Have a Blast and Make Some Money!
Sports betting is fun, exciting, and you can even do it from the palm of your hand on virtually any mobile device. But if you are going to partake, at least equip yourself with the knowledge to not only enjoy having a vested interest in the outcome of a game but walking away with enough money in your pocket to finance a trip to an exotic tropical destination. How about lounging on the sun-splashed beaches of Anse Source d’Argent, with an umbrella drink in hand, while you think about your next foray into the sports gambling waters.
Just like anything else worth pursuing, it’s important to know the basics and then sharpen up as you go along. Below we will discuss some of the rudimentary aspects of sports betting and then how to choose the best sportsbooks for you. Let’s dive right in and talk about how to make sports betting your brand-new side hustle!
Money Management Conquers All
There is a rule in the stock market that says, only invest what you can afford to lose. Nobody likes to lose and no one enters a venture intending to do so, but it is a possibility. Therefore, make certain to allocate a specific amount to your new hobby that won’t cause you sleepless nights if things go south.
However, if you use the one-per cent rule of thumb, you’re likely to avoid any calamitous losses and stay in the action for the long haul. Whatever your bankroll is to start your new hobby, only bet one percent per game and limit your games to only the best choices of the day. One to three games top bets each day is the most anyone should bet on a regular basis and if you don’t see anything you like – don’t play! That’s right, take the night off and regroup.
Also, make certain to never chase your losses. If you have a bad day – and it happens to the best of us – shake it off and take the rest of the day off. Don’t bet double what you normally wager to recoup the losses. It’s not smart and it will get you into trouble.
Make sure to do your homework. Study injury reports, recent results, and head-to-head matchups between the teams playing that will give you an inclination as to which team is poised to win the game and/or cover the number. And speaking of numbers, always have more than one “out” (sportsbook). You want to make sure you get the best lines possible because they are not all the same. Speaking of sportsbooks, let’s move on to the most important part of this piece.
Choose the Right Online Sportsbook
Online sportsbooks are where you place your wagers but you must understand they are not all created equal. Unlike a hamburger at a fast-food restaurant chain that will taste the same in San Diego as it will in New York, sportsbooks are vastly different. You must do your homework and choose wisely because the entire point of sports betting is getting paid when you win. Don’t take that as a given just because you signed up at a book that advertises a great deal or is a referral from one of your friends.
As a matter of fact, referrals are the worst way to determine which sportsbook you will use. Imagine your friend has bet throughout the years at the same sportsbook but never asked for a payout because he continually chases losses and deposits often but withdraws never. And while there is no question his book of choice will seamlessly accept his deposits; the verdict is out on whether they will pay out his winnings because he’s never made a request. Do you think he will let you in on that little secret? Highly doubtful.
So, go to an independent site that bases their recommendations on polling data from present and past customers. Look for sportsbooks with a long track record in the industry. Make sure to check out their site on your mobile device and your laptop to make sure the experience is satisfying and the dashboard is intuitive. Remember, there are several A+ rated online sportsbooks but there are dozens upon dozens that are on the dreaded blacklist and are notorious for not paying their customers when asked. Be smart, do your homework, and have fun!