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Step 1
Do your homework on the teams you're betting on or against, the horses in the race or the boxers in the ring. While some people like to go off of a "gut feeling," doing research on the sport you're placing a bet on is going to give you more background in order to base your decision. The more information you are armed with, the better choice you can make to establish just who the winner might be.
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Step 2
Place your bet as close to the time of the event as possible. Things can happen at the last minute, players can get injured or statistics can turn around on you, decreasing your original odds. This tip goes hand in hand with educating yourself--stay on pace with what's happening in the sports world--even up to the last minute.
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Step 3
Make small goals by understanding that winning takes time and patience. You won't win your bets 100% of the time. In fact, you'll be lucky if you win them 80% of the time. Keep in mind that you will win some and lose some. However, if you use your knowledge and stay patient, your winning ratio will eventually climb.
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Step 4
Stay sober while doing your betting; this keeps your mind sharp and your information right where you need it--at your fingertips. Intoxication can lead to quick, uneducated decisions because your guard is down, so always pass on the alcohol.
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Step 5
Be patient. When people get in a panicked state, they can make rash decisions. Most gambling experts suggest arming yourself with knowledge and taking your time.
