Sports betting has quickly grown to become one of the newest and hottest phenomena in the world. To get started, users simply need to find a reliable sportsbook, which is where gamblers can place wages on a wide array of sporting competitions, such as football, baseball, golf, hockey, horse racing, soccer and more. However, getting started can be slightly intimidating. You can use the following 10 tips will help you win big and stay home.
Manage Your Bankroll
When you first start off, it’s common and best for beginners to start off with a small manageable budget. In any case, if you choose to only bet on one game, you should never place all off your eggs in one basket. You should keep in mind that the risk of losing money is real, even though it’s in a virtual environment. When you use sound fiscal responsibility or good money management, you will stretch your hard earned dollars as far as they can go.
#GetSocial
According to the Pew Internet Project’s Social Networking Fact Sheet, 74% of adults are on social networking. You can bet your bottom dollar you will find the top athletes, sports media, and even sportsbooks on social networks. One of the best social networks for sports betting is Twitter, which provides instant information. You can even create your very own sports betting lists that features tweets by your top sports betters or other influential personalities.
Become a Bargain Shopper
When you are placing bets on an online sportsbook, it’s imperative to find the best bang for your buck or value. Before you place a bet on a team that is considered as favorites to win the competition, make sure you stare down the odds. Do these odds offer you any real value? Simply put, is the probability of the team winning better than the odds. If this is the case, you should find another match to place your bet on.
Consider the “Total” Picture
The majority of sports betting rookies do not have the experience necessary for predicting the totals. However, this process is relatively straightforward. First, you need to add up the total predicted score of the two teams playing. Make sure you factor in possible overtimes in your prediction. Over/Under works like this: if your total is lower than the actual total of the game, the Under wins. On the other hand, if your total is higher than the actual total, the Over wins.
Check Out Prop Bets
While standard bets are related to the overall outcome of the game, prop bets do not hinge on the final score or outcome of one game. Two really common prop bets are team props and player props. Prop betting becomes hugely popular during major games, such as the Super Bowl. During this time, you can catch various types of prop bets like on the duration of the National Anthem and even on the coin toss. Even though this type of sports betting isn’t as popular as totals or spread betting, props betting is growing in popularity for both advanced and beginning betters.
The Early Bird Gets Futures Betting
Even when it comes to sports betting, the early bird gets the worm, especially for futures. For instance, if you are planning on betting on the NBA Playoffs or the Super Bowl, it’s best to place your bets as soon as the odds go up. This rule of thumb is the same for any sport, whether it’s baseball futures, hockey futures, or any other future bet on a sportsbook.
Everyone Likes to Parlay
A combo, accumulator, or parlay bet is a single bet that incorporates or links two or more individual wagers. Parlay bets are dependent on every wager winning together. These types of bets have significantly higher payouts than placing individual bets. The higher payout is due to the higher level of difficulty in hitting the parlay. In any case, you don’t have to be a genius statistician to win your initial parlay bet. You can start off simple with a two-team parlay bet and eventually increase and work your way up. While parlay bets may appear to be an enigma, these bets have some of the highest possible payouts in sports betting.
Live, Up Close, and Personal
If you are like the majority of gamblers, you place your bet on your sportsbook and curl up in your snuggie in front of the flat screen to watch the game. While this may be acceptable to spectators, you have money on the game and live sports betting allows you to truly get in the game. Live betting on a sportsbook takes you to an entirely separate section, where you can place bets on games that are happening in real time. It allows you to view the upcoming games on the schedule to wager. This type of betting covers a large number of aspects, such as odds on the spread, over/under point total, and moneyline gambling based on real-time game activity. In addition, live sports betting also introduces some amazing props based on the game. Live sports betting is another opportunity to catch that elusive windfall.
Second Half Performance
In any sport, it’s always a tale of two halves. When you participate in sports betting on the second half, you stay interested in the game, even when the first half looks like crap. It’s a great practice to participate in second half sports betting. You may even find certain sportsbooks have betting based on individual quarters, which increases your chances to win.
Make Sure You Use Your Tools
Most sports betting sites offer several different tools to make betting easier. Make sure you take advantage of all of these tools because they will allow you to make the smartest possible bet. Some of the most common tools used by different sportsbooks are:
- Schedules
- Reports
- Weather Reports
- Standings
- Injuries
- Trends
- News
- Stats
- And More
Since Elliott C. is a FSU alum and loves his Noles, he never-ever places bets on his beloved Noles because it’s too much of an emotional wager.
