You could have often heard someone bragging that they picked 9 out of ten NFL games last week or managed to take a three-way parlay to the bank or engineered wins in both the daily double and trifecta at the track. Wow, what a good day that gambler had! Essentially, ask them how they did the rest of the year.

The fact is that anyone can hit on a bet every once in a while, but in sports betting, where the top pros are right 60 to 65% of the time, it takes more than one day of luck to turn a true profit. Sports betting might not be a science, but it is a discipline and it does involve research, analysis and skill. If you want to be a successful sports bettor, here are five tips that can start you and keep you on the right track.

Successful handicappers are experts in a couple of sports. Foremost, don’t bet soccer or even the horses should you not follow soccer or the horses. You need to know the rules, strategies, players, coaches, trainers, venues and also more of the sport on which you are going to wager. That means reading previews, keeping abreast of daily developments and engaging in detailed analysis. You should always be open to learning something totally new and taking your understanding to another level. Become an expert and then a guru.

If you really want to earn money on a weekly basis, then you have to treat sports betting like it’s a business. Why? Because it is a business. Sports betting isn’t about hunches, it’s about weighing evidence, which includes stats, injuries, depth analysis and also more. Keep files on teams, your wagers, your successes and failures and analyze your performance. In case you are constantly losing, you have to figure out why. Should you not, you run the risk of going broke, going nuts or going to jail. Sports betting is a business and should be treated as such.

It really is extremely critical that you track each and every wager, including simply how much you bet, simply how much you won or lost and your resulting balance. Be careful in deciding just how much you are going bet. Should you have a $500 bankroll and you’re making $50 wagers, that grubstake will be eaten up quickly. Make small wagers and if you win, then loosen up the bankroll a bit. But don’t go overboard and don’t start making desperation wagers as a way to make up for losses.

By crazy bets, I mean the following-exotics including parlays, futures, mixed parlays and various props. If the odds are long, then you should keep away from them. Focus on making single wagers on specific games in one sport. Moneyline, point spread and over/under wagers are generally sensible and winnable. You will not make a killing on any one of these wagers, but when gambling on sports, they may be your very best bet. If you make some solid cash then designate 5 to 10% of your winnings (not your bankroll) for long shot wagers.

Say this as if it were a prayer, it could save your safe gambling; have a peek at this website, life. Never bet when you are desperate, drunk, high on drugs, depressed, tired, angry, stressed or under-informed. Never do that. Never.

If as a sports bettor you’re looking to have a few laughs and drop some money on a game or two, then do so. Have a ball. You can win several bucks and after that lose several or lose even more. But do not expect to earn consistent cash through your efforts. In order to do that, you have to become a true student of the game and an astute businessman, managing your hard earned money, making sensible decisions and keeping your emotions in check.