Sports Betting Facts

• September 18,2019
• -
• Jake Woodward

Sports Betting Facts

Betting on sports, or anything in this niche can be nerve-racking, especially if you’re new. With all the nuances of online betting, even a seasoned professional can be overwhelmed from time to time. Given the stakes involved, we know how daunting betting on sports can be, so we’ve written this article to educate you about some “must-knows” of the betting world.

The Basics of Sports Betting

 

1. In-depth research is a must

Even if you’ve been betting for a short period, you must have had at least one person tell you, “Don’t bet with your heart, bet with your head.” As cliched as that may sound, we cannot emphasize this enough. If you’re betting on a particular sport, it would be safe to presume that you were a fan even before you decided to dabble in betting, so naturally, you have your favorites. But in betting, you will have to face the harsh reality of knowing that your favorite team cannot, or player cannot always win. You need to take facts, odds, and probabilities into consideration.

So, you may be wondering, “How does one offset their deeply held personal biases?” One word – research.

Does one particular team/player have a history of winning against another one? Do they play better than others in certain weather conditions? Have they been injured recently, or could they be tired from travel? In sports, the most seemingly inconsequential details could turn a game around, so be sure to do your research before you bet. You can refer to the official Premier League website for statistics, but you'd still need to interpret it.

 

2. There are multiple types of bets

In most games, there are three possible outcomes – a win, a draw, or a loss. In betting, this is known as 1X2, and it is a prevalent betting type, given how straightforward it is. But there are sever other kinds of bets. They also are known as betting markets. Some common ones include European handicaps, Over/Under, Half-time bets, accumulator bets, and parlays, to name a few. Different types of bets are more profitable than others, depending on the risk involved, and the nature of the game being played. It’s just a matter of finding what suits you.

 

3. Don’t always rely on a bookies’s odds

Know this - bookies still have the upper hand. They are notoriously famous for changing the odd if the bets being places are one-sided, to make a profit for themselves. But don’t hold this against them, at the end of the day, it’s their job, and they need to make ends meet. One way around this is to use multiple sports bookies odds to compare, and see who's offering what rates and at what point of the match or betting outcome.

 

4. You need to use strategies if you want to make profits

Casual punters may stake their money on whoever they think may win without giving it a second thought. Now, this may work out for a while, but if you’re thinking long term profits, you’ll need to use strategies. There are plenty that you can choose from, each of them with its risk level and profit margin. You can opt for arbitrage betting, hedging, progressive betting, hedging, Martingale, etc.

 

5. Tipsters are your best friend

In sports betting, no one can be more beneficial to a punter than a betting tipster. They are individuals that want you to beat the bookie, and their predictions reflect the same. They steer you in the right direction and help you win. There exists a whole range of tipping services on the internet, both for free and for a commission. We would recommend paid services, as they’re more reliable, but with the profits you make, they’re well worth the investment.

You can read more content like this today and browse through betting topics that range from types of betting, tips, and tipsters, betting for newbies, betting for experts, and much more. Sign up today.