One of my favorite ways to make money on sports betting is taking advantage of in game betting lines.
Sports betting, much like commodities trading, is a market. There is a product for sale (the betting line or odds), a seller (sports book, casino or your local) and a buyer (you, the sports bettor). And everyone is trying to find an advanatge to make money.
Like many markets, emotion comes into play and that is where the smart bettor takes advantage.
Comparison: The oil market gets news of potential conflict in the Middle East. Nervous speculators driven mostly by emotion bid the price of oil up. In game betting: The underdog in the game puts up a few quick scores and the favorite falls behing early. Here is where emotion comes into play. The seller (online book) suddenly offers the underdog as a favorite. If you (the sports bettor) get caught up in the emotion by jumping on the team that is ahead without thinking it through, you can get burned. You can end up losing your original bet and also your in game bet.
I can give you many examples of how I apply this strategy, but this is my favorite. Last season's Alamo Bowl paired up Penn State and Texas A&M with PSU as a 6 point favorite. Texas A&M, the home team, came out on fire, scoring 14 quick points and went up 14-0. I had a large wager on PSU -6 and got a little nervous seeing that kind of start to the game. I went to the in game line after TAMU went up by 14. I nearly fell over when they posted TAMU -10.5! I quickly and calmly grabbed up PSU +10.5 having confidence Joe Pa would make the proper adjustments and make the game competitive.
PSU came storming back and went up by 7 in the 2nd half. TAMU drove the ball down to the 5 yard line late in the game and PSU made a great stop on 4th down to essentially ice the game.
Final score: PSU 24 TAMU 17
PSU -6 = Winner
PSU +10.5 = Easy winner
When it comes to in game betting, keep your emotions in check and look for opportunities to catch the sportsbook napping. If applied correctly, this strategy can be very profitable.