The world of sports betting is one that can be incredibly exciting, as well as extremely profitable, if executed correctly. The ability to accurately bet on sporting events, and profit from them, is what has kept this form of gambling thriving for so long.
The problem is that not everyone knows how to bet correctly or safely, which means there is a lot of potential for losing money. The key is to be smart about your wagers and learn from the best. Here are some tips on how to bet on sports without risking your money:
Know The Score
It is essential to know what your stake is before you place your wager. The majority of sports betting odds are expressed in fractional (or decimal) form, meaning your wager, regardless of what unit you use (dollar, pound, euro…), will be multiplied by a figure that is often larger than one. For example, a $10 wager on a soccer game, where the spread is 2.0, will return $20, rather than $10, upon winning.
Knowing the score, and thus the amount you are risking, will allow you to make the right wager. Sometimes, it can be hard to keep track of the scores and other times it can be quite complicated. However, since most likely you will not know the exact score of the game, it is best to avoid placing wagers on sports you are not actually following or interested in.
Watch The Game
To win big at sports betting, you need to make the right wagers on the right games. Sadly, this is often easier said than done. The world of sports is a big, diverse place, filled with countless events and competitions that you might want to place a wager on. Knowing which games to watch can be quite difficult, especially if you do not have the time to devote to constant research. In these instances, using online tools, such as BettingAdvice.com, to analyze matches, is the perfect solution. Through in-depth analysis of statistics and team form, as well as access to expert betting analysis, you can be confident you are placing wagers on the games that will enable you to profit the most. Knowing which games to watch can be a matter of simple common sense. For example, should you be wagering on the National Football League, it would be a wise idea to follow the NFL rather than the CFL, as the former has more games.
Follow The Money
Another way to make the right wager is to follow the money. Odds are the bookmakers, or the venues themselves, will be looking to place more wagers in the near future. Having access to this information can greatly help you make the right decision when it comes to placing your wager. Simply look at the odds on the upcoming game(s), and based on how these have shifted, you will know if you should bet, or not.
For instance, if you are looking at odds that have recently shifted in favor of your team (or in the case of a college or university football game, in favor of YOUR school), you know it is likely that the money will continue flowing in that direction. On the other hand, if the odds have recently shifted in favor of the opposing team, or vice versa, then you should probably avoid wagering on that game, or more specifically, follow the money and head for the exits. In this situation, there is less incentive to place a wager in the first place and thus, less risk of losing money. This is especially important if you are betting on games with high profiles or big prizes, as in these cases, your wager could end up being a losing one.
Study The Teams
In addition to understanding the score and the money, you must also know the teams. Just because the spread is within your favor, does not mean you will automatically win. Since you cannot know the exact odds at the time you make the wager, you must take into consideration the fact that they could change, either in favor of or against you, at any time before the game.
Since teams are often a part of bigger leagues or competitions, having an understanding of how they are performing in comparison to their expectations is crucial. In the case of a football or soccer match, this means looking at the previous games against similar competition. For example, if you are looking at a game involving the New York Jets, it would be wise to study their previous performances, both at home and on the road, against other teams in the NFL. In these situations, doing your homework, or study, is essential, as it will give you a much better chance of profiting from your wagers. In addition to this, you should look at the type of competition your team is facing, as well as their previous results against these teams. For example, if you are looking at a game involving the Green Bay Packers, it would be a good idea to study their previous performances, both at home and away, against other NFC North teams, as well as other teams in general. In this way, you will be able to place wagers with confidence, as you will know what to expect, based on the competition and the results of previous games.
Place Smaller Wagers
To win big at sports betting, you need to make the right wagers on the right games. Sadly, this is often easier said than done. The world of sports is a big, diverse place, filled with countless events and competitions that you might want to place a wager on. Knowing which games to watch can be quite difficult, especially if you do not have the time to devote to constant research. In these instances, using online tools, such as BettingAdvice.com, to analyze matches, is the perfect solution. Through in-depth analysis of statistics and team form, as well as access to expert betting analysis, you can be confident you are placing wagers on the games that will enable you to profit the most. Knowing which games to watch can be a matter of simple common sense. For example, should you be wagering on the National Football League, it would be a wise idea to follow the NFL rather than the CFL, as the former has more games.
Since odds are the bookmakers, or the venues themselves, will be looking to place more wagers in the near future, having access to this information can greatly help you make the right decision when it comes to placing your wager. Simply look at the odds on the upcoming game(s), and based on how these have shifted, you will know if you should bet, or not.
For instance, if you are looking at odds that have recently shifted in favor of your team (or in the case of a college or university football game, in favor of YOUR school), you know it is likely that the money will continue flowing in that direction. On the other hand, if the odds have recently shifted in favor of the opposing team, or vice versa, then you should probably avoid wagering on that game, or more specifically, follow the money and head for the exits.