Knowledge is power in Betting.
True story, bro.
Seriously, though, with a bit of info, you can see a MAJOR difference in the amount of money you make betting on cricket.
You can learn how to manage your money, find +EV opportunities, and predict winners to get all the edge you need.
Or, you can be like most people, and bet on your favourite team, batsman, or whichever team is wearing the ‘blue’ jersey.
Your choice. And I don’t care what you do. You’re not spending MY money.
I’ll be combing these articles to learn how to make money betting on sports.
HOW TO APPROACH SPORTS BETTING
Here are some tips to sports betting. These are very general tips and not something that may directly make you loads of money. They’re more ‘mind-set’ focused.
But that doesn’t mean you value these tips any less. If anything, you should pay MORE attention to these. They’ll give you a strong foundation to build off of.
Anyway, enough preaching – let’s get started:
KNOW WHAT YOU ARE BETTING ON
One tip I got from a pro bettor is to like whatever it is you’re betting on. At least in the beginning.
It’s a lot easier to make the time to learn about something (sports betting) if you’re enjoying what you’re doing.
In other words – don’t bet volleyball matches if you don’t like watching them. Like MMA instead? Then watch and bet on that.
BE PREPARED FOR LOSSES
Like I said, even the pros lose 40-48% of the time. If you’re new to this, how often do you really expect to win?
KNOW WHY YOU ARE BETTING
Are you betting for fun or profit?
It sounds like a small thing to decide. Maybe it is.
But for lots of people, it’ll determine how much time and effort you spend learning about sports betting. It’ll determine how serious you are about bankroll management. It’ll determine whether or not you make a consistent profit in the long run.
Maybe it doesn’t seem so small after all?
DON’T RUSH IT
One way to lighten your wallet fast is to approach sports betting as a get rich quick scheme.
There’s no such thing, sports betting or otherwise. Sorry to burst your bubble.
The problem with this approach is it often leads people to get greedy. They buy picks, they spend loads of money on tools or other worthless things & they chase losses.
Worse yet – they spend money they don’t have.
If you need a steady income, like yesterday, do yourself a favour and get a job. Don’t look at sports betting as your (fast) path to riches.
STUDY THE SPORTS
Be prepared to do some research.
Proper sports betting takes lots of data. If you don’t already have that from years of betting, you’ll need to research it.
You’ll want to look for trends, scores, and data that might be specific to certain players, coaches, situations, locations, and loads more.
On top of that, you’ll want current info too. That requires research.
All of this is needed to make really informed bets. Only followed by…
SHOP FOR THE BEST ODDS
Getting a good price.
This is common sense (I hope), but one thing you should have is an account at multiple sportsbooks so you can be sure to always get the best price. It might not seem like much to spend an extra 5 or 10 cents (or more, obviously), but it adds up over time. Spending a little extra money unnecessarily can ding your win-rate.
DETACH YOURSELF FROM THE MONEY
View your money as a tool.
When you view your money as a tool you look at wins and losses differently. You’re not keen to chase losses (which usually results in bigger losses anyway). Money is simply a way to make MORE money.
DON’T DRINK AND BET
Another common sense tip. But you shouldn’t bet while under the influence of drugs or alcohol.
Trust me, you’ll make plenty of dumb mistakes sober. There’s no reason to make things harder on yourself.