Being successful in sports wagering is more complicated than just being able to pick more winners than losers. There are certain guidelines that one should follow to increase one's chances of sports betting success over the long term. Let's take a look at these sports betting principles.
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Do not bet more than you can afford to lose. Sports wagering can be an enjoyable thing if done responsibly. Betting money needed to pay bills or run your household is a quick way to find yourself in divorce court and/or out on the street. Only bookies, psychiatrists and bankruptcy attorneys benefit when you bet over your head and lose.
You must manage your sports betting bankroll properly. Don't chase your losses. Don't try to get even on the last game of the day or the last day of the week. And definitely do not bet a game just because it's on television. Remember that it's impossible to make every day a winning one, but it is very possible to make every day a losing one if you're not disciplined.
Watch out for "sure things." The expression, "if it looks too good to be true, it probably is" comes to mind. If you see a line that looks way off, it may not be a bad idea to bet on the team the book seems to be leaning towards. After all, the major sportsbooks are very good at setting solid lines.
Don't let injuries dictate your wager. The more starters on a team, the less one injury will have an effect on the team. Football has more than 20 starters, so one injury shouldn't have a major impact on the game. The one obvious exception is if the starting quarterback gets hurt on a pass-happy team and the backup has no experience or a poor performance history. Injuries are much more important in basketball, where there are only five starters and usually only about eight players see significant playing time. If a book has a line on a game in which a key player is injured, keep in mind the book has factored that injury into the line.
Do not only consider a team's last performance when handicapping a game. In football, a team that lost badly last week is very likely to practice harder and may face a team this week that is overconfident. Recent form is important, but you should always consider at least the last few games.
Be 유로88 careful when using certain trends as a basis for your plays. For example, Team XYZ has lost 10 straight games on Friday. Do you honestly think that team is thinking, "Uh-oh. It's Friday, so we're probably going to lose"? On the other hand, if a team is 0-5 this season against teams with a winning record and they're playing a team with a winning record, then that is a good indicator of the team's true strength and should be taken into consideration.
If you can follow these sports betting guidelines, your wagering experience should be an enjoyable one.
The euro against the US dollar is showing a trading set up that could yield some great profits regardless of whether the currency moves up or down.
Let's look at how this currency pair can be traded and how a move either way could make some great profits.
For this example we are using the free charting futuresource.com.
Pull up the daily chart; you will see that we are near critical resistance which the euro is trying to hurdle.
We have two possibilities of course we can either
See a breakout of the highs at 1.3400 or we can see the euro retreat from the highs and stay within the range.
A clear break of the highs would mean that important resistance is broken and the possibility is that stops will be hit and fresh buying could propel the euro much higher.
The other scenario is that resistance holds and the euro falls back.
How do you trade this move?
Watch the near term price momentum.
Resistance RSI & Bollinger bands
For this you need the stochastic indicator and the RSI.
At present the stochastic momentum is weakening and if the lines cross to the downside with bearish divergence, the odds favor the bears.
Target would be the middle of the Bollinger band (the green line) which represents the longer term moving average.
Notice how the RSI has peaked at overbought levels and is trading just off these levels.
At present it looks like the bears will prevail. The bulls will take charge on a clear break above 1.3400 - with stochastic momentum supporting the move.
Wait for confirmation
We favour the bears however don't try and impose your view on the market. Go with the stochastic signal to see if the odds favour the bulls or the bears.
By using the stochastic to give you near term price strength or weakness and using the resistance level you can decide which direction the currency is likely to go in and the odds of success.
Follow Price Action
This is a good trading set up and stop protection is obvious on either a bull break, (below the breakout point) or on a bear break (above resistance) - it's a good set up and easy one to trade.
Remember: Don't impose your view -wait for confirmation fro momentum before trading either way.