How to Profit on Betting?
Have you ever thought of making money from your favorite sport? It's a way to make a living for many people. Sports betting is very popular all around the world. It’s not an easy topic but if you are eager to learn, you will become an expert.
How not to lose money on betting?
Well, there are two main rules to know and follow in order not to lose much money:
- Don’t bet more than you can afford to lose
- Don’t chase losses
Sports betting over your head is a widespread problem among tipsters. You cannot risk all your money, because even having won once or twice, you still can lose everything.
Read more:
Money Management as the Key to Success in Betting
Handicappers: Who Really Benefits from It?
Betting on Baseball: Peculiarities of the Most Profitable Sport
Imagine you bet a certain amount of money and lose it. Then, you want to win them back and bet more and more money. As a result, there is a possibility that you will get your money back and win even more, but you can lose all your money. So, you are increasing the bet size to get back to break-even. This is called chasing losses and it’s another great problem.
How to win on sports betting?
Don’t be afraid – losing is not the only result in sports betting. Now let’s talk about winning. Here we will also need some math to understand everything. Well, you need to win 52,4% of your wagers to get money (if your wagers are $110 to win $100). This includes football betting like win/lose and over/under.
But this percent always depends on sports and matches. Let’s take baseball as an example. You can bet on chalks and on outsiders. If you bet on chalks (favorites of the game), you will need a higher winning percentage as the odds won’t be high. But if you decide to bet on an outsider of the match on which the odds are higher, you will need to win fewer wagers to win money.
It is believed that professional tipsters win about 70 percent of their wagers. Is this true? Of course, not! The proportion of their winnings and losses are 50/50 but everything depends on the volume of the wagers. That’s how they earn money on sports betting.
All in all, don’t risk, don’t chase losses and put up with the fact that you will not always win, you will also lose. Learn more about betting and you will become an expert.