Contrary to popular opinion, betting on sports is not a street activity where you have to interact with shady individuals and mafia-linked bookmakers. Unlike what the movies would have you believe, you don’t need to meet your bookie after midnight in a terribly dark alley.
In fact, thanks to online betting, the barriers to entry are now low, and you have a real chance of winning good money wearing your pajamas sitting on your couch watching the sports channel bayar77.
However, make no mistake, betting on sports comes with a learning curve. The size of the betting market, including professional and amateur leagues around the world, certainly intimidates most new bettors.
Therefore, before diving into this world, you must be better prepared. Here are some betting tips that can help:
1. Learn the terminology
One of the main reasons why sports betting is a daunting task for beginners is because you are not familiar with the terminology used in betting.
If you want to succeed in the professional leagues, you need more than a functional vocabulary of game terms. Otherwise, you’ll be sitting there smiling and nodding while your opponents outsmart you and take your money home. Here are some common terms to get you started:
Moneyline: This is the type of bet you make if you simply want to choose the winner or loser of a match.
However, there must be an adjustment when the result is not 50/50. You will win more when you bet on the team that is not the favorite to win, and you will win less when you bet on the favorite. The math is unnecessarily confusing, so we’d better leave it for another day.
Parlay: This bet depends on winning several individual bets. If you lose a bet in Parlay, you lose everything. Since the odds of winning are considerably lower, the payout is quite high. The more teams you add to your Parlay, the lower your chances of winning will be but the profit will be higher.
The spread: This bet considers the expected margin of victory of the favorite over the underdog team. If the favorites cover the spread, then you win the bet. If the favorite wins by the expected score on the spread, then the result is a push or tie and you get your money back.
Totals: This simply refers to the expectation of how many points or goals both teams will score in total. If you bet on Lows, it means that you want the score to be lower than the one the bookmaker gave us. If you bet the Highs, you want the combined score of the two to be greater than the number the bookmaker gave us.
2. Start managing your money
You can win a lot from sports betting, but you can also put a lot on the line financially, emotionally, and even physically. Therefore, if you plan to bet on sports, you should take it seriously.
A great way to do this is to separate your betting cash from regular money by starting what is known as a bankroll.
By separating money, you can track progress and know how much you are earning and losing. Having a separate account also means you can gamble without being too anxious about the financial ramifications.
It goes without saying that gambling with the cash you need in daily life is not the best idea. Additionally, keeping accounts separate will allow you to protect yourself against irresponsible gambling.
3. Open accounts at multiple bookmakers
To start betting on sports, you need a place to place your bets. The easiest way to place a bet is through an online betting site.
In the last decade, the online sports betting market has come a long way and there are now countless bookmakers to choose from.
4. Bet what you know
Being a bettor does not necessarily mean you are a sports fan. Some who have sports betting accounts are bettors first and fans second.
Even so, most first-time bettors have some distinct taste. You surely have your own preferences when it comes to sports equipment, and you have your own knowledge of sports.
The smart thing to do is to start betting on the sports you know well. On the other hand, if you know little about a sport but are a good bettor, use that knowledge to make smart bets and gain an advantage over your opponents.
If you don’t know anything at all, experiment with various types of bets, find out what you are good at and take advantage, but also start paying more attention to the sports section. At InstaBet.com we help you with this knowledge process by offering our Sports Predictions as well as Betting Guides like this.
5. Keep it simple
Starting to bet can be exciting and it is very easy to get caught up in all of this.
However, it is not a great idea to immediately jump into the different types of bets. To avoid confusion and frustration, start by sticking to simple bets while learning to spot good bets.
Don’t take yourself too seriously when you’re starting out and think you’ll become a betting master. That will not happen. Take each step at a time by gradually adding new angles and techniques to your repertoire as time goes by.
Also, always remember to stay calm. One of the worst things you can do is try to chase money after a difficult loss.
Don’t let your emotions get in the way, bet wisely and avoid a devastating losing streak. You will certainly lose some bets, some even in a heartbreaking way. The key is to be able to accept losses and wait for the right time to recover them.