The college football season continues to wind down with the start of the extended bowl schedule and the NFL is headed into the final few weeks of its regular season in advance of this year’s playoffs. Throw in the first few months of a new season in both the NBA and the NHL to go along with the start of a new season in college basketball and that all adds up to quite a bit of betting action with your favorite online sportsbook.
As one year closes things out in anticipation of the start of a new year of sports betting, when was the last time you sat down and did a thorough analysis of your current betting strategy in terms of an overall winning percentage? If you cannot answer that question, then it is highly unlikely that you would be able to answer that very same question for each and every one of the different sports you have bet on over the past year. Failing to take a complete stock of your betting results is one of the biggest reasons why most sports bettors’ overall winning percentage is not as nearly as high as it could be.
Fortunately, most of today’s online sportsbooks can help you in this endeavor. You already have an online account from which you place your bets, so that means you already have a complete account record of all of your betting action during any specific time frame. You can easily get a report on how much money you have taken in on winning bets against how much money has gone out of your account on losses and commissions. While an overall picture of wins and losses is a good starting point, you need to drill down much further than this when it comes to taking the proper steps to increasing your winning percentage.
You should be able to answer specific questions such as how much money did you win or lose betting on total lines in college football. What was your winning percentage when betting favorites in the NFL. The deeper the analysis, the more pertinent information you will uncover about your current betting strategy. You may not think you are doubling down on losses when you should probably be backing off for the rest of that weekend, but a thorough analysis of your actual betting patterns is the only way to get a true picture of things.
Even if you consider yourself a casual sports bettor that only makes one or two bets a week, you should still tap into your online sportsbook on a regular basis to get a quick snapshot of your betting patterns. If you are an avid sports bettor on the verge of being an action junkie, then it is imperative that you closely track and measure you weekly results in attempt to uncover what is working and what is not.
Nobody bets on sports to lose money, but that end result is still the case with the mass majority of online sports bettors today. Even the top sports handicappers in the country shoot for a winning rate of better than just 60 percent, but you can be sure that they keep detailed records of every bet they make.
Proper money management is one of the fundamental ways to increase your return on investment as a sports bettor. How much you bet on something is far more important than what you actually bet on. This means that you also need a system in place that can track your actual unit plays. The bottom-line goal should be to increase your winning percentage on every big unit bet you place. This alone can mean the difference between a winning season and a losing one.