To bet on sports, define your game bank. You must understand how much you are willing to risk to bet with bookmakers.
Set yourself a maximum pot drawdown so you don’t go over that limit and lose more than you can afford.
Choose the size of the bet based on the size of the bank. Allocate no more than 5% of the bankroll for one bet. By betting on a larger amount, you increase the risk of losing money completely.
Remember that you can only withdraw money that is not critical to lose on bets. It should be free finance.
For those who want to earn in debt, this is the amount that you can allocate for investments. For lovers of emotions, this is money comparable to spending on your other entertainment.
You can bet without money. That’s what virtual accounts are for. On them, you check your profitability at a distance and only then decide whether to play for real money.
Bankroll management in betting:
- Bankroll Management in Sports Betting: Banking Rules and Seven Financial Strategies
- How to bet correctly for beginners
- Everything you need to know about sports betting at the initial stage, we have sorted it out. Now let’s move on to the most interesting – tips for beginners who want to try their hand.
There is no guaranteed profit in sports betting. Even when betting on opposite outcomes with odds above 2.00, there is a risk. Due to an error or irregularities on a winning bet, the bookmaker may issue a refund.
We list the principles that will reduce the risks.
In sports, you cannot be 100% sure even of the victory of a clear favorite. Quotes for winning a stronger team usually go in the region of 1.10-1.40 or even lower. With such coefficients, it is difficult to increase the pot.
Minimize the number of flash forecasts. Each parlay consists of two or more events. With one failure, the entire bet loses. If you still play this type of bet, add no more than three outcomes to the coupon with odds below 2.00.
Do not try to win back immediately after a series of unsuccessful bets. When the pot is down, take a break and figure out the reasons for these failures. Otherwise, you bet on emotions and risk completely draining your bank.
Find the best sports betting strategies for you and stick to them. First, test strategies on paper or a virtual account. When playing in plus, you can transfer tactics to betting for money.
Follow the chosen strategy and do not deviate from it in case of temporary setbacks.
In the event that a player breaks his rules, chaos begins in his bets. This leads to bad results.
Avoid betting on the team you support. Personal preference can work against you as you will be biased in predicting the outcome of a match.
Do not make hasty live bets. Live betting events should be as carefully selected and analyzed as pre-match bets.
