Submitted by rsteel on
1) Sports teams IQ is always underrated. Focus on teams that know how to win that know how to close out games in difficult hostile environments and situations. Back the smarter players with the smarter coaching staffs that know how to implement and execute a game plan.
2) Shop until you drop. Every penny on the money line every half point on the spread is extremely important to your bottom line. Timing the market to get the optimum price and having enough outs at many sports books to get the best price possible is sometimes the difference between a winning and losing season.
3) Keep detailed betting records. Can you operate a successful business without financial statements, budgets and cash flows? Of course not! The same applies to this business. Much detail on my website as to what records you should keep.
4) Play for keeps. Greed is good in this business. That does not mean you can risk more than 2% of your bankroll on any given play. What it does mean is do not give away units. ONLY bet when you have a FULLY researched pick that contains value. NEVER bet based on a hunch and do not chase a line that is moving against you. Know when to pass with no regrets. NEVER bet for the sake of action.
Losing gamblers will tell you to enjoy the gambling experience that it is entertainment. I enjoy WINNING not gambling!