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Popular since the beginning of time, someone most likely bet on how far the first wheel would roll, sports betting is a popular pastime around the Planet. Home to many top professional leagues, including the NFL, MLB, NBA and NHL, North America is finally in-step with the rest of the world when it comes sports wagering. This is particularly true here in the USA as the Nevada monopoly on single bets, and LIVE sportsbooks, ended at 1:30 PM EST on Tuesday, June 5, 2018, when three sportsbooks in Delaware began accepting single game wagers. For the record, Delaware Governor John Carney placed the first wager and won $18.50 on a $10 bet when the Philadelphia Phillies rolled into Wrigley Field and crushed the Chicago Cubs.
Many jurisdictions have followed the Diamond State’s lead and now, more than ever, is good time to have a solid source of handicapping information. Vegas Whispers is your “one stop source” for all things sports betting, From LIVE odds, scores, and standings, to daily free picks, handicapping advice and recommendations on the best methods for placing wagers, we have USA ‘Cappers covered. Fans of sports of all sorts, plus bettors ourselves, the Crew here at Vegas Whispers have their fingers firmly on the pulse of the sports wagering world. We also have connections in the sports betting industry that few other handicapping sites can boast.
Making money betting on sports can be tough, but there are a lot of sports bettors who consistently win, and there are even a lot of professional bettors who make a good living off of sports betting. On this page you will find sports betting strategy and tips to help you become one of the winning bettors.
In order to help yourself make money or a profit from sports betting there are a couple of basic strategies or tips you will want to understand and follow. None of these sports betting strategies are secrets by any means, but following them will help you win money betting on sports.
The bettors who don’t follow any of these strategies are often referred to as “squares” and those are the type of bettors that the sportsbooks will make their profits from.
#1 Money Management/Bankroll Management
When you are betting on sports you should always set aside a certain amount of money, which we refer to as your “bankroll”, in which you can afford to lose. Like with any type of gambling, you never want to bet betting on sports with money you cannot afford to lose. Set aside a certain amount of money that you can use for your bankroll for the week, the month, or the season. A general sports betting strategy for money management is to only make bets with 1%-5% of your bankroll. For example, if your bankroll for the NFL season was $1,000 you would be making $10-$50 bets on each NFL game you wanted to bet on. It is also very important that you do not chase your loses with bigger bets. It is common for some sports bettors to be down money and feel in order to win it back they need to increase the size of their bets. This is putting yourself in the wrong mindset and will often lead to you losing even more money. Work with the size of your bankroll, and look to slowly increase it over the length of the season.
#2 Bet Sober and Don’t Go on Tilt
Although betting while sober seems like common sense, you’d be surprised how many people bet on sports under the influence. Is it a coincidence that the Las Vegas casinos offer free alcoholic drinks while you are gambling? I don’t think so. I don’t want to sound like your mother here, but betting while under the influence will impair your judgement and should definitely be avoided if you want to become a winning sports bettor.
The second part of this tips is “Don’t Go on Tilt”. Going on tilt or “tilting” is a commonly referred to term with poker players and basically means letting your emotions take over, which often leads to bad decisions. If you are angry or upset at something, such as a couple bad beats with your sports bets, you shouldn’t be placing any more bets. Take a break, go for a walk, get your mind clear before you start making anymore sports betting picks.
#3 Do Your Homework
This is maybe the most important sports betting strategy. You will always want to do your research before placing your bets. Although going with your hunch when betting your favorite sport may work some of the time, in the long run it will not lead to you winning money betting on sports. In order to profit from sports betting you will need to research, study, and do your homework for each pick you make. You also have the top bettors in the industry doing your homework for you! Look at stats, find trends, create sports betting systems, analyze past games – basically do everything you could possibly do to ensure you have value in your pick before you place your wager.
#4 Line Shopping
A very big step to becoming a winning sports bettor is to make sure you are shopping for the best lines. What this means is that you will have to have an account at a couple of different online sportsbooks and when you are ready to make a bet on a certain team or outcome you check the different sportsbooks and find which book is offering the best line for you. For example, if you are looking to bet on the New England Patriots on a 7-point spread, you would want to check a couple different sportsbooks to see if any of them are offering the Patriots at 6.5 points, or at the very least find the best price you can get them at 7 points at. Line shopping is definitely one of the best sports betting strategies used by winning sports bettors.
Now that you’re armed with the basics, do you think you’re ready to join the group? Pick a plan that’s right for you. We’ll help guide you the rest of the way.
Still have questions? Check out our Introduction to Sports Betting.