Casino Skills You Can Use to Boost Your Sports Picks
The world of sports betting is one where odds and form dominate. Knowing which team is on a hot streak, what players are hitting their peak and where to find the best prices is crucial if you want to get the most out of your time at PreditEm.com.
Unfortunately, becoming a master sports bettor isn’t easy and, just when you think you’ve cracked it, lady luck has a habit of coming along and hitting you where it hurts. Fortunately, however, sports betting is a world where odds and form dominate (as we’ve said), and that means you can learn a thing or two from other areas of the iGaming world. Although playing pokies or spinning the blackjack wheel on Mr. Green might not seem like the best way to improve your picking skills, it can actually help.
Casino betting requires a number of similar skills to sports betting and that means you can take some lessons from those who frequent the likes of Australia’s top online casinos, such as 32red, Mr Green or Titan, and use them to augment your overall betting arsenal. Of course, you may have to make some logical leaps to really apply casino knowledge to your sports betting game, but with some solid thinking, you can really increase your overall EV by taking a look at the skills pokies players, blackjack bods and roulette wranglers use.
Whether you’re playing poker on PokerStars, pokies on 32red or sports betting on Bodog, variance will always be at work. Regardless of the moves you make, variance will be acting for you or against you, so it’s best to understand what it means so that you don’t let it affect your game.
In a nutshell, variance is the statistical distribution of results over a long period of time or, to put it another way, the fluctuation of results over a period of time. Because variance can swing both ways (taking you up and down like you’re on a rollercoaster), it will mean that sometimes you’ll get lucky and sometimes you won’t. However, it’s how you deal with it in both instances that will determine your success rate.
A common trap most novice online poker players fall into is to think that when variance is on their side that it’s a true reflection of their skill level. Conversely, when variance against someone they often feel like nothing they do is going to work and thus they often take risks that they normally wouldn’t.
Essentially, what you should take from this is that EV (swings of luck) will always be there and moving in one direction. However, you should be constant in your pursuit of +EV decisions. For example, if you know it’s correct to bet on the West Coast Eagles, it doesn’t matter if you’ve already lost five bets that week, you should make the bet.
More Variables Equals More Risk
When it comes to sports betting there is nothing more enticing than a multiple or an accumulator as it’s otherwise known. Trying to predict the result of ten rugby matches in the hope you’ll turn a $1 stake into a $10,000+ reward might seem like an easy way to make some money, but the reality is that it isn’t. Essentially, juggling a lot of variables will increase your chances of failure.
While it’s true that these sorts of bets can be great as a one off, the downside is that they are extremely hard to win and can drain your bankroll. To take a lesson from the casino world, if you were playing pokies, you can play games such as Tomb Raider and open as many as 30+ win lines.
From a playing standpoint this is great because it increases your chances of winning. However, adding more win lines also increases your stake and, therefore, your risk. The same is true when you add more sports bets to your slip. Finding a balance between risk and reward is crucial in the slots world and something you need to think about when you’re making sports bets.
Small Edges from Little Rewards
The final lesson you can take from the casino world and apply to your sports betting arsenal is the ability to spot a deal. Every online casino, sportsbook and poker operator will give you a chance to earn some free credit by completing certain tasks. Although the prospect of a few dollars might not sound appealing in isolation, the accumulation of these rewards can have a dramatic effect on your bankroll.
If you’re able to claim a slew of bonuses, such as enhanced odds, free bets and money back offers, you should find that your overall EV increases dramatically over time. In fact, if you can claim these bonuses and manage to apply the other tips we’ve suggested in this piece, you’ll experience a marked up turn in your ability to pick winners and build your bankroll.