Create a Sports Betting Strategy that Works
By Space Coast Daily // September 3, 2020
take your sports betting to the next level
If you want to turn sports betting from a frivolous hobby into a lucrative side hustle, you need to create a betting strategy.
Successful sports bettors all have one thing in common, they treat sports betting like a business.
Not all sports bettors follow an identical strategy, but most incorporate a few essential elements.
In this article, we’re going to reveal some of those elements in order to give you a head start on creating a betting strategy that works for you.
However, if you are a total newbie to the world of sports betting, you should start off by reading a betting guide, like the one at https://mrcasinova.com/betting/.
Don’t Break the Bank
Arguably, the most important place to start when creating an effective betting strategy is with the money. Your bankroll is your most important asset, without it you’re going nowhere fast.
Learning to manage your bankroll will stand you in good stead throughout your sports betting career. The cardinal rule is that you should only ever bet what you can afford to lose.
It is easy to lose track of what you’re spending on sports bets if you’re just drawing directly from your bank account. We recommend setting up a separate account, an e-wallet, for example, and only using the money in that account to place bets.
Most successful bettors will tell you that the best way to stretch out your betting funds is by making small bets, especially when you’re just starting out.
A good rule of thumb to stick to is make individual bets of no higher than 1% of your total betting budget. In other words, if your bankroll is sitting at 2000, each bet you make should be no bigger that 20.
And if you hit a losing streak, don’t give in to the temptation to make one large bet in the hope of covering your losses. This almost never works.
Know Your Sport
If you want to be successful at sports betting, you need to know your sport inside and out. For more information visit scores, news, and betting lines.
The general advice is to stick to betting one just one sport, or at least one sport per season. That way, you can devote a good deal of time to your research. We recommend that you get really nerdy about taking notes.
Put together a file every season that includes information on every team (we’ll concentrate on team sports here, but the same research should be done for non-team related sports).
You should know each team’s strengths and weaknesses, you should know who their star players are and whether or not said players are on form.
You should know if any of the players have suffered injuries this season (and last season).
You should look at each team’s performance over the last few seasons in order to gauge whether or not a team is on an upward trajectory or in downward spiral.
The more detailed your research, the better prepared you will be to make educated bets.
Head Over Heart Every Time
You’ve probably heard this before, but we feel it can’t be stressed strongly enough. Betting with your heart is the quickest way to go broke.
You have to accept that your favorite team is not always going to be the team that is most likely to win. Loyalty is understandable, but blind loyalty is expensive.
In fact, many successful sports bettors don’t bet on their favourite sports at all. It might be wise to choose a sport with which you have no emotional connection. If you’re a die-hard football fan, then perhaps turn your betting attention to baseball or basketball.
That way, you can enjoy your football games as a fan and not as someone with a vested interest. And when it comes to betting with your head, make sure you keep your head straight.
In other words, don’t drink on the job, and don’t stay up all night gambling.
The biggest mistakes usually arise at the end of a very long night, when you’re half a bottle of whisky down and you’re betting with your gut instead of your brain. Have fun but stay focused.