Whether you’re a capper sports betting in Canada or the United States, one of the biggest mistakes the casual player make is thinking that making money comes down to picking winners. While being right with your picks is definitely part of the equation, you need to be able to manage your money and understand the values of your bets. Here is a look at the keys to pick sports betting sides the right way.
Always Put Rational First
While it’s easy to get caught up in the emotion of a sports betting event, the reality is that you want to do everything you can to avoid emotional betting and stick with rational. The emotional bettor will bet on what they want to happen in a game rather than what they truly believe is most likely to happen. This is one of the biggest mistakes that casual bettors make and while they might not be doing it on purpose it could be a subconscious decision in which they follow their heart. The smart bettor has a sharp awareness of what to expect in a given matchup and makes their decisions based solely on rational.
Focus On Profits
Sometimes the smart sports betting decision is the result of focusing on seeking higher profits rather than seeking higher hit rates. For example, if you are doing NHL betting and solely backing -200 favorites to win, then the likelihood is that you will win more bets than you lose. However, the problem is that the value is terrible with those types of wagers so you could end up failing to make a profit or even worse you could lose money. For example, if you make 10 wagers with $100 at -200 and you win all 10 of them then you will have won $1000. However, if you make 10 wagers with $100 at -200 and you win only six of them then you will have won $600 but lost $800, which means you will be at -$200. In this situation, you will have picked more winners than losers but since you are betting terrible odds you actually end up losing money rather than winning money. This is one of the biggest mistakes that casual sports bettors make and it’s definitely something you will want to avoid.
Find Quality Over Quantity
As tempting as it might be to bet every single day – especially sports like the MLB, NBA and NHL betting – the reality is it might be smarter to take a more conservative approach and hold out for better value. While the sportsbooks do an excellent job of supplying lines for almost every sports betting event and trying to lure you in the bottom line is that you should stick to your strengths and worry about the quality of your bets rather than the quantity of your bets. There is no guaranteed that every bet you will make will be a winner but by narrowing your selections to stick with only the best, by focusing on your profits and the bottom line and by always putting rational ahead of emotion you can substantially improve your odds of making profits when betting on sports.