Most punters are only interested in sports betting for the fun. They bet to make the sports they're watching more interesting and hope to make a bit of extra money for the weekend but if you are serious about your sports betting, here is some basic but necessary sports betting advice to give you as much of an edge as possible:
Do's and dont's for a successful Sports Bettor
Sports Betting Advice - Tip 1: Do Open an online account with multiple sportsbooks. There's a massive variety in the range of fixed odds from different odds compilers and for example, you don't want to be stuck taking odds of 3/1 when it's on offer @ 5's elsewhere.
Sports Betting Advice - Tip 2: Don't neglect the use of a good odds comparison service - Oddschecker, This will avoid the above example happening.
Sports Betting Advice - Tip 3: Do get in as early as you can on a good price. When the compilers make an obvious mistake in a sports betting price, the more astute bettors out there will pick up on it immediately and get all over it, thus the bookmaker reducing the odds.
Sports Betting Advice - Tip 4: Do keep spreadsheets of all your sports bets and categorise them into markets. This makes it easy to spot what markets you excel in and where improvement (or tinkering) is needed. It also confirms whether or not you have an edge in a specific betting market at all.
Sports Betting Advice - Tip 5: Do learn how to manage your bankroll correctly. Bankroll management is key to successful betting just as much in sports betting as it is in poker.
Sports Betting Advice - Tip 6: DON'T CHASE your losses - Never chase your losses in sports betting or any type of betting. IE: If you have a bad week, don't double or treble up your stakes to try and recoup the money you lost. This is the worst thing you can do in betting. Bad weeks/months happen, they are part and parcel; the only thing that matters is that you were accurate in your probabilities. Same applies to a good week/month - Don't overly increase your stakes (out of proportion to your bankroll) or you'll give that profit right back to the bookmakers.
Sports Betting Advice - Tip 7: Don't stake more than you can afford on your betting selections. Your unit stake should be in proportion to your bankroll to give you sufficient room to play with the of probability Over staking will bust you.
Sports Betting Advice - Tip 8: Don't EVER bet on a 'hunch'. Betting on the grounds of 'he is due one' is a big no-no in the betting game. Probability doesn't work like that. The reality is that for example, a certain player hasn't scored in 5 games, his confidence will be low and he will most likely fire blanks again. ALWAYS go with form and confidence.
Sports Betting Advice - Tip 9: Do follow these guidelines and advice if you want to be a more successful sports bettor.
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Hi Nic,
ReplyDeleteFirst of all great site plenty of useful information so thanks for that. anyway with regards to the bankroll system do you suggest building up a bankroll before placing any bets for a relatively new gambler like me?
Hi, cheers.
ReplyDeleteStart with an amount that you can comfortably afford to lose and spread that amount across multiple sportsbooks or if you want to deposit it all into 1, use Betfair exchange. When you're set up, bet no more than 2% of your bankroll on any 1 bet(my average stake is about 1% of my bankroll) and try and build it up slowly but steadily. If you manage to double your bankroll, then increase your stakes to double that of your initial stakes and so on...