Tag Archives: sports betting
How to Win Money Betting on Sports (Page 1 of 2)
Does the title of this article grab you in that sensitive place of your heart and mind? Does it touch a nerve down deep attracting you towards the time you will win and win big? There’s probably a nagging sensation in you that wants to know if there is some art or secret to winning money betting on sports. Others do it and, perhaps, you even know some who claim to win big money. There are magazines and books devoted to all types of sports betting. The theme, however, is how to win money betting on sports.
Betting on sports is a different kind of wagering than say, slot machines, or roulette, or even craps. Sports betting are closely kin to poker. Poker is considered gambling by the uninitiated and, of course, it is in that category. But poker is far more sophisticated than merely playing a hand of cards dealt to you and placing a bet on the table. Poker is a discipline all it’s own and so is sports betting. The two endeavors should be considered first cousins of chance.
It is not unusual to see a good poker player also have a certain degree of success with his sports betting. Both require a good deal of thought, observation, research, and courage. You have to be aggressive and bold in both.
There are some who would love to bet on their favorite team, but lack the basic understanding to do it. But with the Internet you can do an amazing amount of research; with Amazon.com you can purchase books online. You can do the kind of research that will start you on the right road to becoming successful. Success in sports betting is always winning more than you lose. Anything less than that is a failure; this is basic stuff.
After learning a few of the basic rules and forming an overall strategy of betting it becomes very tempting to launch out and bet a bundle. Don’t do that; sports betting, like poker is a game of patience and skill. Take time to learn as much as possible. When you get to the point you think you know the drill then make your wagers on paper. Do this for seven events. Be careful because you are not really playing with money-you might take risks on paper you wouldn’t or shouldn’t take when betting your own cash.
When you are doing paper trades you can burn any number of games. There are lots of teams and lots of games. Some bettors fear if they pass up too many good bets while doing the paper trades they will lose money. Games are like taxis in a large city. If you miss one there will be another one by in a few minutes. Be patient.
If I had to establish an unbreakable rule for how to win money betting on sports it would be: “Become a knowledgeable bettor.” That requires research and research and research. There are no short cuts to winning at sports betting. Oh you can plop down a bet here and there and you may even be lucky and win once or twice. But if you bet without doing the basic research you will soon become disillusioned and quit, or you will bet the farm and have to move out. Don’t do that. Play smart. You can win a lot of money if you do this the right way. You can lose a lot if you don’t.
Sports Betting and Effective Money Management
How do you know that you are spending too much money in a game? Only a long term player in the field can only understand the amount of money you should spend on sports betting. Yes it will really depend on you financial stability and the amount of money you have kept aside for sports betting. The recent studies show that 99% of people are betting too much. There are people spending more than 20% of their bankroll on a single game.
A person having knowledge of sports betting will never risk such an amount. Think that you are offered 10% advantage on a bet of 500 bets. Normally all people will take that bet. There can be 55% winners in the game over a longer period. So when you are spending $100 per bet will end up with $5000 at the end of the game and you earn some easy money in six months. If you are subjected to follow a constraint that limits you to play no more than $500 and suddenly you ran out of money.
You are actually being forced to play above your bankroll. You are virtually sure to go bankrupt in such a situation. You may be able to reach the 55% threshold in the long term but you cannot do anything in a short term basis. You may have to go through 5 to 10 bets without getting any returns. This will be increased to 2 to 18 during the 500 bet sessions.
The limit of 20% from your bankroll will certainly put you in danger and a sensible person will never commit to such constraints. But it is commonly seen that most of the betters are taking this constraint. They play by betting too much of their bankroll. It is seen that that the house wins quite often. From years of experience in sports betting one can easily understand the house wins often because you are investing too much in a game.