Sports Betting Strategy
Sports Betting Strategy – In-Depth Guide
Sports betting isn’t a simple guessing game. A moneyline bet can be as simple as picking an outright winner, but this does not mean that you can wager randomly. To increase the chances that your bet will win, you need to do your research. From historical data to the weather, there are many factors to consider that will affect the outcome of the game. You will need the best sports betting strategy.
Clueless about the sports betting strategy that works best? Read on and learn from the insights we’ll share in this short guide.
So, What are Sports Betting Strategies?
Sports betting strategy refers to a plan of action that can deliver optimal outcomes or the highest chances of winning. It is how you should focus your efforts to achieve your goals. By having strategies, you will have a clearer direction. You will know how to wager responsibly and properly to minimize your losses.
The Best Sports Betting Strategies
Whether you are a new or seasoned bettor, below are some of the strategies that you might want to consider next time you wager on certain sports.
Diversify Your Bets
One of the simplest sports betting strategies is to spread your risks by diversifying your bets. This means that you should not put all your money into a single bet. If that bet loses, then you lose everything. A good practice is to make several bets so that you can minimize the impact of a loss.
A common mistake that most newbies make when betting in sports is that they rely on their emotions instead of their logic. This is especially true in live games. You are pressured to decide right there and then, and hence, in many instances, your emotions will take the better of you. With this, a good live sports betting strategy is to never be emotional. Avoid betting in teams or players only because you are a fan.
Fade the Public
Speaking of being logical, do not be tempted to follow public opinion. In many instances, you will benefit from betting against the public. So, be bold to take a different path. As finance experts would say, the returns are higher if the risks are higher. Especially in basketball and football spreads and totals, bookies often adjust the numbers to shape opinion.
One thing that may bettors often overlook is the schedule. It can affect the outcome of the games. If a team has played consecutive games within the last couple of days, this can affect their performance. To add, the outcomes can be also affected by whether the game is scheduled at home or away.
Avoid Making Progressive Bets
Progressive betting is a common strategy that beginners make to compensate for their losses. However, this does not work, and this can just augment the money you are losing. For instance, if you bet $10 and you lose, some might bet $20 on the next game, with hopes that it will make up for the losses. However, if there is no solid basis for betting that way, this is a poor strategy.
Don’t Bet on Parlays
For your parlay bet to win, all of the outcomes must come true. This means that you are not betting on a single outcome. If you are right on your first wager but wrong on the second, then you lose the bet. Parlays are best reserved for the pros who know better the ins and outs of sports betting.
Go Line Shopping
Before placing your bets, take the time to go line shopping. Different bookies will have different lines. You should know how to calculate the value. By doing this, you know where to put your money based on the expected returns. For some, the difference between -110 and -105 may seem small, but for seasoned bettors who understand how lines work, this is significant. Lines are constantly moving, so you also have to keep an eye.
Develop a System
If you are a professional, then this is one strategy that holds a lot of promise. It is a great sports betting over under strategy as well. You will develop a formula based on historical data. This can be confusing for most, which is why this is best reserved only to seasoned bettors.
Manage Your Bankroll
Especially if you are a beginner, you might be tempted to bet more than what you could because you are hoping to win big. According to experts, you should not bet more than 2% of your bankroll. To be safe, bet only 1%. While the winnings can be promising, betting is not a get-rich-quick scheme,
What are Considered the Best Sports to Use Strategies?
If you are a beginner, choose popular and easy to understand sports when placing your first bet. The more popular the sport is, the more tips you can find online. Many tipsters will offer free advice and recommendations, making it easier to bet. Football and basketball are some of the easiest to bet. Boxing, MMA, and tennis are also great to bet at and use strategies because the outcomes are pretty much straightforward. Or, it can be any sport that you understand the most.
The hardest sport where you can use strategies is the one that you understand the least. Soccer is one of the most complicated sports to bet at, even if you have sports betting basic strategy in mind. Some things that make soccer betting difficult include low scoring, last-minute changes, and the possibility of a draw. Cricket and baseball can also be complicated because the results can be random.
Why are Sports Betting Strategies Considered the Best for Betting?
Why would I bother understanding the best sports betting strategy? This is perhaps what you are thinking. We can answer this question in many ways. First, the strategies mentioned earlier will help you make well-informed choices instead of having baseless assumptions. With a strategy in place, there is direction.
Because having strategies means being well-informed, there is a higher likelihood of winning. You can exponentially grow your bankroll as long as you follow the basic betting strategies.
With a simple sports betting strategy, you can grow your winnings significantly! From diversifying your bets to managing your bankroll, the strategies mentioned earlier can be beneficial in more ways than one.
Now is the time to put these strategies into practice. Check out Digibet today and start placing bets on your favorite sports!