If you are looking to make money from sports betting online, the explosion in online bookmakers available in the UK, and the popularity of betting exchanges, in particular Betfair, has meant that there has never been a better time to make regular, sustainable profits. If you are well prepared and disciplined, the following tips will help you make your sports betting pay:
1. Always obtain the best value
In exactly the same way as you would look for the best deal when buying goods, make sure you always look for the best available odds on any event you are betting on. Even a small overall percentage increase in the average odds you are able to bet at can be sufficient web3 betting to make the difference between long term losses or profits. Wherever possible, always take advantage of the “best odds guaranteed” offers which are now commonplace on horse racing betting at many UK online sports books. Simply put, if the odds on the horse you have chosen increase before the race is run, the bookmaker will pay out any winning bets at the higher price.
2. Less is more
One of the most common mistakes that will cause you to lose money when you are betting on sport, is placing too many bets. The serious sports gambler understands that there are many bets that are more favourable to the bookmaker, and avoids these, betting only when they feel the opportunity represents value. A classic example is the “each way steal”, a bet that puts the odds firmly in your favour, only occurs very occasionally, and is a bet that the bookmakers despise. There are many successful gamblers who base their betting portfolio around this one method which will statistically always produce a profit over the long-term.
3. Take a long Term View
In the same way that a days fluctuation in stock market prices is irrelevant in determining the overall profitability of a financial investment, a losing bet, day or week should always be kept in perspective. If you have done your homework, can prove the long-term profitability of a system, and stick to the rules, any losses should be viewed simply as an essential expense incurred in producing the eventual profits. This is especially important to avoid the mistake of chasing losses during the inevitable losing runs that occur in even the most successful systems.
The successful professional gambler will always approach their betting as a business, keep meticulous records and always take a long-term view of the accumulation of profits. The key will be in identifying the methods that will provide the profits, being disciplined in your approach, always obtaining the best value and sticking to the rules that are statistically proven to produce betting profits.