Let’s face it, many of us have made a small bet on a sports match and simultaneously sat dreaming about what we are going to do with all of the fictional millions that we could win. The unfortunate reality is that these dreams will remain as simply dreams for most of us. No house in the hills or drop-top porsches in our futures sadly!
With that being said, there are ways to improve our chances. To get you thinking about sports betting strategically, we have listed some ideas below. Winning the lottery or winning big on a sports game is not an everyday occurrence, but it could happen. Afterall, you have to be in it to win it.
Acknowledge the Mathematics Involved
Like with anything, sports betting is a learning curve. Of course, gambling is called gambling for a reason. If it was easy to accurately predict the winner or outcome of a sports match then everyone would be doing it. That said, there are ways to improve your odds of winning. One way is to acknowledge the strategy, maths and logic involved in betting. If you approach betting with a strategic mindset, you are much more likely to win and succeed than if you are just betting a random $5 here and there based on the “best” odds laid out by betting agencies.
To help think strategically and minimize your risk of going home empty handed, do as much research as you can prior to securing a bet – take on the views and predictions of the professionals, consider all of the different factors that could impact your team’s performance (environment, are they playing from home?, etc) and assess the stats and specifics of the players. By gathering as much research and information as possible, you are better prepared for making a good betting decision.
Start Small Initially
So you’ve done your research, you feel confident in your decision and you believe that the odds are in your favor; that doesn’t mean it’s time to place large bets and feel overly confident. Start with small amounts initially – a few cents and dollars here and then. As you start to get the knack for the strategy behind gambling you will feel comfortable betting more and more.
What are the Professional Odds?
Professional odds give a good indicator as to the likelihood of something happening, however they are not cut and tried or a 100% guarantee. For instance, if the likelihood of something happening is 200/1, there is still a chance of it happening. Sometimes these more “unlikely” odds are not set this way because the professionals don’t think that that outcome will happen, but it is something that is tricky to predict.
When placing a bet on any kind of sport, take the professional odds into account but don’t accept them as 100% truth. If you have a good feeling about something, a good knowledge of the sport and the league, and you feel confident in your prediction, go ahead as you see fit.
Understand How “Odds” and Betting in That Sports Area Work
Often it isn’t just as simple as win vs lose. This is particularly the case when it comes to betting on sports such as soccer. It is important to thoroughly read through and familiarize yourself with the betting rules and regulations, as well as the ways in which the bets work. For example, maybe you bet on your favorite team to win during a match, but what happens if the final result is a draw? Similarly you should remember that there are different ways of betting on games. For example, a straightforward win/lose bet, an accumulator, etc.
Bet on Teams and Leagues You Know Well
You may hear rumors that there is a lot of money to be made on some international golf tournament but honestly if you know absolutely nothing about golf, it may not be worthwhile to place a bet. Regardless of how many articles you read as a form of “research” about the tournament and its players, you will not gain the same kind of understanding and confidence as someone who actually follows it religiously. If you are passionate about a sport, you are more likely to win in a bet, so consider this carefully before putting money down on any prediction.
Realize That This is a Learning Curve
Like with anything, betting is a learning curve. Of course, there is always going to be an element of risk involved here. Even if you are placing bets for years and years, you are still going to encounter losses; however as you become more experienced, you will become more accustomed to thinking strategically and weighing up all of the different factors that come into play during the game.
Think Carefully About Different Factors
When you place a bet, you should think carefully about all of the different factors that could affect the outcome of the match. For example, betting agencies may award a team with promising odds of winning and say that they are currently playing on “good form” but that doesn’t necessarily mean anything. “Good form” in one game does not equal success in the next one. Many factors come into play – the specific team line up, whether the team are playing at home or away, the weather, the history with the opposing team, etc. Mull over as many of these different factors as you can prior to making a bet.