Americans have gone crazy over legalized sports betting in recent years, and can you blame them? It feels like there’s another news story about a sports bettor striking it rich almost every single day.
If you haven’t thrown your hat into the ring yet, you might be thinking about placing your first sports wager sometime soon. But before you do, you should take the time to learn how to win at sports betting.
There obviously aren’t any surefire ways to guarantee that you win every sports bet that you make. But you can increase your chances of winning more bets than you lose by taking the right approach to sports gambling.
Find out how to win at sports betting below.
Look for the Right Place to Put in Sports Bets
Thanks to the popularity of sports betting, there is no shortage of online sportsbooks for you to bet with these days. There are new ones popping up all over the place.
When you’re trying to figure out how to win at sports betting, one of the first things you should do is make sure you’re putting in bets at the right sportsbook. Your sportsbook should have many years of experience when it comes to taking sports bets.
They should also offer:
- Generous bonuses to new customers
- A variety of different sports to bet on
- The ability to place different types of bets (parlays, teasers, etc.) on sporting events
It’s good to test out a few sportsbooks to see what they’re all about before settling on the one you like best. You’re going to have a better chance of winning when you find a sportsbook that gives you great odds and allows you to bet on almost anything you want.
Stick to Betting on the Sports You Know Best
While it’s a great idea to sign up for an account with an online sportsbook that offers lots of betting options, you shouldn’t start betting on sports you’ve never even seen before.
If, for example, you’re a huge soccer fan, you should stay away from betting on, say, golf. You’ll be much better off placing bets on things like Premier League soccer and doing World Cup betting.
But if, on the other hand, you don’t know the first thing about soccer, you shouldn’t bet on Premier League matches simply because they’re the only thing on early Saturday mornings. Wait until later when you can bet on MLB or another sport you know well.
Research Sporting Events Before Betting on Them
No matter how much you know about a particular sport, you shouldn’t assume you’re going to be great at betting on it simply because you’re a fan of it. You’ll need to do lots of research prior to placing bets on games.
Let’s say you’re going to place a bet on a Miami Dolphins/New England Patriots game on a Sunday afternoon. You should know:
- How the Dolphins have fared against the Patriots during their recent matchups
- What injuries could affect both the Dolphins and the Patriots
- If the weather is going to have any impact on the outcome of the game
By educating yourself about a matchup between two teams, you can put yourself in a position to win more bets. A little research will go a long way when you’re trying to learn how to win at sports betting.
Create a Sports Betting Bankroll and Stick to It
How much money are you going to devote to sports betting? That’s a question you should ask yourself prior to placing your first bet.
It doesn’t matter if you’re going to gamble with $10, $100, or $1 million. What’s important is that you have a number in mind heading into your first bet.
Your bankroll will determine how much you can afford to lose on sports betting before you stop. But more importantly, it’ll help you figure out how much to bet on games.
Most experienced sports bettors will only bet a small percentage of their bankroll on games. If they have a $100 bankroll, they might only do $3 to $5 bets at first until they’re able to build their bankroll up a bit. This prevents them from losing too much money at one time.
Avoid Chasing Your Sports Betting Losses
There are going to be times when you lose while betting on sports. Even the most prolific sports gamblers in the world are lucky to hit more than 52 percent of their bets on an average day.
When you feel like you just can’t buy a win, you’re going to be tempted to up the ante and place large bets in an effort to recoup your losses. This is pretty much the worst thing you can do when betting on sports.
You might get lucky and hit a big bet or two to bring your bankroll back up to an acceptable level. But if you get into the habit of chasing your losses all the time, you’re going to pay for it at some point.
If you feel like you’re on the verge of placing a wager simply to offset recent losses, close your online sportsbook and go outside for a walk to let the moment pass. You can get back to betting—and betting responsibly—once you return in a more levelheaded state of mind.
Learn How to Win at Sports Betting and Bring in More Money
There is some luck involved in all forms of gambling, including sports betting. But there are also lots of ways that sports bettors can give themselves a leg up on a sportsbook when placing bets.
Use the tips found here to teach yourself how to win at sports betting. By staying disciplined when you’re betting on sports and putting in the time it takes to make smart bets, you can become a profitable sports bettor in no time.
Are you interested in betting on something other than sports? Check out our blog for tips that will help you win while playing casino games.