Sports Betting is one of the most entertaining activities to partake in when gambling online. It has a house edge like any other casino activity, but it’s small; as an avid sports gambler, you can actually make a lot of money and it’s a far more profitable activity than playing online slots or other games where there’s no way to overcome the odds.
Of course, sports betting lines of all sorts will always give the house an edge because it is the house itself that sets the amount of money that you can get from each bet. With some sports knowledge and a lot of know-how on how to get your online betting adventure started, though, there are many ways in which you can actually win money when gambling online in the world’s best sports casinos.
This article will serve as a way to introduce you to the world of sports betting by providing you with the best sports betting tips and showing you the best online sportsbooks in which you’ll be able to spend as much cash as you want. Use this guide wisely and get your wallet ready – millions wait for those who master sports!
15. See Which Sportsbooks Offer Better Odds for Your Desired Outcome
We know how hard it is to visit other casinos after you find an online casino with a sportsbook that makes you want to stay there forever. Some sportsbooks have that thing that just makes you want to stay there, such as the one you see in the Betsson Casino.
However, if you’re trying to maximize your profit, you might be better off having accounts that are active in 4 or 5 different sportsbooks. That’s because online casino sportsbooks tend to offer different payouts in the same games, so you can choose which one has a higher payout on the desired bets that you want to place before actually placing it.
Remember that, should you lose, the money will be lost anyway. But, if you win, you will win much more cash if you decide to place your bets on casinos with better lines. It’s quite a simple tactic, but one that many newcomers to the world of sports betting tend to be unaware of or simply decide to ignore out of laziness.Play at Betsson Casino
14. Know When to Bet on Small Teams or Underdogs
One of the most common rookie mistakes in the world of sports betting is placing bets in the underdogs whenever a player feels that it’s right to do so. Placing bets on non-favorites needs to be done with care because there’s often a very good reason for that team or player not to be a favorite in the sporting event that you’re betting.
Let’s take football as an example. Imagine that Real Madrid is playing Real Betis. In that case, Betis is the clear underdog. However, it might be smart to place a bet on them to win depending on the current buildup to the match; does Real Madrid have injured players? Are there any suspensions? Is Betis playing at home?
All of these factors play a part in the final result, and a Betis win could yield a 4x payout – or even more! Be sure to take all factors into consideration when placing a bet on any team, but be even pickier when doing so in a team that is considered an underdog.
We’ve used football as an example, but the same applies to other sports like MMA or Tennis. Check current injuries, form, training, and more.
13. Start with One Sport First
It’s quite tempting to place bets in multiple sports – we know that. However, as a newcomer to the world of sports betting, we strongly suggest you stick to placing bets in a single sport instead of trying to go all out in various gambling markets at once. This will help you get a better grasp of how things work without feeling overwhelmed by the idea of spending cash on various teams.
Of course, if you’re knowledgeable about various sports and you would like to place bets on them, then, by all means, go ahead. However, we need to be quite emphatic on this advice for people who are getting into the world of online sports betting with the idea of mastering different sports that they are not too knowledgeable about.
Do not bite more than you can chew, as the saying goes. This is going to be fundamental for you, as an online gambler, if you really want to stay away from losing all of your cash during your first few months as a sports gambler.
Baby steps go a long way in the world of sportsbooks – keep that in mind!
12. Study Team Injuries and Suspensions
We already spoke about this in our tips for betting on underdogs, but studying teams and players before a match also goes a long way into determining whether a team is still a clear favorite or if an upset could happen.
We already used football as an example, so let’s take a look at the UFC fight that happened in mid-2020 between Masvidal and Usman. Usman was already a favorite, but that wasn’t the only issue: Masvidal hadn’t properly trained for the fight and he still took the challenge.
That factor alone was grounds for you assuming that an upset was very unlikely to happen, which would mean that you’d be better off placing a bet on Usman to earn yourself some cash.
Things like this one happen in every sport. If the most important player of a team picks up an injury and you know that the team hadn’t been playing well without them, you might be better off not placing any crazy bets on them to win.
11. Bet on Big Events – Smaller Sports are Easier to Fix
This is a piece of advice that might not be as common in other places, but it’s one that we really need you to be aware of as it has been an issue in the past.
Smaller sporting events tend to be easier to fix because they draw in less attention than global events. That means that players or even coaches could agree on certain outcomes and place bets on certain things to happen in the game, which could lead to terrible cases of match-fixing across the sport.
This is one of the main reasons why we often recommend our readers to only place bets on major sporting competitions. In football, we strongly recommend you never go into the world of semi-pro. If you’re going to place bets on MMA, the same goes for it. Be sure to bet on the major events and not risk too much of your money on other sorts of events or it could mean the end of your cash.
You could also get lucky and win some extra money by placing a bet on a game that was fixed, but you might be unlucky enough to get in trouble for it. In any case, it’s better if you just avoid placing bets in non-global events!Play at Royal Panda Casino
10. Bet on Teams or Sportspeople that You’re Knowledgeable About
There is a huge difference between betting on your favorite teams or betting on teams that you know a lot about. On one hand, betting on your favorite team can be one of the dumbest decisions that you can make, because emotion often clouds your judgment.
However, betting on competitions that you’re knowledgeable about will allow you to make better decisions and place bets on teams that the average gambler wouldn’t have placed any bets on, which means you could end up with much more cash if it were to happen.
We do need to emphasize that placing bets on teams that you’re a fan of could end up costing you a lot of money. We strongly recommend you to take a better look at the way teams are playing and how competitions are unfolding before making a decision on who to bet your money on.
Another important aspect of online sportsbooks is getting to constantly study competitions and individual teams (or players, if you’re a fan of individual sports) if you want to make sure to always place the smartest bets possible. Get yourself soaked with the knowledge needed to thoroughly understand a sport and place bets that will make you win money.
9. Take a Look at Current Form
Never underestimate the importance of team form in any sport. This applies to everything, ranging from Golf to the most intricate of eSports. Many sports betting enthusiasts think that form is nothing but a construct of betting companies to change the payouts of games, but that couldn’t be farther from the truth. The form takes a toll on teams and overcoming bad form can be extremely difficult.
The issue with the current form (the last few matches played by a team or sportsperson) is that it creates a mental precedent that conditions teams and players to perform in a certain way. This can be positive as much as it can be negative. Let’s take a look at a couple of examples:
Liverpool went on an almost unbeaten run in the 2019-2020 season. Their form was so good in the Premier League that placing a bet against them was almost suicidal and the easiest way to lose money.
On the other hand, the Golden State Warriors had terrible form in the NBA during the same season, which meant that placing a bet on them was not smart at all. The latter was mostly due to the absence of key players, but the point stands.
8. Don’t Bet Too Much to Begin With
It can be very tempting to place large bets as you begin your journey in the world of sports betting, but the first thing you need to do is get a strong grasp of how the betting events work and how things unfold in the world of these sportsbooks. As such, we strongly recommend you to keep your wallet ‘closed’ after making your first deposit and spend as little cash as possible when gambling online at first.
If you’re just getting started, the best thing you can do is make a budget and decide the maximum amount of money that you will be betting on each line that you want to place a bet on.
It’s simple: budget according to how much money you’re willing to bet and make sure that your first handful of bets are small to help you get accustomed to how the games work and how betting functions in the online casino of your choice.
Once you become comfortable with the bets and you feel ready to move on more complex wagers, you should be able to increase the amount of money of each of your bets without having to take big risks.Play at Betsafe Casino
7. Get a Grasp of Team Positions on Sports
Never underestimate the importance of where players occupy space on the pitch when betting on sports. This is especially true if you want to place bets on players doing certain things in a match instead of placing bets on the outcome of a match itself, or a result to go on either side.
Let’s say, for example, that you want to place a bet on a football player to score a brace in a match. You need to know who to place the bet on. If you’re going to bet on a Liverpool player to do it, continuing with our previous example, you might not want to bet on Firmino even though he plays as a striker. He’s more of a creator than anything else, so your money will likely be lost.
Understand player roles and individual attributes if you truly want to make the best of your bets and avoid spending too much money on wagers that simply aren’t likely to happen at all.
The same goes for people who place bets on football defenders scoring goals – these things are not likely to happen unless you know that the team sets up to score goals from headers and set pieces.
6. Avoid Favoritism
We cannot stress this enough: avoid betting on teams that you support. That’s the easiest way to lose your money when betting on sports. You’re either going to be extremely negative or extremely positive, none of which help, as both cloud your judgment to an extent that makes it impossible to place a clear bet on an outcome or even define which outcome is more likely to happen.
This especially applies to hardcore fans that truly love their teams with their heart and soul. These people are far easier to get frustrated at negative results, which could mean that they will be far more likely to place bets on their teams losing even when they’re clear favorites.
They can also fall into the temptation of placing bets on their team to win because of some spark of blind optimism, which could result in a total loss of all your money.
We only recommend betting on your team if you’re not too keen on winning money when gambling online but if you would rather have fun while playing. There’s a simple trick in the book of sports betting that states that betting against your team is the best way to guarantee a win: you either win cash when they lose, or you lose cash when they win. Both outcomes are favorable to you!
5. Keep Track of Your Bets – Budgeting and Decisions Matter
Never place too many bets at once and, if you choose to do it, make sure that you keep track of them all. Avoid getting too much money on the line until you’re properly sure that you’ll be able to handle it and you should be good to go.
Also, remember that the way you make a budget is going to determine for how long you will be able to place your bets. Avoid overspending and your money will last you for as long as you want to play.
4. Start with Basic Moneyline Bets – No Parlays or Spreads!
Online casinos offer dozens of choices when placing bets in the best sportsbooks. It’s only natural for you to feel tempted to try them all out, but that not be the wisest of things to do. In fact, we strongly recommend you to avoid placing complex bets at the beginning of your journey.
Do not bet on any crazy combinations, parlays, or spread bets – just focus on betting on winners, losers, or ties. It’s the best way to get started in the world of online casinos.
3. Understand How Odds Work and How Sportsbooks Win
You need to understand how sportsbooks odd work before diving into the world of sports betting. Remember that online casinos are the ones that set the odds for each game themselves, which means that every casino will offer different odds, different lines, and different outcome payouts for all matches. Lines are always built differently, and betting on favorites is hardly ever worth the risk.
Understand that you’re often risking a lot of money when risking on a favorite for a payout that isn’t worth it at all. Check the odds and compare sportsbooks to make sure that you won’t end up losing money unnecessarily.Play at Betsson Casino
2. Make Sure You Understand Home and Away when Relevant
Never underestimate the importance of home and away matches in any sport. Home teams often have an advantage, which is often psychological, but still a rather important one. As such, ignoring that teams have a home edge could result in you losing money when betting on a “clear favorite” that is visiting one of their rivals.
Always take a look at the way teams play away and check their current form in away and home games to see how smart of a decision it would be to place bets on them winning away from home.
1. Decide Whether It’ll Be Your Hobby or Something More Serious
The most important part of the world of sports betting is to decide whether you’re doing it to win money, in which case you will need to study your bets and get really serious about what you’re going to do in a sportsbook, or if you would rather take things as a hobby and chill out while placing bets to spice up the outcome of a game.
Many of you would probably like to make a killing in rewards while playing, and understandably so. However, sportsbooks allow true sports fans to spice up their time watching matches without having them become addicts to online gambling. Choose wisely!
The Best Sports Betting Casinos to Put These Tips into Practice
All of these tips serve one purpose: giving you the best shot at making a profit in any of the world’s best sportsbooks. Now, in an attempt to provide you with an even better chance of making a killing in rewards, we’ve made a list of the best online casino sportsbooks for you to start your adventure.
We’ve also made sure to choose some of these online casinos because of their fantastic sportsbooks bonuses and competitions. Some of the bonuses found on these websites, like the Betsson Casino and the Karamba Casino, are some of the best that we’ve ever seen on any sportsbook.
You should also keep in mind that all of these sportsbooks come accompanied by a complete online casino where you will be able to enjoy the finest of online slots and spend as much cash as you want in the finest table games of the industry.
Whatever it is you want to do in the world of iGaming, these casinos are legitimately good places to start. Choose the one that you like the most and kickstart a journey towards glory!