The best in the business are professionals who devote most of their lives to researching and handicapping matchups. Even then, most of these professionals would be ecstatic with a 54% win percentage.
Having said that, it stands to reason that beginners can’t just luck into consistent wins at the outset of their careers.
While some beginners might start hot, eventually, the fabled beginner’s luck will run out.
Despite this fact, many new gamblers fully expect to break into the business and make money. Much to their dismay, profitable betting comes from hard work and dedication to becoming a better sports bettor.
If you’re considering giving sports gambling a try, there are several essential tips to help guide you. Here are seven rules every new sports gambler should live by if they aspire to win money.
Learn About the Sports Betting Industry
There is a massive difference between being a die-hard sports fan and a competent sports gambler.
Engaged sports fans are those people who watch sports and keep up with teams and leagues in their free time. While that extracurricular pursuit of sports-related information can serve you well, there’s more to it if you want to win.
It’s never been easier to be a new sports gambler. Betting is a challenge, but there is now an overabundance of information about the industry across the internet.
It certainly helps that the stigma surrounding sports gambling has slowly worn off over recent years. Whereas most teams and leagues might have turned a blind eye to gambling in the past, most are now embracing it.
As a sports gambler, it’s crucial to take advantage of all of the extra content available. Popular media outlets and networks are chock-full of information to assist in your development.
So, before you begin your journey, invest time into learning about how the industry operates.
Pursue Solid Sources for Information
As most major networks and media outlets embrace sports gambling, it seems everyone now has an opinion on gambling.
But, being selective about which of these talking heads to pay attention to is a must. If sports are a significant part of your identity, then there’s a good chance you prefer some media outlets over others.
If you lack experience, it’s challenging to decide who you should pay attention to. A good rule of thumb is to figure out where a particular analyst or media personality got their start.
Certain personalities have been longtime gamblers, while others are merely faking their sports gambling acumen. Sifting through the mounds of gambling-related content requires diligence and media literacy.
But, once you establish strong sources of reliable information, the entire process will become infinitely easier.
Practice Before You Place Legitimate Bets
After you have dedicated enough time to understand how sports gambling works, you’re going to feel compelled to start betting.
That’s understandable, but here’s an uncommon practice that many of you will find useful.
For a week or so, you should select wagers and keep track of their results as the week goes on. While there isn’t a financial benefit to this practice, it will provide you with a progress report on your development as a gambler.
If your winning percentage is above 50% at the end of the practice period, you can proceed by placing actual wagers.
Take Time off Once in a While
Everyone needs the occasional break; this is why society has weekends and vacation time.
If you don’t take a break from your job, you’ll burn out. Similarly, if you don’t take some time away from gambling, the same thing will happen.
New gamblers often struggle to control the amount they bet when they first start gambling. Eventually, it’s common for them to either run out of money or carry on at an unsustainable pace.
While I understand wanting to place as many bets as possible, it’s not advisable. First and foremost, that impulse will lead you to bet on sports you’re not familiar with.
Additionally, it can lead to you ruining your experience as a sports fan, especially if you’re losing money.
Everyone is different when it comes to how much action they can handle weekly. But, starting out, consider only betting a few days a week and taking several days off in between.
Practicing self-restraint will help increase the length of your time gambling. Also, the time off will give you plenty of opportunities for analysis and the accumulation of information.
Carefully Budget Gambling Expenses
Bankroll management is the most crucial facet of the business to master as a sports gambler.
If you are unable to handle money responsibly, you stand no chance as a sports gambler.
This budget, known as a bankroll, should be made up of extra income that would typically be spent on hobbies.
You should not invest money into gambling if it’s already spoken for. Frequently, gamblers will do that very thing expecting to make their money back.
But, nothing is guaranteed in the world of sports gambling. So, if you bet with grocery money and lose, you’ll find yourself eating some cheap meals until payday comes.
Don’t Gamble Out of Boredom
It’s a common practice for bad sports gamblers to bet on games because they’re bored.
These ill-advised bets might come after a long day of watching football on Sunday. They might come during the middle of the week as a way to tie you over until the weekend.
Regardless of when these bets are made, they are rarely, if ever excusable for inexperienced gamblers.
Every single bet you make should come after investigating lines and finding the best odds possible. When wagering to simply occupy your time, you can rush into the process and end up making sports betting mistakes.
Sometimes it’s best to enjoy sports as a fan of the game instead of someone who has a vested interest in the results. As I said earlier, overdoing it can lead to sports-related fatigue and spoil the sports-viewing experience.
Only Bet on Sports You Know
When you first start betting on sports, sticking to one sport that you know the best is optimal.
By doing so, you’ll set yourself up for success and enable yourself to gain a deeper understanding of the industry.
You might think that you know a sport well enough to make money off of it, but the opposite is likely true.
Before you start betting on any sport, you must understand the inner-working of the sport to win money.
Sports betting is a complicated business. Hopefully, any new sports gambler can get off on the right track and be successful with these rules.
Before doing anything else, make sure that you understand how sports betting works. Just because you’ve watched sports your entire life doesn’t mean you’re going to be a quality gambler.
One of the easiest ways to gain familiarity with the business is by consulting quality sources of information. Everyone has their tastes and preferences, but make sure the pundits you’re consulting are reputable.
Before depositing money into a sports betting site, consider making a series of practice bets. That way, you can track your progress and see if you’re prepared to put real money on the line.
Speaking of money, a gambler’s best friend is a properly managed bankroll. Always be responsible with your money, and don’t let your gambling habits get out of hand.
Finally, stick to betting on the sports you know best out of the gate. Gaining confidence in your abilities and becoming more familiar with how the industry operates can lead to successful gambling.