Of course, it's also important to look at the total number of bets placed on the market, which we also display on this page for The Action Network users. That would be a percentage difference of 23% on the Bucs, highlighting that the bettors willing to wager a lot of money - these are likely to be sharp and pro bettors - are on Tampa Bay.
Here's another example: Say the Tampa Bay Buccaneers are getting 69% of the spread bets against the Dallas Cowboys, but 92% of the money bet on that game's spread is on the Bucs. Therefore, looking at the difference between the percentage of bets and percentage of money can help The Action Network users find the NFL sides that have "sharp money" - in other words, those wagered on by pros. The sharp and professional bettors are the ones that tend to bet more, but those bets still count as just a single bet. Some bettors will place a wager of $5 while others might bet $5,000. This is important information because not every bet is the same. For example, if we track a total handle - a betting term that means "amount wagered" - of $6 million and $5 million is on the Steelers, that would be 83% of the money on the Steelers. Percentage (%) of money: The proportion of money bet on a side of a wager.For example, if we track 20,000 bets on the Steelers-Bills game and 13,000 of them are on the Bills, that would be 65% of bets on the Bills.
#Nfl betting odds week 4 how to#
How to Use Public Betting and Money Percentages in NFL Betting
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Not every wager is the same amount, however, and NFL bettors who pay attention to The Action Network's public betting data can spot sharp bets. There's no bigger league in the United States than the NFL, and that's translated to a lot of money wagered on the sport now that online sports betting is legal in several states.
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