If you want to start betting on sports online, in this article you will find some tips to help get you started and hopefully make you a little money in the process. Before you make any deposits to the online sportsbooks, do a little research, read reviews from other bettors and try to find a good first time deposit bonus. If the sportsbooks are offering free money to bring in new customers, make sure you take advantage of it.
So now let’s talk about how you could bet a $50 deposit on college or NFL football games. Most betting systems say to bet 1% of your bankroll on a side or spread. How exciting would it be to bet 50 cents on a game? You spend lto bet that much upgrading your fast food meal with cheese and bacon.
But that does not mean you would bet $25 or all $50 on one game. Unless you are only interested in betting on the big games like the BCS national championship game or the Super Bowl. I am assuming you would like to stay in action and have money in play for the whole season.
With a $50 bankroll to start with, you could wager $5 on 2-4 games a week which would be 10% of your beginning bankroll on each game.
$5 may not sound like a lot but if you are new to sports betting, you would be surprised at how much you pay attention to the game when you have some money riding on the outcome. I didn’t think $5 was a lot in the beginning either but you better believe I would keep checking the scores of the games I had money on all through the day.
If a team was about to cover the spread I was cheering a little bit more to either have the team go for the TD instead of kicking a FG. Or if I had a over under bet I would be there yelling for the team to run up the score to go over and have my bet win or to play some defense and keep the total under. It’s the same way for basketball games.
You want to use proper bankroll management to make sure you stay in action. If you double your $50 to $100 then you can increase your bet size proportionally. And if you happen to lose 5 bets at $5 each and your bankroll is now $25 you have to decrease your bet size to give yourself a chance to recover or else you will go broke and have to deposit again.
This is a similar principle to online poker bankroll management.
You don’t want to bet it all with your $50. You can bet small and slowly increase your bankroll and then increase how much you wager on each game when your bankroll can afford it. That’s how you can safely bet $50 on sports online.
You can bet on the Lakers to win another championship. Or maybe Lebron and the Cavaliers will finally get their ring. Place a bet on the Celtics vs the Cavaliers.