Betting on sports is a universally popular pastime, stretching right back to the dawn of human civilization. Sports betting has never been easier or more accessible than it is today; nevertheless, success can remain elusive. If you would like to take things a bit further than the occasional punt on a big event, you’ll need a strategy to stay in the black. With some perseverance and self-control, you could even find yourself turning a profit.
After consulting our betting guide, you can find a bookmaker by visiting https://mrcasinova.com/betting/ — all guaranteed to be fully licensed and trustworthy. We can’t promise to turn you into a millionaire overnight, but having a strategy will help tip the balance in your favour.
Tips for a Rewarding Sports Betting Strategy
Tip 1: Stick to One Sport
It’s fine to have the occasional flutter on the horses or participate in an annual betting tradition with friends, but that won’t generally make you much money. If you want to consistently get good returns, you need to be an expert in your chosen sport. Get your study face on and learn everything you can about the game. It’s also advisable to keep your betting within a single league, for example, the English Premier League. If you stick at it for long enough, you will have as much insight as the bookmakers – if not more.
Tip 2: Stay Cool
Sport inspires great passion, but a hot head will lead to reckless wagers. It’s important to stay cool and dispassionate when calculating your next bet. You should probably sit out events that involve your favourite teams or players, or conversely any that you have an ardent dislike for. It may sound trite to say that you should bet with your head and not your heart, but it’s the trap that people most often fall into. Needless to say, you should only place bets when you are sober and clear-headed.
Tip 3: Be Disciplined
Before you even start, map out a system and don’t deviate from it. This should involve setting a daily, weekly or monthly budget for your sports wager spending, and never be tempted to go over it. You will also need to decide on what your maximum bet should be, as a percentage of your total budget. Keep a record of all your wagers, wins and losses too – this will help you to identify patterns and improve how you bet as you proceed. Record keeping also prevents us from lying to ourselves about how we are doing; something that we’re all guilty of sometimes.
Tip 4: Play the Long Game With Your Sports Betting
Sports betting only ever hits the headlines when someone makes a huge profit from an unlikely outcome – like the fan who bagged £200,000 from a £100 bet when Leicester City won the Premier League back in 2016. The reality of successful sports betting is somewhat less spectacular. If you place small and consistent wagers over time, you’re more likely to prevail in the long run. Remember that you always get your stake back on a win, so even a successful short odds bet will turn a profit.
Tip 5: Get Out While the Going is Good
Most bookmakers have the option to cash out early, for a portion of what your win would have been. Using the example of Leicester again, one fan lost his nerve and cashed out at just over £70,000. In the end, Leicester won and the fan could have made more, but consider that the original stake was £50, and the decision looks pretty sensible. Mobile technology now allows in-game betting, so if you are ahead but it looks like the final result may leave you empty-handed, you can always use the cashout option.