When it comes to how to bet on sports, everyone has their own opinion on which is the best sports strategy to use. How to bet effectively is down to individual preferences and what betting methods they choose to employ.
Whatever gambling strategies are used, bettors should always make sure they research the sport they’re betting on and stay conscious of their bankroll to ensure they’re playing within their own means.
Well-informed players are always going to be more fruitful in gambling. Taking calculated risks is the name of the game, sticking to a smart betting strategy will pay off in the end.
Why do People Use Betting Strategies?
From the poker tables to the racebook, wherever the bettors play they’ll need to be backed by sports betting stats and gambling strategies. No betting strategy is perfect, but players must tailor one to suit their preferences.
Find a strategy and stick to it. Turning a profit is what all bettors look for, consistency in all aspects of betting will help to achieve this. Giving yourself the best opportunity to win, even with the slightest of edges, is always the key. Incremental betting, managing bankroll and having the knowledge to back your estimations are all common among successful bettors.
Sporadically betting on your gut instinct is unlikely to bring the big payouts, although it’s not to be dismissed – there is a time and place for this kind of betting. True sports fans will recognize the fact sports can turn in a second, so be smart.
Fixed Wager Betting
Fixed wager betting is very popular and commonly used among players of all levels, even those learning from the basics. A straightforward approach that requires bettors to wager the same amount regardless of whether they win or lose.
Using this method minimizes the chance of blowing a bettors bankroll. It also means bettors won’t win big on single bets, as usually, this method uses smaller stakes (but not always).
Fixed wagers are quite restrictive, but they offer another level of security when betting. For casuals, this equates to laying down small bets, $5-10, on any bets they want.
Low Percentage Bankroll
Low percentage bankroll involves a bettor wagering a low percentage of their bankroll in relation to the odds. Often considered a poor betting strategy among sports bet expert opinions, yet it can be quite effective. Bettors may place 1-2% of their bankroll, which will yield a low amount.
However, the conservative nature of the betting allows for bettors to play without being conscious of depleting funds. Sports betting 101 knowledge says that betting is about peaks and troughs. Managing these highs and lows with a solid sports betting strategy will prevent disaster for players.
All In Betting
Many readers will recognise this term “all in,” simply meaning betting one’s’ entire betting budget in one go. This betting rate is far too high and any sharps giving out betting advice will tell you this is best avoided.
Sometimes when there’s a good multiple bet and it feels like an opportunity to bet big, this can work. But, not an all in bet. Running out of funds all in one moment never feels good and leaves you with nothing else to play with that day.
The Best Betting Strategy Sports Tips
Making a solid, consistent amount of money through sports betting doesn’t come easy. Methodically working with a strategy is the best way to keep your bankroll up. When it comes to betting, staying focused is key. Emotions must be set aside.
It’s integral for bettors to not be inspired by outside interference and work with the data. While there’s always an element of luck involved, betting smart and remaining consistent will keep players in the green.
As we just mentioned, betting with a level head is the best way to be. Avoiding any form of intoxication is our sports betting advice free of charge! Controlling your temperament is important.
Streaks can swing in either way, you can be on cloud 9 or at the bottom of the ocean. Regardless, avoiding the “tilt” is a real skill. Being tilted is when you lose control of strategy and start making rash decisions.
Intoxication only complicates this process. Making rash decisions is common under the influence, so try to take to cool off and regroup. Classically, any bettor on a losing streak is highly likely to tilt.
Shop the Various Sportsbooks
This is standard practice for many sports bettors. But for any readers that aren’t taking a look at what’s on offer at more than one sportsbook, it’s time to make that change. Many bettors are attracted by a website user interface or like the odds on one market, it’s always worth shopping around.
Taking note of the best odds you see and where is a good way of building a profile of a company. Does it fit your needs? Look for value in the odds and try to find the best lines you can at each oddsmaker.
While it’s quite time-consuming, over the course of a bettors career this technique will pay off. There are always other betting options available and ways to make money betting on new markets – for both sharps and beginners!
Learn the Market
Not only should bettors play the markets they enjoy, but they should try to put some knowledge behind their betting by choosing a market that they know. If you’re keen to start playing a market for whatever reason, learn it and understand the various elements of bets involved. This can be achieved by following some simple steps:
- Start watching the matches/games
- Try to follow one or a couple of teams
- Explore the various betting options available at sportsbooks
Betting Strategy FAQs
1. Is it possible to make money?
Many people make a living off of gambling. While this isn’t always the case, there are an increasing number of casual bettors making money off of modern betting apps and online.
2. Which sportsbook is the best?
It’s not a very easy question to answer as there are so many options. As we highlighted in our tips and recommendations, we’d strongly advise shopping around the various sportsbooks and find one which suits you.
3. What types of bets can I place?
There are so many different betting options available to bettors at nearly every sportsbook, so the options range from moneyline bets to exotic horse racing wagers – the list is endless!
4. Do I need to like sports?
Not at all. I suppose it helps, learning about the sport you’re betting on is certainly an advantage. But you can casually bet on major sports events and manage to turn a profit quite comfortably.
5. What does vigorish mean?
Vigorish (vig, juice) is the amount that the bookmakers make from each bet placed. They add this value to the bet, so that they are ensured to make money regardless of what happens with the customers, winning or losing.
6. How much money should I bet?
We have a guide on bankroll management and this perfectly sums up this question. But, ultimately, it’s down to the individual as they are the ones who know their bank balance and what they can afford to lose.
7. What’s a small bet?
This kind of question is down to personal preference. But, generally speaking, a small bet would constitute somewhere between $5-10.
8. What’s a big bet?
Again, this is the kind of subjective question that we cannot broadly answer. However, big bets you’ll often hear as being somewhere between $50-100 – with high rollers betting tens of thousands on some wagers.
9. What are the types of odds?
There are 3 main types of odds that bettors will see at sportsbooks are American, Decimal and Fractional odds, depending on where the oddsmaker is based.
10. Can I bet casually?
Of course! The vast majority of bettors are casual players and just tune in for major events and sports matches to add a level of excitement to the overall experience. With the ease of betting apps, newcomers are able to easily bet on all kinds of markets.