In order to help yourself make money or a profit from sports betting there are a couple of basic strategies or tips you will want to understand and follow. None of these sports betting strategies are secrets by any means, but following them will help you win money betting on sports.
The bettors who do NOT follow any of these strategies are the type of bettors that the sports books love and will make their profits from.
#1 Sports Betting Strategy – Money Management/Bankroll Management
When you are betting on sports you should always set aside a certain amount of money, which we refer to as your “bankroll”, in which you can afford to lose. Like with any type of gambling, you never want to bet betting on sports with money you cannot afford to lose. Set aside a certain amount of money that you can use for your bankroll for the week, the month, or the season. A general sports betting strategy for money management is to only make bets with 1%-5% of your bankroll. For example, if your bankroll for the NBA season is $1,000 you would be making $10-$50 bets on each NBA game you wanted to bet on. It is also very important that you do not chase your loses with bigger bets. It is common for some sports bettors to be down money and feel in order to win it back they need to increase the size of their bets. This is putting yourself in the wrong mindset and will often lead to you losing even more money. Work with the size of your bankroll, and look to slowly increase it over the length of the season.
#2 Sports Betting Strategy – Bet Sober and Do NOT Go on Tilt
Although betting while sober seems like common sense, you would be surprised how many people bet on sports under the influence. Is it a coincidence that the Las Vegas casinos offer free alcoholic drinks while you are gambling? I do NOT think so. but betting while under the influence will impair your judgement and should definitely be avoided if you want to become a winning sports bettor.
The second part of this tips is “Don’t Go on Tilt”. Going on tilt or “tilting” is a commonly referred to term with poker players and basically means letting your emotions take over, which often leads to bad decisions. If you are angry or upset at something, such as a couple bad beats with your sports bets, you should NOT be placing any more bets. Take a break, go for a walk, get your mind clear before you start making anymore sports betting picks.
#3 Sports Betting Strategy – Do Your Homework
This is maybe the most important sports betting strategy. You will always want to do your research before placing your bets. Once again, read the articles on this site. Although going with your hunch when betting your favorite sport may work some of the time, in the long run it will not lead to you winning money betting on sports. In order to profit from sports betting you will need to research, study, and do your homework for each pick you make. Look at stats, find trends, create sports betting systems, analyze past games – basically do everything you could possibly do to ensure you have value in your pick before you place your wager.
#4 Sports Betting Strategy – Line Shopping
A very big step to becoming a winning sports bettor is to make sure you are shopping for the best lines. What this means is that you will have to have an account at a couple of different online sports books and when you are ready to make a bet on a certain team or outcome you check the different sports books and find which book is offering the best line for you. Over the course of a sport betting season you can win yourself a lot of money from shopping the lines that would otherwise would not be one. Line shopping is definitely one of the best sports betting strategies used by winning sports bettors. To see a list of sports books I recommend signing up for visiting the banners on the right side. These sports books are all highly rated.
#5 Sports Betting Strategy – Avoid Buying Points
Avoid falling into the sports bettor losing club with tendencies such as buying favorites down or underdogs up. The sports books are smart enough to charge more juice to do this, mathematically making it a bad strategy. In 97% of cases I would advise against it.
Above are the five main basic strategies, in my opinion, you will want to follow in order to become a winning sports bettor, but there are a couple of other tips you can use to help you win money.
For one, you can try following a sports handicapper who is using a proven sports betting system and only has picks like myself for one sport at a time!. Be careful of scammers out there though. If they do NOT show their past records long term plus proof I would pass.
In addition, an old sports betting strategy is to bet on home underdogs. The theory is that teams are usually more inspired to play at home, and they will often NOT fold if they are down like they may when on the road. Betting home dogs in the past could have made you money, but this is NOT true as much anymore.