How to Win You When Betting on Sports

BETTING is a game that has captivated audiences around the world, offering unique insights into human nature, fortune, and chance. As the national sport of Malaysia takes the world by storm, with one of the fastest growing sports betting markets, it’s time to illuminate the mystery behind the sport – and how you can make the most of your betting knowledge.

The opportunity to bet on your favorite sports is available in Malaysia and the world over, with a variety of online bookmakers offering horse racing and esports betting alongside the more traditional football, hockey, and basketball wagering. Whether you’re a seasoned sports gambler or simply want to try your luck at betting, this article will guide you on how to place winning bets and maximize your sports wagering experience in Malaysia.

Understand The Game Better

The beauty of betting is that no matter what happens, you can always come back and place another bet. The downside is that, as avid gamblers are aware, understanding the game means you have a better chance of profiting from your knowledge. To help with this, here are a few simple tips to better understand the game of sports and how to bet on it:

Know The Odds

Like any game of chance, knowing the odds can help you make better informed decisions when placing a bet. These odds are typically provided by the bookmaker, and can be found on their website or in their official apps. Before placing a bet, it’s important to familiarize yourself with the terms and conditions of using these odds to form an opinion on whether or not you will profit from the wager. In most cases, you’ll find that there are significant advantages to using these odds, such as reducing the risk of losing money by adjusting your bets, and increasing your chances of winning. For this reason, it’s recommended that you take the time to familiarize yourself with the odds, and use them when forming an opinion on whether or not to bet on a particular sporting event.

Look At The Past Performance

While all betting has the potential to be profitable, it’s important to remember that some sports, especially those involving popular world teams or leagues, are more likely to yield profit than others. What this means is that based on your past experiences, you can assume that certain sports will likely reward your efforts with profit, and therefore you should focus your attention on these events when placing bets. In some instances, it might even be smarter to avoid a sport altogether, based on the fact that it doesn’t have positive feedback in your favor.

Use Calculators

If you’re a pro, you probably already use several different calculators to perform complex mathematical calculations to help you wagered. These calculators are quite useful when combining different factors, such as the number of goals in a basketball game, to determine the outcome of a particular sporting event. Since the calculations can be quite complex, it’s best to use these tools to assist you in making sound decisions, rather than relying on your own intuition, which can be faulty at best, and at worst, lead you to make disastrous choices. For the best chance of profiting from your betting knowledge, it’s recommended that you learn to depend less on your instincts, and more on the numbers.

Practice With Simulated Money

As a wise man once said, “The only difference between gambling and sports betting is the odds”. This is quite true when it comes to practicing and getting better at betting, but it’s also important to remember that not all sports are created equal, and some have considerably more risk than others. To avoid potential problems, and increase your chances of profiting from your wagering efforts, it’s recommended that you practice with simulated money, rather than real money. When using real money, there is always the risk of losing it all, meaning you’ll have to start over again. Practice with simulated money allows you to experiment with different wagers and situations, while minimizing your risk exposure.

Make Sure You Understand The Terms And Conditions

Just like any other form of gambling, sports betting comes with its share of pitfalls, and it’s essential that you know what you’re signing up for before committing. Most bookmakers will require you to accept the terms and conditions, which you can view in advance, to confirm your agreement to the terms and conditions, as well as the privacy policy, which protects your personal information, among other things. Familiarizing yourself with these documents, and reading them carefully is essential for your own protection, as well as the protection of others, in case something goes wrong.

Don’t Forget About The Psychology Of The Sport

Sports are a fantastic source of entertainment, and playing a game is a great way to spend time with your family and friends, but this doesn’t mean it’s easy to predict the outcome of a sporting event. The psychology of the sport can be quite tricky to determine, particularly when it comes to predicting the winner of a game, and there are several important factors that might sway the odds in one direction or another. For example, if you’re a Michigan Wolverines fan and the team you support is taking on the Nebraska Cornhuskers in a college football match up, you might have an edge, since the team you support is likely to cover the spread.

However, if the game is being played between two professional teams, with established reputations, then the psychology of the sport might not play as big a role in the outcome. In cases like these, statistics and traditional facts, such as previous game results or current point spreads, might be more useful in determining whether or not you’ll profit from betting on the game.

Keep In Mind Major Sports Events

Since sports betting is such a global pastime, with major events taking place across the world every year, it’s quite easy for sports fans, and even non-sports fans, to get completely absorbed in the world of sports, particularly during major sports events, when huge amounts of money are on the line, and fans are more pumped up about a particular game or match up than usual. This is why it’s preferable to bet on sports during times when there aren’t any major events, or at least events that directly relate to your area of expertise, so you can ensure that you’re not influenced by outside factors, such as media hype, or the mood of the public at large, who happen to be following a particular sport.

Learn To Value All Information

When using your own judgment to place a wager on a sporting event, rather than using a calculator or odds provider, you’re bound to make mistakes, which could potentially ruin your chances of profiting from your wagering. To maximize your chances of winning, and minimize the risk of losing, it’s important to remember that all information, including stats, opinions, and facts, are subjective, and might not be completely accurate. To quote Billiards Hall of Fame member Harry Holt, “There are lies, damned lies, and statistics”. Learning to value all information, and weigh it against your own personal opinions, is the key to increasing your chances of profiting from your wagering.

Know When To Stop

As in most other games of chance, it’s quite easy to get so engrossed in what you’re doing that you continue to wager, even when you’re losing. One way of assessing whether or not you’re doing well, or rather just bad luck, is to monitor how long you continue to wager, even when the results aren’t going your way. It’s quite common for gamblers to stick around even when they’re losing, meaning they risk losing more money, due to the point-spread, than they’re winning, from individual wagers. This type of gambling behavior is called, “Hitting The Jackpot”, and while it can be a lucrative habit, risking larger sums of money, and continuing to wager, even when you’re clearly losing, can ultimately lead to financial ruin. The key to avoiding this scenario is simple: know when to stop.

Bet On What You Know

To quote the great Harry Holt, “I always say, put your money where your mouth is.”, which means, in other words, bet on what you know. This rule of thumb applies to all forms of betting, and it’s quite easy to follow. Simply put, if you know, for a fact, that you’re better off betting on a certain outcome, then by all means, bet on it. Naturally, there are exceptions to this rule, mainly when it comes to games with large point spreads, such as college basketball, where you might have an advantage, since the teams you support are likely to win, and vice versa, but in general, betting on what you know, and having the courage of your convictions, is the best policy.