It takes time...
...to learn how to gamble on sports ....Most people think that gambling is a waste of money and they are probably right. 95% of the gamblers lose money
There are several elements that someone should consider before placing a bet and increase the chances of winning.
1. Always take the best price
It does not make sense to bet on 1.5 when you can take the same bet on 1.55. All the big betting companies are trustworthy so safety and security is not an issue. Sometimes there are deposit fees involved, commission etc so make sure before you bet that you take the best price for sure
2. Do you homework before placing a bet
Before placing a bet, you should always check history, missing players and every single factor that can affect a result. The more you know the better it is.
3. If you don’t get a good price don’t place the bet
According to your homework, you create a possibility of winning. Only bet if the possibility of winning (according to your opinion) is reflected on the odds you bet on. For example you have Real Madrid to beat Betis at home and you believe that Real Madrid has a 85% chance of winning the match. You should not bet on anything below 1.18 because 100/1.18 =84.74%. This is the % of winning implied by the odds. If your bookie gives Real at 1.1 then you should not bet because the % of winning according to the odds is 100/1.1=90.9%. If you bet at 1.18 is a FAIRBET while anything above that is VALUEBET. Remember that the % of winning is based on your personal opinion on that match so for someone a bet might look VALUE while for someone NOT VALUE
4. There is no such thing as odds that are too low to take
If you think a bet is a VALUEBET then you should go for it even if the price you get is 1.05. For example, you believe that there 97% for France to beat Faeroe Islands at home for Euro 2008. Then any price above 1.03 (100/1.03=97%) will do just fine.
5. Bet with your mind , not with your heart.
Obviously picking up you favorite team to win every Saturday will not make you rich….
6. Don’t lose it
If you have a bad run, have a break! Don’t try to win your money back within a night by placing crazy bets on crazy odds.
7. Bet on single bets
Forget your 8fold that you won when you where 22….These things do not happen often and definitely there is not a single professional gambler in the world that bets on anything else than single bets. Since there is profit margin that bookies apply on every single selection, the more selections on your bet the more margins is applied and eventually your chances of winning are getting less and less
8. Trust only yourself
Do not trust any sort of betting gurus that provide betting tips on who will win on a match, spreads and stuff like that . It is most likely that they will confuse your judgment….
