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BETTING WITH MORE THAN ONE SPORTSBOOK!
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To make money betting on sports, you must to 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:
Value - 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 - 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 gamblers' money with them. Some of these
'books you could have predicted, 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.
Bonuses - 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 "retention" 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.
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