The Best Tennessee Online Sports Betting Apps. It will also become the first southern state to flip the switch for online sports betting, perhaps paving the way for future rollouts in other. With Michigan legal sports betting activating, Michigan residents can begin placing legal, online Detroit Red Wings bets as of Friday, January 22. New to sports betting? SportsbookWire has you covered with a sports betting 101 guide to NHL betting, covering the money line, against the spread, Over/Under and mobile betting.

The statement I’m about to make will most certainly shock any sports bettor who reads it. While most of us are under the impression that everyone betting sports wins long term, so long as they bet often enough, this isn’t actually true.

Wait you’re not surprised? Of course you’re not! Everyone knows the bookmaker has an advantage so more times than not sports bettors lose. However, what if there was a way that the rolls could be reversed; what if the sports bettor always had the advantage?

This is in fact possible.

Have you ever heard the term advantage player? This is a label gambling companies assign to players who only bet when the odds are in their favor.

Even though “on average” bookmakers have a 4.55% advantage on straight bets (2.38% @ -105), the key word is “average”; advantage players find bets where the bookmaker’s advantage is negative. Whether your goal is to be a sports betting pro, or just earn a little money on the side, the first step to winning is to stop making –EV bets.

If you understand what expected value, -EV, and +EV mean, go ahead and skip down to our advice on finding +EV bets. If you’re not familiar with this concept continue reading.

Expected Value (EV) Explained

Expected value is a term professional gamblers use on a regular basis. To explain what it means in simple terms I’ll use an example. Let’s say me and you decided to have a coin flipping contest. We flip coins and you give me $1 for each outcome of heads; I give you $1 for each outcome of tails. We could flip coins for all eternity and neither of us will ever have an advantage because on average half the time we lose $1 half the time we win $1. While there will be swings back and forth, as long as we flip the coin enough times eventually we’ll both break even. This particular bet has neutral expected value.

Now let’s say I’m tired of flipping coins, and want to quit, but while begging me to stay you offer me a better deal. This new deal pays me $1.10 for every heads, and I still pay you $1.00 for every tails. What happens now is half the time I win $1.10 and half the time I lose $1.00. If we flip 100 times I should average 50 wins of $1.10 ($55) and 50 losses of $1 ($50). Every flip of the coin I have a positive expectation (+EV) of 5 cents. As the one offering me this proposition you have the opposite, every flip of the coin is 5 cents –EV for you.

Best Way To Bet On Sports Online Betting

Every wager made in sports betting has either a positive expected value (+EV), negative expectation value (-EV) or in rare cases neutral expected value. Winning sports betting requires avoiding –EV and finding +EV bets.

Finding +EV Sports Bets

The reasons most sports bettors don’t spend time learning the tricks of advantage players is it’s slightly time consuming, most have no leads how to do it, are overwhelmed or when they do learn it’s not actually fun. If you’re looking for something fun we suggest paint balling, a trip to the amusement park, circus or what have you. If you’re looking to actually make money then you’ll need to know how to find +EV bets.

At TheSportsGeek.com we have several articles on this topic you’ll want to read:

Teaser Betting Strategy – This is perhaps the easiest method a sports bettor can use to find bets with a positive advantage. When you also read our article on the current betting market, you’ll realize just before game time the lines are efficient. Teasers are based off the current betting lines, so no longer do you need to go do any deep analysis to find out whether as straight bet is +EV. Here find spots where teasers increase the win rate by enough and you’ll have a +EV bet. This is all described in our article on teaser betting strategy.

Prop Betting Strategy – Prop bets are generally considered the easiest wagering opportunity for sports bettors to beat. In our article on prop betting strategy I give a full break down of the prop bet “which team will score first”. After reading that article you’ll have enough information to start finding +EV bets on this specific prop. In time, as you get experience you’ll be able to solve other prop bet on your own and then beat them using as similar method to the one I show in the example.

Must Read Sports Betting Books

If you’re new to advantage betting some books that will help you greatly with the basics are:

1) Sharp Sports Betting by Stanford Wong

2) Weighing the Odds in Sports Betting by King Yao

Once you’re much more experienced and ready to take things to the next level then I strongly Conquering Risk: Attacking Vegas and Wall Street by Elihu D. Feustel. This is a book for advanced sports bettors and not a good read for anyone not already winning. It is heavily math, statistic and handicapping intensive. If you eventually decided on a career as an advantage player at some point down the road you’ll want to work to understand what Elihu D. Feustel shares in this book.

No matter what methods you use to find +EV bets, the information contained in our article on finding maximum value is a must read. Next, if you’re thinking about purchasing picks, read our article on winning without a tout. In that article you’ll also find some information on getting free picks. Use that with the earlier mention getting max value article, and shopping the market and you’ll likely be turning an easy, yet slightly time consuming profit.

With this out of the way let me now cover the easiest way to get your bankroll started: “Bonus Whoring”.

A Free Lunch in Sports Betting

If you’ve heard the saying there is no such thing as a free lunch, well think again. Here are some bonuses that sports betting sites offer to players making their first deposit:

At the time of writing this Bookmaker is offering a massive holiday bonus of 25% up to $2,500 sports + 175% up to $1,000 poker + 100% up to $250 casino. If you don’t have an account, visit Bookmaker and register using Bonus Code THEGEEK on the sign up field. After logging in, head to the cashier where the available “deposit bonus codes” will be listed. Use this code and you’ll now have the added advantage of massive free play bonus.

Bovada offers 10% cash bonus on bettor’s first deposit. The best thing about this bonus is it is instant and it’s cash (as opposed to free play). Also no crazy strings such as rollover, hold period etc, simply roll your initial deposit and 10% bonus over a single time and it is free and clear your own money to keep.

Here you can get up to $1,000 in free bonus money. Getting the max bonus is a multi step process. First sign up, and be sure to leave the Promotion Code field empty. Next follow the steps on our BetOnline Bonus page to negotiate a massive bonus with their live support.

When you combine +EV bets with free bonus cash, winning at sports betting is a cinch. The only piece of the puzzle you have left is protecting and growing your bankroll. Our best advice here, never wager more than a few percent of what you have on hand on a single game.

How To Do Sports Bets

Once you have this all down, while it takes other sports bettors a lot of luck to win, the opposite is true for you. A bookie beating an advantage player who uses responsible bet sizing, keeps his composure during downswings while making only +EV bets, is quite difficult. Follow this and the only ways you lose is horrible bad luck!

Once again don’t forget to take advantage of the bonus at www.Bovada.lv!

We wish you the best of luck and know soon enough you’ll be shacking your head confused the same at us, whenever you hear the statement “most sports bettors lose” and clearly you won’t be on of them.

Other Advanced Sports Betting Strategy Articles:

With Michigan legal sports betting activating, Michigan residents can begin placing legal, online Detroit Red Wings bets as of Friday, January 22.

New to sports betting? SportsbookWire has you covered with a sports betting 101 guide to NHL betting, covering the money line, against the spread, Over/Under and mobile betting.

Be sure to sign up at BetMGM Sportsbook for their risk-free offer for new sports-betting customers within Michigan.

How to bet on Red Wings: Bet types

Money line (ML) NHL betting

The simplest form of sports betting and the first stop of all hockey bettors. The money line sets odds representing an implied win probability for both teams. Odds may range from -200 for a favorite to +200 for an underdog, or extend in either direction for more lopsided matchups.

The most common two-way lines are for a winner either in regulation, overtime or a shootout. Three-way lines can be set and include overtime and shootouts as a “tie” for a third option at higher odds.

Against the spread (ATS) NHL betting

Spread betting, also known as the puck line, is much less popular in hockey than it is in either football or basketball. Almost always, the line will be set at +/- 1.5 and asks whether a favorite will win by 1 or more goals. Odds are typically equal on either side of the line and most commonly range from -120 to +120.

Alternate lines of +/- 2.5 can be found for a greater profit on favorites should they win by 3 or more goals or as a safer play for the underdog to stay within 2 goals in a loss.

Over/Under (O/U) NHL betting

Most NHL games end in a goal total of either 5 or 6. The Over/Under is usually set at 5.5 with equal odds on either side asking whether the two teams will combine to score more or fewer than 5 goals.

Like spreads, alternate lines exist with more profitable odds or as a safer play with a higher implied win probability on one side.

Attention Michigan residents!

Michigan betting is now legal online.

Get some action on the Red Wings or any NHL matchup with a legal, online bet at BetMGMin CO, IA, IN, MI, NJ, PA, TN and WV. New customer offer: Risk-free first bet up to $500, paid in free bets. Terms and conditions apply. Bet now!

How to bet on Red Wings: NHL futures

Instead of betting on a specific game, get some action on the Red Wings’ 2021 season as a whole or on certain players like captain Dylan Larkin.

NHL Future Betting to win the Stanley Cup can range from +650 for a favorite like the Colorado Avalanche to the Red Wings’ +10000 long-shot odds.

At +10000, the Wings have an implied win probability of just 0.99%, but a $10 bet would return a profit of $1,000 if they pull it off.

Player futures exist for the Hart Trophy (MVP), Vezina Trophy (top goaltender) and other end-of-season awards, or as Over/Under lines for goal or point totals.

Also see:

NBA Betting – How to bet on Detroit Pistons for beginner bettorsMichigan sports betting: BetMGM launches mobile betting app

How to bet on Red Wings: Live/mobile betting

BetMGM has an excellent sports-betting mobile app that allows Red Wings fans to get some action on a game from puck drop to the final whistle. Odds and lines adjust throughout the game to reflect the score or current events such as power-play opportunities or lopsided shot counts.

Following along with the game and knowing which team truly has the upper hand at any one moment can be a great way to get some value, i.e., if the pregame favorite were to give up an early power-play goal.

Get some action on the Detroit Red Wings or other NHL teams by signing up and betting at BetMGM.

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