#1 Never bet what you can’t afford
This one should be a no brain-er but needs to be said. Please do not bet away your well being! If your lively hood depends on the particular outcome of an event, you probably should not be gambling in the first place.
If you need help with gambling addiction you can contact:
SAMHSA’s National Helpline, 1-800-662-HELP (4357), (also known as the Treatment Referral Routing Service) or TTY: 1-800-487-4889 is a confidential, free, 24-hour-a-day, 365-day-a-year, information service, in English and Spanish, for individuals and family members facing mental and/or substance use disorders. This service provides referrals to local treatment facilities, support groups, and community-based organizations. Callers can also order free publications and other information.
#2 Do your research
Be knowledgeable of a particular game you plan to wager on. It doesn’t make sense to throw away your hard on earned money into things you know nothing about. You should have some sort of knowledge of the particulars of a game your money is on. For example, if you wanted to place a bet on an NFL game. It would be a good idea to research:
- Injuries on each team.
- Weather factors.
- Match-up history / Win-loss history.
- Rivalry or division match up?
- Is the team you are betting on playing at home or away?
- Pay attention to line changes.
#3 Always compare odds & lines
There are lot of bookmakers out there. Its okay to “shop” around and find the best odds so you can maximize your return on investment (ROI). Think of it like purchasing a new vehicle. Are you going to buy the first car you test drive and get duped into loving by a slick salesman? Or are you going to shop around a bit and find out which dealerships are offering the best deal?
#4 Look at betting as a long term investment. Not a short term come-up
It’s 2019 and online sports betting has come a long way from its grim, and lets face it, “scammy,” beginnings. The negative connotation that used to accompany sports betting has shifted drastically with the technology we have available to us today. More and more people see sports betting as an “investment.”
#5 Stick to the sports or games you know
#6 You do not have to bet enormous amounts to be profitable