Top Questions Every Sports Betting Newbie Should Ask Themselves

By Staff Reporter - 10 October 2020

Clubs & Activities

So, you have decided to bet on sports. You may be a newbie to the world of gambling entirely, or you may have had gambled on casino games in the past. No matter what, you are excited to start wagering for your favourite gamers.

  • Picture sourced from Websa Ltd from fully licensed stock

    Picture sourced from Websa Ltd from fully licensed stock

One of the first things that you would need is your online sportsbook. There are a lot of good ones out there, like the bookmakers presented by Silentbet, that can give you a lot of options for betting as well as welcome bonuses that are specifically made for newbies like you.

Aside from that, here are some of the top questions you need to ask yourself before you start on sports betting.

What type of bettor do you want to be?

There are two ways you can keep on betting on sports. In time, you would need to know for yourself which kind of bettor you want to be for the long run: do you want to be just a casual bettor who just plays whenever he wants to or a professional bettor who considers this as his career and business? Knowing what kind of gambler, you would want to be is important, as it will influence your decisions from the start and from there moving forward.

If you aim to stay just a casual player, then there is no need to stress yourself over all the technicalities of this industry. You can work on advanced betting strategies to improve your skills, but you can also choose not to--it does no matter either way.

On the other hand, if you aim to become a professional in this field, then gaining as much knowledge as possible is not only recommended bust is imperative for you. You need to understand the odds and lines more than anyone else, learn all betting techniques as much as you can, and work on always improving how you wager for the sport (or the multiple sports) you are focusing on.

How is your bankroll?

This is perhaps one of the most important questions you need to ask yourself before you start betting, regardless of whether you only want to be a casual or a professional one. Your bankroll is your “life” when it comes to the world of gambling. This is the money that you ill set aside for gambling and the money that you will work with all the time that you play (or to grow it, if you will become a pro eventually).

A smart person would know that although you can bet with any money that you have, you should not do it. Betting with any money that you can pull out of your pockets is what makes gambling dangerous for a lot of people--they end up not being able to control their activities and it often results in too much betting and too much unnecessary expense. On the other hand, having a separate fixed amount to work on--this, your bankroll--will give you a set limit that you can use to wager for.

What do you know about odds and lines?

Knowing about how odds and lines work is one of the most vital skills that could make or break you as a bettor. Most people would immediately assume that the “odds” refer to the probability of a team winning the match. That may be true in a way, but it is more than that.

As a good bettor, you should develop the skill to be able to read through what the odds presented to you at face value. Most of the time, the bookies adjust the odds and lines for a lot of reasons, including to balance their profits regardless of the results of the game. As a smart fellow, you would know better than to just jump on a seemingly good betting line presented by your bookie without thinking twice or analyzing it further.

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