Tips when betting on college sports in IL
Why are you betting on college sports, and what are you hoping to gain? Those are two questions every player wanting to be successful must figure out, and once that’s done, here are four ways to help make that happen:
Manage your bankroll
There isn’t a successful sports bettor who doesn’t practice some form of bankroll management, and the same applies to college sports. Bankroll management is the most widely overlooked and important tool in the college sports bettors' arsenal. Even the best lose 43-45% of their wagers, and a solid bankroll management system will take that into consideration and keep the bettor in the game during a losing day, week, or even months-long losing streak.
Example: Better “Flash” has a bankroll of $1000 dollars he can afford to lose without losing sleep. To do this, Flash must break this $1000 down into units, and he’ll divide $1000 by 1% equalling $10 per unit. Flash would then wager $10 on every bet he makes until he either reached $1500 or falls to $500 and would adjust accordingly.
Don’t pay social media touts for picks
Paying for picks is usually a recipe for disaster, and the Illinois college sports bettor would be best served not paying social media touts for wagering picks. That’s not to say that all people selling picks are bad guys because there are also some good ones.
Rather than point to the bad, I will show you how to find the good ones. A good social media handicapper will have their picks tracked by a 3rd party such as Betstamp. Betstamp acts like a sportsbook in that once the handicapper places the “wager,” it is automatically recorded and can’t be deleted. Spreadsheets or betting slips are meaningless as both can be altered.
Illinois sportsbook companies make a killing on parlays because these low-risk high, reward plays can sometimes have life-altering winnings for the lucky winner. There’s a reason why the odds are long; a 3-leg parlay at -110 has +600 odds to win, and just trying to hit one three-leg parlay can quickly bust a bettor's bankroll.
Parlays would include teasers, same-game parlays-accumulators, and round robins. These tickets are generally at reduced odds than a true parlay with the same implied probability.
Don’t drink and gamble
Anything that can impair one's judgment is not a good mix with gambling on sports, which means refraining from alcohol while betting. Impaired Illinois bettors are likelier to chase bad bets and wager more of their bankroll than a sober bettor would.
Those are two big no-nos and total bankroll busters. There’s nothing wrong with kicking back with friends and some drinks while watching ball games–just don’t bet on the games while doing so. This will avoid some bad judgment bets made on emotional rather than logical responses and save dollars over the long haul.