What is the best sport to bet on? Depending on how you want to look at it, this question can be difficult to answer. "Best" is inherently a subjective measure that cannot be easily excluded from the influence of opinion and contextual differences.
Here at SBD we lke to back up our claims with hard facts and detailed data, and our approach to identifying the best sports to bet on is no different.
After all, people bet on sports to make money. This article highlights the top sports to bet on in terms of potential ROI, which is the best metric to directly compare the profitability of various major sports leagues.
Let's take a closer look at the data to compare NFL, MLB, NBA, college football and college basketball betting profitability.
Use data to compare sports and teams
There is no shortage of data available to compare different sports leagues, but it can be a major challenge to get past the noise and directly compare profitability.
SBD Sharp is a proprietary tool that tracks teams as an investment over time, showing you how much you would win or lose by betting on them over the course of a season.
Undoubtedly, this is the best place to find the teams that are the most profitable to bet on. By comparing the most profitable teams in each league, we can determine which sports offer the most value to players, so read this article to find out more.
Sharp allows users to evaluate teams in terms of their profitability on the money line, against the spread and on total (over/under) bets. It also allows you to see trends for each team as they play at home, away, favorites or underdogs. Try the tool for yourself to see the data firsthand and have fun spotting unexpected trends. You will find that the strongest teams on the field are not always the smartest to bet on!
Here's how we used SBD Sharp to find the best sports to bet on...
Methodology
We have found the best sports to bet on moneyline, spread and total with simple calculations using SBD Sharp data. To find the sport that offers the most potential profit, we averaged the ROI of the five most profitable teams in the NFL, MLB, NBA, NHL, and NCAA football and basketball. For the purposes of this article, we refer to this number as the “Optimal ROI.”
Return on investment (ROI) is the best metric for this analysis because it takes into account the impact of odds fluctuations and allows for historical apples to apples comparisons that apply to all players regardless of their bankroll size. The ROI estimate allows you to identify the teams and sports that will make you the most money: betting on sports that offer higher ROI potential means you can risk your bankroll less on each bet and make more money with fewer bets.
So what are the best sports to bet on if you want your money to go further?
Best Sports to Bet on: Basic Ideas
College football offers the most value to bettors across all bet types, followed by the NFL.
Baseball offers the lowest potential value of all betting types.
College basketball offers a significantly higher potential ROI than NBA betting.
The NHL and NBA are very similar in terms of potential ROI for all types of bets.
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