Although it is simple to place a bet on sports, it is difficult to consistently win. Straight bets have a roughly 5% house advantage because of the "vig" or commission, so in order to break even, you need to win more than 52% of the time.
There is definitely something you can do to help increase your chances of having a successful betting career aside from hoping for a lucky bounce or an injury to an opposing player. You won't get assistance from a secret paid website or a betting system that works like magic, though. You can gain the slight advantage you need to be a profitable sports bettor by using the advice provided below.
Finish your Homework!
This is a must-do even if you don't do anything else on the list. You must do your homework and some research before making any sports picks; otherwise, it will be very difficult for you to achieve the necessary 52 percent win rate. Create a niche for yourself.
Every game in every conference in every league must have a line in sports books. They may be well-versed in all areas, but they are unable to devote the attention a focused better can studying the minute details.
After determining which game, you want to wager on, going shopping is your best option. Based on the volume of wagers placed at each sports book, each will have a different set of odds. Depending on whether bets are placed on one side or the other, the line changes in sports books. This may be as easy as lots of fans betting on a particular team. Lines are frequently a little skewed in games involving the football team of Notre Dame because there are so many bets on that team.
Take Risk That You Can Afford
You should only bet money you can afford to lose when you gamble, as with any form of gambling. It is not a good idea to combine your personal and betting funds. Decide on a spending limit or allowance for sports wagering so that losing won't have an impact on your personal life. Making wagers when you must pay the rent or other bills if you win is not only a bad idea financially, but it will also likely cause you to wager on games you shouldn't bet on due to ignorance or lack of research.
Additionally, placing additional bets to try to make up for a loss that puts your personal finances on the line is even worse than placing the initial bet that you couldn't really afford. Never chase your losses or place emotional bets. Don't place a wager if you had no intention of doing so before losing an earlier wager. That would be a needless additional loss waiting to happen.
This should be a commonsense tip, but if you visit any sports book in Las Vegas, you will discover that it is not. Really, there isn't much more to say about it. For a good reason, casinos in Las Vegas offer free alcohol to customers. They become looser and their inhibitions are reduced. When studying and placing wagers on sporting events, avoid alcohol.
It's a Fallback
When all else fails, there is one bet you can place that has a marginally higher chance of success than the others. There is no need for additional research to demonstrate that home underdogs cover the line 50% of the time in NFL games over the past 30 years. Using the appropriate research and picks, you have a spread of less than 2% to cover. Less than 5% of the total must be overcome when ties with the line are taken into account.
Consider sports betting as your business or an investment if you want to be a consistent winner when you bet on sports. You wouldn't just walk into the business you own without having any prior knowledge of it, and you most certainly wouldn't invest in a company you've never heard of and know nothing about. In the game of sports betting, research and perseverance can mean the difference between winning and losing. The proper effort can result in victory.