4 Simple Rules To Bet On Sports

Using the right strategies on sports betting is certain to help with long-term success, and make the entire process more fun and enjoyable. Plus, it benefits to have a suitable bankroll that is capable of absorbing the inevitable losses. Here are four of the simple rules to follow:

Learn basic math

While there are plenty of gamblers that seem to do well by betting on a feel or instinct, the best long-term approach is having the ability to create a proper staking plan. Also, it makes it easier to calculate the probability of success when able to fully understand what the odds mean. Gambling is a numbers game, so the ability to quickly do multiplication or division at a basic level is certain to benefit.

Don’t celebrate too long or dwell on the past

Try to avoid letting past winning or losing runs influence your typical staking plan. Even after experiencing a losing run of four or five games, it is still best to stick with your analysis that has brought success in the past. Also, for those lucky enough to go on a long winning streak, this shouldn’t give a false sense of confidence and lead to the excessive bets that can over extend. The most practical long-term rule is to simply stick with your plan and bet the sensible and affordable amounts.

Multiple betting options

Signing up to multiple sportsbooks makes it possible to compare and get the best possible odds. If you only use a single sportsbook you are certain to be limiting your chances of getting the best returns on your investment. A typical portfolio can benefit from having at least five or six sportsbooks.

Also, there are certain mainstream sportsbooks that may restrict the account for long-term winners, so it is worthwhile doing a little research to check the reputation of the different options.

Long-term sensibility

Long-term sensibility and discipline is essential when it concerns gambling. This activity shouldn’t be seen as a get rich quick scheme. It is a lot more practical to think long-term. Even if you are only able to start with a small bankroll, the slow and steady approach gives a greater opportunity to slowly build up the betting bankroll, and at the same time steadily up the stake for each bet. If you are able to look at the long-term, this makes it easier to enjoy this activity for longer and make some nice pocket-money in the process.

The Eight Basic Rules of Sports Gambling

The below are the rules that avoid most common mistakes made by sports gamblers. Follow these 8 basic rules and you will find your sports betting balance growing quickly:

1. Never, no matter what, bet more than you can afford to lose.

2. Always bet no more than 2.5% to 3.5% of your balance per wager. For example, if your wagering account balance is $1,000.00. You would not bet more than $25.00 or $35.00 per bet.

3. Only increase the amount you bet per wager once you have increased your balance by 25%. For example, if your starting balance was $1,000.00 you would bet $25.00 per bet until you reached $1,250.00. At this point you would increase the amount you wager per bet to $31.00 per wager. You would continue to wager $31.00 per bet until your balance increased again by 25% (when it hit $1,560.00).

4. Never decrease the amount you wager per contest. This is a sure fire recipe for dissaster.

5. Always play the same amount on every wager. In other words, do NOT play $25.00 on one game and $15.00 on another game. Bet 2.5% of your balance on every play you make.

6. Do not play parlays. Parlays have great payouts, but the odds of winning and the Return on Investment (ROI%) can be poor. If you want to play a parlay for the potential big payout, play less than 1% of your balance on the parlay.

7. Track your Return on Investment (ROI%). Return on Investment is a mathematic formula that tells you how much money you win for every dollar that you bet. For example if your ROI% is 50%, then for every $1.00 you bet you win $0.50 (or for every $100.00 you bet, you win $50.00). ROI% is expressed as a percentage and is figured by dividing the total amount of your winnings by the total amount you have wagered.

8. Track your ROI% on each sport individually. You will learn your strengths and weaknesses.