{"id":9611,"date":"2022-12-07T04:41:17","date_gmt":"2022-12-07T09:41:17","guid":{"rendered":"https:\/\/www.betting.ca\/?p=9611"},"modified":"2022-12-07T04:41:17","modified_gmt":"2022-12-07T04:41:17","slug":"betting-whale-how-to-become","status":"publish","type":"post","link":"https:\/\/www.betting.ca\/blog\/betting-whale-how-to-become","title":{"rendered":"What’s a Betting Whale and How to Become One?"},"content":{"rendered":"
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\"betting<\/figure><\/div>\n\n\n

The world of sports betting<\/a> is awash with terminology and phrases that can be confusing. <\/p>\n\n\n\n

If you\u2019ve spent much time in the world of sports betting, then you may have come across the notion of a \u2018Betting Whale\u2019. <\/p>\n\n\n\n

Perhaps you\u2019ve heard someone referred to as a \u2018Betting Whale\u2019 and wondered to yourself, \u201cwhat\u2019s that?\u201d.<\/p>\n\n\n\n

What is a Betting Whale?<\/h2>\n\n\n\n

In sports betting, a whale, often referred to as a betting whale, is somebody who places rather sizable bets. Not only do they place sizable bets, but they place bets that cause the lines to move, often considerably.<\/p>\n\n\n\n

What does it mean to move the lines? Well, when bookmakers take plenty of money on a selection, they move the lines. For example, let\u2019s say that the Toronto Maple Leafs were priced at +100 to beat the Montreal Canadiens. Lots of money starts to come in for the Maple Leafs, so the bookmakers will shorten the price, say from +100 to -120.<\/p>\n\n\n\n

Typically when there is plenty of market support for something, bookmakers will shorten the odds<\/a>. When a bookmaker shortens the odds, they\u2019re merely adjusting them to reflect the weight of money placed, in this case, making the Maple Leafs bigger favourites than they already were.<\/p>\n\n\n\n

A betting whale places bets so significant that they end up shortening the odds of the selection with their money alone.<\/p>\n\n\n\n

Here\u2019s another example:<\/h4>\n\n\n\n

Let\u2019s assume that the Vancouver Canucks are priced at +150 to beat the Calgary Flames.<\/p>\n\n\n\n

If you place $10 on the Canucks to win the game, then the odds aren\u2019t going to move. However, if a betting whale comes along and places $10,000 on the Canucks to emerge victorious from their match-up with the Flames, the odds will shorten.<\/p>\n\n\n\n

Betting Whales, are they profitable?<\/h3>\n\n\n\n

There\u2019s often a misconception in the sports betting world that bettors consistently staking large sums must be successful punters. This is by no means the case.<\/p>\n\n\n\n

Just because a bettor throws bundles of cash at sports betting, it does not mean that they\u2019re a winning player. In many cases, that is far from the truth.<\/p>\n\n\n\n

Just because \u2018Betting Whales\u2019 are known for placing large bets and moving the lines, that doesn\u2019t mean that they\u2019re all winners. In fact, as a general rule, if high-staking players are having bets accepted at sportsbooks, then they\u2019re probably not winning in the long run. Many high-staking players do win, but those players tend to have trouble getting their bets on, and have to rely on betting exchanges like Betfair Canada<\/a> or other methods.<\/p>\n\n\n\n

Do not make the mistake of thinking that all high-rolling players make a success of their betting ventures, as many simply do not. It just so happens that there are plenty of people with access to vast amounts of cash who like to gamble.<\/p>\n\n\n\n

Best Canadian Betting Sites for High Stakes<\/h2>\n\n\n\n
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#1<\/div>\n\n\"Betway\n<\/a>\n
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