Sports betting has come a long way from being totally banned to slowly becoming socially acceptable. Today, various forms of advertising and promotions can be found everywhere. However, local government officials still regulate the gambling activities within their state.
If you are a newcomer in the betting arena, you stand to lose a lot of money. But the good news is that you don’t need to lose all your hard-earned money without a fight. On this website, you will learn several strategies that can guide you in becoming successful in betting even as a newbie.
Research Thoroughly
Go for sports books that offer the best deals. Read various materials and check out their welcome offers and other perks. You should consider other important factors such as:
Withdrawal Time
One thing that makes bettors excited is cashing out their winnings. So you must consider the processing time for withdrawals. Choose the sports book that offers a fast withdrawal time.
Customer Support
If you’re having a problem, the least you want to happen is to become more anxious. A sports book with a slow response rate is not helpful at all. If you encounter issues along the way, you’ll need to feel secure. In order to resolve any issues, you’ll have to easily connect to one of their representatives or vice versa. So check whether their customer support has a fast response time.
You can also read reviews online to see if they tick all your boxes or if they’re a red flag.
Study the Odds and Lines
Another betting strategy is comparing the odds and lines prior to placing your bet. Money line odds, the type of betting odd that Americans use, is presented with a plus and a minus sign.
Take this as an example:
Jets +350
Cowboys -450
Favorites
The favorites can be seen with a minus sign. These are teams that the bookmaker has placed with a higher probability of winning. In the given example, if you choose the NFL team that’s favored to win, you need to bet $450 to win $100. If the Cowboys win, your total payout will be $100 plus your initial stake.
Underdogs
On the flip side, the underdogs can be seen with a plus sign. If you take your chances and bet your $350 on the Jets, the team that’s less likely to win, and they do win, you will win $100 plus your initial stake.
Use Statistical Tools
Advertisements project that sports betting is glamorous. It also makes people think winning is easy, but that is not the case. Thus, you should use statistical tools to learn patterns and trends. This will give you accurate predictions and informed betting decisions that will help increase your chances of winning.
Use Bonuses and Promotions
If there’s one tip you shouldn’t miss, that is you should hunt for the best bookmaker. Before you dive into sports betting, you must choose a bookmaker that offers competitive welcome offers that come with valuable bonuses. Some of these bonuses include the following:
Reload Bonus
Sportsbooks offer reload bonuses in the form of either free plays or match deposit. This bonus helps a lot especially if you intend to bet on different sports.
Cashback Bonus
As an effort to make bettors keep coming back, sports books offer a cashback bonus. With this type of incentive, sports books give back a percentage of the amount a player has lost.
Second Chance Bets
Another bonus to help you build your bankroll as a newbie are second chance bets. This promotion refunds the first wager of new users in case they lose.
Get Rid of Distractions
Having a clear mind is essential when betting. This means relaxing your mind and body from stress and vices before engaging in such activity. You should avoid unnecessary distractions that could cloud your thoughts. Doing so will help you think more strategically and precisely. Make sure to bet sober and have enough rest before entering the sports betting arena.
Place a Max Bet
Good luck comes every now and then. So when you’re feeling lucky, you can make a max bet on major leagues like the Super Bowl or the NCAA. If you have enough funds to place a maximum bet, go for it. Who knows, you just might be the lucky winner! Just bear in mind that you should only gamble what you can afford to lose.
Follow a Betting Schedule
There are players who bet for leisure while there are others who bet to make more money. Whichever group you belong to, you must know that following a betting schedule is crucial. Having a betting schedule helps you have control over your impulses. This helps protect both your bankroll and your hard-earned money.
Keep Track of your Betting Activities
Some sports books have apps that help keep track of your activities. This helps you determine your strengths and weaknesses. Are you more successful betting on the NBA or NFL? Do you thrive on over/under, props bet, or parlays? Knowing these things will help boost your winnings.
Learn When to Quit
Some people lose track of time when they’re betting. They become hyped to bet more thinking they could win more than what they have. This temptation is something to be wary of. To protect your bankroll, start small and increase bets as you become more comfortable and confident.
Try Out Other Sports Books
Online reviews keep us from joining the bad ones. But the only way to really know which deals are the best is experiencing them first-hand. You might want to check out what other sports books can offer. It’s one way of learning how it compares to your current sports book. As others say, experience is the best teacher.
Final Thought
If you’re just learning the ropes, don’t fret. Once you get the hang of it, you will know how seasoned bettors do it. Just follow the tips and tricks above, and you’re on your way to becoming a pro. One of the most important things is which sports to choose, some of the most popular are football, basketball, tennis, etc. Remember to set limits and spend within your means.
