Odds Shopping
Odds shopping, also known as price shopping, is tactic used by sports bettors to find the best possible odds or lines for a specific bet across multiple sportsbooks. Since different sportsbooks may offer slightly different odds for the same event, price shopping allows bettors to maximize their potential winnings or reduce their potential losses.
For example, if you want to bet on a basketball team to win, one sportsbook might offer them at -110 odds, while another sportsbook offers -105 odds. By shopping around and choosing the sportsbook with -105 odds, you save money on each $100 wagered. Over time, these small differences can significantly impact your overall profitability.
Price shopping has become more accessible with the rise of online sportsbooks and betting comparison websites. Bettors can quickly compare odds from various sportsbooks and select the most favorable ones for their bets.
Engaging in price shopping is a wise practice for all bettors, regardless of their experience level. It can help improve your betting results and ensure that you are getting the best possible value from your wagers.