You may not need any incentive to bet on sports. After all, wagering on sports is an exciting activity.
For example, say a bettor likes the Los Angeles Dodgers +160 and the Chicago Cubs -130. If the bettor places a $10 wager, they essentially would have a $10 bet on the Dodgers +160, which will return $26 should the Dodgers win, and then would have $26 on the Cubs -130. They provide many opportunities to bet. They’re widely shown on television and/or the internet. Information on these sports is widely available and accessible. Bookmakers typically offer lots of.
However, you’ll find that sports betting does have some additional benefits beyond just excitement. These advantages can make you even more pumped about sports wagering versus other forms of gambling.
Of course, you also have to consider the reverse in that sports betting has its downsides. You want to be aware of these drawbacks before jumping head-first into the matter.
That said, I’m going to discuss three reasons why you should and shouldn’t wager on sports. I’ll also offer advice on whether sports betting is ultimately worth the effort.
Reasons to Gamble on Sports
Everybody has their own reasoning for betting on sports. Some of these incentives are quite specific.
However, the three reasons for wagering on sports discussed below are general aspects that apply to many bettors.
1 – You Can Beat Sports Betting
Most forms of gambling have a house edge that’s difficult to overcome without a tremendous amount of luck. Casino games, the lottery, and bingo are all luck-based types of gambling that give the house an advantage.
Sports betting, in contrast, is one of the few gambling activities that gives you a realistic opportunity to win profits.
Of course, you need to be much more skilled than the average bettor to earn serious money.
These skills are harder to come by than most people realize. One not only needs to win over half of their bets, but they must also beat the juice (a.k.a. vig), too.
Vig refers to the commission that sportsbooks take from the losing side of a wager. This commission provides sportsbooks with a better chance of profiting and also makes sports gambling harder.
But even with the vig included, betting still isn’t impossible to beat. You simply need to have the right skills to win enough.
How do you develop these skills? The first step is to learn the basics of handicapping, or the process of determining which outcome offers the most value.
Bookmakers employ professional handicappers to analyze matchups and set lines.
Beating the bookies is really difficult, but this feat can be accomplished with enough effort and experience.
“Sharps” are experts at finding out which side has the most value and wagering accordingly. In fact, sportsbooks actually fear sharps and will adjust lines accordingly, so they don’t get punished by professionals.
You don’t have to be an elite sharp just to make money from sports betting. But you must spend enough time on the matter to improve and become a winning bettor.
One of the best tools you can use is sports betting software.
A number of programs exist online that can provide advanced stats and give you a stronger opportunity of winning.
These programs not only provide useful stats, but they also track sportsbook lines from around the industry. In turn, the software can point out when there are favorable arbitrage bets and steam moves.
Long story short, sports betting is a difficult type of gambling to beat. But you can find all the tools you need to win with some effort.
2 – Gambling Makes Sports More Exciting
You may already love watching your favorite teams and sports. But you’ll get even more excitement by putting a little money on the outcomes.
In fact, these thrills are exactly what makes sports gambling so popular in the first place. Many gamblers love the combination of rooting for a certain team to win and also hoping that their bet pulls through.
Another factor at play here involves betting on matches with friends and watching the action afterward. Nothing is more exciting as a sports gambler than when you’re in a room full of buddies who’ve also put wagers down.
You don’t even have to wager a lot to enjoy this activity. Instead, you can simply throw a few dollars on an outcome and get many of the same thrills as somebody who risks $1,000.
The key is to consider your financial situation and determine how much you can reasonably bet. I suggest setting up a bankroll that’s specifically for sports betting and never wagering more than 5% of this amount on a single match.
3 – Potentially Cheap Form of Entertainment
As mentioned above, you don’t have to be wealthy to bet on sports.
Most bookmakers accept wagers as little as $10, or even less in some cases. Sports gambling is available to everybody from all walks of life. Just like going to a movie or playing putt-putt golf, you can use sports betting as a form of entertainment.
You may even find that this type of wagering offers more entertainment per dollar.
For example, you can wager $10 on a football game and watch it for three hours. By the end, you’ve only spent a little over $3 per hour.
Of course, you can always bet more if your bankroll allows for doing so. But keep in mind that you can enjoy sports betting for a relatively cheap amount.
Reasons to Avoid Sports Betting
I’m personally really into sports wagering. I think that it’s one of the most exciting forms of gambling available.
However, sports betting isn’t entirely perfect. You want to consider the following drawbacks before deciding to wager on sports.
1 – Sports Gambling Is Tough to Beat
Earlier, I discussed how sports betting is one of the few types of gambling that can actually be beaten long term. This factor draws many bettors who have dreams of becoming multimillionaires.
However, winning just a few dollars, let alone millions, from sports betting is difficult in the long run. The chief problem is that oddsmakers are so good at setting lines that they leave little room for value.
As if this isn’t hard enough, you also have to deal with the juice. You’re going to lose plenty of wagers, and you’ll pay vig on every loss.
Even the best sports gamblers only win around 55% of their wages.
Losers, on the other hand, win somewhere between 45% and 47% of their bets.
Far more people are in the losing category than the winning one. That said, you face an uphill battle when trying to become a successful bettor.
2 – You Can Lose a Lot of Money
One good thing about sports betting is that you’ll win a fair number of wagers in comparison to something like slots. Even as a bad bettor, you’ll probably win about 45% of your wagers.
However, the fact that you do win a decent amount of bets also makes sports gambling deceptive. You may be tricked into thinking that you have betting solved amidst a successful streak.
These situations breed overconfidence. You may suddenly start increasing your bets with visions of going on to become a professional.
Of course, sports betting has a funny way of biting you just when you’re most confident. You may suddenly go through a downswing and think that it’s just a temporary hiccup on your road to riches.
The reality is that every good bettor goes through these up and downswings. If you’re a bad sports gambler, you’re going to see a lot more of the downswings. Furthermore, you’ll lose plenty of money when suffering through cold streaks.
3 – Serious Betting Takes Some of the Fun Away
The sports betting fantasy is to gamble on the games you love and make huge profits while doing so. The reality, unfortunately, is much different.
Professional sports bettors don’t bring six or even seven figures a year by inviting their buddies over to drink beer and place wagers.
Instead, they have a more-precise and mathematical approach.
Haralabos Voulgaris, now the Director of Quantitative Research for the Dallas Mavericks, is one of the most-legendary sports bettors ever. He used calculated formulas to beat basketball for years before moving into an NBA front-office gig.
What Sports Teams Should I Bet On
Assuming you’re even half as successful as Voulgaris, you could very likely deal with the boring statistical side of sports betting. But the key is to leave any fantasies about watching sports as a casual observer at the door.
Should you get into sports betting?
You can see that there are reasons both for and against jumping into sports gambling. Given the fairly equal pros and cons, you need to decide for yourself if sports wagering is worth getting into.
Assuming you want a form of gambling that can be beaten and are willing to put the work in, then you should definitely try sports betting.
Again, it’s one of the few types of gambling that can offer long-term winnings.
Should I Bet On Sports
Of course, you don’t need to have aspirations of being a pro and making huge profits. Instead, you can simply wager on sports for the entertainment value.
You’ll find more than enough entertainment in sports betting.
After all, bookmakers feature a large number of markets and lines.
However, you may second-guess getting into this activity if you’re just looking to kick back and gamble without thinking much.
Virtual roulette wheel free. Nothing compels you to do any research before making a bet. But you may become frustrated with losses if you’re not willing to put any research into the matter.
Another downside to consider is that even if you do pursue sports gambling seriously, you have no guarantees of winning. A number of talented gamblers have thrown their knowledge into betting, only to get crushed in the process.
Assuming you bet too much on top of losses, you stand to lose a lot of money. Your situation will only get worse if you fall into the temptation of chasing losses.
In the end, the decision of whether to bet on sports comes down to your tastes and preferences. If you think the pros outweigh the cons, then you should definitely give sports betting a try.
Making money betting on sports can be tough, but there are a lot of sports bettors who consistently win, and there are even a lot of professional bettors who make a good living off of sports betting. On this page you will find sports betting strategy and tips to help you become one of the winning bettors.
Below I talk about the basic sports betting strategies for beginner bettors, but if you are more experienced you can check out the advanced sports betting strategy articles towards the bottom of this page.
The Basics To Sports Betting Strategy
In order to help yourself make money or a profit from sports betting there are a couple of basic strategies or tips you will want to understand and follow. None of these sports betting strategies are secrets by any means, but following them will help you win money betting on sports.
The bettors who don’t follow any of these strategies are often referred to as “squares” and those are the type of bettors that the sportsbooks will make their profits from.
#1 Money Management/Bankroll Management
When you are betting on sports you should always set aside a certain amount of money, which we refer to as your “bankroll”, in which you can afford to lose. Like with any type of gambling, you never want to bet betting on sports with money you cannot afford to lose. Set aside a certain amount of money that you can use for your bankroll for the week, the month, or the season. A general sports betting strategy for money management is to only make bets with 1%-5% of your bankroll. For example, if your bankroll for the NFL season was $1,000 you would be making $10-$50 bets on each NFL game you wanted to bet on. It is also very important that you do not chase your loses with bigger bets. It is common for some sports bettors to be down money and feel in order to win it back they need to increase the size of their bets. This is putting yourself in the wrong mindset and will often lead to you losing even more money. Work with the size of your bankroll, and look to slowly increase it over the length of the season.
Here’s a video going over Bankroll Management strategies for sports betting:
#2 Bet Sober and Don’t Go on Tilt
Although betting while sober seems like common sense, you’d be surprised how many people bet on sports under the influence. Is it a coincidence that the Las Vegas casinos offer free alcoholic drinks while you are gambling? I don’t think so. I don’t want to sound like your mother here, but betting while under the influence will impair your judgement and should definitely be avoided if you want to become a winning sports bettor.
The second part of this tips is “Don’t Go on Tilt”. Going on tilt or “tilting” is a commonly referred to term with poker players and basically means letting your emotions take over, which often leads to bad decisions. If you are angry or upset at something, such as a couple bad beats with your sports bets, you shouldn’t be placing any more bets. Take a break, go for a walk, get your mind clear before you start making anymore sports betting picks.
#3 Do Your Homework
This is maybe the most important sports betting strategy. You will always want to do your research before placing your bets. Although going with your hunch when betting your favorite sport may work some of the time, in the long run it will not lead to you winning money betting on sports. In order to profit from sports betting you will need to research, study, and do your homework for each pick you make. Look at stats, find trends, create sports betting systems, analyze past games – basically do everything you could possibly do to ensure you have value in your pick before you place your wager.
#4 Line Shopping
A very big step to becoming a winning sports bettor is to make sure you are shopping for the best lines. What this means is that you will have to have an account at a couple of different online sportsbooks and when you are ready to make a bet on a certain team or outcome you check the different sportsbooks and find which book is offering the best line for you (this ties in with our advanced how to find max value article). For example, if you are looking to bet on the New England Patriots on a 7 point spread, you would want to check a couple different sportsbooks to see if any of them are offering the Patriots at 6.5 points, or at the very least find the best price you can get them at 7 points at. Over the course of a sport betting season you can win yourself a lot of money from shopping the lines that would otherwise would not be one. Line shopping is definitely one of the best sports betting strategies used by winning sports bettors. To see a list of sportsbooks we recommend signing up for visit our Online Betting Sites section.
I’ve created a line shopping video and posted it on YouTube (seen below):
#5 Avoid Buying Points
Avoid falling into “square” tendencies such as buying favorites down or underdogs up. For example, some bettors always feel the need to buy an NFL favorite of -3.5 down to -2.5. The sportsbooks are smart enough to charge more juice to do this, mathematically making it a bad strategy. The same goes with buying an NFL underdog from +2.5 to +3.5 for example. In 99% of cases I would advise against it. Check out the video I made below about buying points on NFL underdogs.
Other Sports Betting Strategies and Myths
Above are the four main basic strategies you will want to follow in order to become a winning sports bettor, but there are a couple of other tips you can use to help you win money.
For one, you can try following a sports handicapper who is using a proven sports betting system. Be careful of scammers out there though. If they don’t show their past records long term plus proof I would pass, and in most cases I wouldn’t be paying for picks at all.
An old sports betting strategy is to bet on home underdogs. The theory is that teams are usually more inspired to play at home, and they will often not fold if they are down like they may when on the road. Betting home dogs in the past could have made you money, but this isn’t true as much anymore. You can read the current betting market article to learn why.
How To Make Sports Bet
The last tip I have for you is to try and place your bets at the right time. With lines shifting from the time they are posted to the time the game starts, you will want to get your bet in at the time when you are getting the best price. Predicting line movements is extremely hard but it is worth looking into. Check out the video below that I made titled “When To Place Your Bets”.
Bet On Sports App
Advanced Sports Betting Strategy Articles
» How to Place a Bet
» How to Win at Sports Betting
» Sports Betting Math
» Teaser Betting Strategy
» Prop Betting Strategy
» How to Get Max Value When Betting
» Future Betting Strategy
» NFL Bye Week Betting Strategy
» Parlay Betting Strategy
» Pleaser Betting Strategy
» Sweetheart Teaser Betting Strategy
» Current Betting Market
» How to Research Your Bet
» Mistakes You Need to Avoid
» Things Beginners Need to Know
» Win/Loss vs Value