Sports betting, like any type of gambling can bring the bettor highs and lows. With some tips to becoming a better sports bettor, the goal is to win more often and make smart bets. Jorge Hank of Grupo Caliente has some tips for helping you become a better sports gambler.
Bet on What You Know
While you can bet on any type of sport, you should stick to the games you know and where you understand the strategies and skills involved. Bet on the sports you know and enjoy watching so you won’t have to do a lot of research to make an educated bet.
If you follow American football and you know who the good players are, who’s injured, and who is having an amazing season, you’ll likely do better than betting on a sport where you don’t know the coaches, the best players or even what a team’s strategy is.
If you have never watched a day of tennis, trying to pick the winner of a tournament, difficult even for those who follow it, would be a bad bet. If you do bet on sports you don’t follow, then you need to do a lot of research to become educated about the sport, so you you’re not throwing your money away.
Research Your Bets
Research is always important, regardless of how well you know the sport. Research can be done by using websites to check out trends in betting, read about different strategies, or join sports betting subreddits, to research the teams playing. You can never have too much information if you’re betting on sports.
Research shouldn’t stop when you place a bet. You can always hedge a bet you’ve made if you discover more information during your research. Hedging a bet means placing a bet on a different outcome than the original bet so you won’t lose either way.
Decide How Much You Can Risk
In order to be a better sports bettor, you need to decide how much money you can afford to lose and put towards sports gambling. This is all dependent on your individual financial situation. Never bet more than you can afford to lose. Once you have decided how much you are going to bankroll, decide how much of the bankroll you are willing to place on each bet. It’s recommended that beginners stake anywhere between one to five percent of their bankroll on every bet they make.
Don’t Get Carried Away, Set a Budget
If you’re on a winning streak, you’ll get a betting high and you might be tempted to think you’re invincible. The best sports bettors in the world only win about 55% of the time. Don’t get carried away and think a winning streak will go on forever.
Conversely, don’t get carried away if you’re on a losing streak by betting more and more in a frenzied style. People sometimes try to double and triple their bets to try to make up for their losing streak, but this usually ends with more losses. Keep a cool head whether you’re on a winning or losing streak.
It’s critical to set a budget because winning and losing both bring out emotions and they can easily get out of control. Creating and sticking to a budget really helps to keep your emotions in check.