Tips on how to place sports bets

[Fortify]

To help the community I thought of putting together a few tips learned through sports betting and see if anyone else has ideas that might contribute to success. I only gamble for fun and tend to stick with the small free bets that casinos give out. This list was mainly put together while taking welcome offers and doing a bit of "matched betting". However, it was quite a learning experience and hopefully help you to avoid some silly mistakes.

Know what you're betting on. It sounds super simple, and it is, but if you are new to a certain game, don't get carried away by thinking you have a certain way to win. If you are usually placing soccer bets and suddenly jump into horse racing, it is very easy to think that the top rated horses will always win but many times they do not.

Start with small bets. This ties into the last point slightly, because if you are new then you definitely want to start with small bets (unless you need to place a certain amount to unlock a welcome offer) until you are confident that you understand all the risks - you might needlessly lose a lot of money otherwise.

Make sure you understand the odds. I personally always go into the settings section of any gaming site and switch to the "Decimals" option to display the odds. This could come down to personal preference, but I've found it far too easy to make mathematical mistakes when trying to read odds in fractional format. Some examples: 1/1 = 2.0, 1/2 = 1.5, 2/1 = 3

Read all the terms relevant to your bet. Be sure not to place a bet on the outright winner of a competition, when you only intended to place a bet on a single specific game. If you have to place a minimum amount to unlock a free bet or welcome bet, along with minimum odds, be sure to understand what you are doing - only the first bet you place will count in many circumstances.

Don't be afraid to contact support. There was a couple times when I knew that I placed a proper qualifying welcome bet, but simply did not get it credited to my account. Another time there was a glitch that was preventing me from depositing. After a short chat with the someone on the helpdesk, they confirmed that I was eligible for a reward and it got added to my account. You might have to dig around and go through help sections in order to find the live chat.

Double check you have entered the right details. It can be easy to get carried away if you think you've found a great bet to place, but make sure do not rush it! Take a breather and read through the bet before submitting it, before you get a rush of regret by overlooking a silly detail (e.g. shots on target vs shots taken) or putting too much money on it.

Stay away from games like Dice unless you are doing it purely for fun. These games are designed to favor the house over the long run and you will not win. The highly repetitive nature of the game may also build a habit or leave you thinking that there is some sort of pattern going on, both are dangerous thoughts. If you know what you are doing and just want to take a chance then go for it, but you will not make any consistent money from these zero skill games.

Does anyone else have ideas on how to gamble successfully?

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[Jating]

Sports betting? Maybe if I can odd, know the teams that you are betting, specially before the game.

You have to check the line up if they are complete or someone gets injured and doubtful to start specially star players. This could really spell from winning and losing your bet. If you do pre game betting and base your bet that the team is fully healthy and the star players are going to play. But during the start of the game, for unknown reasons the star players gets injured or decided to rest and not play.

Maybe the odds will chance at the last minute, just saying.

[Yamifoud]

How come dice was included here when we are just talking about sports betting?

Maybe one suggestion that would help is don't bet on parlays, and don't chase your bets by doing live betting.
Based on experience, these kind of bets are killing our bankroll, especially on live betting, if we are chasing, sometimes it will result to wiping out our entire bankroll, so always stay discipline in controlling your emotion.

[Wexnident]

They're not really specific to sports bets only, most of the stuff you said can be generalized in all types of gambles out there. I'd reckon the best tip when it comes to sports bets, in general, is the research and study involved in the scene. Sports have a number of teams/players that are involved, not to mention the different factors that you need to take into account when betting. If it was a simple W/L, then there are far less stuff you need to study, but if you were to go into it deeper and start betting on specialized results, then that would require more research and study (though you could just enter it willynilly, I guess that's also one way to bet).

[tyz]

All the points you mention are valid and actually known. But it is again a nice summary. One point I would add, which I think is one of the most important points in gambling, is money and balance management. With intelligent money and balance management you can survive even very bad periods in gambling.

[Fundamentals Of]

These are all advice for gambling in general. They're all applicable not just with sports betting but also with the rest of gambling games, may they be casino games, sports betting, lottery, etc.

As also pointed out by Yamifoud, the last advice seems to be out of place because you are talking about "Tips on how to place sports bets." Dice is not sports betting.

Does anyone else have ideas on how to gamble successfully?

Just enjoy it. Don't forget that you are gambling to have fun, not to make money. Gambling is spending not earning. If you are aware of this while gambling, you are already successful.

[Fortify]

How come dice was included here when we are just talking about sports betting?

Maybe one suggestion that would help is don't bet on parlays, and don't chase your bets by doing live betting.
Based on experience, these kind of bets are killing our bankroll, especially on live betting, if we are chasing, sometimes it will result to wiping out our entire bankroll, so always stay discipline in controlling your emotion.

That's a fair point. I guess it might have been better to include something about potentially misleading games that are really just disguised random number generators - like virtual horses for example. There is no skill involved in them, but lots of gambling sites add functionality that imitates real horse racing (like "tips", "previous form" and "history"). Most people will know this already, but some might be fooled by betting on such things.

[YOSHIE]

A little extra, if you're talking about sports betting.

strategy: is also a good factor in betting in sports betting, although every online sports bet is ticked by a factor: The 'luck' strategy is also the first step towards improving and helping one have a very good chance of winning.

Facts: choosing a team, the type of bet with where you start online sports betting, strategy: can help you put your money to bet.

But as we know sports betting is a factor of luck, sport is always based on skill in mastering and learning every fight.

[Stalker22]

Sports betting has become more and more common around the world, and as such, many people are beginning to get more and more comfortable with it.

All of these suggestions are excellent and important to all newcomers, but I'd like to highlight one more that I believe is crucial:

Choose your bookie wisely. Finding the right gambling site should always be your highest priority.

[aysg76]

The OP has mentioned some good and valid points which we must consider before placing any bet on the site as this sports betting market is becoming risky with growing popularity.I would like to add some point:
1) You must choose in which crypto you want to trade and whether that particular casino support that currency or not.These days transaction fees have become a major issues for ERC-20 tokens and your winning amount could be sacrificed with fees so choose wisely.
2)Trade you looses in a fun manner and try to learn basic skills with time and turn your mistakes into profits.

Enjoy your game and keep playing.

[Yogee]

You can't win all time when it comes to gambling so stay within your betting limit because you will most likely lose a lot of money quickly if you don't. Bankroll management in sports betting posted by Stedsm is a good read https://bitcointalk.org/index.php?topic=5286000.0

How come dice was included here when we are just talking about sports betting?

This was actually a good twist in his post. He probably had a great experience with Dice hehe.

[Casdinyard]

If you will be able the odds between the teams or players, then you will have a higher chance to win in sportsbetting. The thing that makes it easier to win in sportsbetting compared to other pure-luck gambling  games is that the outcome is in the hands of the players or that they have control of the outcome most of the times. Ofcourse luck will still be there but most of the time, if you know who and what you are betting your money with  in this field, you will get the win on the bet. Also, Be careful on manipulation on the outcome which is quite observable nowadays especially in online gambling.

[fiulpro]

Well you know I do think you can win in dice games also if you do keep your bet small and at some sites there are a range that you can pick yourself. This is much more profitable and at the end you can make a good money for sure. But then again it would depend on where you are playing since most sites have different types of such games. At the same time I do think that if you are talking about sports betting it's all about knowing the players even better than themselves at the same time it's highly Important to keep a track of the news and their life alike. Much like stalking haha. Most of the times sports betting is easy money for people who are really accomplished in this section.
At the same time I do think players should always choose a good site to bet on since it's always a good idea to check the reviews in advance.

[bitbollo]

nice tips that can be useful for newbie on sports bets. however the suggestion about "dice" is valid for any other game with an house edge since the mechanism behind will be the same. I want just add to your suggestions:
- not play to much event in a parlay bets since the real odds of winnings will be drastically cut.
- not be focused on "big jackpot" since lucky isn't a profitable way for earn money in long terms.

[yahoo62278]

Since this is mainly about sports betting, I would advise users to always straight bet vs parlay betting. The odds of your bet increase with each team you add to a parlay bet, but the odds of you winning that bet decrease greatly with each team you add. In a parlay you have to win all bets or you lose the bet.

[ChuckBuck]

Since this is mainly about sports betting, I would advise users to always straight bet vs parlay betting. The odds of your bet increase with each team you add to a parlay bet, but the odds of you winning that bet decrease greatly with each team you add. In a parlay you have to win all bets or you lose the bet.

If people understand the rules of parlay betting well, they will understand what they need to do. In its essence, the higher the risk, the greater the victory. Although it allows players to choose any first match they are sure of, football contains unpredictable fluctuations, so the risk of having to win every match is high. But I think most players accept it, since the returns are exponential 

[swogerino]

Since this is mainly about sports betting, I would advise users to always straight bet vs parlay betting. The odds of your bet increase with each team you add to a parlay bet, but the odds of you winning that bet decrease greatly with each team you add. In a parlay you have to win all bets or you lose the bet.

This is one of the best tips which I always seem to forget.I try to add a lot of teams with small odds but as we saw yesterday Manchester City made a lot of people lose their bets including me.I have played single bets in Champions League during these last stages and when I have done so I have won a lot of more often than I have lost.Unfortunately most of the time greed gets the most out of me,I also think this happens with a lot of gamblers.

[Joel_Jantsen]

How come dice was included here when we are just talking about sports betting?

Because most of the famous Sports-Betting sites have an option to play Dice with very less deposit and high outcomes. You will be tempted to deposit a part of your winnings into the dice game to try your lock. You know, Greed.

OP Seems to have missed a very important point
 - Make sure you're playing on a reputed Sports-Betting site because if you win big, scammy sites will introduce a number of conditions like KYC/Bet verification to lock you out of your funds. Always, play safe even if the site promises massive deposit bonuses.

[Saint-loup]

Stay away from games like Dice unless you are doing it purely for fun. These games are designed to favor the house over the long run and you will not win. The highly repetitive nature of the game may also build a habit or leave you thinking that there is some sort of pattern going on, both are dangerous thoughts. If you know what you are doing and just want to take a chance then go for it, but you will not make any consistent money from these zero skill games.

Does anyone else have ideas on how to gamble successfully?

Gambling has nothing to do with skills otherwise please explain us what specific skills have lottery winners. This is just a matter of luck, so that's totally wrong to claim you can't make any consistent money with gambling games, if you're lucky you will do. Unfortunately it only concerns a tiny fraction of gamblers, so that represents only few people, but those people exist and can be anybody.

[romero121]

Start with small bets on much known games. Take into account a detailed list of sites providing odds for the game. From that you can get to know about the average odds for each team associated with the match. Further, it is good to make a note on the winning prediction from different sites and choose the one that is predicted to win out of the collected data.