Betting Strategies For New Sports Bettors

Making money by betting on sports could be tough however there are tonnes of sports bettors who win consistently.There are even a lot of professional bettors who make a good living off of sports betting. You don’t need to be a rocket scientist in order  to bet on sports successfully, but you do need the right strategies. These are extremely easy to learn so newbies at sports betting can pick these up easily.

Begin Slowly

Our number-one tip for new sports bettors is to ensure that you begin slowly. Understandably, you could be chomping at the bit with excitement to get starting with sports betting. Trust us. We’ve also  been there before. However, it’s very important that you pump the brakes a bit in order to make sure that you don’t dive in very quickly.

Rather than diving in head-first and making a tonne of bets without much knowledge or experience, you’ll just want to dip a toe in. By taking a step back, you will be able to increase your chances of winning by learning the basics of sports betting.

Maintain An Edge in Whatever Sports Betting That You Do

There’s a good reason why it’s called sports betting and not sports gambling. This is because you are able to  have an edge in your adventures in sports betting as opposed to gambling, where you are always operating at a disadvantage, or playing with very little edge.

The rule of thumb rule for making it big is don’t do what everybody else is doing. As a beginner sports bettor, it’s natural for you to associate your interests with what the public opinion is. However, make a note that your dream of making sports betting a major contributor to your financial independence plan is dependent on you identifying your style, original way of thinking, and above all, not following the herd.

Manage Your Bankroll Properly

This is the oldest and yet the most useful tip you will ever encounter. To void betting with money you can’t afford to lose, manage your bankroll like a pro. If you have a budget of $500 for betting through the NFL, make sure you keep each bet pegged at anything between 1 to 5% of the bankroll. This helps you avoid catastrophic situations of losing a lot, or ending up chasing losses only to end in debt.

An old betting strategy, which you could follow, is to bet on home underdogs. The theory is that teams are often more inspired to play at home, and they will frequently not fold if they are down like they may when on the road. Betting home dogs in the past could have made you money, but this isn’t very true as much anymore.

Try and place your bets at the correct time. With lines shifting from the time they are posted to the time the game starts, you will want to get your bet in at the time when you are getting the best price. Predicting line movements is extremely hard but it is worth looking into.