Welcome to the ultimate guide to NFL betting in 2023! Whether you’re a seasoned bettor or just starting out, this comprehensive guide is here to provide you with all the essential information and updated projections you need to make informed wagers on the exciting world of NFL football. From understanding the basics of betting to analyzing key statistics and trends, we’ve got you covered. So sit back, relax, and get ready to dive into the thrilling world of NFL betting!
The Ultimate Guide to NFL Betting in 2023: All the Essential Information and Updated Projections
Are you ready for some football? With the NFL season just 75 days away, excitement is building among fans and bettors alike. In this article, we’ll provide you with valuable insights and strategies to enhance your NFL betting experience for the upcoming 2023 season. From early season long player prop bets to proven strategies for success, we’ve got you covered.
Introduction: From Wall Street to Sports Betting
Before we dive into the world of NFL betting, let’s take a moment to understand the background of our expert, who made over sixty thousand dollars betting on the NFL last year. Chris, formerly a quantitative Trader on Wall Street, transitioned his skills to the sports betting arena. He found that the principles of trading and sports betting share commonalities, emphasizing the importance of having an edge to succeed in the long term.
Finding Value: The Importance of Line Shopping
One crucial aspect of NFL betting is understanding the concept of value and how it can vary across different sportsbooks. Each sportsbook sets its own lines, and discrepancies can arise, presenting opportunities for bettors to find value. Let’s take an example: Patrick Mahomes’ passing yards line for the season is 4,750 on Underdog and 4,800 on Prize Picks. By betting on Underdog, you gain a 50-yard advantage compared to Prize Picks. Thus, having accounts with multiple sportsbooks allows you to compare lines and seize favorable betting opportunities.
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Strategy #1: Middle Betting – A Low-Risk, High-Reward Approach
Middle betting, or middling, is a strategy that exploits discrepancies between different sportsbooks. When sportsbooks’ lines are significantly out of sync, it becomes possible to bet on both sides of a proposition and secure a profit regardless of the outcome. For instance, Underdog sets Justin Fields’ passing touchdowns line at 20.5, while Prize Picks sets it at 18.5. By placing an under bet on Underdog and an over bet on Prize Picks, you create a “middle” scenario where if Fields records exactly 19 or 20 passing touchdowns, both bets win.
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Pros of Middle Betting:
- Low risk: At least one of the bets will win, mitigating potential losses.
- Profit potential: Middle betting can yield substantial profits, making it an effective strategy for experienced bettors.
- Excitement: Rooting for a specific outcome adds an element of excitement and unpredictability to your betting experience.
Strategy #2: Correlation Betting – Amplify Your Winnings
Correlation betting involves selecting bets with positive correlations, where the outcomes of multiple bets are more likely to occur together. By choosing bets that align with one another, you increase the chances of winning and amplifying your potential winnings. For example, if you believe Trevor Lawrence will have an exceptional season and surpass his passing yards line, it’s logical to bet on Christian Kirk, one of his main targets, to exceed his receiving yards line. Both bets are positively correlated, meaning they are more likely to win or lose together.
Bonus Tip: Build your winning slips and explore correlation betting options on Prize Picks and Underdog Fantasy, platforms that offer a wide range of player prop bets.
FAQ – Your NFL Betting Questions Answered
Q: Is NFL betting profitable in the long term?
A: Yes, with the right strategies and an edge, it is possible to achieve long-term profitability in NFL betting. By leveraging tools like OddsJam’s middle betting and correlation betting features, you can increase your chances of success.
Q: How do I find value in the market?
A: Value can be found by comparing lines across different sportsbooks. Having accounts with multiple sportsbooks allows you to spot discrepancies and seize advantageous betting opportunities.
Q: What are the benefits of using OddsJam?
A: OddsJam offers a suite of powerful tools and features to enhance your betting experience. From the Parlay Builder for optimizing your parlay bets to the Positive EV tool for identifying positive expected value opportunities, OddsJam provides you with the tools you need to make smarter betting decisions.
Q: How can I track my bets effectively?
A: To track your bets, use the OddsJam Bet Tracker. This tool allows you to monitor your bets, analyze your performance, and make data-driven adjustments to your betting strategy.
Conclusion: Win Big with NFL Betting in 2023!
As the NFL season approaches, it’s time to prepare yourself for profitable NFL betting. Armed with strategies like middle betting and correlation betting, you can take advantage of market inefficiencies and increase your chances of success. Remember to explore the tools and features offered by OddsJam, such as the Parlay Builder and Positive EV tool, to further boost your profitability.
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Disclaimer: Betting involves risk, and you should only gamble with money you can afford to lose. This article does not guarantee profits and serves as informational content for entertainment purposes only.
