Sports Betting Strategy

When betting on sports, always have a set budget in mind to bet with. This money, referred to as your ‘bankroll’, is disposable income you can comfortably afford to lose. It may be a small fraction of your monthly income, for example.

With a set bankroll in mind, you can then think about stake size. We recommend only making bets with 1-5% of your bankroll as this will help you withstand any spells of bad luck. You can divide your bankroll into betting units to help you do this.

A common mistake for a sports bettor on a losing streak is increasing bet size to try and win back their money. This is called chasing your losses and it’s an incorrect mindset. This often results in making irrational decisions and losing even more money.

The best way to avoid this is by sticking within your bankroll limits and applying the management strategy. This will help minimize your losses when you are on a cold streak.

There is a reason why Las Vegas casinos offer free alcoholic drinks to gambling patrons. Betting while under the influence can impair your judgment and lead to irrational decision-making. Avoid being intoxicated if you want to become a winning sports bettor.

The second part of this tip refers to ’tilt.’ Tilt is a commonly used term in gambling to refer to players who let their emotions take over. Playing while sad, frustrated, scared, or with extremely positive emotions, are all classified as playing with tilt. These emotions often lead to bad decisions.

You want to be calm and rational when sports betting. To avoid playing with tilt, take regular breaks and check in with yourself. Take a walk and clear your mind before placing any more bets.

Yes, sports betting comes with homework! You will want to conduct thorough, high-quality research before placing your bets. Going with a hunch may work every once in a while, but it will not lead to consistent returns over time.

To profit from sports betting, look at stats, find trends, create sports betting systems, and analyze past games. Do everything possible to ensure you have value in your pick before placing a wager.

Reading opinions from experts can be a great way to catch up on the latest news including key injuries, travel schedules and trades. There are also other tools available to bettors that can help increase your chances of finding good bets.

Lastly, get the most out of every bet by shopping for the best possible odds. Check the lines at the  best sports betting sites to find the highest value. This can be time-consuming, but it’s well worth the effort to find the best potential payout available.

Over the course of a sports betting season, you can pocket a lot of extra cash by shopping the lines. We only recommend sites with great odds, but the fluctuating, dynamic nature of these means that no one sportsbook always has the best value. For that reason, line shopping is a must.

There is no single secret to betting and winning on sports. There are simply too many variables, from different sports and bet types, to different betting styles and bankroll sizes. That said, a combination of multiple betting strategies is usually the most effective.

Some sports bettors swear by hedge, parlay and teaser betting, or even sweetheart teasers. However, you should be wary of anyone who claims to have a foolproof sports betting strategy. The perfect strategy doesn’t exist!  However, combining sound bankroll management with thorough research and sport-specific strategy offers higher chances of success.