There are so many reasons why betting strategies are important, that it’s almost difficult to decide where to start. Essentially, if there’s one thing you should know as a sports betting newbie, it’s that this game ain’t no lottery. When betting on sports, you’re not merely buying a ticket and hoping your number comes up.
On the contrary, sports betting requires skill, tact and knowledge of sports in order to help you win. Additionally, some form of bankroll management and a basic wagering strategy is essential if you want to build up that bankroll over time. Below, we’ve laid out just some of the main reasons why deploying a sports betting strategy is of vital importance.
Maintaining bankroll
The best betting strategies for US players will usually help you win over time if implemented correctly. However, at the very least, a basic betting strategy is essential for maintaining your bankroll and ensuring you don’t lose. Most importantly, bankroll management strategies will help you to keep your betting regulated and stop you from getting carried away or into a hole.
Skills to bring in the bills
The other important side of betting strategies is using your skills and knowledge to help you get ahead of the game. We’re referring to two elements here. First of all, your knowledge of the actual sports themselves play a massive part in helping you to place winning bets.
More than that though, you also need knowledge of the gambling world. That is to say, you need to know your odds, betting markets and where to find the best value bets. The best betting strategy is simple – just use your combined knowledge of the above to tip the odds in your favor.
Who should make use of our best betting strategy guides?
While strategies are of utmost importance to sports betting beginners, quite literally anyone can make use of the sports betting strategy guides here at Betastic. Beginners though, need to start with our 1.01 betting strategy guides.
That means starting off with the basics, such as bankroll management, learning the ropes of the betting world, and how to turn your knowledge of the sports you love into potential winnings. As we said in the section above, at first it’s all about keeping your bets in check whilst slowly building up your bankroll as your skill levels improve.
Strategies for gamblers of all experience levels
Our betting strategy guides don’t only exist for beginners though. Gamblers and sports betting fans of all levels can find something here to help improve their game. It doesn’t matter if you’re an intermediate looking to level up and increase your bankroll, or a seasoned expert looking for a new and fruitful approach – we’ve got it all here.
From old staples like the matched betting strategy and arbing, to more specific strategy guides tailor-made to each sport, we’re confident there’s something for everyone. As well as cover gamblers of all experience levels, our strategy guides also cater to a variety of tastiest and interests from within the sports betting world. It’s not just sports betting strategy guides that you’ll find here either. We also have guides for casino gambling, online poker strategies and more.
Our top 5 best betting strategy tips
Throughout our strategy guides here at Betastic, you’ll find details of each and every individual strategical approach to sports betting – and more. However, before we go on and delve into those details, you’ll first need to get your head around the basics – especially if you’re completely new to the world of sports betting. That’s why below we’ve provided you with our top five sports betting strategy tips to help you get started.
Manage your bankroll
Before you even think about choosing your betting site or placing your first wager, you first want to think about your budget. For starters, you need to think of an overall initial bankroll, that should be an amount you’re comfortable with losing. Once that’s decided, you then need to decide on a per-wager budget. Generally speaking, we recommend using no more than 1-5% of your total bankroll per bet.
Find a good sportsbook
Once you’ve got the basic budget plan in place, you then need to choose the sportsbook that you’re going to do your betting with. First and foremost, when choosing a sportsbook online, you need to make sure that is licensed to operate in your state and has a reputable track record. Once you are happy the site that you’re looking at is legit, you can then start thinking about other aspects. For example, does it have a good bonus, competitive odds and a focus on the sports that you are interested in?
Understanding the odds
Before you can start diving into the world of sports wagering, it’s vital to understand odds and how they work. First and foremost, it’s important to understand the various odds formats and how to read them. The most commonly used odds format in the US is moneyline, sometimes referred to as American odds. Going beyond that, if you really want to get ahead of the game, you need to build up a deeper understanding of how odds work and how the bookmakers create them.
Betting markets
As well as odds, there are betting markets that need to be learned. Even if you’re a complete newbie, it can be assumed that the majority of you will have knowledge of some sports. While sporting knowledge will help you somewhat, you also need to understand the various betting markets that apply to each sport if you want to put the best betting strategy into practice.
Stick to what you know
Especially important at first, but also going forward, stick to betting on sports that you already have a solid prior knowledge of. As we mentioned before, sports betting ain’t no lottery, and it shouldn’t be treated as such – so use your knowledge to get ahead of the game!
Sports betting strategy terminology
The best betting strategy guides here at Betastic will contain some terms that might be unfamiliar to some of you. That’s why below we’ve provided a shortlist of the most important sports betting terms that you’re likely to come across.
Bankroll – Refers to the money that you are betting with and have won. The object of the most basic sports betting strategy is to start with a modest bankroll and build it up over time.
Pre-match – The most common type of sports betting, whereby you place your bet before the contest starts
In-play/live betting – When you place bets on a contest as it is happening in real-time
Odds – The numerical representation that shows the probability of an outcome and how much you stand to win if you bet on it.
Moneyline – The most basic form of betting line, whereby you pick a winner or a loser.
Handicapping – A type of betting that aims to even up the odds of an otherwise one-sided contest
Over/under – A betting market that involves betting over or under the number of a stat, rather than on the winner/loser of the contest.
Favorite – Just as the name suggests, this refers to the person or team most likely to win.
Underdog – The person or team deemed most likely to lose.
Notes of caution when using the best betting strategy
While using a sports betting strategy will undoubtedly increase your chances of winning substantially, nothing is guaranteed. That is to say, gambling of all forms will always have an element of chance involved.
We should therefore point out that, while betting strategies are extremely useful – in fact, essential – there is no magic wand that you can wave in the world of sports betting. At the end of the day, even the best betting strategy won’t guarantee you anything and will require effort and good implementation from your end. That being said, if you follow our guides closely, there’s no reason why your bankroll shouldn’t increase.
Risk management – don’t get carried away
Generally speaking, betting strategies should be approached and used in a similar manner to the tactics of a defensive hockey or soccer team. You want to tighten up the defense first and make sure you’re not leaking money consistently before you play your attacking cards to go and try and win some money.
Therefore at first, your approach should be more focused on maintaining your bankroll and building it up gradually. Going gung-ho will only leave you open at the other end and susceptible to losing it all. The worst thing you can end up doing is chasing your losses, or getting carried away with your winnings.
Sports betting strategy – the conclusion
The time has almost come for you to go ahead and start reading and implementing our individual betting strategy guides. Before you go though, just remember once again that there’s no magic wand, and that a slow and steady approach is key. Get the basics right first, take it slow and you should find that your bankroll will start to build over time.
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There are several betting strategies that could potentially help you to win money over time. However, it’s worth stressing that nothing is guaranteed, and that you need to put your own skills, knowledge and effort into things. Check out the sports betting guide at Betastic to find out more.
💪 What is the best betting strategy?
Naming one single best betting strategy is impossible, as there are so many. Additionally, it also depends on what you’re looking for and what your interests are. You can take a look at the wider approach to sports betting strategies and more here.
🏆 How do I win a bet every time?
Winning a bet every time is virtually impossible. However, you can increase your chances of winning by implementing even the most basic betting strategies. Click here to find out more.
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Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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