Quick Answer
Betting has and will always be based on a hefty dose of luck, but some secrets may be worth knowing that could sway your fortunes. Here are some of my favourites.
Find Your Speciality
Don’t be a jack of all trades, be a strategist, excel in an area you know and enjoy. If you want to be a serial-winner, then bet on the sports or markets you are most likely to know about, like boxing, racing, football or rugby, for example. You might think it’s a good idea to stick some outright bets on a few Serie B teams because the odds look tasty, but you’ll be sorely mistaken. Don’t be ignorant and don’t bet frivolously, hone in your skills, and you’ll never question your picks again.
Don’t Bank On Accumulators
Although combination bets may seem enticing when you look at the final odds, it only takes one mistake for the train to come off the tracks. It’s crucial to understand that the more bets you pile up on top of each other means that the unpredictability factor compounds X fold of the bets you have combined. Once again, I would say stick with what you know here, don’t just shove another sport into your acca because the odds look decent.
Low Odds Don’t Equal Safe Bets
Approach with caution: safe bets are not guaranteed victory. Having this mindset can lead to the placement of ambitiously high staking, when in reality, nothing is ever a guarantee - variance in betting remains king. Assumptions often cause you to bet more than is sagacious, leaving you with very little to gain even if you do win a bet.
Winning Takes Time
Being privy to the idea that betting can and does, in fact, lose you money is essential here. Don’t chase your losses like a game of cat and mouse; reassess your strategies, gather information on where you fell short and control your impulses. My tip is to collate comings and goings in a diary or app, note what went wrong and find the common denominator.
What Is Bankroll Management in Sports Betting?
Bankroll management is a major secret to becoming a successful bettor, and one that often goes overlooked. It essentially characterises the action of facilitating your money for wagering. To exercise this strategy efficiently, set yourself a fixed sum to play around with and only wager this during your designated timeframe.
In its simplest form, this management technique is regularly used to ensure all your preferred bets are covered, with enough money left over to never break your personal piggy bank. Using this effectively is an art within itself, essentially solving all responsible gambling issues that can often arise.
Top Tips To Manage Your Bank
My top tip that I often use during a new Premier League season is to allocate a large sum to the whole season. For example, I may give myself €1,000 to spend within the 38 game weeks of a season, so 38 divided by €1,000 would leave me with a generous €26 a week to play around with. This can then be split up as seen fit, but it has to be stuck to. Using this as your bedrock going forward, you can then introduce additional tactics which may include:
Calculating your standardised unit bet to better understand and establish what your average single stake amount may look like
Tracking each bet (whether they lose or win) in order to comprehend future betting habits, or patterns in the play of certain teams
Finally, polish up on how your stakes perform in any given selection, examining the odds of this selection and the implied probability
Analysing Sports Statistics
Analysis in betting can frazzle your brain if you’re not careful. My advice? Take toddler steps and work your way up; it matters to your understanding of betting and to the bets you place. Stats can range from team metrics, player stats, current form and regular in-play occurrences. The secret here, which is most important in my expert opinion, is to differentiate between fluff data and data that can be impactful to a game, match or race's outcome.
To start things off, you want a grasp on the buzzwords for your chosen sport, which more than often you will know by virtue of being a fan, but read up on common phrasologies. Even taking into account external out-of-play stats like weather conditions, personal circumstances, or historical contexts can play a serious role in betting smart.
Another route to understand statistics more accurately is to employ AI-driven tools such as Juice Reel. These programmes offer real-time tracking and analysis of sporting events, syncing with hundreds of popular sportsbooks to ensure that odds are cross-referenced and displayed competitively for its users. The only downside of these tools is that synchronisation can often be delayed, meaning specific stats may not reflect current trends. Sure, you could create historical models yourself to track trends, but when there’s a free AI tool available to do this for you, seeing how it fits into your betting style is well worth the punt.
Are There Reliable Resources for Learning About Sports Betting?
My go-to for on-point betting knowledge is to use Irishluck before anything else. The glossary of helpful articles and insights available over at their Learning Hub is second to none, covering all the topics you may need to brush up on if unsure about best betting practices. For me, this is no secret, but it’s worth you committing to memory. Another helpful resource to utilise if you can not find help here, for whatever reason, is the Betting Tools website; their information is all up to date, and their research is extensive, I’ve found.
Our Experts Verdict
It’s widely known our “secrets” at Irishluck are regularly well covered anyway, because our knowledge is yours, and transparency is key. But when it comes to sports betting, the secret lies in your own ability to manipulate the tools at your disposal, and there are plenty available. My ultimate advice would be to understand your sport and favourite markets within it, live and breathe every game or match being played and never miss a beat, log everything (apart from your toilet breaks), and don’t overlook AI; just be wary of how often their data is refreshed. Stalk stats like a wolf, and remember to have fun!
References
FAQs
How do odds work in sports betting?
If you are new to betting or just curious, a bookmaker uses a system of variables to define a set of odds; the greater the odds against a team or player, the larger the payout will be.
How do I choose the right sportsbook?
Choosing your preferred sportsbook site can come down to the variety of markets, extra content provided on-site, speed of withdrawals and choice of market. The best advice would be to check reviews before you sign up.
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Sports & sportsbook expert of 8 years. Specialising in a subject close to her heart, sports, Siobhan informs online sports betting fans about the latest news & best sports betting sites.
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