Top 18 Sports Betting Tips For Beginners
By Michael Flynn, Feb 20 2013 11:54PM
As a beginner to betting there are some factors you should be looking out for. To get you started I have put together my top 18 sports betting tips for beginners.
1. Set a Budget and keep to it.
Setting a budget for betting is extremely important, you must be disciplined and only gamble the amount you put aside. Whether it is a weekly or monthly amount, don't feel like you have to bet all the time. Even if you win stick to your budget.
2. Avoid the Casino and Games sections.
When you are on sports betting website you will notice that the games and casino sections are very easily accessible. These sections are where the bookies make the biggest margins, hence people lose their money there. Stick to the sports section.
3. Join several bookmakers.
Shopping around whilst betting is an important part of getting value for your money. Different bookies will have different odds for various sports. Learn which bookies provide the best value and in turn your profits will increase. Have a look at our top 5 bookmakers article.
4. Check the rules.
Each bookmaker will have their own rules on each individual market, make sure you understand what will happen if there is a non-runner or own goal.
5. Understand the market you are betting on.
This is vital to understand, especially with there being so many different markets available. Some of these markets can sound similar for example HT/FT is different to win both half's.
6. Don't chase losses.
Knowing when to stop betting can be quite difficult at times, however it is extremely important. Some days you will lose and just have to walk away. Remember that you have a budget and you have to stick to it.
7. Use the sign up bonus.
Each bookmaker will have a sign-up bonus and taking advantage of these offers will add a huge amount of extra cash to your balance. I have put together the best free bets here..
8. Use on-going promotions.
As well as a sign-up bonus most bookmakers offer on-going promotions for sporting events. I add these specials on my betting blog, so if you don't have the time to search for yourself just pop along there! The on-going specials will boost your betting balance or give you your money back on losing bets.
9. Check stake restrictions.
Sometimes the bookie will not want to take a bet, or offer a limited amount they will accept on an event. Before you deposit your money check that they will take the size of bet you wish to place. Also make sure you check the maximum win.
10. Check Payment methods.
There are so many ways to add funds to your account, but not all bookies accept all payments. A quick check of payment methods is important.
11. Read an up to date preview of the event.
Keeping up to date with the event is an important part of betting, the odds will constantly change depending on the probabilities of the outcome. So if a key player is side-lined by injury or the time of kick-off is changed, this is information worth knowing.
12. Check the weather conditions.
The weather conditions can change the way sporting events are played out, in F1 this can completely change the race outcome. Horse racing will also be affected heavily.
13. bookies are not banks. Don't keep too much money in your account.
Quite simply put, bookies are not banks. They are companies and keeping your bank-roll somewhere other than a bank or under your mattress is not a sensible idea. Of course having a small amount in is useful as withdrawing money from bookies can take 3-5 days using a debit card.
14. Don't bet whilst drinking alcohol.
Alcohol and betting do not go together, that is why casinos give out free drinks!
15. Don't pay for tips.
Paying for tips is not a sensible option for beginners, tipsters can have bad runs and will lose you money. Best to understand how a sport and a market works for yourself.
16. Watch the event you are betting on.
Not only does it make the event more exciting, you can also see how the odds change during a live match. Almost all bookmakers have live odds on their websites and this can teach you how to bet in the future. If the event is not on TV you can live stream it from the bookmakers. Live streaming bookies here.
17. Don't always back the favourite.
Favourites do lose now and again. There is no such thing as a sure bet.
18. Bet on markets that give better value.
When there is a clear favourite in an event the odds can be pretty dire. Look at different markets like over/under or Asian handicaps. Asian handicaps can be complicated to start with but worth learning, an overview of asian handicaps.
Hopefully this article was useful for you. If you have any other useful tips please feel free to add them to the comments below.
19. Double check you pick the right horse when placing your bet, I thought I had a big winner but clicked the wrong button!
20. Only pick winners! LOL
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