Sports betting is a pretty popular pastime and there’s definitely a range of strategies that one can use to optimize one’s winnings. If you’re looking to ramp up your bankroll and become a more consistent winner, then this article is for you. We’re going to go over a couple of tips and tricks that can help you out.
Study The Spreadsheets
It seems obvious, but just like in any other area of athletics, the key to successful sports betting is proper preparation. This means sifting through the spreadsheets that gauge the odds of each outcome in various sports games. For example, if you’re a football fan and you want to place a bet on the game this weekend, you’ll want to look up the spreadsheets corresponding to the football odds. Similarly, if you’re trying to enter a sweepstakes related to a sporting event, you’ll want to look up the odds for that event.
Watch The Favorites Performance
One of the best ways to prepare for a game is to examine the favorites’ performance in previous matches. In the world of sports betting, this is known as “watching the tape.” For example, let’s say you’re backing the Los Angeles Lakers this season and you want to place a wager on the game this weekend. Of course, you’ll first want to look up the spreadsheets for the Lakers and then study their previous matches to find out how they performed against various opponents. You can find this information easily through stat tools on the web sites for the different sportsbooks that handle the odds for the Lakers.
Use Bet Credits
A lot of online sportsbooks give you the option of applying credits to your bet before the match. These are essentially points that you can bet with and if you bet $100 and win, you’ll get $110 in credits. The advantage of this system is that it encourages you to bet small amounts frequently since you’ll need to spend money to generate the credits you need to cover your bets. Also, it tends to eliminate the large-scale betting that can cripple a bankroll. Last but not least, it provides a level of diversity to your betting that wouldn’t be available to ordinary people. If you’re looking for a way to diversify your betting, then this is a viable option. However, keep in mind that the more you invest in credits, the greater the chance of losing money (since you’re no longer protected by the law against odds stacking).
Use The Point Lotteries
To continue on the previous example, let’s say that the Lakers win the match this weekend and you want to cash out. Instead of getting your $110 directly, you’ll need to enter the point lotteries to get your money. Most online sportsbooks give you the option of entering the lotteries for different games and you can choose how many points you want to play for. You’ll also need to know the odds of winning for each game since you’ll need to multiply your number of points by the odds to determine how much money you’ll win or lose.
Use A Safe Betting Strategy
No one wants to bet on risky prospects, but in some cases it’s better to risk it and win rather than to stay clear of a wager that you might lose. This is especially true if you’re trying to build a bankroll since you can’t always be sure that you’ll be able to apply your winnings to a legitimate wager. With this in mind, you should adopt a safe betting strategy and only bet what you can afford to lose. For example, if the spreadsheets indicate that the game is a sure thing and you’re feeling adventurous, you can risk $100 on the game and if you lose, you’ll only be out $100 since you have enough money in the bank to cover the bet. On the other hand, if you’re looking for a way to earn extra money without having to take on too much risk, then this might not be the best option since you can’t be sure of the outcome of the game. This is why it’s advisable to build up a small bankroll before taking on these sorts of wagers. If you’re looking for a way to increase your income without too much risk, then this option might be right for you.
Make Use Of The Free Picks
As we mentioned before, proper preparation is key in any field and especially so in sports betting since you’ll never know what sort of predictions the bookmakers are going to make regarding the outcome of a particular game. If you want to be the best, you’ll need to prepare for all sorts of cases and one way of doing so is by looking at the free picks available on the internet for the game you’re interested in. It’s always good practice to use free picks to prepare for a game since these are exactly the sort of things that the books use when doing their analysis. This way, you’ll be able to determine what the true spread is for each game and how well the public is viewing each team or player. It’s also a good idea to check out the predictions for yourself to get a feel for how well they match the game results. This is especially beneficial if you’re looking to enter a contest related to a sporting event since you can find all the necessary information in one place and verify the accuracy of the predictions. It’s also worth noting that the spread sheets for these sorts of contests are usually made available to the public so you’ll have the information at your fingertips in case you decide to back the selected team or player.
The point of this article is not to tell you that you need to study odds and spreadsheets to be able to successfully place bets on sporting events. This kind of preparation is essential in any case and it would be best to follow it regardless of whether you decide to place a wager on a game or enter a contest. Hopefully, this article was able to point you in the right direction and give you some ideas on how to make the most out of your sports betting experience.