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Top Tips on How to Make Money Betting on Your Favorite Sport

Discussion in 'Sports Betting For Dummies' started by archibald759, Sep 20, 2011.

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  1. archibald759

    archibald759 New Bettor

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    Online Sportsbook has been around for some time as a favorite pastime by many. Of course, aside from the excitement and thrill it gives to a usual game of football or horseracing, you can also make money from it. In fact, a good amount of money in betting, that is also why many people wants to try their luck to make money betting on their favorite sports.

    Although you can bet in your favorite sports, you can however bet on many other sports that might give you interest. Although you may not know much about how the game is played, you can still bet, minimize losses and maximize wins for as long as you have a system in place.

    Here are a few tips that can help you on how to make NFLl Betting.

    - Understand that losing is part of sports betting and in some point or another, you may have your own share of losses. One thing that you can keep in mind in betting is to be comfortable working with risks and learning to accept losses. Of course, you don't have to just wait for your win, but you have to also have a strategy to maximize winnings and reduce risks.

    - To make money in betting on your favorite sports, it is important to understand the different types of bets and the risks and rewards that you can get out of it. Indeed, one of the keys to big winnings in sports betting is knowing where to put your money. Different types of bets have different risks and rewards, thus being familiar with what types of bets can give you the good winnings with a manageable risk and help you on how to make money betting in sports.

    - Only play the amount that you are willing to lose. Even if you have lots of money in your bankroll, it is still important to consider putting at risk an amount that you are willing to lose. Otherwise, you will be dwelling on your losses and chasing them that you forget to stick to your strategy and forget the fun of sports betting as well.

    - Have a system and stick to it. Sports betting can be tricky as there are a lot of risks involved. Although there is no single formula to make sure you win in sports betting, there are some tips that can help you make wiser decisions when it comes to betting.

    - In any sports you are betting, do your homework and research on the teams and their past performances. There may be no formula to be winning always in sports betting, but a few research would help you minimize the risk and maximize your profits as well.

    If you want to make money betting on your favorite sports, it is important that you have the courage to face risks and the ability to accept losses.

    Article Source: http://www.onlinesportsbookchief.com/
     
    Katja Lahham and milonshil20 like this.
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  3. kittybench

    kittybench Bettor

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    Re: Top Tips on How to Make Money Betting on Your Favorite S

    thanks for posting this. very helpful for a neophyte like me.

    i really want to join sports betting especially in entertainment betting, how it is done and does the exchange of money involves the use of money transfer services like Paypal? appreciate your feedback.

    Thanks.
     
    milonshil20 likes this.
  4. Sportsbook LV

    Sportsbook LV Bettor

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    Great post!! These tips are really helpful if you want to bet online on sports and make money through it.
     
  5. Dremeber

    Dremeber New Bettor

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    I also do remind myself that sports betting is not a sprint but a marathon.

    You are correct about a sticking to your system but you may not forget to evaluate and fine tune the system. Also important to give the system some time, but when it fails, swallow your pride and ditch it. Create a new one and learn from your mistakes.

    Also important to know the odd range you are betting. Bettors who will only play odds below 1,3 will always be lossing bettors.

    And last but not least, eliminate your emotions or just don't bet on your favorite teams!
     
  6. Katja Lahham

    Katja Lahham Bettor

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    Big help for newbies. Thanks!