Free Sports Betting Tips - 2

ESTABLISH A BANKROLL AND BET SIZE

Many novice sports bettors don't even think about money management. They simply pick an arbitrary bet size and fire away. This strategy (or lack thereof) is very risky. It's always better to think about your bankroll and pick the right bet size based on your bankroll. Please read our article about bankroll management.

DEVELOP REASONABLE EXPECTATIONS

Expecting to win every bet? Of course not. But how much are you expecting to win? You might be surprised to know that the best profressionals in the business rarely achieve 60%. Most hit 55%-59% on a long term basis. But don't be discouraged. Hitting anything above 52.38% is profitable and 55%-59% is very profitable. Please review our articles on Return on Investment (ROI) expectations and how to manage your own expectations. The key is to recognize that you shouldn't come in and expect to break the bank right away. Successful sports bettors win by applying a disciplined approach over a long period of time. If you are looking to double your money in one weekend, you are setting yourself up for dissapointment.

MAKING THE WAGER

So now you are armed with the knowledge of the sportsbook, bankroll management and expectations, you are ready to place your first wager!

For this example we will use two teams from the NFL and take you through how to bet the two most common types of wagers – ATS or “Against the Spread,” and betting the OVER/UNDER.

Let’s say the San Diego Chargers are playing the New England Patriots on Monday Night Football. You like the Chargers because they are having a great season, prolific offense, strong defense and they are racking up wins. Since the San Diego offense has been clicking, you also think that a lot of points will be scored during this game.

The next step is to go to a sportsbook and look up NFL and then find this particular game. Here's what you might see:
TEAM SPREAD TOTAL
San Diego
-3 (-110)

44 (-110)
New England
+3 (-110)

44 (-110)

The line shows that San Diego is -3, with a total of 44-points. The reason why there is a line is because one team is going to be favored over another to win the game. This way the oddsmakers can level the playing field, making the bet attractive to both sides. In this case San Diego is the favorite and New England is the underdog.

This means that if you are placing your bet on San Diego, the Chargers will have to beat the Patriots by at least three points for you to win your bet. If they lose the game or win by less than three, you lose your bet.

Additionally, the second number shows 44, which is the OVER/UNDER score. By betting the OVER, you are putting money on the possibility that the sum of both team’s score will be greater than 44-points at the end of the game.

Next to the line for each type of bet (ATS, OVER/UNDER), you will see the odds. The odds simply mean the chances of the team wining the bet and how much money you will win in relation to how much you bet.

The (-110) indicates that the sportsbook is charging a 10% "juice" on these bets. That means that you will have to risk $11 for every $10 you wish to win. Again, this is the sportsbook's profit.

Now you would like to place your bet in the hopes of winning $100 from each wager. You would bet your $110 ATS on the Chargers to win and cover (win by three or more points), and $110 for a total score of 44-points for a total wager of $220.

On Monday night, the Chargers roll to a 31-20 victory and you have won both of your bets!

The Chargers 11-point margin of victory was more than enough to cover the spread of three points needed to get the win for a cool 100 bucks. A total score of 51-points at the end of the game also means you have won your OVER/UNDER bet for another $100 stack. Not bad for your first bet.