3 Important Things To Consider If You Want To Bet On Sports

The days of betting on sports being a shady, unsavoury, and risky business are all but over.  Of course, wagering and betting your dollars on the outcome of a sporting event does still have risks, but those should be minimized today due to the number of online sites offering sports betting advice and guidance. Online sportfogadas is a link to many examples of the top sportsbook sites, with each having varying features and odds to guide you through properly betting on sports.  How do you walk away making a profit instead of taking a big loss?  Here are 3 important things to consider if you want to bet on sports.  

Buyer Beware Of Foreign Betting Markets

One of the first things to consider if you want to bet on sports is the actual market that you are betting from.  Remember, bookies are out to make profits for themselves, not for you.  It is widely known that bookies and handicappers cannot be trusted, but why not?

There are higher margins in foreign markets, but the reason underlying is so that the bookie can keep more money.  Paying for a service likely means you have to win more than half of your bets/

Overseas and in markets outside of the more accepted places for betting, attention and enforcement of regulations is lax to say the least.  Oftentimes numbers are inflated unrealistically without any supporting documentation.

Odds are a combo of how likely the bookie thinks a victory is, and how you are going to win if you bet correctly. Information collected is used to create the competitive and favorable lines and point spreads but make money for their particular sportsbooks.  

Markets outside of the U.S. are not bound by laws in the U.S., and therefore, can operate as they please.  The one drawback is that it is illegal for anyone in the U.S. on these sites to use them.  

Thankfully there exists organizations such as the International Betting Integrity Association (IBIA), who are responsible for ensuring that match-fixing and other betting-related corruption are eliminated.

RESEARCH!  RESEARCH!  RESEARCH!

Do your research.  There is nothing wrong with shopping around among the many trusted sports betting sites.  Many sites today worth their weight in salt provide a variety of sites with varying odds and also some tips to which sites you should and should not trust. 

Getting ripped off by substandard sports betting sites is uncommon, but still does occur.  Read reviews, check licences, become familiar with lingo and rules regarding sports betting.  

Terms such as prop bets, moneylines, or push, are only a small sample of the basic words that are essential to understanding sports betting. 

Watch all the sports that you can, especially ones that you have an interest in betting on.  Familiarize yourself with the rules, and more importantly, any factors that can influence betting lines (weather, injuries, trades). 

Check the history, online reviews, and general reputation of companies.  The competitiveness of the odds, methods of deposits and withdrawals, are things that potential bettors should put on their checklist. 

One suggestion if you are just starting out is to pick only one sport to bet on.  This avoids spreading your funds too thin by wagering on too many sports, especially ones that you do not understand or that have many complicated wagering features. 

The advantage of sticking to one sport is that you can monitor more of the daily happenings, changes to personnel, trades and cuts to rosters, etc., and do it all year round.  Most bettors bet on multiple sports and do not pay attention to the sports during their offseason.  

Know Your Limits! 

Bankroll is another word that you need to learn immediately before you place your first sports bet.  Your bankroll is the amount of money you will be depositing for betting.  

A golden rule to remember and a generally safe one to follow is to never bet more than you can afford.  Only bet what you are willing to lose.  

Nobody in sports betting wins every time, but you can avoid blowing all of your money on the first day.  For example, it is recommended betting 1% to 5% of your bankroll, in other words, $100 of bankroll means you should only spend $1 to $5. 

Final Thoughts

Las Vegas is no longer the only place to bet on sports.  Technology has afforded sites to pop up all over the globe offering winnings and the best odds.  Sports betting can financially cripple even the most seasoned of sports gamblers, but the likelihood of them getting fleeced instead of a newbie to the game is better.  Doing your due diligence and researching sports, checking out the plethora of online sports betting sites, and understanding the different terms that are used, will not guarantee that you will not lose.  Knowing the basic things to consider if you want to bet on sports outlined in this article will go a long way towards being a winner.