Sports Betting Strategy [5 Tested Strategies + Betting Tips]
August 23, 2022
If you’re looking for a sports betting strategy that can help you make money, then you’ve come to the right place.
In this article, we will discuss some of the best tips and tricks for online sports betting. We’ll also talk about how to manage your money and protect your bankroll. So whether you’re a beginner or a seasoned pro, these tips will help you improve your chances of winning!
Sports Betting Strategy [Essentials]
Let’s discuss some of the basic and tested strategies that people use when betting on sports. Make sure you don’t change your strategies too frequently as it can reduce your chances of winning.
Sports Betting Hedging Strategy
Hedging is a strategy that you can use to minimize your losses. To illustrate how this works, let’s say that you bet $100 on the New England Patriots to win the Super Bowl. However, as the game progresses, it becomes clear that the Patriots are going to lose. To hedge your bet, you could bet $100 on the Los Angeles Rams to win. If the Patriots do indeed lose, you’ll lose your original bet. But since you also bet on the Rams to win, you’ll not lose money. This strategy will minimize your losses and give you a chance to make some money even if your original bet doesn’t pan out.
|DID YOU KNOW: Arbitrage is a form of betting that works in a similar way. In this method, you take advantage of the differences in odds to make a profit.|
Sports Betting Handicapping Strategy
Another good strategy to make money on sports betting is handicapping. Handicapping simply means trying to predict the outcome of a game. For example, let’s say that you’re looking at a matchup between the New England Patriots and the Los Angeles Rams. You might try to handicap the game by looking at the two teams’ records, their recent performances, determining which is the long-term winner, and the weather conditions. Based on this information, you may predict that the Patriots are going to win. If you’re right, you’ll make money!
Sports Betting Underdog Strategy
This is probably one of the most popular sports betting tested strategies. It’s also called “fading the public” or “betting against the masses.” The basic premise is to bet against the team that the majority of bettors are backing. Since they’re backed by so many people, they become overvalued in the betting market.
Sportsbooks want to balance the bets on both teams. Ideally, they should have equal bets for both teams so they don’t incur any losses. In reality, it is quite difficult to do, so they move lines to balance the money. This gives casual bettors a better chance of winning, but it also creates value for sharp bettors who take the other side.
Online Sports Betting Strategy
The first thing to remember when betting online is to choose a reputable sportsbook or a good sports betting app (you can dig through our betting reviews archive to learn which are the best out there). There are a lot of shady operators out there, and it’s important to bet with one that is trustworthy and has a good reputation.
Another strategy for betting on sports online is to take advantage of bonuses and promotions. Most online sportsbooks offer some sort of bonus for beginner bettors, and it’s important to take advantage of these when you can. Many books also offer to reload bonuses for existing customers, so it’s always worth checking to see if you can get a little extra value.
Finally, an important online sports betting winning strategy is properly managing your bankroll. It’s easy to get caught up in the excitement of betting, especially for winning bettors. This can cause you to make impulsive bets that you might not otherwise have made if you were betting with cash. This is also true for live betting where you’re presented with new options every second! Keep a cool mind and think before you place bets.
|DID YOU KNOW: The industry revenue forecast for betting in the USA for 2025 is around $8 billion! So make sure you find the right strategy to win some profits!|
|The best sports betting strategy in 2022 would be the one you can stick to. Changing your strategies too often can decrease your chances of winning.|
|Using a hedging strategy can help you minimize your losses as you also bet on the opposite team.|
|Using handicapping strategy simply means trying to predict the outcome of a game by researching well.|
|Another strategy used is the underdog strategy where you bet against the team that the majority of bettors are backing.|
|Lastly, it’s important to choose a reputable sportsbook for online sports betting and take advantage of any available bonuses.|
Sports Betting Tips
Once you choose the right professional sports betting strategy, make sure to also keep these tips in mind while betting:
1. Manage Your Money
This is one of the most important and basic aspects of sports betting. Without proper money management, you will go broke very quickly. That’s why it’s important to be responsible with your money and stick to your set budget. The money you set aside is referred to as your ‘bankroll’. You should ideally bet only 1%-5% of your bankroll as part of efficient bankroll management.
Remember to always bet and gamble responsibly, wager only what you can afford to lose, and never chase your losses. Most beginners make this mistake – they increase the size of their bets to make up for the losses. This is not the right strategy for sports betting and can make you lose even more money.
Also, be sure to track your wins and losses so that you can adjust your betting strategy accordingly.
|DID YOU KNOW: Sports betting was legalized in the USA in 2018. This legalization also initiated the sports betting tax that people have to pay when they win!|
2. Bet Sober
This tip might sound too obvious but you’d be surprised to know how many people actually make bets while drunk. There’s a reason why most casinos serve free drinks. We don’t want to sound like a party pooper but alcohol and gambling don’t mix, and you’re more likely to make foolish decisions when you’re under the influence. So if you want to win, be sure to keep a clear head.
3. Don’t Get Emotional
Another profitable sports betting strategy is to remember that sports betting is a game of skill and luck. Don’t let your emotions get the best of you. If you’re winning, don’t get cocky, and if you’re losing, don’t get depressed. Moreover, don’t place bets simply because it’s your favorite team or your favorite player. Just keep your head up and focus on making smart bets.
4. Research Well
One of the best things you can do to improve your chances of winning is to do your research. Know the teams, the players, and the matchups inside and out. This is one of the best sports betting tips and strategies as the more you know, the better your chances.
You can also look for trends and find edges that you can exploit using several online tools. There are many trend analysis software options that can give you accurate stats for a small fee and advise you to help you earn a consistent profit! Make sure you do your research before placing bets when the sports betting season arrives or every strategy will ultimately become a bad strategy with the lack of research!
5. Line Shopping
Another important aspect of a good sports betting strategy is line shopping. This simply means checking different sportsbooks for the best odds. By shopping around, you can ensure that you’re getting the best bang for your buck. And always remember to check for bonuses and promotions. Many sportsbooks offer great deals that can help you boost your bankroll. So be sure to take advantage of them!
6. Focus on One Team or Sports
Finally, it’s also best to focus on one team or sport. Trying to bet on too many things will only lead to confusion and frustration. Stick to the teams and sports that you know best, and you’ll be more likely to make money.
|DID YOU KNOW: The NFL championship game is the biggest football game of the year and is also the game on which the most sporting bets are placed in the US!|
A Few Words of Precaution
If you think you or someone you know may have a gambling problem, there are some signs to look for. These can include betting more money than you can afford to lose, chasing losses, and lying about gambling.
A good strategy for making a profit on sports betting is to stop betting if you’re experiencing any of these symptoms and seek help from a professional. There are a number of resources available. If you’re not sure where to start, try some of the hotlines that can help, including the National Problem Gambling Helpline at 1800-522-4700.
No matter what betting strategy you use, it’s important to remember that gambling should be fun. It’s only a problem if it starts to impact your life in a negative way. If you think you may have a problem, seek help.
Sports betting can be a fun and exciting way to make money. If you’re wondering what is the best sports betting strategy, it’s important to do your research and find the one that works for you. There are a number of different betting strategies, including hedging, handicapping live betting, and underdog betting.
However, it’s important to remember that there’s always the potential to lose money, as with any betting.
The best betting strategy will vary depending on the sport you are betting on and your own personal preferences. However, some popular strategies include hedging, live betting, and underdog betting.
Some people find that they are more successful when betting on one particular sport, while others do better when they spread their bets across multiple sports. It’s important to research well before betting on any sport, however.
There is no sports betting strategy that is guaranteed to make you money. However, some strategies may be more successful than others like hedging, handicapping, or underdog strategies.