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- The Lock Talk - Newsletter #21
The Lock Talk - Newsletter #21
This NBA Trend Has Been...
TOPICS OF THE DAY
IT HAS BEEN A WHILE!
Took a break from the newsletter to take care of a few things but we are back!
We will be sending out on a more consistent basis and offer more features very very soon!
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SPORTS BETTING SCHOOL
IDENTIFYING OVER/UNDER PRICED BETS
Here is the scenario!
1. Assessing a Bet:
You think: Your favorite team has a killer shot at winning β you're calculated odds it's around 60%.
2. Bookies Speak -150:
FanDuel: The bookies slap -150 odds on your team, claiming a 60% chance of victory according to them.
3. Fair or Foul?
Truth Bomb: When the odds match your gut (60% vs. -150), it's like the betting gods nodding in agreement. No magic, no rip-offs β just a level playing field.
4. Jackpot Alert: +150 Odds!
Plot Twist: Now, imagine the bookies throw +150 your way, suggesting only a 40% chance of your team winning.
5. Smell the Opportunity:
Eye-Opener: Hold up! If you still swear by that 60% assessment and grab those +150 odds, you might just be onto something. It's like the bookies left the door open, and you're ready to snatch some value.
Word of Caution:
Reality Check: Betting ain't a walk in the park. The sports books usually do not have HUGE GAPS like this but it DOES HAPPEN.
Another example of this is when sports books post different odds for the same bet! If we can get -120 on one book when others are offering -140, you found 20 pts of value!
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