Gather some basic knowledge about the sports on which you want to place your bets. For example, if you want to bet on cricket or say football, you need to understand the ground rules of the game first. Unless they are clear, you will not be able to place successful bets. At least the basic information such as what it needs to make a team win, how would you know or decipher which team is leading, what a winning goal is or what a winning over is are very important to know. Once you have become confident that you have the elementary knowledge of the sport, you can go ahead with betting on the outcome of a sport between two teams as also on players.
Allocate or earmark some funds exclusively for betting. While doing that, also keep in mind the time frame of the same. If you are planning to bet only on a couple of weekends in a year you will allocate your money accordingly. While if you are someone who intends to bet every weekend, you will allocate your money in a very different manner from the former.
Normally, people who have been veterans in betting advise to bet two to six per cent of your total bankroll for money lines, spreads and totals. For longshot bets, however, your bankroll will have to be bigger as you are likely to witness greater fluctuations.
Try and seek advice from a smart sports handicapper. Since he has the experience and wit, he will be able to advise you best on that particular sport. Do not forget, that he also has good technical knowledge about the sport in question. He will be able to give you some advice on what could be the possible smartest bets so that you can increase your likelihood of winning it and pocketing the profits.
Once you have gained enough knowledge on what needs to be done, go ahead and place the bet. Hopefully, if all goes well, you will win the bet. But a very important piece of advice, you need to know just when enough is really enough. This is very critical to know so that you can timely avoid losing your victories. This way you will also be safeguarding your credit worthiness and history and you will totally avoid getting trapped in any kind of debt.
In most likelihood, the readers of this article would be betting for fun and entertainment and not as a sole source of earning their livelihoods. Therefore, I would sincerely advise you to have fun and enjoy the entire process of betting. Enjoy the bets that you make. While there is no denying the fact, that luck has an important role to play, it is certainly recommended that you do your bit of research into the sport and players associated with it before you actually dive into it. This will help you prevent avoidable losses. In case you do not have the time to carry out your own research, sign up for a reliable and reputed sports handicapper who could do this bit for you. Once you are equipped with the requisite knowledge and information, you can place the wager. Plenty of websites today also offer tips on betting.