Creating a sports betting strategy is not as complicated as it might sound, and if you follow our top 5 tips, you’ll be betting like a pro in no time. These tip are designed to make you a better bettor, help you place solid bets and to win big more often!
Find the Best Online Sportsbook
The first step to developing a strong betting strategy is finding the most suitable online sportsbook.
When deciding on a favourite online sportsbook, there are a few things you should take a look at, such as the range of sports, the bonuses on offer, as well as the banking options. Once you’ve find an online sportsbook that ticks all those boxes, create an account and implement your sports betting strategy.
Bet with your Head, Not Heart
This tip to a reliable sports betting strategy comes in at number 2 as this is quite possibly the most important part of finding what works for you. While you may find yourself wishing with all your heart that a team ranked 15th will take the next Rugby World Cup, placing a future bet on this outcome may see fantastic odds, but the chances of it happening are rather low.
The most successful punters prefer to ignore their heart and instead focus on the numbers, exploiting any edge they can find.
Educated Yourself on a Specific Market
In order to establish an effective sports betting strategy, punters will be most successful if they focus on 1 or 2 betting markets instead of a whole bunch, as you don’t want to be known as Jack of All Trades, Master of None. Decide on a few markets to focus on and learn as much as you possibly can about the top-ranked teams or up and coming athletes. You effectively have to become an expert on the chosen sport/s which will make wagering that much easier or look at an online sports betting guide.
Shop the Odds
Once you’ve found your favourite sportsbook, this doesn’t mean that you should ignore all other sportsbooks, as you will have more success by shopping the odds. Start by checking wagers and odds on a specific upcoming match and compare these numbers with other online sportsbooks. You want to ensure that you are getting the best possible return on your investment, and you won’t be achieving this unless you place the wager which guarantees you the highest return possible.
This is why many Australian punters opt to have accounts at multiple online sportsbooks, as this will go a long way to developing a good sports betting strategy.
Manage your Bankroll Appropriately
Our last tip for developing a reliable sports betting strategy involves the proper management of your bankroll. Your bankroll is an amount of money of your choice, which is designated for a specific amount of time, be it a week or a month. The best advice we have come across thus far is that you should never place a single wager which constitutes more than 5% of your total bankroll. For example, if your bankroll is $100, you shouldn’t place a single wager of more than $5 in cricket, online Crown Oaks betting or any other option.
Hopefully our sports betting tips have taken you one step closer to sports wagering success.