Sports Betting Tips that Actually Work!
Are you tired for being an amateur sports bettor who wants to start winning like a pro? Do you have to learn some secret formula or something? Not actually, but below are five tested tips that you can try as you place your next bet:
Ask a professional sports punter who they’re betting on and you may be surprised that it’s not the one they think will win. This is important because winning punters generally bet on results that they think are highly probable, rather than what the odds are saying. These pros stack up their wins over time by looking out for results underestimated by bookmakers. They may bet on who’s popular or on the underdog, but in any case, they only bet when the odds are good.
Mind Before Heart
Instead of objectively assessing the likely outcome, many people let themselves be swayed by their emotions when betting. They may bet for their country, their hometown, their idol, etc. Of course, the bookmakers will respond by tweaking their odds as deemed necessary. Hence, the odds-on favorite to win might be selected based on popularity instead of the bookmaker’s actual assessment of their odds of winning. So if you already have an emotional investment on your team, forget it and be careful when betting on any result.
As you may know, Warren Buffet, one of the most successful stock market investors ever, advises against investing in something you don’t understand. This applies even in sports betting. You’re after results that are more likely to happen than what the odds are saying, so before that even becomes possible, you need adequate knowledge in your desired games .
The Bigger Picture
There are times when people get so engrossed in sports betting that they tend to be obsessed with statistics and having to analyze them before deciding which players or teams they should bet on. According to a study by the Journal of the Association for Psychological Science (APS), you can actually harm your chances of winning if you do that. Not to say that you should ignore the data, but experts advise looking at the overall picture instead of being overwhelmed with small and usually irrelevant factors.
Lastly, regardless of how great you become at sports betting, accept the fact that you will lose a lot of games. We all hate losing, but if you let your losses eat you, you may just end up in the middle of a psychological phenomenon called the sunk cost fallacy. It’s when you feel so bad about losing money that you start to behave irrationally, making you lose even more. In simple terms, as any betting pro would advise, accept that some days will be good and others not so.