Ever since people were able to compete, there have been those willing to take a risk and bet on the outcome. While some are more prone to gamble than others, we all get excited at the prospect of winning money. So why do people do it? Some do it to get some action on an otherwise uninteresting matchup. Some bet on their favorite teams. And some bet on sports to make money; After all, gambling (if done the right way) can be profitable. Whatever your reason for betting on sports, it’s important to follow a few rules. Read these sports betting tips to increase your odds of beating the bookie.
1. Shop around: While lines are usually similar from sportsbook to sportsbook, there are almost always variances. This might mean having to set up multiple accounts at reputable sportsbooks. Shop around for the numbers that you like the best. For example: if you already like the underdog at home, bet with the sportsbook that has them at +9 instead of the one that has them at +8.2. Bet against the public (ATP): Do your research. Which way is the public betting? It’s usually smarter to bet against them. Why? Cause all the money is on the public favorite and bookies always prefer to have the advantage. While it is sometimes necessary to bet with the public – the lines aren’t always set right – ATP is an important concept to keep in mind.
3. Money management: Never bet more than you can afford to lose. While the prospect of doubling up your son’s college fund on a single bet is tempting, there’s always a good chance you’ll lose it all. Remember that even if you’re a very good handicapper, the odds of winning your bet might only be 10-20 percent better than a coin toss. Decide how much money you can afford on betting over a determined period of time and stick with that bankroll whether you win or lose. Divide your bankroll into several small bets instead of large single bets. This way, even if you lose some, you’ll certainly win some and have a better chance of winning money consistently.
4. Don’t chase bets: It’s tempting to chase bets after losses. Remember that losses are a part of profitable sports betting and that it’s important to stick to your strategy. If you do this, you’ll be more likely to make money in the long run. If you chase bets, you’ll almost always end up bankrupt. Never let emotions control your actions. If you have a tough loss (or losses) the best thing you can do is take a break – whether it be for a few days or for a few weeks. Come back when you have a clear mind and when you’re able to make rational decisions.
Lastly, choose your bets wisely: Although it can be tempting to bet on your favorite team, sometimes this isn’t the best idea. After all, you’re biased, and them being your favorite team has nothing to do with odds of them winning or covering. Do your research. Read previews. Compare picks. Bet on the games that you feel best about – sometimes this means going with your gut. If you don’t automatically get a “good feeling” about a bet when you see the line, stay away from it.
