Many people enjoy the hobby of placing wagers on sporting events as a kind of recreation. However, it is possible to generate a steady profit from sports betting if you take the time to learn the ins and outs of betting strategy, the various wagers available, the odds, the merits of each wager, and when to cut your losses and walk away.
Sign up with a Couple of Different Sportsbooks
One sportsbook account is required to wager, however having access to the services of multiple books allows for greater informed wagering. There are a number of sportsbooks to choose from, and some of them even provide registration bonuses.
Throw Good Money after Bad
This term describes the strategy of placing more wagers in an attempt to win back money that was lost in an earlier wager. This is risky because after experiencing a loss, many people may forgo their better judgment and make more poor wagers in an effort to recoup their initial investment.
Study the Concept of Point Spreads
The popularity of point spread betting increases when the expected score differential is higher. Bettors on a point spread wager predict not only which team will triumph, but also by how many points.