Sports betting is all about confidence. Bettors need to be confident on the team or market they are betting on. However, confidence isn’t just a one-way street. Did you know that Sportsbooks also factor confidence into how they price the lines for different events? It’s not only something that’s done, but it’s something that’s done for every single event. Whether you want to bet the money line, Pete Alonso to hit a home run, or Gerrit Cole to strikeout more than 8.5 batters, the confidence the Sportsbook has directly reflects the customer experience. How so, you may ask? Great question!
Typically speaking, the core markets, the spread, money line, and total are the most confident lines the Sportsbook offers. These are considered core markets because it’s the most fundamental way to bet on the game. This is why you can almost always bet more on the Yankees to win compared to Cole striking out more than 8.5 batters. This is also why you see some bets in the 6 or even 7 figures on the Super Bowl. It’s all about confidence.
So, what does this tell us? Prop betting can be a lucrative and unique way to bet on the game. However, if you’re looking to bet more money, you’re likely going to be better off betting on one of the core markets. There is no right or wrong way to bet, of course. As we’ve discussed, it all comes down to the confidence you have in whatever you’re betting on. However, it’s important to remember that you’re not the only one factoring confidence into a bet.