Most Profitable Sport to Bet On
Everyone wants to be a profitable sports bettor, but nobody knows which sports actually profit the most if done properly. Because there are fewer games in football, profiting can be a little bit easier with no player getting a random rest during the season. In college football and the NFL, you play if you’re healthy or you sit if you’re not. There’s no load management or off days. That’s why football leads the list in profitable sports. Here are the other sports on the list along with football.
Most Profitable Sports to Bet On
Each sport has its place in the sports betting industry. It’s just that some sports are much more profitable than others. Football has the highest volume wagered while also being the most profitable sport, and that’s due to the fact that there’s less games to bet on.
For example, the NFL plays 256 games a season, while the NHL and NBA play 1230 games in a season, respectively. Of course, the MLB has the longest schedule and plays 2430 games per 162-game season.
There are more total games to bet on in the MLB, but the difference between the MLB and all other sports is that outcomes are based on a team game. In the MLB, there are one-on-one match-ups that decide the team’s fate.
The Top Four Sports to Bet On for Profit:
1. College Football
3. College Basketball
What makes College Football so Profitable?
In college football, there are so many games played on Saturday that many believe it’s very easy to hunt down value in some games. In college football, you will see larger margins and bigger spreads with over/under surpassing 70 points in prime-time games with ranked opponents.
We don’t see that in the NFL. In College football, you’re really able to pinpoint mismatches where you wouldn’t be able to get in any other sport.
There’s also a lot less volume placed on a college football game compared to an NFL game. So, you will see spreads that change three points overnight compared to an NFL game, where it’s breaking news if a line changes a full point. With less volume, lines can shift more frequently.
If the lines do change frequently in a specific game, you should bet where you see the value after the line change, if there’s value.
Many beginner bettors will bet just the moneyline, spread, or over/under. But there’s so much more to bet on. The value is inside the prop bets.
If you have a strong feeling about one side of a team but just can't figure out the other side, you can look into betting team totals and other props that help your confidence in a certain area spark.
The other reason why bettors can be so profitable in college football is that they can focus on one conference. If a bettor just focuses on the SEC and watches and gets a feel for those games, they’ll be able to really buckle down and make the right choices. When you get a feel for each team, you begin to scout out the value when it’s there.
But to find the top value, it’s usually best to look at lower tier games. Those are games that oddsmakers don’t focus on nearly as much because the volume for those specific games will be low. You can value hunt on the lower tier games for sure.
The Two Least Profitable Sports:
Why are NHL and MLB Less Profitable ?
After the NHL expanded into Las Vegas, of course the NHL became more popular when it came to betting.
The MLB and NHL have the runline and puckline. They don’t have the spread. It’s usually -1.5 or +1.5 for either team.
This makes it hard for bettors to find value with margins so close.
Bettors will make the mistake of betting favorites on the moneyline too often. To profit, you would need 60 percent of -150 moneylines to win in a given season. But if you took +150 underdogs, you would only need to win 40 percent of the time.
During the baseball season, the better starter is usually favored for their given team. So, for many, it’s hard to bet against the better starter even if the underdog team has a chance to win down the line or other metrics that show a potential upset.
Also, because the season is so long, there’s plenty of opportunity to make money throughout the season. Some bettors see plenty of options daily and try to bet more games than they should be. Most profitable bettors are bettors who limit the amount of games bet on daily.
If you have a poor bankroll management system, it can also take a toll on you, especially in the MLB. Because the season is so long, if you’re not managing your bets and money properly, things can really take a turn for the worst. You will end up betting money you don’t have or try chasing wins after your losses. Because the MLB is played every day with plenty of volume, it can trick bettors into thinking they’ve figured out a system.
On the other hand, the NHL is still one of the lowest bet sports in America. The reasoning is simple. The NHL is a sport where there’s very few points (goals) scored per game. This is the same problem with MLB (with runs).
That’s why these two sports are tricky.
For bettors, the NHL and MLB need some adjusting. Football and Basketball have enough scoring and possessions to figure out how a game might go. Teams are just guaranteed 27 outs as there’s no time limit. In the NHL, the puck changes possession more times than you can account for when looking at metrics.
This is why sports with less scoring are the least profitable sports to bet on.
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