Published on January 18th, 2020 | by Bibhuranjan0
Useful Tips for Developing Sports Betting Skills that Win You Money
Sports’ betting is rising in popularity by the day. Several gamblers are thronging betting websites for fun and making money. But the question is, how do you bet online and make money? Well, it all comes back to one word, “discipline.”
Once you’re a disciplined gambler, these tips will boost your betting skills and make you more money.
Set Up a Bank Roll
Yes, you’re a gambler, but don’t spend all your money on gambling. You have other responsibilities like school fees and rent to pay. Therefore, set aside some amount of money for gambling.
The money you set aside is known as a bankroll. Its size varies from one player to the other. It’s also dependent on:
- The money which you can afford to lose
- The wagering timespan
- The amount to place in a game
If you’re planning on betting for a long time, have more money in your bankroll. Also, ensure the amount you stake in a game allows you to make considerable winnings.
Understand How Bookies Operate
Before placing your bet, understand how bookmarkers place their odds. In most cases, bookies determine odds depending on what they expect the general public to play. However, they’re also careful to attract bets on either side of the game. Doing so balances their liability, allowing them to have their commission.
Therefore, if you have to place a bet, choose the best bookmarker online. The introduction of bookmaker review sites such as Efirbet has come in to make the search for a reliable bookmaker easier for bettors. Here, you’ll find comprehensive reviews of different betting websites, so you can select the one that meets your needs.
Establish a Betting Unit
It’s the amount of money you invest in a game. Establish your betting unit, depending on your bankroll. If possible, ensure your bankroll allows for more than 20 betting units.
Understand the Concept of Value
It’s the ratio between potential winnings and risk of loss. In sports betting, there’s nothing like a safe play. For instance, if Arsenal is playing Manchester United, the winning odds might be 5.10 if Arsenal wins and 2.10 if Manchester United wins. Do these odds present a good value? It depends on the risk that Arsenal loses.
Understanding this concept requires you to know how bookmakers set their prices.
Finding the best value takes time and patience. You want to select high-value odds, where the potential of winning is higher than the risks involved. Being able to judge this accurately allows you to find higher values.
Use Your Brain, Not Emotions
Most punters place their bets because they want their favourite teams to win. Don’t make this mistake. As a professional punter, put your feelings aside and focus on the facts.
Before you stake your money, ask yourself these questions:
- What’s the value of this bet?
- Why is this specific bet important?
- Would I make the same bet if a different team was playing?
The purpose of these questions is to question your motives. The ultimate goal is to avoid emotions and logically place your bets.