People bet on sports to make money. You may however at times go through rough patches and losses while betting on sports. But if you win more often than you lose, you can eventually profit from sports betting.
There are some basic sports betting strategies and tips you can follow to make money and profit from sports betting. They are not secrets, but by following them, you can win money betting on sports.
Whenever you bet on sports, set aside a sum of money called your ‘bankroll’ for the week, month or season, which you can afford to lose. Never bet money you can’t afford to lose on sports and bet with only 1-5% of your bankroll. Consequently, never chase your loses with bigger bets as it only puts you in the wrong mindset which leads to your losing more money. Read more about money management here.
Bet sober and not under the influence
Though this sounds like common sense, many people bet on sports under the influence. Betting under the influence only impairs your judgment and should be avoided if you want to win your bets.
You should also never let your emotions take over while placing bets as it only leads to a bad decision. So if you are angry or upset about something, it’s better to take a break and go for a walk so that your mind clears and you are ready to place more bets.
Research and homework
Always do your research before placing bets. Though going with your hunch may work at times, it will not help you win money in the long run. To profit through sports betting, you need to do your research, study and homework for all picks made. So check stats, find trends, create sports betting systems and analyze past games to ensure you have value in your pick before placing bets.
Shopping for the best lines is an important betting strategy to adopt. To do this, you need to have an account at various online sportsbooks. So when you are ready to make a bet on a certain team or outcome, just check the different sportsbooks to find out which book offers the best line for you. This helps you win yourself lots of money over a sports betting season which you otherwise may not have won.
Besides the above main betting strategies, there are a few other tips worth remembering while placing bets. Try following a sports handicapper with a proven sports betting system. While you will have to pay for picks, your betting on a significant amount of money results in your winning back the money you had paid, and much more.
Betting on home underdogs is another great strategy as teams are most inspired to perform well at home. Last, but not least, learn to place your bets at the right time. Lines tend to shift from the time posted and when the game starts.
So bet when you get the best price. Favorites are usually bet on heavily from square bettors and as the lines tend to go down closer to game time, betting favorites is the best way to get your pick in early. If you bet on an underdog, place your bet closer to the start time.
These betting strategies will help you perform better while betting and thus increase the chances of your winning.