Basic Sports Betting Strategy Tips
There are two popular goals when it comes to sports betting. Bettors obviously want to turn a profit, but they also want to be entertained in the process.
These work together, because entertainment aside, you’re going to be enjoying yourself if you’re winning. Whether you like a certain sport or the teams/players associated with it, you’re going to be smiling at the end of the night while you watch a winning bet bring home some fat stacks.
Of course, you’re not always going to win. This is why considering the entertainment aspect is key. That sometimes means not placing wagers on genres that you normally don’t pay attention to, or aren’t going to get excited about.
1.Entertainment vs. Profit
Long-winded intro aside, it is certainly important to be realistic with yourself and decide whether sports betting is purely for fun, purely for profit, or if you think you can handle both.
Making sports betting both entertaining and profitable can be tough, but it is more rewarding when you can wager that way. Regardless, the real reason you want to decide this is so you can gauge how much money you’ll be betting on a regular basis and how seriously you’re going to be taking the entire process.
Odds are that if you’re reading this right now, you care about winning, so we’ll proceed as if profiting takes precedence over being entertained.
The first step that you as a sports bettor looking to make a profit should follow is to know how much money you have to work with.
Whatever amount of cash you decide to bet with starts out as your base bankroll, and ideally serves as the amount of money you are willing to (and can afford to) risk over the course of any given week, month, or year.
You can even go down as far as limiting your daily spending, as well as how much cash you lay down on any one bet. A great rule of thumb is to never put more than 10% of your allotted bankroll on the line at any given time.
Adhering to these rules can be restrictive and even annoying, but there are going to be bad beats and off nights.
We touched on this briefly in the bankroll section, but your betting style is going to be pretty key in deciding how you operate as a bettor.
There are several sports betting styles to consider, and also some that you simply want to avoid. Here are the three we’ll go over:
Kamikaze, the big one to avoid, is simply betting thoughtlessly on any game for any amount at any time.
You want some structure in sports betting. That starts with the amount of money you’re playing with as a whole, but it also extends to each individual bet.
Make sure there is logic behind every bet you target, whether it’s a favorite at home, a player prop bet, or a steep underdog with serious upside. Never place a bet just to bet, and avoid this kamikaze mindset that can quickly ruin your betting experience.
A better angle is the fixed bet, where you know how much you are putting on the line every time out, regardless of wager type. You’re only going to get so much back if you only bet $10 on every single bet, but for each bet, you’re also only losing a maximum of $10.
4.Master of One
Before you place a single bet, it’s going to be extremely important to know about the sport you’re placing money down on. You should know the sport front and back, whether it be the players, how the game is played, the matchups, trends – the list goes on.
Anyone can win a bet with blind luck, but to win consistently and sustain success, you need to know what you’re doing as a sports fan and as a bettor.
Perhaps you fancy yourself a sports guru and you know a lot about several sports. That may be true, but there are a lot of nuances and changes during each sport’s season. Taking breaks to bet on this sport and then shift to that sport can create unnecessary confusion with how you bet.
There is something to be said about truly having one sport down at an elite level, too. In addition, the idea of finding your betting groove cannot be overstated.
Pay attention to the 5th sport betting tip on our list. Paying attention to this tip is very important because finding and choosing the right site to bet on can have a huge impact on your game. Loyalty is very important as well so don’t forget that. Choosing Betting Insider for your main betting site will provide you with accurate soccer predictions throughout your subscriptions.
5.Find the Right Site
Before you can ever place bets, you’re going to need to find a place to wager. You have your bankroll, you know how you want to bet and which sport you’re wagering on, but you don’t have your sports betting site decided on yet.
This is actually huge for your entire process, as the right sports betting sites are going to offer a collection of criteria you won’t want to ignore. Here are a few to consider when picking a site to bet at:
- They Pay
- Safe and Reputable
- Good Wagers and Odds
- Great Bonuses and Promotions
- Good Customer Service
Make your personal list if you need to, but for all intents and purposes, this list will do the trick. Rule number one when picking a sports betting site to place wagers at is they need to pay you.
There are a lot of betting sites that will gladly take your cash,
but then conveniently run into problems once you win and want to withdrawal.
Avoid this! Find a collection of sites that you love that are never catching heat for slow payments or failure to pay.
Value was touched on for a second, but this certainly isn’t confined to just which sites offer the most playable wagers.
Once you have picked your favorite sites to wager on, it’s then up to you to hunt out the top value bets every single day across all of your favorite sites.
The trick here is that value is fairly subjective, so you’re only going to know it when you see it. One good idea is to start your day by looking at every site’s opening lines and start gauging where the best value resides.
We could probably go on and on about sports betting tips to consider, but one of the most important strategies is to not have a strategy at all.
Win or lose, sometimes the best thing you can do when betting on sports is to simply take a break. Those big losses can put you on tilt, which isn’t just a poker or gambling term, but truly an actual feeling.
When on tilt, you’re vulnerable to betting more than you’ve agreed with yourself, or you will look at value and wagers in a biased manner.
Instead of going into a new day with a warped betting perspective,
just swallow the loss and take a day or two off.
Once you get your bearings right again, you’ll be completely refreshed and ready to take on a whole new slate of bets.
This can also be something to think about after a big win. Often when you take down a huge prize, you can feel invincible, or make silly bets because you talk yourself into betting with “free money.”
That’s a dangerous game, as you start working against the betting tendencies that got you into a successful pattern, and you start making obscene bets.