Are you a seasoned punter? Then you have to read through these sports betting tips

But if you’ve progressed from an aspiring novice to a seasoned punter, you’ll want some more advanced tips to help you land more bets that win while keeping a healthy bankroll.

 

You already know you need to understand a sport before you place a bet on it. And it obviously goes without saying that you should pick BonusBandits to get the latest deals before even strategizing your next wager. Instead, here are some advanced tips to help out.

Set Limits to Your Spend

Your bankroll needs to have a limit, the limit needs to apply to a certain time period, and you need to actually stick to the limit! For instance, you might have a daily, weekly, or monthly spend limit. It’s important to keep to these limits that you set yourself, even if you’re feeling lucky.

 

These days, most sports betting companies allow you to easily set spending limits so you can’t accidentally go over your predetermined amount. However, if you’re betting with a number of operators, it’s best to have a separate bank account that you only top up with your bankroll for a certain time period. From this account, you can transfer out easily without going over your spending limits.

Set a Bankroll Strategy

The Kelly Criterion and its various iterations provide various ways to help ensure that you help keep growing your winnings rather than depleting your money over it. The strategy involves setting a percentage of your bankroll each time that you make a bet.

The formula to calculate that percentage is the probability of winning minus the probability of a loss, over how much of the bet will be gained by a winning outcome. So, let’s say you have one-to-one odds on a bet. To calculate how much of the bet will be gained by a winning outcome, for instance, if your bet is $30 and you’d win $60, then that figure would be 2. If you believe you have a 55 percent chance of winning, then your chances of a loss are 45%, and your final percentage should be .1, or 10% of your bankroll.

Now, we’re not saying to use the Kelly Criterion in your bet strategy but investigate various betting strategies to see if they’d work for your circumstances.

Follow the News

This should go without saying, but if you’re sports betting, then keeping up with your chosen sports is a must. Investigate injuries, trends, changes in management, etc., to help you determine what you think might swing a game. Take a look at what’s happening during the off time. Does a team need to travel to play? Are there broader social implications at play? Thinking deeply about what can affect gameplay can help hone your betting skills.

There are plenty of sports news sites, channels, and forums to take a look at, and if you contribute to the community, then you might just make a friend or two.

Time it Right

Depending on the length of time before the game or the time left in the game, your odds of a given outcome will change. This means that timing is everything when it comes to sports betting. If you have a feeling that a losing team is going to get some wind in the second half, you can bet as early as possible for a more profitable outcome should your hunch come true.

In the lead-up to games, pay close attention to the odds, the news, and the broader conversation about the team, players, and sport.

Hedge Bet When Necessary

Did you place a bet you’re now convinced won’t win? There is always the opportunity for hedge betting or arbitrage betting. By betting on the opposing outcome, typically with a different sports betting operator, you’re able to minimise your upcoming predicted losses.

While confident bettors don’t often use this style of betting, it can be a useful trick to have in your back pocket for uncomfortable situations.

Don’t Forget Line Shopping

Line shopping is when you evaluate all the bookmakers to find the one with the odds you favour the most. There is no need for loyalty in your betting, although you may find that certain sports betting operators give you extra bonuses for certain tasks, bets, games, or times.

When you’ve picked a game you’d like to bet on, just do a round-up of some of your favorite sites, or even new ones, to help decide the best place to make your bet.

Stay Healthy!

People forget that when they’re not in optimal health, they’re more likely to make mistakes. When you’re tired, you can miss key information, when you’re hungry, you might act hangry, and when you’re stressed, you can act impulsively.

One of our top tips is actually all about self-management - and that’s eating healthy, working out, getting enough sleep, getting enough social time, and lowering your levels of stress. When you’re healthier all around, you’re more likely to make better bets and get a better outcome.