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If you reside in the US. At the time of this article you can legally bet on sports in Nevada, Oregon, Montana and Delaware.
Nevada is the poster child when it comes to sports betting. Even the casual bettor know you can bet on sports in Nevada.
Delaware has certain types of sports betting they allow. Montana and Oregon for some reason doesn’t leverage the opportunity to bring a lot of money to their states. Sports betting is basically non-existence in Oregon and Delaware.
At the time of this article, New Jersey is in court fighting to allow sports betting in their state.
If you are overseas, you can bet on sports legally in many countries. Also outside the US you can bet on sports on the Internet legally.
Players in the US can bet on some online sports books. It is illegal to bet on sports online from inside the United States according to the Federal Wire Act.. With that being said millions of US bettors bet on sports through sports books located on the Internet.
To win at betting on sports we really have to take it seriously. We have to treat it as we treat the other serious things in our live.
Do you drink at work? Hopefully not, if you are you are putting your job at risk. Do you drink and drive? Hopefully not, if you are you putting your life and well being at risk in many ways.
Do you think that fund managers risking your 401K money is drinking while working? I don't think he or she is drinking on the job.
When you are drinking or indulging in other distractions like women or men while betting on sports. You will not be a winner. Maybe the best sports bettor of all time Pittsburgh Phil said it right "A man who wishes to be successful cannot divide his attentions between horses and women. A man who accepts the responsibility of escorting a woman to the race track, and of seeing that she is comfortably placed and agreeably entertained, cannot keep his mind on his work before him" Pittsburgh Phil did not smoke and occassionally drank a glass of wine. I'm pretty sure that wine wasn't dranked while he was at the track.
Bottom line to win at sports betting, we have to treat it with respect. We have to make it very important. If it's not catorgorized at a high level. We will end up giving all of our bankroll to the books.
I know you probaly heard many times over the years, people referring to February as seperation month in college basketball. Well I think by mid February the legit good teams start to seperate themselves from the weaker competition. You will see favorites start to win in home and on the road. At the end of February I like a good team who is going to the tournament to cover anything up to -7 in home against teams that have no chance to go to the tournament. I rarely bet favorites home or away, but at the end February in college basketball I adust my strategy.
Just a little something to think about while you are betting on college basketball at the end of February.
I love sports. I have been a sports fan since I was little kid. I been betting on sports since my late teenage years. I didn't take betting on sports seriously until a few years ago. I treated sports betting like entertainment in the past. Now I treat sports betting like a business and since I took that approach I have been consistently successful. I know you can generated a income betting on sports, but you got to be smart. You have to be willing to grind out the books. You have to be very disciplined in your approach.
#1 Limit your bets
This is the most important tip. You have to limit the amount bets you make per day. I recommend no more than 3 bets per day. I recommend risking 6-8 units per day. I personally bet 18 – 20 bets per week. I usually don't place any bets on Friday. If you have a bad day and go 0-3, it's better than going 0-7 or 2-10. I can bounce back from a 0-3 day. Limit your bets and you will grind out the books.
#2 Manage your bankroll correctly
You have to be very disciplined in managing your bankroll. I recommend betting 1-2 percent of your bankroll on each bet. Even on events like the Superbowl, NBA Championship, or World Series. Only bet 1-2 percent of your bankroll. If you want to make a income betting on sports you will be very disciplined with your bankroll.
#3 Know the sport you are betting on
You have to have a knowledge of the sport you are betting on. You have to understand the line that is on the game. You have to put in some time to research the game you are betting. Don't just bet on your favorite team. You have to find the best value out there and place the bet.
Hope these tips help you in your journey to generate income betting on sports. Follow these tips and you will grind out the books. Just remember a win rate of 55% makes you money. Win rate of 58% makes you a lot of money. A win rate of 60% can make you rich.
With this years Superbowl coming up in a couple of hours and people betting millions of dollars on the game I thought I would talk about how to bet on the Superbowl. I don't think you should go all out and bet the bank on one game. You should bet no more than 3% of your bankroll. I only bet 2% of my bankroll.
Forget all the prop bets. You should only bet the line, over/under, or the money line. Bet your strengths and don't get caught up in the crazy prop bets. The current line a few hours before Superbowl is New England vs Seattle -1. I made the bet when it was a pickem. Good luck today and I hope you grind the books out of a few dollars today.