Ways to Improve Your Betting in 2013

Ways to Improve Your Betting in 2013

By Michael gales Dec 28, 2012

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With a new year fast approaching it’s the perfect time to ‘wipe the slate clean’ and carry out a health-check on your betting. With this in mind, Pinnacle Sports has assembled six New Year betting resolutions to help you become a more successful bettor.

1. Understand The Pinnacle Lean

Pinnacle Sports has built a reputation on being the place that everyone – bettors and bookmakers alike – watch to understand betting market sentiment.

There are few more accurate indicators of the ‘right’ side of a game to bet on than the movement of Pinnacle Sports’ opening odds, which are seen as a barometer of smart money.

The concept is simple. Compare Pinnacle Sports’ odds to other bookmakers. If the lines are different, you can beat the other book. For example, if Pinnacle Sports betting has the Arizona Cardinals -7.5 and another book lists them at -7, the value lies in playing at the other bookmaker.

Understanding the significance of market movement will help you optimize your chances of making a profit in 2013.

2. Take Time to Understand how Bookmakers Work

There are two groups of bettors, those who hope to win and those who plan to win. By understanding how bookmakers work, you can calculate how to become more profitable with your betting and transform your losses into wins.

By understanding how bookmakers work you can work out the difference in value offered and know where to place a bet to maximize return. Most novice punters make this mistake because they don’t understand how bookmakers work.

3. Select your Bookmaker Wisely: Beware of the Free Bet

When looking to join a bookmaker, one of the criteria that inexperienced bettors often use to guide their choice is the sign-up incentive.

Free bets may seem like a good reason to choose a bookmaker, but what is the true value of these sign up incentives? Unfortunately, a read through of bookmakers’ terms and conditions show that it’s not just free money.

Pinnacle Sports don’t offer sign-up bonuses, instead offer the punter the best odds online, welcome winners and offer the highest limits, which are all more valuable in the long run than a gimmick free bet sign up.

Click the links to learn how free bets work and why they come at a cost.

4. Know When the Odds are Against you

A major problem for amateur bettors is trying to understand when the odds offered are against them. For example if a bettor cannot recognise implied probability and whether a bookmaker’s odds represent ‘value’, they won’t make a profit in the long term.

To learn more about understanding value and get an insight into misconceptions of risk, read about the Monty Hall problem.

5. Understand Your Betting Mind

Bettors frequently bet on a feeling, gut instinct or superstition. Unfortunately these feelings and superstitions are more irrational than you might think, which can be unsuitable tools for successful betting.

Understanding why you bet the way you do is invaluable. To ensure you have the best chance of making a profit in 2013, read this article on heuristics, and then learn how superstitions impede on your betting.

6. Keep Learning

It doesn’t matter if you are a betting professional or an amateur, you should continue to learn in order to maximize your profit.

To start 2013 on the right path make sure you check out the Pinnacle Sports betting articles section where you will find numerous sports betting articles covering a range of sports and strategies.

*Odds subject to change

If you have feedback, comments or questions regarding this article, please contact the author.