Making money through betting on sports can be tough, but there are a lot of sports bettors who consistently win, and there are even a lot of professional bettors who make a good living off sports betting. Here are sports betting strategy and tips to help you become one of the winning bettors.
Bet with money you can afford to lose: When you are betting on sports, you should always set aside a certain amount of money, which is referred to as your “bankroll.” Like with any type of gambling, you never want to bet on sports with money you cannot afford to lose.
Set aside a certain amount of money that you can use for your bankroll for the week, the month, or the season.
A general sports betting strategy for money management is to only make bets with one to five per cent of your bankroll. Work with the size of your bankroll, and look to slowly increase it over the length of the season.
Bet sober: Although betting while sober seems like common sense, you’d be surprised how many people bet on sports under the influence.
Is it a coincidence that the Las Vegas casinos offer free alcoholic drinks while you are gambling? I don’t think so.
I don’t want to sound like your mother here, but betting while under the influence will impair your judgement and should definitely be avoided if you want to become a winning sports bettor.
Don’t bet with emotions: Don’t let your emotions take over as it will often lead to bad decisions. If you are angry or upset at something, you shouldn’t be placing any bets.
Take a break, go for a walk, and get your mind clear before you start making anymore sports betting picks.
Do your homework: You will always want to do your research before placing your bets. Don’t just bet.