Sports Gambling Guide
Sports gambling guide: Your road to becoming a successful sports bettor Sports betting can be a complicated business, but your best bet might be to keep it as simple as possible.
There are plenty of knowledgeable people out there who fail as sports bettors because they have some sort of fundamental problem.
' They might no trust their own judgment well enough, or perhaps they rely on the advice of others too much.
Some mismanage their money to the point of disaster, while others might hurt their bankroll through taking needless risks.
Here is a guide to success based on few simple steps.
They might be more difficult to follow than they appear, but with a little practice and discipline, all takes is following a few basic guidelines and you will come out a winner.
Manage your money: Set aside a bankroll for your sports betting and do not gamble what you can't afford.
It's recommended that you should never bet more than 5 percent of your total bankroll on one game; the standard amount should be somewhere around 2 percent.
Be careful who you listen to: Any halfway serious sports fan can find the tools he needs to be successful on his own.
The internet and other media outlets offer endless sources of statistics and information.
People who dispense their unsolicited advice do not have your best interests at hand; this task falls to you.
Know your sport: Everyone has a sport that they know better than all the others.
Maybe you grew up playing football and know the game extremely well, or your household always played basketball and this is the game you prefer.
Regardless of the sport you choose, make yourself a specialist.
Very few bettors are successful in every sport.
Like a good tradesman, they specialize in their craft and master that one particular area in which they hold the highest level of expertise.
Developing an advanced knowledge of one particular sport will put you ahead of the game when it comes to beating the oddsmakers.
Do your homework: You should never bet a game without having done your due diligence and research.
Even if you know a sport or a team particularly well, you should always check the injury report and perhaps the team's web site to see if there is any other breaking news you should know about.
For instance, if a star player recently had a death in the family, he might be distracted and not perform up to his usual optimum level.
Failure to know this puts you at a disadvantage.
You should never gamble just to "have action" unless that is simply your goal, and you shouldn't bet very much.
For instance, if you are not a hockey fan but have a friends who loves the NHL, maybe the only way you can watch a game with him is to have action on one of the teams.
This is OK so long as you wager small and consider the bet an entertainment expense separate from your sports betting bankroll.
Keep good records: As with any business venture, paying attention to the bottom line is an important factor.
You could use a spread sheet or simply a pad and paper each day to record how many bets you made and how much money you wagered, and record the won-loss results of your daily bets along with a total sum won or lost.
If you fail to show a profit over a reasonable period of time, it might be time to either adjust your strategies or consider picking a new hobby.
Know when to say when: If you start obsessing over your losses or chase losing best with large wagers, it's time to take a step back.
It's natural for a losing streak to cause some self-doubt, and sometimes all it takes is a step back for a day or two for you to regain your composure and take a fresh approach.
Most of the time, a brief break will help you restore your confidence.
However, if you return to betting and still find yourself overly frustrated by losses or tempted to bet more than you can afford, it might be time to cut your losses and step away for a while.
There are plenty of knowledgeable people out there who fail as sports bettors because they have some sort of fundamental problem.
' They might no trust their own judgment well enough, or perhaps they rely on the advice of others too much.
Some mismanage their money to the point of disaster, while others might hurt their bankroll through taking needless risks.
Here is a guide to success based on few simple steps.
They might be more difficult to follow than they appear, but with a little practice and discipline, all takes is following a few basic guidelines and you will come out a winner.
Manage your money: Set aside a bankroll for your sports betting and do not gamble what you can't afford.
It's recommended that you should never bet more than 5 percent of your total bankroll on one game; the standard amount should be somewhere around 2 percent.
Be careful who you listen to: Any halfway serious sports fan can find the tools he needs to be successful on his own.
The internet and other media outlets offer endless sources of statistics and information.
People who dispense their unsolicited advice do not have your best interests at hand; this task falls to you.
Know your sport: Everyone has a sport that they know better than all the others.
Maybe you grew up playing football and know the game extremely well, or your household always played basketball and this is the game you prefer.
Regardless of the sport you choose, make yourself a specialist.
Very few bettors are successful in every sport.
Like a good tradesman, they specialize in their craft and master that one particular area in which they hold the highest level of expertise.
Developing an advanced knowledge of one particular sport will put you ahead of the game when it comes to beating the oddsmakers.
Do your homework: You should never bet a game without having done your due diligence and research.
Even if you know a sport or a team particularly well, you should always check the injury report and perhaps the team's web site to see if there is any other breaking news you should know about.
For instance, if a star player recently had a death in the family, he might be distracted and not perform up to his usual optimum level.
Failure to know this puts you at a disadvantage.
You should never gamble just to "have action" unless that is simply your goal, and you shouldn't bet very much.
For instance, if you are not a hockey fan but have a friends who loves the NHL, maybe the only way you can watch a game with him is to have action on one of the teams.
This is OK so long as you wager small and consider the bet an entertainment expense separate from your sports betting bankroll.
Keep good records: As with any business venture, paying attention to the bottom line is an important factor.
You could use a spread sheet or simply a pad and paper each day to record how many bets you made and how much money you wagered, and record the won-loss results of your daily bets along with a total sum won or lost.
If you fail to show a profit over a reasonable period of time, it might be time to either adjust your strategies or consider picking a new hobby.
Know when to say when: If you start obsessing over your losses or chase losing best with large wagers, it's time to take a step back.
It's natural for a losing streak to cause some self-doubt, and sometimes all it takes is a step back for a day or two for you to regain your composure and take a fresh approach.
Most of the time, a brief break will help you restore your confidence.
However, if you return to betting and still find yourself overly frustrated by losses or tempted to bet more than you can afford, it might be time to cut your losses and step away for a while.