Gambling is sometimes defined as entertainment for people who don't understand mathematics. Everyone has heard stories about a basketball bettor who has a great streak...but streaks tend to be relatively shortlived. Ultimately, bettors generally end up in the red.
However, you can sometimes win betting on college basketball if you a both smart and lucky.
Those who do win...that small minority...tend to do it by strictly adhering to six simple rules.
1. Start the season with a plan. Know how much you are going to bet on each game (or at least set a range). Determine the maximum number of games you will bet during the season. And, most important of all, remember that wagering is something that should be done for fun. Never risk more than you can afford, and never increase your maximums, regardless of the circumstances.
2. If you care about winning, be thoughtful and analytical. Choose a bit as you would choose any other investment.
3. Limit your selections to games on which you are the most confident. It is much easier to win if you try to select only a few winners.
4. Be wary of attaching too much importance to trend data, especially if some of that data is historical, as opposed to current. How well a team has shot free throws during the last five years may not tell you much about what its percentage from the line will be this year, for instance. TV and radio analysts will sometimes give you a lot of "gee whiz" information or make statements they could not defend against the questions of a high school debater. You have to decide which information really means something in determining the outcome of each game on which you consider wagering.
5. Whether you win or you lose, continue to analyze the effectiveness of your selection process. Are you betting too much with your heart? Are your perceptions about the quality of play in a given league proving to be correct? Are you giving too much (or too little) weight to the quality of teams' coaches? Refine your selection criteria if warranted.
6. If you do not understand how big an advantage the home court is in basketball, do some research. Playing at home offers a bigger advantage in college basketball than it does in any major sport.
If you follow the six rules above, you can probably make money betting with your friends, and few things are more fun than that. Betting on the net or in the casino sportsbooks is an entirely different story. - 16928
However, you can sometimes win betting on college basketball if you a both smart and lucky.
Those who do win...that small minority...tend to do it by strictly adhering to six simple rules.
1. Start the season with a plan. Know how much you are going to bet on each game (or at least set a range). Determine the maximum number of games you will bet during the season. And, most important of all, remember that wagering is something that should be done for fun. Never risk more than you can afford, and never increase your maximums, regardless of the circumstances.
2. If you care about winning, be thoughtful and analytical. Choose a bit as you would choose any other investment.
3. Limit your selections to games on which you are the most confident. It is much easier to win if you try to select only a few winners.
4. Be wary of attaching too much importance to trend data, especially if some of that data is historical, as opposed to current. How well a team has shot free throws during the last five years may not tell you much about what its percentage from the line will be this year, for instance. TV and radio analysts will sometimes give you a lot of "gee whiz" information or make statements they could not defend against the questions of a high school debater. You have to decide which information really means something in determining the outcome of each game on which you consider wagering.
5. Whether you win or you lose, continue to analyze the effectiveness of your selection process. Are you betting too much with your heart? Are your perceptions about the quality of play in a given league proving to be correct? Are you giving too much (or too little) weight to the quality of teams' coaches? Refine your selection criteria if warranted.
6. If you do not understand how big an advantage the home court is in basketball, do some research. Playing at home offers a bigger advantage in college basketball than it does in any major sport.
If you follow the six rules above, you can probably make money betting with your friends, and few things are more fun than that. Betting on the net or in the casino sportsbooks is an entirely different story. - 16928
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