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Sports Betting Tips and How You Can Have a Better Chance of Winning

Written by:
Payton
Published on:
Apr/11/2019

Sports entertainment on its own can be very exciting and fulfilling. What makes watching sports more interesting these days is when it starts to include the opportunity for you to win money.

Sports betting allows you to predict the outcome of a specific sport and place a wage on it. Your winning will really depend on how you place your bet and how much you place. For some, they only see sports betting as a form of hobby. However, there are also people who follow different sports just so they could earn more money through betting.

Some sports that you can place bets on are basketball, football, rugby, hockey, and horse racing. If you plan on taking sports betting seriously, it’s best to only follow a few first. Three sports wouldn’t be so bad. Such a strategy could help you have better chances of winning,

Now, that’s just one of the first things you need to know before taking sports betting seriously. If you simply want to earn more through this, here are a few tips so you can have a better chance of winning.

  • Learn about the odds and lines

When looking at odds online, you’ll see the negative and positive sign right beside the numbers. This will indicate who is the favorite and the underdog in the match you’re trying to wager on. However, don’t be confused and think that the negative number signifies the underdogs, and that the number with the positive sign means the favorites.

If the number is negative, it actually signifies that the team is the favorite. The negative number is the amount that you’ll need to bet to win $100. Meanwhile, the team that has the positive number is the underdog. The positive number is the exact amount you’ll win if you place a $100-bet on that team.

A moneyline bet simply means betting on just one team. To be able to win the moneyline, the team you put a wager on should win the entire game. The opposite of a moneyline bet is called point spread. This is when you bet on the times a team or teams will win.

  • Look for sportsbooks

A sportsbook is basically a place where you can place your bets. Back then, sportsbooks are only usually found on stadiums or structures where the matches will take place. They usually only take bets before a match starts.

Because of technology, sportsbooks are now available online. You can even download a sportsbook app, if that’s what you prefer.

It’s just ideal for a punter to at least have access to three sportsbooks. For you, this means that you’ll need to look around for the best sportsbooks that have good offers. It’s best to take advantage of online sportsbooks that have promos for new users.

It’s important that you learn how a certain sportsbook work before you sign up and place your bets through one. Learn its policies, particularly how you can cash out your winnings. It’s always best to go for the ones that you find most convenient.

Avoid sportsbooks with bad reviews, particularly about delayed payouts and lack of customer service responsiveness. If they offer bonuses and have promises that are too good to be true, then they are most likely scammers. Always check the license of the sportsbook you’re looking at.

  • Don’t place bets based on your emotions

Always make sure that your bets are justifiable and not simply because you love a specific player or team. There are still cases wherein people would put a wager on their favorite teams because of loyalty, but if you plan on making more money, then place smart bets.

Take a look at the team’s stats and standing. Sometimes, you can also base your bets on the opinions of different people. You can start by talking to other punters or visiting forums and websites that are dedicated to analyzing how specific games might end.

It’s also worth it to share that you should never place a bet when you’re drunk. Aggression and impulsiveness can be the product of too much drinking, and these could never help you place a smart bet.

  • Know when to bet on favorites or bet against the public

It’s normal to place bets on teams that you know are the favorites because they tend to score more. However, some punters solely believe in betting on people’s favorites early and then on the underdogs on the latter part of the season.

There are still times wherein this doesn’t work, but don’t always get fooled by whichever team the media hypes up. If you plan on betting against the public, know that this could also be your strategy to minimize the risk of your bets as lines could be moved by this.

 

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