Sports Betting Basics Part 2
This article continues from Sports Betting Basics Part 1, which we will summarize here:
1. Never bet the money you can't afford to lose! Never bet more than 2% of your bankroll on any single game.
2. Don't be a sucker - place straight bets only and don't ever make a wager based on emotion or a tip.
3. Research which online sports betting company to use! Do your due dilligence and find an online sportsbook with a solid reputation.
4. Never break the above rules!
In this second part we will go more into individual bet details and psychological aspects of betting on sports:
5. Try not to buy half points (god forbid full point) as with commission going up your chances of being a winning sports bettor will go down. Just look at these stats:
- At even money, $100 to win $100, you need to win 50% of the bets to break even (very doable!)
- At $110 to win $100 (standard NFL commission bookie charges), you need to win 52.6% of the games
- At $135 to win $100 (after buying an important half point), you will need a staggering 67.5% of wins! forgetaboutit!
6. If you loose a quater of your bankroll, stop and have a breather for a week! Don't watch any games either! You will see how after a week you will see everything differently with fresh and relaxed eyes.
7. Do your own thinking regarding the picks you bet if you can. If you must use a handicapper, don't get married to one. Everybody has good and bad runs. Check handicapper thouroughly.
8. Professional players bet more dogs than favorites. Just think about it. Most pro-sport teams are very close in strength and who wins in close matchups is a flip of the coin, so when you bet on the dog, you get more chances to win by getting points.
To be continued...