Basketball Betting: 5 Things Every Punter Should Know

Betting has grown to become a great source of entertainment and income. People bet to win, be entertained, and enjoy the indescribable feeling of being right. Thanks to technology and the internet, betting (especially sports betting) has been made easier. You can be in the comfort of your home whilst placing bets worth thousands of dollars.

Different options and sports are now available to bet on, and basketball is one of them. The century-old sport has become a world favorite, with millions of people tuning in to watch. From the NBA to the Olympics and the Basketball World Cup, and the famous March Madness tournament, fans can follow lots of basketball actions and win in the process.

The plus side to this is that besides the joy you get from watching your favorite stars making that 3-pointer, you can also make some cool cash betting on the events. The NCAA March Madness is one of the basketball events you can bet on. The event, which is held every March, usually attracts a lot of bets, and different tipsters and sites offer March Madness betting picks to ensure that bettors win big from the month-long tournament.

Things Every Punter Should Know About Basketball Betting

If you are looking to go into the world of basketball betting or have already started the joinery, there are some things you need to know. Some of them are:

1. Avoid Picks From Major Networks, Do Your Research

Big sporting networks like ESPN, FOX, and CBS always come up with mouth-watering headlines and articles to hype games. They go on to provide you with tips and betting advice to follow their articles, and if you are not careful, you might end up making the wrong decision.

To be a successful basketball punter, you must trust your gut and do your research. Do not rely on sporting tips from the big networks. Headlines like "The unbeatable Lakers have won their last five games, and they will be looking to make it six when they face the Rockets tomorrow" are meant to draw readers to the game and are not meant to be betting tips, be careful to make sure you are not swayed.

Ensure you do your research and even if you need help, get it from professional tipsters with a proven record of success.

2. Don't Joke With Historical Data

There's nothing wrong with betting off intuitions and luck, but if you want to make your betting experience count, you'll have to consider historical data.

Proper data analytics can impact the outcome of a wager. Data like 2nd half-lines, totals, opening and closing point spreads, and money lines can help make better decisions. But like always, it is not advisable to focus on historical data. Teams change, coaches change, and people change. A combination of game understanding, historical data, and present data is advised.

3. Injuries and Upsets

There is always a star player in almost every sport that involves teams. Basketball is no different. Whether it's the NBA, NCAA, or the Olympics games, there is always a star player in the team. The game is usually built around these stars, and an injury to any or some of the stars can lead to the team's downfall.

Injury and fatigue are pretty common in basketball, and using them to your advantage is one of the surest ways to overcome the odds.

4. Follow Some Specific Teams

Though many might advise against this, it's a pretty good tip. Betting on every team can be unprofitable even when you watch the games.

Instead, you can follow a team or some teams, read about their players, and watch their games. This will allow you to bet better on those teams and also reduce the risk of losing.

5. Bankroll Management

This is the most important aspect of basketball betting every punter should know. Bankroll management tracks the amount you spend on betting and tells you when you are making a profit or betting at a loss.

No one wants to go broke trying to get rich. Self-control is essential, and it will help if you wager only what you can afford to avoid financial woes.

The Bottom Line

There is no fireproof way to succeed in basketball betting because, in the end, it's not up to you how the games will go. A star player might end up having a bad game, or an underdog team might pull off an upset.

Even with these uncertainties, you can make sure you are on the safe side by adhering to some tips which have been tested and proven. They are not always perfect but can help you overcome the odds most times.

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Basketball betting can be very profitable if you do it right. Here are some things every basketball punter should know.

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