Want to know the best tips for winning at sports betting? Don’t lose … I laugh. Only once in the history of the greatest professional sports in the United States has the team had a perfect season. Nobody is really perfect.
The fact is that there will be losers in sports betting. Even the best athletes in the world rarely win more than 55% of the cases.
Winning in sports betting is difficult. Period. It is not without reason that sports betting is such a profitable business that it is legalized in many areas. However, some bookmakers win and earn big money!
Being a successful sports player is anything but impossible. But as you can see, it will not happen without proper knowledge and skills. The following rules should, in order, give a novice sports player a chance.
Maintaining a solid knowledge of bankroll management can be easily compared to the actual experience of buying a new car. When a customer wants to buy a new car, he should come to the showroom with an idea of how much he wants and is able to spend.
Usually these two numbers are slightly different. But the point is, he has to go to the dealer with a financial plan. Guess what will happen if he doesn’t? He will inevitably leave the showroom with a half smile on his face as he can buy a brand new vehicle for roughly twice what he has ever wanted to spend. It literally pays to have a financial plan.
The same goes for sports betting; Bankroll management is essential. First, set a budget. If a fixed budget is never set, sometimes spending more money than you can afford can be almost inevitable. Self control is always the main key when it comes to sports betting and setting a budget can save your life.
Along with creating a budget, effective budget management is crucial. Of course, leaving half of the budget underdog for a long time to upset a favorite is probably not the smartest choice. Could he pay once? Secure. But most often this misfit will lose, and with him all the money allocated for its use will be lost. Generally speaking, only a small percentage of the allocated budget should be wagered on any bet. One to five percent of the plant budget is acceptable.
Build a high-quality betting portfolio
Building a high-quality betting portfolio can be difficult for new sports players. Often times, inexperienced players find a game they like and spend a large part of their budget on it. When only one bet is at stake, luck and other factors can play a big role in the result. However, when five or six different types of bets are involved (especially on different games), bettors are much more likely to achieve real results.
One of the reasons it may be difficult for newcomers to build a diversified betting portfolio is because it is not easy. Many players feel it takes more money to build a diversified betting portfolio. It’s not always like that. It is enough to distribute the budgeted money to different plants in different areas.
Some experts indicate specific budget percentages that should be allocated to different types of bets. However, plants are like snowflakes. Each plant is slightly different. So each bet is a challenge to something other than the bettor. Of course, it may make sense to stake a higher bankroll percentage on a highly rewarded, low-risk opportunity.
Of course, it may be unwise to allocate a large portion of your budget to a very unprofitable, high-risk opportunity. As a result, sometimes a greater proportion of a player’s budget goes to one area than to another. The next week may turn in the opposite direction.
In any event, the bettor profile should contain a healthy mix of the following bets: Against Spread, Moneyline, Over / Under, Futures, Props and may include parlays and teasers. Thanks to a diversified betting portfolio, bettors have a much better chance of getting real, high-quality results than changing everything in one bet.
Find high-quality bets to place
Finding bets with a great money-making opportunity is another thing that can be difficult for new players. There are several things to consider when researching and considering a plant.
Understand expected value and return on investment
If bettors really want to make money from betting, they need to know how to calculate expected value and return on investment. Check out the other BettingPros articles on Expected Value and Return on Investment to understand what these two things are. Online tools and calculators provide players with easy-to-use tools to help them.
All you need is a quick search on the Internet combined with entering a few numbers. Obviously the bettor wants to have as many numbers as possible for these two numbers. Calculating EV and ROI for potential bets can help new players find potentially profitable investments.
Look for value picks, not winners
This may sound a bit weird. However, think of it this way. Bettors can win nine out of ten bets by placing the same amount on each bet and still lose. The other best player can only win one of the ten bets by re-placing the same amount of money on each bet and winning money. Sports betting is all about value.
Although the first player has a win rate of 90%, everyone prefers to be the second player and earn money. When bettors understand EV and ROI, it becomes easier to make value decisions.
Have a long memory
Short memory is one of the worst traits a sport betting company can have. The NFL continues to provide excellent examples; Teams will crush him in one week to be crushed the next week. This happens regularly. Long memory helps bettors spot potential bets where bettors may have been too short-sighted.
Bet at the right time
Most of all, the courses are fresh and not affected by any public trends. However, bookmakers tend to keep things as evenly to themselves as possible, and big money on one side or the other forces bettors to make adjustments. Of course, this could be a reason to bet earlier before the odds change, but it could also be a reason to bet late.
If a bettor finds that the odds seem too skewed all the time before a game, this can also be a great time to hurry up. Betting early or taking big chances late are two of the best times to bet.
Research is crucial in sports betting. It may seem obvious, but in today’s world people want results with as little effort as possible. Sports betting is like everything else in life. When a bettor works hard, he is much more likely to be successful.
However, this is not all if you are not looking for good things. Sports betting research can cover everything from checking statistics and watching matches to calculating your return on investment. For convenience, divide the research into two different types: sports knowledge and numerical knowledge.
The “sports” side of sports betting research is probably what most random fans like. This can include watching games, researching statistics, monitoring team and player trends, and more. For newcomers to sports, it can be helpful to focus on one sport, as the time it takes to do this research across multiple disciplines can be overwhelming.
To be successful at sports betting, you need to be very knowledgeable about the sport. Take the time to consider yourself an “expert” in the game, it will pay off.
The numerical side of sports betting research can be more exhausting. However, studying different lines of play, calculating the EV and ROI, and finding good values may be more important than sports knowledge.
In fact, finding the best odds from different bookmakers can even mean the difference between winning and losing a bet. Before placing a bet, bettors should make every effort to research it. Find great value, find the best odds on that bet and bet.