Sports betting finally launched in North Carolina a few weeks ago, but if you’re late to the party, you might be wondering how to bet on sports in North Carolina. The Tar Heel State has several excellent sportsbooks available, including bet365, BetMGM and FanDuel. As we discuss how to bet on sports in North Carolina, we’ll also dive into the best sportsbook promos in North Carolina and how to take advantage of them. Make sure to check out our sports betting tools or our sports betting promos as well!
How to Bet on Sports in North Carolina & Best Sportsbook Promos
All information is current as of April 20, 2024.
Best North Carolina Sportsbook Promos
How to Bet on Sports in North Carolina
The advent of legal online sports betting has revolutionized how people place their bets in the United States. Gone are the days of calling in your bet to a not-so-legal bookie — now, simply by signing up, placing a deposit and downloading an app (or firing up your desktop), you can start betting on sports in North Carolina.
Let’s walk through the steps for placing a sports bet in North Carolina. We’ll use BetMGM for this example. Simply click through each step in the process of signing up, depositing and placing your first bet in North Carolina:
BetMGM isn’t the only sportsbook available in North Carolina, so if you want to get started betting on sports in North Carolina, let’s run through the different sportsbooks you have available at your fingertips. To view their specific promotional offers, click on the sportsbook’s name!
Making Money by Betting on Sports in North Carolina
The below text is repurposed from our guide to using our sports betting tools. Our tools are compatible with the NBA, MLB, NFL, NHL and more — so even if your favorite sport isn’t in season, you’ll still have plenty of picks to make!
Why You Should Use a Positive Expected Value (+EV) Betting Model
At OddsShopper, we’re here to make you the best sports bettor you can be. Sharp sports bettors understand and can quantify their edge (or advantage) over the sportsbooks. Here, we call edge Positive Expected Value, or +EV.
If you want to be a profitable bettor over the long term, you’ll need to understand both when you have an edge on the books and how much edge you have. If you’re just flipping coins or betting with your heart (or, you know, betting 10-leg parlays), you may win sometimes, but you probably won’t be making a profit.
OddsShopper’s tools have helped our subscribers become profitable gamblers. If you don’t believe me, check out the testimonials embedded above or simply review our results page.
How Does OddsShopper’s Model Work?
Before we talk about how to use OddsShopper’s +EV betting tools, let’s talk about how they work. Our model indexes the odds from across the sports betting market, adjusts for hold, book sharpness and other factors, then generates a breakeven price called “true odds” against which all publicly available odds are compared.
When a wager is trading for longer odds than the true odds, we know that a bet is a +EV bet. How do we know this? Our model is carefully backtested to ensure we have a positive return on investment. Again you can check out our results — or the results of our subscribers, some of which are included in this article.
While you can arrive at a +EV bet by other means, OddsShopper’s market-based approach is a great way to build your bankroll. It relies on the presupposition that some sportsbooks are sharper than others, especially Pinnacle, a high-limit, low-hold offshore book.
Because Pinnacle has higher limits and lower hold than domestic books, also called public books, they have more of an incentive to post more efficient odds. We can use their lines to beat public books, who often price up overs (and price down unders) in hopes of pocketing more money from public bettors.
How to Use OddsShopper’s +EV Betting Tools
Now let’s talk about how to use OddsShopper’s tools. When you first sign up, you should navigate to the shop pages to see the best +EV bets today. It should look something like this:
You’ll find bets from variety of sports and on a variety of markets. In this screenshot alone, we’ve got several NBA player prop bets, a few MLB player prop and home run bets, as well as a golf tournament matchup.
Our shop pages are customizable. You can change your state, which will lead to only wagers available to you rendering as +EV bets. You can customize your bankroll, which will change the recommended bet sizing. You can also filter by league, sportsbook, type of bet and when the game, match or tournament in question will occur
Next, let’s take a quick look at an example wager and how our product team describes each of the key terms.
Bet Size: The recommended bet size as a percentage of your bankroll. This metric is based on a fractional Kelly Criterion approach that leads to a reasonable balance of minimizing risk of ruin while maximizing potential reward.
EV: An abbreviation for “expected value,” this metric estimates the long-term profitability of a wager by taking into account the probabilities/payouts associated with each potential outcome.
xWin: The probability of winning the bet implied by the Sharp Sportsbook Algorithm true odds.
OS Rating: The OS rating provides a rating for each +EV bet. An OS rating above 20 signifies an exceptional bet. Ratings between 10 and 20 are highly favorable bets. Finally, a rating between 0 and 10 indicates a solid bet. We factor in the EV, expected win, bet size, and negative geometric drag to calculate this rating.
Hold: The synthetic hold across the entire market, which is the loss a bettor would sustain if he bet both sides of the market to win equal amounts. The larger the hold, the more difficult it is to beat that market.
OddsShopper’s Sports Betting Tools & Tips
New to sports betting? OddsShopper’s selection of Betting 101 articles is here to help. We even have a parlay builder and our guide to parlay betting. Check out our guide to finding positive expected value (+EV), and you can unlock more +EV plays by signing up for OddsShopper Premium!
