Sports Betting Tips to Succeed

To become a successful sports bettor, and develop a winning sports-betting system, you require dedication, perseverance, attention to detail and an analytical mind. These qualities will ensure you have the necessary mix of persistence and discipline, as well as the skill required to become a success at sports betting. Of course, it also helps if you love watching sport, and are good with numbers. Even if you have these core qualities, you may find that your sports betting is not as successful as it could be. I suggest the following general sports betting tips to help you become a success…

The importance of record keeping cannot be underestimated. Without an appropriately detailed log of sports bets you have placed the task of tracking and identifying your record becomes near impossible. I suggest recording at least the following information: odds, units wagered, type of bet, result, bookmaker. By recording this information over time you will be able to analyse it and determine which bets are more successful, and hence adjust your betting patterns appropriately.

Money management is another key to becoming a successful sports bettor. After establishing a bankroll for your sports betting I recommend applying the Kelly Criterion to determine the optimal betting unit. You can then modify your betting amount by wagering multiples of your betting unit. That is, if your system indicates a large discrepancy you may increase your bet amount by wagering 2 or 3 times your betting unit as defined by the Kelly Criterion. Again, it is important to track your results so you can see how successful your multiple betting unit bets are.

The internet makes the job of comparing bookmaker odds so much easier for the sports bettor. By comparing odds you can place your bet with the bookmaker offering the best odds. It is also worth keeping in mind that odds can fluctuate prior to the game being played. A general rule of thumb is to bet early if you plan on betting on the favourite (as the favourites odds often tighten as money pours in close to the game), and to bet late if you plan on betting on the underdog (for the same reasons).

By following these general sports betting tips you can become a successful sports bettor.

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