Advice for Online Sports Betting
September 21, 2023, a year ago
Here’s a checklist of the easiest and quickest tips experts around the internet have mentioned for sports betting. If you want to improve your returns, start utilising these today:
● Avoid Parlays and Longshots
If you’ve got a bigger bankroll, making a few longshot bets is okay. But if you’re just starting out, these can be a huge drain on your available finances.
● Broaden Your Action
It can be better to spread your money across more bets. This will help you overcome bad luck and bring variance right down.
● Bet Against the Public
Also known as Fading the Public, all you need to do here is bet the opposite of what the majority of people are betting on. The main concept here is that oddsmakers don’t always set the lines and odds based solely on what the outcome will be. They want to attract roughly equal action on both sides of an event to protect themselves from potentially enormous losses.
● Consider Betting on the Underdog
One of the most common edges you’ll be able to find is when a popular team or player gets too much hype. Do your research and try to find an underdog for good value and a far bigger payout.
● Focus on One Team or Player
This simple idea can be more powerful than you think. It’s much more valuable to be an expert on a single team or player than to know a little about many.
● Hedge Your Bets
Although it might seem like a strange idea to bet against yourself, hedging your bets may come in handy when you’ve made a Futures bet and things have changed drastically. If you hedge your bets at this point, you can offset potentially high losses.
● Learn the Basics of Odds
Whether you’re betting online or at a brick-and-mortar bookmaker, you’ll have to knuckle down and learn the basics of odds. Make sure you know how American, Decimal, and Fractional odds work.
● Set a Betting Budget
Don’t ever spend more money than you can reasonably afford to lose. Set daily, weekly, and monthly bet limits and respect them.
● Shop Around for the Best Odds
If you were looking for a loaf of bread, you’d naturally purchase one at the store offering the best bread for the cheapest price. The same goes for odds! Spend some time comparing odds from top sportsbooks to find the best value.
● Study Team Records
Specifically, the team’s records against the spread. It can be extremely valuable to know how anyone you want to bet on scores, not only in the Loss/Win column but also against the Point Spreads created by betting NZ sites.
● Take Advantage of Winning Streaks
Sports performance may be very erratic for both teams and individuals. Players can be as hot as fire at times and can't miss a shot at other times when they are in the zone. You can profit from hot and cold streaks in your betting if you can spot them before the oddsmakers do. It presents a great opportunity.
