Sports betting is one of the most thrilling hobbies that you can easily do wherever you are. The internet has made sports betting widely accessible to anyone and this has been not just a source of fun for sports fans everywhere, but also a source of huge wins for those who bet wisely and get lucky.
The world of sports betting has expanded beyond the sphere of professional sports, with plenty of betting sites allowing bettors to wager on college games, such as NCAA Football.
NCAA Football is arguably the most popular college league in the world, and the competition in the league provides not just top-tier entertainment, but also plenty of opportunities to make money from betting. While winning from sports betting is something that you can’t truly control, there are some ways to increase your odds of winning to give yourself an opportunity to make huge money from NCAAF betting.
Know the Types of Bet to Make
Betting on NCAAF games, or any sports game for that matter, goes beyond simply betting on who wins the game you’re watching. It’s essential to know the types of bets that you can make so that you know how much you’re looking to win and what to look out for in-game.
Moneyline Bets
Moneyline bets are the simplest bets that you can make, as it’s just a bet on who you think will win the game. The moneyline is presented for example as Clemson Tigers -300 vs. Georgia Bulldogs +150, where the (-) sign indicates the favorite while the (+) sign indicates the underdog. Your winnings depend on the odds your team has, and naturally, betting on the underdog pays more. To compute your possible winnings, you can use an online odds calculator.
Spread Bets
Spread bets are also bets on the final outcome of the game, although it comes with additional conditions. A spread bet is presented for instance as Texas Longhorns -7.5 vs. Florida Gators +7.5. If you bet on the favorite, Texas must win with a lead greater than 7.5 points for your bet to pay off. On the other hand, if you bet on the underdog, Florida either has to win the game outright or lose with a margin less than 7.5 points,
Prop Bets
Proposition bets, also known as prop bets, are bets on certain outcomes that will occur in the game. An example is a bet on which player gets to score the first touchdown of the game. While these bets are fun, prop bets are also high-risk bets that you shouldn’t generally make if you want to make serious money.
Parlays
Making parlays is the quickest way to win huge money in sports betting, although it does have greater risks. A parlay, simply put, is a single bet on multiple outcomes, regardless if it’s composed of moneyline, spread, or prop bets. For your wager to win, every single bet on your parlay should be correct, and you could turn a small bet into an exponentially greater profit.
Sign Up for Multiple Betting Sites
Once you know which type of bet you want to make, you should look at your odds across various betting sites. There is a huge number of betting sites to be found online and it’s advisable to sign up for more than one so that you can look at which site offers the most favorable odds for the bet you’re planning to make.
Plus, signing up for different betting sites also allows you to take advantage of each site’s bonuses and promotions that will help you save money in the long run.
Keep an Eye on Statistics
Sports betting is more than just making bets on your favorite teams and players. It’s essential to be rational when you’re betting on sports, and to make informed decisions that have a greater chance of paying off.
The best way to inform yourself is by looking at team and player statistics, as this will help you know the chances for example of a team covering the spread based on their averages and this can also provide insights on the matchups that you can take advantage of.
Think Like an Investor
When you’re betting on sports and you’re looking to make serious money, you should have the mindset of an investor. This means that you should not be putting all your eggs in one basket. Diversify your bets to increase your possible streams of profit and ultimately give yourself better odds to win.
When you make multiple bets, you give yourself an opportunity to make up for missed bets as opposed to making one huge bet which could take all of your money away if you bet on the wrong side.
Manage Your Bankroll
To win consistently in sports betting, bankroll management is critical. You should have a set amount of money for betting based on your financial capacity and only use money you can afford to lose.
Once you’ve arrived at a settled amount, don’t bet it all in one session, and only make bets where you can afford to bounce back the next day without having to reload your bankroll. Furthermore, don’t get too desperate to make back your losses as this is a surefire way to go broke. Winning in sports betting is most often a long-term achievement and not something that comes instantly.