Starting today, we will begin a series of sports betting tips designed to help both experienced and newbie sports bettors make wiser choices, win more money, and ultimately have more fun when placing bets over the internet.
With the 2013 NFL season upon us, the sports bets are on the rise. And with horrible betting results on this first Sunday of the NFL regular season, it is evident that even the most experienced bettors need to review the basics of NFL betting every so often.
The majority of gamblers failed to win on the following NFL games: New England (-9) at Buffalo, Oakland at Indianapolis (-10), Tampa Bay (-3.5) at New York Jets, Tennessee at Pittsburgh (-7). These were all favorites that had more than 75% of the wagers placed on them. Lots of gamblers (60% of wagers) were burned by betting on the underdog Baltimore Ravens in the NFL opener.
In fact, the only favorites that were heavily bet and won were Seattle (-3.5) and Kansas City. Seattle was looking bad until they got a 4th quarter TD. KC didn't have any problems with Jacksonville.
People got burned over and over by betting the favorites that all seemed they were locks. I always caution people to watch out for the lines that do not move even when the majority of people are betting on one side. How do you find out who's placing bets on which teams? Some sportsbooks share this information with the gamblers.
With that in mind, both of the Monday Night games fit this mold. Both games features favorites that have over 75% of the wagers placed on them: Washington (-3.5) is getting almost 80% of wagers and Houston (-5) is getting over 90% of the wagers. I'm going to go out on a limb and say that at least one of the two dogs will cover.
Proper Betting Techniques
Rule #1 - Don't always bet on favorites. I've never met a successful gambler who only bets on the favorites.
Rule #2 - Be selective when betting. If you don't have a good feeling about one team or another, don't bet that game. You should at least feel that you have a 65% chance of winning your bet.
Rule #3 - Look at the matchups! There are certain things that you want to know. If a terrible passing team is playing a strong secondary, bet on the team with the strong secondary. If a bad running team is playing a tough front 7, that means the team will be throwing a lot and that isn't a recipe for success. If a great running team is playing against a porous defensive line or a great passing offense is playing against a terrible pass defense, these are all things you want to know.
Rule #4 - Look for key injuries. Teams have a hard time adjusting to a backup as a starter and the other team will go directly after any weakness that they find.
Rule #5 - Manage your bankroll! Don't bet more than 5% of your bankroll on the first games that are played. You can bet more if you are winning later in the day. Don't have more than 15% of your bankroll in play at any one time. If you lose 15% of your bankroll, stop betting for the day. It is that simple.
Rule #6 - Don't bet with emotion - ever! If you lose, don't throw good money after bad. You will be most tempted to do this when you lose a wager in the last minute of the game.
Follow these rules and you will have a good chance of making money. You will have a better chance of not losing a lot of money when you are gambling on sports!
Future’s Betting
We’ll end by highlighting the future's bet, which are bets that are made several months in advanced. While a future bet can be one of the most profitable sporting bets there are, it also can be one of the most dangerous. A future bet, first of all, is a bet on an event later down the road.
For instance, betting on the Super Bowl champion right now before the season has even started is considered a future bet. However, these bets should only be made if one has considerable knowledge on the team/sport they are betting on.
Insider knowledge is always a plus. Yet, for most people, who get informed by staying abreast with current sporting events, team trades, player statuses etc., making a future bet takes hours of research and planning.
One should never make a future bet simply because they are betting on their favorite team, or the odds will pay off great if the bet wins. This is paramount to playing the lottery. And while all bets - sporting or not - inherently hold a degree of unpredictability and chance, there are some bets that simply have a better chance of going down than others.
If you do your research ahead of time for which teams realistically have the best chance at - for instance - winning the Super Bowl, you can then decide on which odds will give the best return for the amount of risk involved. Never risking too much, while making an informed bet is what makes for a good future bet. Please read the rest of the tips in this series on getting informed.
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