Sportsbetting tips: How to bet?

[dothebeats]

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!

[Jcw188]

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.

[dothebeats]

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?

[deadley]

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

[Jcw188]

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.

[dothebeats]

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

[brian123321]

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?

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

[dothebeats]

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?

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.

[SixFigures]

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.

[Bitcoin Betting Guide]

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!

[Midwestbitcoiner]

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

[brian123321]

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.

[Midwestbitcoiner]

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.

[WhatsBitcoin]

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.

[Midwestbitcoiner]

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.

[WhatsBitcoin]

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.

[Midwestbitcoiner]

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.

[Bismarckbkk]

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.

[jeremypwr]

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.

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

[Light]

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.