Betting on professional sports, including football, horse racing, and soccer, is an exciting activity enjoyed by millions around the world. When done correctly, it can make even the dullest of fixtures a nail-biting contest, helping to add another level of excitement to your viewing. Make the correct prediction, and you could be cheering your favourite team to victory while enjoying a welcome boost to your account balance.
There is no guaranteed way to beat the bookies and ensure you make a tidy profit every time you bet, and it’s important to remember that before getting involved. A lack of experience with online sportsbook betting shouldn’t put anyone off enjoying a flutter, but newbies should be extra vigilant with how they use their stake money and who they trust to look after their bets.
There are some dangers to online gambling you should be aware of and work to avoid, but there are some simple steps to help you steer clear of any problems when betting. From fully researching every bet you place to having tight control over your bankroll management, the more effort you put into your bets and the more dedicated you are, the better chance there is of you making it pay.
Know the odds are stacked against you
There may not be a surefire way to bash the bookies and quit your day job to rely on the income generated from sports betting, but there are tricks and tips that can help swing the balance of power in your favour. Before gambling, you should know the odds are stacked against you, and the bookie wins every time, even when they lose. They have full-time traders who are paid well to keep up to speed on their sport of interest, researching, revising and monitoring. The odds of every selection from every market slightly favours the bookie.
For evidence of this, see the coin toss betting in a cricket match. Heads or tails are the possible outcomes, and, as we all know, it’s a 50/50 scenario. That means the correct odds for this market should be 1/1 heads and 1/1 for tails, even money for an even chance. Check any respected online betting app, and you’ll see the coin toss isn’t as expected, but, instead, the odds are 10/11 heads and 10/11 for tails. That means, whatever the result, the house keeps all of your stake or a little of your winnings.
It’s not fair, but the sooner you realise it’s not fair, the better. We aren’t up against the bookies on a level playing field, but that doesn’t mean you can’t still make a profit. Those small margins is how bookies make their profits and remain in business. Any experienced gambler understands how the system works, and it’s necessary for the industry to flourish. If you are looking for a fairer betting experience, try a betting exchange where you bet against other players rather than bet against the bookie. Sportsbooks make their living by skimming a bit off the top of the odds while betting exchanges charge commission on winning bets.
Keep it simple
One of the best pieces of advice when betting on sports is keep it simple. Ignore the flash posters and the novelty bets such as odds boosts on accumulators. Visit the website of your chosen bookie and see what they are promoting. It’s often big bets with big odds, but that’s because the chances of winning are small. The more selections in your bets, the less chance there is of you winning. Keep it small. Slow and steady wins the race.
It may not be as exciting and popular as betting on accumulators, trying to win big sums of cash off small stakes, but singles are the best way to profit. You’ll never see a simple single bet advertised on a bookmaker’s website or app. That’s because the trading team hate singles. It reduces the chances of you losing and boosts the chances of you winning: one bet, one stake and one chance to win or lose.
This approach won’t make you rich overnight, but it will help tip the balance of power, and it’ll have an instant impact on your profit and loss column.