If you have already bet on sports, you clearly know how good it “tastes.” You’d likely watch the games anyway, but with the possibility to win some extra money it’s twice as good. Unfortunately, the odds are against you, and you can’t just bet on whatever you see. You might get lucky once or twice, but in the long run, it won’t be profitable. Sports betting is kind of a gamble, but if you have a good strategy and follow it no matter what, you will significantly reduce the chance of losing. Make sure to use these six sports betting strategies, and they will surely work well for you.
Manage the bankroll
First of all, you have to gamble responsibly. Never play for more money than you can afford to lose. This sum will vary, as everybody is in a different financial situation, but only use your spare cash to build a bankroll.
Now that you have established a bankroll, it’s time to think about how much of it you can use on a single bet. It’s recommended not to bet more than 5% of your total funds. If you have $1000, don’t bet more than $50, etc. Remember, there is no successful bettor who wasn’t using proper bankroll management strategy. Whenever you bet all your bankroll or a significant part of it, you become emotionally invested. If your bet fails, you might want to deposit once more, in order to win the cash that you lost. It’s not a healthy approach, and if you do that, gambling can become dangerous for you. Promise yourself always to control bankroll, and never bet for more than 5% of it.
Let it be your hobby
SportsBet advice to treat betting only as a hobby – if you notice that you neglect your duties, relationships, or you fall into financial difficulties, then it’s better to self exclude from the game. You can always come back when you feel that you’re ready for it. Many players dream of becoming professional sports bettors, but in reality, very few people can achieve it. Always keep cold-headed. And when you’re annoyed that team that should’ve won-lost, leave betting for today. You can always come back tomorrow, and betting while being emotional can be disastrous.
Keep track of your bets
Very few people actually do this, but sadly, it’s crucial for long-term success. It’s best if you make an Excel spreadsheet and write down all the money you deposit, win, or lose. Of course, it is very dull and unattractive, but it might let you avoid losing a bet in the future. It’s a good idea to review all your bets periodically, in order to refresh what you did wrong, and what you might improve in the future. Sometimes you’re going to lose money even though you did everything right. But it doesn’t matter, and proper bankroll management strategy protects you from losing big sums. So keep track of your bets, and eliminate mistakes. In the long run, you’ll see a significant difference.
Stick to one sport
The off-season is a nightmare for every sports bettor. Unfortunately for you, athletes have to recover, and you should stop betting during that time. Yes, for real. If you love football, then only bet football games. It might be tempting to add another sport to your betting list, but if you don’t know much about it, you increase the risk of losing.
Analyze the games
The majority of sports bettors are just sports fans. They love watching it, and that’s what gives them the most pleasure. It’s nothing wrong to “bet with your heart” when you do it occasionally. However, if you are thinking of gambling for a more extended period of time, make sure to research before you decide to bet.
Another crucial thing – never bet on a team that you feel loyal to. You have to be as rational as possible, and it’s tough when it comes to a team that we like. Loyalty is a good thing, but it doesn’t pair with betting. That’s why you should stick to betting on other teams’ events.
Focus on one team
Focusing on one sport brings better results. If you are very patient, you can apply the same rule to the team or person. The best you can make is an informed bet – where you keep track of team members’ injuries, conditions, and other factors that can influence the game results. Having great in-depth knowledge and understanding of what’s going on in the team allows you to make the best decisions possible. And it will pay off in the future.
Sports betting is a form of gambling, but it’s not like other pure luck games only. Of course, you still need luck, but when you use these six strategies, it’s going to be much easier for you to win money over time.