There are many ways in which people place sporting bets, and many different strategies used in order to maximise their chances of winning. But the number one key strategy for maximising your chances of winning that all important bet is information. Having all the relevant information you can muster before placing your bet is all-important to ensuring you stand the best chance of winning big.
This is the same idea behind many other financial investments in life. If you’re buying a home or purchasing a car, you undertake some research in order to be sure you’re investing your money wisely. The exact same principle applies to betting.
It certainly helps if you know a lot about the sport you’re betting on. Nobody should be betting on a game of cricket if they don’t know the first thing about the game. But if you follow your local football team every week and know their strengths and weaknesses, you have a much more informed view of how they might fare in their next match than your average gambler.
Bookmakers and other big stakes gamblers exploit the ignorance of the average bettor. By doing your research, you stand a much better chance of winning. Trying to get that information is a slightly trickier proposition. If you want to know the horse racing form, then you buy the Racing Post. Unfortunately everyone does that, and you will only get information that anyone serious about betting on the horses already knows.
Often the best idea is to look into a small area of a sport, and become an expert in how that area operates and the various intricacies of the competition. You might focus on say, 20/20 cricket, and know the form of the various players, and whether a run chase is doable or not based on previous games on that particular pitch. Many successful gamblers have made their fortune just focusing on one specific area, and becoming all knowledgeable about it.
Another important tool to use is odds comparison websites. Now because of the Internet, it’s possible to check the various odds offered by all the major bookmakers on an event, and selecting whichever bookie is offering you the best value. A few examples of these sites are http://www.oddschecker.com and odds.bestbetting.com. These websites also allow you to gauge whether you’re getting a good deal by viewing the history of the odds. If you see what was long odds rapidly fall just before the event, you know that a lot of late money has gone on it. Obviously you can’t tell why this has happened, but it allows you to get an idea of what the rest of the betting public are thinking. Every piece of information you can gather counts.