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When I saw this topic how to get over it (https://bitcointalk.org/index.php?topic=5455819.0), I wondered how can someone turn a $1,000 into $xxx,xxx amount through sports betting. I was aware that it can be done but what strategy or skills an individual needs to be able to do it? I went into browsing mode as I have done earlier and found out the skills needed to get to the peak of sports betting. Here are my five steps to make your sports betting profitable.

1. The most important step is to Research and analyzes before placing your bets: It is imperative that you gather relevant information about teams, players, statistics, and recent performances. This information would enable you to make more informed decisions.

2. Understanding the concept of value: By searching for bets where the odds offered are higher than what you thought the actual odds of an outcome are. By doing that you will be able to identify value bets and potentially increase your profits in the long run.

3. You need to be a legend in a specific sport or league: Your focus should be on a few sports or leagues. As it will allow you to develop a deeper understanding of the teams, players, and trends within those specific areas. In the end, this can give you an edge when making predictions.

4. Comparing odds from different betting platforms: This is one of the rarest situations. There are instances when betting platforms may offer varying odds for the same event. The best practice is to always compare odds across multiple platforms, which gives you the opportunity to find the best value and maximize your potential returns.

5. Take a systematic approach: Avoid pursuing losses by sticking to a specified plan or method. Discipline in your betting approach and it does improve your long-term prospects of winning.

Following these methods and constantly improving your skills will allow you to improve your betting talents and raise your chances of winning more bets over time. Remember that sports betting does require patience, discipline, and dedication to make it profitable.

What do you think?

All the factors that you brought up here is factual correct especially number 1 and 3 which is probably the most case scenario on the story that you attached. The guy is surely very good on sport analysis and scouting on value bets offered by a sportsbook. I doubt that he is the guy who compared odds since that is time consuming while the user is obviously show an impatient characteristics by making an all in bets.

Sportsbet is really profitable and anyone can dominate it since there’s a parlay that amplify the profit for multiple pick bets. A good sports analyzer can perfectly predict a 5 or more leg parlay bets. He is legend.

Turning $1000 to a huge amount of money is just by luck. Even if care is not taken and the punter increases his stakes and continue to bet, he may lose all the money won back to the gambling site.

In sport betting, the lower the odds after analysis as usual, because likely the big teams would win. Yet it is luck if the big team or the team that you go for wins.

The odds are usually always varies, but similar and closer. New betting sites like to make their odds a bit higher.

Not only about how good a punter is in analysing matches to be played, he should know that gambling is luck generally. Obviously we know this when underdog would win strong teams.

Use only the amount of money that you can afford to lose to gamble than to be thinking of turning $1000 to a bigger amount.

I agree with the factors you have provided but the only issue is that most, sport bettors have never say down do carry out research on the sport they are about to place  a bet on. They just go on with their gambling activities based on their previous knowledge not realizing that a single player is capable of changing the fact of a game, while some of them still go with the idea that gambling is purely a game of luck and if them trying to improve their knowledge in it is only a waste of time.

If a wise bettor can take their time to analyze and figure out how to maximize their winnings rather than them diving into their account to foolishly place a bet on a game that they know nothing or little about, they would be able to realised more profits than they already do.

What you mentioned all the strategies are correct, I admit that this is something that must be considered in sports betting, especially football, but I have a friend who is an expert in sports/football betting and I once asked the same thing.
he said sports betting if you need to increase your chances of winning big look at a team/club that has a 99% chance of placing a big bet, you will win for that.

To be honest, I often bet on sports betting and I once asked my friend, sometimes the strategies and predictions he suggested could be wrong, that's the world of gambling, for me everything you mentioned above is theory for me, the facts on the ground could have turned the other way around.
For example:
As per the topic you see in the thread, @NAPK1NS_RA3 already won $90k, with a capital of $4k, but he was able to go back to basics with a loss, that's what happens in gambling, in 50 bets that we place 5-10 times we can win big and then just wait to lose everything.

So, as I said above, if you have done an analysis and so on before placing a sports bet, if you want to place your biggest bet, but only once with your accurate prediction, after that don't try to repeat placing your biggest bet again, maybe you will cry next time. that's the way to improve sports betting as far as I know.

Parlay will be the strategy for earning that xxx, xxx quickly but things could go the other way quickly also.

The odds are almost the same in every platform you have an account. The longer you are in sports betting you already are aware of just going to one platform because, after all, it's the same unless the other has a special promo. But turning $1k to $xxx, xxx, that's huge. I wouldn't really make someone hope for it to happen to them. If they are going to take that journey I think it will take time.  Hey, I get by just putting my money to the top dogs every time.

Yes, it is the right method. Sports games always require accurate analysis and deep understanding. If you guess based on feeling, then that's a big mistake. In my opinion there is no luck in sports games, they need data analysis, even if there is luck, it is only a little.

Even though I know this method, but if my favorite sports club is playing, I can no longer see the data, I always support my favorite team. That's the wrong thing to do, but I do it a lot. Another mistake I often make is when I've won a lot, I'll go back to playing carelessly, no longer using analysis, I'm just guessing and in the end of course the previous win is lost.

Maybe I know how to win, but often I forget when I should stop. If I have been controlled by my emotions, then there is no more win

Betting on many sports for example, golf, soccer, tennis, cricket and so on can reduce your chances of making the correct analysis for each sport because you may just have a shallow knowledge of them all. Choosing one sports to be betting on is better.

While trying to maximize your potential return, be careful of ridiculous odds from new betting platforms. If you follow high odds too much, you can get scammed when you join a new and unknown betting site because of odds and get scammed when you fund your account to bet. Follow odds cautiously.

Based on my understanding, a parlay is a type of sports betting where you combine two or more bets into a single wager. However, this can be a risky move, as if one of the bets fails to win, the entire parlay bet is lost. This could result in a significant financial loss, or, alternatively, you could win a substantial payout if all the bets are successful. While I do think that calculated risk-taking can be a valuable approach, my focus is on achieving positive outcomes with moderate risk. Therefore, I do not necessarily agree with your specific idea or strategy.

The fourth method is becoming more common IMO because, I always find some bookies offer way lower odds than others, and the difference can be huge. I've seen one sportsbook offering 1.45 odds once on a market that I was about to bet then that same market is 1.70 on the next sportsbook. While shopping, you can also use this time to find promotions on a couple of sportsbooks since you can sometimes get a quick profit from these promotions even though the rewards are limited.

The parlays and multi bets must be avoided for gamblers that want to improve because even though the odds boost and insurance are great, it's still not enough to make them profitable.

Simply improve your analysis wherein you'd be practical in a way. If you're hesitating to your bet then atleast minimize the amount of money you would be engaging yourself into it. There's no assurance ofcourse, with the winning team or fighter in every sport. Gamblers can jist make speculations or guesses based on previous matches or fights but that won't guarantee things. You may also go bias with lower odds or simply go in line with majority. Also not be greedy of odds; many gamblers are betting to bigger odds because it will result to bigger rewards. Unfortunately, risk would be bigger as well.

Those are some good points mentioned by OP. The most important one is point 3 where one has to have good knowledge of the sport.
That gives us an edge and can make us predict the outcome easily. I mostly focus on point 1 and 4.
I do my research and compare the odds across sites which gives me a basic idea of the outcome and what people are thinking.

All of those points you've said are right, you have to be familiar with the sports that you're betting on. Avoid YOLO betting because that's not what you've planned to do. Many think that sports betting is easy but it's actually not, you'll see some results that are not according to what you're expecting based on the information that you've gathered through researching. So, if you can apply more and more factors and strategies for you to win more bets then do it.

Sport betting is more than a skill probably we can call it as an art so very few people can be the artists, definitely all those points can make someone better in the sports betting but it is going to give xxxx returns like someone made then it's not going to happen everyone.

I will say get used to the game first then only it is possible to make analysis and all those things but there are many bettors who just go by only with the odds which can backfire at the on most of the occasions and also sports became a dirty politics so choosing the right game which will have less possibility of fixing also should be a factor with our wins.

I think this information about a sport or team can be gotten if you dedicate time to watch games in that particular sport. Watching reviews of past games will also be a good platform to get information about the clubs. Subscribing to some sports newspapers, newsletter and magazines could also be a good source of data.

I wouldn't agree that one needs to be highly proficient in some sports to be successful. Basic or average knowledge about a particular sport could serve the purpose of gambling. But I agree that focusing on a few sports will promote mastery and proficiency.

Gambling what you can afford to lose and having a gambling budget is key to every gambler. If you have a gambling plan you will easily avoid the temptation of chasing losses. I also want to add that sometimes luck also plays an important role in gambling because knowledge and skills might not lead to winning.

This is absolutely correct. If you look at how AI gives informations on sport,it is base on this strategy. It is very important to do this before you gamble on a match or game.

This is true,when you gamble on games or matches that you have no idea or experience on,it shows that you are just interested in the fun alone because it is only luck that can give you a win.

Yes, your points are on point😉. I agree with you, but you know it takes patience to know all those stuff, especially for someone who is not good at sports. When I started gambling, it was with sports, and my friend did all the analyzing, and they would just give me what's called a "booking number or code." I will just enter it and stake the amount I wish to; it took me a while to really learn how to analyze sports games and how to diversify while betting on a particular club. For some casinos that allow one to choose different options, you can really give different winning options to a club, but some betting platforms don't allow one to stake more than one option. For example, if you predict that Chelsea will win Manchester City in a match, you can still stake another option that Manchester City can win Chelsea, but there are some platforms where, after you stake on your first choice or options, you can not diversify.

they are all shareable and useful advice, good to read them.

to maximize profits I would add:
- do not play "combo bets" events, ALWAYS play single match/single games.
- play live events as much as possible or in sites that allow "cashout" options (or even better exchange betting)
- have "well-defined" limits on losses or gains, accurately manage cash flow...

And this will require patience. Many bettors don't think of how they can tolerate being researchful and make use of what they've researched for.

I agree, and that's why when you're patient and you understand that it is important to gather data on the sports, players, and teams that you're about to bet. You'll see how being patient will help you by doing these things. Using of news as well if there will be handicaps or some news that occurred to specific teams and players, they're all helpful before placing bets.

I think that the most important feature that needs to be developed in order to make money by making bets on various sports is to do research. In order to maximize the possible winning possibilities, having information about the teams bet on and discovering the possible possibilities more easily by following the current news brings the probability of winning to the highest level.

On the other hand, in addition to having knowledge, balance management should be provided very well because gambling without balance control will cause the entire balance to be lost at the end of the day.

In summary, following the news about the sports teams to be bet on, doing research on these teams and controlling the budget are the three most important features that need attention in my opinion.

3. You need to be a legend in a specific sport or league:

This is what i do consider out to be the main thing for you to choose on the time that you would really be diving into sports betting. Make yourself that fully aware on what sports you
would really be engaging with. You cant really just make out bets on sports that you didnt even known. Not only just that you wouldnt be able to take advantage due to lack knowledge
but also you cant really be able to enjoy on what you are betting since you dont really have no idea at all.

It does really remove the  real essence of betting in the first place specially if you dont really know on what you are doing in the first place. Having those knowledge and interest
would make things more better and interesting on which even you do lost a bet then you wouldnt really having the feeling of regret.

This step is by far the most important, but I think you left out some important research factors or should have went into more details vs stating general terms.

Players stats: Home averages, away averages, how they perform in certain weather. Things like this can make a difference. If a team travelled 1000 miles and plays that night, will jetlag affect their play? Just on the last example i gave, if a team travelled by jet and plays that night, if a game offers over/under bets I would bet the under almost everytime.

I prefer from your experience.

I mean, you have this theory but can you tried and apply to your self then you add to the thread about the result, experience and other think will apply this concept by your self. IMO, to many thread like these.

Meanwhile, 98% a person who created not sharing or tried the theory.

If I may be honest, I did according to the points you said in this thread. in fact, there are several other methods that I consider in betting. Trust me, sports betting has a sizable winning probability. but either way, it all comes down to how involved your insights are. In essence, we as gamblers certainly want to win at every bet. but in practice, it is not as easy as said by someone who is your reference for making this post.

In sports betting, for example football, you will be faced with various betting options, you can choose according to the results you have analyzed. in fact, you can get big profits if you choose the multibet option or you can say parlay. unfortunately, even though this option offers a high reward according to the accumulated odds. but in fact, it is difficult to win it.
well, if you want the same as the person you refer to. most importantly, you have to master the field of sports and not just gambling. for example again, in football betting you must have knowledge and insight about the league. Not only that, you must at least have insight about systems, players, coaches, patterns, and so on. why, because this will also be our consideration in making decisions when making bets.

Well, it's actually not that difficult, but not easy either. ideally, a single bet is the better option. of the many matches, you only choose 1 or 2 matches, do it consistently. also involve all the knowledge and insight that you have. after that, you will know the result. win or lose. but if you really research it carefully I think you can maximize every bet into winning points. well, good luck.

Doing research before making a bet is really necessary so that we can consider it from various sides, as well as the chance. However, in betting, this does not guarantee that we will win. Because in betting, there are several challenges where sometimes the reality or the results really don't match our predictions and research. Especially if it's sports betting, slots or other things where sometimes there are other factors that have an effect.
But at least, we have tried and understand what the risks are from the betting itself.

Or simply with the statistics on which it would really be that ideal on knowing all of those numbers and making out some comparison in between. There's no sense that you would really be making out some bet without having any basis or trying to look at with these numbers. You wouldnt be able to identify out which one does have a good record or standing compared or against with other team.
This is why its really that important that you should really consider on looking with these numbers.

Sports betting is gambling but doesnt mean that you would really be making some blind bets just because you are doing gambling in the first place. Those risks and chance of losing would really be lessen
if  you do really know those certain informations which might help out on increasing the odds on winning a particular bet. You cant really just simply place up some bets
without having  those considerations.

Because in actual situation, there are still some blind spots that we can't cover like the current health status of the player,
their preparation, weather conditions, planned strategies, coaching skills and others.
This is why even if you know their history, you can't guarantee yourself that your bets will win.
But of course, doing your due diligence will give you better edge when it comes to choosing your bets.

You can always improve your analysis techniques and learn how to pay attention to important details you weren't taking into consideration before, but keep in mind it may not bring positive results on long term, because the luck factor is still there. Furthermore, besides the luck factor, there is also the manipulative factor which is present in some matches, that is when the game is fixed, so you also have to be careful with this.

Therefore, I suggest avoiding betting on minor leagues or leagues which already have a history of corruption on their results. It isn't exactly a hint to improve your skills, but it's a hint that might help you winning more bets, anyway...

It can't guarantee winning but it could still increase the chances since we're able to make wiser choices if we'll do research. Of course, if we'll be keen on researching, we could find a better vision regarding the blind spots such as their health condition, coaching status, and others. There's really no assurance in gambling but at least we could make firm decisions and reasonable choices if we'll do research before betting.
Betting without doing at least basic research is like we're relying on 100% pure luck and the chances of winning rely on our fate. It is better to have a knowledgeable edge than to bet without even a little confidence because we lack a basic understanding of each team's background and history. Yes, they aren't reliable all the time but they can be our basis when making bets.

Sports betting is more about luck than skills. So any action you take is about how to get luck to favour you. If sports betting was all about skills then people who have been betting for a very long time and have a lot of experience in sports would have become millionaires by now because their skills would have developed a lot over the years. You can get luckier with how much more you know about a sport and the analysis you make before you gamble.

 Don't necessarily agree with "becoming a legend" cause you'll be surprised with how less of a skill it takes to actually win in gambling even in games that are not solely based on chance. Even more so with sports betting as most of the time it's either each team is on par with each other or one of them is tipping the scales in their favor. so to be legendary is something that you shouldn't strive for only because it takes so much effort to get into the upper echelons of everything basically. So if you just wanted some form of edge for when you're gambling so you don't fumble over which team to choose and which to avoid, at least having some form of basic gambling knowledge, and a deeper-than-average know-what of each team's weaknesses and strengths.

You watch more, you learn more. Simple as that imo. Ofc if you're judgement doesn't improve through than then either you suck or you just need to watch more. You're first tip is probably the closest to it imo. The rest? They're kind of safety guidelines more than anything else really.

The only thing you'd ever need in sports betting is a good eye, and maybe a bit of luck. It's kind of like you're playing the game but using a different body idea, and you make decisions based on what you see on that body. Multiply that by the number of players, and you have the idea of what would happen. Ofc things happen in a more generalized way but I hope my point gets through.

I think the first thing that you need is familiarity with the sports, and then the stats, the players, their games, their strengths and weaknesses, and so on. It's even better if you are playing the sport itself. In that way, you can somehow relate with the game.

Another thing I guess is a bit of intelligence when it comes to looking for certain patterns and tendencies, a little of math in analyzing numbers, and probably a strong memory to take into consideration the players and the teams' previous performances.

And then, of course, there are those basic dos and don'ts in gambling.

I 100% disagree with your opinion here. Making a wager based off of no information would be wagering based on luck, but giving yourself as much information as possible takes the luck factor out and adds some skill into the equation.

Those are some useful tips for sports betting. They're all basics, you know, but sports betting is a lot more than just "basics". And also you can research, analyze, specialize in one sport, and compare odds all you want, but remember that you are never going to constantly keep on winning.
Like you understand your game and the teams and it will give you an edge and help you decide which team is going to win, but you can't predict injuries, bad days, penalties and so one. Events like this will most likely make you lose your bets. It's always going to be a gamble because there will be some factors that you can never predict.
So, yeah, your strategies are a good start, but don't rely on them guaranteeing a win.

OP, this list seems like an article about sports betting from 10 years ago. It's a good list, but it offers generic advise.
Doing research and gathering more info about that teams and players you are betting on is just common sense.
In reality, there's no magical strategy about how to make lots of money via sports betting. Actually, trying to make six figures out of 1000 USD seems pretty unrealistic to me. At the end of the day, it's all about practice. Losing more money than you make is a normal process at the beginning or your sports betting journey. I don't think that any sports bettor can outsmart the bookies in the long run.

The tips that you provide are quite helpful for players to be able to win more matches on their gambling platform. Because even if we gamble, we also need a good analysis of the team we choose so that our potential to lose can be reduced. But after all there are external factors which make it difficult to be able to predict that we will win at one time, for example match manipulation, etc. Things like this are certainly beyond the ability of the players and when this happens we have to accept our losses.

Yes, this may be a pretty good method so that gamblers can use it, but actually there is no one method or strategy that can give you a win, whether it's just a big win or a small win.
In fact, if you want to win at gambling, you must be able to have luck because luck is the main and biggest factor in having a win.
But at least the OP has good intentions because he gave some useful tips for members of this forum to use.

Hopefully you or other users using the tips provided by the OP can always have good luck.

Betting is luck 90% with 5% inspiration and 5% skills. This is what I personally think about betting if I split the word up because there are no real skills or tips to bet , you just do it. Per example , if we take 2 hard gamblers and present the same event to them , each of them will most likely have a different opinion on the result based on their own "skill and tips" which makes both results invalid from the start. Why ? You can have only 1 outcome per event so ...everything else is just interpretable and nothing more.  :D There are people out there using gematria mathematics skills in order to get results and guess what , they are rarely right  :D

Yes, you are right, it is too difficult a path to pass it without big losses and disappointments. In order to develop some kind of more or less working strategy, you need to fill a lot of your own bumps and not everyone is ready for it. At first, there will always be more losses than winning bets, and basically at this stage, players stop and play for fun, or for adrenaline, and those who decide to figure it out and go through to the end are very few.

I only focus on number 1 because it is the most important before someone bets. If he couldn't analyze properly, he might not be able to win. For number 2 and so on, it will depend on how you analyze it because if you have good analytical skills, you can get the right team to place the bet. And for the value of the bet, you can adjust it according to the budget you previously set. Everything, from numbers 1 to 5 is interconnected but the most important is number 1 because research to find a team is the most basic for a bettor before starting to place a bet.

Number four doesn't really make much of an impact because the difference is very small between each bookie, even when there are bookies that have tag lines as a bookmaker with the most attractive odds, it won't make much of difference, because every bookmaker uses the services of an odds provider instead of determining it himself. And in fact, continuing to look for bookmakers who provide attractive odds will only waste time because we might lose the opportunity to bet on matches that will provide a profit and because the competition for bookmakers is very tight, usually when there is a big event there will be an odds boost promotion, this can be used as a way to slightly increase our profits later if we win. However, what is shown by the person whose thread is included is quite extraordinary, and players who only occasionally bet will find it difficult to produce like that. Consistent betting by continuing to do analysis is needed to be able to get a chance to win more often.

Exactly, above all you must first know what and where you are putting your funds at risk. That's what research is for. You have to understand which team is at an advantage at the given match, Which one has greater odds in terms of the players, home court advantage, the skillset of individual players, and team rankings. With that, you can create your own judgment and just anything else to probability. What you just need is proper risk and money management.

What wrong expectation of other is they thought that there's an easy way for them to increase there chance to win on betting skills other than researching the or frequently watching the game. To learn this we need to be more consistent to watch the game everyday if there's a game available and look for more source if information since no one can beat our research if we talk about sports betting.

Also we can't expect to get an accurate 100% chance to win since even if we know the team is so strong still there are chance for them to lose, so you need to manage the risk and have proper discipline to avoid any mental lapses.

Everything work in hands to contribute to the chances of winning but not the reason to why we must win or not, but at least from our own level, we could present every necessary efforts needed to equip ourselves in gambling skills through learning and development, we are expected to take up some good control measures as well whenever we are gambling to ensure that we effectively deliver the best by avoiding any error that might be from our lapses while gambling in other not to reduce our chances of winning, what applies to one may be different in another's person situation.

These 5 steps are almost all correct and these are some of the basic points that gamblers must have before making sports bets, I usually also analyze and research but maybe I only bet on certain leagues to bet on football sports and don't play in other leagues let alone clubs that no I know him, apart from that I always look at Odds in betting because it is also important to multiply wins too.

I think the most important thing in betting sports betting is to do research on both clubs, because I only bet and gamble for football sports betting, not betting on other sports. because I'm not talented nor do I understand the game system other than football. So always gamble with what we understand, never gamble with what we don't understand. all wins come back to luck  ;)

This is correct.

But the important part there is you've made the necessary things that you need to do before placing a bet. Those that have been said by OP and also any other strategy that you use to do before betting.

That's like an unexpected turn of event when the most favored team or player should win but it didn't happen because that's what sports is all about. Not everyone will remain to be strong and a single mistake can turn the game upside down.

Do add "Never get emotional."
Fans love to do this and they will regret it later thinking they should've bet for the opponent with the handicap glued unto it. There are times we are forcing the bet just because we are hardcore fans of a team or a player.
Like the Finals of the NBA. I am a fan of Jokic so I took the bet of -6.5 for the Nuggets with just 1.70 odd. While I could take +7 or +8 for the Miami Heat with a decent profit and have a higher chance to cover the spread. A mistake then regrets considering all their games are just close battles.
I am better when I am analyzing two teams that I don't care much about. Not a fan. Because there's no emotion clinging to it and I could summarize my prediction quickly.
But you are correct, what you enumerated are the basics of sports betting, now it's up to the gambler if he will take a higher risk by choosing an underdog or not because sometimes it won't go the way we predicted it even thru deep analysis.

I don't want to speak ill or talk you down but I also want to know if you've ever  practiced this things you listed or you just assumed after your researches from net because most of this things would have been better explained if you already got the experience  yourself.
Nevertheless  your points are great and I love the way you took your time to express each of them.
I don't also think that comparing odd from different  bookmakers will actually have any serious impacts on the decisions of one's bet because from my little observations, it seems most of this bookmakers have almost same odds and if we depend on this then we might make some awful decisions 

I could have written more, you are right about it. I could have gone very deep to the extent wherein I could have explained about managing the bankroll, determining a budget and etc. I am not an expert as I am still learning. I wanted this thread to be accurate and be discussable on some basic points.


I am planning to integrate most of these steps before I come up with a result. I am still studying and when I think I am ready I will surely use them to my benefit. It is not that simple to implement, yet it sounds simple when you read it. There is too much to work around it as it is not so simple to keep all data within reach.

 

I agree that research and analysis are the most important ways to win on sports betting.
Most times people just bet on the bigger team to win, but that is not always the case. You have to look at their current form. You also have to look at how that particular team play against teams that play like their opponents.
Luck has a big role to play before you  win in gambling but luck is not the only factor. You cant just pick any game anyhow how you want just because gambling is luck.

There may be times when sentiments will come in. Maybe the team playing is your favorite team or one of your favorite teams, and you'll find it hard to bet against them. That sentimentality leads to losses.

I think this is the most important point. But to understand it, you first need to sit down and generally deal with the mathematics of bets. It is necessary to clearly understand what is the probability of an event and the mathematical expectation of this event. Many people intuitively understand that betting odds less than 2 on a coin toss is unprofitable, and odds over 2 are profitable, but they don't understand the mathematics of this phenomenon. And this lets them down a lot later in betting, as there are more complex options.

To chip in some additional points which I have garnered from experience, have a realistic expectation. It sets the tone for how you'll grow as you build up your betting skill. It eliminates disappointments going after losses. Another point to note is to scatter your bets across teams and sports. Don't just bet on your team because you have listened to an ESPN analysis. Best on other teams too and other sports you have knowledge in. You won't start winning big bets immediately but over time you'll see your winnings increase.

That is exactly what happened to the guy who started that thread mentioned in the OP, he turned a small amount into a big one a lot of times but then lost it all in a single bet only for trying to double the amount, his last bet that I know was about $90k which he had made from only $4k, I don't really find that being wise in any way to spend such a huge amount of money in a single bet unless you are a millionaire and don't care about the money.

One can easily make a lot of bets with smaller amounts and keep getting profits even if they lose some of those bets but manage to win more and even if one wants to try and keep doubling the amount every time, they could do it with just $5k or maybe $10k after reaching $90k so that they can have multiple tries.

I don't actually engage in this because I don't bet large amounts in sports betting. You see, most sports betting sites likely use the same oddsmakers, resulting in similar odds. Even if there are other sports bookies with different odds providers, the disparity wouldn't be significant enough for gamblers to benefit greatly. This only adds value to your betting journey if you're wagering substantial sums, as even a small advantage can have a significant impact on your sports betting experience.

Op had don well writing some important things we need to do to earn more as a gambler. We just need to keep doing what we are doing and improve in skill and we are going to see the difference between us that are working hard to better our skills in betting or the kind of sports that we are interested in. Since there are different kind of ways we can bet with numerous games available for us to bet on, it is good to work on our strategy and improve in it to give us accurate skill in predicting the outcome on the bet we are always betting on.

1. The most important step is to Research and analyzes before placing your bets

This is what you do really need is to know and having that research before you would be placing up some bets. There are some bettors who do really jump from one sport into another
on which they would really be tending to make out some bets but of course it would really be depending on a certain bettor because there are ones who would really be sticking
into the sport on which they are familiar with on which it is really that something suggestable in the first place.

Whenever you do stick or not then analysis and having research is the most important thing when it comes before on placing up bets. You cant really just simply stick on betting
directly with the favorites because you do presume that it would really be always in a win. We cant really be able to tell if we wont really make some indepth search
since we know that there are really upsets that could really happen.

Number 3 isn't really a requirement. You just have to have a working knowledge of who's who in the sport, and then just complement what you know with research and analysis and you're fine. IMO, being too knowledgeable with a certain sport tends to make one overthink things and affect a lot in the decision-making and analysis process, especially if you really want to get that win for yourself. I mean, who doesn't want to have a win anyway?

The rest of these are okay and equally important, though not a lot are really doing the comparison between different platforms to check the best odds before locking a bet. Also, it's not really something that you can do to 'win' more bets. You win more money per bet, though, by getting the one with the highest odds.

For me, it's important because when you are focused, you will become good at what you are doing. It's advisable to prioritize quality bets over the quantity of bets. Although some people might disagree, believing that more bets add more fun, unfortunately, it would only increase the chances of losing. As you cannot study a lot of games, the chances of winning would be lower.

When you are serious about sports betting, you need to treat it like a profession. Every bet is precious and requires proper study and analysis before placing it.

Know the history of the teams that are having a match, that way you can make a good analysis which team has bigger chances to win and which one is near to losing. Though it can’t guarantee still, but at least it would be a big help though. And when you bet, do not hold your hopes too high. There are times that even when you see your favorite team is on its way to win, there are unexpected factors that suddenly come out and make the opponent the winning team so be open for some losses too. And lastly, bet on what you can afford to lose, that will not make your finances miserable later on.

Know everything specially when it comes to numbers or simply with the statistics on which you could be able to picture out on which one is the stronger team and which is the underdog.
Then further research about those players who cant really be able to play or their current news or condition on which you could really make out some reconsideration on betting on the other team if you do saw
that there's some chance for underdog to win. It all matters about on your in depth analysis and some calculations whether there might be some chances of turning of events on which it would
really be just that depending on you  on how you would really be seeing those numbers and events.

On the time that you would be making out bets and having a good number of betting on a particular sport then the rest of learning would really be acquired through real experience.
You would be able to find out other things which you do supposedly need to be learnt up.

All the pointers that OP mentioned can only be achieved in a long-term betting experience. Not spoiling those but those pointers are totally not that effective if a bettor doesn't even know the actual experience of dealing in sports betting for long. It's easy to say for those experienced bettors.

Generally, to improve our sports betting skills "then take it as a habit".

As long as we lurk on sports betting for long, it's impossible that we don't make any improvement while progressing and advancing.

Building experience is the key. It might take time but surely, everyone would be there. Of course, losing is still common to happen but at least, it should be minimized. Although if at some point where a bettor takes sports betting as a habit and still not making any improvement, then I should say they still need more time to improve. Or at worst, shift their career now as sports betting might not really be their forte'.

The points you mentioned are very good, but I would like to add two more precious tips that many bettors do not take into account....

One of them is that the favorite doesn't always win... along with your tip that it is necessary to be well informed about the disputed championship/tournament, it is also necessary to understand the "deviation points" that can occur in the probabilities because the bookmakers they usually follow a probabilities model and always "let slip" some detail that can be very relevant for a reversal of result that only smart bettors can see. Plus... playing the house odds and winning can make you a lot of money.

Following the same tip as above, I recommend that you never place "guaranteed" multiple bets... It is common for football bettors, for example, to place their favorite teams in multiple bets to increase the respective odds, especially at the beginning of tournaments where the favorite usually faces lower teams.
However, the risk that is taken with this does not compensate for the extra gains that can be obtained. Low odds generate small profits and an unlikely defeat will suck all your winnings, as favorites are not unbeatable.

Daily bets are placed on games, and both lucrative and unprofitable gamblers strive for the same objective: collecting daily profits. Making an important research on statistics and prior records before placing a wager only decreases your losses and increases your chances of a profitable outcome. Gambling has both induced profits and losses; it is our erroneous thinking to believe that with all of the potential gambling strategies at our disposal, we can avoid losses; the answer is no. Never expect too much from gambling; the system is unpredictable, and anything can happen at any time.

I see that youve given some thought to the matter of sports betting. But are you sure youve got the right angle on it? The favorite doesnt always win - well, isnt that a universal truth in all sports, not just betting?

Sure, bookmakers may "let slip" some details in their probabilities model. But do you seriously believe that these slips are unintentional? Isnt it more plausible that they are traps, strategically placed to lure overconfident bettors?

And regarding "guaranteed" multiple bets - I agree with you there. Its high risk for potentially low reward. Yet, are we not being overly cautious here? Sometimes, it's the daring bet that reaps the greatest rewards, dont you think?

There are lots of game choices that we can play every day, different from some bets such as sports betting that can be bet on when there is a championship or match that we usually cannot find every day.
But to take daily profits from some casino games is very difficult and even almost impossible because I myself have often done it with the aim of being able to collect daily profits little by little but in the end all the money in my balance is gone because of just a few defeats.

There have been many ways and strategies that I have used to get victory but all of that is useless if luck is not on my side.
My advice is to forget about daily profits and play or bet when you have the confidence to win or feel lucky.
That way you can avoid losing streaks.

There is actually a greater chance of getting lucky with sports betting as compared to other popular gambling games.

You need to do some research and analysis after all, and by doing so you will increase your chances of winning, but at the end of the day, you still need to get lucky. You are not going to play football on the field yourself, someone else will, and their performance and winning the game is unknown, but this is still better than playing purely luck-based casino games.

Sports games are based on skills and luck, so they are more entertaining. The fortune of your favorite club depends on its performance on that particular day, but it's still necessary to wish yourself luck.

By researching, we can get a lot of information from each team to know which team to choose. And if, from that information, we don't find many clues about each team, we shouldn't need to force ourselves to place a bet because we can place bets randomly and that doesn't guarantee us a win. The more often we analyze and conduct research, the more honed our skills will be, which will be useful whenever we want to place a bet. And we also need risk management to avoid the biggest risk of losing a lot of money.

As long as we can develop ourselves by developing analytical skills, it will be useful for us to find the right team. But if we don't want to learn more deeply, we can't find the right team and possibly choose the wrong team. And with self-development, learning to analyze can help us place bets on teams that have a bigger chance of winning than the opposing team. And by often practising analyzing that, our abilities will develop.

It depends on the strategy, and it depends on the player how well he can choose teams for such bets. But in this case, of course, there will be a threat to lose all bets, because of one team, so I do not really like this strategy. I don't really like to make a lot of bets, I focus more on one or two bets, but I spend a lot of time on analysis, this works better for me.

You have some very valid advice there....

I was constantly losing most of my bets, by simply looking at the odds that are provided and randomly choosing a Sport to bet on. I then started to compare the odds between different sites that offer the same bets and I noticed a big difference.

I also started to concentrate on the Sports that I am familiar with and I did more research before the match are played. (Also looking at Sport predictions from other players)

This has improved my win/loss ratio significantly ... so it is now more fun to gamble on Sport betting.  8) 8) 8)

from some lists you made, i chose this option and i think this 3rd option represents all strategies to increase profit and predictive skills of a particular match.
if someone has long understood one sport and only a few classifications, usually that person already understands the team or player who has the potential to win in the match at that time.
for example, someone only bets on European league football and of course that person really knows all the best teams and players that can be used as a prediction before placing a bet.
so with pick number 3 it's just that one can easily improve his skills in predicting sports betting.

I think it's quite normal for people to be wrong time to time when betting and that shouldn't be really a disappointing thing, it's a natural part of it and anyone who thinks they could get pure wins would be delusional. I think we should just aim at earning more than we lose, and mostly we will fail at that because house always wins, but even if we are close, or at profit for the time being, that would be enough.

I am not even saying win more bets than you lose, I am saying earn more, if you wager on 10 games, and just win one bet that is x20, that means you are still in profit and that's what matters. That's not going to be easy obviously but that should be the aim, you can't ever go without losing, but you can at least aim at being around the break even point.

Opening an account with every single sports book in your region that is legal is another way to improve your sports betting skill and make the probability of you winning more bets higher. I have noticed that sports book may at some point limit you say if you have a high bank role and this would affect your winning more bets if you only one account with a sportsbook. When you are winning there is the tendency for them to cut you off or limit the amount of money you can place on a bet.

At the end of the day, it all boils down to discipline. No matter what strategy we are using  but if we don't have the discipline to stick to it then that $1k will go down south quickly instead of making it into a six digit.

Parlay, martingale and all other strategies will only be useful if games that you are betting will go on your side but if not, it would be a disaster. I have a gamble online and offline but for me i just can't find the right strategy to 1 into 1000.

Bottom line, discipline and luck would always go hand in hand so that you could make millions in this sports betting industry, just my two cents.

This. It’s very important. Whenever I am placing bets on cricket leagues there are 8 out of 10 chances that I will always lose my money on the team. The fact that I know cricket more than average doesn’t change anything about it. In fact that much I know it and that’s why at least I am winning two games on a good day.

The more you study the players the more you know outcome of the game at the end of day. Like you can populate a result by saying if ABC and CYZ is playing today and they are all rounders plus they are in the same team then it increases the odds of that much on winning site.

This is why study of sports is required. Many gamblers just think they can win with their gut feelings or based on the favourite team. In reality it’s different story.

Parlay should only be done for fun or if we are done on our main objective and if we already withdraw most of our money in a gambling site. If we are lucky we can earn extra amounts but it shouldn't be a reason to become addicted with it and make it as your main game because epic wins can usually occur for rare occasions only. The longer you are in sports betting, the more skillful you are and you will know try arbitrage betting which requires you to use multiple platforms.

If you are also a good bettor, your account will likely be nerfed, making you to play on other sports betting site. Transforming a small amount to a large amount will take time but that's fine. It ensures that you are playing it the right way.

Some good advice on this thread. Personally I think a good knowledge of the sport you’re betting on and familiarity with the teams is the best advantage but you can’t forget to check things like injuries, who has a day off, who is going through a divorce, what city they are playing in, who is in a contract year, etc.

Of course there’s nothing like some good old fashioned luck.

There is no fun in just betting on matches you don't have any idea about. There is more excitement when you learn that your analysis of the fight was right on the money. There may be people betting based on which athlete is the crowd's favorite and they also pick this same athlete to bet on.

Obviously, though the Tennis, boxing, or MMA matches are often predicted by people here and we somehow just try to see which of these users predicts better every time.  Their comments on matches are valued users who follow their analysis. Eventually, we also learn to analyze, and sometimes when my picks won, it felts better.

Completely agreed with this all it's all depend on discipline and luck without this nothing positive is going to happen for any punter and big wins like this surely happen but rarely because most of the time we have losers are crying about one or two loses and their all funds gone just because of their greediness into these parlays.
Many feeling strategies and analysis works, but mostly things like this also have wrong way and loses are mostly on card even we have 80% to 95% winning chances as we have in last few games in different sports with I can give all authentic things about this, but this will be gone long.

If someone wants to enjoy his win even big wins then surely he needs to keep his best under his budget and also try to go with simple things instead of following others going with his own way is also good way of success.

Indeed and also it will be good if the sports you are betting is really your favorite one because it will make you understand the rules and regulations of the game, he will be familiarize to the team yes and previous matches and strategies. From there, he can determine why the odds of the certain team is going to be okay than the other team.

sometimes someone just wants to try other sports matches besides their favorite sports. Maybe it's like trying their luck. regarding the rules of the game of course it has been studied in advance what can and cannot be violated. I honestly prefer soccer matches because I can analyze them easily because many people discuss them. Just need to choose which one is the best.

I know right! Being an expert in many games will constitute lots of losses but trust me, some bets are worth mixing, like mixing basketball events and football events is a good chap for money because sometimes events are limited and to boost odds, you have to mixed them and they are even very easy to win than sticking to a single type of sports, I have won some good number of odds from this method and I will tell you that it worth it.


I don't like this tip, it is my personal opinion and I think my opinion will say the same with many people here. I don't like to comapre odds when it comes to bets, lower line are tricky aspect of basketball, when your favourite betting platform gives you odd with less risk, stick with because their algorith works the way previous events ended, trying to outsmart that will make you lose more esopecially in lower lines of basketballs.

Indeed, understanding sports can assist, but success isn't assured. Losing 80% of bets? Time to reassess! Your point on player scrutiny is good, but not deep enough. Can one player's performance always promise victory? Team dynamics, weather, and player form are crucial. Betting isn't intuitive; it's about thorough analysis. Consider, are your bets data-driven or gut feelings? Real sports betting requires deeper knowledge, right?

An interesting subject in itself, you can develop and optimize your idea, but in the end you always need luck to be profitable with betting on sports. You could also choose to look for the gray area so that you always have a big advantage, but bookmakers will act against that. And then I mean as an example a situation in which a goal is scored but the VAR then intervenes. Then you have odds that are initially based on the goal scored, you could quickly bet on that in the knowledge that a goal could be disallowed. But as I write, I think bookmakers can close your account because of this. So it's not worth the risk.

Quote providers really gradually monopolize the market and quotes are almost the same everywhere, but if we take into account boosters and all sorts of bonuses that are different on different platforms, then we can get significantly different quotes for the game we are interested in. Therefore, this point is important no matter how much you bet - it's better to win more often than to lose  ;)

For me luck is another factor of sports betting. because before we bet, the first thing we have to know is, we know for sure what we are doing. in other words, in sports betting especially football. The first rule is that we must know very well about the leagues that will be part of the betting. second, we have to know, the system in betting regarding odds and so on. third, we must really understand about football itself. in this context, referring to the reference the OP's theme created this thread. from what I said at the top of this post, it's all related to the points the OP made a long list. btw, the VAR problem is part of the mechanism that occurs when a match is held or started.

Well, like I said before, that luck is another factor. that means, someone who wants to be a sports gambler like the OP said. to get victory, there are mechanisms that we have to do some of which the OP has outlined in his thread. in short, to minimize defeat. someone who bets, must involve his insight, knowledge, as well as his skills in terms of analysis and research. after going through this mechanism, we will get a conclusion and that is what is considered in the bet. After that, we just leave it all to luck.

1. The most important step is to Research and analyzes before placing your bets

This is the most basic way or common method on making yourself that improved on doing sports betting on which you should really be analyzing about statistics or simply with the records
if you are really that serious when it comes on winning up such bet but of course you should really be that mindful that there are lots of factors which could affect out winning rate.
Dont make yourself that desperate though because we know that even how hard you do make out the best approach and analysis towards a certain game, it wont really be giving out that kind of assurance
that you would really be making yourself getting some win.

You would be finding out for yourself whether you are a profitable bettor or not and it would be entirely be depending into those records but if you dont really mind much about
your winning rate then you would really be just simply making up some bets according into your interest which i dont really see something wrong with this.
Improving would really be going along on the experience that you would really be having on the long time engagement about on sports betting.

^For comparison is quite good but I will rather choose 1 or 2 gambling casinos to stick with it, the more you open an account the more chances of having losses. It is indeed a strategy that can enhance your sports betting skills and increase your chances of winning more bets. By diversifying your accounts, you reduce the risk of being limited or cut off by a single sportsbook, especially if you have a substantial bankroll. It is not uncommon for sportsbooks to take such measures when they perceive a customer as consistently successful. By spreading your bets across different platforms, you maintain the ability to place higher wagers and capitalize on your winning streaks without restrictions. By doing this it allows you to optimize your betting opportunities and potentially maximize your profits in the long run.

In any gambling game, luck is always a factor that is in play for the final results.
But in sportsbetting, the more you know about a specific sports, the higher your chance of winning.
And coupled with luck, you can hit the winning streak. However, don't get too confident that you will win in every bet.
You still have a lot of factors that you can't account for as those are like your blind spots such as actual performance in the field, or their strategies.
However, the longer years you are following the sports, the more confident you will be in placing your bets, you can also bet on other betting lines for better results.

I'm not sure about that, because if you are fond of a particular team or player and if you are hating some others on the other hand, you won't be able to be enough objective to rightly assess their chances to win or to lose. IMO it's better to review statistics with cold blood to be able to find the best opportunities.

There is more than one way to archive a goal and which ever you use, it all drags you closer to getting more better predictions and taking better bets.
Still, sports net is the closest any one could get on a newer accurate prediction as there are lots of parameters to look at and use in doing your analysis. Even at that, there isn’t any assurances on if you’re going to win your bet or lose it.
Statistics don’t often reflects what’s obtainable on the pitch.

I always understand what I want to choose. Placing bets on soccer is what I really like and it's easier to do research. this will increase my chances of being able to win in betting because I have researched it first.
Apart from football, maybe cricket, horse racing or basketball can be an alternative as long as you know and have a passion for these sports.
If you can only do soccer, then don't switch to anything else, it will be at risk of causing losses. So don't take a bigger risk. stick to sports betting that is mastered.

Conditions like this will indeed affect, regardless of anything, sometimes our judgment and research will be slightly reduced when betting for a favorite club, let alone the opponents we face are impressed below our favorites.
I do the same and many times I have to be willing to lose because my judgment and research are not subjective in this regard because I only see the team that I like and my confidence soars because of that.
But indeed this condition seems quite reasonable, it's just that in gambling it can't be like that. Probability is important but on the other hand, luck is also important in this.

Betting done with research and good analysis will certainly make an edge, but know that in gambling there’s no assurance to win even if how much you know the favorite team. That’s why if you want not to lose instantly from your bets, learn to bet at a small amount so that even if you lose, you will still have another chance to bet and win this time. Gambling is still based on pure luck and chances, but I believe if you are also knowledgeable and a skilled gambler as well, that will also lessen the risk of losing from your bets.

Statistics don’t often reflects what’s obtainable on the pitch? It's the first time I read that, I don't know how you assess chances to win or lose for a team, but if you don't use any statistics for that, you are very unlikely to get profits in the long run IMO. Because even players and coaches don't know accurately how likely they are to win or lose, they tend to overestimate or underestimate themselves most of the time. So statistics don't work every time but they often work.

A nice guide on betting properly. Well, they are very basic but many times we bettors tend to slack or we do not want to go the extra mile, especially on research. There are too many factors that can help in choosing out bets depending on our efforts. I only bet small amounts now which is probably the reason why I do not want to do heavy research anymore.

I used to have a lot of betting sites at the same time for me to choose which one provides the better odds. Now I am only using a few settings sites. I am more into reputable, quick support, and easy deposits and withdrawals. 

Realistically if you think you have stumbled on to a long term winning strategy then you need to analyse it in much greater depths. That means recording every "trade" as a record, determining what made you choose that course of action and constantly re-evaluating whether any of the variables are changing over time. Remembering that variance can make a huge difference, you might get on a lucky streak and win 10 in a row, but if the next 50 are losing bets then you must be aware of that fact instead of reminiscing about the win streak. This would also allow you to more accurately document you research when it comes to comparing odds available at different platforms too, because small margins might mean the difference between profit or not.

What you can do is read a lot about different systems. But the question you have to ask yourself is how you want to make money from gambling. Do you really want to gamble properly and earn money purely on the basis of information and systems? Or do you want to go more into the gray area and keep yourself busy with things like arbitrage betting and relevant matters. And then of course I'm not even talking about matxhfixing. In principle, there is no watertight system that guarantees to always win money, those things do not exist, even though thousands of books have already been written about the casino.

You could also reduce the luck factor quite a bit by engaging yourself in poker and not just gambling on sports and in a casino. The luck factor is also always present in poker, but you yourself influence the percentage of luck that is present in certain hands. With good play you can still lose a lot of money and you can run into bad beats. But a good poker player who plays well will always play poker profitably in the long run, which is why the big names are always on the right side of the score in poker. I have little faith in becoming a gambling professional in a casino or in the sports industry.

Yeah that's right, we can still learn more on something that we are not yet known, more knowledge will give more insights that can help us to at least predict a game. People will sometimes will not do some research before anything they just bet on the teams they are supporting and only based on the player sometimes , but we can read some systems and explore other sports.

because in sportsbetting, even if you know the sports by heart, there are still blind factors for you as a bettor. like the actual health status of the player (if he is in great condition or not), the coach's strategies, the actual lineup of athletes, the mood of the players among others.
so there's no 100% guarantee even in sports betting, because there are some underlying factors that you have no control of.
but your acquired knowledge throughout the years and your passion towards the sports will greatly help you in choosing the best betting line you want to place with.

Thank you all for contributing to this thread. I went through some of your replies and found them interesting. There were some who opposed my suggestions and there were many who supported some of them. I hope to see you guys again contributing in good numbers in my new thread. As of now, I am locking this thread to prevent spam.