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Sports Betting: 9 Strategies for Success

Aug 17, 2007
Want to win like the pros at sports gambling? The biggest difference between professional gamblers and the rest of us is that professional bettors implement specific strategies on a consistent basis. While they enjoy the process, professionals don't get caught up in the emotions of sports gambling.

It really comes down to consistent implementation of 9 key strategies. If you can adopt the following strategies when betting on sports, you'll go a long way to improving your results and your payouts.

1. Be patient

There's no way around it: successful gambling requires patience. That means take your time and be willing to wait for the "near" perfect opportunities. They come around every single week.

That's not to say you should ignore last-minute betting opportunities. Sometimes, it is important to act quickly. Just keep in mind that if something seems too good to be true, it often is.

If you take your time and deliberate carefully about every betting proposition, the odds are much greater you'll finish higher on the day.

2. Research, research, research

This is what your 4th grade teacher would have called "doing your homework". Be aware of the competitive environment, understand how you can both win and lose money, and most importantly, collect as much information as possible.

Important considerations will include field conditions, weather, player injuries, team statistics and game schedules. Scour the internet for online sources of sports information and other online sports betting resources.

If you want long term success betting on sports, it's absolutely vital you do your homework on each and every match. Guesses and hunches typically result in losses in the long run.

3. Play what you know

Sports gambling offers a wide variety of options and betting types, and often takes into account a range of terminology including lines, odds, and spreads, just to name a few.

As a result, it's important to start with sports and teams you are familiar with. This will help you come to grips with the "context" of sports betting.

4. Seek out expert advice

The fun thing about sports wagering is that there is no shortage of commentary and expert advice. The challenge is filtering through all the available information and making a responsible betting decision.

This is where your research and experience come in handy: compare your expectations with predictions from experts in the sports betting field. Often there will be consensus. When there's not, consider carefully why, and pay attention to those who go against conventional wisdom.

Nevertheless, expert sport gambling picks can often make it a lot easier to win at sports betting. The best idea is to look at a variety of betting sites and bet picking sites online, to see what the experts are recommending.

5. Don't be a sucker

A sucker is often an inexperienced gambler who spots a "sure-win" they can't pass up. Just keep in mind, if something looks like a sucker bet, it often is.

If you want to enjoy betting on sports, it's vital you learn to stay away from these "too-good-to-be-true" bets. Quite often odds makers put up lines just to make sure people take the points. Don't fall for it.

6. Allocate Your Money Properly

You'll significantly reduce your risk if you spread you bets across a number of sports and games. In the long run it'll be far better to bet $25 on 10 games than to bet $250 on a single game. There's no such thing as a "sure thing", so don't be greedy, and don't chase losing or winning bets.

The road to success in sports betting is long, slow, and steady.

7. Know your history: keep good records

How much have you won? How much have you lost? If you can't answer those questions you are risking catastrophe with your sports betting. Many inexperienced gamblers don't even realize how much money they are putting through their online gambling accounts. You are not "breaking even" if you are constantly funding your account, but if you don't keep adequate records, how will you really know if sports betting is really the best type of entertainment for you.

8. Keep Perspective

It's impossible to be emotionless when it come to sports betting. After all, the emotional rush is part of why many people gamble (whether in casinos, or online casino, or even through the lottery).

But if you want to experience outstanding results, be aware of your emotions and how they influence your wagering decisions. The more calm you bring to you betting, the better results you will enjoy. Why is this important? If you don't control your emotions, you will be much more likely to make poor decisions trying to make up for previous losses.

If there's one recommendation I would make over and over again, it is this: stay calm emotionally.

9. Find an Online Sportsbook

Internet sports wagers are far more convenient than the offline versions. Not only that, internet sportsbooks have no line-ups, meaning that while a live bookmarker might only be able to process 20-30 clients at a time, internet sportsbooks can process thousands simultaneously.

Another plus is that internet sportsbooks enjoy a significantly lower cost per wager, and these savings are passed on to gamblers on in the form of deposit bonuses or reduced juice to bettors.

So that, in a nutshell, are the 9 steps you must follow to make money betting on sports. The better you are at these tips, the more often you will win.
About the Author
Michael Lee-Smith enjoys sports, and particularly enjoys online sports betting at sites such as the Bodog Sportsbook.
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