Gambling Strategies Sports Betting

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Basic Strategy for Betting Moneylines US bettors typically see moneylines as a secondary alternative for betting on football and basketball, after the point spread. They are commonly used on hockey. Arbitrage betting is a very powerful strategy. When executed correctly, it can return GUARANTEED profits. That's not something that's easily achievable when betting on sports. This strategy is all about. The zig zag betting theory is a strategy that applies to betting on NHL and NBA playoff series. This is because those leagues use a 2-2-1-1-1 playoff format when it comes to home and away games.

There's a lot of information on the internet claiming to offer 'foolproof' methods to instant sports betting success. Unfortunately, there is no such thing. Becoming a successful sports bettor requires hard work, determination, knowledge, and experience.

Part of gaining these necessary skills is to learn which strategies to apply and when to implement them. In this article, we've compiled 10 quick betting tips and strategies that will move you towards being a stronger, more successful bettor over time.

Like anything worth doing, achieving a better sports betting winning percentage takes both time and perseverance. Sports betting is not tantamount to gambling, so we advocate betting with skill, measure, and precision. Don't leave everything up to luck!

1. Manage Your Bankroll and Create a Unit Size

It's integral that, as a sports bettor, you decide how much money you're going to dedicate towards betting on sports. Of course, this hinges on your individual financial situation. It's never wise to bet money that you can't afford to lose.

Now that you've established a pre-ordained bankroll, decide on unit size. We recommend that beginner bettors stake 1-5% of their bankroll on every bet they make.

This is undoubtedly thecrucial first step in becoming a more successful sport better. Every single 'sharp' scrutinizes both their bankroll and unit size regularly. For more information, we've written a whole guide on sports betting money management.

2. Understand Your Risk Tolerance and Goals as a Bettor

Different types of bettors like to make different bets. The sooner you decide which types of bets you prefer making, the sooner you can perfect your strategy and start winning.

Some people like to bet on significant underdogs or highly improbable events. They're attracted to the longest of long odds. These are the same bettors who are more inclined to create huge parlays and bet on games like the Browns beating the Patriots on Monday night.

Others have a preference for smaller profits, but more likely outcomes. Betting on heavy favorites and welcoming short odds may not pay out as big, but these bettors are likely to win more often.

Some bettors think strategically, with a long-term view of players or teams. These bettors spend a lot of their time and bankroll in the futures marketplace.

Sports Betting Strategies

You may bet once a week or stay active in sportsbook live betting, placing many bets every day (or even multiple bets on the same event).

Of course, none of these types of bets are mutually exclusive. Seasoned sharps are highly active in every single kind of wager, no matter whether it's got long or short odds attached to it.

Focusing on one particular kind of bet is a wise move if you're looking to improve quickly.

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3. Develop Realistic Expectations

A successful 'sharp' wins 54% of the time. A historically great 'sharp' wins at around a 60% clip. These are the best sports bettors in the entire world.

Wanting to achieve these numbers at the jump or even over an extended period of time is a tall order. We can't stress this point enough.

Even if you win your first 10 bets (which is not unheard of), the law of averages suggests that unfortunately, you'll come crashing back to the earth at some point. Knowing this and setting realistic expectations can help prevent you from doing anything rash.

Don't deviate from the strategy and methods that made you win 10 in a row in the first place.

4. Keep a Record of Your Bets and Review Them Periodically

This strategy might seem unsexy, but it's nevertheless incredibly important.

It isn't fun to revisit losses, but if you do, you might prevent yourself from making the same types of mistakes twice. Sometimes, you'll lose bets even if you've done everything right. Other times, you knew you were reaching, but made a bet anyway. Correcting misguided reasoning will benefit your bets in the long run.

An occasional retrospective on your successes and failures will doubtless provide a long-term boost to your bankroll.

5. Bet with Your Head, Not Your Heart

The majority of sports bettors began betting because they were sports fans. As such, they probably had allegiance to one or more teams. If this applies to you, we'd recommend from abstaining on betting on any event related to your favorite team (or teams).

Loyalty can cloud our judgment, and we recommend being rational and measured in your sports betting. Bias can affect us in both conscious and unconscious ways. For this reason, we recommend skipping lines that you have a personal interest or an emotional investment in.

6. Avoid 'Sunk Cost Fallacy'

For this tip, we're going to borrow a standard term from behavioral economics. The 'sunk cost fallacy' means that the more time or money one invests in something, that harder it becomes to abandon. This encompasses everything from business investment to a bad relationship.

Decisions are colored and tainted by accumulated emotional attachments related to the investment. People engaging in the 'sunk cost fallacy' will throw more money at a project or venture that's doomed, just because they've invested so much time in it already. They simply don't know when to cut their losses.

This applies to sports betting just as much as it pertains to investments. If you're having a bad day, cut your losses. And whatever you do, don't keep upping the size of your bankroll to cover a nasty losing streak.

7. Bet on One Sport

As Warren Buffet says, invest in what you know. The same applies to sports betting.

If you're new to sports betting, it's worth it to stick to the one sport you know the most about. You'll already be ahead in the methods you need to get an edge in over the bookmakers, just based on your pre-existing knowledge of how the game is played.

You'll already know how to evaluate players and teams, and where to gather information about the sport. This is integral to finding the smartest wagers.

8. Line Shop

Line-shopping is all about taking advantage of pricing discrepancies between the same event at different sportsbooks. Finding the best odds possible is guaranteed to have a significant positive effect on your sports betting ROI.

Line shopping is the closest thing to a foolproof, sure-thing strategy in sports betting. It's guaranteed to net you bigger profits and long-term success in sports betting. The sooner you start doing it, the better.

We've written a full guide on all things line shopping, and why it's essential.

9. Hedge Your Bets When It's Appropriate

At its core, hedging is a risk management technique that can be applied to sports betting. It's a way to either reduce your bankroll exposure or lock in a profit on bets.

Hedging is complicated and beyond the scope of this quick strategy guide, but every hedge you make will be done by betting on a result that's different than your original wager.

10. Do Your Research and Talk to Other Bettors

In the age of the internet, getting involved in the sports betting community has never been easier. Join sports betting forums, peruse sportsbook-related subreddits, and talk to anyone you know in real life who may be keen on sports betting.

Not only will you become more accustomed to sports betting lingo, but you can also exchange sports betting strategies with your friends.

Patience Is a Virtue

As we've mentioned, becoming a successful sports bettor takes time. As you develop more in-depth knowledge and comfort within the sports betting world, you'll start to see a more significant ROI.

Remember, never become a gambler. Everyone has rough days sports betting, but betting responsibly and sticking to a plan will help you remain successful. Discipline is integral to keeping your cool, having fun, and staying successful.

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Do a quick Google search, and you will be swamped by dozens of websites that will promise to equip you with sports betting strategies that will make you invincible. You've got statisticians, marketers, betting experts, strategy consultants, mathematicians, and a lot of others, each proclaiming to have hit upon the elusive success formula that can help you beat the odds and regularly rake in thousands in winnings, week after week. Are all these 'experts' worth following? Ask yourself, do you have the time and mind-space to do so? These strategies, tips, and tactics will help you maximize your winnings, stay safe and secure, and above all, enjoy your sports betting.

Keep An Edge in Whatever Sports Betting You Do

There's a reason why it's called sports betting, and not sports gambling. That's because you can have an edge in your adventures in sports betting, unlike gambling, where you are always operating at a disadvantage, or playing with very little edge. The thumb rule of making it big is - don't do what everybody else is doing. As a beginner, it's natural for you to align your interests with what the public opinion is. However, note that your dream of making sports betting a major contributor to your financial independence plan is contingent on you identifying your style, original way of thinking, and above all, not following the herd.

Manage Your Bankroll

Gambling Strategies Sports Betting Stocks

This is the oldest and yet the most useful tip you will ever encounter. To void betting with money you can't afford to lose, manage your bankroll like a pro. If you have a budget of $500 for betting through the NFL, make sure you keep each bet pegged at anything between 1 to 5% of the bankroll. This helps you avoid catastrophic situations of losing a lot, or ending up chasing losses only to end in debt.

Do Your Homework

Here's a school lesson, back to haunt (just kidding) you. Luck will help you win every now and then, but not always. Remember, most sports bettors don't do any kind of research before they place their bets. This means that every incremental effort you put in analysis and background research will put you ahead of hundreds (if not thousands) of fellow sports bettors. Here's the minimum that you can do, to begin with:-
Understand the strategic aspects of the sports you are following for sports betting

• Subscribe to at least 2 newsletters dedicated to a sport (ideally, these newsletters should be competitors)
• Invest time in learning the basics of statistics to be able to make informed decisions when confused
• Record your sports betting choices and their outcomes, to be able to make course corrections when need
• Bookmark a sports betting resource website like Bet-Bonuscode, which offers tremendous insight from the world of sports betting, including strategies and news.

Devise A Strategy, and Stick With It

Much like everything, sports betting is often overcomplicated. It's too tempting to explain all kinds of outcomes with all kinds of theories. You'd do well to distance yourself from non-value adding analysis and theorization. Selection bias, model over fitting, and over optimization (among others) are cardinal sins of sports betting that can hurt your chances. Instead, be confident of your strategy, and give it time to yield results. Of course, you'd need to keep monitoring outcomes and doing course corrections, without significantly altering your core strategy. Do not fixate on numbers. A simple strategy backed by intuitive logic is your strongest asset.

Don't Fall For Baits

Take it from us, you will never be too far from a sports betting website that will sell you a dummy. Then, if you also manage some part of your sports betting offline, you've got to be well aware of the pitfalls. Sadly, there is a lot going around in the cyber-sphere that can disrupt the activities of straight thinking sports betting enthusiasts. Websites try to lure bettors by floating unrealistic bonuses and special promotions, only to cut them a shady deal later on. The thumb rule to remember is – background research. Before you decide to join a sports betting network, before you decide to follow an expert's quick course in sports betting, do your homework, read reviews, look for demos.

Gambling Strategies Sports Betting Stocks

This is the oldest and yet the most useful tip you will ever encounter. To void betting with money you can't afford to lose, manage your bankroll like a pro. If you have a budget of $500 for betting through the NFL, make sure you keep each bet pegged at anything between 1 to 5% of the bankroll. This helps you avoid catastrophic situations of losing a lot, or ending up chasing losses only to end in debt.

Do Your Homework

Here's a school lesson, back to haunt (just kidding) you. Luck will help you win every now and then, but not always. Remember, most sports bettors don't do any kind of research before they place their bets. This means that every incremental effort you put in analysis and background research will put you ahead of hundreds (if not thousands) of fellow sports bettors. Here's the minimum that you can do, to begin with:-
Understand the strategic aspects of the sports you are following for sports betting

• Subscribe to at least 2 newsletters dedicated to a sport (ideally, these newsletters should be competitors)
• Invest time in learning the basics of statistics to be able to make informed decisions when confused
• Record your sports betting choices and their outcomes, to be able to make course corrections when need
• Bookmark a sports betting resource website like Bet-Bonuscode, which offers tremendous insight from the world of sports betting, including strategies and news.

Devise A Strategy, and Stick With It

Much like everything, sports betting is often overcomplicated. It's too tempting to explain all kinds of outcomes with all kinds of theories. You'd do well to distance yourself from non-value adding analysis and theorization. Selection bias, model over fitting, and over optimization (among others) are cardinal sins of sports betting that can hurt your chances. Instead, be confident of your strategy, and give it time to yield results. Of course, you'd need to keep monitoring outcomes and doing course corrections, without significantly altering your core strategy. Do not fixate on numbers. A simple strategy backed by intuitive logic is your strongest asset.

Don't Fall For Baits

Take it from us, you will never be too far from a sports betting website that will sell you a dummy. Then, if you also manage some part of your sports betting offline, you've got to be well aware of the pitfalls. Sadly, there is a lot going around in the cyber-sphere that can disrupt the activities of straight thinking sports betting enthusiasts. Websites try to lure bettors by floating unrealistic bonuses and special promotions, only to cut them a shady deal later on. The thumb rule to remember is – background research. Before you decide to join a sports betting network, before you decide to follow an expert's quick course in sports betting, do your homework, read reviews, look for demos.

Betting Strategies List

Final Thoughts

Sports betting is exciting, rewarding, and entertaining. Adopt all these basic tips and tactics, and you will not only enjoy sports betting more, but will also earn more from your adventures, and will stay safe and secure from scammers. Remember, sports betting is best managed on strong grounds of financial discipline, and must be backed by your willingness to invest time and thought in bettering your understanding of sports.

Online Gambling Sports Betting