It would be hard to find someone who doesn’t enjoy sports betting. Whether it’s football, soccer, or any other sport, the fun is in trying to guess the outcome and making some money while you’re at it. But what is it about sports betting that has us all hooked? Could it be the challenge of predicting the winner? The anticipation of watching the game live? Whatever it is, sports betting provides hours of entertainment for people around the world.
With that being said, as fun, as sports betting is, there is still quite a lot to learn and many mistakes to be made. Here are some of the best sports betting strategies to implement for more successful bets.
Goals and Expectations
The very first thing that you should begin considering when trying to improve as a sports bettor is what your goals are, and what expectations you have. This might not sound like it will immediately improve your betting skills, but it will help you to make better bets.
For example, if you are trying to make money whilst betting on sports, then you will need to start implementing actual betting strategies and do a lot of research before making a bet. For example, try using a top sports handicapper for betting like Kyle Covers to start making smart bets that will make you some money. When it comes to expectations, you need to realize that winning one bet won’t make you rich; you will make money from many smaller bets over some time.
The next thing that you will need to pay attention to is how you are managing your bankroll. Bankroll management is an essential skill when it comes to sports betting, and it is what will allow you to make bets until the end of the season.
A great bankroll management system is making bets between 1% to 5% of your total bankroll. For example, if your bankroll was $500, then each bet you make should be between $5 and $25. This range still allows you to make “bigger bets”.
Biases and Gambler’s Fallacy
Another thing that you should avoid at all times as a sports bettor would be biases, as well as the gambler’s fallacy. When it comes to biases, this can be difficult to overcome, since as humans we develop preferences. However, this doesn’t mean that you should bet on your favorite team just because they are your favorite team.
In addition to this, only make bets based on what the research says. For example, don’t make a bet based on the fact that a team has lost 3 times in a row and the law of the universe dictates they can’t lose again.
Bet on One Sport
One of the biggest mistakes that new sports bettors make is betting on all of their favorite sports. This is understandable since sports betting can be incredibly fun and you have the chance to win money whilst watching your favorite team. However, this can be a recipe for disaster.
When you bet on one sport, you can focus all of your attention on it and research everything that needs to be known about the sport in question. When you bet on many sports, your focus is split, your research will suffer, and you will end up making bad bets.
If you are looking to improve and make more money on the bets that you place, then you should make it a habit to shop for lines. This means that you should be looking to get the best value for the bets that you are making.
To shop for lines, all you need to do is check the different online sportsbooks and see what the spreads are, what the odds are, and what the cost for each bet is. By doing this, you can increase the amount of money you will receive when winning a bet.
Understand Point Spread
Finally, the last thing that you need to focus on is understanding the point spread. Sometimes a team doesn’t need to win a game for you to win the bet, and this is where the point spread comes in. Take, for example, the point spreads for a game are as follows: Team 1 – 2.25 (-110) vs Team 2 + 2.25 (- 110).
This means that Team 1 is the favorite, and needs to win by 3 or more points, and Team 2 is the underdog and needs to not lose by more than 3 points. If the score at the end of the game is 10-8, by Team 1, and you bet on Team 1, you would have lost the bet since they did not win by more than 3 points.