Sports betting is a thrilling and rewarding experience that allows you to earn a profit for investing in your team, but it’s not all about putting your money on the hottest players on the field. Successful sports betting requires extensive research and experience, so you need to build your knowledge if you want your skills sharpened enough to make lucrative bets.
Many factors can influence your bets, but a successful bettor follows key pillars they can apply to their betting decision throughout different games and sports. If you’re wondering how to become a better sports bettor, we’re here to help you build a solid foundation, so you no longer have to rely on luck.
Tip #1: Allocate Your Bankroll According to What You Can Afford to Lose
The safest way to succeed in your bets without burning holes through your pockets is by establishing a pre-ordained bankroll. This sets a sum dedicated towards your sports betting side hustle, so the number varies depending on your financial situation. Keep in mind that it’s only acceptable to churn out higher investments if your financial responsibilities don’t suffer.
Beginners can safely stake between one to five per cent on their bankroll in each bet, which is a critical first step that can get you on the right track as a successful sports better. Consistent unit size is the safest bet for starting bettors, and while experienced and aggressive bettors may push it to three per cent, remember that professionals only risk one to two per cent of their bankroll per bet.
Tip #2: Set Clear Goals and Know Your Risks
Not all bettors are willing to take a leap of faith when it comes to risky bets, but others are aggressive players that would rather go big or go home. By understanding your risk tolerance, you can tailor your betting strategy so you can win according to your terms.
Some like to bet on a long shot to reap bigger rewards, while others can enjoy winning smaller yet more frequent and stable bets. Seasoned betters can do it both ways, but it’s always better to play it safe so you can improve at a faster rate.
Tip #3: Set Realistic Goals
The most successful and skilled sports bettor in the world won at a whopping 60 per cent clip, but an effective “sharp” isn’t an easy feat even if you take years of practice and research. With that in mind, it’s always wise to set your expectations straight to avoid clouding your judgment.
The Bottom Line: Simple Betting Tips that Helps You Make Well-Informed Decisions
Sports betting is a colourful sideline that adds to the heat in most sports games, allowing people to profit when the odds are right. The tips above are general pointers that stack the chances in your favour, so while sports betting is still gambling, you’d at least be more empowered when placing your bets.
How Can DataVision Sports Help You?
Are you looking for football predictions and betting tips? Look no further and bookmark this page — DataVision Sports is the number source for all things English football.
We are the home of English football data and predictions. With our best-in-class data dashboards, you can explore various data, inform your betting, and get accurate predictions on English Premier League football matches.
Start making better bets with us today!