Sports Betting: 4 Strategies You Need to Know to Win

Sports betting is becoming a fast growing fascination with sports fans abroad. It has grown into a billion dollar business and there are millions trying to get a piece of the pie.

But the sad fact is that only 2% of those millions betting on sports are actually making any money. The other 98% are donating week after week to their bookies.

What is the 2% doing to win at sports betting? When I first started to bet on sports I really thought I had a handle on things and thought how hard can it be. Boy did I find out the hard way and that means losses that totaled over $2-3000 the first year. It was the same thing the second year too. But then I soon founded out through my trials, errors, and research what the common denominator was between people that won consistently betting on sports.

What it would do for your bankroll if you knew the exact things the professional sports bettors were doing to make a living.

Well there are 4 very important strategies that those winners are all doing.

1. The winners have access to winning sports picks.
2. They implement some form of bankroll management.
3. They use proven sports betting systems.
4. They set goals and a plan and NEVER deviate from them.

These 4 steps seem very easy when you see them but not one of the loosing 98% are doing all four in any at all.

What is tough about these steps is how do you know if you have winning picks, a good bankroll plan, a proven sports betting system that actually works, and a good plan?

You may not know whether you do until it's too late. Do your due diligence, there are a lot of cons that make huge and unrealistic claims. But the truth of the matter is that winning at sports betting is broken down into those four strategies.

You can add more things to the list if you want, but they aren't needed or really are encompassed in one of the four already.

Getting Sporting Odds and Winning Money

There is another charm to sports that is sporting odds. The desire of man to predict has been long identified and always been tested. When it comes to predict whether, floods, earthquakes etc all have their own areas. Other field also where man likes to predict is the sporting odds. Based on the satellite pictures and recent conditions in the atmosphere the weather man predicts the weather, similarly based on the games situation people like to predict sporting odds.

Predicting weather is not as exciting as predicting the sports odds. The analysis offered in the latter case is much more as there is a human factor involved along with human emotions. The desire to win and prove oneself better has led the man to start betting on sports odd that shows the confidence on their candidate. This has changed face now to bid on sporting odds as a method to earn money.

For getting into sporting odds and winning money you need detailed information and complete knowledge to predict. This will make you analyze it better. When you analyze and then place a bid, and once the bid is won, the feeling and the joy is anonymous. This has led to people searching for information from all sources.

When it comes to information, one name that stands on top of all in current situation is the World Wide Web. World Wide Web can help you take any information required for sporting odds. There are sites that offer current and up to date information that is broadcasted in real time. This enables the person who for sporting odds to take decision in time and also helps in making a decision.

the sites offer detailed information for sporting odds that gives them free tips and also their prediction along with explanation that can be compared with your own reasoning and thus reach a conclusion that is more likely and more potent to get close to the sporting odds.

The websites offer the advantage of rapid information in a detailed manner and also available twenty four hours a day and seven days a week. The power of all the information at your finger tips helps you winning sporting odds. Another advantage offered by sporting odds web sites is that they offer you an opportunity to bid from the websites itself. This gives you ample time for sporting odds and also assists you in taking your decision.

All the current events for sporting odds are displayed on the main page that lets you informed about the activities taking place around the world. You need not be at the place of event for sporting odds. You can start from the place you are. You just need one internet connection and the web address to connect to. The live status of the events is also posted along with the major developments on and off the field. All this information is vital if you plan to go for sporting odds.

Sporting odds is fun if done carefully and judiciously with the right spirit. If not taken with right spirits and planning can lead to loss.

Investing in Sports Betting - Information and Strategy

Is it possible to win money betting in Sports? Yes it is! But, like I say on my site introduction, if you want to successfully "Invest in Sports Betting" you'll need to, first and most of all, approach it as an investment and have a long term perspective. You also need to be patient, disciplined, have knowledge about money management, systems and understand the way the market (because that's what it is) works.

More detailed information and data will be provided in my monthly newsletter but let's go step by step and look at the basics:

Patience: Do not bet by impulse! This means not betting on your favourite team just because they're playing today or betting on a game just because it is on TV. It's hard enough to beat a Sportsbook when you have all the data and knowledge about a specific game. If you want to win in the long run, you can't bet on games (regardless of the sport) just by guessing or "having a feeling" about it. Be patient and be selective! Only bet when you think you have solid reasons to make a play and confident that you have an edge over the Sportsbook.

Discipline: Being patient and disciplined are the first and some of the most important aspects to consider if you want to become a successful sports investor but they are very difficult to apply. First and above all, never bet more money than you can afford to loose! No matter how good you think you are or that you pick is guaranteed, you can still loose (many unpredictable things might happen during any game: injuries, mistakes, bad plays, bad referee calls, etc.). Therefore, it is important that you establish a specific sports betting bankroll that includes only money that's not essential for anything else like: rent, food, mortgage payments or your family support and that you play within your means. If after a while, you are on a long loosing streak or your losses are negatively affecting your personal life, stop immediately! Back off! Don't be stubborn about it and never "double up" or use similar (so called) "money management" systems that apply more money to chase the losses. Take a few days or weeks off and relax. It's a long season and there'll be plenty of games to wager on. Examine your previous bets and what went wrong, learn from your mistakes and restart slowly when you think you're ready.

You also need to be careful about "exotic plays". Most professional bettors or sports betting investors do not bet on parlays at all. Sportsbooks make it appealing for bettors to place bets on "exotic plays" like: parlays, teasers, half-times, propositions, etc...the more the better (for the Sportsbook). Sportsbooks like their clients to make as much uninformed, undisciplined, poor-value, impulse bets as possible. You should stay away from them.

Last but not least, only bet if you're feeling well. Only bet when your concentration and discipline are not affected. If you're feeling tired, are under a lot of stress, having some sort of family trouble, somehow "on tilt" (using a Poker terminology) or under any abnormal circumstance that will affect your normal well being, do not bet! Wait until you're sure you are back to normal.

Money Management: If you can be patient and disciplined the next important aspect you need to master in order to become successful is "money management".

We all know someone who's very good at picking winners but after a while are "reloading" their accounts. Why is this? This usually happens due to several reasons, one of them being poor money management.

Although there are several money management techniques that can be used, they all seem to agree to the following basic principles:

Only play a small percentage of your initial bankroll. It is commonly accepted that 1% to 4% maximum is the optimum percentage to be played. I would recommend you to start with 1%. This will allow you to slowly increase your bankroll if you get a good streak going and will keep you away from trouble for a while if you have a bad one; If you're on a winning streak consider increasing the size of your bets a little bit, if you're on a loosing streak consider decreasing it; Never chase your money! This is considered to be the biggest money management mistake of all! Remember, this is a long term endeavour and not a short term one. Everyone has good and bad days and good and bad weeks. If you had a bad day, resist the temptation of placing "that one big bet" that will cover for all your previous losses. If you don't, most likely you'll be seriously disappointed. Tomorrow is always another day and you'll have the opportunity to do better than today.

Systems: I see some people claiming to constantly win 65%, 70% or more of their bets in a season with their systems. This might happen one day or another but nobody has this winning percentage in a full season betting every day. Most investors in sports betting or professional bettors will be more than happy winning 53% to 55% of their bets in the long run. Important things to remember: - In certain occasions and certain sports (the so called "moneyline" ones, like the NHL or MLB), you can even make good money by winning just 49% or 50% in the long run. The winning percentage means little here as they are considered "units won" sports (you can have a 55% winning ratio and still loose money and have a 49% winning ratio and win good money...it all depends on the "value" of each bet). - In sports using "points spread" (like the NBA or the NFL), you need to hit 52.38% of the times (considering the usual average odd of 1.91 in European format or -110 in US format) to "break even". Here the winning percentage counts because there is a "point spread" and the odd is equal to both sides. If you're above 52.38%, you're making money!

This means you need betting systems that focus on the winning percentage (because that equals making money above 52.38%) in "point spread" sports and systems that focus on the bet value in "moneyline" sports.

Statistics, player injuries, motivation, current form, coaching edges and other indicators should be accounted for.

Sports betting market: One of the main reasons why Sportsbooks make so much money (and 97 to 98% of bettors loose) is simply because of human nature. That's right! People just love to bet "favourites", "public teams" (teams that the "public" just loves and puts their money on, like the NBA Detroit Pistons or the MLB New York Yankees...), their favourite sports team and the "over" (when playing the total number of goals or points) in all sports as it is human nature to root for winners and scoring. Just look at the betting percentages in any site that makes this information available before the games take place and you'll see this. Sportsbooks know this very well and work it in their favour.

That's why it is important to look at the value of each bet against the probability of an event to occur and also to look at how the market is behaving before the games start in order to make the most balanced decision when placing a bet.

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