Online betting apps are spreading like a wildfire—and Sports Betting apps like Fanduel, BetMGM, and DraftKing. We all love them because they’re fun and easy! And on your best days; you could walk home with a fortune. But you must bet responsibly too, so if you are new to this jargon then please do not place wagers just yet. Checkout these Fanduel promo codes to help you get started on the right track.
While online gambling may look undemanding, it isn’t very easy to figure out the whole thing when beginning. A wrong approach to it and you may never enjoy betting at all. And the worst part; you won’t be making profit.
But I don’t mean to scare you away from betting at all. Hopefully, by the end of this piece you’ll have picked up some good betting.
1. Understand the principle of value
This principle is critical. Without it, you’ll never enjoy betting. Yes, you might be sure that a 1.35 favorite will win, but what’s the value of the odds being offered?
Many a times, casual gamblers have shown confidence in certain teams and adopt the “There’s no way team X will lose this game” mentality. Well, team X may be a legit favorite, but chances of them winning better than the bookmaker’s odds?
Most gamblers ignore the concept of value. And bookmakers are making the most of this naivety. It’s no wonder only a few players recognize the principle of value in betting. If you can spot values, then you can spot odds that are way too high and capitalize on those chances. Spotting value is about making decisions based on probabilities, and doing it more accurately than the market.
Of course, you can’t do this for all games and sport. But the big advantage it gives you over the bookmaker is; you can easily spot and skip matches with odds that do not favor you. Spotting value is perhaps the most difficult part of gambling. Only after you’ve mastered the aspect of spotting value can you constantly identify what’s worth your money and what’s not worth giving a try.
2. Practice Basic Maths
While many gamblers have made a fortune of it by relying on their instincts, you want to develop a viable plan that will keep you in the game for long. Betting is a game of numbers. Sorry to say; if you are not a maths freak then consider other things other than gambling. In short, you must understand what the odds mean in terms of probability if you want to place a “reasonable” bet.
3. Learn the bookmaker’s secret
Bookmarker set odds based on how popular an event is. However, bookmakers generally come up with odds that reflect what they expect the public to play, instead of setting them on the real possibility of either outcome. Well, it isn’t very easy to tell— but most bookmakers do set odds that attract the public to lay bets on either side. This helps them balance liability and enjoy their commission. Smart betters will make use of online handicappers. Sites like Doc Sports can provide the impartial analysis that punters need to know if they are being offered a good deal or a rip off.
As a result, only smart gamblers can see higher value opportunities where the public opinion is plain wrong.
Lastly, adopt the right mental approach – rejoice in the winning days and learn from the losing days—like it or not; that’s what sports betting is all about. Don’t dwell on the past for long.