Sports betting is a form of gambling where you place wagers on teams, players and/or games. It’s a popular form of entertainment, but it can be risky. Here are some strategies to help you stay safe and make money with your bets:
When you start winning a lot of bets, it can be tempting to raise your stakes. However, this can quickly lead to a loss of all of your profits.
Stick to One Sport
While it’s tempting to bet on a variety of sports, you will find that it is difficult to be successful in all of them. Becoming a specialist in just one sport will allow you to become more knowledgeable about the game and your selections, which will increase your betting confidence.
Expected Value (EV) Betting
Positive expected value betting is a key strategy for successful sports bettors. This involves making bets on events that have a high probability of winning but are also low in risk.
Total (Over/Under) bets are a common type of wager in American sports betting. An over bettor will want the combined score to be higher than the number proposed by the bookmaker, while an under bettor wants the total to be lower.
Bettors who back a team that “pushes” a point spread will be reimbursed by the bookmaker if the final adjusted score is a tie. This will happen a few times per season, but is less common than the underdog winning by a specific number of points.