Online Betting > Online Betting Strategy

Online Betting Strategy

A lot of new players on the sports betting scene bet simply on the teams or individuals that they like, without doing any research. If you want to beat sports betting odds, however, and win when you bet then you’ll have to arm yourself with some basic betting strategy. Our goal at Sport Top News is to arm you with the strategies you need to place bets that will pay out.

The first thing you need to understand when developing your sports betting strategy is odds. Sports betting odds are recorded in a decimal. For instance, in a game of football that offers odds of 1.6 that the home team will win you will be paid out 1.3 times your bet. If you bet $100 and the home team wins you will get $130 back, for a $30 profit. Rather than a decimal, sometimes odds are written as a fraction, such as 2/1, which would mean that for every dollar you wager you will get two back.

Some sports betting enthusiasts like to place bets on the underdog, as their primary betting strategy. Because most people are betting on the team that is considered a shoe-in, the odds are much higher if you bet on the underdog. Of course, the main downside to this is that the team you bet on is likely to lose. However, if the team wins the payout can be well worth it.

Of course, it is important to bet on a sport that you are familiar with. It seems obvious, but a lot of online betting enthusiasts get carried away and bet on just about anything. When you know the teams and players involved, you are in a position to make much more educated decisions, which leads to making more money. Money management is also a key part of betting strategy in the world of sports. Only bet as much money as you can afford to lose and know when to stop.

Check back with us at Sports Top News for new tips and sports betting strategies.