Sports betting is a form of gambling, and that means it’s ridden with risks and uncertainties. But when done wisely, it’s an exciting adventure that could also earn you extra cash. For sports fans, in particular, betting can make the game more thrilling. But how do you bet successfully?
Become an Expert in your Sport
It takes more than knowing which team has won more games in the past five fixtures to make a correct betting prediction. You need to understand the sport and its rules. You should also have in-depth knowledge about the league and whether teams play offensive or defensive football.
Due to that, many betting experts advise beginner sports bettors to wager on sports they genuinely love. If you love football, concentrate on the beautiful game. If you prefer tennis, learn more about ATP and WTA tournaments.
When you become an expert in a specific sport and league, it becomes easy to identify great games for betting.
Learn how to find High-Value Wagers
If you can identify a high-value bet without doing plenty of research, you have the potential to make lots of money in betting. Being able to differentiate high value wagers from the low value ones is a valuable skill that can save you losses and help maximize your profits.
So, what exactly is a high-value wager? With many games, there's always one wager in which the odds look too good to be true. Maybe the bookies don't believe a match between Norwich City and Man City can end with both teams scoring. It could also be that a team like Ajax is underrated when facing Chelsea despite the Dutch team having upset better sides in the past.
At times, these hidden wagers are challenging to identify. But once you find and bet on them, you stand to make a lot more money than betting on the straightforward markets.
Use available data wisely
Unlike many gambling games, sports betting is widely considered to be a science. That’s because of the vast amount of data that could help improve your betting decision. Surprisingly, many punters ignore the swath of information available to them only to bet based on emotions, hunches, and impulses.
By comparison, professional punters analyze head-to-head statistics, injury reports, past meetings, and other details before placing bets. They could spend hours analyzing a single game. But when they are done, they can correctly identify the best value odds and make a correct prediction.
With major sports like football, basketball, baseball, and rugby, there are often exhaustive data to evaluate. You can't merely lack data to help you analyze a game as long as it's a significant match in one of the popular leagues.
Take Advantage of Free Bets and Bonuses
Because the idea is to maximize your profits, you shouldn’t ignore bookies’ free bets. Instead, use them to supplement your bankroll or to try new strategies. You’ll find bonus opportunities when finding new betting websites, as a loyal player or during major sports events.
The best casino bonus offers, however, are determined based on their terms and conditions. You could earn £500 for creating an account on a bookie site. But if you can't withdraw the money you win from the reward, it's not worth your time.
As such, don’t accept every casino bonus thrown your way. Examine each offer and pick those with the most favorable terms. At the end of it all, you want a free bet you could use on a variety of games and withdraw all your wins.
Be a Strategic Punter
You could bet daily and hope to make profits at the end of the month. But as legendary American football player and coach once said, “Hope is not a strategy.” You need a plan of how to choose games, odds, and betting amounts. You need a method to help you identify the best statistics.
A good strategy also helps you become disciplined because you're no longer swayed by emotions when making predictions. The best part about it is that your approach can be unique to you. So, you don't have to copy the many betting strategies available online.
But how do you create a good betting strategy? You must have goals and expectations from your betting career. Even if you wager as a hobby, it’s essential to have goals. That way, you can create a strategy to achieve those goals more effectively.
Shop around for Odds
Bookmakers and online casinos love loyal players. But as a punter, your loyalty should be whichever bookie gives you the best odds. You bet to make money and the better the odds, the more money you can make.
As such, shop around for better odds every time you decide to bet. You might think odds 1.65 for Sergio Aguero to score against Newcastle look great, but another bookie could have odds 1.80 on the same wager. On a £100 bet, you would make £15 extra by betting on the second betting website.
Again, some bookmakers have better offers, even when dealing with one type of wagers. For instance, Betfred doubles your wins if your 'Any time goal scorer' player nets twice. With Ladbrokes, you earn twice if your picked player scores within 25 minutes of the game starting.
Keep your Bets to a Minimum
Accumulator bets are great, but you must predict four or more teams correctly to earn money from them. By contrast, you could bet on one side and still make more money than wagering on specific ACCA bets.
So, if you want a strategy that will help minimize your losses, bet on a few teams only. Take your time to find one or two extremely high odds in a day and bet on them. You could lose your money. But if you did your research well and get lucky, you will win a decent amount of money without risking too much.
Sports betting is considered a science for a reason. It requires research and plenty of analysis before concluding. And because you bet to make profits consistently, you need to be a strategic player.