As one of the oldest forms of gambling in existence, sports betting has always been quite popular. The nature of sports betting is relatively simple. You bet your money on whatever outcome you think is likely and win if you’re correct or lose if not. And ever since online sports betting sites have come into the picture, betting on sports has become easier and more popular. According to the Office for National Statistics (ONS), the average household in the UK spent £166 on sports betting in 2012, a fairly large sum. And the numbers have only increased in the last few years. But, a large amount of this money is wagered by amateurs who lose more money than they make. This is due to lack of knowledge about the sports and betting in general.
Most people believe sports betting is based on pure chance. This is not true! And with the betting industry growing rapidly, the competition has only increased. The following tips, strategies, and tricks will help maximize your winnings and stay secure while enjoying betting on your sports.
Do a Thorough Research
Doing your homework well is important even for seasoned bettors. However, it becomes absolutely necessary for beginners. If you’re a rookie bettor, you should learn all you can about online sports betting. You should know the basics of betting, different types of betting, and when to place which bet. You should also research for a good sportsbook, bonuses and offers, etc. with different sites. Learning the basics before you start placing bets will help you enjoy the experience better!
Focus On One Sport and Team
It is extremely important to know the sports you are placing money on. You should know the sport inside and out whether it’s the players, game rules, matchups, trends, etc. When you have in-depth knowledge of a sport, you can decide which team to bet on and what the rules and requirements are. When you focus on one sport and one team, you can gain in-depth knowledge about them. It also reduces the time you waste on researching each match.
Find the Right Site/ Book
It is also very important to find the right sportsbook to place bets on. There are many scammers ready to take advantage of naïve bettors who don’t do their research properly. When you select a site to bet at, make sure it’s safe and reputable. Also ensure it pays its customers, has good customer service, good odds and wagers, and offers great bonuses and promotions. Considering these criteria will help you choose a good site.
Manage Your Bankroll
In order to actually make some profit at betting, you should learn to manage your bankroll. Bankroll is the amount you set aside for betting purpose or the amount you can afford to lose. Betting large sums on each bet can lead to heavy losses. Instead start small and bet only 1 to 2 % of your bankroll on each bet. Betting small sums reduces the chances of losing money. It’s what the professional bettors and experts advise you to do!
Fade the Public
Fading the public means betting against the public opinion. The concept is to take advantage of sports books shading the lines to reflect the public opinion. This leads to some soft lines where you can gain an edge by fading the public. The key is to find wagers where you think public bias is driving the action, and betting against it.
What most bettors want is a simple strategy that brings consistent and guaranteed winnings. And while there is no tip that guarantees wins, following the above tips can help you earn more profits.