Statistics show that more than 90% of bettors at online bookmakers lose money. In addition, only a small fraction of the vast majority of players can give a good answer to the question of why they are permanently losing.
If players do not realize that they are making the same mistakes again and again and do not react correctly, their capital will quickly decrease and turn online betting into a very expensive hobby. Look carefully at the following 10 tips. They can help you make money from your online bets. But before you make money, you must first stop losing it!
1. Use money you don't need
Money set aside to pay rent at the end of the month or your daily basic needs should not be put at risk in any hobby, including sports betting. Set aside a predetermined amount of money for your entertainment - Money that you won't regret much if you really lose it. This will protect you from the psychological pressure of losing your family budget resources. One of the surest ways to lose money in betting is when you are constantly worried about losing.
2. Don't bet when there is nothing to bet on
How many times you wondered what you can bet on tomorrow, just to see that there are only a handful of matches available, each of which you have no idea what they are about?
Even when the "inner feeling" tells you that you still have to bet on a few events, you should shut down your computer immediately. There will always be another day - a day with more options.
3. Don't often bet on futures and columns with many selections
If you are wondering how to get rid of your money quickly, always place bets with very high odds. Why not bet that Ludogorets will win the Champions League? Yes, sometimes miracles happen and teams like Leicester can win the Premier League of England, but this is a one-in-a-million event and it should not be a leading thought when choosing how to bet. The same applies to straight columns with many selections and very large odds. Betting professionals avoid the big accumulator bets in any way and stick mostly to single bets.
4. Do not let previous results mislead you
Once you are a profitable player, do not become a losing one with reckless actions. Often, once someone starts to make money, they start to think that they can afford to take higher risk. On the other hand, poor performance can affect our betting attitude and make us bet more wisely. A recent series of losing bets will undoubtedly shake our confidence and force us to bet with more caution. Learn How to overcome bad betting periods.
5. Don't change your bank management plan for no reason
In fact, it's important, at least, to have a bank management plan in place. Read more about How to Manage Your Money in the Sports Betting World. Even after they have put in place a strategy for managing a bank, many people just not follow it especially when it comes to get back money they have already lost. Randomly increasing or decreasing the size of your bets can jeopardize your overall plan.
6. Always record the results of your past bets
Bets Monitoring will tell you in detail how you performed over a period of time, as well as whether your chosen strategy is working or rather needs adjustments. In addition to the obvious advantage of being able to evaluate the effectiveness of a strategy, in some cases it is also an effective method of understanding how expensive hobbies can be. Many people are permanent losers at online betting, but they don't really realize it. Some losing players even think they are winning from betting. This is due to a psychological phenomenon whereby winnings leave a far more lasting imprint on players' minds than losses.
7. Don't play when you're in a bad mood
Whether it's a quarrel between friends or family problems, a bad day and a bad mood will surely make you irritable and distracted. This is not the right time to sit at your computer and start betting online. A walk outside will save you money and help you find the peace you need.
8. Don't pay imposters
Many people lose a lot of money from bets, and most of them do not even go to the bookmaker, but give them to "specialists", promising 99% success rates over 2.00 odds. Such can be found in abundance on social networks such as Facebook, and even worse is that many players catch their fishing line and give them money. If someone were able to have a 99% success rate of odds over 2.00, he would have long retired and would not tthink of making a Facebook page and selling his predictions. Don't trust them and if you are going to lose money from bets, let it be the conventional way.
9. Be careful when placing bets
Have you ever messed up the fields for the desired odds and size of bets on Betfair Betting Exchange? So instead of betting € 10 on a 500.00 odds, you bet on € 500.00 on a 10.00 odds? Or do you bet on the winner of the end result in a Tennis Match when you actually wanted to bet on the winner of the set? These cheap mistakes are always expensive and you should not make them.
10. Do not bet without comparing odds
A bet of a 2.00 odd may be a good option, but would the same bet be a good option at a 1.70 bet? Betting on just one bookmaker, just because it is yuor favorite, is not enough to be a profitable player. Always look for the best odds and open accounts on several betting sites.
By following these tips, you should be able to significantly improve your betting performance. In the worst case scenario, at least reduce the losing bets and minimize the losses.
