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Betting Tips

By: A. Aguilar
Jan 11, 2010

No matter who bets on sports to make money or just for fun (yeah, right!), the objective is the same: to win!

Some people bet on sports only occasionally, while others play regularly. Some even make a living out of it by placing bets pretty much full time. Now, we don't recommend you to miss a day of work, but if you want to earn big money, apply the following professional advice and proven strategies to help you achieve the best in the game soon.

While there are infinite recommendations and advice available to potential winners, the fact of the matter is that most gamblers are ether not aware that all this information is available to them for free, or simply refuse to practice these principles. Remember: for every smart bettor out there, there are a large amount of regular losers.

And one final note: while some suggestions are effectively "carved in stone", others should only be used as a guideline, since the value of the advice varies from sport to sport.

Administering your money is your #1 job

As is the case with most forms of gambling, the way you manage your money may be the most important aspect of sports betting. Before placing any bets, it is important to clearly identify your target. The first rule to manage your money properly is to be sure not to bet more than you can afford or are prepared to lose.

Compare

The 2nd most important prerequisite to play and win at a sporting event is to find the best numbers. Naturally, there will be large discrepancies in the numbers given for various sports by different bookmakers. The numbers in the NBA, for example, are quite similar in most betting sites; it is unusual to find differences of 2 or 3 points. While perhaps less significant at the time of placing bets, the distinction between a point and two is often the difference between winning and losing.

Share your wealth

Just as investing in stocks and shares in a company, your best bet is to diversify your investment. In other words, do not put all your money on a horse; instead of putting all you have on a single winner, say, spread your betting money in several small bets. This makes it more likely for you to receive a benefit in the long term, presuming - of course - you did your homework. Professional sports bettors bet on individual lines within 3% (the ideal is 1% to 2%) of their bankroll.

On recovering your money: Don’t

This refers to trying to recoup losses from the last time you bet and lost. Whether in sports betting, online casino games, poker, bingo, online or land, the cardinal rule of the game is: don’t chase your losses; period.

Measure the size of your bets

Gains and losses often occur in streaks, and while chasing bets are a great way to mismanage your bankroll, if lucky enough to be on a winning streak it will be an opportune time to increase the size of your bets, at least while your winning streak lasts.

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