When it comes to sports betting, the key is research and knowledge. That goes for both the individual sports and the betting markets in general. There are plenty of strategies that work for different bets, and it is often a matter of knowing what strategy to use when.
For example, many pro sports bettors keep near-obsessive records of their bets, so that they can test various theories. One popular theory is that if you can figure out the probability of an outcome (such as a coin toss) and then get offered prices above those fair odds (2.00), you have found something called value. Those are the bets that professional bettors make money on.
Other important sports betting tips include staying current with injury reports and looking at past performances in certain types of games (e.g. a game with lots of turnovers might be tough to predict). Another good tip is that you should always keep your bankroll in mind. It should be enough so that you can soak up a few losses without having to worry about your finances, but also large enough to allow you to invest some time and effort into finding the best bets.
In addition to standard bets, you can place wagers on special “prop” bets. Prop bets aren’t directly related to the final result of a game, and can be about anything from how many TD passes a player will make to what color Gatorade a coach will be doused with at halftime.