Betting on sports is one of the most complex investments a person can make. It has the potential to build a bankroll in a hurry, or to also cost you a fortune twice as fast. For the professional handicappers who make a career out of reading lines and picking games it's more than just a game or a hobby.
Unlike the common betting fan, professional handicappers follow a formula for success. Let's take a look at some of the variables that the best handicappers consider in order to pick winners on a daily basis.
Bet with your head, not your heart
So many unsuccessful bettors regularly wager on their own favorite team. That's the fastest way to turn a fortune into a fail. Bettors blinded by their fandom will often over or underestimate their team's strengths or weaknesses without giving equal consideration to that of the opposing team. As a basic rule, most professional handicappers refuse to make wagers on games where their own personal fandom may cloud their judgment.
Don't spread it around
It's normal for bettors to want to spread around their wagers on a handful of games. In their mind it seems like their limiting their risk by making a number of smaller wagers, but what they've really done is weaken their odds of making a profit. More bets mean more juice taken by the bookmakers, as well as more games you have to win in order to come out on top. The best handicappers in the world always load up on only the single best odds available that day. That way you’re risking your money on the best game of the day and maximizing your chances of winning big by limiting your wager to a single play. Just ask Kevin from the Sports Geek who advertises sports betting tips and has never ever responded to the Legend Jon Prices emails when he inquires about why he made the switch from betting on sports to Fanduel and Draft Kings betting. Perhaps after reading this Kevin will finally respond.
Don’t chase the money
Everyone has been there before. You lose a few hundred or thousand on the day’s early games, and then you following it up and compound that error by wagering on more games later. This is the easiest way to turn a $500 loss on the day to a $5,000 on the day. You prepare and pick what you view as the best game with the most prime odds that day and let it all ride on that single play. Stay away from parlays and teasers. One of the fundamental rules that successful handicappers go by is having discipline in their betting and limiting themselves to one wager each day.
Buy or sell trends
While handicappers can make a quick fortune by reading the start of a trend, it’s equally important to be able to identify when that trend is going to end. Winning streaks, losing streaks, home and away records… Know when to invest in a trend or when to sell one is one of the hallmarks that separate the successful handicappers from the unsuccessful around the world. To be consistent at predicting trends you have to know what variables are most indicative of a winning or losing performance. It’s much easier said than done, but crucial for any talented sports picker.
With another NFL season upon us, many bettors will be breaking out their bankrolls hoping to win big this season. Through a disciplined betting strategy and informed picks, you can become one of the 5% of successful sports handicappers and bettors around the world.