What differentiates a good sports bettor from a great one? It’s not just knowledge of stats and percentages. Familiarity with what type of odds are at play, what the favorite is in a given game or match, and how much a player’s skill level is actually worth to betting markets are all important aspects of becoming the best bettor you can be. However, there are certain other key skills that can give you an edge when it comes to placing your wagers. Whether it’s knowledge that certain players have a strong history against each other or experience in spotting pregame line moves, these talents will help make sure that your gambling portfolio always has room for new assets.
1. Know the Rules of the Game
This may seem like an elementary tip, but it’s important nonetheless. Some people don’t realize that tennis, for example, is played best of three or best of five sets (depending on the tournament), not best of one like most sports in America. A sports bettor who forgets this rule will lose more than a few bets over the course of a season on tennis predictions alone. You should also pay close attention to any other intricacies and limitations that apply to certain games as well, so you can make sure that your wagers are placed correctly by being mindful of these factors.
2. Think Long-Term
If you want to be a successful long-term sports bettor, you have to think in terms of the big picture. Rather than relying on gambling as a form of one-time entertainment or to help you deal with stress, look at it as a hobby that should be enjoyed for years and even decades to come. Different people are drawn to different gambling strategies, whether it’s betting on favorites or underdogs, straight wagers or futures bets, or any number of other methods of getting action on your favorite players and teams. Some strategies may appeal more strongly to you than others and thus be more helpful when it comes time for placing your bets.
By looking at the bigger picture, you can make sure that you’re not just gambling on a team–or player–because you like its color scheme, logo, or name. Instead, you should be betting on players and teams you believe will have long-term success.
3. Know What Happens in the Game
Knowing as much as possible about the current sport and game allows you to determine how to make your wagers without having to watch every single game played that day. You can usually find plenty of news related to the sports event in question online or through other sources at any given time, but simply knowing what’s going on with the game at any given time is another key skill that can help to get the edge over other bettors. This is why in-play betting (live betting) is such a hot topic with bettors these days. By simply knowing the game and what’s happening on the field, you can place your bets more accurately and to better profit than that of a bettor who is just betting on the result of the game and not paying attention to what’s happening.
4. Understand Probabilities
As we mentioned earlier, even though winning sports bets is important, it’s also important to understand probabilities. Knowing how much money each team or player is likely to win in a given event may seem like a daunting task, but you can get a solid overview of different teams with some simple research. Look at sites that share free jackpots predictions and try to compare their analysis with your knowledge of the sport. Bookies have an edge. They use probabilities to balance their books and believe that certain teams – like favorites in sports betting – have a better chance of winning as the game progresses.
5. Bet Strictly on the Match, Not on Team Records
Even though people often mistakenly believe that the reason for betting on favorites is because they’re better than their competition, it’s not necessarily so. Favorites are usually chosen because they’re expected to win and are given high odds in betting markets. But this does not mean that all teams are even capable of winning each game. Some teams, such as those with new coaches or players who aren’t getting along with their teammates, can suffer an early blowout loss and disappear completely from contention at any point in time. It’s also important to remember that long streaks of wins or losses are not always indicative of a team’s strength. There have been plenty of teams that have gone on long winning streaks only to win immediately after, and the same holds true for winning streaks.
6. Be responsible
Responsible Gambling is a slogan that is often heard across online and land-based casinos, but the same idea can easily be applied to sports betting. When it comes time to place your bets, you may find that there are times when it’s better to take a break and get away from the action. This is especially important when you’re involved in gambling more frequently than you normally would be due to having made a bet that appeals to your emotions rather than your intellect. Knowing your limits allows you to avoid placing wagers that aren’t likely to be successful and makes it easier for you to keep track of how much money you’re spending on gambling overall.
One technique that goes in line with responsible gambling is setting a limit for yourself. If you’re a beginner who is just learning about sports betting, setting a limit on the amount you can spend to get started is often a good idea. This allows you to test the waters and get a feel for how much money-and time-you’re investing into the hobby before you begin to wager more heavily.
8. Don’t Chase Losses
The tendency to chase losses is a common trait across many gamblers, but it’s a dangerous one. Many people feel that they must keep wagering in order to be successful, and this often leads them to bet more recklessly in hopes of bringing back their lost money. This is a recipe for disaster, as it’s not uncommon for a person who has lost money betting strictly on results to give up on the sport entirely and turn all of their attention toward anything else they can think of that they think will make them more money over time.