The Reality About Sports Gambling

 

The odds are against you turning consistent profits over the long haul. That doesn’t mean it’s impossible. It just means that it requires hard work, discipline and a little luck to make even the smallest of profits. If you like playing multi-game bets (parlays and teasers), you should enjoy yourself, but don’t expect to be a successful punter. You are giving away too much value while trying to run a ticket. For Australians, using free bets promo codes are the only way to maximize your chances of winning on a consistent basis. Even with straight bets, you need a strike rate of a minimum of 56% to turn a profit at standard odds of -110.

Tips for Managing Your Money

The best way to help you become better at managing your money is to provide you with some basic sports betting tips and let you develop your own betting methodology through experience.

Tip #1 – Betting systems that delivers the goods on a consistent basis are hard very hard to find so be sure to read trusted reviews and do your research. Also, the buying of information from touts must also be looked at closely as there are many that are good and many more that are not worth the money. There are many free tips and predictions available which are well worth the time to check out. One of the best thing to do is to learn to rely on your own handicapping skills or stop punting.

Tip #2 – You are justified to take advantage of all the free bets and value bets you can get from your online bookmaker. If Ladbrokes promotions are offering something for free, get the promo codes and go for it. If you want a system that works, Google the term “bonus bagging” and read up on how to earn free bets with little to no risk. All you need is the right Ladbrokes promo codes and a bookmaker like Ladbrokes that offers aggressive Ladbrokes promotions for the punter’s benefit.

Tip #3 – Regardless of the size of your bankroll, you should never place a wager that requires more than 5% of your bankroll. You stand a far better chance of grinding out wins with a small portion of your bankroll than you do trying for the big hit.

Tip #4 – One of the most common mistakes sports punters make is to vary their bet amounts, depending on the strength of their opinion. Don’t do that. Use A Flat Bet Amount on every straight wager you make. Don’t wait until the day you hit four out of five bets and still lose money before you come to understand the problem with trying to vary the size of your bets.

Tip #5 – If you want to become a serious sports punter, you need to learn how to keep track of your bankroll and your wagers. You need to treat your betting as a business if you want to succeed. If you are punting for the sake of entertainment, that’s fine, but don’t expect to make money.

Tip #6 – If you hit a losing streak, it’s okay to take a few days or weeks off from punting in order to clear your mind of the frustrations that come with constant losing. If you hit a winning streak, you need to resist the temptation to increase your bets or wager more often. Why mess with something that is working?

Before you start your travels as a sports punter, you should take a moment to consider your objectives. If you a looking to make sports punting a profitable endeavor, take heed of the tips listed above.