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Professional Bettors Tricks of the Trade for Sports Betting

A little knowledge can be a big thing in sports betting, and for this, it’s essential to do your own research.
Professional Bettors

Photo by Philippe Oursel on Unsplash

Whether you enjoy the odd flutter or are an accomplished amateur sports bettor, you can always take inspiration from the Pros. We take a look at how you could improve your odds and increase your enjoyment, with our guide to professional bettors’ tricks of the trade for betting on all manor of sports, from football to horse racing and either at the bookies or online with sites like Timeform.

Understand ‘value’ when it comes to odds

You also need to work on how you view those odds, as all professional bettors focus on whether there is any value, rather than looking for a sure bet. Not sure what we mean by ‘value’? Let us explain. Say you are looking at a 2:1 favourite and the form indicates there is a very good chance they are going to win, then you may think this is a sure bet and worth a punt. But are you really going to get the best value from the bet, as the return on your wager is going to be low. But a little study of the form could reveal a horse or team with longer odds that could cause a potential upset, and so represents greater value should they win. Your research and focus on value can reveal probabilities that the bookmaker has not spotted, giving you the edge. And understanding value can also work in an opposite way – simply put, you don’t have to bet if you can’t see the value, only the risk.

Do your research

A little knowledge can be a big thing in sports betting, and for this, it’s essential to do your own research.

A little knowledge can be a big thing in sports betting, and for this, it’s essential to do your own research. Developing a deeper knowledge of a particular sport, and the form of its players, teams or horses, is going to pay dividends when it comes to strategically placing your bet.

So, before you do anything, do your homework, as it can really give you the edge. But there is no shortcut, you need to spend time at the ‘coalface’, looking into all those numbers, news reports, background stats and pundit predictions as well as studying previous races or games. Trust us, this – as well as building a working grasp of the statistics and maths behind all this information - is time well spent.

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Give yourself a sensible ‘pot’

When it comes to strategic betting, you need to start with a workable bankroll, that can both absorb any losses and, should it come to it, you can afford to lose. Couple this starter money pot with your research and your focus on value, along with a betting plan to only place individual bets that are 1-5% of your bankroll and you could steadily increase your pot.

Keep focused and remember, it’s not necessarily a sprint but more of a marathon. Having a long-term plan to grow your bankroll, bringing in smaller, steady gains that will grow into a tidy profit over time, rather than placing high – and high risk – stakes is the way to get the most out of your betting.

Never chase your losses

The essential rule to managing your bankroll, however, is to never chase your losses, no matter how tempting it is to think that staking higher will turn your misfortunes around. This is where you need the attitude and discipline to walk away, ready to play another day.

While you can make money from sports betting, you need to be prepared to put the time in like a sports betting professional, as well as the hard work. And, as with all things in life, nothing is 100% guaranteed. And accepting your limits, when it comes to your budget and what you can afford to risk, is going to ensure, despite the ups and downs, your sports betting will always remain fun.

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