Sports Betting for Beginners: Tips to Improve

If you are new to the world of sports betting, then you are in for a treat. There are so many different ways to bet on sports, and all of them can be lucrative if you know what you’re doing. More than this, there are also many ways to go wrong when betting. 

In this blog post, we will give you a few tips to get started, and maybe offer something new even if you are a seasoned veteran. Keep in mind that betting is all about having fun, so don’t go too crazy with your money! With that being said, let’s get into it.

 

Don’t Be Biased
The very first thing that you should avoid as soon as possible as a new sports bettor is developing biases. Biases are very similar to habits, and once you have formed or developed a bias, it’s hard to get rid of it. The benefit of being a new sports bettor is the fact that you can begin sports betting without any biases.

One of the main reasons why you shouldn’t be biased is because it clouds your judgment and throws research out of the window. Never make a bet without doing research and never base your bet on a hunch or a bias.

Research as Much as You Can
You have probably heard the expression “knowledge is power”, and when it comes to sports betting, this is even more true. Sports betting is not like gambling at the casino where you can base everything on luck and hope for the best.

If you want to become a successful sports bettor then the first thing that you should do is develop a research ethic and research as much as you can before placing a bet. There are many variables to take into consideration, such as the history of the team and the individual players, the health of the player, are the players going through anything emotional at the moment that might affect their performance during the game, and more. If you love basketball, for example, but don’t have the time to do all of the research yourself, a handicapping service may be a great option for you. Handicapping services like Kyle Covers can provide you with detailed information about each game, NBA covers spreads, past performances, and what to look for when making your bets. 

Focus on One or Two Sports
Something that many new sports bettors do is begin betting on as many sports as they can. This is completely understandable since sports betting is exciting, and what is more exciting than being a fan of multiple sports and being able to bet on them at the same time? 

However, the more sports you begin betting on, the more research you’ll have to do. This in turn might become overwhelming and the quality of your research might not be as great as it could be. By focusing on one or two sports, you can learn about all of the divisions, the teams, and the players.

Understand the Lingo
If there is one area where you are at a disadvantage as a new sports bettor, it would be understanding the lingo that is being used. You might be thinking that the lingo that is used within sports betting is easy to understand. However, if you are completely new, you might miss a thing or two that could affect your bets. 

For example, a buck and a dollar mean a $100 bet, whereas a dime is a $1,000 bet. Then there is a hook, a handle, juice, off the board, over, and more. If you don’t know what any of these terms mean, that is completely understandable and exactly why you should learn the lingo.

Don’t Chase Losses
If you have ever gambled, perhaps you are familiar with the idea of chasing losses, and as a new sports bettor, you should avoid doing this. Chasing losses essentially means that if you are losing, you begin betting more to make up for the money that you have lost.

Unfortunately, life is not a movie and you most likely won’t catch a lucky break. Instead, you’ll probably end up losing even more money than you started with, and it’s a downward spiral from there. An easy way to avoid chasing losses is to have a budget for either the month or per week. It also helps to treat sports betting as a form of entertainment, and not as a way to make consistent money.

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