Top 5 Incredible Sports Betting Tips to Improve Your Next Bets
You don’t have to be an ardent sports aficionado to place winning bets. Here’s a list of the top sports betting tips you can use today to get gain an edge.
Want to turn yourself into a successful sports bettor?
You need to be able to win about 52% of the bets you place to break even. And the very best sports bettors are able to up that to right around 56% to turn a profit on a regular basis.
Sports can be very unpredictable, though, which is why it’s not easy for those who bet on them to eclipse the 52% mark. But there are strategies you can put into place to increase your chances of hitting your sports bets more often than not.
Use these five sports betting tips to ensure you’re making the strongest bets possible every time you put down a wager on a sporting event.
1. Start by Creating a Sensible Sports Betting Bankroll
Before you put down a single sports bet, you should consider creating a sports betting bankroll for yourself. It’ll help you avoid spending more money than you should be betting on sports.
Set aside a specific amount of money that you’re going to devote to placing sports wagers. And once you’ve come up with a number, use your bankroll to decide how much money you’re going to put down on individual sports bets. Each of your bets should represent a relatively low percentage of your total bankroll.
If, for example, you decide that your sports betting bankroll is going to be $100, you don’t want to start placing $25 bets on sporting events. That’s a good way to blow through your bankroll in a hurry.
Instead, try to limit your sports bets to about $5 each. This will help you make the most of your money and allow you to slowly build your bankroll up over time.
It’s not always easy to stay disciplined while betting on sports. But it’ll be important for you to do it over the long run if you’re going to be a successful sports bettor.
2. Get Into the Habit of Monitoring Sports Betting Lines
If you’re going to bet on a sporting event, you shouldn’t decide to do it 15 minutes before the event is scheduled to start. You should keep a close eye on the betting lines for the event in the days and, in some cases, even the weeks leading up to it.
You can usually find betting lines for sporting events online well in advance of their scheduled start times. Take a look at what the lines for certain events are and then monitor them over time to see how they change.
In some cases, betting lines won’t fluctuate all that much in the days leading up to a sporting event. But in others, you’ll see a favorite turn into an underdog—or vice versa—as the circumstances surrounding a sporting event change.
Injuries, weather, and other factors can influence the betting lines for a sporting event. The money that so-called “sharp” bettors—the people who bet on sports for a living—put down on a game can also cause the betting lines for it to shift.
By getting into the habit of monitoring the betting lines for sporting events, you can start to see which ones offer the most value. It’ll put you at an advantage when placing bets.
3. Take the Time to Research Sports Bets Prior to Placing Them
When you decide that you like the betting lines for a sporting event and you’re going to bet on it, take the time to do as much research as you can on it prior to placing your bet. It’s another way to give yourself an advantage when betting on sports.
If you’re betting on, say, an NFL game, you should obviously check to see which players from each team might be sitting out due to injuries. You should also take a look at what the weather is going to be during the game.
But you should also take things a step further than that. You should dig deeper and see:
How the two teams have matched up in the past
Whether or not the players/coaches from the two teams have any kind of history that could impact the game
What might be at stake for each team if they win/lose
In a perfect world, you want to know everything about the two teams that are playing in the game before betting on it. You’ll feel so much more confident in your sports bets when you do the necessary research.
4. Steer Clear of Putting Down Too Much Money on Parlay Bets
In recent years, parlay bets have become very popular among casual sports bettors. There are stories popping up all the time about sports bettors winning hundreds of thousands of dollars on parlays.
Parlay bets call for you to combine two or more bets, and they can prove to be very lucrative if you’re able to hit them. But they’re also longshots and depend a lot on luck.
Placing the occasional parlay bet for a small sum of money isn’t the worst idea in the world. There is always a chance that Lady Luck smiles down on you and allows you to win a large amount of money.
But generally speaking, you should try not to get too swept up in the parlay craze. It’s not a good long-term sports betting strategy.
5. Avoid Chasing Losses When Sports Bets Aren’t Successful
No matter how long you spend monitoring betting lines and researching sporting events, you’re not going to hit all your sports bets. There are going to be times when you just can’t seem to hit a bet regardless of how much work you put into betting on sports.
When this happens, it’s important for you to avoid chasing losses at all costs. The last thing you want to do is start betting larger amounts of money than usual in an effort to get back to being even.
This is a recipe for disaster for most people. It often results in them blowing through their bankroll before long.
Rather than chasing losses, remain disciplined and continue to use the sports betting tips found here when placing bets. It shouldn’t be too long before you’re able to get yourself back on track again.
Go Put These Sports Betting Tips to the Test Today
At the end of the day, betting on sports is supposed to be fun. As long as you’re having a good time doing it, that’s all that matters.
But it’s nice to win money while betting on sports. It makes it even more fun than it would be otherwise.
Start winning more of your sports bets by using the sports betting tips that we just laid out. You can also sign up for our online sports betting platform that will give you and your friends a chance to pool your sports betting predictions to increase your chances of placing smart bets.
Sign up for our online platform today to see how it works and to experience how it can help you when it comes to sports betting.