In modern betting today, millions of people of all ages are investing their money in gambling,
with hopes of getting back as payouts. As one of the most prominent entertainment industries,
sports betting has half of the world’s population actively engaged in it.
Winning in sports betting goes beyond wagering a certain amount and expecting to get paid for it
because you’re sure your bets will pay off. Instead, to really win in betting there are some do’s
and don’ts you must follow to mitigate the risk of losing and gain more wins.
No matter which sports you gamble on, to be a successful punter who weighs their success in
cash you must be armed with the knowledge of what you should or shouldn’t do in betting.
This infographic we have designed highlights those dos and don’ts of betting to help bettors get
the best experience when wagering online:
DOs:
Research Games Before Betting
Betting markets decide closing odds, not exactly sportsbooks or oddsmakers. So if you want to
win, do a thorough research on the different types of betting markets and understand how various
types of bet and wagers work.
Research is how you make profits and it is also what places you ahead of other misinformed or
biased bettors.
Luck might win you games, but it will never give you enough rates you need to place profitable
bets or all the edge you need to succeed in this industry.
A Bankroll
A bankroll is the amount of money you budget solely for gambling purposes. Having one is
important so that you avoid financial problems in the long run, and stop your small losses from
turning into bigger ones.
In your bankroll, only add money that you can afford to lose and don’t merge your living budget
with your gambling money. This way you don’t spend your entire savings on gambling losses
and you can track how much you’re actually losing.
Trusted Betting Sites
To avoid being scammed out of your money or winnings it is important that you bet with a
website that is licensed and has a lot of evidence to back up their eligibility.
The Best Prediction site you come across will have reviews and testimonials from other bettors,
good customer service, a traceable site, a team of verified experts to guide you, and a license to
operate in the area where they are established.
Consider Value
Bets have no worth if you’ll lose more than you gain from them. This type of wagers won’t work
well for you in the long run.
Before placing a wager, value is the most important factor to consider if you want to keep
winning in sports betting.
Don’t always chase wins and completely ignore the value they’ll bring to your bottom line or you
might misinterpret your definition of success. It is not worth it if you win the majority of your
bets, but still lose money every other day.
Avoid paying extra money to win a bet that has bad odds attached to it. This is a strategy for an
inexperienced bettor.
Use Multiple Sportsbooks
You’re allowed to exercise freewill in sports betting even if it means using multiple sportsbooks
for their sign-on bonuses, cash-match, or free credits.
There is no one Hot Prediction Site in the sports betting industry, there are many of them, and
they are all trying to win you over.
During your shopping, you might discover that most bookies offer better odds, bonuses, and
markets than the one you’re already using.
A Long-Term Approach
Don’t bet to add up your winnings or losses on a daily or weekly basis, instead use a sports
betting strategy that aids you make profits in the long-term.
To back up this strategy you can do things like set aside a bankroll or keep track of all your bets
so that you know which ones are a success and which ones to avoid in future.
In-play Betting
In-play or live betting is a type of betting where you can wager on a sports event after it has
started. Here you can watch the beginning of the game before choosing who you want to back.
Live betting is one of the best benefits online sports betting can offer to bettors. It provides a
range of betting opportunities, a chance for you to make huge profits, and helps you make more
informed decisions.
Don’ts:
Bet With Emotions
When betting on sports don’t let your emotions get the best of you and the wagering decisions
you make.
This means don’t bet on your favorite team because you are emotionally tied to them and this
could cloud your judgment. On the other hand, don’t bet against the team that is obviously going
to win the match because you don’t like them.
Bet based on an outcome that has a high probability of occuring, rather than on what you want to
happen.
Outsmart The Book
You can’t build a sports betting system that wins by following shortcuts or cutting corners with
your bets.
Unrealistic parlays that waste money or prop bets with bad odds attached to them won’t get you
what you need.
Instead do your research, practice good money management by spending responsibly and
investing an amount you can lose, and bet based on value.
Chase Losses
Chasing your losses is a bad move that has terrible results and can drain your bank account.
Increasing your stakes after a bad run is a trap you could easily fall into, and matter how badly
you want to recover your past losses you should never play this card.
Losses are a part of sports betting and even successful bettors lose. But what sets them apart
from other bettors is how they react to their losses. They accept their failures, stay on track, and
keep following the strategies they know will make them money.
And this is the model you should follow if you want to win. Don’t panic after a loss, instead
review your wagers and try to understand where the misstep in your plan is. Eventually you’ll
make back all your losses.
Bet Without Reasoning
Sportsbooks won’t set their lines based on what they think an outcome of a game will be, but
based on the public’s opinion of what the outcome will be. If you can find where the difference
is, you can use it to your advantage.
Before placing a bet, ask yourself why you’re choosing to bet a certain way instead of the other.
If you can’t answer this question, then don’t bet on that game.
Think Every Sports Books Has The Same Lines/Odds/Spreads
Sports bettors leave points on the board when they don’t try to find the most favorable betting
lines for the plays they want to make.
Lines are adjusted by sportsbooks based on the bets they receive and as such, every book won’t
have the same numbers.
After deciding the play you want to make, search for a more favorable option with other
bookmakers. Even if it’s a half-point you’re getting, you can go with it as long as it is a number
that is giving you the best winning chance.
Give Into Greed
When you’re on a winning streak try to resist the urge to increase your stakes every time you win
a bet. This is because winning streaks don’t often last and are a rarity in sports betting.
This is betting and asking you to play it safe doesn’t hold much water here. But keep your stake
increase sensible so that when results don’t favor you, you won’t lose all of your winnings.
Merely Bet For The Sake Of It
Making accurate predictions for each sports outcome is hard, but it is not impossible and can be
accomplished by considering all the factors that influence what will happen.
Take in all these factors and their impact if you want to win betting on sports. Also know when
to and when not to bet. Be selective about when you want to risk your money, even if you’re just
betting for fun.
No need to bet on every game in a week. The only thing it’ll do is drain your funds because
they’ll always be tough games you can’t win.
As you bet, remember that sportsbooks rely on you being uninformed to make money off you.
Following these do’s and don’ts won’t just help you win, but they’ll also keep you from falling too
far down the sports betting hole.
Furthermore, if you want to turn your weekend indulgence into a side-hustle, the rules we’ve laid
out for you will help you make profits.
Guaranteed they won’t help you make that fast cash you’re hoping for, but they can increase your
winning chances. They are fundamentals most bettors can swear by.
Combine these rules with practices like finding sports you often win in, betting only from your
bankroll, researching every game thoroughly, and betting against the public.
