Sports betting can indeed be a way to invest your money. However, just as you would treat trading on the stocks and shares market, you must take it seriously.To be successful from sports betting
, you must:
- Use data-driven strategies[/*]
- Make value bets[/*]
- Employ bankroll management[/*]
- Keep emotions away[/*]
- Be consistent[/*]
When most people think about profiting in sports betting, they think about the knowledge they need to have about the sport or some people will try to work out a very simple strategy.The truth is this just doesn’t work.If you want to build a statistical based theory, then you will need all statistical data that relates to the sport and prior matches, as well as elements that bookmakers do not look at too much (e.g. weather, slight injuries, coaches comments etc).These are the easiest ways to generate an edge from your betting strategy.Contrary to popular belief, you don’t need to win every bet to make money. In fact, you don’t even need a winning record.Value bets are wagers on undervalued markets by the bookmaker or when the public is backing one side of the betting line much stronger than they should be.When you make value bets, you can make more money than someone that makes the same number of bets than you.