The sports betting industry earned over $1 billion in revenue in 2020. A year when there were major schedule disruptions. Not surprisingly, industry earnings surpassed $52 billion last year.
Just ask the bettor from New Jersey who won over $200,000 in December on a college basketball wager.
If you’re a basketball fan, that could have been you. You don’t have to limit yourself to spectator status during the basketball season.
Are you great at making basketball predictions? You still have a chance to get in on the action. Here are seven tips on how to make your sports predictions work for you.
7 Tips For Making Basketball Predictions
Many believe there’s a formula when it comes to sports betting. If you love watching sports, you’ll notice certain patterns. These can help.
Basketball games are no exception. Here are a few tips to consider when placing your wager:
1. Do It Early
Ideally, for NBA games, you should bet as the markets open. This is usually around 8 to 9 am EST.
This gives you the advantage of adjustments based on injuries and other factors. You’ll get better odds as you generate Closing Line Value compared to when the line closes at tipoff.
2. Keep Up to Date
In basketball, the number of players makes it easy for one player to have a great impact on the game. If you bet early, you’ll need to keep track of injury reports throughout the day.
Think an injury could significantly affect the outcome of a game? Then make the necessary adjustments in the afternoon.
3. Review the Schedules
Review the schedules and capitalize on back-to-back games. Although these are usually a small percentage of a team’s 82 games, it’s still good to take note of them. Limit teams with no-rest games as fatigue can affect how they play during this period.
4. Do the Math
At least when it comes to Pace Factor. The Pace Factor estimates the number of possessions every 48 minutes by a team. In the NBA, when handicapping totals, it’s a statistic you need to consider.
Pace often determines if a game will be high-scoring based on the number of possessions in the game. This, along with the offensive efficiency of a team.
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5. Consider Seeds and Timing
You can use the tips above for both the NCAA and NBA games. However, seeds and timing are particularly relevant in college basketball. As a rule of thumb:
- Don’t pick a No. 1 seed to lose to a No. 16 seed
- Before the Sweet 16, choose at least one No. 1 and No. 2 seed to lose
- Don’t bargain too much on underdogs in your bracket
The unpredictability of March Madness can make it exciting but also frustrating. Do what you can to balance the two.
6. Take A Chance While Watching
Despite the benefits of early betting, you can also capitalize on live wagers. This is ideal when there are factors that change the odds of the game.
Consider basketball free picks. Then bet accordingly after the start of the game.
7. Track Your Bets
Of course, it’s also important to track your bets. Doing so will allow you to see patterns you can use when considering future bets.
Become a Pro Doing What You Enjoy
Many sports fans win thousands and in some cases millions every season. These aren’t limited to a particular sport. Basketball wagers can have major payouts too.
Enjoy the game and love making basketball predictions? Why not earn cash doing it?
Now is the perfect time to try your luck at sports betting. Even if you miss out on March Madness, there’s still the NBA.
Start by following these tips. If basketball isn’t your game, check out the information about some other sports on our site.