You know, it's still shocking to me that there are sports bettors out there, who want to do this professionally; who want to do this full-time, or at least generate a good second income from betting on sports, and that these guys out there just have one out.
That makes absolutely no sense to me. You simply must be funded at multiple sportsbooks.
I mean, if you can pay $120 for something, why on earth would you pay $150 for it? It just makes no sense to me. Let me throw some math at you.
If you take all of the bets that I have already made, my average odds that I have bet over about 3,500 bets are about -105 (1.95).
So, taking into consideration my win percentage and my return on turnover, that equates to roughly 271 units. Now, if I take those same numbers, but I bet them at average odds of -110 (1.91), that would equal about 189 units.
That is an 82 unit difference! If you were going off of how much I'm betting per unit right now, that is a little more than $12,000!
So if I were not shopping around, and I only placed my bets at the same sportsbook every time, then I would have missed out on more than $12,000. That is pure idiocy, plain and simple.
Now, in the early days of sports betting, especially before the internet took off, I can understand that it was a bit difficult to shop around for best prices.
Especially if you live in Las Vegas and you would have to actually drive to each sportsbook to see which one was giving you the best number.
However, now with odds comparison sites such as SBR Odds, OddsPortal, and BetBrain, you really don't have an excuse for not shopping around for the best price.
I certainly understand if you're starting with a low bankroll and you just don't have the money to deposit an extra $500 or $1,000 into a different sportsbook.
I get it that not everybody is starting off at the same level as everybody else. I understand that sometimes you have to start small and do what you have to do in order to grow to the level that you want to be at.
Another good thing about shopping around and having multiple funded sportsbook accounts is that you get to spread your winning around.
Unless you are lucky enough to be with a sportsbbook that doesn't ban winners, such as Pinnacle, SBOBET or BetFair, then you're going to have to worry about having your account limited, or even just straight up banned for consistently winning.
It is way better to have money in 10 different sportsbooks and take each of them for an average of let's say $250 a month then it is for you to take 1 sportsbook for $2,500 a month.
Like I already said, really the only excuse that you have is if you're only starting with say a couple hundred dollars. If you have a bank roll of $1,000, then there's no excuse for not having 4 sportsbook accounts with $250 in each of them. If you're starting with a $2,000 bankroll, then you can have 4 accounts with $500 in each of them, or 10 accounts with $200 in each of them.
With how easy it is to transfer money in and out of sportsbooks these days, with wallets such as Skrill, Neteller, and Bitcoin, there really isn't anything to be concerned about.
I know that sometimes you may go on a losing streak at one sportsbook and end up wiping out your balance there, while essentially transferring a balance over to another sportsbook that you happen to go on a winning streak on.
So in these cases, it is incredibly easy to just transfer the money back from your winning sportsbook over to your losing sportsbook account that you wiped out on, or even just depositing more money into that account.
Plus, sportsbooks absolutely love it when you lose and deposit more money.
Remember, if you want to make consistent money from betting on sports, then you must start treating your betting as a business.
You must pay the absolute best price possible, otherwise you're simply leaving money on the table.
It's already hard enough to win as is, and you need every weapon available in order to beat the sportsbooks. After all, they will gladly take every last dollar that they can from you, so why would you not be willing to do it to them?
Really, there's no excuse for not being funded at multple sportsbooks. To me, it is just a matter of laziness, or not thinking that you're big enough or serious enough, or even ready enough yet to diversify and have multiple sportsbook accounts.
It's also not entirely 100% about getting the best possible price, but you also need to be able to get a bet down.
What I mean by this is that not all sportsbooks will take action on every game, or every prop out there.
If you live in the United States, and you are betting European soccer or tennis, sure most of the main American-facing sportsbooks will carry all of the big leagues, but what if you are wanting to get a bet down on one of the secondary leagues?
If your only sportsbook does not carry that game, then unfortunately you're going to potentially miss out on extra profit.
It is also the same situation if you live elsewhere in the world, outside of the US, and you were wanting to bet on UFC/MMA, college football, college basketball, or just something that's in a smaller league or conference.
If you're just funded at one sportsbook, you run into the possibility of not having enough liquidity, or simply your sportsbook not carrying the bet at all which would cause you to also potentially miss out on extra profits.
It's not really an option; this is pretty much mandatory. It is just as vital as tracking your bets, and learning how to be patient.
I know that it's so much easier to just make all of your bets at one sportsbook. It does take more work to check an odds comparison site to see who has the best odds, but in the end, it's absolutely worth it.
Steve firmly believes that most meals can be improved with mac n cheese. When he's not helping people make money betting on sports, Steve loves mountain biking, playing video games with his son, & annoying his wife. Oh, and he's a big Dallas Cowboys fan. Don't hate.