Intermediate Betting Strategies

If you have experience betting but you want to learn tips and tricks for becoming more profitable, you're in the right place!

Keep Track of your Record, ROI (Return on Investment), and Betting Trends

Knowing your record as a bettor is extremely important for holding yourself accountable
Without knowing your record you could convince yourself that you're not "that bad" and haven't lost "that much money"
This will help you make smarter picks and stay away from the crazy underdogs and parlays
Any bettor who wins about 50% of the time is respectable but to be profitable you need to win more than half the time

Going hand-in-hand with your record, your ROI should be tracked so you can know how much money you are winning or losing
ROI is calculated by dividing the profit by the cost of investment
- A bettor places 20 bets in a week, each $10 at -110 odds. They started with $200, let's say they won 13 of the 20 bets, this means they end the week with $247. The ROI would be 247 divided by 200, which is 23.5%.

Knowing how you have done betting on certain teams, leagues, players in the past is important separate your heart from your head
You might have a favorite team in the NFL but if you know you are 0-6 when you bet on them, you might learn to stay away and not bet on them
Learning public betting trends can be useful as well to see where the % of the bets are going and where the majority of the money is being bet
Normally when the majority of the money is on one side of a line, this means that the sharps (professional sports bettors) have placed large wagers on this line