Stick to the Script!‘Sticking to the script’ is just a new-age way of saying that first and foremost, you need to stick to the sports you know best and only expand your betting repertoire once you have learned all there is to know about a sport you may be new to wagering on. For instance, let’s say you’re a basketball junkie that knows all about the ins and outs of betting on both, college or NBA hoops, but you’re not really a golf enthusiast or tennis follower.
Well, it may sound like simple advice, but you probably don’t want to go around making all kinds of bets on the latest golf or tennis tournaments – or should I say – at least until you become knowledgeable about those sports. Believe it or not, many online sports bettors wager on sports they know little to nothing about and it’s a classic mistake that can cost you in the long run.
Always Do Some ResearchYou can go ahead and place a wager on any sporting event you like without doing any research whatsoever, but that’s a sure-fire way to lose money – and believe it or not – some online sports betting enthusiasts do this quite often. I’m a huge believe in doing the necessary research that it takes to maximize your chances of cashing in and you’ll find it to be very helpful as well. For example, let’s say you’re about to place a wager on the Philadelphia 76ers to cover the spread on the road against the Boston Celtics because Boston’s best player is less than 100 percent, but you don;t know that Philly hasn’t covered the spread in Beantown since Benedict Arnold was running around talking about ‘The British are coming.’ Well, you could cost yourself if you didn’t take the time to do a bit of legwork that shows Boston beats and cover the spread at home against their longtime rivals about 70 percent of the time they meet in Boston, no matter who’s playing.
Make sure you always take some time, even if it’s a bare minimum, to do a bit of research into the particulars of each and every sporting event you may be thinking about betting on. If you’re not doing the requisite research, it’s kind of like betting blindly or throwing darts at a board blindfolded. Okay, now that you’ve got a couple of tips to help you maximize your chances of winning, here are a couple of ways to really cash in big!
Parlay BetsA parlay bet, which, depending on where you’re betting, can also be called an accumulator or combo bet, is a wager on two or more selections that are linked together and is dependent on all wagers winning. In today’s times, not only can you can combine multiple wagers on the same sport, but you can also wager on different sports in what is called cross-sport wagering.
The most basic types of parlay wagers are point spread and Moneyline wagers. Parlay wagers involving point spreads return a fixed payout while money line parlay returns are determined by the odds of each team. A Parlay wager on points spreads and totals could offer a return that looks similar to this one.
- 2 teams 14-5
- 3 teams 6-1
- 4 teams 10-1
- 5 teams 25-1
- 6 teams 40-1
- 7 teams 75-1
- 8 teams 150-1
- 9 teams 300-1
- 10 teams 600-1
Teasers BetsA Teaser wager is my favorite wager to make and one that I just can’t live without, seeing as how you can really boost your annual betting bankroll by nailing a few teasers. A teaser wager is a bet on two or more teams or selections that is different from a parlay in the sense that you can adjust the odds in your favor! Let me repeat that. You get to adjust the line in your favor!
For example: Let’s say the Green Bay Packers are favored by seven points (-7) in one game and the Pittsburgh Steelers are favored by 10 points in a second game. A six-point, two-team teaser would adjust the point spread six points in your favor. For example, Green Bay would now be favored by one point (7 – 6 = 1) and Pittsburgh would now be favored by four points (10 – 6 = 4). In this scenario, players are gambling that Pittsburgh will win by more than four points (10 – 6 = 4) and Green Bay will win by more than one point (7 – 6 = 1). In todays’ online sports betting world, you can generally make up to a 15-team teaser that could potentially bring you back thousands – if you nail each and every selection!
Props BetsProps bets, (short for proposition) are always fun-filled wagers that you can make within a specific matchup. For example, here is a look at some hypothetical props wagers you could make.
- First Team to Score
- Aaron Rodgers Passing Yards
- Ezekiel Elliott Rushing Yards
- Total Number of Field Goals