Advices For Winning At Sports Betting
Sports betting is a hard business. Everybody who tells you to become rich over night when betting is a scammer. 98% of all bettors lose in the long run but why?
Because they make many mistakes. We want you not to make these mistakes so we show you six aspects for developing a working betting strategy and protecting your bankroll.
1. Develop your own system. The best way to win money at sports betting is to develop a system and follow it closely. If you can optimize your system you have a chance to beat the house. Study your teams strengths and weaknesses and know their home and away records. Pay attention to changes in the quality of a team from one season to the next and evaluate the change of players and coaching staffs from one season to the next.
2. Study a team objectively. Bet wisely by keeping your selections limited. You don’t have to find bets every day. Also try to limit the influence of bias in your betting. If you are a fan of a team try to limit the effect of that favoritism when betting. Evaluate a team’s chances objectively and not based on emotions.
3. Bet against the odds. Certain teams always have a strong public following. High value bets can often be found by betting against these teams because the odds makers adjust the line to reflect the expected amount of public money so the underdog is often listed with better odds or a larger point spread than they really deserve.
4. Never ever chase your losses. That’s very important. When you do run into the inevitable losing streak, don’t panic and make the common mistake of betting larger amounts in an attempt to recoup your losses. Instead, examine your handicapping methods and reduce your betting amounts until you start winning again. Chasing your losses is the single biggest mistake a gambler can make. Once you start winning again, increase your bets slightly.
5. Bet systematically and keep accurate records (As a subscriber to our newsletter you will receive an excel spreadsheet for your records totally free of charge). Betting regularly through a systematically and analytical manner, you can improve your judgmental ability. Keeping accurate records of your wagering activity will increase your winning percentage. Maintaining records of statistics will help you to avoid destructive wagering patterns and, at the same time will enable you to spot trends that may give you an edge.
6. Practice good money management. If you are going to bet on sports, it is important to set aside a certain portion of your money for betting. This must be money which you can afford to lose. And never bet more than 2% of your bankroll for each bet.
If you stick to this rules and if you are patient you can win money in the long run. But don’t expect to become rich over night. Many bettors fail because they think betting is a get rich quick scheme.
Daniel Huppertz
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