Sports Betting Tips and Tricks

While luck definitely plays a part when it comes to sports betting, there is also a lot of skill and strategy involved in becoming a winner over the long term. In this guide, we are going to break down two of the best ways to bet on sports to help you return a consistent profit.

Focus On One Team or Player

As simple an idea as this is, it can be very powerful. Think about it: it is much more valuable for you to be a real expert on a single team or player than to have an average amount of knowledge about many! The more you know, the better you will be able to spot good value when you check the latest odds.

Practise Proper Bankroll Management

This is a concept that will pay off in any aspect of your life when you’re choosing how to invest your money. To put it simply, it’s not just about the teams you bet on but how much you’re betting and how frequently you’re doing so as well. When you’re properly managing your bankroll, you’ll be protected from the inevitable cold streak that comes with any form of gambling.

The first step is creating a sports betting bankroll that’s totally separate from your regular, day-to-day budget and the total you need to put aside for your expenses each month. Create a spreadsheet indicating how much you can reasonably afford to bet each month, and then make sure you never exceed this limit. Break it down into different totals for daily, weekly, and monthly spending, and you’ll be able to keep your sports betting 100% stress free instead of a source of worry because you’ve overspent.

If you’ve got a betting bankroll worth more than £200, your average bet size should be roughly 2% of the total roll. If your betting bankroll is worth less than £200, you should never bet more than £5. It’s always better to make smaller bets more frequently than one big bet once every blue moon!

Quick Tips

Here is a breakdown of the easiest and quickest tips and tricks we could put together. Make sure you implement these when you start sports betting:

·        Avoid Parlays and Longshots

If you’ve got a bigger bankroll, it’s okay to make a few longshot bets here and there, but they’ll be a drain when you’re just starting out and/or you have a limited amount of money to bet with.

·        Diversify Your Action

Remember, it’s always better to spread your money out over more bets. This is the best way to reduce variance and overcome bad luck and losing streaks.

·        Learn the Basics of Reading Odds

Whether you’re enjoying Australian sports betting or wagering on a Premier League game at a land-based sportsbook, you can’t get away with not learning the basics of fractional, decimal, and American, or moneyline, odds. There are numerous resources available online that can get you up to speed regarding these three basic formats.