Summary: Cricket, football or poker, no matter which sport you follow and like to place wagers on, there are some best online sports betting tips that will help you win some cash. Want to know about them? Keep reading.

We all want to make some quick cash and online sports betting is the most exciting way to do it. And as a nation of 1.2 billion population, India`s love for sports and betting is well known across the world. The nation has carved a niche for itself, whether it’s the Commonwealth Games, Olympics, Asian Games or the ICC World Cup and other leagues and tournaments.

With online sports betting becoming the latest rage with the passionate Indian fans, more and more people are taking part in it. After having a look at the large database of users in India, more and more bookmakers are coming up with betting sites. And with plenty of betting sites coming up with incredibly amazing offers, punters whether a novice or a pro, can make some quick buck.

No matter what sports, league or tournaments you have your heart on, these tips work in every regard and helps to minimize your chances of losing and ensures that you make maximum profit. Thus, we have curated a list of online sports betting tips that are easy to understand and even easier to imply. So let`s start, shall we?

1. Think Smartly

Oh yes! We all know how Bollywood has actually taught us to follow our heart and not head. But, whoa..hold on a second! If your heart can do excellent calculation, then it could be the best decisionmaker, but if all it does is purify the blood, then let it do what it meant to do. And leave the decision-making part onto your brain.

Winning and losing a game does involve a bit of luck too, but it`s not entirely dependent on it. If you want to win like a pro, you must also think like a pro. One small mistake and you can lose all your hard-earned cash, in a jiffy! Therefore, instead of betting on a team just because you support them, think smartly and consider every aspect of the sport. If the odds aren`t favorable, don`t place your wager on it. Betting on a team which is most likely to win might not help you make much profit, but it will protect you from losing money. Try to stay objective when making your bets, as it doesn`t make you a traitor, but smart.

2. Wear Your Heart On Your Sleeves

Accepting a defeat and losing money, can be a hard pill to swallow, but this is how the online sports betting works. Accept that sometimes the team you back will lose. Even the professionals don`t get it right, all the time. Thus, if you manage to success on 50% or more of your bets, then you are doing good. But, when you lose, just dust off your clothes, and focus on the next opportunity.  

3. Wrap Your Head Around the Concept of Value

One of the most paramount tip, that every better must know is to spot odds that are too high, consistently and systematically. If you don`t have this, you can walk away. Value, although it is a simple concept, most people do not pay much attention to it and leave some of the great opportunities for the minority of betters that do know the drill, very well.

You must be able to judge the probabilities of a team winning, more correctly than the market does. If you really want to perform well in online sports betting, then you must find the undervalued teams each day and capitalize on those opportunities. Don`t lose heart, if you can`t succeed in the first few times. It is the hardest thing to do and needs a lot of practice.

4. Understand Basic Mathematics

Nope, betting doesn`t require you to be the ‘Aryabhatt’, but if you don`t like numbers, then you probably should give up the idea of betting. Why? Because betting is all about numbers, statistics, facts and making accurate predictions- spot on. While plenty of people would suggest you to go with your instinct, it wouldn`t help you in the long term. To make huge profits, a viable staking plan would be required, and you will have to develop a loving relationship with division and multiplication.

5. Spot the Opportunities With Odds

In every league or tournament, odds that are set by the bookmakers are purely a reflection of what they expect the regular betters to play. The odds are never based on the actual probabilities of either outcome. To counterbalance their liability and to take their commission, bookmakers set odds to attract betting on either side of the odds.

Understanding how the bookmakers make the odds will give you an opportunity, where the general public`s opinion is just plain wrong. The business model of bookmakers is base on low margins and high volumes.

6. Get ready to fall in love with Underdogs

After having spent a considerable amount of time in online sports betting, we all learn to fall in love with the teams that nobody likes. It may sound weird a first, but the less the general public likes a team, the more we like the look of them in terms of value. Especially if a team that has been doing quite well, but suddenly has had a bad run of maybe 3 or 5 games, can have a higher value.

7. Let the Bygones be Bygones

Don`t let a recent losing run throw you off your game. Let the past remain in the past, and move on. Which also means, don`t keep celebrating your latest winning streak. Stay stick to your analysis, and keep making good decisions.

8. Don`t Underestimate a Betting Bankroll

If you want to stay put in a game and want to keep winning money, start with a betting bankroll which is capable of absorbing losses. When you are betting on sports, you must always set aside a fixed amount of money, which is known as ‘bankroll’. Having a bankroll is extremely important because, no one would want to place bets on sports with money that they can`t afford to lose. The right thumb rule for money management is to only make bets with 1-5% of your bankroll. Hence, set aside a certain amount of money that you can use for the week,     the month, or the season.