Winning Basketball Wagers; It can be done.
Gambling is sometimes defined as entertainment for people who don't understand mathematics. Everyone has heard stories about a basketball bettor who has a great streak...but streaks tend to be relatively shortlived. Ultimately, bettors generally end up in the red.
But, winning basketball bets is possible if you're smart and have a little good fortune.
These bettors have a few things in common. Most important are a set of rules and the determination and self-discipline to stick to them. The best basketball I know has made these rules for himself.
1. Draw up a contract for yourself, in writing, before you begin betting. Included in it should be the maximum amount of money you will bet on any individual game, a limit on the number of games you will bet each week, and a ceiling on the total number of games on which you will place wagers during the season. If you ever find yourself tempted to exceed the limits set in your contract, get help...you may have a gambling problem.
2. If your goal is winning, treat every wager as an individual investment decision. Research, analyze, and weigh the options.
3. Do not bet every game you think you have handicapped. Bet only those about which you have good reason to feel highly confident. Your percentage of winners is likely to be far higher.
4. Lots of bettors make decisions on the basis of, "gee whiz" information. Remember that current trends mean far more than historical trends. Because two teams have played each other closely for five years may not mean that will be the case this season, for instance.
5. Analyze your wins and losses to see if your methodology needs adjustment. Do you do better when you weigh guard play more heavily? Should you pay more attention to offensive rebounding statistics? Are you under or over weighing coaching? Are you betting too often on teams you like or teams in the more highly respected leagues?
6. If you do not understand how big an advantage the home court is in basketball, do some research. Playing at home offers a bigger advantage in college basketball than it does in any major sport.
If you follow the six rules above, you can probably make money betting with your friends, and few things are more fun than that. Betting on the net or in the casino sportsbooks is an entirely different story.
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