Many bettors are entering the market with online sports betting emerging into the mainstream. They are now wagering at their convenience and winning real money and huge rewards!
While online sports betting may sound simple, it can initially be daunting. If you’re a beginner who wants to try sports betting but not sure how to begin, this article is for you. Read on and learn five techniques you can apply to your first bet.
What is Online Sports Betting?
Online Sports betting is a game of predicting sports results and placing a wager on it. You can bet in different ways, such as money line or betting on the winning team, point spread or the team’s margin of victory, over/under (totals) or the combined points scored between two teams, parlay bets, teasers, and many more!
5 Online Sports Betting Tips for Beginners
Create a Budget and Start with a Small Bet
Pump the brake and never dive too quickly! Similar to your personal financial management, creating a sports betting budget is essential.
One strategy you can do is to create a bankroll management plan. Set a starting budget, a betting budget, and a staking plan. Your starting budget is the total amount of money that you can afford and willing to lose if luck doesn’t pave your way. The betting budget is the limit per bet from your monthly earnings, and the staking plan is the amount of money you place on each bet. Remember, as long as you follow your budget, you are safe!
In addition, betting on a smaller amount at first is always a great move. You can start with 1 to 2% on a play and slowly increase your bet once you understand the entire process.
Understand Home Team Bias
How many times have you watched games where the home team wins? Two, three, four? The fact is, home-court advantage is true and was witnessed in the history of basketball, baseball, and football. No wonder home team bias is one of the most important tactics you should learn in online sports betting!
Home team bias is the likelihood of the sports bettor overvaluing the home team in a match. Here are simple things you can do to get the lead:
- Track the bets for at least the past year
- Check the trend
- Consider the percentage of the total wager between the home and the road team, and
- Evaluate the returns and see if you get a positive home team bet signal.
Bet on Sports that You Know Well
As simple as it is, you cannot play a game you don’t know.
If you’re an NBA or PBA fan, go ahead and start betting. If you love football and are familiar with how the Arizona Cardinals, Baltimore Ravens, Atlanta Falcons, or Buffalo Bills performed in the past years, then that can be an excellent choice to start. If you’re a soccer enthusiast who knows the game well, go for it!
Starting with what you know is always the easiest. You will not only enjoy the game, but you can have higher chances of winning.
Treat Sports Betting Like a Business
If you plan to take online sports betting seriously, treat it like a business from the beginning. You should ask yourself why you’re betting in the first place. Of course, there’s no right or wrong answer, but knowing your reasons will be helpful in your strategy. Remember, a bettor who wagers for a living has an entirely different approach than someone who bets for fun.
Similar to business, you can also invest in learning. Venture into a professional sports betting service, be guided, apply all the learnings, and play like a king!
Find the Best Betting Sites
You don’t want to create an account, fund money and realize that you can no longer log in, or your money is gone! Find a reputable and trustworthy betting site to be safe from fraudulent operations. Below are a few things you should watch:
- Legal Attributes – Check if it is registered and accredited by the relevant industry
- Secured Website – It should be encrypted with SSL to keep your data private! Check if the URL starts with HTTPS and has a small padlock icon
- Excellent Customer Support – Ensure you can quickly contact them when facing any problem. They respond quickly, whether through chats, emails, or phone calls.
Read more on one of our blogs to protect your money and overall sports betting experience!
XchangeBet Philippines and InPlay
XchangeBet and InPlay were born to give you the best sports betting experience. At XchangeBet, you can stay updated with the current happenings in the sports industry. Receive the latest updates and news about game schedules, final scores, winning teams, and more. InPlay, on the other hand, is the first PAGCOR-accredited online casino in the Philippines and is recognized as one of the best sports betting platforms.
Begin Your Online Sports Betting Today
The truth is, online sports betting can be confusing or intimidating on day one but remember, you can always ace it with proper information and guidance. We hope this list helps you!
If you’re looking for fun and trusted online sports betting, InPlay is here! Sign up at InPlay and access XchangeBet for the best sports betting experience. Enjoy your favorite sports in the comfort of your home. For questions, contact us at [insert phone] or [insert email add]