Here are some general sports betting guidelines that should be applied to each sport in which you place bets. Whether you are betting on sports online or playing online casino slots, there is something for every gambler online. There are many different ways to make your money online and betting on sports or playing slots are two of the ways that some people look to make money. Check out the five suggestions below for increasing your return on investment while betting on sports.
Only Bet if You are Sober
Many sports gamblers place wagers while under the influence of alcohol, which may not surprise you. It goes without saying that the great majority of bettors who bet while inebriated lose money. If you want to be a successful sports gambler, you must only bet when you are sober and in the correct frame of mind.
This is a must and might be the deciding factor in whether or not you’re a successful online sports bettor. If you are not sober it will decrease your chances of finding the best line as you are more likely to just bet on the first thing that you see. If you are not sober then you will not be at your best in thinking through the bets that you are making. At times this is a detriment to your bankroll.
Bet on the Underdog More Than you Want
Because the ordinary gambler enjoys winning, the general public prefers to bet on the favorites. The fact that the wager wins is more important to the beginner bettor than the amount won. The public loves to wager on the favorites, thus underdogs rarely get the attention they deserve.
Online bookies are aware of this and adjust the odds to account for it. Betting on every underdog during the last few seasons would have cost you significantly less money than betting on every favorite. However, if you just bet on the underdogs, you will still lose money. Do your homework and hunt for underdog bets with a positive anticipated value as there will be many.
Do Your Research
This is another self-evident sports betting tip that should go without saying but a lot of people do not do it. You’ll be better able to recognize the value in a betting line if you have more knowledge about the two teams or players and their recent tendencies.
Going with your gut when betting on your favorite sport may seem like a good idea, but the homework you do research patterns and evaluating prior games can transfer into online sports betting success.
Only Place Bets on Games That you See Value in
You should only bet on lines that have a positive anticipated value in your opinion. To properly consider oneself a good sports forecaster, you don’t have to bet on every game. The most successful bettors select one or two games every day that they believe have favorable odds. It’s crucial to be patient and wait until you locate a line that consistently helps you increase your bankroll.
Do Not Bet on Parlays
Parlay bets are entertaining and may result in large rewards when they are successful, but they are not wise bets for the experienced online sports bettor. Parlay bets operate by multiplying your stake by the chances for the different possibilities you’ve chosen, which might range from two to many.
The issue with doubling the chances for each event is that you’re also multiplying the bookmaker’s juice for each betting line. In order for the bookie to gain money, each outcome usually has a 10% juice attached to it. When you multiply the odds together, the juice multiplies as well, giving the bookmaker a higher advantage and you, the bettor, a lesser expected value.
However, if you can locate three sharp bets where the value of each play surpasses the juice, a parlay bet may still be considered a profitable wager. A solid rule of thumb is to never wager a parlay unless you’d stake each leg separately. This forces you to only include bets in a parlay that you actually feel are value bets, rather than merely adding legs for the highest possible reward.
Parlay bets are a terrific method to attempt to get rich rapidly, but it’s better to put separate bets on each result you want in the long run.