Profitable Sport Betting Tips
There is no real betting system to profitable sports betting. Nonetheless, it isn’t all luck either. Worldwide, there are a plethora of successful sports bettors making a nice income from placing sports bets. Though it is true that the majority of the online sports bettors lose money, there is no reason that you have to […]
There is no real betting system to profitable sports betting. Nonetheless, it isn’t all luck either.
Worldwide, there are a plethora of successful sports bettors making a nice income from placing sports bets. Though it is true that the majority of the online sports bettors lose money, there is no reason that you have to be part of that losing group.
If you can pick winners 57 to 60 percent of the time, you can profit by following the basic profitable principles of sports investing.
The first principle of successful sports betting is to set a budget for the betting season. This budget is called your bankroll and should consist of money that you can afford to lose. This should be an amount that won’t affect your standard of living if completely exhausted.
Though you are hoping to have more winning days than losing days, not every day will be profitable. Because of this, your bankroll should be a separate stash of cash from the money needed to pay any living expenses such us mortgage, rent, bills, etc.
Once you determine the size of your bankroll, you will be able to decide the size of your bets. The key to making money by betting on sports is to place the same amount on each game. This amount is called your betting unit.
To determine your betting unit, you must make the decision how conservative or aggressive you plan to be. Though the typical betting unit is five-percent of your bankroll, you could use anywhere from 2.5 to 10 percent. This would all depend on the size of your bankroll and your betting temperament.
It is this betting unit that will be your key to profitable sports betting and what minimizes your risk and while attempting to maximize your profits.
Placing Winning Sports Bets
Most gamblers are doomed for failure from the beginning because they are undisciplined and place multiple bets of varying amounts. This isn’t a profitable betting strategy because you stand to lose more money when your big bets lose and your small bets win.
The juice that is attached to each losing bet is higher on the bigger bets, and, if you win one of the smaller bets, it will only cover a percentage of the bigger bet that you lost. It is this reason why some sports bettors can have a winning percentage of 57 to 60 percent and still lose money. They simply win more of their small bets than their big bets.
When you place the same amount on each bet, you minimize that amount you will lose on losing bets. Though you might like one game slightly more than another, you don’t want to show that with your money.
Successful Betting Strategy
The bets that you place should be your strongest plays of the day. Some successful sports bettors are known to put in 20 to 40+ hours per week researching each match-up prior to placing their bets. This research narrows their picks to three to five plays that are deemed to have the best chances at winning.
Since losing days will happen, you never want to risk more than half your bankroll at any one given time. This winning principle ensures that you have enough ammo to fight back after one of those losing days. By limiting the number of bets you place each day and using an appropriate betting unit, you should never have more than half your bankroll exposed.
No one can be taught how to make winning picks, and not everyone can be a consistent winner. However, if you can win 57 to 60 percent of your picks, you will be a successful sports bettor by following these profitable sports betting principles.