The tips are also aimed at more experienced players:
- Choose your sites well. We maintain some reference pages so that you don’t get ripped off. We have articles talking about new betting sites and bookmakers not recommended.
- Specialise, otherwise you will end up losing money. If the bookmakers have people specialized in each sports modality, you should also seek knowledge to have more chances of winning.
- Never bet with your heart. This is a very common and very serious mistake. Leave aside your preferences and trust the data.
- Be cool. Keep a clear routine and don’t think short term, as that doesn’t work in the betting world.
- Assume that you don’t always win. Just as there will be very good times, you should also know how to endure the bad times. Don’t try to recover your losses quickly.
- Register in several bookmakers. This will allow you to make the most of bonuses and promotions. Also, take advantage of specific sites for some sports, such as Rivalry betting, which focuses on eSports.
- Remember that there are no right bets. Avoid everything that gives you a 100% guarantee because it is not true.
Set a betting budget
Every single tip on this page is important, but none is more important than this one. Regardless of how much money you have, or what your short-term or long-term goals are, you simply must set a budget.
Remember, losing money is a much more likely outcome than making money. You need to decide how much money you are willing to put at risk, and make sure you don’t start risking more if you lose it all.
You can set a daily budget, a weekly budget, a monthly budget or an annual budget. We’ve even heard of people setting aside a sum of money with no time limits. How you set up your budget is entirely up to you. Just make sure that your budget is set at an affordable amount and that it is something you are determined to stick to.
Spending too much to gamble can lead to all sorts of problems. No one has an infinite amount of money, so everyone has to manage their finances to some extent. There are certain costs of living that should always be the priority.
And when the game can start to get out of hand, and the consequences can be dire. This is easily avoided simply on a budget.
Don’t gamble with your heart, gamble with your head
This means don’t bet because you want a team to win, bet because you think you will win! Similarly, don’t bet against teams you don’t like simply because you don’t like them, bet against them because you think they will lose.
Be patient as you won’t win every bet, if you want to become successful at betting on football, you need to be patient and pick the right bets for you.
That sounds like a pretty tough way to go, but we’re asking for a chance. Some websites that specialise in giving advice to those interested in sports betting have suggested tracking your plays for a full year before deciding whether or not you find the advantage of being a profitable sports bettor.
Now, since sports betting is not a perfect art and you will have to accept that you will lose from time to time, the edge you need is not really much higher than 50%, more between 52% and 55% depending on the money lines you are betting on. But just because that seems possible doesn’t mean it’s easy for everyone.
When tracking your bets, there are some more specific statistics you want to look at. The first is your return on investment. Divide your profits on a bet by the amount you put in, and you’ll see how much you’re making on an average play.
You’ll want to look at your return on investment for individual wins, but you also want to see how much profit you’ve made over time compared to the amount of money you’ve put forward overall since you started your foray into sports betting.
What is bankroll?
It is the budget available for betting. It is recommended, as it seems logical, to start betting little money and gradually increase the amount invested. Since there are no right bets, make sure you control impulses.
What is a tipster?
It is a person who offers his services by giving his predictions to other bettors. Today, there are hundreds of this type of figures which, without a doubt, make it difficult to choose one or the other, especially when you are a beginner and do not master certain concepts.
What is a betting stake?
It’s a confidence measure that goes from 0 to 10. The higher the stake, the greater the confidence to make a correct guess. High stake bets are those in which the chances of victory are very likely.
What is a freebet?
Freebet is a free bet granted by the gambling site. A tip is to keep an eye out for promotions to get freebets.
What is a moneyline market?
It is a bet on the winner of the match.
For some reason, many people seem to think that betting on sports makes them less enjoyable. This is perhaps because they are under the impression that it means taking things too seriously, and worrying about things like stats and form, rather than simply relaxing and watching a game.
Let us assure you that that is just silly. You can certainly choose to take your betting seriously, and it may affect how you watch sporting events, but it doesn’t really take the fun out of things. It’s just the opposite really. In our opinion at least, placing bets on events makes watching them even more enjoyable. It adds to the excitement, as it means there’s always something or someone to cheer about.
It is not essential to learn everything about the strategy involved in sports betting, and in fact the vast majority of people who bet simply enjoy putting their sports knowledge to the test and giving themselves the opportunity to win some money. We recommend learning at least the basics of what to do, but they are all that is needed if you want to have fun and place the occasional bet on your favourite sports.