- Why use tested strategies
- Best practices when betting on sports
- What to avoid when wagering on sports
- Using a value bet strategy
- Final Words
Why Use Tried & Tested Strategies
We’ve all heard the stories. Some lucky sports punter takes a chance, places a risky bet, and walks away far richer than before. Thankfully, most punters wager on sports only to earn a few extra quid, but some think of sports betting as a way to strike it rich quickly and easily. Though, the latter is highly unlikely to happen, there are still things you can do to give it a shot.
That’s not how it works, and we should say that right upfront. Yes, there are ways to increase your chances of winning when betting on sports at any online bookies or sports betting sites. But, aside from cheating – and that’s not something we’d ever encourage – there’s just no way to pick a sure thing. Remember, any kind of betting is a game of chance. You’re going to win some, and you’re going to lose some, so prepare yourself for that.
Now that we’ve gotten that important bit of information out of the way, we can get to the good stuff!
If you’re a punter, you’re probably already a fan of a sport, to begin with. Most sports bets are usually placed by fans who want to try their hand at turning their knowledge of a game into a bit of extra cash.
Your chances of winning at sports betting depend on several different things. There are things that you can control, like math and statistics, information analysis, and bankroll management. Then there are the factors that you can’t control: player injuries, weather, cancelled games and even a global pandemic.
If you want to increase your chances of placing a winning sports bet, then there are a few things that you can do. Read on to find out more about it.
Top Tips – Best Practices for Sports Betting
Whether you’re new to sports betting at online bookies or not, there are a few things that you can do to increase your chances of turning a few wagers into profit. We call these ‘Best Practices’, and these techniques are about more than just picking the best betting options. Before you place your next sports bets online, see if you’ve followed these best practices.
Preparation is essential when it comes to sports betting. One of the first things that you’ll want to do is find trusted licensed bookmakers for you to open an account with. Thankfully, that step should be easy to get out of the way. If you’re not sure about sports betting on a specific sportsbook, then you can check out our reviews and comparisons.
Preparation should also include setting up a budget and doing research into your chosen sport. We cover these, and more, below.
2. Bankroll Limits and Management
Setting up your bankroll is arguably the most crucial step before you bet on any sports. Remember, these are only the best practice tips and aren’t required before you start wagering. With that said, let’s assume that you’ve already registered at your chosen bookie, and you’re ready to start your sports betting. Don’t start placing your bets just yet!
First, go to your account settings and set restrictions. On most betting sites, you can set deposit and withdrawal limits, as well as your sports betting limits. Consider your budget carefully when you set your limits. And don’t be tempted by welcome bonuses unless their wagering requirements will allow you to risk less of your own cash. Also, consider this. How much can you realistically spend in a day or a week? How much can you afford to lose? Set the limits accordingly.
Be ruthless. You want to make it as hard as possible to squander your budget on impulsive wagers or chasing losses.
3. Sports Selection and Research
It’s a good idea to start betting on just one sport before you start spreading out to others. The best place to start would be betting on a sport that you’re intimately familiar with or have been a fan of for a long time. The better you know a sport, say you choose football bets, the higher the chances are that you’ll be able to use the information you know to determine an outcome accurately.
4. Sports Betting Strategy
We’re not telling you that there’s a sure-fire strategy out there, and that you must spend a small fortune to find it. Many free tips and betting guides give punters advice about betting on particular sports. Online communities are filled with bettors who’ve been playing on sports betting sites for years, and they just love sharing advice and strategies. Find the best one at Betenemy as we are punters with lots of betting experience and know-how.
Things You Shouldn’t Do in Online Sports Betting
There are risks involved when trying to find a winning strategy. Beware of the risk using strategies involve. And above all else, try never to do the warning signs of irresponsible betting outlined below.
Chase the Big Score
Every sports punter hopes to win big, even if they only bet recreationally. In the back of our minds, we’re always hoping that maybe, just maybe, the next viral story about an instant millionaire will be our story. Of course, there are risk-less-profit-more strategies, but they are hard to come by. Plus, finding the perfect opportunity to use them is rare. There’s nothing wrong with hoping for a big win, but when it starts to cloud your judgement, then you’ve got a problem.
Don’t get so caught up in chasing that elusive big score that you forget to bet logically. Don’t chase your losses, and don’t take unnecessary risks. Sometimes, slow and steady can still win the race.
Bet While Emotional or Drunk
If you think it’s hard to avoid chasing losses or placing risky bets when you’re sober, try doing it when you’re drunk or emotional. Placing an extremely risky bet and losing is probably more likely than the odds of you picking an accidental winner and becoming a millionaire.
Trust in Systems
Are there winning systems out there? Of course, there are, and many punters would pay an arm and a leg to get their hands on them. That’s precisely why there are so many false systems out there, and the creators can make quite a few pounds off an eager punter’s desperation.
Don’t place your trust in a system to spit out a sure-fire winner. Even those bettors who use their own mathematical systems test don’t blindly bet on a predicted winner. There’s absolutely no reason to spend a small fortune on a sports betting system. You’re far better off joining betting communities and asking for advice.
Blame Bad Luck
Sports betting is a game of chance – we’ve said that a few times now. That doesn’t mean that you can automatically blame bad luck every time you lose. It’s an easy excuse, and it’s often the gateway to chasing your losses.
Anyone can hit a short-term losing streak, that’s certainly true. But doing it when on betting sites for professional gamblers seems way better that at some shady bookie. But if it turns into a long-term series of losses, then it might be time to re-evaluate your data and sports betting strategy. There might be some bad data that’s worked its way into your research, tainting your bets in the process.
Sports Betting Strategy – Value Betting
When you’re new to sports betting online, you might be wondering what strategy to use. There are many different strategies, and choosing the ‘best’ one comes down to your preferences and betting style. Most beginners, for example, stick to betting on their favourite sports or pick likely winners based on a bookie’s listed odds.
Can you win using those methods? Absolutely, yes. If you’re looking for a big win, however, you might have to adjust your expectations. These are safe strategies, but they’ll rarely reward punters with any notable wins.
Experienced bettors often use something called the Value Betting strategy. When done right, a value betting strategy can deliver higher and more consistent winnings. That said, it involves quite a bit of work and, as with any type of sports betting strategy, luck still plays a big role.
It’s important to keep in mind that value betting is a long-term sports betting strategy. You’ll need to have a thorough understanding of why bookies have different odds, how they calculate them, and how to create your own for comparison. Confidence also plays a part, as does determination, and a lot of work and research.
Like any punter, an online bookie will also start by gathering a lot of information. The bookmaker’s internal or external team will analyse a massive amount of data about any given sporting event, and then use that information to set odds on different outcomes. It may also price the odds up slightly, thereby creating a safe profit margin.
Even with its expert teams and analytics, bookies can’t predict an outcome 100% accurately. An experienced bookmaker can make mistakes, misprice odds or come in higher or lower than the actual probability of an outcome. Those discrepancies are where experienced punters can find value bets.
The coin toss analogy is used most often when explaining value bets. When you toss a coin, you’ve got a 50-50 chance of heads or tails. When you go to place a bet, though, you’ll find that the bookie has listed the odds as 50% for heads, but 45% for tails. You did the research, and you know that the odds are 50% each, but the bookie has lower odds. There’s your bet.
Basically, a value bet is a bet where the bookmaker’s odds are lower than the actual odds. Value bets exist, but finding them is the tricky part. To be able to spot a value bet, you’ll first need to be very well informed and capable of determining your odds. You can compare odds on sports betting sites, like Bet365, to your own. Doing this will allow you to see if there are any notable differences.
Here is a simple fact. We love 1xbet for its great odds, but that might make it a bit harder for you to find a value bet. It’s always a good idea to compare your odds to those at different bookies, and this should give you an idea of what the average odds are.
No betting strategy is perfect. You’re going to be placing a lot of bets online, and they won’t always come back as winners. It’ll take time and practice, and a lot of trial-and-error. However, the more you work at it, the better you’ll become. As far as sports betting strategies go, our favourite for betting online is a value bet strategy.
Sports betting is a rollercoaster ride of winning and losing streaks. Luck plays its role in sports betting, but so does research, analytics, statistics, and experience. The important thing to remember is that sports betting will always have an element of chance. There’s no way to determine a sure-fire winner and, at some point, you’re going to lose a few wagers.
Hopefully, you now know a few things to help you to get the most out of your betting experience. Remember, with preparation, the right information, time, patience and persistence, you can increase your chances of placing winning wagers on any online betting site.Published on 12 June 2020