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1. Get to know your
teams
Study the teams, learn
their strengths and weaknesses, know their home
and road records, and evaluate them objectively.
Pay attention to changes in the quality of a
team from one season to the next as players
get older and changes occur in personnel and
coaching staffs. Salary caps and free agency
make it more difficult for teams to stay at
the top for long periods of time, so major improvement
or decline from season to season is commonplace
in professional sports.
2. Bet on motivated
teams
Sometimes a team doesn't
play up to its potential, but at other times
may play well above what is indicated by their
overall record - especially in critical games.
Determine how important a game is to a team.
If the team has already clinched a playoff spot,
they may be more focused on the post-season
than the present game. Conversely, a team facing
a must-win situation to make the playoffs may
be highly motivated. A team out to avenge a
defeat earlier in the season may also be very
motivated.
3. Don't chase your
losses
When you do run into the
inevitable losing streak, don't panic and make
the common mistake of betting larger amounts
in an attempt to recoup your losses. Instead,
examine your handicapping methods and reduce
your betting amounts until you start winning
again. Remember - chasing your losses is the
single biggest mistake a gambler can make. Once
you start winning again, increase your bets
slightly, but don't go overboard. Unfortunately,
like losing streaks, winning streaks also come
to an end.
4. Bet with your head,
not your heart
Make an honest assessment
of a team's chances, not one based on emotions.
Don't bet on a team simply because it's your
favorite without considering the real odds.
Be selective and remember that you will only
find value betting situations in a small number
of games. Betting the entire NCAA or NFL schedule
every week is a risky proposition at best.
5. Value betting -
find low risk high reward action
Successful football betting
requires getting value on your bets. Basically
this means getting better than the "true"
odds on your picks. For instance, if your objective
prediction for a game suggests that the Raiders
should be receiving 5 points but are in fact
receiving 8, then this is a value-betting proposition.
In this case, the risk to reward ratio is very
much in your favor, making Oakland a strong
play.
6. Bet against public
opinion
Certain teams always have
a strong public following. For years, the Dallas
Cowboys were one such team, having captured
the public's admiration during the Aikman-Irvin
years. High-value bets can often be found by
betting against these teams because the odds
makers adjust the line to reflect the expected
amount of public money. Thus, the underdog is
often listed with better odds or a larger point
spread than they realistically deserve.
7. Stay abreast of injuries
Watch the injuries, but
don't overreact to them. Judge the importance
of an injured player and the quality of his
back up. Remember that second-string players
are often highly qualified and are especially
motivated when replacing a starter, so it often
pays to bet on a team missing its best player.
The public normally overreacts to injuries so
you may find good value in this situation. However,
beware of situations where there is more than
one injured stud or there is an injury to the
team's captain or inspirational leader.
8. Keep accurate records
Accurate records of your
wagering activity are essential for increasing
your winning percentage. For example, do you
tend to bet your home team or your favorite
team?
9. Don't bet just for the sake of betting
There is no shame in passing
up a bet. Remember that there are sports betting
opportunities almost every day of the year.
Don't bet simply for the sake of gambling -
be patient and wait for good value betting opportunities.
10. Practice smart
money management
Good money management is
just as important as picking winners. Increase
your betting amount only when showing an overall
profit and reduce your betting amount when you
are losing. Try to set a maximum percentage
of your betting capital that will be placed
on any one bet in order to minimize your exposure.
Many professional handicappers suggest that
no more than five percent of your wagering capital
be at risk on any one bet, no matter how strongly
you feel about the game.
Most players start the
season with absolutely no clue as to how much
capital it takes to withstand the ups and downs
of a typical football season. You should give
yourself enough money to have a chance all year.
Sports betting is nearly always full of streaks.
Even with great handicapping, you're still going
to lose 40 percent of your bets, so be prepared.
Here is the important part.
Never risk more than 25 percent to 30 percent
of your bankroll on any week. In other words,
if you like 5 pro games you will bet 6 percent
of your bankroll on each game. On the best plays
you will bet 8 percent and maybe 2 to 3 times
a year you will find a game that's worth 10
percent of your bankroll. If you love a lot
of action, simply drop your bet size (2 percent
to 3 percent), but never risk more than 33 percent
of your bankroll in one day. If you win one
week, your bankroll is larger so you'll automatically
increase your bets as you win and conversely
decrease your bets as you lose. The purpose
of the reserve is to recapitalize one of your
bankrolls if the season starts out cold and
you hit an early losing streak. In a typical
year you should be cautious weeks 1 - 4, be
bold weeks 5 - 12, and then revert to caution
until the play-offs and bowl games.
This is a simple money
management scheme and there are more sophisticated
methods of money management available, but for
most people this method should work just fine.
We keep track of our hypothetical bankrolls
using this method.
This should give you a
start in the right direction. We trust you will
find this reading enjoyable and informative.
GOOD LUCK THIS SEASON!!
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