Getting betting line value is important to your wagering bankroll.
Offshore Sportsbook Still Dominate
The entire sports betting industry continues to grow at an accelerated pace. Offshore sportsbooks have been catering to online bettors for close to thirty years going all the way back to the mid-1990’s. US-based online books go back less than four years.
Given the huge gap between the two online betting sources. There are bound to be some major competitive advantages that remain in place. There is no substitute for experience and today’s top-rated offshore books have also developed a high level of business expertise.
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One of the biggest competitive differences between the two is the actual playing field in the marketplace. Offshore books are governed and regulated by the country of their origin. Most of the best offshore books are based in Costa Rica.
No Restrictions Equals Betting Line Value
While the offshore industry is regulated to ensure safe and fair play. These books are not bound by restrictive betting practices and ridiculously high tax rates on their sports betting revenue.
US sportsbooks are governed and regulated by each individual state they operate in. In New Jersey, you cannot wager on an in-state college team as one form of betting restriction. In New York, the revenue taken in by US-based online sportsbooks is taxed at 51%.
Any added cost to operate a sportsbook in a state with restrictions and high tax rates is passed on to the end consumer.
This happens to be your average sports bettor. Get betting line value in your favor.
Don’t Be The Average Sports Bettor
One of the easiest ways to pass on added operating costs is through betting lines that offer a higher return to the house.
The most obvious example of this added cost through less competitive betting lines is a game’s moneyline.
If you are betting the favorite at -145 at a typical US online sportsbook. There are numerous options to bet that same favorite at -140 or even -135 at various offshore books.
The offshore books can afford to tighten up the juice charged to book that bet. The US book needs to squeeze as much juice as possible out of the bets they take in.
You can also find subtle differences in betting lines for point spreads and total lines. While these types of betting lines tend to remain rather stable from one online book to the next, the juice charged by a book can vary.
Betting Line Value on the Vig
For example, a game’s spread is seven points across the board. You might only pay -105 at an offshore sportsbook to bet the underdog. While paying the full -110 juice at a US book. Saving an extra $5 on a losing $100 bet may not sound like a big deal.
However, saving $5 on every bet you lose over the course of the year is going to add up to quite a bit of money.
The best way to find betting line value across every real money sports wager you place is to actively compare the betting lines. By making yourself a smarter bettor, you will be making the most out of your overall sports betting strategy.
Even if you consider yourself to be a recreational sports bettor that is only looking to bet a few big games each week, saving money through betting line value is one of the easiest ways to boost your overall betting bankroll.