Ready to Win Big?: 10 Insider Sports Betting Tips for Beginners
10 Insider Sports Betting Tips for Beginners
Sports betting is an exciting way to earn extra cash. Get started with these 10 insider sports betting tips for beginners.
Keyword(s): sports betting tips
Did you know that roughly 30% of the Malaysian population regularly engages in gambling? While there are many different types of gambling games out there, few can compare to the adrenaline rush that comes with sports betting.
Unfortunately, getting into sports betting when you’re a beginner can be a challenge for some people. Not only do you need to know the specific sport inside and out, but you also need all the betting terminology and strategies.
That’s why we organized these ten essential sports betting tips for beginners. That way, you can start betting with confidence. Let’s get started!
1. Start Slow
When you’re a beginner, you don’t want to be betting large amounts of money. Start with bets that are below $50.
That way, you can get a sense of the ins and outs of whatever sports betting you’re playing. Then, when you get the hang of things, you can increase the amount that you bet.
2. Know the Terminology
Before you get started it’s important to know some of the basic terminology associated with sports betting. You’ve likely heard the terms “favorites” and “underdogs” before.
Favorites refer to teams or players that are likely to win the game, and will the underdogs are predicted to lose. There are two popular ways to bet on favorites and underdogs.
The first type is a money line bet. This is the simplest type of betting because it just requires you to predict a winner. The payout for who wins will depend on the odds associated with a given team.
The other type of bet is a point spread. This type of bet depends on the specific margins of a victory.
For example, you might bet that the Eagles will win by seven points. In this case, it doesn’t matter if the Eagles win. They need to win specifically by seven points.
3. Don’t Bet With Your Heart
As a sports fan, you likely have a favorite team that you root for. However, when it comes to sports betting, you never want to bet on a team just because you like them.
This is a sure-fire way to lose your money. Instead, bet with your head, even if that means siding with teams that you dislike.
This is the best way to ensure that you win as many games and bets as possible.
4. Set a Bankroll
If you don’t set a bankroll, then it’s easy to start betting more money than you have to lose. So, instead, set an amount that you’re comfortable with losing. Make sure it’s a nice round figure like $1,000 or $100.
Then, if you lose this amount, you should call it a day. Wait another week or month before resetting your bankroll.
5. Stick to Sports You Know
Do you not know all the ins and outs of baseball? If so, then avoid betting on the sports. Stick to sports that you’ve followed for a long time.
This will give you the best chance of knowing which teams are in the best standing. If you want to bet on a new sport, make sure you spend a lot of time studying it before you put money down.
6. Keep Close Records
Records are important for two reasons. First, they’re important for keeping track of where your bankroll’s at.
Second, a record can let you know which sports betting strategies you’re using are successful, and which ones you should give up. This is invaluable over time, but you need to stick with keeping an accurate record of all your bets.
7. Consider Betting on Underdogs
One classic newcomer mistake is always betting on the favorites. However, it’s important to remember that this can be a risky bet. For example, let’s say you’re betting on a -300 favorite.
That would mean that you need to risk $300 just to win $100. If something goes wrong with the favorite team, that’s a lot of money to lose. On the other hand, if you bet on a +300 underdog, then you only need to bet $100 to potentially win $300.
So, consider doing your research on favorable underdogs. You stand to win a lot more by backing these types of teams.
8. Bet On Good Websites
Not all sports betting websites are created equally. Make sure that you do your research before you put any money on a website.
Reviews are a good way to get started. You can also check out our guide on how to find good sports betting for beginners site.
9. Don’t Bet Illegally
Did you know that the United Nations Office on Drugs and Crime estimates that $40 billion is spent on illegal sports betting each year? If sports gambling isn’t legal where you live, then it’s important not to do it.
Otherwise, you could not only lose any money you gain but also face legal action.
The good news is that many areas around the world are starting to legalize sports betting. So, it shouldn’t be long before you can do it legally.
10. Don’t Pay for Tips or Picks
When you get started with sports betting, you might encounter people with special tips or picks they’ll give you for a price.
Avoid these fraudsters. Often these tips are based on no credible research at all. Instead, do your research. And, if you don’t have time, then consider waiting to bet on sports until you do.
Put These Sports Betting Tips to Use On EZWIN288
We hope this article helped you learn some helpful sports betting tips from insiders. Earlier in the article, we stressed the importance of finding a good sports betting website that you can trust.
Well, if you live in Malaysia, then you’ll be hard-pressed to find a better option than EZWIN288.
Not only do we offer live sports betting, but also a variety of other games you can choose from. So, if you’re ready for a pain-free way to dive into sports betting, then register with us today.