5 Ways to Be a Better Online Sports Bettor
Many people that gamble at real money online casinos also place bets on sports. Sports betting is the fastest-growing segment of online gambling in America and will be the dominant force in online betting for years to come.
If you bet on sports, you want to give yourself the best odds of winning. Unlike casino games, sports bettors can use knowledge and skill to turn a profit. Today, we will give you five tips that will help you be a better sports bettor.
Learn the Basics
Many people that bet on sports don’t fully understand the basics behind sports betting. Start by learning the difference in the different types of odds offered by casinos. Next, learn the difference between the different bets available. Learn why a moneyline bet is a more consistent winner than a parlay bet.
Finally, learn the lingo behind sports betting. Sports bettors speak their own language and if you want to be part of the community, you need to learn the lingo. As you learn the basics, you’ll find that the lingo will become much easier to pick up and use.
Compare Odds from Multiple Sportsbooks
Once you understand the different odds available at sportsbooks, you need to understand that sportsbooks set their own odds independent of other sportsbooks. This often presents an opportunity to the industrious sports bettor.
For example, if Site A is offering -1.25 odds for the Lakers to win the NBA title and Site B is offering -1.30 odds, you know that Site A has the better odds. That’s because you have to risk less money. (If you don’t understand what we just explained, go back to learning the basics.)
You’ll often find it prudent to have accounts at multiple sportsbooks to take advantage of the difference in odds.
Focus on One Sport
A trap that many sports bettors fall into is focusing on too many sports at once. It isn’t like playing online casino games. There’s not a ton to learn to play blackjack, roulette, and baccarat competently. That’s not the case with sports betting.
Each sport has a plethora of information you have to assimilate in order to be competent. Trying to focus on multiple sports is overwhelming and will usually leave you deficient in one area or another.
Stay Up to Date
If you want to maximize your profits betting on sports, you need to do your research and stay up to date on your sport. That means assimilating all the knowledge that you can on your preferred sport. For example, in football, you will need to have a working knowledge of every team in the league as well as its players.
This means spending a lot of time reading up on teams, drafts, trades, and injury reports. Knowing that Aaron Rodgers is suffering from the flu on the day that the Green Bay Packers are playing the Chicago Bears may be the key piece of info needed to make an efficient bet.
Sports betting is work and takes a significant time commitment to stay profitable.
Don’t Bet Like a Fan
The biggest trap that the average sports bettor falls into is that they bet like a fan. If you bet football and are a Washington Football Team fan, you may want to bet your team. The reality is that Washington is not that great of a team at present and betting them is not typically a wise play. If you bet like a fan, you may lose money.
Sports betting requires that you make educated bets based on knowledge gathered about teams. If you only bet on sports for fun, betting like a fan is fine. However, if you plan to make money long-term with sports betting, bet like your job depends on the outcome.