Sports betting is a hobby for many. Gaming enthusiasts across the world value betting on sports as a friendly and fun pastime activity. Besides passing the time, gamers also make money from betting. But the big question is: how can you consistently make money on sports betting?
Honestly speaking, betting is a game of chances. Experts will tell you that there is no surefire way to ensure a winning streak without a single loss. But this ugly fact should not dissuade you from engaging in your favorite fun activity.
Seasoned gamers have mastered the art of smart betting through time-tested strategies that have caught the bookmaker off guard. You may not be an expert, but these strategies are not rocket science-you too can master them quickly.
Top Strategies to Win When Betting on Sports
Sports betting is nothing about making one lucky bet and winning a substantial amount of money; it’s about placing a series of smart bets that culminate in a significant gain over the sports season. Here are some of the tried and tested strategies that gamers can apply to win big time.
Grasp the Concept of Value
If you don’t understand the concept of value, walk away from betting. It’s just not a thing for you! You can be sure that a 1.25 for the favorite team will win, but what value does it add to your overall bet? Yes, the team is likely to win, but that does not mean that it can’t lose. In any case, the probability of the team winning is not better than the odds given. Simply put, betting on such odds is like claiming that an overpriced item was good value just because you really, really needed it.
Understanding value means that you can judge probabilities better than the market does. Go for higher odds that have better chances of winning. The bookmaker has to provide odds for every game. Look for the loophole that is often overlooked and go for less popular events. They are often misjudged and have abnormally high odds. Your greatest advantage over the bookmaker is to skip those games with unfavorable odds.
Understand How the Bookmaker Comes Up With the Odds
Odds reflect the popularity of a game, and most people are more likely to stake in popular sports events. So the bookmaker will determine the odds based on the general public’s perception but not the actual probabilities of either outcome. Precisely, the bookmaker will set the odds to encourage betting on either side of the odds. The intention here is to shield losses on their side and take the commission anyway.
As a smart gambler, you must be able to seize this golden opportunity. The general public is carried away by the popularity of particular games. Go for less popular events where there is a great value opportunity.
Go for the Best Betting Site
Your choice of the betting venue matters a lot. It is prudent to go for a site that offers a variety of markets and favorable odds. The higher the odds, the more likely you are to win a substantial amount. If possible, sign up for a site that offers a no deposit bonuses to start new clients off. Take advantage of free money to place your first bet. And who knows? You might find yourself smiling after the end of the sporting event.
Please do not sign up on the site based on its popularity. More often, new sites have better deals since they want to attract more people. The new sites offer lucrative betting opportunities, including multi-bets, easy-to-win jackpots, and refunds on close wins. Since these sites are new to the market, they prioritize customer service first, unlike veteran sites that are more inclined towards money-making than client attraction.
Betting is fun and can earn you some cash on the side. However, every hand is a loser and a winner at the same time. Make use of smart betting strategies, and you will be smiling most of the time!