If lately, you have not been satisfied with the earnings from your bets on sports matches, then you have come to the right place. Making money from sports betting can be challenging, but then how are the successful bettors earning riches? Do not worry because you can also take their position someday if you manage to implement excellent betting strategies.
Here are some of the basic betting strategies you must keep in mind if you are a newbie in online sports betting:
Money management is the key
To enjoy long-term profits, you should always set aside the money you cannot afford to lose, also known as a bankroll. It refers to the amount of money from which you could only spend a little on your bets and not the entire amount, no matter how tempted you might be. For proper money management, you should only take 1-5% of your bankroll money for placing bets on each match of the session. For instance, if your bankroll money is around $4000, you can invest up to $40-$200 for each match of the session. Most bettors end up spending more money from their bankroll after a couple of losses, as they think that to win the next they would have to increase the size of their bet. Your aim should be to increase the size of your bankroll by the end of every game session.
Bet only when you are sober
Often bettors make the mistake of placing large bets under the influence of alcohol and then they regret their move after becoming sober. Although if you are beyond the permissible age of drinking, you are free to drink whenever you wish to, you should keep tipsy drinks away whenever you are placing a bet if you want to become a winning bettor. As alcohol got a bit of a reputation for impairing our judgment, you should not let it impact you when the game is on.
You might place wrong sized bets if you are not thinking straight or you are angry or upset at someone. There is a term called ‘tilting’, which refers to bettors making bad decisions under the influence of raw emotions. If you have lost a bet or two recently and thus feeling angry or upset, you should not place any bets until you start calming down! Go for a walk or talk to your family and friends and, once your mood improves start making your betting picks.
Conduct research before betting
One thing which you just cannot forget is that there are thousands like you rooting for the same match and playing for the winner’s position. To beat them all, you would have to look at the statistics, check the track record of the team, and analyze your previous performance before deciding your bet size. Although you can skip this when you are putting wagers on the matches of your favorite team, you need to do your homework before betting on any other sport matches of other teams. Only betting whenever your favorite team is playing would not guarantee you significant earnings and thus you will have to be versatile and choose your picks for your least-favorite teams as well, if necessary.
Visit multiple sportsbooks for line shopping
Although the term line shopping is only associated with online sports betting, for ease of understanding you can compare it to online shopping. Whenever we wish to buy an electronic gadget we always browse multiple sites to find out the store which is offering us the best return. After we have made our price comparison, we place an order at the site where the prices are lowest. Line shopping also works in the same principle, except in this you will have to choose the line which can be a spread and then browse across multiple sportsbooks like the marathonbet mobile app. You will have to choose the bookmaker app or the website which offers you the best return in terms of the best odds. Thus to get the best payout for the money you are investing in, always make it a point to visit several sportsbooks and don’t make any hasty decisions.
Use software to create strategies
If you feel that your strategies are not good enough to ensure your win in the next season, then why not make the most of the available analytics software? For those of you who think that researching is not their cup of tea or you need more information that is not revealed to the public, go ahead and use the advanced tools. You will just have to type some basic details of the team and then you would start getting the hang of things once the relevant data gets displayed on your screen. For instance, you can find whether the team is an underdog or the absolute, their opponent’s rank, etc.
Make your picks
You would find experts suggesting you always go for the chalk during online sports betting. Chalk is nothing but the teams who are predicted to perform the best, claimed by the experts. But guess what, the experts’ opinions are not always right and thus you should never let go of your intuition while choosing the team. Often analysts fail to identify the hidden potential of a team which ends up winning the match. If you place your bet on this team, it will be called a sleeping pick to imply that the experts were sleeping and thus failed to appraise the pick.
Picking sleepers can hugely work in your favor as mostly these teams are underdogs and, thus, not many bettors place their money on them. However, these moves are considered to be risky, so make sure to do your research before taking the ultimate decision. To know more about such tips from the author of this article, Evelyn Balyton, click here.
Another best tip would be to place your bets at the right time and not delay further. Whenever you see that the prices are rising, place your wager instead of waiting for it to get higher, because the opposite can happen as well. To know the right time, you will have to make a prediction of line shifting, which you will learn with time and experience.