There are numerous factors that all contribute to a successful sports bettor. With a proper understanding of how successful bettors work and their mindset, it can help determine whether you lack in some factors and help your journey towards becoming a great success in sports betting.
Making enough money on sports betting can be challenging at times, however, many sports bettors win consistently and more sports bettors make a better living of sports betting. In this post, we have listed effective sports betting tips and strategies to help you become a winning bettor.
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What Separates The Losers From The Winners?
First, what separates winners from losses? The main difference between winners and losers when it comes to online sports betting is their attitude when they start betting. This is because winners hold a very serious attitude and usually view sports as a serious way of generating income, inconsistent bettors are loose and, usually, think of sports betting as just a way of having fun. It is these differences in attitudes that usually differentiate staking techniques.
Sport betting winners usually tend to stick to the well-practiced and trusted staking technique which means that these well-calculated stakes on their bets are increased cautiously and this guarantees minimized losses and maximized profits. On the other hand, casual bettors tend to stake whatever they can easily afford to. Technically, this means that although the winning bets might pay off handsomely, it is also possible for the losses to wipe their entire bankroll and the bettors might need lots of time to recover theirs loses via other ventures.
To make profits or money from online sports betting, there are some basic tips or strategies you may have to understand. Keep in mind that none of these sports betting approaches are secrets, but closely following them will ultimately prove helpful in winning more bets on your favorite sports.
Sports bettors that do not follow these proven strategies are called “squares” and those are the types of sports bettors that bookmakers profit from.
If you are placing bets on sports, you ought to set aside a specific amount of money that we refer to as bankroll management, which is the amount of money that you can afford to lose without changing your lifestyle. You should consider setting aside a specific amount of money that can be used for your bankroll for a season, a month or the current week. For instance, if a bankroll for betting on the current NFL season was $1,500 you will be making $20 – $50 bets on every NFL game you want to bet on. Also, you must avoid chasing your losses with the bigger bets. Typically, there are many times when sports bettors feel they need to increase the size of their stakes thinking that it will help them win more. Such kind of thing is the wrong mindset and often results in more losses and you might eventually end up losing more money. The best thing is to work with is the size of your bankroll and consider slowly increasing it as the season goes by.
Bet Sober and Never Go On Tilt (Control your Emotions)
While betting when you are sober seems obvious, you might be surprised to see the number of people that take part in sports betting under the influence. For example, why do many land-based casinos offer gamblers free alcoholic drinks? As much as you would want to take a couple of drinks when betting, it is highly recommended that you avoid betting when under the influence because it can impair your judgment and must be avoided if you are willing to become a winning online sports bettor.
Secondly, you must never go on the tilt, commonly known as titling by poker players which typically means allowing your emotions to take over. This has been associated with making very bad decisions. If you are upset or angry at something, for example, a few bad runs with your sports wagers, you should avoid placing any additional bets. You should consider taking a break and going for a walk so that you can clear your mind before you begin making more money betting on sports.
Emotion control when betting on sports is key because it differentiates between professionals and casuals. Professional sports bettors are always level-headed, but casuals often fall victim to their uncontrollable emotions. In most cases, professional bettors usually stick to their staking techniques and this saves them from placing extra bets. This means that even a losing streak does not significantly affect their bankroll.
This means that professional bettors can stay calm and collected even if they are on their worst losing streak. In most cases, casual bettors find themselves increasing their bets when it comes to betting on their favorite players or teams and as a result, any losses significantly impact them both personally and financially because of their greater emotional investment. This drives them towards more betting as they try to recoup their losses and ultimately this results in more losses.
Analysis is Vital
Another important factor to consider is your approach to online sports betting. Winners seriously analyze all their betting options and sporting events before placing bets. On the other hand, casual sports bettors tend to place their bets on impulse. Furthermore, a professional winner usually accounts for a large number of factors that can influence the results, whereas casual sports bettors do not understand these factors.
In most cases, successful sports bettors assess the current form of the teams involved and research in the history of events for the involved teams. In most cases, this is a quick and easy analysis to do and one that can reveal lots of essential information.
Do Your Research
This is by far the most essential sports betting strategy. It is always important for you to research before you start placing sports bets online. While relying on your instincts when placing bets on your favorite sports can work at times, in the end, you might not be as lucky. Therefore, for you to maximize your profits when betting on sports, you ought to do your homework, study, research and read as many sports betting help guides to assist you to make wiser decisions. Analyze past games, basics of sports
betting guide, create sports betting systems, find trends and look at the statistics–typically do as much as you can to make sure you have value in your choices before you can place bets.
A major step toward becoming a successful sports bettor is to ensure you are shopping for the most viable lines. This means you can open accounts in different online sportsbooks and whenever you are ready to place bets, you only have to check through the sites where you have an account to see those that are offering the best lines that suit your betting needs. For instance, if you are searching to wager on Manchester United on the 7 point spread, it will be essential for you to check different sportsbooks to determine if any is offering Manchester United at 6.5 points or try finding the best price available for them at about 7 points. Over time, a great sports betting season can save you lots of money if you carefully shop for the best lines, otherwise, you can easily find yourself on the losing end. It is without a doubt that line shopping is a great sports betting strategy used by thousands of winning sports bettors.
Do Not Buy Points
You must avoid falling victim to the tendencies of losing bettors such as buying underdogs up or favorites down. For instance, some bettors consider buying an NFL favorite of -3 down to 2. The sports betting sites are quite smart to charge additional ‘juice’ to do this, this makes it a very bad strategy mathematically. For example, the same case applies to buying the NFL underdog from +2 to +3. This is something that we strongly advise against because most of the time will result in you losing more than you can ever win.
Bet On What Gives You Value
This is one of the best ways to make money when betting on sports. A fast run through on a Sunday at 8:00 am will show you a few examples on the NFL where bookmakers are bigger prices than others. If you choose to go through each game in all the leagues and all horse races, there are thousands daily.
You should never bet over 5% of your bankroll on every selection as they may not all win, nevertheless, over the season, you will most likely be winning enough money.
The maths will be in your favor if you choose to place smaller bets from your available bankroll. For example, if you have $200 and only bet $2 per game, the over $100 bets you will be up, however, if you choose to do 2 bets of $100 each then even though the odds can be in your favor you can easily lose both the bets. After you have chosen a budget for your bankroll and the betting plan, you should stick with it.
Place the sure bet or arbitrage bet
The main benefit of doing the value bet is that you never have to pay the exchange commission. Nevertheless, if you never want to take additional risks, then you can make a lay bet on the exchange so that you can win regardless of what happens.
For instance, you can place a $1000 on Chelsea at 2.0 and then lay it off at 1.9 for the $1000, you will place $1000 less comm in case Chelsea wins. This will only be 2% if you opt to use Betdaq. The drawback is that you will ultimately make twice as many wagers and the admin becomes even greater. Nevertheless, if you happen to do bigger stakes, then this way you can have some decent winnings.
Take The Highest Price On Your Chosen Team
If you fancy Manchester to beat arsenal and want to place bets this way because you want to ensure you take the highest price. The main difference between the bottom and top price might be at 25%, regardless of how good you think your instincts can be you cannot just give away 25% and expect to win.
What this means is that you can open an account with all bookmakers on the affiliate website–our favorite is Bovada and then review the odds available on each of the sportsbooks such as the odds checker to make sure you get the highest price on the chosen team.
The most important thing to keep in mind is to only use bookmakers that are credible and trustworthy brands and those that can payout. They must have a great reputation and be fully licensed. We do not recommend the use of any website that does not meet the above-mentioned characteristics.
Many people bet on sports for fun without thinking that they can easily get rich betting on sports. Nevertheless, taking a structured strategy is the best possible way to maximize your winnings when betting on sports.
This sports betting guide has attempted to answer one of the hardest questions in regards to online gambling. There are millions of people that bet on sports every day across the globe. Some people bet on sports purely for fun without any expectations of ever winning real money, nevertheless, most people take part in sports betting with the hope of winning real money.
Besides the people who might consider themselves as being very unlucky, most people agree with the fact that some bets can lose and others can win. Well, this all trickles down to the price. Presuming that none of the sporting events are fixed, then all gamblers can bet knowing that any outcome is possible. As a result, they can place bets knowing that they can either lose or win.