Five Tips on How to Bet on Sports Like a Pro
Betting Like a Pro – Here’s How to Do It
For most people, sports betting is just a hobby. They bet on their favorite teams, thus spicing up their experience. However, there is a small percentage of people who see betting as a source of income. For professional bettors, this activity is not a pastime but a real job. Same as any other job, this too requires a lot of time and energy.
If you’re wondering how much money one can make from sports betting by going pro, the answer is a lot. The sky’s the limit, it all depends on your sports knowledge, skills, and betting strategy. The good news is that if you have the willingness to go far and beyond in order to become a pro bettor, the chances are that you will eventually become one.
To help you achieve your goal, we’ve decided to present you with a few bits of advice. Follow our tips and you might be able to improve your sports betting profits.
-
Know That Betting Odds Don’t Mean Real Probability
Betting odds are set in such a way that the house always wins. To understand what we’re saying, you just need to take any two-way bet with identical odds on both outcomes. You will notice that the odds are somewhere in the ballpark of 1.90. So, if you bet $100 on each bet, you’re going to end up losing $10.
The odds may also change over time, depending on the bettors’ behavior. If there’s a lot of money wagered on one outcome, the bookies will shorten the odds to prevent losing money if the bet wins. That said, short odds don’t necessarily mean the outcome is likely to happen. Instead, it could mean that the bettors have been pouring money on that outcome.
-
Find the Best Odds Possible
If you wish to bet like a pro, you need to register accounts with as many online sportsbooks as possible. The reason is that this would enable you to find the most attractive odds possible. You might not think that 1.70 is much better than 1.65, but in the long run, even such a small difference can mean a lot.
The best thing is that it doesn’t take too much time to compare the odds. You can do it manually, checking the odds at each site where you have an account. Or, you can do it with the help of an odds comparison website. There are plenty of them out there, so feel free to use Google to find one.
-
Get All the Information Available
Remember we told you that pro-betting requires time and effort? Professional bettors spend hours every day collecting information that could be valuable for their betting choices. For each event you want to bet on, you need to check the stats (home/away record, recent form, etc.), injury news, schedule, and so on.
Keep in mind that there are some seemingly unimportant details that can prove crucial once the game starts. For instance, some NFL teams from sunny parts of the United States usually do poorly when playing in colder states. Tua Tagovailoa, the quarterback for the Miami Dolphins, is famously bad when playing in cold weather, something he plans to improve on during the offseason.
-
Pay Attention to Bankroll Management
To make money, you need to invest money. The problem is that with sports betting, people often end up making bad investments. This often happens because people bet too much money on a bet they deem 100% sure. Pro bettors, however, tend not to do it. It’s because they know that even the biggest underdogs sometimes beat favorites. Just think of Andy Ruiz Jr. knocking out Anthony Joshua, who was a -3333 favorite before the bout.
Instead of putting too much money on a single bet, professionals usually have a bankroll management system, which they stick to no matter what. How it works is that you basically decide on how much money you’re going to wager per bet. This way, you make sure that your betting journey won’t come to an end too soon.
-
Grab All the Bonuses You Can
In order to attract new customers, online sportsbooks give away welcome bonuses, which can sometimes be very attractive. At some betting sites, you can get a bonus of up to several thousand dollars. Of course, in order to get the bonus, you need to deposit money and fulfill certain wagering conditions.
Nevertheless, despite not getting free money, you definitely need to take advantage of all the available bonuses. After all, they give you a chance to prolong your betting campaign without having to spend too much of your own money.
