People bet on sports for a variety of reasons. Some
do it just for fun and to make a particular game more
exciting. Some like to bet on their favorite teams, no
matter what the point spread may be. Others, however,
bet on sports for one simple reason: to make money. Although
this last segment of the betting population is the smallest
(at least the ones who are successful at it), there are
many who make money consistently and even a few who make
a nice living by regularly beating the house.
Even if you consider yourself a member of the first
two categories (what those in the industry refer to as "squares"),
you can learn how to change your ways and transform yourself
into a "sharp" or savvy bettor. If you are
interested in making money betting sports, the first
thing you should do is take a couple hours to check out
Doc's Sports archive page Here. Doc's Sports has compiled
many articles aimed at average bettors who are looking
for help in beating the house. Our writers regularly
interview top brass from sports betting industry in Las
Vegas and overseas. These sports book operators are willing
to give sports betting tips in order to increase interest
in the industry in general. Unfortunately, most bettors
do not heed the advice that is available to them. This
is why the sports books are in business. For every sharp
bettor there are a handful of bettors who lose on a regular
basis. Here are some basic rules that can help you increase
your winning percentage. Some of these sports betting
tips are set in stone while others should be used as
more of a guideline.
Sports betting tip #1 - Money Management
This is without a doubt the most important aspect of
betting sports and possibly the most neglected. The
first key to proper money management is to be sure
not to bet more than you can afford to lose. If you
are going to bet on sports, it is important to set
aside a certain portion of your money for betting and
to stick with that bankroll, win or lose. Winning money
on sports is not a sprint. If you bet your whole bankroll
on one game and lose, you will be more likely to try
and chase your losses. If you spread your bankroll
among several smaller bets, you are more likely to
make a profit in the long run if you do the proper
homework. Remember, there are no locks in this business
and any team can lose on any given night. And on the
subject of chasing: Don't do it! There is no worse
way to mismanage your bankroll than to chase your bets
after a losing day. If you didn't like the game before
you lost your money, why would you like it after your
losses? Chasing bets is a losing proposition almost
every time. If you are on a winning streak, increase
the amount of your bets. Wins and losses often come
in streaks, and it can be profitable to ride out a
hot streak.
Sports betting tip #2 - Shopping for Numbers
The second most important aspect of betting on sports
is shopping for the best number. There will be more
discrepancy in the numbers on different sports at different
sports books. The NFL, for example, will have very
similar numbers at most of the betting shops you visit.
On college sports and daily events like the NBA, you
will be able to find different lines at different sports
books. These books change their numbers according to
the betting patterns of their customers, so it is not
entirely uncommon to find two or three point differences
in the lines. When you are betting your hard earned
money, getting the best line is a top priority. And
since the lines the bookmakers release are increasingly
strong, the difference between a point or two is usually
the difference between a win or a loss.
Sports betting tip #3 - Never Gamble While under the
Influence
There is a reason the casinos in Las Vegas supply you
with free drinks while you are gambling. Because alcohol
clouds your judgment and usually helps you to make rash
decisions you usually wouldn't otherwise make. To be
a successful sports bettor you need to operate with a
clear mind. If you have had too much to drink, it is
in your best interest to stay away from the betting window.
Sports betting tip #4 - Do your Homework
As a bettor, you have the advantage of streamlining your
research, which is something the sports books are not
at liberty to do. They must keep on top of EVERY sport
and EVERY game. The best way to win money betting sports
is to develop a niche and follow it closely. If you
become an expert on a smaller conference like the WAC,
you have a good chance to beat the house because sports
book operators do not have the time or resources to
follow this conference the way you can. There is a
wealth of information on the Internet; it is just up
to you to find it and research it daily.
Sports betting tip #5 - Check the Odds
Some sports books have better odds on parlays and teasers.
When you are betting big bucks the difference in odds
translate into a huge difference in your payout. All
it takes is a little research of the sports books you
usually bet at. Most books have their payout odds listed
in way that is easy for the bettor to find them. It
should be noted that we advise against playing parlays
and teasers for the most part. (Especially anything
over a 2-teamer)
Sports betting tip #6 - Play Home Dogs
There is probably no better bet in sports than playing
an underdog at home. Teams play inspired ball at home.
Slim underdogs regularly win outright. Big underdogs
often find ways to cover the spread and they rarely
give up toward the end of a game in front of the home
crowd.
Sports betting tip #7 - Bet at the Right Time
The sharp bettors tend to bet underdogs, and they tend
to bet them early. Squares usually bet later in the
day (or week, for football) and they tend to pick the
favorites. If you like an underdog, it is best to get
your bet in as late as possible, where there is heavy
action from squares on favorites. If you are going
to go with a favorite, it is best to place your bet
early in the week when the Pros are laying heavy money
on the points. Not all games work according to this
formula, but it is usually a good rule of thumb.
There are many other important factors when it comes
to beating the books. Many people don't have the time
to study things like: statistics, line moves, game analysis,
team trends, situational trends, Historical angles, valuable
lines, inflated numbers on public teams, etc. If this
is your situation, there is help available to you. There
are many fine sports handicapping services available.
Like a good stockbroker handicapping services can advise
you where to invest your money in order to limit your
losses and increase your winning percentage.