If you want to start betting on sports online, in this article you will find some tips to help get you started and hopefully make you a little money in the process. Before you make any deposits to the online kerry899 sportsbooks, do a little research, read reviews from other bettors and try to find a good first time deposit bonus. If the sportsbooks are offering free money to bring in new customers, make sure you take advantage of it.
So now let’s talk about how you could bet a $50 deposit on college or NFL football games. Most betting systems say to bet 1% of your bankroll on a side or spread. How exciting would it be to bet 50 cents on a game? You spend that much upgrading your fast food meal with cheese and bacon.
But that does not mean you would bet $25 or all $50 on one game. Unless you are only interested in betting on the big games like the BCS national championship game or the Super Bowl. I am assuming you would like to stay in action and have money in play for the whole season.
$5 may not sound like a lot but if you are new to sports betting, you would be surprised at how much you pay attention to the game when you have some money riding on the outcome. I didn’t think $5 was a lot in the beginning either but you better believe I would keep checking the scores of the games I had money on all through the day.
If a team was about to cover the spread I was cheering a little bit more to either have the team go for the TD instead of kicking a FG. Or if i had a over under bet I would be there yelling for the team to run up the score to go over and have my bet win or to play some defense and keep the total under. It’s the same way for basketball games.
You want to use proper bankroll management to make sure you stay in action. If you double your $50 to $100 then you can increase your bet size proportionally. And if you happen to lose 5 bets at $5 each and your bankroll is now $25 you have to decrease your bet size to give yourself a chance to recover or else you will go broke and have to deposit again. If you are looking to make money from sports betting online, the explosion in online bookmakers available in the uk, and the popularity of betting exchanges, in particular Betfair, has meant that there has never been a better time to make regular, sustainable profits. If you are well prepared and disciplined, the following tips will help you make your sports betting pay:
In exactly the same way as you would look for the best deal when buying goods, make sure you always look for the best available odds on any event you are betting on. Even a small overall percentage increase in the average odds you are able to bet at can be sufficient to make the difference between long term losses or profits. Wherever possible, always take advantage of the “best odds guaranteed” offers which are now commonplace on horse racing betting at many UK online sports books. Simply put, if the odds on the horse you have chosen increase before the race is run, the bookmaker will pay out any winning bets at the higher price.
One of the most common mistakes that will cause you to lose money when you are betting on sport, is placing too many bets. The serious sports gambler understands that there are many bets that are more favourable to the bookmaker, and avoids these, betting only when they feel the opportunity represents value. A classic example is the “each way steal”, a bet that puts the odds firmly in your favour, only occurs very occasionally, and is a bet that the bookmakers despise. There are many successful gamblers who base their betting portfolio around this one method which will statistically always produce a profit over the long-term.
In the same way that a days fluctuation in stock market prices is irrelevant in determining the overall profitability of a financial investment, a losing bet, day or week should always be kept in perspective. If you have done your homework, can prove the long-term profitability of a system, and stick to the rules, any losses should be viewed simply as an essential expense incurred in producing the eventual profits. This is especially important to avoid the mistake of chasing losses during the inevitable losing runs that occur in even the most successful systems.
The successful professional gambler will always approach their betting as a business, keep meticulous records and always take a long-term view of the accumulation of profits. The key will be in identifying the methods that will provide the profits, being disciplined in your approach, always obtaining the best value and sticking to the rules that are statistically proven to produce betting profits.