We have entered the sports betting equinox when all major professional leagues are underway, along with the weekly action from college football. The World Series has been amazing, the start of the NHL and NBA schedule has nightly offerings, and there’s football almost every night of the week thanks to the NCAA and NFL. It’s the greatest time of the year – no doubt – for sports betting and finding the best sportsbook bonus.
But with this busy season comes some dangers. Most sports bettors are casual players, who work a 9-to-5 job and enjoy wagering in their spare time. And that spare time gets eaten up very quickly when you’re trying to handicap five or six different sports. There’s no way you can keep up with news and info on every single team and still get 6 to 8 hours of sleep a night.
Now, some sports bettors get selective. They may not wager on NBA or NHL until baseball is done or they may even hold off until college football calls it a season in January. But if you can’t give up on all that action, here are some practices to follow to help you avoid sports betting overload and the losses that come with it.
Narrow the focus
College football can be one of the most time-consuming sports to handicap, with more than 100 teams taking the field each week. Bettors will go batty attempting to stay up on all the news, notes, injuries, line moves, and action reports associated with that market. And this is extrapolated for college hoops once the NCAA basketball schedule gets underway in November, with almost 350 teams on the court.
If you find yourself struggling to keep up, realize that you don’t have to handicap everything. The best practice is to narrow your spectrum of games. You can either do this by selecting a few different conferences – especially if there are some that you have a rooting interest in, either by Alma Mater or geographical location – or by bet type. Some football bettors love to look for small home underdogs or like to play certain situations (teams coming off wins over ranked opponents or programs playing back-to-back road conference games).
By shrinking down your menu, you can drill down deeper into those select matchups and really find the value in the odds. You aren’t scattered across the entire schedule and it will allow you to get a better understanding of teams and situations as the season wraps over the next two months.
Balance your bankroll
If you find yourself betting more, you need to keep a closer eye on your bankroll and bet limits. This is especially important when wagering on a multitude of different sports that you may or may not know everything about.
If you’re a hardcore football fan but a casual hockey bettor, you will want to scale the size of your bets on the NFL and NHL differently. The suggested bet size is between 1 and 5 percent of your total bankroll, and that’s fine for NFL and sports you have a better understanding of. However, if you’re not following hockey as closely, perhaps limit your NHL wagers to between 1 and 3 percent of your bankroll just to be safe and protect from bad losses.
With so many wagering options on the go, you can get carried away with wagers. Sometimes it’s even tough to remember which games you have action on certain nights. Bettors looking to spread their cash around should almost set a bet amount limit, and stick to it, holding themselves to no more than 10 wagers a day.
Get help from the pros
If you’re a busy person and don’t have time to handicap all the action on the board, but want to have some skin in the game, then there’s no shame in looking for help. There’s no shortage of opinion out there, from social media to sports columnist to posting forums. But if you’re serious about making money from your bets, look into some of the more established and reputable handicapping services out there.
The best professional handicappers are happy to hand over their long-term records and return on investment. Sports betting is a tough game – very tough – and even the best bettors in the world have a hard time hitting 55 percent of their wagers. If someone is boasting 70, 80 or even 90 percent long-term winners, they’re lying.
Now, paying for picks is only for those wagering enough on the games to make it worth their while. If you’re only betting $100 or less on a game, why would you pay between $25 and $50 for a pick. Do the math: a $100 bet at -110 standard juice will net you $91 in profit. Give half of that to the handicapper who sold you the pick and you’re only up $45.
However, if you are dropping nickels and dimes on each game, there’s nothing wrong with paying for advice the same way you would hire a stock adviser to manager your investments. Just make sure you’re buying picks from a reliable and proven capper and not some get-rich-quick scheme.