Before we talk more about advanced sports betting strategy, there are a few basic principles that we want to address. These are as many rules as strategies and are imperative if you want to consistently make money from sports betting.
1. Bankroll Management
Sports betting Ivi Bet should be seen as an investment. You invest your time (research) and money (stake) to try and win more money (ROI). Your bankroll will determine the amount you should place on each wager and sticking to these limits is imperative as it means that when you lose (and you will lose from time to time) you can soak up the loss without a worry about finances.
2. Learn How Odds Work
You must know how betting odds work before placing whatever type of bet. Odds represent the payout based on the probability of that result. So, a coin toss would be 50/50 or even money for heads or tails.
You also need to know why the odds change. There are generally two instances of this and that’s based on the amount of money wagered or something that would affect the chances of the result, such as a star player getting injured or a change in the ground for horse racing.
3. Find the Best Betting Lines
You need to spend time searching for the best possible betting lines for your picks. All the best online sportsbooks will have different lines for the same bet and by not taking the best price.
4. Avoid Parlay Bets
Although popular, Parlay bets should be avoided even though you can win huge sums of money for a relatively small stake. However, if you want to profit long-term from online betting, you need to avoid this bet type like the plague.
The reason is that they rarely win and will lose you a lot more money in the long run than they will make. If you’re starting, especially with a small bankroll, they are going to drain you faster than you can keep up with. Stick to straight wagers and futures bets.
5. Embrace the Data
Data is key when choosing potential picks, it’s great to use a service that provides AI-powered predictions. You need to have more than just a hunch or feeling about a bet and instead, back that up with data that can be applied to ensure you’re on the right lines.
There are tons of sites that offer free and paid data services. You can use the home sites of the NFL, MLB, NHL, and NBA to pull huge scores of data for free. Paid sites won’t necessarily have access to more data, but they will help you translate the stats into bets, which saves a lot of time, especially when starting.