Despite the fact that bookmakers today make things easy for beginners, it can be hard for new bettors to find their footing online. Many sports fans have never placed a bet before and don’t know where to start. The good news is that our sports betting tips for beginners guide will walk you through the basics so you can start your journey soon.
With countries around the world rushing to legalize online sports betting, it’s within reach to many new bettors. What you’ll find on today’s market is a plethora of betting platforms with hundreds and even thousands of markets with top odds. While things may be confusing at first, with the help of our betting tips for beginners, you’ll learn how to bet like a pro.
Here are some online sports betting tips and tricks you should know before starting.
Get to Know the Basics
When a new bettor visits top-rated betting sites in Canada, all those matches and markets can be overwhelming. However, when you learn how to read the markets and the odds, you’ll see it’s not nearly as complex as you might think.
stakereviews has separate articles on the top betting picks for soccer, basketball, ice hockey, Formula 1, and more. All these guides explain the top markets to bet on and how odds work. With them, you’ll get an idea of how bets work, how to win one, and how to read the data presented at your bookie of choice.
Whether it’s soccer betting, basketball betting, or another market, focus on learning the basics and you’ll get there.
Read Expert Betting Tips and Predictions
The Internet is flooded with expert tips and predictions on all sports every week. Beginners shouldn’t be afraid to read tips at our website. They’re provided by a team of experts, recommending odds and markets designed to help them.
You’ll find match previews on our site as well as betting tips and guides on all the popular matches, leagues, and tournaments across all sports. Expert tips and predictions show new bettors how to recognize value in different markets, which will help them kick start their betting journey.
Manage Your Bankroll
One of the first betting tips you’ll learn is to bet responsibly and manage your bankroll. Both are crucial for a proper online sports betting experience. The best betting sites in Canada have responsible gaming guides, which you should take a look at before you start betting.
Setting a bankroll with daily or weekly limits is important if you want to be a successful bettor. Without a good plan, you won’t be able to hit your targets. It’s also very important to learn when you should walk away and avoid overbetting, which brings us to the next betting tip.
Don’t Overbet and Never Chase Your Losses
Chasing your losses in any type of online gambling is a big no-no. Losses are an inevitable part of sports betting, so you should learn how to take them with a positive mindset. Chasing your losses is the worst thing you could do, and almost never leads to a positive outcome.
Overbetting on a sports betting market is also not a good idea. Sharp bettors set aside just enough money for their bet – usually not more than 1% of their bankroll. By going all-in on a supposedly safe bet, you’ll be bleeding your bankroll dry. This may lead to overreactions and emotional betting, including chasing losses that will put you in an even deeper hole.
Don’t Crowd the Betting Slip
New bettors might find crowding the betting slip a good idea to raise profits. But the more markets you add to your slip, the higher the risk of slipping. Too many bets at once will create almost impossible winning combinations. Parlays pay big, but you’ll need a lot of luck and a good strategy along with a plan B in order to make at least some kind of profit.
For new bettors, it’s best to keep things simple. Start with a single game or add just a few. Don’t go chasing for jackpots – it’s better to secure a small profit rather than chase the large ones.
Shop for the Best Deals
Sports bets are not the same at every betting platform. Our betting tips suggest shopping for the best odds around at several sites in order to get the best value. There’s nothing wrong in checking out the best odds and deals and comparing platforms for it. This might be a lifesaver on point spreads and might translate to a bigger win if the odds are in your favor.
Additionally, different betting platforms have a variety of betting bonuses and promotions. You could use these to maximize the returns without putting in extra funds. With expert betting tips in combination, you can rest assured you’ll put those bonuses to great use.
Use Betting Bonuses
Betting bonuses are a great way to make profit without spending too much of your bankroll. Not many of them come for free, but you might find no deposit offers that don’t need you to cover minimum deposits. Nevertheless, a deposit bonus, free bet, or any other type of bonus can be used to make profit on specific markets or all of them.
What’s important to remember is that not all betting bonuses and promotions are the same. In fact, they have different terms and conditions bettors should take a look at. While no one wants to read the fine print, it’s important to follow the rules if you want to withdraw winnings. Shop for bonuses just like you do for odds – the grass may be greener on the other side.
Diversify Your Bets
Sticking to one betting market is OK. However, beginners should diversify their bets whenever they spot value. If the prices for this weekend’s Premier League or La Liga matches aren’t great, there are other sports with better offers.
You might spot a value find in basketball or ice hockey, or a major tennis tournament. Esports bets often come with sharp odds, so bettors should take a look at all options before putting their wagers down.
