The temptation of betting and profiting from one’s favorite teams while they play can be too strong to resist for experts in sports betting. However, for novice sports bettors, it’s quite the opposite. At first glance, most novices find betting more difficult than thrilling since it seems complicated rather than exciting.
This is because there are many options and strategies to consider, making the process more complicated and annoying. However, if you are a newbie, you have nothing to fear. Here are some fundamental tips to help you grow from novice to expert.
1. Find A Trusted Bookie
Your choice of bookie can make or mar your sports betting experience. It is important that you choose the most reliable bookie to enjoy the best odds and execute quick deposits and withdrawals while enjoying the best customer service.
The need for in-depth research cannot be overemphasized when it comes to finding a trusted bookie. To do this, you can check various reviews and customers’ feedback online. Evaluate key features like customer service, payment method options, compliance with regulations, promotions, and bonuses.
Customers’ reviews will also offer insight into the user experience of specific bookies you might be considering. This information will help you make an informed decision about your bookie choice.
2. Start Small and Manage Your Bankroll
A general mistake that beginners make when betting is they bet too quickly and too much. The key is to start small and then keep on increasing your stake as you learn and get more experience.
It is of paramount importance that you have a betting budget and stick to it. To keep your budget within reasonable limits, make sure it does not exceed your financial capabilities. This would mean not committing an amount that you have a hard time losing without compromising your financial stability.
Divide your bankroll into equal parts and play with only a small percentage on each play. This strategy, known as bankroll management, is designed to reduce losses during unfavorable swings and bad nights and ensure that you can keep betting for the long term.
3. Never Chase Losses.
After a run of losses, which seems to be a common experience, the increased psychological pressure leads novice sports bettors to panic mode. Desperately trying to get back their money, they bet on whatever available game.
More often than not, they lose the bet and might even blow their bankroll if they continue chasing losses. This is why it is important not to bet impulsively. Stop betting if you’ve had a run of bad luck. Take a break and save the stakes for the next day.
When next you want to wager, take your time and do proper research to learn about the game’s stats and odds.
4. Be Wary Of Your First Win
This is a warning that many novice or first-time bettors seem to ignore. Winning your first wager comes with a feeling of excitement, but you shouldn’t get carried away; it is classic beginner’s luck.
It is always helpful to attribute your first win to beginner’s luck, as this keeps your excitement in check. Beginners often tend to have a false sense of expertise after their first win, which is bad for future wagers.
Just because you won your first bet doesn’t mean you are good enough. Understand this fact, and it will be easier to protect your bankroll from being depleted. Carefully analyze your bets and avoid overconfidence.
You will miss far more bets than you will win for every wager. Don’t bet on pointless games just for the sake of betting.
5. Frequently Shop Online For The Best Odds
Expert bettors usually don’t place bets on the first betting website or bookie they come across. Why? They know odds differ across bookies, and they must hunt for the best odds to rake in more profits.
For instance, the odds on Bookie 1 for Cowboys -3 can be -110, while the odds on Bookie 2 for Cowboys -3 can be -120. By comparing these sports betting odds, expert bettors can choose the better odds (-110) and earn a better reward.
When comparing bookies, always make sure you get the best deal possible.
6. Focus on A Few Sports
When starting, avoid betting on anything and everything. Focus on fewer sports to increase your chance of winning. As a newbie, stay away from individual sports like tennis or golf. You have a better chance of winning bets in sports like basketball, NBA, football, NFL, NCAA, and NHL.
Concentrating on a few sports will give you the opportunity to develop your fundamental understanding of sports betting and assist you in taking more wins than losses. With a streamlined focus, it is easy to build a solid foundation of knowledge and data on the teams and players you want to bet on. This is a winning long-term sports betting strategy.
