Many people enjoy a wager on a whole range of motorsports. For most of those, this is an enjoyable pastime and whether they win or lose on the bets they place, having something to cheer on while watching the action is the most important thing.
That doesn’t stop us all from wanting to be better though, we all strive to be better gamblers and win more.
In terms of motorsport betting, much of this relies on your knowledge of the racing you are betting on but there are also general betting tips that will make you a success if you implement them.
Here we are going to talk about those, assuming that you have good knowledge of motorsports and need help on the general betting side of things to improve you and make you a more successful gambler.
Create a Record of Your Wagers
If you want to be the best possible gambler you can then you must have a record of your bets. This is the only way that you can change things and know 100% that you are doing the right thing.
The spreadsheet should show you where you are winning and losing, either on different types of motorsport or on different betting markets.
For example, are you placing winning bets on the NASCAR Cup Series but placing a run of losing bets on speedway events? Your spreadsheet will show this, and the more data you collect the stronger you can feel about your findings.
When you have this, you can either cut out bad sports and markets all together or you can lower your stakes on them, while raising your stakes where you make a profit.
Explore the Betting Markets
The choice when it comes to betting markets has never been as good for motorsport punters.
You no longer have to bet on who wins the race, there are many different markets and also live betting markets that you can use. While you won’t need them all, exploring what is on offer and seeing what fits with your betting style is key.
Some of the markets available now may not have been in use when you first started betting, and more new ones will be developed in the future.
Exploring the different ways to bet could potentially lead to a new way to bet and win. Those who place regular bets on Formula 1 should certainly check this out, as the sport continues to thrive in terms of betting, with a lot of new additions.
Compare the Odds Available
Choosing where you should place your bets is very important. You may not have known this when you first began betting, but as an experienced punter now you should know the value of getting the best odds and offers from your bookmaker.
Bookmakers offer free bets to customers who open a new account and these are a great way to get started if you feel the need to bet elsewhere. The bookie you choose you be down to the offers you can get from them but importantly, you should also check the odds.
You can do this when you next place a bet with your regular bookmaker. Simply record the odds you take on your spreadsheet that we have just spoken about above. Then add a separate column next to these odds to highlight the best odds available and where you can get them.
Over the course of a few weeks, look at your winning bets and work out a profit for them based on the odds you took, as well as the profit when taking the best odds.
See how this compares and see if it is time for you to change bookmakers.