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betting

Sports betting has tremendously evolved in the past 20 years. Back then, sportsbooks were only located outside the stadiums or sports fields. You’ll have to line up just so you can place your bets and surely, that will consume a lot of your time.

Nowadays, sports betting has been made easier with the help of technology. People can now download apps or visit websites to be able to place their bets. Because of this, more and more people are starting to involve money with the sports they love to follow.

Who says sports betting can’t be profitable? In 2010, Bill Walters, a former professional poker player, placed a $3.5 million bet on New Orleans during that year’s Super Bowl. It was said that at that time, New Orleans was the underdog. Walters shared that his bet was well-thought and calculated as sure enough, he did not lose. The exact amount that Walters won was never disclosed, but we’re sure he brought home more than the bet he’s placed.

The bottom line is that sports betting can really be profitable if you take it seriously. If you want to earn money through this form of gambling, then keep on reading as we’ll tell you how you can be a better punter.

  • Have a Dedicated Bank Account

We’re sure that you already have your bank account somewhere, but if you really plan on earning more from sports betting, it’s best to open a new bank account that will solely be for this venture. The amount you should place in this bank account should already be your budget for the whole season.

Depending on how much you have, having a separate bank account can also encourage control when it comes to deciding when to stop or continue placing bets. If you already have the money in this account for the whole season, then make sure that you avoid adding more money from your other accounts.

If you have hit an amount that you already find critical, it’s either you already stop betting for that specific season or exhaust all your funds in this account. This will really depend on your mindset when it comes to spending what’s on your betting account.

  • Don’t just rely on one sportsbook

You should at least look around for three top sportsbooks that have great offers and bonuses. Speaking of bonuses, don’t get fooled by free bet offers. This is when you’ll have to pay for your first bet and if you lose, they will advertise that they’ll return your money.

You need to take a look at its fine print as this kind of bonus isn’t really free. They will most likely only return a specific amount to your sportsbook account, and you may have to keep on betting through them to be able to reach the minimum to cash out.

Find at least three reputable sportsbooks and check if their policies will make cashing out convenient for you. Always check online reviews about the sportsbooks you’re checking out.

  • Don’t bet on every game

If there’s a match every day or week, don’t keep on placing your bet. You can wait until you’re confident enough about winning. Always review the team stats and potential to win before you finalize your bet.

If in any case or for some reason, you feel like there’s a sudden change before the game begins, minimize the amount you’ll place or just don’t place a bet at all. Another thing to avoid is chasing bad bets. This is a behavior that punters with low control have. A lost shouldn’t equate to another bet. Know when to give yourself a rest.

  • Bet on the favorites early and don’t be afraid to bet on the underdogs

Punters use this strategy from time to time. At the start of the season, while there is still a lot of teams involved in the game, start betting on the favorites as they are most likely favorable because of their chances winning.

If it’s a big game that involves a lot of team at the start, you can simply place your bets based on what the people are going for. The start of the season is when you can enjoy betting, but as the team gets fewer, keep your eyes and ears open.

Frequent sports forum and listen to sports analysts talk about the matches. The media will always hype up teams that scored the most during the season, and that doesn’t mean that you have to follow what they all say. Bet on the underdogs if different data and analysis can prove that the underdog team can win.

Like any other form of gambling, sports betting can be addictive. This could be more so if you’re simply aiming to earn more money instead of enjoying the games and matches as well. To better the chances of gaining profits instead of losses in betting, always set your limit and stick to it.

Luck isn’t the only thing that matters in sports betting. Dedication would help you make better decisions. Always place bets based on data and statistics and rarely your gut and instincts.


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