Sports betting is a booming billion dollar industry.
Many thousands of people are wagering on games each and every day.
For those new to sports betting, its very important to know some important facts before dabbling as a recreation bettor, or even as a more serious sports investor.
Its important to know right out the gate that they ( the bookies) are after you cash.
This may seem obvious but its very important when deciding on a strategy to protect your money.
If you are just wanting to put 50 bucks on a game and dont care if you win or lose, then by all means go ahead.
Its still important however to get the best bang for your buck in regards to bonuses and deals on your favorite sport.
Its easy to deposit but much harder to collect your winnings
I remember when I first deposted money into an online sports book ( a long time ago) it was very very easy to do.
When it came to collecting my winnings however, I was made to jump through all sorts of weird flaming hoops to get my money.
At the time it was very frustrating and ended up taking 2 weeks to get confirmed and get my money.
These days its easier, but youll still have to provide some information and documents which can be annoying.
So just remember, that while its easy to deposit, collecting is more of a pain.
They would much rather you keep betting until you lose it all than withdraw it out obviously.
Its much better to just confirm the ID stuff as soon as you can, and get an full open account.
Choose a sports book with a good reputation and strong history
Make sure you do your due diligence when choosing an online sports book to bet with.
Theres nothing worse than having issues with getting paid after youve actually won some money.
Winning is hard work.
Some may tell you otherwise, but lets be real here, the bookies almost always end up with the cash.
The proof is in the pudding.
You need a money management plan just as badly as you need to be able to pick winners.
If you cant handle the heat, then get out of the kitchen
Losing is part of the game, if you cant handle losing sometimes, then betting is not for you.
Its common for people to go on full tilt after a string of loses and this will bury your bankroll quick smart.
The bookies love nothing better than the emotional typical recreational gambler who tries to win back his money by betting bigger and bigger amounts.
Increasing your bet size after losses is a sure sign of a gambling problem. But a very “normal” situation people find themselves in.
Why do we all bet on games in the first place, to have fun right ?
Of course its about the money too but it should be an enjoyable experience.
Take the measures above into account and make sure you online wagering experience is a fun one. Cheers.