Five Tips of Sports Betting Beginners
Are you looking for a pastime that is not only entertaining, but helps you earn some extra pounds on top? Do you love the thrill of watching games and rooting for your favourite players until the very last minute? Then you should definitely give sports betting a try. But how does one get started? Before investing any money, you need to gain at least some expertise so that you won’t make the typical beginners’ mistakes. To help you along the way, we have compiled a list of the five top tips for sports-betting rookies.
1. Find the Right Bookmaker
First and foremost, you have to look out for a trustworthy vendor. This means that the betting site of your choice should meet the following criteria:
- honours all placed wagers and delivers pay-outs promptly
- deals with funds and personal data in a safe manner
- provides an extensive customer service.
To play it safe, we recommend that you rely on sites like this one, where you will find great sports-betting advice in addition to current reviews of online bookmakers.
2. Choose Your Sport
Once you have picked an acclaimed website, it’s time to decide where you want to place your wagers, exactly. Possible choices include:
- football or basketball
- Formula 1
Which one is best for you depends largely on your level of expertise. The more you know about a sport, the more likely you will bet on the right outcome. Besides, gambling should yield just as much entertainment as profit. With that in mind, you want to invest in a sport that you enjoy watching on a daily basis.
3. Make a Plan
Starting from day one, keep a keen eye on your bankroll management. A thought-out plan helps you to calculate precisely how much money you can and should bet for any given wager. Many novices spend their entire bankroll in one single wager, which leaves them with nothing if they lose. To avoid that mistake, make sure to use only a certain percentage of your entire funds at once.
4. Stay on Top of Things
Apart from a bankroll-management plan, it is equally helpful to keep complete and detailed records of the wagers placed thus far. In doing so, you can easily:
- find out how much profit you make in the long run
- compare the success rate of different strategies
- increase your chances of winning for future bets.
Depending on your personal preferences, you may use different methods to keep records: A spreadsheet program like Microsoft Excel will do the job just as well as a pencil and a notepad. Either way, remember to update your notes regularly.
5. Don’t Go Overboard
When it comes to sports, emotions may quickly take over – especially when you are enjoying a lucky streak. But no matter how successful your bets may turn out at the moment, it is crucial to remain wary of possible setbacks. As the saying goes: You win some, you lose some. This holds true even for the most experienced gamblers. Hence, you should neither bet on a team just because it’s your favourite, nor increase your bet just because you won the previous round. Stay calm and collected and never forget to give yourself a little reality check from time to time!