If you’re reading this, I assume you’re looking for an edge in sports betting. You’ve come to the right place. We’re going to teach you how to be profitable in sports betting, step by step.
Create A Plan
The first thing you need to do to start making money in sports betting is to come up with a plan. Before you even consider placing a bet, ask yourself, “How much do I want to risk?” Consider the amount you’re willing to lose (the “bet size”) and create a plan to make the most of it. For example, you could devise a plan where you risk $5 on one NFL game and make a note of how that particular game turns out. You could then use that information to decide whether or not to risk $5 on the next NFL game, depending on how the previous one turned out. (You can also use these stats to examine the over-under or spread of each game.)
Creating a sports betting plan takes a little bit of research, but it’s worth it. You won’t always be able to depend on pure luck in sports betting. Especially if you want to be profitable, you’re going to have to put some thought into it. Say you want to try running football statistics in sports betting. You could create a plan where you risk $5 on every football game and make a note of how the game turns out. Using a software such as MyBookie Sports, you can research and save all of your bets, creating an easy-to-reference record of your wagers. (MyBookie offers a free trial, so you can test-drive their software for yourself.)
Research The Sports
You need to do your research before you invest your money in any sort of wager. This means looking up the schedules of the teams you’re interested in betting on, seeing how the games are going to turn out, and gathering as much information about the teams and players as possible. (See also: How to Become a Successful Sports Bettor.)
There are a variety of sources you can turn to for information. You can start by using Google to search for “Sports Scores” and then follow the links that appear. You can also check the NBA, NCAA, and NFL websites for the latest scores and schedules. (The links to all of these sites appear at the top of this article.)
You can use the information you find to create logical, measurable conclusions about which sports to bet on and which to avoid. For example, the Houston Astros are a bad baseball team. However, you can’t always know for sure which games they’re going to win or lose until the game has actually been played. The more you know, the better off you’ll be. (These are just some examples of what you can do with the information at your fingertips. There are literally hundreds of ways you can use this data to improve your sports betting success.)
Create A System
In order to be profitable, you’re going to need to create a system. This system will be very helpful in keeping track of all of your bets and studying the results of previous wagers. (If you want to create a system like this, you can use an app like MyBookie to collect and track all of your bets in one place. Alternatively, you can use MyBookie to create a “book” where you can enter all of your wagers and then examine them at a later date. Creating a system also forces you to be more consistent and rigorous in your approach to sports betting. The more you put into it, the more you get out of it. (Hopefully!)
The process of creating a system is similar to creating a plan. You start by coming up with something that works for you. For example, maybe you decide to create a system where you only bet on basketball games that end in a draw. You don’t want to risk losing any money, so you stick to sure things. (Once you have something down on paper or in a spreadsheet, it’s much easier to continue using it even when the initial excitement of creating it has worn off.)
Once you have something in place, it’s time for you to test it. Remember, the purpose of creating a system is to be able to use it when necessary. Once you’ve determined that it works, you can always change or add to it as needed. (This is one of the reasons why creating a system is so beneficial. You’re certain to stumble upon something you didn’t account for when creating your initial plan.)
Study The Odds
One of the main things you need to do before placing a bet is to study the odds. (If you’re not familiar with odds, they are basically the likelihood of something occurring, expressed as a fraction.) This is going to be important when it comes time to determine whether or not to bet on certain sporting events.
You’d think that with all of the information readily available at our fingertips, creating an edge in sports betting would be an easy task. Unfortunately, this is rarely the case. Especially if you want to be successful, you’re going to have to put in the work. (As you know, betting on sports is not as easy as hitting a couple of buttons. There’s a lot more that goes into it than meets the eye. If you want to be a successful sports bettor, you’re going to have to learn what those buttons do.)
The next step is to study the odds. Begin by looking up the spread (the amount of money being placed on one side versus the other) for each game. Then, find the over-under (the total amount of points that will be scored by both teams) for each game. Once you have those figures, simply subtract the under from the over and you’ll have the total amount of points that favor your team. (In the case of a tie, the total amount of points will be used to determine who won the game. For example, if the total amount of points is 144 and there are 2 ties, then each team would have 48 points, resulting in a tie.)
If you’re looking for a quick and easy way to get started making money in sports betting, you’re going to have to go elsewhere. (The information presented here will teach you the proper way to do it. There are plenty of ways to get lucky, but you’ll never be able to depend on pure luck in sports betting.) This is especially true if you want to be able to predict the outcomes of games. If you want to run your mouth off about how good you are, feel free to do so. But when it comes time for you to actually make the money, you’ll have to do the job.