Responsible Sports Betting: Tips & Tricks

1
3142
flat screen television
Photo by JESHOOTS.com on Pexels.com

The US has seen a major increase in sports betting! Especially with the recent COVID-19 pandemic restrictions, it seems many have resorted to watching sports and wagering for some added tension to get the adrenaline pumping. Today we shall go over some betting tips and tricks to try to get you to Vegas Dave betting level good.

Understanding What Betting Really Is

This tip is about mindset, our greatest tool to achieve anything we desire in life is our Mindset. Many will hear the term betting and immediately regard it as gambling, risky, based on luck etc… The truth is that betting, although still has lady luck involved in the mix, is a game of probability. If you remember Math class back when you were a youngling you will remember the term probability.

Personally, the Film and story of “Moneyball” really changed the way betting was thought of. To give you a quick insight without spoiling the film, Moneyball is the story of Billy Beane and Peter Brand(Paul DePodesta). Billy, a baseball manager, meets Peter, an economics graduate. Mr.Depodesta looked at the game of baseball from an interesting perspective. When we look at a game of Baseball we immediately think of hard training, dedication, and luck. Not Mr.DePodesta, he looked at the game not as good days and bad days but as probabilities.

Ultimately he created a super maths system used by the greatest sports teams in the world to help improve their players and ultimately their chances of winning.

The point of all this is that you have a choice,  you can look at betting as its definition, the act of wagering money on the result of a race, game, or other uncertain situation through lady luck alone OR you can look at it from the view of probabilities.

Choosing the Right Bookie/Sportsbook

Football, basketball, baseball, soccer, and a slew of other sports are all available for wagering at the best US sportsbooks. Choosing the right sportsbook can be tricky, especially with the sheer volume of online bookies to choose from.

So how do we find the best sportsbook?

You should first check trusted sources like the Basketballinsiders online bookies reviews to learn more about the legalities, types of bets that are available to place and pretty much all you need to know about betting in the US. Generally, we would stick to reviews such as the one above to get a clear view and comparison of the best bookies currently available for US players. Afterward, you should test the ones you like, choose the best one and enjoy betting!

Understanding the Force

Okay not really the force, although we wish that was possible. Understanding how to properly use the power of Probability to your advantage.

In basic terms pick one team. We really mean picking only one team.

The simplicity of this concept belies its potent impact. Expertise on one team is much more important than average knowledge on numerous teams. In order to get the most out of the latest betting odds, you need to know more about the team you’re betting on. Focusing all your effort on one team will allow you to study certain probabilities likely to happen.

For instance, let’s use a boxing example. Mike Tyson was and still is known for the sheer power the man can throw in a punch, if you don’t believe me ask his 44 knocked out contenders from the 50 he fought.

The probability, in this case, is quite easy to gauge. Mike Tyson has a 88% knockout rate, which leaves bettors being able to place either a winning bet for easy gains or a type of win. More on bet types in the next chapter.

Understanding The Best Bet Type

The more information you gain on a subject the better your chances of outsmarting the competition. Certain sports will have different bet types offering different multipliers for your win. Let’s take a winning bet since they’re easy to understand. A win bet is placing a bet on who you think will win the match. Win bets still offer a sense of risk but it’s not as risky as placing a point spread bet, which is betting on the teams’ margin of victory, not just the win. Since the point spread is riskier/harder to predict, they tend to pay out more than a typical win bet.

Understanding Bet Types is the next key step in achieving your wagering goals.

Go Slow

The Last and final tip we have to offer is to learn from the hare and tortoise. Slow and steady wins the race. Get familiar with the team, learn their tendencies and move from there. Stick to small and simpler bet types before wagering off bigger and riskier. Better to take small victories than large losses. Once you start wagering on the specific team of choice, it will only get easier to understand the way they play the odds, whether in your favor or against will depend on how you bet.

1 COMMENT

Leave a Reply