Betting on sports can be a lucrative endeavor. Of course, it can also lead to crushing defeat and major financial losses.
Many people tend to assume that sports betting is a lot easier than it actually is. In fact, since 2018, more than $20 billion has been bet with U.S. sportsbooks in 2021 and going into 2022.
However, there are sports betting strategies that you can master in order to boost your odds of making a profit. Are you interested in learning what those strategies are? If so, then keep on reading and we'll take you through the top sports betting strategies that you need to know in order to get rich.
1. Focus On One Team
On any given day, you're likely to come across hundreds of betting lines throughout various sports. With so much differentiation out there, it's easy to get lured into making several bets on various teams.
This is totally fine if you are a casual bettor who has a lot of money in the bank. But it won't give you a good chance to learn enough to make a smart bet.
If you are a new bettor, then you should just stick to focusing on one team. This will help you gain in-depth knowledge of the team and you can make sure that you don't spread yourself too thin.
Once you pick your team, you should record every game and then closely watch the games for coaching and player tendencies. You only need to pick up on a couple of these tendencies to get an edge over your average bettor.
If you really love sports betting, then start following a new team after each season. However, you need to stick with that one team throughout the whole season.
It's probably a good idea to not pick your favorite team. This will stop you from getting too emotionally involved. After all, it could be difficult for you to bet against a team that you want to win deep down.
By following a team that doesn't mean a lot to you, you'll be able to watch them much more analytically.
2. Fade the Public
This strategy is fairly easy and straightforward. Here, you just need to bet against whatever the public favors.
The idea behind this is that sportsbooks shade lines to reflect what they think the public will do. After all, the goal of a sportsbook is to set lines that draw 50/50 action, not predict what the outcome will be.
This can end up leading to a couple of soft lines. So, if you against the public, you'll get an edge. But how do you figure out how the public is favoring?
Sportsbooks don't release reports on betting platforms. So you need to get involved and do some research.
First, you want to ask yourself if a perennial winner is involved. This can be a team like the Golden State Warriors, New England Patriots, or New York Yankees. These are teams with long-time successful franchises.
If the team has a passionate fan base, then the public is more likely to bet on those teams. The same can be said for star players. Lebron James and Tom Brady always draw attention and bettors.
You want to find games where it looks like the public adoration is affecting the betting action. Then, be a contrarian and bet the opposite way.
3. Only Bet One to Two Percent of Your Bankroll
Many low-stakes sports bettors will put a lot of their bankroll into every bet. However, if you really want to up your sports betting game, you will need to limit how much money you spend on each bet. This is because sports betting is a streaking activity, and even the best bettors can go through extended losing streaks.
Skilled bettors will only put one to two percent of their bankroll into each bet. This will lower their risks of running out of money.
If you have a very small bankroll, then you may just need to bet the minimum amount for now.
You should also take advantage of sports betting offers and bonuses.
4. Use Software to Create Advanced Strategies
You can buy software from companies to help you develop your own specific strategies. These programs create massive databases that include categories such as:
• if a specific team is the favorite or underdog
• what month or year they played in
• team vs. team
• money line range
• opponent rank
• conference team rank
By putting in your relevant variables, you can see how teams match up against certain opponents. You'll also be able to recognize trends that the public doesn't realize.
On a more basic level, you can find free database calculators online that give you a good number of options.
With all of the tools available to bettors today, you should use software and database programs to help you spot trends and put specific strategies together.
These sports betting programs might seem intimidating at first. However, if you get familiar with these bettor tools, you'll soon get a feel for how it all works.
The Importance of Knowing These Sports Betting Strategies
Hopefully, after reading the above article, you now have a better idea of the best sports betting strategies to make yourself rich. As we can see, you need to dedicate a lot of time and research to the cause. But your hard work should pay off handsomely with big wins on big bets.
Are you looking to read other helpful articles on successful sports betting strategies like this one? If so, then make sure to check out the rest of our site today for more articles on sports betting and casino gambling.
