- July 29, 2022
Rules for betting | sports betting tips
We give you the ten basic rules to achieve success in your soccer bets. Our guide reveals in depth the top ten things you need to consider to be a successful sports bettor.
Betting on soccer can add an extra level of excitement to the game you are watching. But unless you win on a regular basis, the novelty can soon wear off and let the disappointment win. That is why the most successful sports bettors develop well-defined strategies when it comes to betting. So, try to place bet on football to be a successful sports bettor.
Do your homework
The first thing you need to do sports betting successfully is to have the necessary knowledge. Bets should never be placed solely on instinct or intuition. Every bet you make should be the result of solid research and great knowledge of the game. So, if the Premier League or Bundesliga are your areas of expertise, you should start there.
Betting with your head instead of your heart is a golden rule that you should never break. Do your research and look at as many stats as possible, bar none. Bookmark your favorite soccer tips and stats websites and use that information to learn about trends in certain markets.
After a while, you’ll learn which teams win a lot of corners, which ones get the most bookings, and which ones give up a high percentage of matches. You will know which scorers usually score first, which players receive the most assists and which referees are the quickest to draw cards. All this knowledge can be used to identify betting opportunities.
Always keep a betting log
To know if your strategy is working and to identify areas where your performance could improve, you must keep an updated record of your bets from day one.
Even if your accounting skills are not great, you should have a basic record of your football tips. A betting log can provide you with a wealth of information, for example, which types of bets give you the best returns and which bets you should avoid or investigate further.
Your betting log should include:
- Bookmaker: who did you bet with?
- Match details: teams, stadium, competition, referee, etc.
- Match date: when did the event occur?
- Betting market: type of bet made and data about it.
- Odds: the best price that was offered.
- Bet amount: how much did you bet?
- Result: did you win or lose the bet?
- Performance: did you make a profit or a loss?
In addition, you should also reserve a space to take other notes that may be relevant, such as your reason for choosing the bet supported by the statistics you used and your data sources.
This may seem like a lot of effort, but you’ll appreciate having this information available for future reference. And it will help you develop your own success strategy. If you’re good with numbers and spreadsheets, you could even take this practice to the next level by expanding your own statistical database. You could apply formulas to identify whether or not a bet offers good value based on previous bets.
If you are thinking of skipping this step, remember that every successful sports bettor keeps a record of their bets. Learning from your mistakes and building your success with experiences is essential if you want to produce long-term positive performance.
Open more than one account
If you’re thinking of gambling on a regular basis, having just one betting account could cost you money every other week.
Soccer betting is all about margins. Therefore, you must maximize the return of each individual bet. And that means you have to have multiple betting accounts. If you spend your time studying statistics to find the best betting opportunities, it makes sense to place your bets with the bookmaker that offers the best odds. Otherwise, you’re just throwing money away.
You can increase your potential winnings by 10% or more by finding the best price for each bet you place. That could make the difference between a profit and a loss in the long run.
Find value bets
This is a slightly more difficult skill to master, but it gets easier over time. A value bet is one in which the odds offered are high in proportion to the probability of the outcome. The hard part is calculating the probability of the outcome. By looking at historical results and taking into account fitness, injuries and other factors that can affect the outcome, more experienced bettors can arrive at a baseline figure. The more statistical study you do, the more accurate you can be with your predictions.
A simple formula for finding value: If you calculate that a bet has a 60% chance of happening and the odds are Even (2.00), then we can use the calculation 0.60 x 2.00 = 1.20 to find the perceived value. As a general rule, if the result is greater than 1.00, the bet offers good value.
Manage your funds
Before you start gambling, you should set aside a certain amount of money that you can afford to lose without putting extra strain on your finances. Next, you must manage the money as if you were investing in a business.
This means betting small amounts until you hit on the right strategy. Even then, you should allocate your money sensibly across a variety of bets. And remember, there is no guarantee that you will make a profit, so it is important that you never bet more than you can afford. Even the most successful bettors follow a strict bankroll management system.
Know your strengths
As you gain more experience, you will begin to identify your strengths and weaknesses. You must be honest, self-critical, and prepared to change your strategy if necessary. If something isn’t working and there’s no obvious reason, stay focused on what’s working. Don’t waste time on failed strategies.
Watch out for bonuses
Online sportsbooks sometimes offer bonuses, promotions, and better odds on certain betting markets. It is possible that one of these offers covers a bet that you are considering. In that case, you could increase your potential returns by taking that advantage.
Avoid advice from people who know
If you get a tip about horse racing or soccer from someone at your local bar or a friend at work, don’t assume they know what they’re talking about. Always do the math yourself and make an informed decision regardless of the source that gave you the information.
Know when not to gamble
Sometimes it can be difficult to find a bet that meets your own strict criteria. In this situation, you may be tempted to bet anyway and choose a bet you wouldn’t normally back. This habit should be avoided. If a bet does not offer the correct balance of probability and value, then it is better not to bet.
Don’t spend all your earnings
When you win, you should treat the cash as part of your financing. Remember, you must think like a business person and any profits must be reinvested in your company. Of course, treat yourself to a small bonus from time to time, but try to avoid withdrawing all your winnings if you plan to gamble on a regular basis. Bankroll management is key to your betting success.