So you want to be the next big sports betting sensation. You want to drop wads of cash on the big game and rake in all that money at the end of the day. Well, Vegas411 is here with some tips to help you move up in the world of sports betting.
1. Don't fall for home team bias
While betting on the home team seems like a great idea, it can also be an easy way to lose money fast. Sure, it's true that the home team wins more often than they lose but this kind of thinking shifts your focus from other factors that could decide the game.
For example, say you wanted to bet on a home game between the Philadelphia Eagles and the Las Vegas Raiders. The easy choice would be to bet for the Raiders since they are the home team, but what if outside factors are in play? Now, you may get lucky and win with the home team bias every so often, but it is also an easy way to be run out of money.
2. Learn how to make money
We all know the goal at the end of the day is to walk out of with enough money to quit your job and retire to a remote island, but that s just not realistic. Still, there are ways to at least help ensure that you make a profit. In fact, one of the easiest ways to do this turns out to be very simple.
The first thing you need to do is realize that this is an investment that can go one of two ways. The first one is you bet 50 bucks on a series of games and they have a slew of crappy payouts that leaves you with 55 bucks. Keep in mind that s only an increase of five dollars and is not going to get you to that remote island very fast.
You can also put money on both sides of the game and let your wins and losses average out. You at least guarantee yourself a victory by putting some money on both teams.
3. #Dont bet on your favorite team
Emotions are a very powerful thing to deal with and that is exactly why they should have no place in sports betting.
For example, let s say you bet on the Raiders during a road game against the Buccaneers. Sure, they have Tom Brady, but you don t think Tampa Bay s defense will hold and are sure your team will come away with the victory. If they don t win, however, think about how angry you will be and how you will then just be betting based on emotion.
In the end, it s a very vicious cycle to get caught up in. That s why not getting emotionally invested in the bet is usually the best idea.
4. Treat it like a business
Business or hobby?
That's the question that a sport better must ask themselves at some point in their journey, and they will be much better off by looking at it as a business. Either that or eventually burn out.
You need to treat sports betting as an actual business to get ahead and that includes studying games, learning new strategies, and many hours of trial and error.
5. Picking and choosing
Picking and choosing is a difficult thing to do, but this is part of how a sport better reaches the promised land. By focusing on games you know and starting off small, you are raising your chances of winning exponentially.
Even if you don t win big and quit your job the next day, you will most likely end up breaking even or pocketing a little extra money on the side.