Tips on Choosing Your Sports Betting Picks

For each and every sport out there, you can find some sort of wager to place on it

. This has been going on for centuries and, though it is not allowed in some areas, can be a profitable venture for many people worldwide to enjoy that can add an additional level of excitement to their normal sports viewing. Picking the right team at the right time, however, can be a tricky business. When looking at sports betting, there are a number of different factors that need to be considered, from both the participants partaking in a match-up to the actual profitability of a particular wager in which you may be looking at investing. When considering where to place your money, your first priority should be on determining the likelihood of a team or individual actually winning against their opponent. This likelihood is generally determined by previous trends as well as recent developments that may affect the team or individual and can vary in factors from the environment itself to recent injuries to even simply how someone is feeling that day, which can affect their competitiveness. By examining all of these factors together and looking at a situation holistically, you can better determine how well one team or individual can be expected to do when paired up with another, and place your bet accordingly. Once you have an understanding of the actual chances of success for both participants in a match, your next step is in determining the actual profitability of a wager placed on a particular participant. Depending on who you go through to place your bets, you can be given a wide number of different payout ratios that will be paid on wagers that you make. By examining both closely, you can better determine which wager will be worth your time and money. In a wager involving a money line, for example, the underdog may be given a +150, while the favored team may be given a -250. This would mean that for every $1 wagered on the underdog you would win $1.50 whereas the favored team would require $2.50 to realize a $1 profit. While it may be that the favored team is MOST likely to win, it is not guaranteed, therefore balancing out the overall potential return on investment is necessary for your success. Finally, don't forget to diversify your wagers across a number of different matches. While it may be true that a particular game is quite appealing from time to time, bear in mind as well that risking most or all of your money on a single wager can easily end up costing you much more than you ever could have realized in returns had you spread out your wagers. Multiple small wins over time are much more realistic and sustainable than one huge win, so don't overdo it when a small wager would suffice. More often than not, being overly confident in a play is the undoing of many a sports enthusiast, so do not let yourself fall prey to the same problem.

Tips on Choosing Your Sports Betting Picks

By: Dawn Hill

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