Do you know how much money is spent on sports betting?
A lot..
According to the Office for National Statistics (ONS), two-thirds of all adults will place at least one bet this year and the average household spends £166 per year on online betting.
That’s 3x more than the gross domestic product (GDP) of Finland, Norway and Sweden. Combined!
But, the vast majority of that money is waged by amateurs who lose more money than they make.
Sports betting is not based on random chance and the enormous scale of the industry means that you are no longer just competing against the bookmaker, but other sports punters around the world.
Like the stock market, sports betting is now a global marketplace and there’s a growing group of people that are able to turn it into their full time job.
Stockbrokers use their skill and experience to read the market and then decide where to invest their money. Professional sports punters do much the same thing by following simple rules.
It’s not just a game
For most people, sport is just entertainment.
That means that the way that sport games are talked about around you, whether in the media or down the pub, focuses on issues that aren’t as important to winning sports punters.
That ranges from personalities and rivalries to the significance of a particular game.
To be a winning sports punter, you need to put that emotion aside and look at sport in a different way.
Winning punters aren’t concerned about whether a particular game will result in a title or cup victory. In fact, they are often not even concerned about which team wins the game.
A lot..
According to the Office for National Statistics (ONS), two-thirds of all adults will place at least one bet this year and the average household spends £166 per year on online betting.
That’s 3x more than the gross domestic product (GDP) of Finland, Norway and Sweden. Combined!
But, the vast majority of that money is waged by amateurs who lose more money than they make.
Sports betting is not based on random chance and the enormous scale of the industry means that you are no longer just competing against the bookmaker, but other sports punters around the world.
Like the stock market, sports betting is now a global marketplace and there’s a growing group of people that are able to turn it into their full time job.
Stockbrokers use their skill and experience to read the market and then decide where to invest their money. Professional sports punters do much the same thing by following simple rules.
It’s not just a game
For most people, sport is just entertainment.
That means that the way that sport games are talked about around you, whether in the media or down the pub, focuses on issues that aren’t as important to winning sports punters.
That ranges from personalities and rivalries to the significance of a particular game.
To be a winning sports punter, you need to put that emotion aside and look at sport in a different way.
Winning punters aren’t concerned about whether a particular game will result in a title or cup victory. In fact, they are often not even concerned about which team wins the game.
5 Sports betting tips and strategies that work!
How do you go from being an amateur who loses money to a professional that wins?
And where’s the best place to start?
To answer those questions and help you on the road to success, we’ve put together 5 sports betting tips you can use the next time you’re thinking of placing a bet.
Let’s dive right in!
1. It’s all about the odds
When you’re watching the big game down at your local pub, you’ll often hear people casually ask:
‘Who’s your money on?’
What they are really asking is who the other person thinks will win.
Ask a professional sports punters the same question and they might have different answers between who they think will win and who they have put their money on.
This is an important distinction because winning punters are actually placing money on outcomes that they think are more likely to happen than the odds imply.
That often means betting for an individual or team that they think will lose because with the right odds this still generates long term gains.
Casual sports punters make bets based on who they think will win, but the professionals always focus on the odds and look for the right deals.
Professional sports punters make money over time by keeping their eye out for outcomes that are undervalued by the bookmakers. Sometimes that means betting on the underdog and sometimes that means betting on the favorite, but only do either of these when the sports betting odds are right.
2. Bet with your head, not your heart
A large number of people are betting for emotional reasons rather than based on an objective assessment of the likely outcome. These people might be betting for their country, their home town or their favorite sports stars.
The bookmakers have to respond to this and adjust their odds accordingly. That means the odds-on favorite to win might be chosen more by popularity than what the book maker thinks is their real chance of winning.
That’s great news for professional sports punters who are looking for deals based purely on the most likely result.
So forget your favorite team and be careful about betting on any outcome where you have an emotional investment already.
Read Full Article Here: 5 Sports Betting Tips to Double your Winnings!
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