- Know the sport.
You want to have fun and make some money but you also need to remember important that you don’t get involved into things too quickly. If you’re in it to have some fun then don’t pay much mind to what’s happening. If you’re trying to make money then an intricate understanding of what is going on down on the pitch is going to be vital knowledge. Watch a few race or bouts or games or matches etc prior to starting your betting career so as to familiarise yourself with the sport.
- Know what’s going on off the pitch and outside the stadium
In most sports there’s a lot going on outside of the gaze of the public: administrative changes, managers getting hired and fired, hasty line-up changes, injuries, and even the mental and emotional state of players. A rough time in a colleague’s personal life can mean their spirit isn’t in their job, and it’s no different for athlete’s just because they have a markedly different job than the average person. Having as much information as you can prior to placing a bet on the game de jure will make all the difference in the end. While remembering to respect athlete’s private lives try to find out what’s been going on in the lives of the athletes, the teams, and any management. Where possible, see if you can’t talk to former athletes and to get information about what affects game-play straight from the horse’s mouth. Never a bad idea to have detailed information when money is at stake.
3.Understand how odds work and why they are there.
Often the novice gambler places small bets with big pay-offs. While this is undeniably rewarding and exciting if you win, it’s vital to keep in mind that the odds aren’t that way on a whim. If something pays out one thousand to one, it’s extremely likely you’re not going to win that bet. If the money you’re investing in the bet is minimal and you don’t mind in essence throwing that money away, go right ahead, but it’s a very unsound gambling strategy.
- Location, Location, Location
It’s the rule when you’re buying a house and it’s the rule when you’re placing a bet! Never underestimate location when talking about a sporting event. Owing to changes in humidity or temperature or things like altitude as well can put a visiting team at a great disadvantage. These changes, even if seemingly minute on the surface, can have huge impacts on the performance of players–mentally and emotionally as well as physically. Factors like this aren’t usually discussed much in the media, so you may have to do a bit of research, but if it gives you the edge when you bet it will be well worth it!
- Sometimes (but not all the time) go with your instincts
We all have our systems, but ultimately it is still a gamble. A literal gamble. Risk and uncertainty are inevitable traits to gambling. In fact, that’s what attracts so many people to sports betting as a whole. Most people–quite likely everyone who bets–prefers to win than to lose. Being methodically and approaching betting from a professional point of view is your best chance of making money. At the end of the day though, if all things are equal and it’s exceedingly difficult to make a call, then sometimes you’ll just have to go with your gut (but don’t make a habit of it!)