The Basics To Sports Betting Strategy

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.

#1 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.

#2 Bet Sober and Do NOT Go Let Emotions Rule
Although betting while sober seems like common sense, you would NOT be surprised how many people bet on sports under the influence. It is NOT a coincidence that the Las Vegas casinos offer free alcoholic drinks while you are gambling?

Letting your emotions take over, which often leads to bad decisions.

#3 Do Your Homework – Most Important Tip
This is maybe the most important sports betting strategy. You will always want to do your research before placing your bets.

#4 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.

#5 Avoid Buying Points
Avoid falling into “newby” tendency such as buying favorites down or underdogs up. For example, some bettors always feel the need to buy an NFL favorite of -3.5 down to -2.5. The sports books are smart enough to charge more juice to do this, mathematically making it a bad strategy.

Above are the five main basic strategies 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, like myself, who is using a proven sports betting system.

Finally, try and place your bets at the right time. With lines shifting from the time they are posted to the time the game starts, you will want to get your bet in at the time when you are getting the best price. Predicting line movements is extremely hard but it is worth looking into.