Sports Betting Tips to Succeed

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David Powell

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Apr 7, 2010, 11:23:02 AM4/7/10
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To become a successful sports bettor, and develop a winning sports-
betting system, you require dedication, perseverance, attention to
detail and an analytical mind. These qualities will ensure you have
the necessary mix of persistence and discipline, as well as the skill
required to become a success at sports betting. Of course, it also
helps if you love watching sport, and are good with numbers. Even if
you have these core qualities, you may find that your sports betting
is not as successful as it could be. I suggest the following general
sports betting tips to help you become a success...
The importance of record keeping cannot be underestimated. Without an
appropriately detailed log of sports bets you have placed the task of
tracking and identifying your record becomes near impossible. I
suggest recording at least the following information: odds, units
wagered, type of bet, result, bookmaker. By recording this information
over time you will be able to analyse it and determine which bets are
more successful, and hence adjust your betting patterns appropriately.
Money management is another key to becoming a successful sports
bettor. After establishing a bankroll for your sports betting I
recommend applying the Kelly Criterion to determine the optimal
betting unit. You can then modify your betting amount by wagering
multiples of your betting unit. That is, if your system indicates a
large discrepancy you may increase your bet amount by wagering 2 or 3
times your betting unit as defined by the Kelly Criterion. Again, it
is important to track your results so you can see how successful your
multiple betting unit bets are.
The internet makes the job of comparing bookmaker odds so much easier
for the sports bettor. By comparing odds you can place your bet with
the bookmaker offering the best odds. It is also worth keeping in mind
that odds can fluctuate prior to the game being played. A general rule
of thumb is to bet early if you plan on betting on the favourite (as
the favourites odds often tighten as money pours in close to the
game), and to bet late if you plan on betting on the underdog (for the
same reasons).
By following these general sports betting tips you can become a
successful sports bettor.

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