The last thing that anyone wants to do when first getting involved with sports betting is lose money. Unfortunately, in many cases this cannot be avoided, because you can’t always be sure of the outcome every time, but what you can do is hone your skills by learning how to look at things more intelligently.
Here is some advice on how you can take yourself from losing heaps of cash to a megastar of the sports betting world.
First, my advice would be to carefully monitor your return on investment before ever placing a bet. It’s possible to sit down and work through the numbers so that you don’t get lost.
Second, pay very close attention to trends. Pick several teams that you are interested in and stick with them. Monitor every little thing that appears to be going on within their inner circle. Things like injuries, new players and other insider information can give you the edge you are looking for.
In the game of sports betting, the ones who stand up tall are those who pay close attention to everything little aspect of the game.
Manage your bankroll carefully. Remember to treat this like any other business where you carefully monitor what’s going in and what’s going out.
In all reality, almost all sports bettors bet way more than they can afford to lose – don’t make this mistake. The truth is that you should really be putting up no more than 6% of your entire bankroll at any one given time. This gives you space to make money and lose less.
Unfortunately, for some odd reason people think that betting on sports is some different thing altogether. They don’t realize that you need to treat it with the care of a stock portfolio. No one wants to be risky with their market portfolio, but for some reason they really do view sports betting as you either lose or win and you have no control.
Although the above statement might be true to some degree, it does not mean that you need to be completely reckless about it. Be extremely cautious with your wagers and you will see your bankroll grow, and don’t you dare start betting more than 10% just because you are starting to feel good about yourself.
Remember that sports investing is a game of numbers, calmness, insight and self control – something that many people aren’t mature enough to do. Be better than that and you will go along way.