Gambling and betting have been always been a fun way for people to make a few extra bucks. There is a thrill in making a bet which is not quite easy to explain. The intense excitement of making the bet and the euphoria that comes with winning is what keeps bettors coming back for more.
But to make this an enthralling experience, one must use proper strategy before placing their bets and make careful calculations to gauge how much money to put on stake. The planning and strategies may sound complicated but is not rocket science! In the world of gambling, it is impossible to always guarantee a win while betting. Experienced gamblers follow tips and tricks that they have learned over the years to increase their chances of a win. Based on that, here are beginners tips for successful sports betting. These are easy tips that will help you make better use of your money and considerably increase your chances of winning!
Every Successful Bet Has a Strategy Behind It
Although to a layman betting might seem solely like a game of chance, to an experienced bettor the situation is quite different. There is and always will be an element of chance, and frankly, luck seems like a factor too. But all bettors know there is also much more to it than sheer luck. For instance:
Know what you are betting on
If you want to be better at anything, you should try to acquire as much knowledge and information about it. The same general idea also applies to betting. You should have a thorough knowledge of what you are betting on. This will give you an edge over others who are less knowledgeable. Having an in-depth understanding on what you are betting will arm you with better knowledge of the market and you can pick up on subtle signs that others might have missed.
You Need an Understanding of Basic Mathematics
At the end of it all, betting is a numbers game. You might have questioned yourself in high school where will you apply your knowledge of probability and statistics. Well if you are a bettor, you will find yourself frequently calculating the odds and probability of a team winning or losing. Only rookie bettors bet on instinct. More seasoned and experienced bettors will have a better understanding of what the odds tell about the probability of a certain bet.
Try Out Multiple Bookmakers
Bookmakers will often try to give you welcome bonuses, free bets and other promotions and incentives to bet with them and only them. However, to make the most of your bets, you should really look around and check which bookmakers are offering the best prices for the market. The way you constantly check multiple airline tickets to see which one offers the cheapest flight to your destination, the same applies to your bookmakers as well.
Do Not Get Carried Away or Beat Yourself Up Over A Loss
Gambling or betting is a form of sports in all its entirety. So it’s important to know and accept the fact that you WILL lose at some point, even if you’ve hit the gold pot few times in a streak. Here are some Don’ts to keep in mind:
- Do not let a loss completely throw you off on your game and demotivate you. Try to stick to the plan and the analysis that you have done.
- The same also applies for a win. Do not let a few winning streaks go to your head.
- Do not get carried away and bet overconfidently on something you are quite not sure yet. Just because you have been winning the past 2 or 3 bets, there is absolutely no guarantee you will win the next one.
Have a General Understanding of How Bookmakers Set Odds
The way bookmakers set odds depends on a number of reasons. In general, bookmakers will actually set the odds according to what the general people want to play rather than the actual possible outcome of the event. You can use this to exploit where the opinion of the public is blatantly wrong and take advantage of that misinformation. Popular events where casual and less experienced gamblers show huge interests can be an enticing option to bet on. The bettors will not have that much detailed knowledge of the strategy of betting.
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Do Not Always Go for The Big Win
Do not always try to take the shortcut and bet all your money on the bet which seems to have a huge payout. As enticing as it may seem it is not the smartest decision to do so. Always bet on them when you have done enough research on the odds and the probability and if the bet actually has a good value. Otherwise, it is best to stay wary of these types of bets.
Think Long Term
Always think of betting as a long-term endeavor and you will see your bank balance slowly increase. Thinking long term will keep you grounded and stop you from taking impulsive decisions and also give you time to think each and every bet through. If you approach it like a sprint you may find yourself burning through all the cash quite fast without having a substantial return. Whereas, this could have been avoided if you would just have taken it slow and applied more strategy on each of your bet.
Try Less Popular Sports
Try to broaden your horizons on the types of bets you make and on different types of sports. Bookmakers are constantly expanding the number of sports they cover. And that means that there will be some sports which the bookmaker themselves might not also know a lot about. This can be an opportunity to turn the odds in your favor.
Favorites Might Not Always Steal the Win
Bookmakers will more often than not prefer the favorite to win and also expect most of the bettors to bet on them. However, this might not always be the case. Even though on the surface the crowd favorite may look like they have the better chance of winning, it pays to look into it a bit deeper. There might be plenty a time where the favorite gets beaten out by the less favored one. Keep a keen eye on which parties are you betting and analyze all possible outcomes and past results to come to a more informed and better decision on what to bet on.
Get Used to The Fact That Anything Can Happen
When it comes to betting there is never really a guarantee on anything. There is absolutely no way you can come up with a strategy that will always guarantee you a win 100% of the time. Yes, coming up with a well-planned and a well-informed strategy sure does increase your chances of winning, but it in no shape or form guarantees you a win all the time. You need to make peace with the idea that anything can happen and is possible and things can either go in your favor or against.
Kill Your Darlings
For sports betting, you need to be rational, rather than emotional. Most players will do the opposite and place their wagers on their favorite teams. But the truth is that sometimes your darlings might not be at the top of their games. It is easy for punters to get confused while placing their bets, as taking the right decision on the strongest team which is most likely to win is definitely important. But, if you only bet because you want to have fun then it is okay to place your bets on your favorites and cheer them on. But if you are trying to win and make some money, then try not to let your bias deter your judgment. A good way to do so is avoiding the sports events where your favorites are taking part.
Learn the Lingo
If you are in the sports betting game for long, you will eventually get the sport lingo. But if you are only starting, then you should try to learn the lingo. Some lingos include Buck, which is essentially a $100 bet, or Chalk, a team which is most likely to win, or Fin, which is a $50 bet.
Research on the Teams
There is no need to spend hours on them, but at least spend some time looking over their previous scores. It is worth investing some time even if it means only studying over the basic statistics or reading some news articles. Watching the previous games is another fun way to get your research done.
Don’t Become Overconfident
Sometimes you can get a winning strike just because of pure luck or good research. But keep in mind that this will not last, so don’t bet more than your limit just based on that. It is important that you don’t get carried away thinking you are a betting genius and can only win your sport betting.
Don’t Lose Heart
On the other side of the spectrum is the losing strike. Sometimes that can happen as well. Make sure you are not losing heart because of it as your luck is very important to win the sports betting. Not even the best bettors in the world win all their sports bets.
Join a Forum
A forum can be a useful source of information on sports betting. You can definitely learn a lot by getting accustomed to the ins and outs of a betting forum. Reading discussions of the other bettors can be enlightening to help you win your sports betting.
Experiment
There is no right or wrong while you make your bets on sports. There are many different kinds of ways to make this effective. The best way to learn the ropes is to experiment with your bets. Try different strategies each time to see what gets the most positive results. Also, try to experiment with different types of wagers with different forms of sports betting as well.
Trust Your Judgment
There are experts in the media who can give you information on many betting tips and tricks. There is nothing wrong with learning from other people, but you should also take your own judgments into consideration. Your instincts should always come first when you make your bets.
Take Breaks
Sports betting should be a fun thing for you to enjoy, even if you want to make some money while at it. If it turns out to become more of a chore rather than a fun activity, make sure that you take some break. This will help to keep the sports betting still enjoyable. Coming back to the game will also help you make some rational decisions.
Keep Records of Your Bets
Beginners usually make this mistake of not keeping their records of betting. This can make you spend more than your limit, plus records can help you find ways that are actually working. If you are looking at it long-term, then it is essential that you study your records and look for strategies to win more often.
Conclusion
As simple as they may sound, if you follow these simple betting tips, you are sure to increase your chances of winning quite a lot. The more you practice and gain experience, the sooner you will find your own path through this maze and figure out what works best for you!