Did you know that the online sports gambling industry is currently worth $37.9 billion?
Sports fans spend money in many ways: tickets, apparel, memorabilia, and more. The average sports fan spends $725 a year fueling his or her passion.
Rather than just spending money on your love of the game, what if you could make money? Do you have a gut feeling that you’ve got what it takes? Know where to find the best free betting picks?
If betting on sports is new to you and you feel a little overwhelmed, we’ve got you covered. Here are 5 simple steps to becoming a better gambler!
1. Manage Your Money and Set a Budget
This tip is the simplest from our list. The last thing you want to do is run out of money.
Set yourself up for success by setting a realistic budget for each of your sports gambling outings.
Having sufficient bankroll is the name of the game when betting on sports. You want to ensure your ability to continue betting, in case you encounter a losing streak.
A good figure to start with is having a bankroll that is equal to 100 times your starting bet. Be conservative.
Remember that you are in this for the long tail, not the short term. Manage your money based on a long-term strategy. Sports gambling is not a “get rich quick” scheme.
2. Do Your Research
It’s best to start out by picking a sport that you are very familiar with and then become an expert.
It’s not enough to be following a team’s record. Learn how each team is playing. Pay attention to offense and defense. Is a basketball team shooting 3 point shots all game? Did a team keep possession of the ball longer than their opponents?
Pay attention to gameplay in both offense and defense.
Is a basketball team shooting 3 point shots all game? Did a team keep possession of the ball longer than their opponents?
Did a team keep possession of the ball longer than their opponents?
Ask yourself questions like these in your chosen sport to sharpen your bets.
When you’ve mastered your sport, then you can move on to other markets.
3. Learn About the Industry
Familiarize yourself with the terminology of sports betting.
Search for a bookmaker to place bets. Don’t rush to choose.
Read reviews and ask around.
Be sure you feel comfortable and safe with your sportsbook.
Consider having multiple books to make bets with, so that you can always choose the best line possible.
4. Follow the Picks – Start with Free Betting Picks
No matter what sport you choose to gamble on, following the picks each week is crucial. You can start by using free betting picks or pay for picks.
Let your research and knowledge of the sport inform your betting as you review the picks each week.
You can search online to find the picks for leagues like the NBA, NFL, MLB, and even horse racing!
Here is a word of caution: the pick favored to win does not always win!
Bet carefully and be selective on the number of bets you place. Remember the long game, not the short term.
5. Bet with Your Heart and You’ll Be Heartbroken
This piece of advice may seem obvious, but it’s worth mentioning.
Everyone wants to see their hometown team win.
Don’t make a mistake of placing reckless future bets on your hometown team.
If you do your research and are carefully following the odds, you will steer clear of this fatal mistake.
With these 5 simple steps, some free betting picks, and solid research in your arsenal, you will be on your way to becoming a better gambler and profiting from your passion for sports!