How to Make Money Betting on Sports

sports betting

Sports betting has become a huge business in the US, pulling in over $70 billion a year. While it may seem hard to make money betting on sports, it can be done if you’re disciplined and responsible. Here are some tips to get you started.

Before you start placing wagers, open a separate bank account that you’ll use for your sports betting. This way you’ll know exactly how much you are risking each time you place a bet. You should also set up a schedule or routine that will help you bet sober and stay focused. This will prevent you from chasing bad bets with more bets in an attempt to win back your losses. This is known as going on tilt and it can ruin your chances of winning in the long run.

One of the best ways to make money sports betting is by analyzing and understanding the odds. You can find a lot of information online, in books and even on TV shows that will help you determine the odds of a team winning or losing. These odds are based on a combination of factors, including the strength of each team, their record, and other relevant statistics.

Another way to increase your profits is to bet on over/unders. This is an easy way to win money by predicting whether the total points in a game will be higher or lower than the listed amount. There are many different methods of calculating Over/Unders, and professional bettors can differ widely in their opinions. Some pros rely on feel and eye tests, while others use advanced statistical analysis.