Sports Betting Tips: How to Bet on Sports Successfully

Posted by nick_niesen on October 26th, 2010

Sports betting is one of the most exciting types of gambling. The suspense, the tension, the great satisfaction when it turns out that you have made the correct prediction, not to mention the added bonus of winning cash money… Even if you are not a particular sports fan, betting on sports certainly adds an interest in sports.

There is more than one way to bet on sports. You can choose between flying to Vegas and placing a bet at one of the flashy casino sportsbook while watching sports on big plasma screens, staying at home and wagering at one of the thousands of online sportsbooks available on the net, at your neighborhood bookie, your office pool… Wherever you choose to wager, here are some useful sports betting tips.

Sports betting is a game of skill, which takes years of learning and practicing to master and still, even professional gamblers who make their living from betting on sports, lose. It basically means two things: first, intuition and luck are great benefits in sports betting as in other types of gambling, but if you rely exclusively on them, you are doomed to lose lots of money. Second, restrain your expectations and try to have fun.

In sports betting, as in most types of gambling, the advantage is not on your side. However, the knowledgeable bettor has better odds of enjoying a successful sports betting experience than the spontaneous gambler who places a bet following his gut feeling and wishful thinking. Therefore, do your homework and make sure you understand the basics of sports betting.

Learn everything you can about the odds, the type of sports, the teams or players who take part in the match you are betting on. All the information you are seeking is available online within a mouse click distance, so there is no reason to be lazy about it.

If you are betting online, choose only reputable online sportsbooks that have been around for at least a year, are licensed, regulated and members of a gambling association, so if you will not be paid on time, or at all, at least you would have an address for your complaints.

Limit yourself to a small selection of games to wager on. The more games you pick the lower the chances of stepping out as winner.

While you choose, make sure that you know why you making your specific decision. Again, giving full trust to your intuition and or your emotion as a sports fan is the best strategy to empty your bankroll.
If you cannot help but wagering on your favorite team regardless to the odds and to the basic common sense, at least make it minimal: place small amount of money so you would still be able to have fun watching the game.

If, God forbid, you lose, do not be tempted to bet more or you will end up in an endless circle of chasing your bets. Trust me; you do not want to go there.

If you win big time, do not invest your entire winning on betting at once. It will be wiser and more responsible to be satisfied with betting only a certain portion of your winning.

Remember, proportion is a key word. Taking everything in proportion, including when winning, losing your money and or watching your favorite team lose, is the best strategy to minimize the financial and emotional damage.
and do not forget to have fun!


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