How to Increase Your Profits in Sports Betting

By on November 1, 2019

If you’re expecting to read a shortcut to increase your betting profits, reality check: there is no shortcut.

Making money from betting on sports is a challenge, but it’s not impossible. In fact, there are lots of professional bettors who make a good living off of it.

However, it’s not exactly a piece of cake to get everything right immediately. Approach things in the wrong way and you definitely won’t enjoy what sports betting has to offer. Not to mention, you won’t be on the right track towards making a profit.

5 Ways to Boost Your Sports Betting Profits

Now, there are tonnes of ways and strategies that you can follow in order to make your betting profitable. However, before you start wasting your time researching on betting strategies, you have to start with the basics. Here are five.

1. Use a Sportsbooks Aggregator

For starters, sportsbooks aggregators let you enjoy a more convenient way of betting. It serves as a collector of odds from various bookmakers so you wouldn’t need to create multiple sportsbooks accounts just to find the best odds.

Now, how can aggregators increase your betting profits?

According to an article by Forbes, including sportsbooks aggregators in your betting routine proved to be more profitable. Having all odds presented in one platform will actually maximise the most out of your wagers. Sign up with a sportsbooks aggregator now and see for yourself.

2. You Gotta Love Math

If you’re not a fan of math, then you should probably stick to just being a fan of sports. You can’t increase your betting profits if you’re not willing to sprinkle a little math in your strategy. Everything about betting is math, no matter how much it seems like nothing but luck.

Don’t worry, you don’t have to study complex algebraic expressions to get around the maths of sports betting. Although, the complicated bit is computing the amount of your stake to breakeven and/or reduce your risk of losing a bet.

While some factors may depend on the sport you want to specialise in, in general, you also have to consider the win/loss record, home/away record, injury updates and many more.

3. Master How Bookies Make Odds

If you can’t play your cards right, you’ll definitely have a hard time making profits. You have to learn how to play and beat the bookies by mastering how they make odds.

Bookmaker odds are more on what bookies expect bettors to play, rather than a reflection of the actual chances of an event’s outcome. Basically, they will set their odds based on how it will attract bets on either side of the odds to balance their accountability.

The first tip for beating the bookies is very simple: know your sport. You need to be well-informed and have an edge in order to beat the odds.

This leaves smart punters to look for great values opportunities where the public’s opinion just doesn’t seem right. You have to take note that great value can be found on events where there is greater interest than normal. You have to know your cards in order to play it right.

4. Understand the Value of Positional Bets

Positional bets or positional orders is a type of betting strategy that you can use either manually or automatically through a sportsbooks aggregator. It involves strategically betting on both teams in an event or match to guarantee that you’ll have a profit no matter how much the odds change.

Think about it, if you only bet on a single team, you may have a higher chance of winning greater amounts but the risk of losing is just as high. In positional betting, you control the amount of your stake in such a way that whichever team wins, you’ll get a profit out of it.

This strategy, however, is not as easy as it sounds. It involves a lot of intuition, data gathering, and, you guessed it, math.

5. Manage Your Betting Bankroll

Speaking of math or numbers, the most important part but also the most neglected one is managing your betting bankroll. Basically, your betting bankroll is the amount you’re willing to risk and invest.

Many successful punters have the skill of recognising the value in a particular betting market. Once you have identified the value of a bet, ask yourself, ‘how do I invest in a wager to make the most of that value while protecting my bankroll’?

One strategy for money management that truly works is to only make bets with 1%-5% of your bankroll.

It’s also very important to take in mind that you don’t chase your losses with even bigger bets. Even though it’s common for sports bettors to experience this a few times in their career, you’re actually putting yourself in the wrong path and will most likely lead you to lose even more money.

A piece of advice? Set aside a budget, work with the size of your bankroll, and look for strategies that will slowly, but surely, increase your profit.

Is Sports Betting Profitable?

Anyone who’s still thinking about wanting to be a professional sports bettor has probably asked this question. Unfortunately, there isn’t any straight answer for it because it’s both profitable and a waste of money, depending on what type of bettor you are.

Make no mistake, sports betting CAN be profitable. Statistically speaking, even without thinking about your bets, you’re guaranteed to win at around 7 out of 10 bets. That is, if by ‘win’, you mean just be right about who’s going to win and not get your money back. Suffice to say, you have to be smart about sports betting before you can make a profit out of it.

That being said, sports betting is profitable if you know what you’re doing.

Loading...

Leave a Reply

Your email address will not be published. Required fields are marked *