What’s nice about line shopping
is that it allows you to get the maximum value from your winning wager.
If you’re not currently line shopping, you should definitely consider it. At
a minimum, we’d suggest that you sign up with at least two different
sportsbooks. When you’re ready to make a wager, be sure to shop the lines
between the two sportsbooks. Your goal should be to find the one offering you
the best pricing. While it might not seem like much on an individual bet basis,
line shopping can add some serious growth to your bottom line as you become
better at sports betting. By not line shopping, you’ll end up leaving money on
the table, and that’s no fun!
When it comes to successful sports bettors, another common trait that they
have is a strong discipline. Using this strong discipline, these bettors are
able to stick to a plan and remain focused on the overall long-term goal.
Unfortunately, this is not a trait that the majority of recreational bettors
Strong discipline is key in the grand scheme of things if you want to become
successful at sports betting. Successful sports bettors will utilize strong
discipline in areas such as staking plans, bankroll management, and the overall
wager plan of attack. Emotions can play into making poor discipline decisions,
which is why these bettors tend to have emotional control and a strong
discipline. Without them, it’s too easy to get off track.
Ability to Understand Value
A successful sports bettor will have a good ability to understand value. When
it comes to recreational bettors, they don’t usually analyze the value of a bet.
For them, they’ll just pick a winner and call it a day. Successful bettors,
however, will look at a bet’s overall value to determine if it is worth the
What successful sports bettors look for are wagers that have a high value. An
ideal wager will have a big potential payout with a relatively small risk. The
goal of these bettors is to not risk a huge amount of cash for a relatively
small overall return.
By understanding value, successful sports bettors work to get more bang for
their buck. Unlike recreational bettors that don’t look for value, successful
bettors will come out ahead in the long run by searching for this extra value.
If you’d like to learn more about value, check out our article about
probabilities and value.
Strong Analytical Capabilities
Something else that successful sports bettors typically possess is strong
analytical capabilities. When it comes to sports betting, there is a ton of data
that needs to be analyzed. To be successful, you need to be able to review and
interpret historical data, bookmaker odds, and much more. Without these skills,
it is tough to become successful over the long haul.
Often, successful sports bettors will have created their own systems to help
them analyze all of the data that is important to them. In some cases, they use
programs like Microsoft Excel or other proprietary software that they have
created. The goal of these bettors is to review and analyze as much data as
possible to make the best informed decision they can.
Unfortunately, analyzing data is not something that comes naturally to many
people. Unless you’re a financial analyst or banker, then the odds are that
you’ve not had any formal training in data analysis. What’s nice is that you can
learn to be better at data analysis if you’re willing to take the time to study.
If data analysis is not currently a strong suit, you can find lots of good tips
and research on the internet to help you begin to sharpen your analytical
Ability to Take a Long-Term View
Patience is a key trait of successful sports bettors. Many sports bettors
quickly become unmotivated after having a few bad losses in a row. What
differentiates successful bettors is that they are able to step back and take a
Successful sports bettors know that they won’t win every bet. However, sports
bettors set a goal for themselves that they want to win more often than not.
Even in runs of losses, successful bettors understand that there are highs and
lows in what they do.
Overall, a successful sports bettor on average will win somewhere between 50%
and 60% of their wagers.