Tuesday, September 26th, 2017

Sports Gambling Basics – Betting on Sports 101

Sports betting is the most popular form of gambling in America. A friendly pool with your coworkers, a weekly bet with your dad, diehards flying to Vegas for weekly wagers, or internet-savvy sports gamblers betting on sports online – wagering on sports can make watching a game even more exciting.

You probably already read the sports section of your local newspaper every day if you’re reading about sports gambling. Or maybe USA Today is more your style, rather than your local paper or something like The Wall Street Journal. Either way, it’s a natural progression for sports fanatics to have the urge to bet on sports.

This article is all about the basics of sports betting. We’ll introduce you to some basic sports gambling tips that will help you develop the mindset of a successful gambler.

Sports Gambling Tips

The most important thing to remember, which is the same basic rule of all gambling,  bet only as much as you’re willing and can afford to lose.

Once you’ve decided to make a bet, it’s time to decide whether you want to, 1) bet on your favorites teams for fun, or 2) make the best bet based on the odds and the information you gather on each team.

If you really want to make money betting on sports, you’ll have to break the urge to make wagers solely on your favorite teams.

It may be a difficult idea to swallow, but that means making bets on the teams that have value, which may require you to bet against your home team. Just don’t tell any hometown fanatics what you’re doing!

That leads us to our next sports gambling tip.

Be Selective

The most important thing you have to remember is to not make a bet just to get in on the action. It’s one thing making a bet to add a little excitement to watching a game.

You have to be more judicious concerning your bets if you actually want to make money on sports wagering. You have to pay attention to both teams, the playing conditions, the pros and cons of the sports you want to wager on, and especially the line and point spread offered by the sports book.

This scrutiny allows to you select the bets with the highest winning potential, and maybe win some big bucks!

Do Your Homework

The second important thing to keep in mind is that you have to do your homework, just as with other kinds of betting. The Sports section of your newspaper can be your best friend in analyzing your betting options.

Keep track of team statistics, who has been injured from week to week, the best rookies of the year, and the strengths and weaknesses of each team. Always check the injured list, the playing conditions and the home-team advantage, too.

All of these tidbits can help you put together a clearer picture of the upcoming game. Tides can turn based on any one of these conditions.

Analyzing the statistics and doing your homework can even help you find mistakes that might be made by linemakers. Don’t forget TV sports reports, either, if you’re truly serious; players, ex-coaches and sportscasters can give terrific insight and up-to-the-minute information regarding the sports you want bet on.

Use Your Own Numbers

Don’t rely strictly on the odds made by professional linemakers. Crunch the numbers on your own. You can easily compare the professionals’ numbers against the year-to-date averages in your local Sports sections.

This can show you how the odds were calculated, and even why they were calculated that way. You may disagree with a few of the odds posted by linemakers.

It’s your job to find the value in the wagers offered, and your own analysis can help greatly. Some odds will come out exactly the same as your own analysis, and these bets really aren’t worth making.

Every once in a while you’ll find that your odds are different than the set lines, maybe because one or more conditions have changed, or you may have included something the linemakers overlooked. This is true for all major sports, including cricket betting odds.

Any difference you find is the game you want to bet on, whether it’s just a hunch or not. But remember, no bet is a sure thing, no matter how good you may think it is.

The major difference between sports betting and other casino games, such as blackjack, is that you have to make all your bets before you know the outcome of any of them, especially if you’re betting on multiple games. In blackjack, you know the result of your last bet before the next hand starts.

Betting on multiple games means you risk losing all your bets. Your predictions may seem sound, but you can’t count on winning any of them.

Don’t make $100 bets on four football games if you can only afford to lose $200. You may think, based on the odds, that you could lose three bets and win one, but you have to accept the idea you could lose all four.

Remember Murphy’s Law? Anything that can go wrong, will go wrong. That’s why it’s important to always stick to your limit.

Also, remember that unless you’re adding to your bankroll throughout the season, don’t bet the entire thing on one week of games. Space out your bets so you can stay in the action for the entire season.

If you haven’t already, you should also read our articles on the different types of bets you can make and how casinos, bookmakers, and sportsbooks make money on your bets.

Sports Betting at 5dimes.com

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