Sports Betting is gaining popularity in the US at an impressive rate. Before bettors had to rely on “locals” to take their action on sports, award events or anything you can find a betting angle for. Now, we have legal sportsbooks in the US that depending on the state, can take your action.
You will be shocked to know how many people looked up the chances of Biden winning in the last few days. With these upcoming elections being the buzz at a global level, everyone is paying attention to what the outcome will be and will it be good for the country and their pocketbooks. So with that being said, these are some tips that can keep your units growing.
Know what you are betting on
If you think that this piece of advice is for dummies, think again. Familiarity gives you an advantage any day. If you already know the teams and players and what their tendencies are when on the field, then it makes it easier to predict the outcome and that can make you money.
It is understandable that there are some moments that make you want to take a chance at a game that is entirely alien to you. However, we suggest you bet smaller unit sizes so if the bet does not cash, the loss is not as great and you learn from your mistakes. Also, do a post mortem of your loss. Did you underestimate the teams? Where did you go wrong? These steps will teach you to bet sharper for the next game.
Bet on Facts, Not Heart
What is the difference between a sports bettor and a fan? Sports bettors look at performance, trends, stats and then conclude which side is the most profitable side to bet on and place their bets. Fans love their team regardless of performance and will back them no matter what. When fans bet, they are doing it to show their confidence in their team and not necessarily in making money.
Betting on the US Elections is a perfect example. Many want to bet on the candidate they are voting for to show support. Bettors take a look at projected electoral votes, candidates trends and voting polls to find a betting advantage to make a move on. Once they find that angle, the shop around to find the odds that will pay out the most.
Bet strictly within your budget
If you have just started with sports betting or have been doing it for a while, remember to not to exceed your unit size when placing wagers. Smart sports bettors have a unit size that is manageable and will not eat up all of your savings. So, set aside a sum of money you are comfortable with(Let’s make sure your mortgage/rent, food and bills are paid) and stick to it.
If you find yourself wanting to take some more money out of your day to day budget to cover some losing bets ahead of time, remind yourself that you might be creating a habit which can hurt your quality of life and your betting lifestyle. Be militant with your bankroll management.