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What is 'Smart Money' Sports Betting All About?
When you start to bet on sports, one of the terms that you'll encounter often is 'smart money'. At first it may be difficult to understand this term (partly due to the fact that it is often misused), but once you do you will also find that you're able to improve your approach as well.
"What is 'Smart Money'?"
In a nutshell, 'smart money' is a term that is used to describe money that is bet by professionals. These professionals are normally known as 'sharps' and they tend to have better resources than normal bettors, including bigger bankrolls, better research and a more thorough knowledge of what's going on.
As such whenever a sharp places a bet it is known as 'smart money' because it is assumed that they are placing it based on their superior knowledge and resources. That is really its only defining trait.
"Why is 'Smart Money' Important?"
The reason why 'smart money' is considered to be so important is partly because bookmakers weigh it very carefully when determining their odds. When a sharp places a smart money bet it is often large and bookmakers will immediately adjust their odds accordingly on the assumption that the sharp is betting based on their superior knowledge and resources.
By that same token knowing where the 'smart money' is at is important for you as well. If your bets align with the smart money, then your odds of winning should be that much higher than if you were betting against the smart money. Needless to say there is still risk involved and bookmakers will often adjust their odds quickly if the smart money appears to be stacked in a particular way - but it is still a good approach nonetheless.
"How to Find the 'Smart Money' Bets?"
The hardest part about trying to place bets where the smart money is at is finding the smart money bets in the first place. To do so you'll need to keep track of the odds and observe any rapid readjustment on the part of the bookmaker - and then place your bet accordingly.
Similarly in live betting it helps to pay attention to the livescore to see the direction of the match and whether or not it corresponds with the odds. Any shift that is outside the norm could indicate a smart money bet, and you could take on a similar position as well.
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