The 7 Laws of Profitable Sports Betting

| 19.10.15 | 0 Comments

Think of betting as an investment. One should only expect an eventual profit when the investment is well planned and calculated. The same is true of betting. When you bet using an effective strategy, your chances of winning increases and you put yourself in the best position to gain profit in the long run. Sound good?

Becoming rich in an instant with Lady Luck by your side sounds even better, of course. However, the chances of that happening are slim and you’re better off sticking to a plan. Before you decide to cash all your life savings and spin the wheels at your nearest casino, here are some great tips to increase your chances of smart and profitable betting.

1. How much are you planning to win? Set your target profit.

Every great plan needs a target profit over a predefined amount of time. That is the smartest way to test the effectiveness of your strategy. Know what to aim for according to your needs, and approximately how much time it’s going to take you to achieve it.

2. Utilize the SMART approach in your strategic betting plan

A well-known and widely used acronym, SMART stands for Specific, Measurable, Achievable, Realistic and Timed. Using the SMART method, requires you to be very calculated in order to effectively plan ahead, establish a good betting strategy and earn a decent profit. Determine realistic data, such as time and profit goals, numbers and calculations. The more accurate you are the better.

3. Determine your starting capital

A betting strategy is effective when you actually have an initial sum of money with which to start your betting quest. Keep in mind that it should always be separate from your household budget. Set an account, at least one, and start placing bets with several bookmakers. Most bookies offer free bonuses to attract newcomers, so you can make a good use of that as well.

4. Learn the betting basics and different types of bets

In order to master the arts of betting, you need to educate yourself on the various categories and principles of bets and odds, before placing your first bet.

5. Bet on the predictable and beware of matches with a volatile nature

Cup matches are known to be fickle, which makes betting on them very risky. League games, however, are somewhat more predictable, and give bettors an edge against the bookmakers.

6. Be patient and stick to the betting strategy

Don’t stress out if your plan takes a little time to pull through. Remember, there is usually no shortcut to getting rich. You’re better off staying off the highway and sticking to those safe little side roads of small events and bets you can statistically predict. Highly important is to stay tuned in to the latest sports betting news, as it is a valuable source of knowledge and clues for your next bet.

7. Forget Driving – Don’t Drink and Bet!

Stay focused and clear headed when placing your bets. Had one too many cocktails? Dealing with money under the influence of alcohol is never a good idea, let alone when you’re aiming to make a profit.

Making a smart investment requires a proper plan. Betting is no different. Stay sharp, educated, calculated, determined, patient, and sober, and you’re on the right track of making a profitable bet.

If you’re ready to start down the path towards profitable sports betting, the first step is to choose a great bookmaker. We rate and rank only reputable sports betting sites. You can check out the current Top 5 right here.