Betting on sports is easy. You predict the result of the game and wait for the payout. However, it is a different story when you want to improve your win rate. You need to know how to get the advantage over bookies to win more in the long run.
If you want to profit from sports betting, you need to keep your bankroll healthy. Our online sports betting strategy tips will help you get an edge over bookies. Most professional bettors have a yield of five to six percent, something you should work on. Only a couple of players can reach the ten percent mark. You’ll need to be perfect in picking winners to go beyond that mark.
The focus of our sports betting tutorial is to help you get a yield of five percent. Once you’ve reached that mark, you can work on aiming for a higher result. In case you didn’t know, the yield is the profit you make over time.
Advantage Over Bookies to Get Better Yield
If you wagered $1,000 in October alone, a 5 percent yield means you made $50 net. In case you made a lousy soccer betting prediction and only got a 3 percent yield, that means you made a profit of $30.
You might think that it is a small difference. However, it can be a massive difference if you multiply the example tenfold. That means you are suffering from $200 from lost opportunities. In five years, that’s $1,000.
Keep in mind that the betting margin gives sportsbooks an edge over players. However, there is a way to overcome it. The best way is to minimize losses and balance out your actions. You should avoid betting on top markets, such as the NBA, Serie A, F1, World Cup, and the Olympics. The sports betting odds for those events are in favor of the bookie.
Instead, it would be best if you consider betting on less popular events. For instance, you should wager on the South Korean KBO instead of the MLB. Odds for less mainstream leagues are not that precise, and that would work to your advantage.
Another way to get an advantage over bookies is to bet on exotic wagers. Most sportsbooks offer exotics because their competition does. Although you can’t be sure about the outcome of exotic bets, it is possible to hit the jackpot on specials. Thus, you have the chance to improve your yield over time.