To begin betting on sports, you will want to decide which sport to bet on and what sportsbook to make your wager with. Sportsbooks are very different. Some offer lower vigorish and others, early morning odds which are very important in terms of finding value.
All of them, however, offer odds on every type of sport — including baseball, basketball, football, hockey and MMA. Online sportsbooks even offer odds on soccer games worldwide, as well as basketball and hockey. If there is a sporting event being played anywhere in the world — you can bet these sportsbooks will have odds posted for your enjoyment. Pay attention to the laws in your area, and be sure you understand if it is legal before placing an online wager.
Many sports gamblers never consider the importance of proper money management. They simply choose a team and put the money down without realizing the consequence of betting too much. It is extremely dangerous for a sports better to think that picking winners is more important than proper money management, because they are equal. One does not outweigh the other. It is always best to understand the edge that you have and how much money is required to bet, based on your available funds. This idea is so important, that it deserves to be said again — proper money management is just as important (if not more important) than picking winners. Less is more in the sports betting industry.
It is obvious that a person will not win every bet he or she places. But just how much are you expecting to win? You might be surprised to know that the most successful sports betting services have a long-term winning percentage between 55%-59%. The good news is that if you are able to achieve a winning rate of above 52.38% — that is profitable and anywhere between 55% and 59% is very profitable.
What’s most important to realize, is that you must approach sports betting with the understanding, and the desire, that breaking the bank on a bet will invariably work against you. People who make money betting on sports are disciplined, and use a methodology based on mathematics and logic. If you are looking to double your money on a couple of bets, you are deceiving yourself, and very likely will lose because you failed to use strict and disciplined money management rules.
Betting as a Hobby with New Bookmakers
Sports betting is one of the most widespread hobbies among sports fans worldwide. They have all the advantages: they are always aware of everything that happens both in professional and in private life of their favorite players/teams/sportsmen.
This is one of the most important components of successful gambling in sport. Of course besides this, a gambler must have some other qualities, such as skills and good intuition, but this interest to sporting events does mean a lot. Today sports betting has become more accessible – as now there are lots of new UK online bookmakers, so you don’t need to spend time going to your bookmaker. Besides, you can now choose a bookmaker that offers the most favorable conditions, with the most wide range of possible events (if needed), to find stakes with highest odds. Here we must mention that one of the main advantages of online sports books is their odds that are usually higher than those of land bookmakers.
Besides, there must be no problems with payments – today you can make your deposits and withdraw your wins by money transfer (like Western Union), an electronic pay system (Webmoney, PayPal, eGold etc.), or even by a credit card or cheque. Another advantage of online sports books is that in the condition of a very strong competition bookmakers offer gamblers a lot of various bonuses and use other methods of encouragement. The bonuses are usually considerable sums of money that, according to conditions, may be either withdrawn by the gambler’s account or used for further bets. While choosing a bookmaker one should not forget that your success depends on his professionalism and honesty. That is why you should thoroughly study all possible variants – search the web to find other gamblers’ reviews, ask friends, and compare odds. If there is a lot of information about a bookmaker, and most reviews are positive, he is probably a reliable one. But if most reviews are negative or you have heard that this bookmaker detains his payments, you should better not risk and find another bookmaker.
It is extremely important to study the terms and conditions of the bookmaker you have chosen. Generally, all bookmakers have similar conditions, but the details differ greatly, and that may influence greatly the outcome of your game. First check the list of sporting events, it usually differs greatly from one bookmaker to another. Then check whether the minimal deposit rate is not too high and the sum of maximal payout is not too low. If there is something you don’t quite understand in terms and conditions of the bookmaker you have chosen, do not hesitate to address helpdesk. It is highly important that you understand everything in the terms of your bookmaker, as any insignificant misunderstanding may lead to your failure. Also we advise you to have some preparation period before you start making bets.
Study the rules of sports betting, find some helpful tips, and choose one or two strategies. All these will help you to succeed in sports betting. You should always remember that sports betting is a very exciting game that will help you to relax after a hard day’s work or to forget about your household routine, it will bring you a lot of fresh emotions and fill your life with passion. Still, it is rather risky, so to avoid troubles, you should take gambling seriously.