In today’s sports betting world, the majority of sports bettors are going to lose money. Moreover, there are some reports that only 15 % of the bettors are actually able to earn money through sports betting. However, these statistics should not discourage future bettors for getting into sports betting. On the contrary, the fact that there are many people that actually win should be the main motivation to start betting on sports. However, the ultimate question here is how to make money through sports betting?
- Gain Knowledge About Your Sport
One of the main prerequisites for success in the sports betting world is to know your sport. On that note, it is important to emphasize that you should be very knowledgable about the offensive and defensive statistics. Moreover, players records should also be analyzed and this is especially notable with pitchers in baseball. Additionally, personal records against specific teams and current form etc. are the kinds of details that will inform your betting. Also, these details will prepare you for spotting those good-value markets.
- Check all the Bookmakers
One of the main advantages for the average bettor is that there is a lot of competition in the sports betting bookmakers. More competition means better betting options for bettors. Therefore, it is imperative to constantly check which bookmaker has the best price for the market you want. Also, try to find the best offers that are available on a specific day as it can potentially increase your winnings by a significant margin.
- Avoid personal Bias
One of the main mistakes that many new bettors make is to place bets on their favourite teams. Moreover, personal bias and the strong belief that your team will win can often lead you to make poor bets. Also, most of the bookmakers love these bettors as they make profits from them on a weekly basis. The solution here is quite simple. Try not to bet on or back your favourite team – it is simple as that.
In the same time, it might be wise to avoid derby games as there is a high level of unpredictability. The elements such as pride, prestige, bragging rights and honour may have a galvanizing effect on the game. And that can often go against your bet.
- The Fewer Selection Method
The fewer selections you include in your bet means higher chances for you to stand of winning. In other words, if you want to make money place your bets on three to four teams. That way, you can increase the percentage of winning money.
This is also supported by research data that shows that bookmakers lose money mostly on single-game bets. However, if you want to get a bigger payout to try 3 to 4 games bet. This way you will still have a good chance of winning your sports bet.
On a final note, we can conclude that there are several valuable tips about how to make money on betting. However, these tips represent the main prerequisites for every bettor that is serious in the quest of making high profits.