You made it!
What a week it's been, welcome to the mobile betting community. The first week set the stage for what should be an exciting 2022.
What should the people of New York expect now that mobile wagering is legal? There will be a race between these sportsbooks. The books are fighting for the customer and the money. notifications about current offerings will flood mobile phones, as advertisements will be even more apparent. It's normal to be overwhelmed by the many mobile betting options. First-time sign up offers are offered by each sportsbook.
What do you do? Whether in New York or any of the other states that recently added legal mobile betting, here are some tips to get you going.
Bettors can get excited after their first win and start placing large sums of money on games. It's not a race. Take some time to learn how to bet and navigate the sportsbook apps. Make sure you bet what you want and on the correct side because the sportsbook app is different. "All bets are action," and you usually only get a one-time refund from a mistake.
A manageable bankroll is important. Unless you become a professional, betting should never be a source of income. Being overly confident and then doubling down to make up for lost money is a common mistake. This is not a smart option in any gambling space. The common bettor is more likely to lose than win because professional bettors rarely hold a winning percentage higher than 45%. It's not easy to hit 52.8% to be profitable. Be careful.
The best line is to shop for.
A daily sports betting show. The goal of the program is to better serve the millions of sports fans who participate in sports wagering and to educate general sports fans with in-depth analysis. You can watch it.
There are at least five more sportsbooks on the way. It's normal to feel overwhelmed by the various mobile betting options, but one doesn't have to be exclusive to one app. It's important to shop for the best line from a value perspective if you learn one thing today. You can use all the edges you can get if you grab the best line. Take the time to sift through the apps and use a pencil and paper. The advantage helps in the long run.
Operators are competing in a very competitive landscape. Take advantage of the various signup offers and promotions to survive in the Sportsbooks. If you don't plan to bet immediately, maximize them because they won't last forever. Bettors can take advantage of each book's promotions if they sign up for it. A sportsbook might allow a maximum amount of money to be wagered on a promotion, but this is free money to get you in and betting. If you do it right, you can profit immediately and then manage your bankroll well. All promotions are different from site to site and within each site so be sure to read the terms and conditions. If you click a button, it will count, but if you don't, it won't count.
Be aware of injuries and carbon dioxide.
COVID-19 and injury are not predictable. Line swings are common because it's part of betting now. If the player gets injured in the first quarter, the NBA prop bet will be a loss. If you place a bet on a player not entering the game, the bet will be voided. This is a moving target so make sure you are paying attention to the news. If a customer bets on the Packers to win earlier in the week and Rodgers tests positive, the bet won't be refunded and you have to use the line bet. It's more of a gamble to bet on games further away from the start of the game. It's the new reality. The advice to bet as early as you can to beat the market is still true, but COVID-19 has added a new dynamic that we must pay attention to.
Know the rules of the house.
It will take time for the new bettor to pick up the rules of the books, but they are usually on the app and website. Before you accept, know what they are.
Operators and bettors in New York are excited. Operators can expect a very competitive landscape, so make sure to take advantage of the various signups and promotions. Don't miss out on the chance!