BETTING BASICS
Before placing money on bets on a regular basis, you ought to determine how much capital you want to start with. You should only budget the money you have at your disposal and that you can afford to spend. Do not use money that you need for rent, insurance or other living expenses in your starting capital. A clearer mind makes it easier for you to make smarter choices and be more successful in the long run .
A
comprehensive knowledge of sport (in this case, football) and information about each individual match is vital if you want to manage risk. Therefore, you should get to know each team in detail. Assess form curve, missing players, match history and many other indicators that can help you analyse every match as fully as possible.
Bets
placed intuitively on your favourite team or high odds will probably lead to the occasional streak of luck – to manage risk, however, cannot be achieved this way. Instead, you should bet on matches in leagues you are familiar with, and on matches you can evaluate properly
.
Place your bets only in categories you are familiar with, or where you have already been considerably successful. If you are just starting out, you should test different betting categories to get a good impression of your options.
Simple and low-risk bets for betting rookies are the classic 3-way bets, where you can place Home win, Draw or Away win and Over / Under 2.5 bets. Statistical analysis has shown that these two categories of bets are won quite frequently
.
Even though accumulators have a certain appeal, we recommend avoiding them as much as possible. Each additional match on your betting slip makes it more likely that you will lose the bet. The best ways to manage risk means high probabilities, which in turn are achieved by making the right bets .
Live bets also carry a high probability of loss, so again, you should try to avoid putting money on them. For these kinds of bets, you must make multiple decisions in a matter of seconds. This usually doesn’t give you enough time for the comprehensive analysis needed for placing successful wager . As a result, most punters frequently make crucial mistakes that cause their bets to lose. Moreover, the odds of live bets are always under the offers before the match. For that reason, the pay-out percentage only rarely exceeds 90% .
This is the basic rule for every punter. Before placing money on a match, you should always check the bookmaker’s odds to find out if your bet has value - only then should you put money on it .
To stay in the game, you should avoid placing too much money on a single match. Nor should you try to make up for a loss by placing a risky wager afterwards. Instead, you should have a well-thought-out money management strategy in place. Many punters work with flat wagers – the amount to be placed follows an initial betting budget - or dynamic wagers – a current betting budget. Whatever kind of money management strategy you choose to follow, you should begin by wagering smaller amounts of no more than 3%-5% percent of your betting budget.
Apart from this, you should set targets for your bets. Determine in regular intervals what profit you want to earn in which period. Do not set your targets too high in order to keep a clear mind and make well-informed decisions
.
If you have many different bets taking place at the same time, it can be hard to keep track of what’s going on. However, the latter is crucial if you want to keep an eye on how your bets are doing and where you stand to suffer losses. You should, therefore, keep a record of your bets. In this way, all profits and expenses are available at a glance, and you can quickly react to developments and refine your risk management strategy if necessary .
Big betting companies offer you up to 40,000 different bets to choose from daily. For obvious reasons, they are unable to accurately assess each match in detail. You can almost be certain that you will not be able to find especially valuable odds for matches played by well-known and popular teams like Manchester United, Real Madrid and Liverpool. So, if you know your way around in other leagues, it is worth shifting your focus on them instead. Are you an expert on the 3. Liga or the second Spanish division? Use your knowledge to your advantage. Check those matches for value and, in this way, manage yourself better
.
References:
Ltd, W. (2021, January 6). 21 Most Popular Football Betting Markets [Updated List]⚡️. ThePuntersPage.com. https://www.thepunterspage.com/most-profitable-football-betting-markets/
Bet on who will win the match. 90 Minutes means up to the final whistle. Goals scored in referee’s optional time/injury time do count towards the result .
Bet on what the result will be at the end of the first half. Goals scored in referee’s optional time/injury time at the end of the first half, do count towards the result .
A handicap is a way to level the playing field between two unevenly matched teams. A handicap is a head start given to the underdog team, in order to make the betting more interesting. This head start is given in the form of points and is applied to the final score of the game. For example, if team A is heavily favored to beat team B, team B might be given a handicap of +7 points. If team B then wins the game or loses by less than 7 points, anyone who bet on them will be a winner .
