How To Make Money Gambling On Sports
Making money betting on sports can be tough, but there are a lot of sports bettors who consistently win, and there are even a lot of professional bettors who make a good living off of sports betting. On this page you will find sports betting strategy and tips to help you become one of the winning bettors.
Apr 24, 2017 They see sports betting as easy money and aren’t willing to put in the hard work. Gambling is a very emotive process. The highs and lows when you win money are some of the most compelling motivators around. It’s one of the reasons that people become addicted to gambling. They don’t bet to make money anymore.
How to make money on sports betting in 2020? Nokia 5.4 Launched With Snapdragon 662 and 48MP Camera For $230; Update Daily: Xiaomi Coupon Zone Collection From Gearbest, Cheaper than Flash Sale Price; Redmi K40 Real Phone Appeared: Punch Hole Screen, With Dimensity 1200; Huami Amazfit GTR 2e Released: For the First Time in 24 Days of Battery Life. Some sports, like basketball and football, get the most attention and money. These sports are also hard to make money sports betting. You may find that you can make money sports betting on sports that you don’t really like. Bet on Events That Aren’t Televised, Too.
Below I talk about the basic sports betting strategies for beginner bettors, but if you are more experienced you can check out the advanced sports betting strategy articles towards the bottom of this page.
The Basics To Sports Betting Strategy
In order to help yourself make money or a profit from sports betting there are a couple of basic strategies or tips you will want to understand and follow. None of these sports betting strategies are secrets by any means, but following them will help you win money betting on sports.
The bettors who don’t follow any of these strategies are often referred to as “squares” and those are the type of bettors that the sportsbooks will make their profits from.
#1 Money Management/Bankroll Management
When you are betting on sports you should always set aside a certain amount of money, which we refer to as your “bankroll”, in which you can afford to lose. Like with any type of gambling, you never want to bet betting on sports with money you cannot afford to lose. Set aside a certain amount of money that you can use for your bankroll for the week, the month, or the season. A general sports betting strategy for money management is to only make bets with 1%-5% of your bankroll. For example, if your bankroll for the NFL season was $1,000 you would be making $10-$50 bets on each NFL game you wanted to bet on. It is also very important that you do not chase your loses with bigger bets. It is common for some sports bettors to be down money and feel in order to win it back they need to increase the size of their bets. This is putting yourself in the wrong mindset and will often lead to you losing even more money. Work with the size of your bankroll, and look to slowly increase it over the length of the season.
Here’s a video going over Bankroll Management strategies for sports betting:
#2 Bet Sober and Don’t Go on Tilt
Although betting while sober seems like common sense, you’d be surprised how many people bet on sports under the influence. Is it a coincidence that the Las Vegas casinos offer free alcoholic drinks while you are gambling? I don’t think so. I don’t want to sound like your mother here, but betting while under the influence will impair your judgement and should definitely be avoided if you want to become a winning sports bettor.
The second part of this tips is “Don’t Go on Tilt”. Going on tilt or “tilting” is a commonly referred to term with poker players and basically means letting your emotions take over, which often leads to bad decisions. If you are angry or upset at something, such as a couple bad beats with your sports bets, you shouldn’t be placing any more bets. Take a break, go for a walk, get your mind clear before you start making anymore sports betting picks.
#3 Do Your Homework
This is maybe the most important sports betting strategy. You will always want to do your research before placing your bets. Although going with your hunch when betting your favorite sport may work some of the time, in the long run it will not lead to you winning money betting on sports. In order to profit from sports betting you will need to research, study, and do your homework for each pick you make. Look at stats, find trends, create sports betting systems, analyze past games – basically do everything you could possibly do to ensure you have value in your pick before you place your wager.
#4 Line Shopping
A very big step to becoming a winning sports bettor is to make sure you are shopping for the best lines. What this means is that you will have to have an account at a couple of different online sportsbooks and when you are ready to make a bet on a certain team or outcome you check the different sportsbooks and find which book is offering the best line for you (this ties in with our advanced how to find max value article). For example, if you are looking to bet on the New England Patriots on a 7 point spread, you would want to check a couple different sportsbooks to see if any of them are offering the Patriots at 6.5 points, or at the very least find the best price you can get them at 7 points at. Over the course of a sport betting season you can win yourself a lot of money from shopping the lines that would otherwise would not be one. Line shopping is definitely one of the best sports betting strategies used by winning sports bettors. To see a list of sportsbooks we recommend signing up for visit our Online Betting Sites section.
I’ve created a line shopping video and posted it on YouTube (seen below):
How To Make Money Gambling On Sports Network
#5 Avoid Buying Points
Avoid falling into “square” tendencies such as buying favorites down or underdogs up. For example, some bettors always feel the need to buy an NFL favorite of -3.5 down to -2.5. The sportsbooks are smart enough to charge more juice to do this, mathematically making it a bad strategy. The same goes with buying an NFL underdog from +2.5 to +3.5 for example. In 99% of cases I would advise against it. Check out the video I made below about buying points on NFL underdogs.
Other Sports Betting Strategies and Myths
Above are the four main basic strategies you will want to follow in order to become a winning sports bettor, but there are a couple of other tips you can use to help you win money.
For one, you can try following a sports handicapper who is using a proven sports betting system. Be careful of scammers out there though. If they don’t show their past records long term plus proof I would pass, and in most cases I wouldn’t be paying for picks at all.
An old sports betting strategy is to bet on home underdogs. The theory is that teams are usually more inspired to play at home, and they will often 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 true as much anymore. You can read the current betting market article to learn why.
The last tip I have for you is to try and place your bets at the right 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. Check out the video below that I made titled “When To Place Your Bets”.
Advanced Sports Betting Strategy Articles
How To Make Money Gambling On Sports Cards
» How to Place a Bet
» How to Win at Sports Betting
» Sports Betting Math
» Teaser Betting Strategy
» Prop Betting Strategy
» How to Get Max Value When Betting
» Future Betting Strategy
» NFL Bye Week Betting Strategy
» Parlay Betting Strategy
» Pleaser Betting Strategy
» Sweetheart Teaser Betting Strategy
» Current Betting Market
» How to Research Your Bet
» Mistakes You Need to Avoid
» Things Beginners Need to Know
» Win/Loss vs Value
While many people consider betting on sports to be a hobby or their favourite pastime which adds particular spice and adds thrill to watching games, others consider it a serious business and sort of a job if you wish.
Only a handful of people have truly mastered the art of betting on sports although the number of those who are attempting to become betting professionals increases daily.
Still, looking at it from a wider perspective, it has long become a widely-accepted concept that the majority of sports bettors lose their money on sports betting.
Reasons for such disappointing claim are many, but it needs to be noted that many tipsters overlook the important betting aspects and fail to comprehend that betting as a process needs to be approached systematically if one is to be successful at it.
How To Make Money As A Kid
Creating a betting strategy and finding the best new betting sites may be a tedious task, but it is a highly important one as well and investing time in making a sustainable betting plan is bound to make it worthwhile.
Knowledge is the Key
When it comes to betting, one of the most important aspects of it is knowledge. You must have heard your fellow punters say it a million times before that they got ‘lucky’ and ‘fortunate’ with their bet.
How To Make Money Gambling On Sports Teams
The elusive concept of luck and fortune plays no meaningful roles in sports betting as it is a knowledge that allows you to have most of the betting aspects in full control and be a tailor of your own betting destiny.
The biggest mistake a bettor can make is to shoot in the dark. Inexperienced punters and those without a clear plan to their betting system will have a quick look at the market, choose randomly what they think is a good priced bet and splash their money on it without any background knowledge on the teams involved in the match, on their current form, recent results, team news and other aspects that are required before any bet.
Doing your homework is important with sports betting as a thorough research into team information and a look into statistical overview is bound to give you a valuable edge ahead most of the bettors and in some great cases ahead of bookmakers themselves.
Emotionless Betting
How To Make Money Gambling On Sports Transfers
Turning emotions off can be a determining factor in sports betting. Any knowledgeable betting decision, backed by a thorough research and a seemingly confirmed value can go to waste if you let your emotions get in the way. This is particularly important should you choose to place a bet on your favourite team as making unbiased betting selections is the biggest challenge you will face here.