The present article is devoted to the most widespread mistakes of newcomers to bookmakers. Read the tips below, and you’ll never ever make such mistakes, which is going to help you to considerably increase your winnings. You should make bets intelligently and learn from other peoples’ mistakes.
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Nothing good will come out of the rush for small odds. Undoubtedly, it seems to you that these matches are so-called “dead cert”; however, such outcomes also have their probabilities. And they often fail. In addition, such bets are usually made to “polish off” the multiple bet in order to make the final odds higher. This is nothing but human greed that, as you know, will have a fall.
According to the probability theory, the probabilities of all outcomes are multiplied to calculate the probability of the simultaneous occurrence of all the events. Thus, if the probability of event No. 1 is equal to 90% and the probability of event No. 2 is 80%, the general probability of both events occurrence will be 0.9*0.8 = 0.72, i.e., 72%. The more events you include in the multiple bet, the less their probability is. However, you can disagree: “The odds are also getting higher!” That’s correct; the odds are actually getting higher. But they increase not that fast as the probability decreases. This happens because you forget about the bookmaker’s fee. The totesports collects 5-10% of the profit generated by each bet. And this fee becomes quite large after the odds multiplication.
Read also: Sports Gambling Glossary.
You don’t need to track a lot of sports and be an expert on anything. The half is greater than the whole. This rule is very useful for the gamblers betting at the bookmakers. To specialize, you should select your favorite sport but not the most profitable one. The main ingredient of success is a labor of love. If you like watching football, make bets on football. You don’t need to learn all baseball peculiarities just because its odds are higher. Such reasoning won’t lead you to the win. Watch your favorite matches and earn from them. By the way, if you want to get soccer bet prediction, we recommend that you follow the link provided and subscribe to the blog section updates.
Too many fortuitous factors appear in such matches. Those can be non-optimal positions, numerous substitutions during the match, no players’ motivation, attempt to avoid potential traumas, small number of fans and many others. The prediction of such matches outcomes is a very complicated task.
There is always a crowd of advisers at the bookmakers. Everybody “knows” how to make a bet and what you should bet on. Let me tell you that a punter who earns from sports would never reveal his selections or offer advices. It’s his bread and butter. Therefore, do not hesitate to avoid all advisers. Nevertheless, lend an ear to the information they provide but always check it before making a bet.
Read also: Odds Explained.
Select the best bookmakers. You should do so not least because the best bookmakers, who have a lot of clients, earn due to the large money turnover. They offer higher odds for sporting events, slightly reducing their profits in that way. Secondly, such bookmakers are reliable and very loyal to their clients. Many of them offer great bonuses, for example, up to 100% bonus of the amount deposited to one’s account, i.e. double the sum for new clients.
Multiplying selections increases the potential payout but drastically reduces the likelihood of winning, as each added selection brings its own risk of failure.
Specializing allows you to gain detailed knowledge and make more informed decisions, rather than spreading your focus too thin.
These matches are unpredictable due to experimental line-ups and lack of competitiveness, making them risky for serious betting.
Be wary of unsolicited advice. Successful bettors rarely share their insights freely without an agenda. Always do your own research.
Opt for reputable bookmakers that offer better odds and are known for their reliability and customer service.