Here’s the Best Advice If You Want to Be a Sports Bettor

The Golden Rules

So, you wanna make a bet, do you? Well, that’s fine and it’s becoming quite commonplace to do so with the advent of legalized sports betting throughout much of the United States and around the world. Of course, people have been opining on the outcomes of sporting events for generations and some of the best online shops in the world predate those that are available in several U.S. jurisdictions. For instance, Bookmaker has awesome tournaments and juicy payouts plus a track record of being the leader in the sports betting industry for decades.

So without further ado, let’s talk about the do’s and the dont’s of sports betting so that you can maximize your gains and limit your losses.

Choose the Right Sportsbook

Whatever you do, do not ask your friend where he bets, and does he recommend that sportsbook? Terrible idea because he may not want to let you in on a little secret – he’s only made deposits but never withdrawals because he’s a consistent loser!

The bare minimum you must require from any sportsbook is that they pay you in a timely manner when you request a withdrawal. It’s okay to sweat the game but never the payout. And that is why you have to do your homework and find those A-rated sportsbooks that have proven over time that they are rock solid when it comes to sending the money your way because we know every book on the planet will easily allow you to send the money their way.

Set Aside a Limit

Setting aside a bankroll isn’t always about how much money you earn but rather your pain threshold for losing. There are doctors and lawyers making beaucoup dough who can’t bear to bet more than $50 a game because that is as much as they can tolerate losing. On the other hand, there are blue collar workers, punching a clock whose threshold is much greater than $50 per game despite making far less than their white-collar friends.

The litmus test is don’t lose more than you can afford or any amount that will have you lie awake at night. It’s not worth it and this new hobby will be much more enjoyable and financially rewarding when you don’t put your foot to the floor on every game you bet. If it’s football season and you want to allocate $1000 for the entire season then go with that as long as you can walk away if you blow it.

Discipline is Key

There are two schools of thought regarding the maximum amount to bet on a game. The first subscribes to every bet being the same amount – considered one unit. A unit differs from person to person, so there are those who routinely bet $10 a game, which is their unit, while others might bet $1000 per game which constitutes their unit.

The other school of thought is that there are good bets, great bets, and those in between. These bettors adhere to a 1 to a 5-unit system which means if one unit equals $10 then your best bet of the month, five units, should equal $50. The key is not to overreact and brand every wager a five-unit play. 

Many professional cappers believe a unit should be one percent of the bankroll you have set aside for the season. Thus, if you have set aside $1000 for the NFL season then $10 per game is your limit. It doesn’t sound like much but it will keep you in the game from Week 1 through the playoffs while your buddies are flaming out by trying to chase their losses.

Oh, and that is another thing, never chase your losses by doubling up on a bet just to get back what you lost that day. Call it quits, and remember, tomorrow is another day.

Stay Away from Paid Touts

We have all heard paid professional handicappers boasting about their impossibly impeccable records. By and large, they are nothing but hype machines with a penchant for marketing and working their customers in a lather about their Platinum Play of the Century – which occurs about every week. They get you hooked on a plan where you pay by the game, the week, the month, or the season.

Instead, find a reputable site that has free plays from real handicappers who don’t make outrageous claims. Remember, if you can go 53 percent or better on your picks with the standard 10 percent vig (the bookie’s commission for allowing you to choose either side), then you will make money. Any handicapper that can routinely hit 60 percent is a sharp, so make sure to keep track of your wagers and limit your plays to an average of one to three bets on a full slate of games on NFL.

Tom Brady sent all his teammates a text every night before the Super Bowl saying:

“We will win” pic.twitter.com/PlMJlpfWEZ

— Bleacher Report (@BleacherReport) February 8, 2021

Follow these rules and you will have an exciting hobby that keeps you emotionally and financially invested in the outcome of the games and could prove to be a lucrative hobby if you follow these simple rules. Good luck!