Sports gambling is a booming business in the United States. In 2023 the industry collected $10.92 billion in revenue.
During the 2024 super bowl, $23.1 billion dollars were gambled between 68 million people. There’s a lot of money floating around for you to win. However, how do you ensure you get the most bang for your buck?
Sports gambling tips
Nicholas Rodriguez is a rising senior from Seton Hall. Sports gambling is one of his favorite pastimes. He got into sports gambling as a freshman thanks to his roommate.
“He showed me how you can win money on sports.” Rodriguez said “and I never looked back.”
Rodriguez said that the main difference between casino gambling and sports gambling is the element of choice. He said that casino gambling effectively comes down to luck. Meanwhile, with sports betting you can strategize and pick which bet you want.
“There are so many types of bets for sports.” Rodriguez said “so you have many options to choose from.”
Photo via Forbes
Being able to bet on many different things allows for more strategy. For example, if you want to make bets on a game between the Nuggets and the Jazz. You’re pretty sure that the Nuggets are going to win the game. However, you’re also sure Lauri Markkanen will score over his expected points in the losing effort. You can make bets on both things happening. You don’t have to rely on the all or nothing strategy that the majority of casino gambling comes down to.
“One tip I have for my fellow sports bettors is do research.” Rodriguez said “Check player stats, and most importantly injury, weather, home or away team.”
Being able to know all the variables that can impact the game is important to ensure victories. The added strategy aspect can help you, but you need to be willing to take advantage of that. Many gambling sites like Underdog Fantasy have player news right on the site which can help you decide if you want to make a bet or not.
One tip Rodriguez gave was to stay away from parlay betting. Parlay betting is when you combine two or more wagers. These wagers don’t need to be related in any way. You can bet on Travis Kelce scoring the first TD for the Chiefs this season, Aaron Judge hitting 62 home runs and Bronny James scoring off an assist from his dad for his first bucket all in one parlay.
Although parlay betting does increase payout it also makes it harder to win. Unit betting, where you only make one bet at a time is the safest form of betting. The only important thing to remember is that it’s more expensive to place five separate bets than one parlay with five options. Remember to set financial limits on yourself based on your budget.
Sports gambling- the art of balance
There are many factors that can impact the outcome of your sports gambling bet. It’s easy to get lost in all the numbers. Although research is important, it’s important to remember your limitations.
“Never bet with your heart, bet with your pockets.” Rodriguez said
No matter how confident you are with a bet, you have to be willing to accept you could be wrong.
Ultimately, it’s important to remember that sports gambling is a balancing act. No matter how much research you do on a bet, sports does not offer any guarantees. Sports gambling is accepting you can be wrong even with all the data on your side. However, the research aspect of sports gambling makes it a much easier path to winning than traditional casino gambling. When done responsibly sports gambling can be a fun way to make some money.
If you want to get into sports gambling and want to learn more about sports, keep checking out the sports section of RespectMyRegion.com.
