In case you hadn’t noticed, sports betting has become quite the hot topic here in the US. With several states well on the way towards legislation and more to follow over the course of this year and next, soon enough, quite a lot of people in the US will be able to bet on sports. With this in mind, we decided to take a look at a few ways that newbies can maximize their returns and make a little cash while having fun.
Here’s what we came up with.
Use free bets
Yes, that’s right, we said free bets. Bets that cost you nothing, zilch, nada.
Believe it or not, free bets are more common than you think. Take the likes of Betfred for example. According to comparison site oddschecker, the well-known English betting brand offers free bets to new customers. Of course, it depends on what site you join but generally speaking, you can expect to get at least $15 in free bets right off the bat. Make a deposit using your own cash and you could get twice as much or even more.
Try accumulators
The accumulator bet is one where you place a wager on the outcomes from a series of sporting events. So for example, you might bet that the Lakers beat the Warriors in the NBA and that the Patriots beat the Seahawks in the NFL. Your winnings from the first bet are carried forward to the next bet and so on.
The more events you choose to bet on, the bigger your winnings. So it’s entirely possible to win big on a very small initial outlay. And this actually happens more often than you think. Last year in the UK, one lucky punter bet 50 pence (about 60 cents) on an accumulator and took home an incredible $18,300.
Look for long-shots
Long-shots will always offer you incredible odds that offer a significant return, but that’s because you’re unlikely to actually win. The trick here is to know the sport and look for odds on supposed outsiders long before the season or the event starts.
Because the odds are so great, you could place several small bets on outsiders in the hopes that one will come through. You can even bet on who out of contract players such as Cam Newton will line up with. Bear in mind too that long-term betting on outsiders success over the course of a season will offer you the highest odds.
So there you have it, three quick and easy tips to get the most out of your sports betting. Just remember that you should always have a budget for your betting and stick to it no matter what. And if you win big, remember who gave you your first tips!