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How can you make the most out of sports bets? How can you make the most out of sports bets?

How can you make the most out of sports bets?

Sports betting is one of the most popular online betting activities among casino players. Sports bets not only act as a source of entertainment but sports bets can be used for earning extra income. The bettors play against the bookmarkers. When it comes to sports betting, the bettor needs to have a certain kind of knowledge, strategy, statistical information, discipline etc. to make the most out of this activity. 

Many online sites provide different sports for the players to place their bets on. Cricket betting happens to be the popular one among many players, followed by football betting, basketball betting, etc. The live feature in most of these sites allows them to interact with the game and bet online during a live match. There are some important basic tips the player needs to learn about making the most out of sports betting

1. Less is more when it comes to making sports bets

One of the common mistakes that many sports bettors make is to place bets of huge amounts on their favourite game at a betting site. When it comes to sports betting, the player should not spend his entire bankroll over the game, rather should only spend one or two wagers to enjoy the success of the outcome. It is better for him to bet only on the winning spots. Sports betting is said to have a variance of 70-80%. 

A successful bettor usually has a 54-55% chance of winning the bet. But the common advice given by most sports bettors is not to place bets beyond his affordability level. In other words, he should place the bankroll on one or two favourable, winning spots rather than rolling out the bankroll through all the spots. The odds of winning will be higher than the usual. Chances are the player can win 7 out of all the 10 matches.

2. Making educated guesses is a big no-no

Sports betting is something which cannot be played with luck or chance. When the players make educated guesses on their winning teams, they are basically creating a blindfold before hitting at the right spot. The player may win one or two matches like that but it may not prove to be feasible in the long run. The successful sports bettors, on the other hand, do not take chances at betting. They do a thorough research on the game. They go through the injury reports and waivers, statistical data and algorithms to find the right winning spot. If the data has no sufficient information about a betting spot, the bettor does not place his wager on that spot at all.

3. Avoid Parlays and save the bankroll

One of the most common bets used in sports betting are parlays. It is when the players can put two or more bets together to maximise the winnings or the payouts. For example, there are three sports teams playing and the bettor places a $100 on each of three teams. The bettor can get a whopping profit of $272.70 if all the three teams won as predicted by the bettor. But what if he places a 3 $100 parlay bet on these three teams. If the team wins, he wins around $600. Here, he did not have to spend $100 individually on three teams. He managed to make a good profit of $600 at the cost of a single bet of $100. It may sound very lucrative at first but upon studying closely, parlays does have its share of cons. By using parlay, the chances of winning the game stand at 6:1. There are high chances for him to lose all the six matches for every single match he wins. The worst part is that the player must win the parlays bets. In other words, if he loses one of the matches but wins the other two, he will still not get anything.
On the other hand, if the player can divide the three bets into three individual tickets, then he can still receive the winning amount from two bets even if he loses one bet.

4. Player should place wager that he can afford to lose

Since sports betting enjoys a variance of 54%, the player does stand a chance of losing the game at 54%. The sports betting industry is notorious for bettors losing on the matches they have placed their bets on. The book markers in Las Vegas were known for not recording the winning bets because they could defeat the bettors at the games very easily. Despite this biggest con, the bettors should not be afraid of taking full advantage of the game. Sports betting can still be fun and profitable.

5. Utilise a strict unit system for sizing up the bets

The player can maintain his bankroll management with the help of a unit system that sizes up the bets. The units can be small or large in size based on the player’s ability to afford them. But sticking to the unit system is effective in preventing future risks. 

6. Don’t let emotions come in the way of betting

The sports bettors cannot let their love for a team decide the outcome of the game. It is still important for them to assess their favourite teams or players based on relevant data and facts. Many sports bettors get swayed by emotions and passion that they lose out on all the matches they had initially placed their money on. Sports betting should be played with logic and rationality.

Concluding thoughts

Sports betting has emerged as one of the favourite hobbies among sports lovers. There are countries which are planning to legalise the betting industry soon. If a person is new to the industry, he needs to mentally prepare himself to lose more matches than winning them. He needs to utilise a proper betting strategy to maximize winnings out of his favourite game. But most importantly, he needs to have fun in sports betting.

How can you make the most out of sports bets?
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Post Name : How can you make the most out of sports bets?

Posted On : 18/11/2020

Author : Cameron Riddell