When it comes to sports betting, where do you start? It may seem a bit overwhelming but if you make your wagers with knowledge and a solid foundation, you’ll soon be on your way to making money. Follow along with some of our tips at VIP Sports Las Vegas on how to become better at placing the best bets!
1) Learn The Basics and Have a Solid Foundation
Betting is very simple, but that doesn’t mean you should just get started without knowing the basics. You wouldn’t drive a car if you had never driven one, right? Or, would you start most things in life without having knowledge of it? The same goes for betting and the more you know, the better you will be. Those who do well in life are highly educated in what they do. View our guide to sports betting basics that we’ve put together to learn all the terminology, as well as some tips and advice too. Using a sports expert that has the best information will be invaluable if you couple it up with your own knowledge too.
2) Find a Trusting Source for Sports Advice and Picks
This is one of our simplest tips. If you’re confident in the sources you’re getting advice from, or personalized service selections, then you can trust that the advice you’re getting is truly valuable as it’s coming from a source with experience and time in the business. Never choose a wide range of sources. Try one to see how it works and then once you start winning, continue with that source as you’ll learn the advice to follow and which to ignore.
3.) Set Goals You Can Actually Achieve
When it comes to betting on sports, winning a few wagers isn’t very difficult.. Anyone who knows even the smallest amount of knowledge about a specific sport can make some money. But, there’s a big difference between winning a few small wagers, and winning to make a large profit that will sustain you for a while. Set reasonable goals if you’re just starting out, and grow slowly. Make sound bets and choose from known winners as sources for betting advice.
4.) Set a Budget and Use a Staking Plan
No matter how much money you have, or what your short or long term goals are, setting a budget is a must. Decide how much money you’re prepared to wager and then use knowledge to make good solid bets
5.) Compare Odds & Lines
We think of this as one of the easiest tips to follow. Before placing a wager, compare the odds and lines first. Bookmakers and betting sites wont offer the same odds and lines so shop around and make sure you get the best deal!
6.) Be Selective About Your Bets
If you throw your money at a bunch of games, you’re not being smart about wagering. These days there are so many sports and games so it can be overwhelming on what to bet on. It’s important to be smart about what you bet on though. So, be selective! Making a few smart and knowledge backed wagers will almost certainly yield better results than just randomly betting on anything.
Think carefully about how many different sports you feel comfortable betting on and how many different leagues or competitions to bet on. It’s not necessary to just bet on one sport, but we recommend not spreading yourself too thin by betting on sports you know nothing about.
7.) Learn Betting Strategies
When you’re just starting out, or are a beginner, the chances are you’re not thinking at all about strategy. If you are, then you’ve already got a leg up on most other beginners. Never ignore strategy entirely. Learning and knowing the basics is pretty straightforward and easy if you commit the time to learn it. And, these sports betting basics can really make a huge difference in making good decisions that will help you not only win, but grow in sports betting. Life can get busy, so obviously, there’s no need to learn about every single strategy, however knowledge is power and it can make a huge difference.
8.) Keep Records Of Your Bets
Not many beginners take the time to keep records of their bets which is a big mistake. If you don’t keep records, it’s hard to keep track of how your money is being spent. And, by keeping records, it can help you stick to your budget too. Also, keeping records helps you study ways to improve. If you want to be in it for the long term, this is very important. Record the following aspects for each wager as a minimum:
- Odds of selection
- Result of wager
- Size of Stake
- Payout if you win