There are a couple of basic sports betting strategies that you should follow to help yourself make money and profit from sports wagering. These steps aren’t secrets by any means, but carefully following some basic strategies will increase your chance of profiting when betting on sports.
There two types of people in this business, people who don’t follow any type of sports betting strategies, and those who do, and make their profits because of it.
Specifically, in this article you’ll learn 2 of the more popular sports betting strategies: ‘Money Management or Bankroll Management’ and ‘Bet Sober and Don’t Go on Tilt’.
Sports Betting Strategy #1 – Money Management/ Bankroll Management
Set aside a certain amount of money which you can afford to invest, which we will call your “bankroll”. Just like with any other type of investing, you must not wager on something with money that you can’t afford to lose.
Set a budget for the week, Best betting sites for indians the month, or the season and never spend more than your initial budget. A general strategy in bankroll management is to only make bets with 2% – 5% of your bankroll. Example: say your budget for this season was $2000, then you should only bet $40 – $100 for each game you wanted to bet on.
It is very important to never ‘make up’ your loss by betting larger money in a game. It’s seems like common sense to bet bigger money in order to win it back, however this is a wrong mindset that will lead to losing even more money. The proper way to do this is to work with the size of your actual bankroll, and slowly increase it by betting little by little over the length of the season. Unless you are betting on a ‘series’ of games where you are placing your wagers to win that series, not just an individual game.
Sports Betting Strategy #2 – Bet Sober and Don’t Go Tilt
Betting under the influence of alcohol will impair your judgement and this is something that you should avoid if you want to winning any type of sports bet. That is the exact reason why Las Vegas casinos offer free alcoholic drinks while gambling. Betting while sober is common sense, so stick with it.This will take the emotional aspect out of the game.
Another reason to not bet while you’re under the influence, is because your conscious mind is temporarily inactive and your emotions take over. This is something that referred as ’tilt’ among poker player. Tilting is a term with poker players which basically means letting your emotions take over your game which then leads to bad decisions.
Easy ways to prevent this from happening is to not drink alcohol at all during your game, and when you’re angry or upset with anything, stop your bets and take a break. Take a deep breath, go for a walk, brush your teeth, anything that makes your mind clear before you start betting more money.