It explains how to choose a betting company, the main mistakes players make and the principles of a betting bank.
Everything you need to know about sports betting: choosing a bookmaker, match analysis, attitude to gambling, betting principles and betting strategies. In this article we will discuss betting tips and other nuances useful for beginners.
To choose a reliable betting company with high odds, use our betting company rankings.
How to choose which matches to bet on
For beginners, it is important to decide which sport and championship you want to bet on. There may be several such tournaments. However, the more competitions you try to cover, the less time you have for analysis. This reduces the likelihood of accurate predictions in sports betting.
First choose:
Football, as football betting is becoming more and more popular, read about football betting here Read My Article;
Top Championship;
several popular clubs.
The most important thing is to learn how to analyse the line-up, at least in certain matches. A superficial analysis of the opponents from a distance leads to the bank losing.
What you need to know about sports betting.
When betting with bookmakers, you need to understand your objective and your risks. If you see betting as a way to make money, be prepared to work hard by studying statistics, watching matches, following the news, etc.
Otherwise, see betting at betting shops as a pastime that will cost you money. After all, without systematic analytical work and a good knowledge of sport, it is almost impossible to beat a bookmaker in the long term.
There are three mistakes that can lead to big problems:
Betting with credits or other commitments;
Borrowing money for betting;
Include potential gambling revenue in your budget.
Remember that even a few setbacks should not become a financial or psychological problem for you. Otherwise it is better not to bet.
How to determine your betting bank
To bet on sports, set your betting bank. You need to understand how much money you want to risk when betting with bookmakers.
Set a maximum bet amount so that you don't exceed your limit and lose more than you can afford.
Choose the size of your bet according to the size of your bank. Do not allocate more than 5% of your funds per bet. Betting more than this increases the risk of losing money completely.
Remember that you can only spend money on bets that you do not have a high risk of losing. It must be free money.
For those who want to make money in the long term, this is the amount of money you can spend on investments. For those who like excitement, it is money that can be compared with money spent on other activities.
You can also place bets without money. Virtual accounts can be used for this purpose. You can use them to check your returns remotely and then decide whether or not to play for real money.
How to place bets correctly for beginners
We've already covered everything you need to know about sports betting at the entry level. Now the best part - all the tips for beginners who want to try their hand.
There can be no guaranteed profit in sports betting. Even betting on the opposite outcome with odds of more than 2.00 is a risk. A mistake or irregularity in a winning bet may result in the bookmaker being forced to refund your money.
Here are some principles to minimise the risk.
You cannot be 100% sure in sport, even if the clear favourite wins. The betting odds for the stronger team are usually around 1.10-1.40 or even lower. At these odds it is difficult to increase the pot.
The number of parlay selections should be as small as possible. Each bet shall consist of two or more events. If one of them fails, the whole bet is lost. If you are playing such a bet, you should only add three outcomes with odds less than 2.00.
Do not try to win immediately after several unsuccessful bets. When you lose, take a break and find out the reasons for these failures. Otherwise, you will be betting on emotions and risk emptying your bankroll completely.
Find the best sports betting strategies and stick to them. Try out the strategies on paper or in a virtual account first. When you're playing on the plus side, you can transfer the tactics to cash bets.
Stick to your chosen strategy and don't deviate from it in case of temporary setbacks. When a player breaks the rules, his betting chaos ensues. This leads to bad results.
Avoid betting on the team you support. Personal preference can be turned against you because you will be biased in your prediction of the outcome of the match. Good luck!