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NHL - Sports Betting

NHL Commissioner Speaks Out On Legalizing Sports Betting

NHL - Sports BettingNHL commissioner Gary Bettman doesn’t worry over the significance an enhanced sports betting market the United States may have on pro athletes.

Discussing in an interview on Sportsnet’s Brady & Walker show, Bettman declared if sports wagering were to become much more prevalent in the US, this will not harm the integrity of players.

Several high-profile people from both the sports and gaming market sectors have requested the market to be expanded to allow both industries to reap the benefits of profitability that would be created from wagering activities.

NBA On Board As Well. Who’s Next?

In a recent article here on BetSome, it was made known that NBA commissioner Adam Silver is also for expanding sports betting in the U.S. So now that the NHL head man jumps on board, will we hear from the NFL and MLB commissioners?

Nevada is presently the only state in which people can legally gamble on sporting events.

Bettman, who has been much more conservative to date on this subject, has now weighed in on the debate by saying that if the U.S. government were to permit an expanded sports betting market, then this would certainly not badly impact players’ integrity.

betsome stadium

Fading The Public

betsome stadiumPerhaps one of the purest concepts in sports betting is betting against the public. The reasoning behind this is simple:

If the public won more times than they lost, Vegas and the casinos would be broke.

But they’re not broke. In fact, they make a lot of money. And it likely isn’t from just scraping up vigs.

The public represents the majority of the bettors, and the majority of the bettors usually bet their favorite or the more popular teams. They generally don’t factor in many of the subtleties that can be huge in professional matches.

This is why you will sometimes see a game where the best team in the league is playing a mediocre team, and the line is lower than it seems it should be. The public will usually bet the better team impulsively, even sometimes knowing that it is a weird line. The fact however is that the line is most likely very accurate, and low for a reason.

The public does win however, just enough to keep them coming back for more. Vegas is a pool of sharks, and even sharks know that the fish have to eat sometimes too.

Tips On How & When To Fade The Public

The 65% rule:
In general you want to fade the public when they are 65% or more on one side. So bet the 35% team.

Fade the away teams:
In sports such as the NFL, fade the public by betting home teams that are playing a more talented or popular away team. In certain sports home field plays a much larger role than in others, and the NFL is certainly one of them.

Taking advantage of public line moves:
When the public jumps all over a line, it can often move the line to your advantage. When you see a big public favorite, wait for the line to move and then bet against them.

A prime example of this happens frequently in the NFL: A top team is favored by less than 7 points and playing away, and the public bets heavy on the better team (away team) moving the line up from 6 points to 7 or even higher. This is a prime spot to fade the public and now take your team with an even better point spread at 7.

Example:
The Patriots play away at the Jets.
The line opens at the Patriots -6.
The public thinking that the patriots will likely win by a touchdown at least hop on the Patriots bandwagon.
This moves the line to the Jets +7.5.
You now bet the Jets, because it was the right play to begin with, and you now have a huge 1.5 point extra edge for your bet.

Long run strategy:
Remember that this is a long run strategy, just like everything in betting. Your wins and losses will be streaky.