18 Tips for Successful Betting

Are you looking for sports betting tips that work? We have just the thing: our 18 tips and tricks are here to help you make smarter decisions and avoid mistakes. Many sporting fans may bet on their favourite sports, however, only a few of them are successful in the long run. Below are the basic principles for a successful sports betting strategy:

• The psyche plays an important role
• Each bettor should be knowledgeable to the point of being an expert
• Not underestimating the quality of the quota
• Bet heights should remain stable
• Sports betting is a long-term hobby
• There should always be a limit
• Sports betting bonus offers make starting out easier

All bettors need to be aware that when it comes to sports betting, there is no guarantee for success but there are ways that you can increase your chances and decrease the probability of mistakes. Since betting is a game of odds, your success will be influenced by your level of knowledge when it comes to decision making, as well as, the ins and outs of the betting process. Here are our top betting tips for today that will improve your betting success:

1. Open more than one betting account

Before you can take part in any betting, you first need a betting account. You may be prohibited to only one account per bookmaker, however, nothing prevents users from opening accounts with several betting providers. This allows you access to all the best betting types and bonus deals.

2. Accept bonus offers

It is very unlikely that you will come across a bookmaker that does not offer new users a welcome bonus. This is a common offer that you will almost always be given one upon joining a new provider.

These bonuses tend to be quite lofty in order to promote the likelihood of successful bets. Bonus offers mean that you are more likely to place bets which obviously means that your chances of success are better than not being in the game at all. Bonuses are great; however, you need to always read through the requirements and conditions before accepting a great looking offer. If the sales requirements are tough to meet, then your experience will be disappointing, and you will more likely not be successful in claiming the bonus. This is why being thorough and researching offers is a must as bonuses are meant to be advantageous.

3. Know more than just the basics of betting

If your goal is to be successful in the world of sports betting, you should not only know the fundamentals. This is not to say that the basics are not important, they are, however, they are not all you should be informed about when it comes to sports betting. To increase the likelihood of becoming a successful bettor you need to be able to deal with the topic, dealing with new bet variants, guarantees, pursuing developments, etc.

4. Measure the probabilities

The most important part of betting is the probability of success. The entire process of sports betting involves numerous possibilities that are expressed by betting odds. New users tend to only see the multiplier for their potential win in the odds, whereas players that are more advanced see a probability that the betting provider associates with the particular betting event. The trick here is to learn how a quota increases and what the increase means for you.

5. Check the quotas

What are the correct quotas? Successful bettors often find themselves successful due to being in possession of an advantage over the bookmaker – advanced knowledge. This means that you would have access to recent news regarding aspects like an important player or how a team is looking, basically information that pertains to the result of the game. Such pieces of information have not been taken into consideration by the betting provider when making the quota. If you have made a bet based on the gathering of such information, this would be known as a value bet. The reading and researching news regarding the sport is where the value comes in.

6. Choose single bets

Out of the most common three betting types: system bets, accumulator bets, and single bets, the most popular bet is a single bet. With the popularity of accumulator bets dependant on the player, most experienced bettors will agree that system bets are not as coveted. For this reason, single bets are more commonly used. It may take a little luck and extensive knowledge, but these bets tend to be worth it.

7. Consider live bets

When it comes to live betting strategy, live bets often offer exciting opportunities which make considering partaking in them a good idea. If you are someone that can read a game well and have an idea of which way the game will go, then this is the kind of betting for you. Live bets allow the user to react immediately to current events. If you turn out to be good at predicting the outcomes of live games, then you will find great success. However, be warned that this is a challenging strategy to pick up.

 8. Consider your bet timing

Just like in other industries, time is money in the world of betting. This is why we have crafted this list to help you make well-researched decisions that decrease the chances of time-consuming mistakes. Besides knowing the value of your time, another time-sensitive aspect of sports betting is when the betting odds become available on the market. The sooner you jump on the more attractive bets, the better. If you miss your window, these bets could already be settled.

With this in mind, be aware that early bets hold their own risks at the same time. For instance, if a player injury occurs after you have made your bet, the outcome of the game, as well as, the value of your research could be affected.

9. A small profit is still a profit

A good tip is to be content with even the smallest of profits. This is a simple thing to remember as no matter how small – a profit is still a profit. A good way to start if you are new to the world of gambling is to have more than one small wager on different games, this may not make you rich, but you will learn to get a feel of how things are done, as well as, learn a few lessons without risking large amounts of money.

10. It is a marathon, not a sprint

When it comes to sports betting, it is important to know that fast results often lead to fast losses. If you are looking for a get rich quick scheme, this is not it. If you are willing to have patience and learn the tips of the trade, then you are more likely to see a profit. Quick bets are often reckless bets, keep your head clear and you will avoid a lot of mistakes.

11. Manage your money

A player needs to be able to be adept when it comes to betting money management. There are many different types of bettors out there with different interests and different formulas of success, however, something that every decent player has in common is the ability to manage their funds. A system that works is one that maximises profits and minimises losses.

12. Have a set betting capital

Tying in with the point on money management, users need to have a set betting capital before spending any money. Your starting capital does not need to be too modest, the key is budgeting and making the right calls to keep you in the game for longer. You will not see much success if you blow half of your capital on one bet.  

13. Logical bets only

Any successful bettor knows that they need to keep a clear head. A common mistake among newcomers is having a bet fail, then place what is known as a “frustration bet” out of a mixture of irritation and impatience. These wagers are typically baseless with no research behind them which means that they inevitably fail. This is why a good rule to follow is to only make logical bets.

14. Keep track of your decisions

Sports betting is a professional activity, there is not much fun to be had until you know what you are doing. This is because sports betting involves a lot of analysing and researching games and statistics. An experienced bettor also knows to document all decisions and bets. This is mostly to see where bets went wrong (or right). Even going back months, these records are a good way for you to keep track of betting patterns and results. You can also keep track of your profits this way, where you can link winnings to the ideas and research that led to you placing the successful wager.

15. Exchange ideas

Are betting tipsters good? The bigger the network, the more good tips you can get your hands on. Due to the increasing popularity of the sports betting world, there has been an increase in user contact. This is positive in a number of ways, as mentioned you will be able to share tricks of the trade, as well as, gain knowledge from more experienced bettors. Besides contacting other bettors, having a look at betting tips sites like this one is how you stay at the top of your game.

16. Become an expert in your sport

If you do not know the game on which you are betting inside and out, then you are unlikely to turn a long-term profit. To make successful bets, any knowledge pertaining to the games, as well as, possible changes that may affect the outcome of said games need to be firmly cemented in your mind when it comes to context. In other words, you need to be able to fit the pieces together as if you were dealing with a jigsaw puzzle. To do this, there need to be zero gaps in your game knowledge. This is how you will be able to place analytical bets based on outside data, that fits into the game you are betting on.

17. Watch live games

Linking with the above tip, it is a good idea that you watch actual gameplay in action. This is the step to take on your journey of becoming an expert in your sport. You could even watch games that you have no money on, the point is to hone your analytical skills and practise your predictions. There are other benefits to watching games live, but these are the most important factors that can lead to successful sports bets.

18. Remember that it is just a hobby

Once you get into the swing of things, sports betting gets more fun and exciting. Besides the thrill of winning money, there is a rush that players get when they have made the right call that is best described as exhilarating.

Even though sports betting is fun, you should remember that it is meant to be a hobby. To ensure that you do not get too consumed, you should set a limit on the amount of time you spend on sports betting, including the research and analytical steps of your betting process. Remember that there is such a thing as too much of a good thing. There is a myriad of other reasons that relate to your betting success as well so take our word for it, give yourself a break and let your mind rest – your betting strategy will be all the better for it. With the right approach, everyone has the potential to be successful in sports betting. Follow these tips and tricks and you will be well on your way to turning a profit. Keep your head in the game and remember to be logical, sports betting starts to get really fun when you know what you are doing.