How to Properly Conduct Betting Research Before Big Betting

By: Sharon Bernhard, Guest Contributor
March 1, 2024

Successful players understand the importance of conducting betting research before they place bets. This article addresses some essential tips about conducting betting research.

Understanding the Basics of Betting Research 

Most people agree that good research is vital to place successful bets. You may be wondering why you need research to increase the chances of making well-informed bets. With good research, the player can know the factors and updates that greatly determine whether a bet will be successful or not. 

Different types of betting are available to players; the methods of conducting betting research also differ.

• Sports betting - In sports betting, you may want to know more about the player statistics, match history, head-to-head details, and other trends.
• Casinos - For casino game players, you should study the fine print and gather information on rules, odds, strategies, and potential outcomes to make informed decisions.
• Horse Racing - Here, you need to research the experience of the horse, the horse tracks, the recent statistics about the horse, its trainers, and the jockeys.

Players love to have access to the highest possible limits, but they need to relate to the key points that make up effective research. These involve knowing and understanding the odds, knowledge of the game’s history, and following betting trends. 

Tools and Resources for Betting Research 

The following constitute the tools and resources that you may find handy for betting research:

Recommended Databases and Websites 

Some of the recommended websites players can leverage include SBD Sharp, Sports Database, and Killer Sports. 

• SBD Sharp – SBD Sharp stores historical data and archives odds to help handicappers review the past and predict the future. 
• Killer Sports - Although free, Killer Sports offers its proprietary SDQL to anyone who purchases their subscriptions. The SDQL helps users build and save their trends and access statistics and tables for team comparisons. 
• Sports Database – This database lists all of the game parameters for offense, defense, and special teams, affording players the edge when searching for quality value. 

Apps and Software 

These tools help the player organize and analyze data for betting research. Some of the apps and software include: 

• Sports Insider App – They feature almost every sport available, especially football. Users can find free tips with non-visible premium ones. Yet, all the tips are backed up with notable stats, a brief overview, and head-to-head. 
• Tipsway – Even under the free section, you can find tips for sports bets and up to 25 odds per day. 
• Betmines – Betmines provides very professional software that offers pre-game stats, contests, tips, and community, and you can even place bets on the app. 

Social media and forums Social media and betting platforms afford an edge in getting insights and hints from professional players. Some well-known social media spaces to get more reliable information include Facebook, Twitter, and Instagram. Some betting discussion boards to interact with other bettors include SportsBook Review Forum, Covers.com forum, and Punters Lounge. Just check out for credible credentials, verified accounts, and diversify your info sources. You need to engage in critical thinking to maximize these platforms. 

Analyzing Data and Trends 

An analysis of the stats can involve evaluating different betting markets' historical data, undertaking pre-match analysis, in-play decisions, and, at times, comparing bookies’ odds with their computed probabilities. These statistical analyses must be combined with expert insights, game dynamics, contextual factors, and the sample size of the stats to get more reliable outcomes for the research. 

Betting odds stand for the chances that a result will occur and form the basis for reaching a certain payout. Bookmakers use odds as a standard way to let players know the extent to which a certain outcome is possible and to ensure players punt fairly. A bookmaker may set the odds in a match between Real Madrid F.C. and Newcastle at 1.25 for Real Madrid to win and at 2.5 for Newcastle to win. If a punter puts $10 on Real Madrid F.C. to win, they can get $12.5. These odds are often placed in three formats: decimal, American, and fractional. Each format stands for the same info but in just a different way. 

Using statistical models and algorithms for analyzing data and making predictions can be helpful to players. By leveraging predictive analytics, players can spot trends and patterns useful in making correct predictions. Players forecast the result of betting events, such as who wins a horse race or scores in a game. They can increase their winning chances even as the correctness of their predictions increases using the models.

Implementing Research Findings in Your Betting Strategy

Having a strategy is vital to increasing your chances of making a successful bet. The betting strategy must suit your risk tolerance even as it aligns with your betting goals. This may involve focusing on certain types of bets like over/under, moneyline, or spread. Moderate your appetite to limit the number of bets you place weekly or daily. 

Based on your research, you may also deploy a staking strategy to manage your bankroll while executing your betting strategies. These strategies may involve adjusting the likely variable percentage model, return model, and flat betting, to name a few. 

Flat betting requires placing the same percentage of money in your bankroll to be used on every bet. The variable percentage model involves betting a fixed rate of the bankroll on every bet. After incurring a loss, you will increase the bet amount by the base bet amount. On winning, you decrease it, adjusting the bets to manage risks and maximize profits. The potential return model only helps you adjust the bet size, considering the likely ROI of every bet. 

Conducting adequate research before betting is best advised as a recipe for dealing with issues with obsessive and mindless gambling. Finding a positive outcome on bets can be challenging, but with time and research, the chances for the best positive outcomes get higher.