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Writer's pictureGreg Kajewski

How to Choose the Best Bets in Social Betting

Want better odds and more control over your sports bets? Social betting lets you bet directly with other players instead of traditional sportsbooks. Here's what you need to know:

Quick Facts

Details

What It Is

Peer-to-peer sports betting on social platforms

Key Benefit

Better odds (-106 to +107 (or better) vs. -110 at sportsbooks)

Market Size

$89B in 2021, projected $144.34B by 2023

Popular Platforms

Here's how to win more:

  1. Research smart:

    1. Check 3+ betting sites before placing bets

    2. Follow expert bettors on platforms

    3. Track line movements and injuries

    4. Study recent team performance

  2. Manage your money:

    1. Bet 1-5% of your bankroll per play

    2. Skip parlays (stick to single bets)

    3. Set daily and weekly limits

    4. Never chase losses

  3. Use platform tools:

    1. Copy successful bettors

    2. Join betting groups

    3. Watch popular picks

    4. Log every bet

The truth? Even top bettors only win 54-60% of their bets. Your edge comes from:

  • Better odds through Peer2Peer betting

  • Learning from the community

  • Strict bankroll management

  • Smart research and tracking

Bottom line: Social betting gives you better odds than traditional sportsbooks, but you still need a solid strategy to win.

Traditional Books

Social Betting

House sets odds

Users set odds

High house edge

Lower fees

No community

Learn from others

Limited tools

Full tracking suite

Related video from YouTube




Getting Started with Social Betting

How the Platform Works

Social betting platforms keep it simple with two types of coins:

Currency Type

Purpose

Value

Edge Coins

For fun betting, practice or tracking

No cash value

Real Money

For betting and making money

Value Noted

Here's what you'll do:

  • Sign up (you need to be 18+ with ID)

  • Get your welcome bonus

  • Pick your games

  • Place your bets

  • Watch and win

Take BettorEdge: You can bet with other players on NFL, NBA, and MLB games in 45+ states.

Learning from Other Bettors

What makes social betting different? It's all about the community:

Feature

Benefit

Chat Rooms

Talk strategy with others

Friend Lists

Copy winning bettors

Leaderboards

See Popular Bettors making an ROI

Group Challenges

Join betting contests

"At BettorEdge, we put players first. Everything we do has the bettor as the focus as we give the Edge back to the bettor." - James Seils, BettorEdge CTO

The numbers speak for themselves:

  • PokerStars: 17M followers, 651M video views

  • BettorEdge 5/5 stars from store.app reviews

  • Fliff: 4.8/5 stars from 104,000+ App Store reviews

How to Research Your Bets

Sports betting success comes down to solid research. Here's how to do it right:

Looking at Past Results

Want better bets? Start with data. Focus on recent seasons - they matter most when teams keep 70%+ of their players.

Here's where to find the good stuff:

Data Source

What You'll Find

Official League Sites

Team stats, player numbers

Sports Reference

Past game details

Team Rankings

Who beats who

ESPN

Who's hurt, who's playing

Or use a sports betting-based modeling tool like Rithmm to bring it all together in one easy to use interface.


Following Expert Bettors

Some of the sharpest minds share their picks online. These are the ones worth your time:

Expert

Where to Find Them

What They Know Best

Scott Pritchard

Home of Pritchard’s Pick of the Day

Chris Farley

Twitter - FarleyBets

FarleyBets Podcast Giving you an Entertaining Take While you Earn Money Betting

Bill Krackomberger

Twitter - KrackWins

Pro betting knowledge

Want to see what winners do? BettorEdge shows you exactly what successful bettors are playing.

Reading Market Trends

The smart money watches how odds move. Here's what makes lines jump:

What Changes Lines

Why It Matters

Public Money

Shows where most people bet

Injuries

Can shift odds fast

Weather

Changes game totals

Team Form

Hot/cold streaks matter

Here's the thing: Shop around. The same bet might pay $350 at one book and $500 at another betting platform. That's free money.

These tools make research faster:

  • Props Search: Compare odds fast

  • Parlay Calculator: Find combo value

  • Power Rankings: Get the numbers that matter

  • BettorEdge Premium - External Prices gets you the best number

Bottom line: Mix your sources. One site won't tell you everything - but multiple sources paint the full picture.

Picking the Right Bets

Let's talk about what actually works in sports betting. No fluff - just the numbers and strategies that matter.

Using Numbers and Stats

Here's something most people don't know: Even the BEST sports bettors only win 60% of their bets. And most successful bettors? They hit around 54%.

Win Rate

What It Means

Action Plan

50%

Break-even point on BettorEdge

This is your first goal

54%

Break-even point at SportsBooks

Your goal if betting at sportsbooks

60%

Professional sports bettor level

What the top 1% achieve

What Others Are Betting

BettorEdge shows you where the money's moving. Here's what to watch:

Signal

What to Check

Why It Matters

Line Movement

Odds shifts

Big money leaves tracks

Popular Picks

What others bet

Find early opportunities

Sharp Action

See what the leading bettors are betting

Smart money leads the way

Platform Tools and Costs

You need the right tools. But you don't need to spend big:

Tool Type

Purpose

Cost

Odds Compare

Best prices finder

Free

Bet Tracker

Performance log

Free to $20/month

Line Shopping

Market comparison

Saves you 2-15%

Save yourself the time and money as BettorEdge gives you odds comparison, bet tracking and confidence knowing you’re getting the best price while line shopping.

Here's the truth about parlays: They're a trap. Stick to single bets. If you MUST parlay, keep it to 2-3 teams max.

Want to win? Do these things:

  • Look at 3+ betting sites before you place a bet

  • Bet only on sports you actually watch

  • Keep each bet between 1-5% of your bankroll

  • Log every bet (wins AND losses)

About your money: Set your limits before you start. When you lose, stick to your original bet size. Chasing losses? That's how accounts go to zero.

Think about betting like this: If Arsenal has a 40% chance to win, but the odds pay out better than that? That's your spot. Wait for these opportunities. They're the only bets worth making.





Building Better Betting Plans

Here's a no-nonsense guide to creating a betting plan that actually works.

Think of your betting budget like an investment portfolio. You need to spread it out smart:

Bet Type

% of Budget

Why It Works

Single Bets

70-80%

Less risk, steady returns

Small Parlays (2-3 teams)

15-20%

Better odds than big parlays

Long-term Futures

5-10%

Season-long opportunities

Want a simple system? The 1-3-2-6 method shows you exactly what to do next:

Bet Number

Amount ($10 base)

If You Win

If You Lose

First Bet

$10

Go to $30

Reset

Second Bet

$30

Go to $20

Reset

Third Bet

$20

Go to $60

Reset

Fourth Bet

$60

Back to $10

Reset

When to Place Your Bets

Timing can make or break your success:

Timing

What to Watch

Why

Early Lines

Opening odds

Spot gaps before changes

1-2 Hours Pre-game

Final injury reports

Get latest updates

Live Betting

First quarter/period

See how games unfold

Smart Betting Rules:

  • Compare odds across 3+ sites

  • Hold off until injury reports drop

  • Skip bets when time's tight

Expand Your Betting Strategy with Social Betting

Since you set your own price, balance bet timing with your price aggressiveness to see higher fulfill rates social betting.

Timing

Price Opportunity

Why

Early Lines

+100 to +105

It’s early for you make subsequent adjustments if others don’t take your bet.

1-2 Hours Pre-game

-105 to +105

Markets heat up as interest takes off, set your price to get a great price and get it fulfilled.

Live Betting

-105 to +105

Watch how the game unfolds to check your price and avoid the high fees of a sportsbook


Money Rules That Work:

  • Set a weekly budget

  • Keep each bet at 1-3%

  • Set daily limits (and stick to them)

  • Walk away after losses

BettorEdge lets you see what others are betting without extra fees to track. It's helpful for spotting trends, but ALWAYS follow your own plan.

Here's the truth: Even top bettors lose 40% of their bets. Your plan needs to handle these losses without wiping out your bankroll.

Protecting Your Money

Here's how betting platforms help you control your betting limits:

Limit Type

What It Does

How to Use It

Deposit Cap

Stops deposits above your limit

Pick your daily/weekly/monthly max

Time Limit

Cuts off betting after set hours

Set your daily time budget

Betting Cap

Caps your total bets

Set daily/weekly max amounts

Cool-off Period

Pauses your account

Choose 1-365 days off

Smart Betting Limits

Here's what your betting limits should look like:

Bank Size

Max Per Bet

Daily Max

Monthly Max

$1,000

$50 (5%)

$100

$500

$500

$25 (5%)

$50

$250

$200

$10 (5%)

$25

$100

Key Money Rules:

  • Don't bet with borrowed money

  • No betting while drinking

  • Never increase bets to recover losses

  • Keep betting money away from bill money

Platform Features:

  • FanDuel makes you wait 3 days to bump limits

  • DraftKings needs 24 hours for daily changes

  • Monthly limit changes? 30-day wait

"Pre-commitments that set limits on time and money help control the urge to keep playing." - Thomas F. Babor, Addiction Researcher at UConn Health

Set Your Limits Now:

  • Start with your monthly cap

  • Set your daily limits

  • Use cool-off periods

  • Keep a bet log

Sports betting should be fun. If money worries pop up, you can self-exclude. This blocks you from ALL sportsbooks and betting sites in your state.

Tips for Success

Tracking Your Bets

Want better results? Track every bet or use BettorEdge’s history to let it track it for you. Here's what you need to log:

What to Track

Why It Matters

How to Do It

Date & Game

Shows your patterns

Write down when you bet

Bet Type

Shows what works

Note singles vs. parlays

Odds & Stakes

Shows risk level

Put down exact numbers

Win/Loss

Shows performance

Mark after each game

Notes

Shows your thinking

Write quick thoughts

Keep separate logs for each sport and bet type. This makes it EASY to spot where you're making money.

Here's proof tracking works:

"Through Week 7, I was 9-1 and went on to finish 32-13 (71 percent) in CFB over/unders." - Toby, Creator & Writer of Punter2Pro

BettorEdge helps you learn from other bettors. Here's what you get:

Feature

What to Do

Why It Helps

Leaderboards

Watch who and what's hot

Find big games to bet and win more

Friend Following

Pick winning bettors

Copy what works

Competitions

Enter contests

Practice without risk

Community Feed

Post your picks

Meet other bettors

The Numbers That Matter:

  • Top bettors win 54% of bets

  • Best bettors hit 60%

  • Pros bet 2-3% per play

"Keeping records helps you make data-driven choices and improve your results." - Toby, Creator & Writer of Punter2Pro

Do This Daily:

  • Log your bets

  • Check what's trending

  • Look at your numbers

  • Watch top bettors

Wrap-Up

P2P betting combines personal strategy with community knowledge. Here's what works:

Action

Result

Platform Tool

Log every bet

5-10% ROI

BettorEdge tracking

Shop odds

Better prices

Cross-platform view

Cap your bets

Protected money

Betting limits

Connect with others

Speed up learning

Social feed

Make More Money By:

  • Using a separate betting account

  • Keeping bets at 2-3% of your total funds

  • Staying away from home team games

  • Looking at multiple sites before betting

P2P platforms like BettorEdge help you win more. Here's why:

Old-School Books

P2P Betting

House takes a big cut

No house edge

You take their odds

You pick your odds

Pay more fees

Pay less

Fewer options

More ways to bet

"At BettorEdge, we put players first. Everything we do has the bettor as the focus as we give the Edge back to the bettor." - James Seils, BettorEdge CTO

P2P Betting Takes Off:

  • Sisal's Tipster: 60,000+ monthly players

  • PokerStars: 17 million followers

  • BettorEdge: Players set their own odds


The numbers tell the story: Betting hit $89 billion in 2021 and heads to $144.34 billion by 2023. P2P betting leads this growth by giving you better odds and more control.

Bottom line: Make small, smart bets. Learn from others, track your moves, and never break your rules.

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