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College Basketball Betting Tips

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If you are interested in placing wagers on College Basketball games, you should know some basic tips about game selection and money management. This is where I am coming in to help you.

It is very difficult to win money over the long haul when you are betting money on the Spread, the Moneyline or the Totals. This is because of two reasons: 1) The sportsbooks are very good at setting the line; and 2) The sportsbooks will receive up to 10% juice, or the amount they charge for taking the bet. Because of this, you will need to win between 55-60% of your total wagers in order to make money overall.

So, the name of the game is Selective Betting and Money Management.

Money Management

This is a very easy concept to learn, but many find it very difficult to execute without having their emotions take control. To start, you are going to begin with a certain bankroll ... Let's say $500. There are two rules that I force myself to obey when it comes to the bankroll: 1) Don't bet more than 5% of your bankroll on any one bet; and 2) Quit if you lose more than 15% of your bankroll in a single day.

These two rules are non-negotiable. If I have $500, that means that my first bet is going to be $25. If you want to bet $100, you better have a bankroll of $2,000 or you are asking to go broke quickly. If I lose my first three bets, I will be left with $425 and I will quit for the day. The next day I will place $20 bets until I return to $500 or until I have lost $60. Each time you do this, adjust your betting to compansate.

If you get on a roll, you can increase your betting. However, you shouldn't jump the bet so high that you will lose money overall if the bet fails. You should always try to store some of the winnings for the inevitable bad streak that happens to all gamblers. Let's say you get up to $600 dollars, you will now be able $30 bets. However, if you are "feeling it" you can bump that to a $50 bet.

On the other hand, never throw good money after bad. That is, don't ever place a big bet because you lost. Your overall odds don't improve and you aren't "due" to win. Just work the money management game and learn to improve winning bets by being selective of which teams you place bets on.

Selective Betting

The name means just what it says. You've never seen Middle Tennessee play a game; then don't bet on them to upset a team in the first round of the College Basketball tournament. Stick with the teams that you know. If you don't know much about the teams, look at the appropriate statistical categories to see their strengths and weaknesses. This will never guarantee you a victory, but it may help you avoid betting on game that you shouldn't touch.

More importantly, being selective means finding the mismatches that are sometimes hidden in the details. Check the Lines at the Sportsbooks; many times they will move the Line from where it opens. Sometimes this is because one side is getting all of the bets (Wisconsin fans are a good example). Therefore, the line will not indicate how the sportsbook thinks that the game will end, but where they can start to get even action on both teams. Other times, the Line will move because news that will impact the game. Many times, the line doesn't move enough in comparison to how it should.

This all takes time, practice and patience. All three of these are in short supply when the College Basketball Tournament brackets are released. Let me help you start with a bang. There are 16 games on Thursday and 16 games on Friday for a total of 32 in the Round of 64. Let's take Thursday's games and rank them how confident that you are that a team will win from 1 to 16. Take the top 10 games and research them thoroughly. Pick the 3 games that you feel the best about and bet on those. Do the same thing for Friday's games.

If you are a beginner, I suggest that you stick to picking against the Spread. You will see this in the following format:

Spread 1: +9 -110 - Line 1: +400 - Total: +133 1/2 -110
Spread 2: -9 -110 - Line 2: -500

Betting on Spread 1 means that you are receiving 9 points for betting on the Underdog. You will need to bet $110 to win $100. The Line 1 means that you will receive $400 on a wager of $100 if the underdog wins outright. The Total points scored in the game is 133.5. To bet Over or Under, you will have to bet $110 to win $100.

Betting on Spread 2 means that you are starting the game out down 9 points for betting on the Favorite. You will need to bet $110 to win $100. The Line 2 means that you will have to bet $500 in order to receive $100 if the favorite wins the game.

Don't bet the totals unless you are very familiar with both teams and think you have an edge. Don't bet the Line unless you are betting on an underdog or the two teams are closely matched.

For more sports betting information and advice, please check out my sports betting section here.

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