For many, college football betting is intimidating. Though the NFL is supposed to be harder, looking at a weekly list of 50 or more games is pretty damn intimidating compared to 16.
One big difference, as compared to the pros, the talent differences are often substantial and that is reflected in the sportsbooks point spread, which may or may not be helpful.
But can casual fans make money on college football betting? Of course. But only if they follow these simple procedures.
1. Don’t be a Hero, Do What You Can Do
As mentioned, 50 or games to choose is quite a few for even the most experienced bettor and handicapper.
Instead, follow a conference or two where you live and the information is plentiful or the one you where you went to school. Keep it simple, learn everything you can about the teams in a particular conference and turn yourself into a genius about 20 to 28 teams. Less is more.
2. Understand Losing is Part of the Process, Sometimes Painfully
You did your homework for Week 1 of college football and you go 0-5. The first instinct is to think “I suck”. Instead of thinking negatively, realize there are still 13 weeks in the regular season plus a crap load of bowl games.
Focus on going 3-2 each of the next six weeks and if you do that is an 18-17 record and you are almost profitable (after paying the sportsbook odds , betting 11 to win 10) with half the season to go.
It is guaranteed you will lose against the spread in the most painful of ways in the last seconds. It hurts like hell and that’s fine— just make sure to focus the next day on coming contests. No lingering allowed.
3. Know How Much You Can Lose, Not How Much You Want to Win
It is imperative to have selected bankroll for college football betting. While dreaming of winning all kinds of cash is heart-warming— the last thing anyone needs is to keep going to the ATM machine to pay off debts.
Set a bankroll amount and stick to it by dividing it over an entire season ($1,000 divided by 14 weeks = roughly $71 a week). That way you can enjoy wagering all season, knowing you have the money set aside and you don’t borrow for rent or other necessary bills.
4. Money Management and Flat Betting
It happens every year, bettors have winning records after paying the juice (that 11-10 thing again) and still lose money. How can that happen, poor money management skills.
In order to prevent this from happening to you, do what is known as – flat betting – which is the discipline of wagering the same amount on every bet. This ensures if you have a winning record against the spread, you will have a profit to show for your efforts.
Too often the sports bettor will wager $50 a game and when in a hot or cold streak, they just know Team A will cover the spread with ease and put down $200 to win. But what happens when you lose? That means you have to win next four bets just to be even. Having a 4-1 record and nothing to show for it is terrible money management.
5. Learn From Real Experts
Though you mechanic might be great at fixing cars, that does not mean he knows anything about college football.
Ask a few people you know who bet and ask them what they read. Find out who the industry leaders and try to watch, hear or read what they have to say. While network TV people might know about teams, they are not going to tell you if Alabama can cover a -20 point spread.
Football handicappers who have stood the test of time and still churn out winners are an excellent resource to help formulate opinions.