Beginning Ahead, Minimizing Risk and Taking Advantage of all your Options
by Predictem.com Staff
In this article we’re going to take a look at how you can “be a winner” before you even make your first bet along with why this is a good idea.
As you may or may not know, most online sportsbooks offer an incentive bonus (aka: sign up bonus) to play at their sportsbook. A sign up bonus generally ranges from 10% on the low and up to 25% on the high end. There are of course exceptions to this as we’ve seen 40%, 50% and even 100% bonuses in some cases which carry a specific set of restrictions and rules that apply to them. It should also be noted that most sportsbooks have a maximum bonus that your able to collect.
So let’s say you’ve got $500 to deposit. Why deposit into one sportsbook? Why not divide it up and play with two? There are many advantages in doing so. Let’s take a look at just a few.
If I was a reader of this article, I may be thinking “I don’t want to spend the time to do so” or “I’m happy with the sportsbook I’m betting with.” I surely can empathize with that.
Variance of Lines: Not all sportsbooks offer the same lines and odds. If your looking to place a wager on the New York Giants and your book has the game at -4.5 while another has the game at -4, you have a great asset here in your ability to go line shopping to get the best line. Almost all pro sports bettors play with multiple “outs.” You should be for this reason as well.
Security: Diversification of funds is ALWAYS a wise move when doing ANYTHING having to do with money. While most sportsbooks are solid and have no plan of going out of business, they are indeed still a business that if not run properly or if an unforeseen circumstance was to come up they can go out of business. Don’t get caught with all your eggs in one basket. Diversify. Spread out your loot amongst multiple sportsbooks and reduce your risk!
Until next time, good luck in your action