Sports Betting – Are You Winning?

Should you listen to sports experts?

A lot of people betting on their favorite teams in sports end up losing money simply because they go with the current trend and what the sport pundits are saying about a particular team without using their own sixth sense. Mind you, you should keep your eyes and ears open to what is happening in your selected sports but you should always do your homework. Remember the Buster Douglas vs Tyson fight, the odds against Douglas to win was 42 to 1 but we all know the result now. Sports betting is a combination of what is in the sports book, what the experts are saying and what you feel will happen based on what you currently know.

If you did not win on the last Superbowl…

Let’s say you were to bet on the last Superbowl game between the Saints and the Colts. Weeks or month prior to the game, you would want to know which player is in a slump, which one has been hot and still is, who is injured who has been playing with injuries. Things like, what are the week and strong points of the quarterbacks can help you tremendously with your bets, regardless of what the books and the experts are saying. I am not denying any kind of sourced information that you may get from the sports book or the experts but you should see the reality for what it is. If a team that is favored to win doesn’t show the numbers the books are talking about, there is serious doubt that it will be able to accomplish that, unless it get lucky!

Knowledge is power!

I am sure that there are all kind of mathematical formulas, trends and other statistics that purport to show you what the final results will be. You can use the formulas, but don’t forget that any given formula always has some unknowns, therefore you have to use it with caution, else you may be throwing your hard earned money away. You can of course, try a few things and see if they work and perhaps add a few little things to complement them but always approach every bet with an open mind if you want to have some degree of success in sports betting.

Stack the odds in your favour!

There are no magic tricks or surefire way to win at betting in sports. A thing you routinely use with success may not work the next time you use it. You must know the odds, place your bet on the right sports book, listen to public opinion and see if you can detect any little signs of incongruity in what they are saying. Take the time to study before betting. See the entire picture that is available to you and use your wisdom and experience to decide. With time you will be winning consistently, or at least more often than not when betting on your favorite team.

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Important Online Sports Betting Strategies

Having a good online sports betting strategies can provide a great supplement to one’s daily income and the rise of online sportsbooks gives bettors a place to make their wagers. The first step is finding the right online sports book. With so many choices, research the Sportsbook you are looking at. Find out what it takes to deposit money, what information they will need, and maybe some feedback on that sportsbook from sports betting message boards.

Now that you have an account set up at your desired book, the second step in any online sports betting strategies is coming up with a handicapping budget and setting up an account. One’s budget must be responsible. In other words, do not bet what you do not have. It is important to realize any financial restrictions and to wager within them. Many online sportsbooks give sign-up and referral bonuses based on how much money is deposited.

The second major step in any online sports betting strategies is betting on a sport that you are comfortable with handicapping. If a bettor is not familiar with NBA players or the NHL, it is wise to avoid betting on those games. Having knowledge of the sport and the teams while making a wager goes hand in hand with having a responsible budget.

Any online sports betting strategies must include research. Nearly all online sports books will have some sort of matchup section with statistics, previous games, and home/away records so that the bettor can make an informed decision. Be aware of injuries and current trends. If a team has lost four of their last five, it may be wise to avoid betting on them. If a team’s best player is playing with a nagging injury, or not playing altogether, it can easily affect the outcome of a game.

In addition, for your personal online sports betting strategies to be profitable, knowing the terminology that online sportsbooks use is critical. The spread is a value that takes away points or adds points depending on the team that a bettor wagers on. The vigorish, or juice, is the value placed on betting that spread. For example, if a team is plus 7 at minus 110, that team will need to lose by six points or less or win the game. The -110 means that a bettor would need to bet $110 to win $100. The vig is how the bookmakers cover themselves if the money is heavier on one side or the other.

Also, any online betting strategies will need to show knowledge of the different kinds of bets. Parlay bets are the most popular and involve betting multiple lines on one ticket. These are higher risk because they require each individual game to end in the bettor’s favor, but also have higher payouts. Teaser bets involve altering a spread to make a more favorable scenario for the bettor. These have less payout than parlay bets.

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