Sports predictions are an art that must be approached with the utmost form of mastery and finesse. In this article we discuss The Art of Sports Predictions: Tips to Increase Your Chances of Success.
Not knowing the basics of sports betting can be a frustrating process, even if sports itself can be thrilling and lucrative. Succeeding in this process requires more than just fortune; strategy, discipline, and knowledge places a role too.
We understand that making money from sports predictions can be hard, but there are sports bettors who win consistently. There are also a few experts who do sports betting as a profession and consistently make money from it. They just have good betting strategies that they use.
There are enough strategies and tips to go around for beginners, intermediate, and high-level sports bettors. No matter how much experience you’ve acquired in this industry, you need a method that lets you win with sports predictions.
On that note, we’ll be giving you 6 ways to master the art of sports predictions to increase your chances of success in sports predictions.
Read: The Advanced Guide To Football Predictions
6 Ways To Master The Art of Sports Predictions: Tips to Increase Your Chances of Success
Although sports predictions should be entertaining and simple, they can be challenging and disheartening too, especially if yours is ridden by a series of losses. But this shouldn’t always be the case.
The tips we mentioned below will show you how to master the art of sports prediction and how to get the most out of this activity, while still having a good time.
1. Understand Betting Odds
Betting odds are one of the most important things to understand when wagering on sports. Odds show you how much money you’ll earn back if you win your wagers, and give you an idea of the possibility of an event occurring.
Odds depending on the region you’re betting from can be displayed in different ways – decimal, fractional, or American. Knowing what the odds are can help you make informed decisions when wagering on sports.
See: Betting Basics: How Do You Read Betting Odds?
2. Bet On Sports Online
Betting with a Prediction Site is one of the most convenient ways to do sports predictions. There are also several advantages that come with it, which we discussed in another article.
Wagering online might be easy, but finding the Best Prediction Site for you is the difficult part, as there are too many of them to choose from. While most of the sites are reliable and protected, there are some that are not.
To identify the best sports prediction sites, check out the article that we did on how to find the best prediction sites. We made that list based on research, features and the level of trustworthiness they instil in their customers. They offer fantastic all-round service too.
Read: Evaluating Football Prediction Sites: What to Look For
3. Understand Simple Mathematics
You do not need to be a genius at Maths to predict sports. Chances are, you know more about sports predictions than actual mathematicians do, so you should not be discouraged.
That being said, instinct and a good ‘hunch’ can make you successful in sports predictions, but to build long-term profit, get a standard staking plan and understand what the odds are reflecting in terms of probability. Since it’s a game of numbers, just have a good enough knowledge of division and multiplication.
4. Learn The Sports Predictions Lingo
There are many terms and phrases used in both sports predictions and betting, which you may not know if you are a beginner in this industry.
Most of these things you will pick up along the way, but try to master them before you start predicting. At the very least, you’ll be able to read what is written on the Prediction Site.
If you need extra help, we did an article on a glossary of sports betting terms.
See also: Betting Terms – The Complete Sports Betting Terms
5. Understand Value And How To Spot It
Value is a simple concept that most bettors don’t understand. This is actually a good thing because this ‘square’ money from naive bettors is what skewers the market, leaving a great opportunity for the few gamblers who know how to identify and exploit this value.
To spot value, you’re basically judging probabilities surrounding an event more accurately than the market. But doing this for every sport and game is difficult, although it is not necessary.
Your big edge over the bookmaker is in your ability to skip matches that have unfavourable odds. The bookie will have to offer odds for almost all the matches, in the most popular leagues.
Identifying value is the most difficult thing to do in sports predictions, but with practice, you’ll be able to do it consistently. Once you have developed this ability to spot value all the time, you’ll get a systematic edge.
6. Have A Budget And Use A Staking Plan
No matter how much money you have, or what your short-term or long-term goals are, setting a budget is a must.
You, losing money is a more likely occurrence than winning money. This is why you should decide how much money you are ready to risk and ensure that you don’t stake more cash if you lose all your bankroll.
One thing you can do is set a daily, weekly, monthly, or annual budget. You can do like some bettors and set aside a sum of money with no time frame attached to it. How you choose to set your budget is your decision to make. Ensure however that you are taking an amount you can afford and it is something you’re committed to sticking to.
In addition, you should use a staking plan. A staking plan is pretty much a set of rules that decide how much you should stake for every wager relative to the size of your budget. It is recommended that you stake around 1-2%, and no more than 5%. This will allow you to withstand a few losses easily without blowing through your budget quickly and needing to take out more.
Furthermore, using a staking plan has other advantages too:
- You will be less inclined to chase losses during a bad wager.
- It will be hard for you to lose any money you made from a good wager run.
- Using a staking plan will also help you make more rational betting decisions.
Related Articles:
Betting Basics: The Different Types Of Sports Betting
How to Use Football Prediction Sites to Maximize Betting Profits
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