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Sports Betting 101

#1 Sports Betting Tip - Shop for the Best Numbers

If you need a more detailed explanation of tip #1 quit sports betting and takes up bowling.

#2 Sports Betting Tip - Money Management

If you bet your whole bankroll on one game and lose, you will be more likely to try and chase your losses. If you spread your bankroll among several smaller bets, you are more likely to make a profit in the long run.

A good guideline is no more than 2% of your working bankroll. Let's say your bankroll is $20,000 for the season. That said, you should not wager more than $400 per game. Also, keep your bets consistent, wagering the same amount on each game.

An exception is in the case of the double bet or top play. In this instance you double your standard bet instead of $400, you wager $800.

Some individuals choose to bet a higher percentage of their bankroll. To those who bet 5% or even 10% of their bankroll, we suggest the following:

However tempting, resist the urge to 'double up' when you're winning.

Strive to maintain your original wagering amount at the close of the week.

If you are losing, it's okay to cut your bets in half, or quit cold turkey.

#3 Sports Betting Tip - know Your Key Numbers

Key numbers are associated with both point spreads and totals. NFL - 14.1% of games decided by 3 points NFL - 6.9% of games decided by 7 points NFL - 6.5% of games decided by 4 points NFL - 6.4% of games decided by 6 points NFL - 5.6% of games decided by 10 points

Betting on football don't lay 1 ½ on any game. Look for a 1 or better and if you must bet this game then buy down the ½ point paying the 6/5 juice. In today's football with the 2 point conversion many games will be decided by 1 point. A push is almost as good as a win. In the NFL 3 ½ point favorites win at a higher clip than 2 ½ point favorites.

#4 Sports Betting Tip - Lock Games - Wishful Thinking

A lock is a can't-lose bet. A lock game in football or basketball is a pick that has a 100% probability of winning against the point-spread. In other words wishful thinking. It is a catchword used as a marketing tool by professional handicappers to sucker bettors into purchasing their picks. Even if a game should happen to be fixed, the odds of winning are still less than 100%. Remember in life there are only two locks you can count on, death and taxes.

#5 Sports Betting Tip - The Edge

When is enough enough - NEVER

#6 Sports Betting Tip - Line Moves - Wise Guy Games

Good only if you're on the right side early and often, if not they are useless.

#7 Sports Betting Tip - Loyalty

Never bet with your heart, it will only break it and you will go broke.

#8 Sports Betting Tip - TV Games

Bet them only if it is a bet to win, not a bet to watch.

#9 Sports Betting Tip - Bad Teams Cover

When you have the edge in a match up of 2 bad teams you have a better chance to cover the point spread. You read right: good teams win, Bad Teams Cover.

#10 Sports Betting Tip - Trends and Angles

Handicappers love to post trends and angles on the web, but don't make a bet based solely on that information. What happened years ago between any two teams have no real significance on what happens in today's game between the same two teams.

#11 Sports Betting Tip - Weather Conditions

Great importance if you get them early and right, especially when it comes to betting totals.

#12 Sports Betting Tip - Patience is a Virtue

Bet only on games in which you have information and odds in your favor, which is an overlay.

Why wager on sports instead of betting on other games of chance? A sports bettor has a better chance of winning on a consistent basis when gambling on sporting events than playing any casino game, slot or poker machine, the exception maybe poker or blackjack.

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