Betting on sports is both exciting and nerve-racking. Big money can be won and lost in just a single bet. Inventing your strategy can help you on your way to win big, but with our sports betting guides, you can start your sports betting adventure.
If you are looking to turn your sports betting game around and start making profits, then you need to begin employing proper betting strategies. Online New Jersey sports betting has been legal since June of 2018. Many fantastic bonuses are available for your benefit, but you first need to know where to put your money.
No matter what kind of sports you are into, football, baseball, horse racing, tennis, or more, here are some all-important betting strategies to help you on your way.
The best online sports betting strategies
Are you looking to make a profit in sports betting? Then you have to understand the importance of betting strategies. Knowing and employing the best betting strategies is key to becoming a successful sports bettor. In this article, we will look at the essential tactics.
Some of the key strategies we will discuss in this article are:
- Find the motivated
- Value bets are king
- Bet smart
Know the team/player
Knowing the sport you are betting on inside and out, its rules and the different types of bets is vital for a positive betting record. But that alone will not instantly turn you into a winner. Betting on either a team sport or single-player sport, you must get to know the teams and players as well as possible. You need to figure out all of the following critical information:
- Their strengths and weaknesses
- Their current form
- Home court advantages
When choosing which team is most likely to win, don’t be biased towards your favorite team. Looking at the teams objectively, with these variables in mind, will give you the best option.
New seasons always come with significant changes to teams. Make sure to look at how those changes affected the team for the better or worse. Look for players aging, leaving, or joining the team. Did something in the managerial staff change? How are they performing under that manager? Evaluating the overall effect of these changes on the team needs to happen all the time since organizations are continuously evolving.
With single-player sports, it’s much of the same story. What is their current form? What is their current record? Did they acquire a new coach or trainer? What changes might be affecting his/her performance?
Don’t underestimate the motivated
Teams and players do not always perform how you’d expect. Sometimes a match is more important to one side than it is for the other. Underdog teams can exceed expectations under fear of relegation, for example. Great teams might underperform when seemingly nothing is on the line.
When you look to bet on a team or a player, look at how important the match is to them.
- If you’re a basketball bettor and the team already reached the playoffs with no chances of climbing in the ranks, they might sit out their best players.
- A team on the cuff of reaching the playoffs might step it up another notch.
- A team who wishes to avenge a defeat from a previous game may also be highly motivated.
Betting on the skill of the team is important, but it is not everything. Also, look at the teams’ determination to win. Their motivation can be the deciding factor in winning your bets.
Don’t let losing get to you
One of the biggest mistakes in sports betting is chasing your losses. Sure, there will be times where you hit a losing streak. Just like winning streaks, they happen in sports betting. When you happen to be in a situation like this, remember not to panic. Panicking leads to chasing your loss, just to turn it around. Instead of this, look at your betting patterns and reduce the amount you are betting until you get back to winning.
Don’t worry, losing streaks happen to everybody, and you will be tempted to chase your loss. Waiting it out until you get back to the winning rhythm is the best strategy here.
It sounds tempting, betting on your favorite team, despite them falling from grace. Hoping that your favorite player will magically recover from that lengthy injury. Or rooting for the underdog because the returns are looking great.
You make these hopeful bets with the heart instead of your head. Evaluating the teams’ or players’ chances honestly and objectively gets you further then basing decisions on feelings or hunches. Consider all the factors involved in your choice. Be selective with your bets; only go for the ones that make sense and give you the highest probability of winning!
Understand the concept of value
Real success only comes when you make valuable bets. What do we mean by this? Value is a term that gets used a lot concerning sports betting, but it’s something that many bettors don’t properly understand.
- The bets’ value is the relationship between the odds of a bet and the probability of that bet coming true.
- For example, if you think that the odds of the New York Yankees winning a game should be around ⅓, but the odds offered are ½, then this is a great value betting opportunity. In this example, the ratio of risk to possible reward is in your favor, so the Yankees are a good bet in this instance.
There’s no right or wrong way to bet on sports. Various methods can be useful. The best way to determine which techniques work well for you is by experimenting with them. Betting small amounts with new strategies and systems you found in books or online until you find an approach that results in profits. Try out different types of wagers and various forms of sports betting too, like fantasy football, for example.
Check Out the Injury List
Make sure to be looking out for injuries. They can radically change the chances of a team. There are instances where you can overreact. Check out who’s injured, the importance of that player, and the quality of their possible substitute. The bookies could give that second-string quarterback horrible odds of winning, while you know that player possesses a lot of value for the team.
- Using these types of situations in your advantage can lead you to find some high-value bets. However, should there be more than one injured player, or it’s the team captain, then be a little more careful.
- With single-player sports, it is an entirely different story. An injury is most likely devastating for the players’ chances. No matter how good Roger Federer is, an injury will undoubtedly sideline him.
Sports Betting Strategy FAQ
Will I get paid my winnings?Yes, as long as you are playing on a reputable New Jersey Sportsbook. Luckily, online sports betting in New Jersey is well regulated and you will easily find information about the reputation of any sportsbook.
How many betting sites should I join?That is totally up to you! If you find it easier to have only one account at a single sportsbook, than do that. Some people want to take advantage of the slight difference in odds between sportsbooks. We advise you to make use of this strategy if you are playing for the long run.
What is the minimum requirement for my wagers?Most sportsbooks in New Jersey accept a minimum bet of $1. Sometimes a little lower, sometimes a little higher, it all depends on the website you are placing your bet on.