Sports Betting

Sports betting its a lot of fun but you better be careful and a lot of bad things can happen to the unwary. Best to choose a verified and recommended brokers. Here is our tips list to avoid losing your shirt!

1. Do your research

Sports betting is a big moneymaker for sports books, casinos, and handicappers of all stripes—and these businesses are in it to win it. They spend incredible amounts of time and money to gather all the data they can to help them win as often as possible. But don’t be intimidated—you can do your own research. Learn everything you can about the teams and the sport. Use Twitter to gain insight on lines and bone up on all the analysis you can. Be sure to understand your own stats, too: your winning percentage, units, and ROI. This bit might seem a little tedious, but time spent on research will help protect your stake

2. Be safe

As in any over hyped scenario, con artists abound, just waiting to prey on the new clients. Especially those found on Social Media. Be smart and avoid them with a few simple tips. Watch out for accounts with no verifiable win/loss records, an obsession with showing their high-roller lifestyle, and promises of “guaranteed wins.” A lack of user comments or reviews is also a big red flag. Basically any avoid random sites without checking first.

3. Make the most of bonuses and rewards

Most online betting sites are always on the hunt for new customers, and many offer special sign-up bonuses you can tap into to extend your bets and help defray your losses. Don’t shy away from enrolling in loyalty programs, as these sites often reward repeat customers with special offers.

4. Don’t play your favorites.

Of course, you have favorite teams, but limiting your betting to wagers that favor them can prove disastrous. Betting is all about the cold, hard numbers. Keep that in mind to ensure you’re betting with your head and not your heart. Feel free to bet your favorites, from time to time, but be smart about it.

5. Lines are not about scoring predictions they are about betting!

Know that lines shift constantly due to random new information, betting action, weather, you name it. Don’t fall into the trap of believing they indicate outcomes. Books want as many people betting on both sides as possible, and lines are all about encouraging that tension.

6. Stop if its not going well.

Pretty self-explanatory, right? Experts agree that chasing your losses in an attempt to recover is a sure-fire way to end up in serious trouble. Try to think of each bet as separate from the last one and the next one.

7. Most Important set your limits and learn to quit when your ahead.

While it sounds like common sense, we all know how easy it can be to get swept up in the heat of the moment. Be sure you know your limits and don’t exceed them. Some reputable sites, like BetMGM (owned by BetMGM’s parent company) will even help you do so, with the options to set—and easily decrease—spending limits, temporarily suspend your account, and even limit the time you spend on the website. They also make it harder to increase those limits once you’ve set them. Our last note: all good gamblers know to quit while you’re ahead.