Bitcoin Sportsbetting Strategy

Bitcoin Sportsbetting Strategy

The world of online betting can be an unforgiving place for starting players, especially those who are still getting to know the rules and are impatient to start winning. Betting your entire bankroll, not taking a break when on a losing streak, betting on impossible odds and not knowing the basic rules set by the Bitcoin sportsbook are just a few of the more general mistakes that come to mind.

In our Bitcoin sportsbetting tips article we’ve discussed the general practices every new prospective bettor should learn and abide to. Now, let’s delve deeper into the actual art of online sports betting and how to make it profitable.

Compare Odds

As you get better and more involved into online betting, odds tables will come natural to you in terms of what to look for and what gives you the best edge for your ticket. In order to get there however, you might need to start by using a comparison tool.

There are several odds comparison tables online which can sift through a given offer of Bitcoin sportsbooks and their respective sports lineups, and offer you an insight into who has the best odds for a given game.

In time you will probably stick to a selected few to make the best of their offer of bonuses and promotions, though it is always better to know if there is an alternative that pays more.

Pick a Sport and Stick to It

This should come as a no brainer really, but in order to be prolific in something you have to stick to one portion that you know best. In sports betting this rings especially true. In sports, one can find himself virtually overwhelmed by events and matches, so wanting to follow several different events spells disaster every time.

Once you decide on your sports, whether it being football, basketball or baseball, you ought to concentrate on a league. If you are a passionate soccer follower for instance and your favorite is the Premier League, you want to know the general nuances like how many matches are there in a season, the team and player dispositions, injuries, transfers, player line ups, etc.

From this we can asses that there is no general strategy that can be mirrored to any sport. Soccer is definitely different from basketball or ice hockey, and to number all the leagues and different events would be quite proving the point.

A viable tactic from some time ago was to specialize on an obscure league and get an edge on the sportsbooks since they couldn’t possible track with precision all teams / leagues out there and hence – offer odds that are better. This all changed with the internet and globalization and since sportsbooks are relying on specialized sites to set odds for matches, it is impossible to gain an edge even with obscure leagues.

Stick to a Predetermined System

A system is a combination of steps and rules you will use every time you want to bet at a Bitcoin sportsbook. No system is perfect however so making adjustments on the fly is crucial. The system is usually there to give you directions to follow before placing a bet – making a quick research on the team, checking the odds, amount you’re willing to spend – that sort of thing.

With a system you can also make paper trading, i.e. writing down bets that you’re not going to go through with, and seeing how they turn out. In time you will feel confident enough to start betting and if one or two mistakes do occur, you can easily pick out the mistake from the system.

Proper Bankroll Management

Managing your money should be counted as one of the most important strategies so be sure to differentiate between how much you can bet and how much you can afford to lose. The idea is that you should always try to minimize your losses, and when winning, recover some of the winnings for later use.

An important step with making successful bankroll decision is adopting a staking plan – something along the lines of using a fixed percentage of your total bankroll. For instance, generally accepted rule of thumb is using 5% of your total bankroll on a single bet.

Conclusion

If you observe sports betting a serious activity which can be both fun and rewarding, than you ought to cover some of the more advanced strategies and tactics we’ve discussed above. It is all in the preparation and knowing your limits, as well as setting a system which will increase your edge and bankroll in the long run.