The legalization of sports betting in America has taken the industry by storm. It’s a multibillion-dollar market with millions of sports fans eager to get involved. But making money in sports betting requires serious work. Those who are looking for a get-rich-quick solution or minimum effort will quickly burn through their bankrolls. But if you’re willing to take the time to learn and apply proven strategies, you can improve your chances of winning big.
1. Understand the math behind sports betting.
There is no such thing as a guaranteed winning betting tip in sports. Even the most successful “experts” only get less than 60% of their bets right. And that’s before accounting for the vig, or juice, which is built into every sportsbook’s odds. Even if you win 80% of your bets, you will still lose money on average because of the vig. So it’s important to know the math behind sports betting before you start placing bets.
2. Know the difference between Over/Under and Prop Bets.
An Over/Under bet is based on the total points scored in a game, while a Prop Bet is a wager on specific individual events. The oddsmakers create the Over/Under line by analyzing factors such as past games, weather conditions, player and team performance, and more. The more you understand the math behind these bets, the better you’ll be able to make informed decisions.
3. Research is key to winning.
There are many ways to research a game, but all good sports bettors spend plenty of time studying teams and the matchups they face. They also pay attention to player and coach injuries, team chemistry, and historical trends. It’s also a good idea to shop around for the best odds and vig, as these can vary dramatically from book to book. 4. Keep track of your bets.
Professional sports bettors maintain near-obsessive records of their plays. This helps them to test their theories, like the ones above, and it keeps them from losing their bankrolls too quickly. It’s also a good idea for amateur bettors to keep records of their bets, so they can learn from their mistakes and develop the skills needed to be profitable.
The key to success in sports betting is patience and discipline. Don’t be afraid to bet small amounts to build your confidence, but never bet more than you can afford to lose. And remember that even a few bad bets can wipe out your entire bankroll. That’s why it’s crucial to be consistent with your unit size and only bet 1-2% of your total bankroll per play. Doing so will allow you to ride out some rough patches without going broke. And don’t forget to check out our Promos Page for all the latest offers and bonuses available at top sportsbooks!