In case you are looking to make money from sports betting online, the explosion in online bookmakers obtainable in the UK, as well as the popularity of betting exchanges, in particular Betfair, has meant that there has never been a more suitable time for you to make regular, sustainable profits. In the event you are well prepared and disciplined, the following tips will assist you make your sports betting pay:
1. Always obtain the very best value
In exactly the same way as you would look for the top deal when purchasing goods, ensure you always look for the most effective available odds on any event you are betting on. Even a small overall percentage rise in the common odds you are able to bet at can be sufficient to make the real difference between long-term losses or profits. Wherever possible, click always make use of the “best odds guaranteed” offers that are now commonplace on horse racing betting at many UK online sports books. To put it simply, in the event the odds on the horse you’ve got chosen increase before the race is run, the bookmaker will pay out any winning bets at the larger price.
2. Less is more
Among the most common mistakes that can cause you to lose money when you are betting on sport, is placing too many bets. The serious sports gambler understands that there are plenty of bets that can be more favourable to the bookmaker, and avoids these, betting only when they feel the opportunity represents value. A classic example will be the “each way steal”, a bet that puts the odds firmly in your favour, only occurs very often, and is a bet that the bookmakers despise. There are many successful gamblers who base their betting portfolio around this one method that can 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 often be kept in perspective. Should 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 being an essential expense incurred in producing the eventual profits. This is especially important to avoid the mistake of chasing losses throughout 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 can provide the profits, being disciplined within your approach, always obtaining the top value and sticking to the rules that can be statistically proven to produce betting profits.