Alright, I suppose that since you have joined us, you don't consider yourself to be a newbie in sports betting. Then why should you bother reading the rest of an article which is about the basics of it? Since you haven't navigated away from this page yet, perhaps it wouldn't be a waste of time to go through them once again and re-define your goals.
Out of a wide range of matches, anyone could make a handful of winning predictions, right? Wrong!
Most of us in our early days of betting used to think that Sports Betting is an easy way to make money. Some were thinking of some extra beer money, while others were dreaming about getting rich in the long run. That was of course before they found out that it's much more complicated than they initially thought.
A bookmaker and a prostitute have something in common; they are both aiming to screw you out of your money and leave you with a smile on your face.
It's probably the most decisive factor and should you add some discipline in your approach, you will see your profits grow bigger. I am sure that most punters don't really mind to lose a few bets, yet they hate losing their money.
Money management allows you to create a bankroll, come up with a staking plan that matches your needs and define your aims. Don't even try to bet more than you can afford, or else you might find yourself in a very unpleasant situation. Bookmakers like greedy punters and they love especially those who chase their losses, hoping to get their money back as soon as possible.
How can anyone define value? Theoretically when the odds are bigger than the actual possibility of an outcome, this represents a value bet. If you are absolutely sure what the possibilities of each outcome are, then you can easily recognize the value bets. In case you are not, perhaps you should look a bit further.
First of all, do you know all these leagues that you are betting on? Have you seen the teams in action this season? Betting on the English Premier League, the Italian Serie A or the UEFA Champions League is usually reasonable, but what about the Swedish Allsvenskan or the Greek Super League? I know that there are many punters who are willing to back a team that they don't even know its colors. Lady Luck never gives; she only lends!
Taking into consideration the opinion of a tipster with a proven record on a foreign league is another story. Otherwise, you should restrict your range of bets to the teams that you are familiar with. Keep studying them, learn their strengths and weaknesses, pay attention for any influential players missing and try to make objective assessments.
There will be many more articles regarding different kind of strategies in specific details. You should always be careful while trying a new one, in order to avoid some painful losses. It's never too late to learn something new and remember that all of the top-achievers are long-time learners.