Sports Betting Tips & Advice

With regard to sports betting, every beginning bettor searches high and low for tips, advice, and strategies that will help him or her walk away a winner every time they bet. While there exist countless betting strategies for every type of wager, most of them are not worth your time.

Instead of trying to find a way to win 100% of your bets, you should instead be searching for a way to mitigate the losses you incur. After all, you are going to lose bets, that much is a fact of life, but by minimizing the number of bets which you lose, you are setting yourself up to stay on the positive side of things when it comes to betting on sports. In the following few sections, I will offer some betting tips and advice that will hopefully help you build your bankroll as opposed to destroying it.

Pace Yourself

The biggest piece of advice I can offer any up-and-coming bettor is that of pacing oneself. All too often, a bettor who just made their first deposit will want to double up their money on the first bet. Instead of sitting back and making smart, well-informed wagering decisions, this person picks the first game that they find and bets the house on it. While this may seem like a silly practice, you would be surprised at just how many people bet on sports in this exact same fashion.

When you first sign up and deposit at a given online sportsbook, start out slow and build a bankroll. Even if you are only winning small bets, you are doing a better job than the person who recklessly wagers on very sporting event. Sure, that person may be able to double his or her money up a few times, but so long as they continue pursuing a reckless betting style, things will catch up with them eventually. By preserving your bankroll, you are doing your part to ensure your deposits stretch over long periods of time as opposed to a game or two.

Parlay, Teaser, Pleaser Every So Often-Not All the Time

Another mistake made by beginning gamblers is that of turning every wager into a parlay or one of the parlay variants. The allure of winning a lot of money without having to wager much at all is what draws people into parlays in the first place, but it is also the same thing that keeps them there.

People relentlessly participate in low-stakes parlays in hopes of having 10 outcomes come to fruition and earn them thousands of dollars. The reality of the matter is that parlays, teasers, and pleasers are all set up as to convince you that you have a better chance of winning than you actually do. By placing only parlays and only teasers, you may be missing out on winnings that you could have derived from single bets.

Parlays are a great way to capitalize on sporting events every so often, but by only doing parlays you are walking down a dangerous path.

Avoid Rage-Betting

Rage-betting is a term I use to describe a bet made out of anger created by a string of losing bets. When betting on a number of sports in the same day, you will inevitably come across a day where everything seems to be going wrong for you. After 3, 4, 5, or even 6 consecutive losses, most bettors are tempted to try and make up for things by placing a huge wager on just one single game. In theory, this is a great way to make up for losses, but in reality, it tends to compound your losses more often than it makes up for them.

The best piece of advice I can offer you is to avoid rage-betting at all costs. While having to walk away from the sportsbook after a string of losses is extremely difficult, it is often much better to live to fight another day than it is to lay it all out on the line at once. Like I have been saying all along, losses will happen, but it is your job to avoid letting those losses dictate your subsequent betting decisions. Instead, isolate every bet you make, do not let bets prior to today influence the wagers you make going forward. This may seem like a simple task to accomplish, but once you have lost a number of consecutive bets, conventional wisdom tends to fly right on out the window.

Bet For Value

The last and best piece of advice I can offer with regard to betting on sports is to bet for value. What I mean by this is do not be someone who always picks favorites simply because the odds makers favored them. Instead, betting for value means finding a slight underdog who has a good shot of winning, or finding a low over/under in a game where a lot of points are liable to be scored. By betting on slight underdogs from time to time, you will find that the payouts often make your time well worth it. What’s more, seeing as underdogs payout better than favorites, you are able to bet less and win more on an underdog than you would be able to on a favorite more often than not.

The biggest mistake people make is employing a betting strategy that sees them take only favorites. While this may pay off more often than not, your payouts will be smaller, especially if you are consistently betting on heavy favorites. This strategy may seem fine and good as far as building a bankroll goes, but everything goes down the tube the one time a favorite is upset…something that happens a lot.

By doing your due dilligence and occasionally picking a slight underdog that your research has told you has a good shot of winning, you will maximize your payouts at every turn.

At the end of the day, these bits of advice will not do anything in the way of increasing your nominal chances of winning sports bets, but they will help you build good habits that, over time, can help you walk away on the positive side of things.