A successful bettor must have a systematic approach to every aspect of sports betting. Although this betting advice list is intended for beginners, everyone should read it, because it gives you a great insight to betting. There are three types of bettors. The first bet for fun and excitement. For them the perfect kind of betting is spread betting on a favorite team or a hot game. The other type of bettors wager to make extra money. They prefer arbitrage betting because it will bring them profit without unnecessary risks. The last are professional bettors who make the smallest portion of the betting population. They are betting carefully, search and study good chances for spread or arbitrage betting.
Here are betting advice that will help you get started:
Money control – 1st betting advice
Probably the most important part of betting is efficient money control. If you are planning to bet, you should set aside a certain sum of money for betting and play only with it, no matter if you are winning or losing. You should never stake all your betting money on one bet. It takes time to become a big winner with 60-70% winning bets, unless you are arbitrage betting.
Getting the best odds – 2nd betting advice
Sign up for more than one sportsbook (bookmaker) to get the best possible odds. Some sportsbooks have better odds for the NBA, some for the NFL and the others for soccer betting. When you sign up you can also use free bets and other promotions offered by the online bookmakers. That can give you couple hundred dollars or pounds in free bet winnings.
Knowledge and research – 3rd betting advice
You have more chances of winning the bet if you bet on a sport or event you are familiar with. Also you should use statistics available on bookmaker’s sites and search the Internet to gather more information about the event. The combination of your knowledge and research gives you an advantage over the sportsbooks.
Betting at the right time – 4th betting advice
If you are betting on a favorite, you should place your bet early in the week before betting beginners, who usually bet on a favorite, reduce betting odds. It is a completely different story when you are betting on an underdog. When betting on an underdog, it is best to make a bet as late as possible to get higher odds.
If you think conventional sports betting carries too much risk and counts purely on luck, you should try sports arbitrage betting which will give you the opportunity to make extra money from betting without unnecessary risk.