Want to make a living out of NBA betting? Here are some rules you need to follow!
1. Have No Other Sport but NBA
Focusing on one sport only is crucial! Instead of wasting your time and brain cells all around, it's best to stick only to the NBA. Especially if basketball is your favorite sport!
2. Ignore the Odds
Sportsbooks set the odds in the way that the house always wins. If someone puts a lot of money on one team, the book will adjust the odds right away. Dropping odds don't necessarily mean that one team's chances of winning are increasing; it just means someone has wagered a lot of money. Still, there are some insights you can get from odds.
3. Don't Ignore the Odds Entirely
Odds can tell you how big your winning percentage has to be in order to make profits. If you're going to bet on favorites with -110 odds all the time, you will need to win your bets 52.38 percent of the time in order to break even. It's simple mathematics!
4. Find a Good Value
A good ratio between risk and profit is the key to success in professional betting. The odds of -100 might not seem too attractive, but the chance you will lose is really small. At least, it's smaller than with odds of +100. But, then again, +100 odds will bring you more dough. It's up to you to decide what to focus on.
5. Have a Good Strategy
Are you going to bet on favorites at not-so-great odds? Or try to win big by putting money on underdogs? You need to have a clear strategy and stick to it!
6. Learn Everything About Basketball
NBA handicapping has nothing to do with gambling. If you plan to rely on Lady Luck, you will get nowhere. Instead, you got to learn everything about every game you're planning to put your money on.
7. Stay Informed
Information is your greatest weapon and in the era of the internet, it's pretty easy to acquire it. So, make sure you read all the news about the NBA because they can warn you about potential upsets.
8. Allocate Enough Money
Even the biggest sports experts make mistakes sometimes. We can say for certain that some of your seemingly-safe bets are going to lose. And you need to be prepared for that. Otherwise, you can end up with empty pockets too soon.
9. Have a Lot of Patience
When sports handicapping is concerned, success doesn't come overnight. In the best-case scenario, you will need to wait months or even years before you can make decent money off it.
10. Have a Backup Plan
Even the best handicappers in the world have a success ratio of just over 50 percent. This means that unless you launch your NBA betting campaign with a big starting capital, you will need a lot of time before you can make a living out of it.
And considering that there's always some risk involved when sports betting is concerned, our advice is to have a backup plan. Instead of just putting money on NBA wagers, why not sell your picks to other bettors? When they see you're serious about this, they might decide to put their trust in you. And that would mean a constant cash flow going your way!