INDEX BETTING 101
Welcome sports gamblers, sports bookies, handicappers and anyone who just wants to get rid of his or her hard-earned money. Welcome to Index Betting 101, this is your professor, Jeffdstuff, and I will teach you everything you need to know about betting in basketball.
The NBA and NCAA College Basketball, as well as the NFL and NCAA College Football wars are here and it's only right that we, as red-blooded sports fans, chime in on these latest gridiron battles as we put our money where our mouth is.
Index Betting 101 is here with professor Jeffdstuff to let you do just that without the hassle of losing butt-loads of cash.
Yup, you read it right, you'll be unceremoniously schooled.
LESSON 14
BALANCE IN INDEX BETTING
Welcome to another very informative installment of Sports Betting Lessons, this is Professor Jeffdstuff, the prof with the stuff, and I will feed you guys again with your daily dose of Sports Betting 101 for this year's hardwood wars in the NBA and the NCAA. As you may already know, you'll be unceremoniously schooled again.
Yesterday, I thought you guys that keeping a cool head is important. How important? Heck, it can save you butt-loads of cash, that fo' sho'.
Today, I will teach you guys something that the bookies all around the world does not want bettors like us to find out. I'll be unleashing the secret today so without further ado, today's Sports Betting 101.
Balance.
Yup, this is the very word bookies always practice. Of course, they do this to make any betting proposition as favorable to them as possible. They just want you to think that they are just making it fair for us bettors but it's not that.
Bookies balance the books to put some money on one side that fails in comparison to a favorite.
For instance, the Clippers will be hosting the Detroit Pistons. We very well know that the Pistons will always pound on the Clippers, no matter what time of the year it is.
In spite that, a bookie could have a line that may look like this.
L.A. Clippers
Detroit Pistons -1
This would mean that the Pistons are only a one point favorite over the Clippers despite the fact that we know the Pistons can beat the Clippers with a 14 or even a 21-point lead.
Of course, the money will pour on the Pistons. When the bookies realize that there's no action going on the Clippers' side of things, they will ''balance'' the books.
See, I'm using the term ''balance'' ever so slightly here.
When this happens, the line could look like this.
L.A. Clippers +21
Detroit Pistons
Now, you have the Raiders as heavy favorites and the Clippers with a +21 point advantage to start the game. This will make bettors find it harder to bet on the Pistons. It could even bring them to the point where they would be more comfortable betting on the Clippers.
See how bookies ''balance'' everything?
That's another edition of Sports Betting Lessons. Keep it here on these pages because I'll keep on letting the truth be told. This is Professor Jeffdstuff, signing off. Peace!
