Sports betting is one of the most exciting types of gambling. The suspense, the tension, the great satisfaction when it turns out that you have made the correct prediction, not to mention the added bonus of winning cash money, sends the spirit soaring.
Even if you are not a die-hard fan, betting on sports certainly adds interest to the game.
There is more than one way to bet on sports. One can choose between flying to Las Vegas and placing a bet at one of the flashy casino sportsbooks while watching sports on the big jumbo screens, or staying at home and wagering at one of the thousands of online sportsbooks available on the Internet. One can also bet big or small, with your local neighborhood bookie, or on your office pool. Wherever you choose to wager, we've collected some useful sports betting tips.
Sports betting is a game of skill. It takes years of learning and practicing, in order to master it. Still, some professional gamblers who make their living from betting on sports, find a way lose. It basically means two things: first, intuition and luck are great benefits in sports betting as in other types of gambling. If you rely exclusively on "the feel for the game" then, you are doomed to lose lots of money. Second, restrain your expectations and try to have fun. Remember this much about ALL teams: No team is as good as it looked in its last game while winning by a huge margin and scoring points at will... and NO TEAM is as bad as it looked in its last loss, seemingly beaten like a red-headed stepchild. The oddsmaker will step in next time and give one team 17 and a half points (or much more). Where will you be when the favorite is leading by 14 with less than 2 minutes to play and decides to run out the clock?
In sports betting, as in most types of gambling, the advantage is not on your side. However, the savvy bettor has greater odds of enjoying a successful sports betting experience than the spontaneous gambler who places a bet following his gut feeling and wishful thinking.
Therefore, do your homework and make sure you understand the basics of sports betting. If a team is capable of playing to a 100 Power Rating, it does not mean it will play to this level in every game. It may play to a 65 Power Rating level after coming off a smashing upset victory against a key conference rival.
It's called a "let down". In Basketball especially, it hurts a team to come back so soon after springing the big upset. It may likely still be celebrating that delirious high of being told how great they are, how wonderful they played and suddenly find themselves 20 points behind in a game where they were favored by 20.
Learn everything you can about the odds, the type of sports, the teams or players who take part in the match you are betting on. All the information you are seeking is available online within a mouse click, so there is no reason to be lazy about it. Take the points whenever you can. Remember, the Oddmaker sets the line and the Public bets against it. I especially like lines of 1, 1 and a half, 2 and 2 and a half point lines. Give me them points! The Public will have likely determined the Favorite, and I have found the Public is likely weong... most of the time.
If you are betting sports online, choose only reputable sportsbooks that have been around for at least a year, are licensed, regulated and members of a gambling association. Make sure they have good reptations foe paying Winners. Nothing hurts as nuch as hitting a 6 team parley and learning the Bookie lost his shirt and disconnected his phone.
If you will not be paid for your winners, what good will be an address for your written complaints? Do you really expect those scroundels to write you a letter that will satisfy your concerns? Choose a well-funded, long time in business, sportsbook that pays!
Limit yourself to a small selection of games to wager on. The more games you pick, the smaller will be your chances of stepping out as winner. Some of the best bets you can make are the teams who lostt their lasr game as a HOME Favorite, who are AGAIN a home favorite the next game. Football, Basketball, Baseball, College or Pro.. home favorites have a lot going for them, least of which is Pride...not to mention Home Edge, Friends and Family watching them play, Referees on the alert for fouls and penalties from the Visiting Teams. It all adds up... there is no place like Home!
While you choose your sports teams to bet, make sure that you know why you are making your specific decision. If you cannot help but wager on your favorite team, regardless the odds and without common sense, at least make it minimal.
Call your best buddy and place a small amount of money, or a six-pack of beer, so you will still be able to have fun watching the game.
If, as it sometimes happens, you should lose, do not be tempted to bet more next time. You may find yourself in an endless circle of chasing bets. Trust me; you do not want to go there.
If you win big time, do not invest your entire winning on betting it all back, all at once. It will be wiser and more responsible to be satisfied with betting only a certain portion of your winning, ten percent is always a good number. That still leaves you with 9 more bets while waiting for Indiana to play as Home Underdogs the next time the Little Sisters of the Poor come in as 40 point favorites. (Hey, lighten up. Ever hear of Parley Card misprints?)
Remember, perspective is a key word here. Taking everything into perspective, including when winning, or possibly losing, your money on your favorite team. What is the best strategy to minimize the financial and emotional damage to your health, home and psche? Learn to roll with the punches and do not forget to have fun! That is what matters most!