When you’re a beginner at sports betting, you have a lot to learn. With the help of this list of online bookmakers Australia, let’s explore 6 newbie tactics for betting on sports.
Tactic 1: Bankroll Management
Make sure to have a plan and to stick to it regarding your budgeting. Set clear weekly limits on how much you will deposit, but also never bet more than a certain % of your total account balance, otherwise, you can quickly run out of money after just a couple of losses.
If you’ve ever tried trading, then you will know what the deal is. It’s important to stick to your bankroll plan, as this will prevent emotions from dictating poor decisions in the future.
Tactic 2: Avoid long accumulators
The biggest newbie error is to create incredibly long, unrealistic accumulators that are 5000/1. If you find these enjoyable, just treat them as such and place very small amounts on them. These shouldn’t be core to your betting strategy – they’re the sort of bets that bookies enjoy punters making.
Tactic 3: Research
A little bit of research can go a long way. Not everyone wants to take sports betting seriously, but a brief look at a team’s form, historical performances, and a few other trends can stop you from making a poor bet. Because of our own biases towards the team we support as well as a fallible memory, we need some data to help correct our own judgments.
Tactic 4: Specialise
If you don’t have a lot of time, this research could be more effective when kept within the confines of just one sport – or even, one type of bet. It’s better to specialise in one area and know it well, as this will help you quickly identify good bets down the line. You will have more success over time as opposed to trying to bet on anything and everything.
Tactic 5: Finding value
It’s not common for a bookie to get the odds wrong for an outcome, but if they do, you need to capitalise on this. Finding value is when you find odds that are undermining the real chances of the event happening. So, even if it’s still an unlikely outcome, it could be good value still.
Often, high demand for a bet will alter the odds slightly (at some bookies). This means you can often find good value bets for events that contain an overhyped team/participant. For example, a boxer who has a lot of national hype finally gets a difficult matchup, it’s common for the underdog opponent has good value odds.
Tactic 6: Rinse the bonuses
Bonuses are essentially ways to get free value. Whether it’s a matched deposit or a free bet, this free value needs to be exploited and made the most of. New sign-ups often get the best bonuses, so make sure to weigh up being loyal to just one site. Also, keep an eye on your email inbox for ongoing promotions as they can sometimes get lost (and always have an eerie date).
The last tip here isn’t a fun one, but it’s necessary: read the terms and conditions of the bonuses before using them. You don’t want to be tricked into depositing lots of money before realising there are steep and tricky criteria for accessing the bonus.