Part of knowing how to be a successful bookie is to have a set of satisfied and happy players in their sportsbooks. Part of a bookie’s job is to make sure that their players are being responsible with their wagers. We’re not saying they are gatekeeping. Rather, bookies want you to stay in their sportsbook for a long time, so it is in their best interest to look after you. Our first article on how to save money in sports betting focused on bankrolling and staking. Next, we’ll go to simple tips to help you save money, or at least stay away from a bad bet.
Keep in mind that bookies will most likely have the tools to limit wagers and credit limits for players. You can find out how in a sportsbook pay per head demo. But these features are in real-time, and can be done at any time. So it really is between the player and the bookie to set limits in a sportsbook.
How to Save Money: Less Emotions, More Thought
Of course, every bettor will look for value before placing a bet. At least, every serious bettor who is in the game to win. There are, however, bettors who tend to use their emotions when placing bets. Some get too excited, while some are desperate. Here are things you can avoid doing so you can save money.
No Biases. Betting on favorite teams can pay off, but there’s also a big chance that it won’t. This is why your pay per head bookie will most likely set limits. Because with favorite teams, people tend to bet on one side, regardless of the result, or the odds. Losing money is fine since you were risking it on a team you love, so its loyalty, right? Kind of, but not really. Because if you have checked the odds and the stats, you would have bet on the other side, and you would have won more money.
No Catching Up. Staking and managing your payroll should take care of this, but if you lose, don’t try to make up for it and bet double on the next game. Allowing your emotions to get the better of you will ruin your bankroll, and you will end up spending more to ride on a streak, or to break a losing streak. Either way, you stand to lose more money this way.
Be Sober. If you are doing anything that involves money, you generally want to be sober. Because your bet at 11pm after 5 drinks will most definitely be more brazen that a sober bet in the afternoon. To win more, you need to be smart about your bets. Stay away from alcohol and be logical with your wagers.
Research. Look at team stats, team history, and current rosters. Look at weather patterns, player trades and sportsbook odds. Try to look for positive value on a wager, and you will have better chances of earning more in the long term. Earning money from sports betting does not happen overnight. This means you can start at any time, and slowly develop your skill set in sports wagering.
