6 Tips That Will Give You The Best Start
Even as a beginner, your attitude to sports betting is extremely important. Many bettors waste a lot of time searching for a magical system or the perfect strategy that is going to guarantee them the riches.
Unfortunately, things are a bit more complicated in reality but definitely doable.
This article offers several tips targeted mainly at beginners but anyone could find something useful in them.
Follow this advice to save yourself the money, nerve, and most of all the time wasted looking for information.
Be Prepared to Lose
Even the best and most successful bettors in the world lose money and this is normal. Even if you bet on the favourites and the odds are under 1.1, the chance of getting it always right is zero. Sport is too unpredictable and lots of variables affect the final outcome.
I am saying this so that you can form the right attitude as early as the very beginning. There is no way you can always get it right, and there will always be losing streaks. Remember, though, that if you approach betting in the right way, you will become successful in time.
Do Your Homework
Information is the most powerful weapon in sports betting. The more you know, the more likely it is to make the right prediction what might happen, which could result in greater winnings.
You don’t have to spend hours and days analysing any bit of statistics you dig out but if you form a habit of making even the most basic of analyses, that will dramatically improve your understanding of sports betting. Take a look at this article to find out about my analysis in several points.
Speaking of analyses, you need to at least be up to date with the latest news and current form of the teams. All the major championships are on TV and they do a digest of the past matches after each round. These are just a couple of hours per week but they are going to keep you up to date with the major trends in the clubs.
The time that you dedicate to analysis is directly related to your profit in the long term. Remember that it might seem beyond your abilities only in the beginning; as long as you do it bit by bit, it will get easier.
Just don’t throw yourself in at the deep end right from the start and don’t spend all your time searching for and analysing information.
Narrow Down What You Bet On
You might as well be an expert in multiple sports but in reality most people are not. Your profit will always be greater if you bet on a sport you know well and have information about. Hence, narrow down the sports you bet on.
If you are a big fan of basketball, know the game well and follow the teams, it makes sense to specialise in basketball betting.
Of course, that doesn’t mean turning a blind eye to everything else. Be on the lookout for good betting opportunities in other sports too but stay focused on what you know best.
Online betting offers a lot more advantages than its brick-and-mortar counterpart. First and foremost, whatever you have decided to bet on, odds online are MUCH better.
Take a look at Why It is Advisable to Have Multiple Registrations.
Furthermore, online bookmakers add a lot of value through promotions, bonuses and awards. More on bonuses is available HERE.
These extras affect to a great extent how much money you are going to make in the long term.
If you are betting online, make sure you are using the best bookmakers, along with having ample registrations for access to the best odds.
You can take a look at the section on Bookmakers and their reviews.
Experiment and Keep Records
Don’t ever limit yourself to a single strategy. Keep experimenting with new ideas and bets. I use 3 major betting strategies but I never stop trying out new ones.
I do it on paper simply choosing a system and putting down the matches along with the outcomes I would potentially bet on. Once I have accumulated around 300 wagers, I analyse them in more detail. If it turns out the system is promising and yields results, I start testing it by staking small amounts of real money until I am certain it works.
It is important to think long term because no matter how successful a strategy is, you will inevitably face losing streaks, and many bettors give up as early as the first one. Hence, play on paper before staking real money.
Another important thing to consider is to start keeping records of the wagers you place as early as possible. That way you will be able to analyse and improve your performance. There is a separate article on record-keeping.
Be Patient and Disciplined
Frankly speaking, 95% of those who start betting fail here. I know so many good specialists who predict lots of matches successfully at great odds but when it comes to betting, they are a complete disaster simply because they lack discipline.
Patience is an essential skill in sports betting, especially for beginners. I know it could be very embarrassing and annoying not to start winning from day one but that’s life and if you fail to be patient and stop learning, you will waste lots of money and nerve.
The only way to achieve success is to dedicate enough time to learning and mastering the necessary skills.
Discipline is an equally important factor. If you lack the self-control to wager a designated bankroll and are unable to make rational decisions without succumbing to emotions, then you will be losing hell a lot of money.
Good discipline will help you place the right bets at the right moment.
These tips merely form the foundation you can build your betting skills upon. If you follow this advice, it will help you avoid the costly mistakes beginners often make. Just keep learning and improving your skills.
I can only assure you that if you put enough motivation and effort into sports betting, you might or might not make a fortune but at least you will be earning enough not to have to go to work.