Are you new to sports betting but not sure where to start? Have you been betting on sports for a while and feeling like you should be making more profit? Are you a sports betting veteran looking to sharpen your edge?
The volume of sports betting advice out there can be overwhelming. FindBettingSites have put together the following simple rules to help you bet with confidence. You can be sure that everyone who has had success at sports betting follows these rules.
3 Rules you must follow
– Before signing up with a site you have to learn about bankroll management. Your bankroll is any amount of money that you are happy to lose. You should not be wagering money that you need for things like bills or food. You should only wager 1-2% of your bankroll on any one bet. For example, if your budget is £100, the largest wager you should be making is £2. Proper bankroll management will stop you from going broke.
– Do not pick a bookmaker because it’s the one your friends use, or because you have always used them. Shop around for joining offers. Keep an eye on these– even the biggest sites sometimes offer 100% of your deposit as free bets, or better. Offers like these help to pad out your bankroll. You will also need many accounts to best use comparison sites (see below).
– If you ignore odds comparison sites, you are leaving money on the table. There isn’t much difference between the odds offered by different sites. It’s normally about 10%. You should still always check before placing any bet. This doesn’t seem like a lot of money from a single bet. But, if you make an extra 10% on every wager you win, you stand to make an enormous amount of extra profit in the long run. Also, you don’t lose 10% extra if you are wrong.
3 Rules you should never break
– Do not solely rely on your gut instinct to turn a profit. We all like to watch our team win, but placing a bet because you want an outcome is a quick way to burn cash. However, a team’s form is a good indicator of how they will likely perform in any upcoming game. Take the time to read up on how to accurately assess a teams form. That knowledge will pay huge dividends.
– Do not bet on sports you know nothing about. If you are bored at work, or the latest Netflix show isn’t holding your interest, don’t start betting for something to do. Don’t bet on division 3 water polo to try and spice up your day. This is like throwing darts while wearing a blindfold and even though the likes of 888sport might give you a free bet on signup to entice you, you will lose money doing this.
– Do not let your emotions take over. Don’t bet if you are under the influence or angry. When you are on a hot streak, it can feel as if no matter what you bet on you cannot lose, and so you keep making more wagers. This is the hot hand fallacy. First used to describe basketball fans betting that a player is going to make the next free throw because he made ten in a row. Even if your last ten bets have come in (well done!), that doesn’t mean you should start placing more and more bets.
To turn a consistent profit, you must focus on avoiding big mistakes as much as you focus on doing the right things.
With that in mind, you are all set to get out there and start sports betting!
