One of the keys to making money in sports betting is knowing how to manage money along with picking the right bet. If you don’t know about money management, even the solid handicaps won’t mean a thing. So, you are probably wondering what is the best way to know how much money to wager?
We’ve put together a list of the most important questions you need to ask yourself when deciding how much money to place on each game. It should help you to make a more informed decision and better pick than if you just followed the advice of a sports betting system.
How much is the best amount to bet?
- How much is my targeted return?
- What sports do I bet on?
- What is the risk/reward ratio?
- Do I have any known information that may impact the outcome of the match?
- What are the betting options available?
- What are the known betting options available?
- How do I cover the bet on a selection?
- What are the bookmakers offering me?
- What is the commission I pay?
- Is there any information available that the bookmaker may have regarding my bet?
Take into consideration that the more information you have, the better the outcome of your selections will be. You can also research the best odds available, which is important for abiding by the betting rules. However, it is important to understand that the information you have available only applies to the tip you’ve placed on the bet. Therefore, even though you have the best odds, without the right information it is almost impossible to challenge the bookmaker.
In conclusion, don’t bet it all on the most popular team. Make sure it is the best price available. To that end you need to shop around the various bookmakers and betting sites. Look for the best signup bonuses available, which offer you a free bet in return for a deposit.
Soccer is one of the most exciting sports to bet on. It offers a different view to viewing sports as well as betting on the outcome. For those who like to win, and win big, soccer is the place to be. When the draw does occur, nobody can afford to ignore the odds, or bookmakers, or the other gamblers on the exchange if you intend to win.
There are a number of betting methods available, such as betting that a team will win, or betting against a team to win, or betting for an over/under to occur.
Take the time to review its history for the wins, losses, records, statistics, key players, injuries and the statistics of key players to determine if it is the best pick for your bet.
The area of betting is a grey area for a reason – you can never tell what is going to happen. With so many unpredictable factors, people are always in the process of finding the best way to tell whether they have good enough information to make a good bet.
“The Power of the Pocketbook”
Also, because you are betting for the first time you need a little more exposure and a little more assurance. Generally speaking bookmakers spend less money on matches because they have a vested interest in making sure that every bet stays within the bounds of the law.
Bookmakers also work hard to ensure that they do not lose business to punters – or to people making speculative bets. They do this by giving odds on bets that are heavily in their favour – the intention being that you, the punter, will lose your money if the odds are heavily in their favour.
The bookmakers will for example, always offer a favourite to win the toss again unlike a really desperate punter who is likely to be betting for their survival.
Make sure you review the “Dewavegas” offered by the different bookmakers because they will be constantly changing, which will affect the odds that they offer – and also because the bookmakers may also change the way they are talking about the odds in order to attract more business.
The odds are always changing and it’s a lot easier to shop around for the best odds than it is to make serious money betting with bookies because they are not as focused on one area of the game, i.e. whether a horse wins or loses.
Where can you make serious money?
In the UK, many people work for the jackpot lotteries and some of them win quite big. Indeed, it is estimated that hundreds of thousands of people in the UK win the lottery every year. The majority of these winnings are quite small though, roughly on the order of tens of thousands of pounds worth of tickets.
You can however be lucky and win significantly larger prizes, again probably due to the frequency of the draws and the volume of players buying tickets in the run up to Christmas.