Online bettors can win big when betting on sports with these five betting tips. Whether you're betting on NHL games or following the Vegas odds on the Super Bowl, you want to make the most money from your bet. The Players Network YouTube channel posted the key ingredients for online bettors, while Chet Coppock talks with the legendary Wayne Allen Root on WinningEdge.com.
1. Bet on sports like you're on Wall Street; buy orphan stocks.
Wayne Root, the author of Zen of Gambling, says the point-spread value is meaningless. He suggests that online gamblers bet on sports like you would buy orphan stocks on Wall Street. You want to bet on undervalued teams and against overvalued teams at the right time. Wayne Root says to find value.
2. You should bet on the underdogs because they are simply undervalued.
This philosophy of online gambling is to bet on the team that has nothing to lose and everything to gain. Bet on the underdogs when they are playing against top teams. This is why teams that win the Super Bowl have very little value the following season, because all the other teams want to destroy them.
3. To make money on online gambling, you need to understand money management like a betting professional.
Casual bettors may not fully understand the concept of money management when it comes to betting. They often make a small initial bet and then slowly increase it. However, this can backfire and they can lose a lot of money in the process.
4. Go against teams that people like; highly inflated point spreads are a unique bet.
Wayne Root explains that people bet on famous or public teams simply because they are what they are. According to him, this is a mistake, as you should bet against these teams because of the inflated point spreads. Wayne Root also says that choosing non-public teams over public teams when they play each other is a great betting strategy.
5. Place your bet in the opposite direction of the money; if everyone picks a team, pick the opponent that will win.
This goes against the "follow the leader" betting strategy that many online bettors follow. Most follow the money and pick the team that has the best chance of winning. Wayne Root says to do the opposite. He even calls to find out where the money is going and pick the opposite direction. He also listens to the sports commentators and if they have a favorite, he goes against them. Don't follow the hype, because you will never win if you are a follower.
