So, you’re a fan of the UFC and want to place a bet on the upcoming fight, great! You may have even researched the different ways of betting on it, leading you to this article. We’re here to simplify the basics of sports betting so that you can make an informed bet from the get-go. We’ll even slot in a few pro tips to help you get an extra edge in your betting endeavours.
Let’s take a look at some of the things that you need to consider when taking on the world of sports betting.
5 beginner sports betting tips
Bigger isn’t always better
Rome wasn’t built in a day, and neither is your betting skills and techniques. So, start small, be conservative and get to know the game. Use it as a learning experience; you may win some and you may lose some, it’s the nature of the game. Use this time to play around and experiment with different bets, once you’ve gotten the hang of things, you can look at increasing your wagers.
Find your niche
In the same way in which different sports have different rules, so do the different betting options. The way that you would bet on a basketball game will differ from how you will bet on a Formula 1 race. Sure, the underlying concept is the same, but the technicalities will change. To prevent confusion, rather choose a sport that you’re familiar with and focus your betting efforts on that. This also means that you’re familiar enough with the sport to place well-informed bets. For example, if Conor McGregor wins most fights by K.O., then you’ll know to bet on a K.O. victory in his favour. Or if you are a football fan and know that LeBron James scores an average of two three-pointers a game, then that’s something that you can bet on too.
Moneyline wagers are the simplest start
The concept is simple, you bet on the outcome of the event. If you bet on the winner and they win, then you win. There is, of course, a bit more that goes on behind the scenes, but for simplicity purposes, this will more than likely be your go-to when starting out.
Be conscious of your bias
We all have a favourite team or sports star; however, this doesn’t necessarily mean that they’ll always win. Often, we will be on our favourites because we are rooting for them to succeed, however, that’s not always the case. Sometimes, it’s best to avoid betting on sporting events that involve your favourites, to prevent biased bets.
It’s a hobby turned business
The easiest way to remain level-headed is to treat your betting and gambling habit like a business. You need to have a budget of what’s available to spend, a log of what you have won and lost and even a report of the strategies that have worked in your favour. Keep it separate from your monthly spending habits and keep track of it all – it’s a constant learning experience.
Take It Easy
When it comes to sports betting, you need to start slow and take it easy. You’re developing a new skill and trying to rush it will do more harm than good. You need to build on your current knowledge and understand the nature of it all, but once you’ve got it, you’ll know how to proceed and remain calm and collected.
