The world of sports betting is far from obvious. New players always wonder if it is possible to win money using sports betting strategies. The answer is yes.
On the other hand, you need to use a rigorous strategy and well-oiled methods to be successful in your bets.
Before making money from sports betting, you must register with a bookmaker.
Take advantage of our offer and start betting without spending a single cent!
Define a strategy for successful sports betting
Before mentioning the strategies related to sports betting, it is worth remembering that risk is always present in online gambling. You must take it into account and accept it. Losing money is also part of the game.
The long-term goal is to get more money than you give the bookies!
Sports betting strategies and techniques do not always win you money. As with poker, strategies help you reduce the variance, win more often, and avoid disastrous bankroll management. A good player must keep his accounts, play according to his standard of living and know-how and when to step back (and even take breaks).
What are the mistakes to avoid at sports betting?
Sports betting is sometimes cruel, and it is very easy to lose money. Some mistakes are common and can be avoided. Note these errors on a Post-it or a notepad that you can view each time you want to bet. You will see that these errors do not exist only among other players!
Here are several reasons that explain why you may lose money:
- Betting too much money
- Wanting to win too much money with a single sports bet
- Betting on extravagant odds
- Betting on your favorite player or club
- Wanting to make up for losses at all costs
- Betting while tired, stressed or in a bad mood
- Combining too many games on one slip
As you can see, many mistakes can negatively affect your winnings. By playing this way, you decrease your chances of winning money in the long term in sports betting. Change your habits and correct your mistakes to increase your earnings. The above errors are simple to fix, it would be silly not to!
The online sports betting strategy to adopt: “Play small to win big”
Contrary to popular belief, you should not bet small on big odds and hope to win often and regularly in sports betting.
Obviously, you may one day be able to make a big hit and fill up your bank account quickly, but the “random” variable increases as the odds on your bet increase.
To win money from sports betting, you have to put your money on the bets that have the best chance of winning. Generally, the odds between 1.20 and 1.60 are safer and by betting on this type of bet, you will increase your chances of winning.
From a purely mathematical point of view, you should know that the odds of 2.00 offer a 50% chance of winning a bet. To this percentage, it is necessary to add the random variables as well as the statistics on the shape of the players, the teams and other elements that can influence the match. We’ll talk about this a little later in this article.
By betting on rather low odds, you increase your chances of winning your sports bets. Above all, it is necessary to avoid the classic discourse “small odds don’t pay anything” that many bad bettors have.
Forget single bets & try double chance bets
Depending on the sports, it is preferable to move towards double chance bets. This is the case in football bets, for example. If you bet on a football match, you will have three possible outcomes:
Team 1 victory
Team 2 victory
Mathematically, you have a 1 in 3 chance of winning your bet. By opting for a double chance bet, certainly, your winnings will be less important, but your chances of success increase to 2/3 (66.33%).
Conversely, in the world of betting and tennis, there are only 2 possible outcomes:
Player 1 victory
Player 2 victory
Take advantage of the many welcome offers offered by bookmakers to build your starting capital. Do not be afraid to register with several sports betting sites and take advantage of their bonuses to start with a good sum and practice your sports betting skills.
Increase your bankroll without taking risks
To increase your bankroll without taking excessive risks, you must reinvest your profits each time your player account increases by 10%.
Imagine that you have a starting capital of 100 $:
Usually, you would place $ 5 per bet or 5% of your bankroll.
If your bankroll reaches 110 $, you could start increasing your bets from 5 $ to 5.50
If your bankroll reaches 121 $, you could increase your stakes again and go from 5.50 $ to 6.05 $
And so on. Remember to go back if you have losses.
Sports Betting Bankroll Management
Increase your earnings with rigorous management of your bankroll! Be rigorous to win your sports bets!
Online games like poker or sports betting are risky activities where it is easy to lose a lot of money. However, with rigorous management of your money and by opting for established online sports betting strategies, you reduce the risks and increase your chances of winning money from betting!
Adopt the right strategies and rigorously manage your bankroll to succeed in your bets and increase your winnings.
Sports betting sites provide statistics, using specialized tools (you will need to use the most comprehensive of them). These statistics can also be supplemented with those found in sports newspapers, but also on sports websites.
Statistics are great for winning money in sports betting because they allow you to base yourself with concrete facts. But don’t forget that despite the statistics, some players sometimes outdo themselves or others, or, on the contrary, exceptionally find themselves in less good shape, during a competition. This is why all the information on athletes, their training, their coaches are good to consider and allows you to make a choice as informed as possible. The more recent and reliable information you get, the more often your forecasts will be close to reality.
Follow and be inspired by tipsters and experts
If you are new to sports betting, it is possible that your mind is not yet very sharp to detect the future winners or promising outsiders. This is why following or taking an interest in the advice, strategies, techniques, analyzes of experienced tipsters, seeing professional bettors, allow you to sharpen your critical sense, sharpen your vision of the game, taking advantage of the experience of skilled bettors, but also to earn some money by following good tipsters.
It is also possible that the time you can devote to forecasting or studying statistics is quite short. In this case, choosing several good tipsters can be a time saver. If you choose to follow tipsters, we recommend that you choose at least 4 or 5. If you choose at least 5, this will reduce the variance and the risk of failure of one of them. Out of 5 tipsters, there will always be at least one who will do worse than the others, but this will be compensated by one or two others, who will have much better results than their counterparts.
To sum up…
If you want to start betting, here are some instructions to follow:
- Set up a bankroll, a budget that you decide to dedicate to your passion and that you can afford to lose.
- Do not expect to become a millionaire or even get a salary from bets. It must remain a hobby!
- If you decide to follow tipsters, follow the right people. Do not rely on slips with big odds posted from time to time. Instead, try to see if a summary of the bets offered every month is posted, try to see if there were any losing or deleted bets and so on.
- Trust your instincts, do not follow someone blindly and try to have your own opinion on the proposed bet or read an analysis. For example, check if a written analysis with explanations and stats (absences, compositions, etc.) backs up the prediction.
What is your favorite online sports betting strategy?