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Five Of The Best Online Sports Betting Tips

Gambling is a popular pastime that ranges from a friendly $5.00 bet between friends before a softball game to international poker championships where the winner stands to take home millions of dollars. Online sports betting — while it continues to sit in a gray legal area — is one of the newest additions to the gambling fold, and while it holds much in common with the in-person, over-the-phone, and hastily scrawled bets that preceded it, there are some aspects of betting online that are different than the other types. If you’re new to online sports betting, or if you just feel like you need some advice on how to best proceed, here are five betting tips that will help you become a more savvy online sports bettor.

Get Educated

Knowledge is the key to much of life’s success, and gambling is no different. Whether you’re betting on football, squash, tennis, or NASCAR, knowing the ins and outs of the sport you’re betting on is essential. From there, it’s important to ascertain as much information as possible about particular teams, coaches, players, rivalries, injuries, and the like, so you can truly place bets from an educated stance. It’s also essential that you understand the variety of bets you can place, and the statistical probability that each one garners. Some types of bets offer a 50/50 chance. Others offer a much lower statistical probability. Whatever you choose to bet on, make sure you fully understand the implications of the type of bet, because how you bet is every bit as important as what you’re betting on.

Look for Drama to Bet Against “Better” Teams

An old standby of any good bettor, looking for solid chances to bet against the team that’s favored in a matchup will pay off greater dividends. Whether that chance comes due to that better team’s lousy road record this particular season or because the quarterback is playing against his older brother doesn’t matter. Pay attention to the drama that surrounds the sports you want to bet on. Wherever there is plot, a good team might lose to a worse one, and if you bet appropriately, you’ll make more money.

Understand Online Betting’s Il/Legality

Online sports betting is still technically illegal even though people engage in it on a regular basis. Due to the reach of the law, websites that aren’t on American soil don’t fall under U.S. jurisdiction, which means they are able to allow people to place online sports bets without fear of reprisal. When it comes to Americans betting on those sites, the law is still murky, but so far, no one knows of any bettor being prosecuted for taking advantage of this legal gray area. That being said, you still need to understand how the state in which you reside and the federal government view your behavior, so you can enter into any online bets armed with adequate knowledge regarding betting, getting paid, and taxes. Turn to a great resource for USA players where you can learn more about what is and isn’t legal, and follow its advice.

Develop a Systematic Approach

While it can seem dull to develop a systematic approach, much of successful online sports betting is about understanding and leveraging odds and statistics, which means how you go about betting has statistical meaning that can benefit you. For example, knowing when not to place a bet is just as important as knowing when to place a bet. Once you’ve thrown your hat in the ring a few times, hunker down and stick with a program. Take detailed notes over time, and see what does and doesn’t work. Like a scientist, test hypotheses and retest them. Once you’ve developed an approach that makes you more money than you lose — even if it’s just a little bit — stick with it come hell or high water.

Consider Your Health

Are you really someone who can handle the stress of wagering money on games and situations whose outcomes you have no control over? Or does it increase your blood pressure, ruin your mood, and cause you to terrorize your family and friends? Gambling isn’t for everyone — especially people with heart trouble or a great attachment to their hard-earned money. Even the most knowledgeable bettors lose sometimes, and occasionally, they lose big. If the stress of losing is something that affects your quality of life or the quality of life for those around you, it probably isn’t worth it. Take up sailing or chess instead. You’ll live a longer, happier life.

Online sports betting can provide plenty of entertainment. It can also make you money. Follow these five tips, and with a little luck, you’ll get both.

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