Bitcoin Forum

Hi all! Sportsbetting really caught my attention. Seeing that most of the members here like it, I might as well try it. The only reason why I can't start is because I have no experience in sportsbetting.

I want to learn the tricks for a successful betting. Also, I want to learn the basics in sportsbetting. What to do? How to go with the odds? And what sportsbetting site do you guys use?

I'm hoping that some nice users here would answer my question. :)

 Cheers!

Don't bet more than you can afford to lose, because you probably will lose it.  Bankroll management is key.  Also, nothing is a sure thing - if the line looks too good to be true, you should go the other way.

Thanks for the reply! I'm not gonna bet my whole balance in this. I just want to try and experience how it feels to bet for your favorite :)

By the way, what site do you use in sports betting?

in begining for learning experience just bet small even very small. so you will understand how odds works.

dothebeats, I use betonline.ag because I'm in US, and I used to use bitbook.  I would stick with only the top rated bitcoin sites because many are scams, or will become scams whenever they can't afford to pay someone.

Do you think Anonibet is good? I've signed up in there but I haven't send coins yet

I am not sure if you mean favorite team here.  If you do throw it out the window!

You need to not care if your betting against your favorite team.  You want to make the best decision possible and if you think a team you like will sway your decision then stay away from any games that your favorite team(s) is playing in. 

I have bet against my favorite teams because i thought the other side was the smart play.  You need to be able to do this if you want to take betting seriously.

Also there is no right or wrong way to do betting.  A few things you should consider though:

1) Since you are new to betting bet the same amount on every game.  This is also known as flat betting.  Very good betters can judge which plays are worth more than others and assign different unit values to different play but you have to be the best of the best or a scammer.  Most serious betters as well as beginning better only flat bet.

2) do not get tricked into any progressive money betting strategies.  Take it from the people who have lost everything using them.  They seem good at first but they will bankrupt you every time.

3) If you just want to bet for the fun of it this bullet point does not matter.  If you want to bet as a serious hobby to make a steady income on the side then continue reading.  Develop a capping strategy or system and back test it.  Back test it multiple years not just one.  Make sure it is profitable over multiple years if you want to use it in the future.  There are many sites out there that have day by day historical stats that you can use to back test a system or capping strategy.  It is tedious and time consuming but it is necessary if you want to figure out whether or not your system works in the long run.  Some systems and capping strategies sometimes only work for a single year.  I have run into this alot back testing systems and capping strategies.  I am currently running into it alot when back testing NCAAF capping strategies.  For example, i had developed a capping strategy that showed 35 unit profit last season but when i ran it against the 2012 season it lost money.  So back to the drawing board.

4) One system will not work for all sports.  If you do some how stumble upon the holy grail of systems that work for every single sport allowing you to do minimal work when picking games you could sale it for a fortune.

5) Do not get emotional over games.  If you cant help yourself then dont watch the games you bet on.  You cant control the outcome of the game so there is no need to stress over it.  You need to learn to become numb to money.  This will eventually happen over time as you go through many roller coasters and begin to actually understand the warnings people gave you when starting out.  No one like to listen to people, everyone thinks they are the best and because of this most people learn the hard way.  Instead of listening to the people before them they think they are different until they ultimately make the same mistake and learn from them.  This was no different for me.

6) DONT CHASE MONEY!  This is the quickest way to lose everything.

Good luck

Thanks for the sound advice! Yes I understand your point. Whenever I bet on something, I don't really watch the game. Instead, I'm looking for another thing that might recoup my losses if ever I lose. As of now, I'm still researching for the basics and the things I must know before I place my first online bet. :)

Don't bet. Ever. You will lose in the long run.

Find another activity like .. running, reading, poetry, etc.

Sports betting is the devils work.

Don't get involved and you will live a happier life.

Seriously.

There is a very comprehensive set of educational resources and tools on the Bitcoin Betting Guide. Have a look at

http://bitcoin-betting-guide.com/getting-started-betting-articles/

http://bitcoin-betting-guide.com/articles-for-serious-bettors/

http://bitcoin-betting-guide.com/sports-betting-tools-and-resources/

And let me know if there is anything you would like to see that is not covered.

Good luck!

Split your bets into units, where each unit is about 2-3% of your entire betting bankroll.  On strong bets, bet 2-3 units.  On regular bets, 1 unit.

Maintain a good bankroll management system.  Going broke after 4 bets is not fun.  

Start your betting slow, and stay away from parlays.

And for a free tip, bet the Seattle Mariners tomorrow on the moneyline, for a good start.  2 units :)

seattle is the biggest favorite on the board tomorrow.  passing on betting "tips" on games that should won easily is not a tip.

I have not looked at the actual lines, I was looking only at matchups.

LOL. Rule #1 in sportsbetting, look for value in the odds offered NOT just who you think will win unless you are making 1 or 2 bets and never betting again. What an idiot.

LOL, I bet for an income, I suggested a play that would get him started on a win, more likely than not.  I know how to bet.  I look for value every day.  So sorry I am at work and am not looking for plays at the moment.

I'm sure you are a big winner. Not. Rule #2, if someone says they're income is gambling on sports, they're lying or living very well below the poverty line.

Even I, someone who makes 1 BTC bets every day and is up a decent amount would never claim gambling as my income, it just isn't possible. Books limit or ban you once you make quite a bit off them.

Wow, you just have it out for me, huh?  It is not my job, nor my sole income.  It is a SIDE income.  I am NOT rich, I am NOT a HUGE winner (there are no HUGE winners in SB).  I make a side amount of money making bets, I have had 6 years of profit in the last 8.  Was it a ton of profit, nope.  But it is a side income, with disposable funds that I have, that I do not care if I lose.

Go find someone else to harass and stalk.

Best advice for a beginner is bet small/ really small. The best amount is an amount that doesnt make you sweat games.

Take a small amount of money and use it as a bankroll, bet no more then 0.5% of this bankroll per bet. DO NOT CHASE losses.

Well said.  OP; gtfo before it's too late.  BTC is going to the moon my friend!  ;D

I would suggest you limit yourself to a bankroll and divide that into one hundred units. Before you start though, make sure you've watched a lot of the sport and know the current form and skills of each player (ie for tennis you'd know that Nadal would be better on clay than on grass). Then I would advise you try and estimate a line and compare it to the actual line. If there is a large deviation in your favour I would bet on it (more units for a bet your more confident on). As time passes you'll get better at estimating lines and hopefully get an edge over the bookie.

Yes I will bet small. I'm not yet familiar with it. I'll just test the waters. If everything goes fine, I wouldn't be greedy to bet and assume that I'll win big.

Anyway, what available matches are there tonight and what site would you prefer for me to use? I want a site that has a mobile site for me to access it everywhere :)

Thanks!

Don't place all your eggs in a single basket, this means not to place all your bets in a single betting site because every sportsbook has different odds. The best thing to do is to shop around to evaluate where you can get the best returns. Check more betting sites to know where to place your bets.

If you want to start this betting habit to live with these earnings than I suggest better stay out and find some other ways to grow your coins because betting is very risky so I never bet to become rich but just for fun some times if I know any particular team going to win than I bet on that match. So so for I won more than my loses but not much. I always used directbet site to bet in sports.

We can not prohibit what you want , but a suggestion always we do. You are going to start betting on sportsbook okay it's not too bad idea than you are going to start build an assassination organization.
Experience are needed when you decide to bet on sportsbook, watching the teams , do a research, and know recent situation for the team that will compete.

A lot of beginner betters will do money line parley with big favs. This is a really bad idea and has no value. Big fav -250 or better have no value. Lets say a team is -8 that should be -450 or so but the books will make it -700 knowing ppl will ML parley them no matter what.

Another thing if everybody is on the same side (80% of the ticket counts or better) just fade it. The public loves to take big name teams no matter what (pats bama cavs gs and so on)

The most important part of sports betting is bank roll management tho even if u think its a lock its not NEVER use more the 5% of your bankroll on one game.

That's pretty good advice, proper bankroll management is a must for a long run player IMO.

yes, usually one way is to bet with a upper limit of 5-10% of ur bankroll per period/session. so if u play one or twice per week, make sure no matter how long u play for this week, dont exceed 10% of ur bankroll, so u still have 90% to safekeep or another week to play.

Im not professional in sport betting but i think the more bets the more chances of winning.
So if you bet in manny bettors you have more chances to win..

Great. If most of ppl are like you, they wouldn't lost many money even would be able to earn a bit money. Gambling is for fun. As a normal ppl without any skills, we cannot live with gambling.

The first time sports betting know I always bet on the team that I like. ie "Roma". But a long time I started to bet on the team that I do not even like. I start from the premier league. serie a and many other leagues. unfortunately I do not use bitcoin.
I recommend you to look at bet365. deposit with NETELLER (bitcoin accpted in NETELLER deposit).

Goodluck OP ! :)

There was some pretty good advice here.  The best was probably don't bet.  It's also the least fun.  Great advice would be to take Clemson to win outright over Bama.  Pays roughly 2.5 to 1 and will be great when Watson curbstomps Nicky Satan!  Don't bother with the line.

For sports bet, I prefer to bet under goals or over goal, because I think it is easier to guess than on who will win,
when the big teams play I usually bet over goals, and vice versa

I would say pick a starting bankroll and work within it. Set limits on the amount your willing to bet on any given match and stick to that. Also its important to manage your bankroll in a way that you can lose some bets (and you are gonna lose some bets) and still have plenty to recoup with. You do not want to get to a point where your constantly depositing in order to make bets. I'm telling you from experience. Good luck.

My tip for you when betting on sports game is first review the history of those teams then check their standings if available then you could determine who will easily win on that match but be careful sometimes they throw the match. Thats what i do after rolling my .01 to .1 then roll it some more up to .5 then cashed out

Hi,
if you want to make something in the long run-play only asian lines. Also find a bookie giving the best payout. For more open www.oddsportal.com and asianodds.com, Also put the same amount on each bet and look ahead. Be careful with small soccer leagues like Albania, second divisions, Croatia etc. Learn what dropping odds mean.

Step 1 : Be interested in a particular sport.
Step 2 : Watch few games o I'd say watch the game for a month or a specific tournament and literally study all the gameplays/teams/tricks/facts/everything in and out.
Step 3 : Go to directbet.eu,select your sport and the respective match
Step 4 : Now odds x2 implies you will get multiplied by 2 of whatever amount you choose to be on the team.Max stake= maximum amount of money you can bet on a particular match
Step 5 : Deposit money on your favorite match deal.

Start with small amounts,understand how betting actually works .To avoid all the hard work,follow some tipster on this forum and go by his choices.Best of Luck. :)

Your tips are solid. But in reality it is not so simple. Even if you study everything about certain matchup there is still high window for mistakes of both teams.
As we all know big sport is not about who is better but who is making less mistakes - and this is random factor of every game.
I know everything about certain sports, yet I can't predict more than 60%-70% wins of certain teams.

I saw many interesting tips in this thread, so i will just give you an option of where to bet.

We are now in the IV edition of the Tipster Championship, sponsored by direcbet.
This is actually a great place to start because you can do it with almost no risk at all.

We offer you a 100mbTC participation prize just to participate in the competition (to qualify for this you need to place at least 70bets during the competition). And if you manage to hit a paying spot in the end, you will get even more prizes on top of you potential winnings from your bets. The prizes can go up to 1.8 BTC if you use more than one account, and up to 1 BTC if you just use one.

So instead of just betting, and getting profit, you can bet with us (on directbet, and while participating in the competition), get your normal profit and even have a chance to win prizes.

Here is the registration link:
https://bitcointalk.org/index.php?topic=1248467.0

Here is the discussion thread (where you can place any doubts):
https://bitcointalk.org/index.php?topic=1256522

Hope yo see you there.

i think you should get a lot of knowledge about the match and the players before betting on anything, then you should search for the best odds that sportsbooks give and the make a bet, also you have to bet a smaller amount of money than you actually can not afford to lose

i would also say start small. start to fix to one type of sports that you like. watch the whole game plays and listen to the different analysis. den studies for a period a time. once u think u see some pattern or confidence, bet small and try if it is really what you think. den if it is going smoothly, slowly get bigger.

Some advices from my personal experience
1.Only bet on those games/players that you know about and confidence about they can win.
2.Don't bet on every upcoming match otherwise your betting will turn into gambling in some way.
3.Follow some tipsters who have good record and do not completely become dependent on them(as there bets too get wrong)
4.Don't always go with favorites everytime.
5.Bet live when you can even if odds are less(it can really help you decide the winner)
6.Have fun and Don't bet your complete bank roll on single bet.  :D

bet on Sports Betting really depends on luck, sometimes the seeded team can lose. What kind of sports betting that you like? soccer? NBA? tennis? or other?