN ON YOUR RISK. THESE ARE NOT
GUARANTEED, HOWEVER, THEY DO INCREASE YOUR CHANCES OF WINNING YOUR TICKET.
 Line Movement
LINE MOVEMENT REFERS TO THE CHANGES IN THE ODDS OR POINT SPREAD OF A GAME OR EVENT OVER TIME. IT OCCURS AS A
RESULT OF VARIOUS FACTORS, SUCH AS BETTING ACTIVITY, NEWS, INJURIES, WEATHER CONDITIONS, OR OTHER FACTORS THAT
MAY INFLUENCE THE PERCEPTION OF THE OUTCOME.
LINE MOVEMENT CAN BE OBSERVED IN DIFFERENT TYPES OF SPORTS BETS, INCLUDING POINT SPREADS, MONEY-LINES, AND
TOTALS (OVER/UNDER). IT IS TYPICALLY TRACKED AND DISPLAYED BY SPORTS-BOOKS TO INDICATE HOW THE ODDS HAVE
SHIFTED SINCE THE OPENING LINES WERE SET.
HERE ARE A FEW SCENARIOS THAT ILLUSTRATE LINE MOVEMENT:

POINT SPREAD EXAMPLE: LET'S SAY A FOOTBALL GAME INITIALLY OPENS WITH TEAM A FAVORED
BY 3 POINTS OVER TEAM B. HOWEVER, AS MORE BETS COME IN ON TEAM A, THE SPORTS-BOOK MAY
ADJUST THE LINE TO TEAM A FAVORED BY 4 POINTS. THIS MOVEMENT INDICATES THAT MORE
PEOPLE ARE BETTING ON TEAM A, CAUSING THE SPORTS-BOOK TO INCREASE THE POINT SPREAD
TO BALANCE THE ACTION.
MONEY-LINE EXAMPLE: IN A BASKETBALL GAME, THE INITIAL MONEY-LINE ODDS FOR TEAM X MIGHT
BE -150, INDICATING THEY ARE THE FAVORITE. HOWEVER, IF THERE IS NEWS OF A KEY PLAYER'S
INJURY ON TEAM X, THE SPORTS-BOOK MAY ADJUST THE LINE TO -130 TO ENCOURAGE MORE BETS
ON THE UNDERDOG, TEAM Y. THIS LINE MOVEMENT REFLECTS THE CHANGE IN PERCEPTION CAUSED
BY THE INJURY NEWS.
TOTAL EXAMPLE: FOR AN NFL GAME, THE OPENING TOTAL MIGHT BE SET AT 48 POINTS. AS
WEATHER FORECASTS PREDICT HEAVY RAIN DURING THE GAME, SPORTS-BOOKS MAY ADJUST THE
TOTAL LINE DOWNWARD TO 45 POINTS. THIS LINE MOVEMENT REFLECTS THE EXPECTATION THAT
THE WEATHER CONDITIONS WILL LIKELY IMPACT THE SCORING POTENTIAL, LEADING TO A LOWER
TOTAL.
LINE MOVEMENT IS CLOSELY MONITORED BY EXPERIENCED BETTORS AS IT CAN PROVIDE INSIGHTS INTO HOW THE BETTING MARKET AND
ODDSMAKERS PERCEIVE THE GAME OR EVENT. IT CAN INDICATE THE DIRECTION IN WHICH PUBLIC SENTIMENT OR PROFESSIONAL BETTORS ARE
LEANING AND MAY INFLUENCE THEIR BETTING DECISIONS.

HOWEVER, IT'S IMPORTANT TO NOTE THAT LINE MOVEMENT ALONE DOES NOT GUARANTEE A CORRECT PREDICTION OR WINNING BET. IT IS JUST ONE
FACTOR TO CONSIDER ALONG WITH OTHER RESEARCH, ANALYSIS, AND STRATEGIES WHEN MAKING INFORMED BETTING DECISIONS.
 STANDARD VEGAS VS. PUBLIC SCHEDULE FORMAT
BASED ON MY RESEARCH, IT MAKES SENSE FOR VEGAS TO WIN AT A RATIO OF 4.5/7 DAYS OF THE WEEK AND THE PUBLIC TO
WIN 2.5/7 DAYS OF THE WEEK IN ORDER TO KEEP THE PROFITS FOR THEM HIGH AND KEEP THE PUBLIC COMING BACK FOR
MORE WHILE SLOWLY DRAINING THEIR BANKROLL.

(USING THE ACTION PRO APP YOU CAN SEE WHERE THE MONEY/CONSENSUS IS SO YOU KNOW WHAT TO FOLLOW ALONG
WITH)

THURSDAY: VEGAS DAY, RETURNING TO

MONDAY: PUBLIC STRONG DAY, MOST SPORTS-BOOKS SEND NORMAL SCHEDULE.
CUSTOMERS A BONUS OR A CREDIT TO THEIR ACCOUNT SO
THEY CAN CONTINUE TO BET THROUGHOUT THE WEEK.
FRIDAY: PUBLIC DAY, MOST PEOPLE JUST
GOT PAID AND THEY’RE LOOKING TO
TUESDAY: VEGAS DAY, SIMPLE THEY JUST WANTED YOU TO HAVE SOME FUN. WHY NOT TAKE YOUR
FEEL GOOD ABOUT MONEY IN ORDER TO TAKE IT AWAY FROM TALENTS TO YOUR LOCAL OR ONLINE
YOU ON TUESDAY. SPORTS-BOOK AND TRY YOUR LUCK?

WEDNESDAY: HYBRID DAY, WITH BASEBALL WE’RE USED TO THE

GAMES STARTING IN THE EVENING ONCE OUR FOLKS GET OFF FROM
SATURDAY: VEGAS DAY, IT’S THE WEEKEND.
WORK, HOWEVER ON WEDNESDAYS YOU CAN USUALLY EXPECT TO
VEGAS JUST LET THE PUBLIC EAT THE DAY
SEE THE GAMES STARTING A LOT EARLIER. THE REASON WHY IS
BEFORE, BUT NOW THEY NEED THAT BACK.
BECAUSE THEY PLAN ON SPLITTING THE SLATE IN TWO HALVES.
THE FIRST HALF OF THE GAMES DURING THE 9-5 HOURS CAN BE
CONSIDERED PUBLIC, WHY? BECAUSE YOU’RE TOO BUSY AT WORK SUNDAY: VEGAS STRONG DAY, YOU CAN
DURING THESE HOURS TO CATCH THE ACTION. ONCE THEY GET EXPECT AND ASSUME THE WORST BAD
HOME THE VEGAS PICKS COME INTO PLAY SO IT ACTS AS A DOUBLE BEATS AND MOST RANDOM UPSETS ON
WHAMMY. ON THE FLIP SLIDE, VEGAS BETTORS USUALLY WORK SUNDAY. IT’S TO CAP OFF THEIR PROFITS
REMOTE OR HAVE SPORTS BETTING AS A MAIN SOURCE OF INCOME, FOR THE WEEK AHEAD OF A DAY IN WHICH
SO EARLIER IN THE DAY THEY’RE GETTING SMOKED WITH PUBLIC THEY HAVE TO PLAY NICE FOR THE PUBLIC
PICKS AND BY THE TIME IT’S THEIR TURN TO SHINE IN THE EVENING TO WIN AGAIN. SO THEY GO BIG OR GO HOME
THEY’VE REACHED THEIR PERSONAL BETTING LIMIT FOR THE DAY ON SUNDAYS.
OR SIMPLY RAN OUT OF FUNDS.
This applies to most major sports but
we haven’t done adequate testing
throughout the NBA and NFL
seasons due to it being MLB season
at the moment.
TEST #1
HTTPS://QUIZGECKO.COM/QUIZ/SPORTS-BETTING-
LAWS-AROUND-THE-WORLD-4JX9WU

TEST #2
HTTPS://TAKE.QUIZ-MAKER.COM/Q5YJ65JSE