While online sports betting is only legal in a handful of states thus far, millions of people are already betting on their favorite teams every week.
Sports betting gives you, as a sports fan, the opportunity to take your passion for sports to the next level. It gives you the opportunity to engage with a sporting event like never before.
All of a sudden, you have some skin in the game, which deepens the overall experience and connection you have with your favorite teams.
In the US, NFL is all the rage. Many betting strategies and betting types are available to help you find the way you like to play.
But betting on sports is more complicated than playing slots. It’s not about luck. With the right strategy in place, you can greatly increase your chances of winning.
Keep reading to learn the latest smart betting strategies to implement this week to boost your earnings.
Choose the Best Online Sportsbook
Before getting into the nitty-gritty, you need to ensure you’re using the right sportsbook. The gambling industry is full of low-quality sportsbooks that you have no business working with.
Picking the wrong book will ensure you have a terrible experience every time. But pick the right book, and you’ll learn to enjoy the betting process and find yourself getting better each week.
Arguably the best online bookmaker, SuperBook is a great place to start playing. Super book is already available in three states; Nevada, Colorado, and New Jersey. They let you bet on dozens of events, from the NFL and NHL to college basketball and boxing.
When using SuperBook for the NFL, you get access to every single game of the season, including the preseason. You can also gain exclusive access to the Super Contest, the famous football handicapping challenge.
And the best part? There are tons of different betting strategies. You can play money line, point spread, totals, futures, props, parlays, and bet live during the match.
Having access to this kind of betting flexibility is key to developing solid strategies and increasing your chances of winning.
Manage Your Bankroll
Another tip before you even place a bet is to manage your bankroll. If you can’t manage your bankroll, you’re going to lose, even if you win.
Your bankroll is like the cash flow of a business. A business might make a few sales, and even have some big winning days. But if it can’t manage its cash flow properly, the business will go under.
Your bankroll is the cash you set aside to gamble with. Set a budget, whether you want it to last the entire season, or you will contribute to your bankroll monthly. Remember to only gamble with the money you can afford to lose.
To enjoy the betting process each week, limit your individual bets to around 2% of your total bankroll. So if your bankroll is $2,000, don’t bet more than $40 on a single event.
If placing a safe bet, with greater odds but lower payouts, feel free to bet as much as 5%.
Bankroll management ensures you don’t lose all your funds prematurely and feel the need to dip into the money you can’t afford to lose.
Best NFL Betting Strategies
So when autumn rolls around and Sunday Night Football returns, what should you be doing to start winning money? Here are some important tips.
Home Team Advantage
To win money in the long run, whether you are gambling on sporting events or trading stocks, you just need to make sure you win more often than you lose. If you can do that, you can make money in the long run.
In the NFL, remember the home team advantage. According to the New York Times, the home team wins about 60% of the time. Obviously, there’s more to each game than which stadium the event takes place at.
But if you did nothing else but bet on the home team, statistics say you will be right more than half the time.
Of course, if you can take into consideration other fundamental factors, like a particular team’s track record, you can tilt these odds even further in your favor.
Diversify Betting Strategies
When your favorite team plays in the coming week, you aren’t limited to a single bet. Rather, there are many strategies you can utilize. A smart bettor will place multiple types of bets to diversify their winning potential, just like an investor diversifies where their funds go.
You’ll want to learn and practice each type of betting, from money lines to totals and spread. Picking a combination of bets for each event takes skill, but the right combination can limit risk and boost earnings potential.
If you feel the need to make a risky, high-reward bet, make sure to hedge it with another safer bet in case the first bet goes against you.
Research the Fundamentals
Sports betting is way different from playing slots. When playing slots, luck rules the outcome 100%. But with sports betting, the players that do the most research and understand the fundamentals of football are the ones who generally come out on top.
You need to think like a sports analyst. After a match, try to figure out why a team won. Was it because they have a killer offense?
Or is it because the opposing teams’ defense is so weak? Were their players out on injury? Or did that team have to travel three hours and deal with a time change?
Every little factor has an impact on the final results and on your betting success. If you love watching football, you’ll have no problems spending time researching and listening to game commentary to increase your knowledge and betting skills.
Bet First, Then Drink
Sports are more fun to watch with alcohol, period. However, alcohol is known to impair the judgment of a bettor. That’s what alcohol is often free at sports lounges where betting takes place.
Be a smart bettor by placing your bets before taking your first sip. Then, once the game starts, enjoy the action and reap the rewards of your sober betting strategies.
Make Betting Fun
There are countless fundamentals to learn and betting strategies to try when trying to make money on NFL games. Luckily, it’s a fun process that lets you dive deeper into the world of sports.
Just make sure you do have fun, and don’t stress too much, as that’s what sports are all about, right?
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