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However, bets are like snowflakes. Each and every bet is a little bit different. With that, each and every bet calls for something different from the bettor. Another week, it might be flip flopped the opposite way. With a diverse portfolio of bets, the bettor is much more likely to receive true, quality outcomes rather than chancing everything to one bet. Finding bets with a great opportunity to win money is another thing that can be tough for new bettors.
There are a few things to keep in mind when looking for and considering a wager. Understand expected value and return on investment If a bettor truly wants to make money betting, he or she needs to understand how to calculate expected value and return on investment.
Check out other articles on BettingPros regarding expected value and return on investment for a full understanding of what these two things are. Online tools and calculators provide bettors with easy tools to use to help. A quick internet search, combined with the input of a few numbers, is all it takes.
Obviously, a bettor wants to have as high of numbers as possible for both of these figures. Look for value picks, not winners This one might sound a little funny. However, think about it this way. One bettor can win nine out of ten bets, with the same amount of money placed on each wager, and still lose money. Another better can win only one out of ten bets, with the same amount of money placed on each wager again, and win money. Sports betting is all about value.
Have a long memory Having a short memory is one of the absolute worst qualities a sports bettor can possibly have. The NFL consistently provides perfect examples; teams will crush it one week, only to get crushed the next week.
This happens on the regular. A long memory will help bettors to spot potential wagers where oddsmakers may have been a little too short sighted. Bet at the right time Early on, odds are fresh and unchanged by any public trends. Sportsbooks tend to want to keep things as even as possible for themselves, though, and heavy money towards one side or another will force oddsmakers to make adjustments. Obviously this can be a reason to bet early before the odds change, but it can be a reason to bet late, too.
If a bettor notices odds seemingly skewing too far in one direction throughout the time before a game, this can also be a perfect opportunity to pounce upon. Betting early or grabbing great opportunities late are two of the better times to bet. Sports betting is just like everything else in life. If a bettor works hard, he or she has a much higher chance of success. Sports betting research can include anything from checking out stats and watching games, to calculating return on investment.
To simplify it all, break the research down into two different types: sports knowledge and numbers knowledge. This can include watching games, researching statistics, monitoring team and player trends, and so on. For new sports bettors, it can be helpful to focus on one sport, as the time it takes to do this research for multiple sports can be overwhelming.
To be a successful sports bettor, have a great knowledge base of the sport. It will pay off. This refers to the practice of trying to recoup losses from a previous bet with more betting. Have a betting schedule or routine and stick to it. Bet sober. This refers to betting with a clear mind and focus. Many people will read this and think it is common sense but you would be surprised how many people break this rule.
Emotions can get the best of all of us, and bad decisions can be made from those emotions. Part 2 of Understand moneylines. The team associated with the minus number the Leafs is the favored team, while the team associated with the plus number the Canucks is the underdog. However, you can bet on the moneyline for almost every sport.
Learn about point spreads. Point spread betting is more popular in games where there's a larger gap between the final scores. Understand parlays. Parlay betting involves making multiple types of bets on the same game. For example, if you combined a moneyline bet and a point spread bet on the same game, this would be a parlay bet.
These bets often offer large payouts, but they require a great deal of accuracy. Part 3 of Shop for the best lines. This is where having accounts with multiple sportsbooks will come in handy, because some will offer better moneylines on the same games, meaning you have to risk less for the chance to win the same amount of money. The best time to line shop is about an hour before a game. Make bets based on the odds. Betting with your head instead of your heart is all about making smart bets based on odds rather than emotions.
For instance, if you're betting on a baseball game and think the Yankees are going to win, you might still be better off placing your bet on the Jays if the odds are right. Take advantage of matched betting. Matched betting involves taking advantage of the bonuses and incentives offered by books to place bets for and against the exact same event.
Matched betting is all about taking advantage of free bets and betting for both possible outcomes on the same game, so this type of betting is as near to risk-free as you can get in gambling. That's the spread -- the under dog is plus 7. If you pick the favored team and they win by more than 7, you win. If they win by exactly 7, you tie. If they win by less than 7, you lose.
Not Helpful 7 Helpful Matt S. Pick one sport to focus on. Then do some research and decide which bets are more likely to win. Not Helpful 4 Helpful Do your own research on why the odds or lines are being offered the way they are. Explore other bookmakers for comparison. Then place your bets with a bookmaker that has an established history of being honest.
Not Helpful 3 Helpful 7. I'm constantly betting 3 team parlays with low money because that's the best risk reward but winning with very little success. Should I stay away from parlays? Yes, stay away from parlays. You are betting in order to win an amount as opposed to winning in general.
Greedy bettors is how professionals and bookmakers profit. Not Helpful 4 Helpful 7. Not Helpful 1 Helpful Unanswered Questions. How can I get 5 odds for sports betting that are 99 percent accurate? Include your email address to get a message when this question is answered. Submit a Tip All tip submissions are carefully reviewed before being published. Related wikiHows. More References 1.
About This Article. Co-authored by:. Co-authors: Updated: January 23,