Betting on sports is not for the faint of heart.

Hundreds of millions of dollars are lost every day on a wide variety of sporting events, and tens of millions of people walk away disappointed with the outcome of their bets.

Follow these three simple strategies to improve your betting experience, however, and you could find betting on sports (on, for example, icetuna.site) much more enjoyable than you expect.

Bankroll management is key — The most important thing when betting on sports is to manage your bankroll correctly.

This means knowing how much is in it, how long it will be before you can add more money to it, and how much you want to gamble on each specific sport. Once you know this, you will then want to divide the money up into daily amounts, or weekly amounts if you will only gamble weekly.

This is the amount you can afford to spend and, when that amount has been gambled and lost, you cannot bet on other sports until the time period when your next amount of money becomes available.

Research your sports and games well — Never gamble on sports you do not fully understand, as this is a surefire way to lose.

Instead, educate yourself about the intricacies of every rule in the game. Then research any teams you will be betting on, or any sportsmen or women. You should only ever bet on teams and people you are knowledgeable about. That knowledge should also include their past history of wins and losses.

Keep up to date on the news — There are so many things that can negatively or positively impact a team or a player, you should always be up to date on the latest sports news.

If a team member has been accused of a crime by police, if another has fallen ill, or if a team is about to fire their coach, all of these things will impact their ability to play and to win.

If you keep up to date on sports news, you will find out all kinds of things that can have an enormous impact on your ability to bet and to win.