If you want to make a lot of money, you need to know how to do it right, avoid the mistakes of beginners and set the stage for future earnings.
Tip #1 (most obvious) – Only bet what you can afford to lose.
If you’re going to start betting, you’re probably thinking “well, I’ll just deposit $1,000 on this site and start betting”.
But it’s more complicated than that. There are lots of sites, with different odds – so it’s a good idea to sign up to several of them. In addition, each site offers a sign-up bonus to encourage you to join. Your first deposit should take this into account.
But most importantly, your starting capital. You have to decide how much money you want to invest. This is the amount that will determine the amount of your bets.
In general, it is recommended to bet only 1% of the bankroll (the capital). 1% doesn’t sound like much, but it’s enough to cover your losses.
And you will have losses, believe me. Sometimes weeks of continuous losses. So if you bet 10% of your bankroll every time, it will melt like snow in the sun and it will be the end of your professional betting career.
So, the first and most important tip I have for sports betting is this: create a bankroll that you can eventually lose.
And control your bankroll by betting only small amounts (1% or 2% at best).
Tip #2 – Accept that you will lose bets. A lot of bets.
Losing bets is a part of betting life. It is a normal part of betting life. Some people will lose more bets than others, depending on the bets you make.
But you have to be prepared to lose. You just have to be prepared to lose. Because it will become part of your daily life.
No professional bettor wins in the long run with 80 or 90% of successful bets. The pros are more like 40 to 60%, which is not bad.
Because unfortunately (or fortunately) you can’t predict the outcome of a match. You can’t. Unless you have paid the sportsmen themselves. So a lot of parameters come into play and will influence the result of the game. Parameters that you can’t control. Luck, too, sometimes.
So much so that sometimes, despite all the sports betting advice you’ve read, you’ll make a series of losing bets. A lot of them. Maybe too many for your taste.
Tip #3 – Control your emotions.
A good bettor controls his emotions.
Even if you’re a Marseille fan, you’ll be able to bet on PSG when the context is right.
Even if you are on a big losing streak, you will remember my first sports betting tip and continue to bet only 1% of your bankroll instead of trying to recover and bet 10% at once (which you will probably lose).
Controlling your emotions is one of the keys to making money in sports betting.
Tip #4 – Choose your bookmakers well
You were probably expecting this 4th sports betting tip.
Choosing the right sports betting site is crucial.
From a distance, all sites look the same, but when you start looking for the little beast, each site has its specificities, its sports where it excels.
There are sites with a more interesting and less restrictive welcome bonus.
Sites with a nice app for your smartphone.
Sites with excellent odds.