Football Betting Lines
Football betting lines can vary depending on which sportsbook you are looking at but they are often very similar because if one sportsbook offers football betting lines that are slightly astray they are quickly jumped on by the eagle eyed gamblers who are like eagles circling a dead animal in that any mistake is notice quickly and punished with the minimum of messing around.
If you are in search of a good selection of football lines that are fairly priced you should look no further than ScoresAndOdds.com where you will find a vast selection of football lines as well as so much more information.
If you are wondering how football betting lines work you need to understand that the whole sports book industry is centred around betting lines and it is how the sportsbooks use these betting lines which determines how successful they are, or not as the case may be.
If money comes in for a particular selection the line will react accordingly in order to limit liabilities. On the other hand if there is not much interest in a particular selection you will often find that the football betting line is altered in order to attract more money. There are ways of exploiting these lines and one of the most common is used in the UK sport books especially, but more and more savvy individuals are also starting to operate in the same way on the US sportsbooks.
This particular method is known as arbitrage and is more commonly found on the financial markets but these people have adapted it to the sport betting markets. To briefly explain the method, it is where a minimum of two sportsbooks are found to have different football betting lines on the same event. By manipulating the amount of money that is put down and by taking advantage of the different football betting lines it is possible to come up with an arbitrage situation or what is also known as a sure bet.
What this basically means is that you are guaranteed a return on your initial investment no matter what the final score is in the event that you have chosen. It is usually a return of around 5%, any more than that it could be a case of a palpable error and the whole bet would be void. This is the nightmare of the arbitrage trader as it can been a very large loss. Anyway, I know that 5% doesn't seem like much but if you consider that these traders use large stakes which are traded over several different account you can only imagine the kind of profits that they are making. If you can't imagine then please believe me when I say that the profits are very large indeed.
This is another reason why the football betting lines that you see on the likes of ScoresAndOdds.com will change very quickly and why you have to jump in and place the bet if you spot one. The arbitrage traders have complex software set up that scans all of the sportsbooks football betting line every few seconds on the look out for a mistake.
It must be said that sportsbooks don't like this activity and many of them will ban an account if it is discovered what they are up to. Even though I am not involved in arbitrage trading myself I don't really agree with the stance of the sportsbooks on this matter. I believe that the arbitrage traders have simply found an edge so I say good luck to them.
I realise that many of these traders are from a financial background but I do know a couple of 'mere mortals' who are successfully involved in arbitrage trading and who make a great deal of money from it. They obviously have their own methods in place for finding these trades in the football betting lines but most of it is just looking around the various sports books. I suppose when you think about it, there are so many markets that the sportsbooks have to price up properly that there is bound to be the odd mistake being made every now and again.
One tip though, I know that they download the betting schedule from the ScoresAndOdds.com website as they say that helps them plan their arbitrage assault in the easiest possible way. A downside to arbitrage trading that I forgot to mention is that a relatively large investment is required to take full advantage. I read an article in the Wall Street Journal recently which said that some people were getting into sports arbitrage by taking out a loan or even several loans. They argue that as there was no risk involved in the betting procedure it wasn't a problem, but I would hate to be in their shoes if something went wrong, a lost internet connection for example!
Just by spending some time on ScoresAndOdds.com you will soon see how these opportunities arise and how quickly you have to be off the mark especially in the lead up to an event. In the final few minutes you will see that the football betting lines can move quite rapidly, especially if there is a late surge of money and we all now know where that probably came from.