How to win sports betting: Some background
Sports fans who become sports bettors always expect to make money off their bets, but it just doesn’t seem to work like that if you don’t have the right winning strategies. If your strategy involves sitting back and making a gut-feeling decision, then you can’t be that disappointed if you don’t get anything from your bet.
Making money from a hobby is everyone’s dream job, but many are very skeptical about whether making money from sports betting is actually achievable or not.
In the end, there may be a few things these sports betting fans are either not aware of or not taking it seriously enough to realize that it’s possible to win with sports betting, but then you have to make a few sacrifices. So, can you make money betting on sports? Well, making money by betting on sports online is a reality, but most people start off doing it as a side hustle, and most keep it that way.
If you’re not a believer, there are some basic bettors’ behavior you can consider that may change your perspective a little. First, sports bettors usually choose to bet on their favorite sports because it’s the sport they most likely know most about. However, this may not be the ideal sport to bet on or the ideal bet to make in that specific situation.
Profitable sports betting requires a lot of analysis and a hint of math to turn a game of chance into a profitable endeavor.
It’s not easy to make money betting on sports, but the rewards can be outstanding if you get it right. Before placing a bet you want to make a profit out of, there are quite a few things you need to consider for your actions to go in the right direction. Below are some essential tips that show you how to think differently about sports betting in order to make money off of your wagers and win, based on math and strategy. There really is nothing like getting that winners’ feeling after your wager lands.
Tips for how to win while sports betting
Choose quality bets
One of the primary skills you require to make educated decisions as a profit-oriented sports bettor includes identifying a quality match or betting opportunity. In order to determine the quality of a bet, you can use helpful tools like EV or expected value. Expected value requires some math knowledge, but it’s a simple process that provides some very valuable information. In betting, the expected value (EV) measures what a bettor can expect to win or lose per bet if it is placed on the same odds repeatedly. Thus positive expected value (+EV) shows a potential profit over time, while a negative value (-EV) shows a potential loss over time.
The home team doesn’t always win
What a heated debate this can become! Many staunch supporters swear by the house team consistently winning, but is that always the case? Although there is evidence to support this, it would be unwise for a profit-oriented bettor to decide based on what most people think. You don’t want to get a big, nasty surprise in the end, and that’s the whole reason why smart, profit-oriented sports bettors incorporate math and analysis into their decision-making process. So, if you want to know how to win while sports betting, you may want to re-evaluate your current stance and look at how successful sports bettors aim to analyze each betting opportunity individually.
There’s no such thing as beginner’s luck
Beginners’ luck is nothing more than an adrenaline rush, but it is oh-so addictive. Once you’ve experienced it, you’ll do anything to feel that sensation again – even resorting to superstition or emotions to steer you off the cliff and into the waters spiraling failure.
The whole point of betting to win is to believe that there is no such thing as luck. Everything a professional bettor does and every decision they make is based on facts, research, analysis, and numbers.
There are not many successful bettors in this regard because most people make an emotional blunder somewhere, lose it after they lose a bet, or go with their gut.
Successful sports betting has no place for anyone’s gut feeling unless they want to feel gutted after they lost their bet.
Discipline is key
You probably saw this coming by now, but discipline is one of the most essential skills you need to train and develop proper, winning, sports betting skills. Discipline is crucial to maintaining the right mindset cultivating good betting habits. There is always room for improvement, and a great way to improve your discipline and your betting strategy is to reflect after every bet you’ve made, whether it was a winning bet, especially if it was a losing bet. Try to identify your weaknesses and develop an analytical mind that is keen to look in every corner until the answers are found. In other words, no impulsive decisions, no change of plan, except if the betting situation requires it, and keeping yourself accountable.
Your loyalty lies with your profit
It’s normal to feel loyal to one sportsbook, especially if you’ve been supporting it for a long time. However, if you want to start winning, your strategy needs to change in this regard, and you need to prioritize winning instead of a specific sportsbook.
When you do your research for a specific bet, look at what other sportsbooks have to offer. Do they offer better odds? If this is the case, then that’s where your loyalty should lie for your current bet.
A professional bettor does not link themselves exclusively to one operator – they always shop the lines and do thorough research. Always keep in mind that the sportsbooks are also in competition with each other and this will influence the offers they make available to you.
Here’s what it all comes down to
To make money with sports betting, you need to have some knowledge of math that underpins winning bets like profitable football betting options and even more, repeat winning bets.
So, in order to break even as a sports bettor, you’ll need to win 52.4% of your bets.
That means that to actually make a profit and win extra money as a sports bettor, you need to win more than 52.4% of your bets.
So, why isn’t it a 50/50 scenario? That makes more sense, right? Most people think that if they win 50% of their bets, they will break even, and anything above 50% would result in profits. Here’s why that’s not accurate and why it’s crucial for all bettors who want to make a profit from betting to know this:
Consider the case of point spreads, which usually have a 50% probability of winning, the sportsbook makes you wager $110 or more just to win $100.
Thus, if you’re losing half of the time, and you’re losing more money than you’re winning the other half of the time because your stake needs to be higher than the return you’ll get, you’re going to lose a significant amount of money in the long run, which is going to put you into a negative cash flow position.
This is why, in order to break even, a sports bettor can’t go on a 50/50 ratio. It has to be adjusted, and the exact percentage that reflects how many bets a sports bettor needs to win to break even is 52.4% of their bets. This is a basic fact you cannot go without if you want to start making money from sports betting.
Although we’ve touched base in this article regarding all the related aspects there are to analyzing and calculating the success or value of a bet, there is a lot more that can be said. For example, EV on its own is a fantastic topic, so we encourage you to take a look at our articles explaining EV right here on TheGruelingTruth.com.
Is it nice to know now that you know how to win sports betting? We think it’s fantastic, and a great way to explore sports betting from another perspective.
How to win sports betting FAQ
Our betting experts at TheGruelingTruth.com have provided some fantastic and very helpful sports betting guides for those who want to know more about making money and winning with sports betting. It’s all here and ready for you to read, so go on and take a look.
It’s not impossible to become a professional sports bettor; however, you will require some skills and experience to go pro. In our article on winning with sports betting, we show you the basic concept and tips on making winning bets so you can get started right now!
Although there is a wide variety of tips that a winning sports bettor can follow to be successful, there are a few that definitely stand out. We discuss these tips in our sports betting guides, so don’t forget to take a look.