For some, sports betting is an occasional, fun hobby. For others, they treat it like a business in securing additional income. If you master the art of betting on sports, you can find yourself raking in the earnings. There are five key things to remember if you want to be successful placing bets:
Know the Sport
Knowledge is key. While some punters have beginners’ luck placing their bets on a whim, it’s best to avoid shooting in the dark. A valuable edge over other bettors involves doing your homework.
Understand the math behind the game. Look at the statistical overview. Research the teams. Consider varying factors based on the sport, such as favorites, underdogs, player experience, quarterback ratings, injuries and more.
Make Fewer Selections
The common expression, “Don’t put all of your eggs in one basket,” can apply to sports betting too. In this scenario, the eggs are the multiple selections you place in your bet. Try not to choose more than three teams or selections to bet on. The fewer selections you include in your bet, the greater the odds of winning.
Keep Emotions at Bay
Don’t bet with your heart. The loyal, die-hard fan in you is telling you that your favorite team could come back and win it all. Although they haven’t been playing well, you still put the money up believing that there will be a turnaround.
Betting money on sports strictly through the lens of your emotions can get you in trouble. Instead, put your analytical glasses on. This is what experienced bettors do. They do the research and look at the trends of the teams objectively.
A common mistake new rookie bettors make is basing their wagers on what happened in the last game. They look at a team’s performance from a past game and draw a conclusion. Instead, look at the overall quality of the team. Gather figures from the last game to use as insight into future performances, but be careful not to immediately write it off as fact.
Consider Less Obvious Markets
There are less obvious markets that are safer bets if you’re willing to do the research. You can even find good prices in these obscure markets. For instance, you may not feel confident betting on a team to win in your accumulator. However, there may be a top scorer in the league. The safer bet is betting on that player to score, rather than betting on an unpredictable team to win the game.
Sports betting takes some serious research and methodology to start turning a profit. But by learning the art of the game, making smart selections, remaining unbiased, thinking ahead, and considering less obvious markets, you’ll have a clear advantage over the bookies and other bettors.
May the odds be in your favor!