If you want to become a successful betting professional, you need sound basic knowledge and a long-term strategy. Many betting fans make simple and avoidable mistakes and their bank balance melts like ice in the sun. We have compiled some of the most important points for successful betting for you.
With the numerous bookmakers you can bet on all sorts of things these days. The temptations and enticements are great. But if you want to be successful in the long term, you should only bet in sports that you know and have sufficient specialist knowledge about. It is important to read statistics and background information and to stay up to date. Everything else is gut instinct. Successful betting is almost impossible without expertise.
Of course, you can also familiarize yourself with certain sports. Ultimately, it is best to concentrate on one sport and a few selected leagues that you know inside and out. You should know the teams and athletes you are betting on. Anyone who has been able to celebrate their first successes in a sport can stay with it for the time being.
There are numerous ways on the Internet to get the most basic information and statistics, such as shape curves, strengths or weaknesses. These sources should be used before each bet. The bookmakers themselves often offer extremely extensive team statistics that leave nothing to be desired.
In addition, specialist knowledge also means that the player is very familiar with the betting options of the bookmakers. You have to know how the odds are made, what types of bets there are, how a betting market works and under what conditions you can even make a profit.
Bets are always planned
As with many things in life, a plan is important when it comes to sports betting. Success in betting is closely linked to considered action and long-term thinking. To do this, the betting professional draws up a schedule with which he can anticipate which bets he would like to place on which competitions and bet types.
Have money management under control
Money management, also known as bankroll management, is also an important concept in the world of sports betting. The term should be familiar to many from poker. There, bankroll management stands for the responsible and forward-looking handling of your poker money. If you risk too much of your capital, you run the risk of losing everything and never making a profit. On the other hand, if you bet too little, you will never really get anywhere. The goal of good bankroll management is to minimize this risk.
In sports betting, good money management means setting stakes, winning limits and also loss limits. When it comes to setting win and loss limits, you can get help from many bookmakers. Online, most providers can preset these limits in the customer account on a daily, weekly or monthly basis. The stake per bet should always be in a healthy ratio to the total capital. We recommend never investing more than ten percent per tip.
Furthermore, you should only deposit funds that you can get over in the event of a loss. Anyone who tries to earn a living with sports betting comes under unnecessary pressure. And even if you are successful, it is important to stick to the original plan: Those who consistently pay out their winnings will not be tempted to continue using them unplanned.
Have emotions under control
A common misconduct in all games of chance is trying to get lost money back as quickly as possible out of the emotion. You can’t expect any success because you don’t follow a strategy, only your feelings. You play as much as possible and bet as much as possible because you want to win back as much as possible. There is a risk that you could lose your entire capital with just one bet. If there are profits, these are mainly due to luck. The player must control his emotions and always follow his plan.