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Basic Sports Betting – The Most Important Questions To Ask Yourself /

Basic Sports Betting – The Most Important Questions To Ask Yourself

Most weekend sports bettors are happy with having a flutter on their favourite team or player. They don't take their betting too seriously. So it's not really about winning or losing the wager. It's about just taking part for the fun of it. Of course, that's all well and good if you're happy to simply throw good money after bad. But if you want to turn your fortunes around and turn those disappointing losses into profitable wins, then you'll need to follow some basic sports betting advice.

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Basic Sports Betting Questions

If you’re a weekend sports gambler, then you are probably going to find enough satisfaction and excitement by simply laying a bet, without looking too deeply into the participants, be they the teams or individual players. But the problem here is that if you wish to win the jackpot online, then you need to do more than just watch the games and make a wild guess about which team or individual will win. To be successful in basic sports betting you need a fair amount of critical evaluation, technical knowledge and also both willpower and persistence. As a given, here at Jackpotfinder.com, we always suggest that you spend some time diligently studying and researching the teams and players. Otherwise, you could be simply throwing good money after bad.

Online sports betting can certainly be difficult. So before you place any bets on sports gambling there are some basic questions you should ask yourself. Let’s have a look at them one by one.

Basic Sports Betting: Don’t Bet With Your Emotions

On the whole, if you’re going to be a sports bettor, then it means you have an interest in sports. And that you probably follow or support a team or an individual more than any other. Unfortunately, you’ll see many bettors put money with sportsbooks on their favourite team, no matter how improbable their chances of winning are. But if you wish to be successful in your online basic sports betting, then you need a more logical and level-headed approach. Of course, you should support your favourite team. But don’t make the mistake of confusing your support with the need to bet on them. If you look across the spectrum of professional sports gamblers, then one thing is sure. None of them bet blindly on teams, whether they are fans or not. This is because being a fan can blind you to the failings of the team itself.

Be Rational And Objective

We will confess that it’s going to take time to make the mental change from fan to the cold-hearted bettor. Your love of the sport and your love of a single team or player is going to make you evaluate a game differently. You can look upon it that you are mentally in the moment of excitement and immersion during a game as a fan, thereby acting irrationally. Basic sports betting in order to make money is about being rational. No professional gambler will ever let their love or hate for a team or a player get in the way of their wagering. At all times they must remain logical and neutral. This will certainly help increase your jackpot winning chances. But letting your emotions affect your wagering will prove fatal to your bankroll at the end of the day.

Control Your Spending Per Wager

Talking of the bankroll, it’s the most vital part of many betting jackpot winning strategies. After all, without this, you would have nothing to bet with. So the faster it gets depleted, then the shorter your betting possibilities of winning. And the shorter the fun element. To that end, it’s important to understand exactly how much money you should make on a single bet. Or in a single match. And though this might sound like a very simple task, it will require you to monitor your actions closely. Here at Jackpotfinder.com, we tend to recommend what most professionals do. They never wager more than 2 – 5% of their total bankroll on any single wager.

We also suggest that you stick with a reputable online sportsbook like Bodog Sportsbook. Not only will they offer some of the best odds under the sun, but they also give all new players a generous welcome bonus of 100% up to $300. This is a great way to get started.

Click here for Odds On all the Traditional Sports at Bodog

Basic Sports Betting: Track Your Sports Betting Profit And Losses

But it’s entirely up to you to determine your own wagering limits. More often than not this will depend on the particular circumstances you’re facing. Nevertheless, it’s super important that you maintain a record and track your expenditures. Many types of sports gamblers make the mistake of only thinking about their winnings. They forget how much they spent to get to that point. In other words, you should treat serious betting more like a business. So keep books and track your profits and losses accordingly. We should also add that you must never borrow money in order to bet. Once your bankroll is used up, then it’s time to accept that your wagers for the day are done.

Stop Betting When You’re Losing

When it comes to basic sports betting, the fact is that many sports can be quite unpredictable, or rather the results can come from many different factors. So it follows that there are bound to be days when it appears nothing is going your way. Those days when you are constantly losing money and inevitably you’re going to feel frustrated. But, as we previously mentioned, you cannot gamble with your emotions. It’s important that you don’t let your frustration win the day. Often you’ll see losing gamblers chasing their losses. This simply comes from a lack of self-control. Normally because a sort of red mist has descended and they cannot see clearly beyond their own frustration and anger. If you find yourself thinking about chasing losses, for even one second, then it’s time to close your internet browser and call off all bets for the day.

Basic Sports Betting: Become Familiar With How The Odds Function

Finally, we should mention the odds. You might be surprised as to how many online gamblers bet on sports or in the casino without first questioning the odds. In the same vein, you’ll see many lazy bettors will simply follow the favourites without realising that the returns from basic sports betting on the favourites are going to be incredibly low. Or you could even lose money if the favourite wins. Simply put, the odds of the ratio between the money you stake to a single wager. So, for example, odds of 4/1 mean that a sportsbook like Bodog Sportsbook stakes four times the amount staked by the bettor. In this example, it would mean that the odds are 4/1, for every $1 you bet, you will win $4

Of all the important jackpot winning tips and tricks, having a comprehensive understanding of how the odds function will allow you to make profitable bets. As opposed to making simply winning bets. You also be able to find value. By combining a serious amount of homework, about all aspects of the teams, playing individuals, weather conditions, injuries, managers, home or away games etc with the best betting odds, you’ll be in a much better position to take home the bacon at the end of the day.