Sports betting companies are looking to hundreds of millions of dollars in 2021 due to the growing interest in the hobby. There’s no better time than now to pick up betting on sports betting sites.
But where do you start? How do you place quality bets without losing on the first few wagers?
That’s what we’re here to look at today. Read on to find out how you can start your sports betting career on the right foot on real money sports betting sites.
Avoid Bigger Parlays
The first way to make good money on sports betting sites is to avoid bigger parlays. But what are parlays?
Parlays are single bets that tie two or more bettors together into the same wager. This is often enticing to a lot of people since the more bettors you get onto a single parlay, the more you win.
A two-person parlay could net about 2.5 to 1 odds. If you get about eight people into a parlay, the odds of winning can be ramped up to over 100 times the original wager.
With that said, you should be careful about taking on these bigger parlays. While those Bleacher Report articles on the guys who made thousands of dollars on a single parlay may be enticing, it’s not something you see every day.
There’s nothing wrong with taking on a big parlay for fun, but know that the odds of hitting six or more legs are pretty unlikely.
Ignore the Public
You often hear the mantra of “the house always wins” when it comes to sports betting. This describes the idea of sports bettors losing their bets more often than they win.
While it seems unfair, it’s mostly true. Betting sites make money by taking in bets from wagers and counting on them to bet on the wrong team.
Because of this, it’s advisable to “ignore the public” when you bet on sports. This means try to ignore the betting favorite whenever a sports betting site puts up a wager line.
In other words, betting sites will put out betting numbers to get people to bet on the favorite. If they get enough people to bet on one team, they won’t be too concerned about losses if the underdog wins.
So go ahead and ignore the public as often as you can. It’s not foolproof, but you’re going to make some good money once an underdog beats the odds every once in a while.
A lot of people prefer pre-game betting, meaning they put money on teams and stats while watching it all play out after the fact.
Something that might be more lucrative is live betting. Live spreads often use algorithms to adjust the odds, meaning your bets won’t be affected by the flow of any game or match.
If you’re betting on a football team, you can make a good amount of money through live betting. Live spreads can get bigger as the game goes on, so underdog bettors who count on regressions to the mean might be able to walk away with a big wad of cash.
Do the Research
This is the slightly more mundane aspect of betting, but it goes without saying that researching teams and players is a great way to ensure quality bets.
Looking at players’ injury reports, their 10-game record, batting averages, PER, and other stats can inform you of how to place your money. You might pick up on something that isn’t being factored into betting lines, therefore leading to bigger wins.
Don’t trick yourself into making hasty bets though. You can easily dig yourself into a rabbit hole and convince yourself to take faulty wagers. Do the right amount of research and don’t overextend your reach.
Quality Over Quantity
Depending on the sports you watch, you might find yourself betting on a large number of games each weekend. NFL Sunday hosts almost a dozen games, while MLB schedules have a handful of games every single day.
While you can get away with placing bets every weekend or so on a large number of games, this isn’t a sustainable way to bet all the time. That is, you have to remember that sports betting sites make money by taking your betting money.
No bettor will tell you that they’re 100% confident in every game they bet on. Some might say they’re doing it just to be more invested.
With all that said, you should focus on the quality of your bets and how you feel about them instead of dishing them out willy nilly. Try placing less than five bets on any given day.
Understand the Math
Before you start betting, you should consider some of the math that goes into breaking even.
As a rule of thumb, try to win about 52% of your bets if you want to make more money than you lose. That extra 2% might seem arbitrary, but realize that betting sites want you to risk more money to win bigger bets.
For example, a regular site will need $110 for you to win $100. This means you’re liable to lose more money than you win if you’re winning only half of the time.
This risk-reward should inform you on how to spend your money and which bets are of higher quality than others.
A big terminology you need to understand is the plus-minus. In short, a team or player that has negative (or minus) odds is the favorite, and those with positive (or plus) odds are the underdog.
This might seem like it should be the opposite, but it basically stops people from always betting on the favorite. The plus-minus lets us earn a bit of money for betting on the favorite.
It theoretically creates a 50-50 chance of you winning by betting on either team or player. Remember that the plus-minus isn’t always correct, as sports can be pretty erratic.
Leverage Tips and Win Big At Sports Betting Sites
It’s no secret that betting can be an inexact science, but that doesn’t mean you can’t rake in a ton of cash while playing. Use this guide to win more money at sports betting sites today.
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