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There are some simple tips to making and keeping money when betting!
That is... keeping a disciplined strategy and being able to maximise returns
made from betting. These tips are not rocket science, nor advanced
accounting, just simple A,B,C rules that work.
Why Sports Betting?
The difference between gambling online at an online casino
and sports betting, is that basically, punters will stand a better chance of
consistent winnings when betting on sports. Casino odds are always stacked
in their favour, so in the long run, the punter will always lose playing casino
games; the exceptions being Online Poker, as the game requires an element of
skill, and Blackjack, a card counting system can increase the odds.
Sports betting on the other hand is a skill that is acquired
with research and involves 2 opposing bets with the bookie or sports book
playing the role of the odds maker. The sportsbook will make its' money from the
bookmaker fees or commission, and will adjust the odds and betting lines, in an attempt to
ensure that they have roughly equal numbers of punters on both sides of
any line. The individual punter is basically testing his view on an events
outcome against that of the sport book. By doing his homework and research before
placing a bet, the punter can increase his chances of winning -
especially over the long run.
How Much Should A PunterBet
Sports Betting for Entertainment
Money management is the most important element of any sort of
gambling including sports betting. Punters must know from the beginning
what they want to achieve from their sports betting and how much they are
prepared to lose. For many punters, this form of gambling is for
entertainment purposes only, and they will have a small bankroll or budget set
aside for betting on their favorite sports. They will place bets every
week to add to the excitement whilst watching the games.
For this sort of sports betting, a simple budget can be set
aside, but it must be stuck to for the season and betting must be approached in
a disciplined manner. The budget can be divided into the number of weeks of play
for the season, which will make up the weekly betting budget that must not be
exceeded, no matter what. Winnings can be added to this budget, which in
turn will increase the risk or volatility.
A conservative strategy is always best when playing for
entertainment; don't re-adjust bets; place small bets over the whole season.
Betting Pitfalls
Chasing your Losses
: NEVER increase bets or bet on more games to try and make up
for losses. Chasing losses increases risk, and you will lose again. There
are always losing streaks and there are winning streaks. However by
staying disciplined with a conservative strategy, losses can be minimised.
If you
are in a losing streak, re-look your strategy, with respect to your research and handicapping.
If you would still have made the same bets with hindsight, then stick to your
original strategy. If you would change your bets as you now see gaps with
hindsight, look into your research and spend more time on homework. The learning
is an on-going process and will only benefit you in the long run.
Winning Exuberance
: If on a winning streak, don't increase the bet sizes or
frequency and maintain that you now can't lose. You will. STAY DISCIPLINED and
keep to the original strategy, even though the temptation to double up or
increase when you have a good week is great.
How to Win
1. One of the best-kept secrets to winning
at sports betting... is best kept a secret. Do not tell anyone else.
Look for irregularities or inconsistencies in the system when doing your
research, for things that have not been properly factored into the odds or the
betting lines by the bookies. This is tough going, as most of this
research is gut feel and impressions of last years' play or
performances.
A punter must keep in touch with the news and what's going on
around him and the team - who is playing, team statistics, injuries, player
statistics and reviews, team and player harmony, coach or player changes, is the
game in or outdoors, is the weather going to be good or bad for play on the day
if outdoors? All this research is best done by the punter himself, so that
he can get a feel for his bet.
Public opinion also plays an important role in his bet. If
most of Joe public is betting on Team A to win because it is a popular team,
then the sports book or bookie may handicap it or give the underdog (team B)
better odds than it deserves, in order to even out the betting. Adjusting
the odds is done to allow for roughly equal number
of bettors on both sides of the games' results. The key to winning is research
and self-education!
2. Another secret? Professional handicappers
will seldom have a long term winning percentage higher than 58 %. It is
thus not particularly clever to follow a handicapper. As a punter, the aim
is to follow a strategy of consistent money management and win more than half your
bets.
Beware therefore, of those services selling their sports
picks by claiming that their handicappers have a winning percentage greater than
70%. And be careful when selecting a tipping service, as they make their money selling advice to sports
punters. If they really were that brilliant, why then are they not keeping the
information to themselves, betting all the time and making their own
money? Buy advice
cautiously. Do not just buy picks, but also buy the backup information. Typical
Bet Types
Typical
Betting Rules
Football
Betting Rules
Baseball
Betting Rules
Basketball
Betting Rules
Betting
Glossary
Horse
Racing Help
Horse
Racing Glossary
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