Congratulations for having access to this information. After reading this post, I believe that your approach to sports betting MUST change for better.
I am sure that you already know that the sports industry has enough wealth. Even if you don't know, the amount of money earned by football players should give you an idea.
You and I can actually earn money than most of these high-profile players. Yes, with the application of our wisdom.
Recently, I was wondering why MOST people who are into sports betting seems to be BROKE, even if betting is a very lucrative venture.
A lot of factors flooded my mind, so I also brainstorm on proactive solutions to the problems.
Before I go on to talk about the solutions, let me mention few reasons why stakers are always go bankruptcy:
(1). LACK OF ADEQUATE PLAN.
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There is a wise and popular quote which says that "If you fail to plan, you have already plan to fail".
Most stakers start sports betting and continue to play bets without any plan at all. If you argue me, simply go to a betting shop and ask few stakers about their betting plans. Am sure the answer you get will surprise you.
You will find out that most people goes into betting just for fun. How can you be throwing away your money and you call it FUN?
It is important to have a plan and focus on the plan. That is exactly what will guide you as you trade. It is your plan that will be the road map.
Things to include on your plan list are:
*The amount to invest daily, weekly and monthly.
* The size of achievable profits
*The trading system or betting strategy to trade with. This tells how many odds to bet on your tickets.
*Trading accountability.
(2). LACK OF PATIENCE
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Another major problem eating away the resources of stakers is impatience. Every staker wants to make big profit within a small time.
Things do not work like that. Take for instance, the law of nature centralizes on timing. Plants and animals grows with time. You cannot plant a crop and expect to harvest it immediately. Babies cannot begin to walk same day that they will given birth to. As a matter of fact, it takes nine months for a baby to fully mature in the womb. Why then do you think that same principle does not apply to businesses, including sports betting?.
It is lack of patience that makes a staker to aim for hundreds of thousands and even millions on a single betslip. In most cases, many games will be accumulated as much as 20 or more.
If you have been doing it this way and it's not working, you need to change your approach as to get a different result. Don't be in a hurry to make millions, instead grow your profits gradually with time.
Patience is a key factor for achieving success in sports betting. You don't need to hurry, because the betting market is abundant daily and weekly. Enough sports to trade on are always available.
(3). CHASING AFTER LOSSES
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The last on my list is that most stakers try to get back their losses almost instantly.
When a bet is lost, the instinct to fight back and recover rises. At this point, your emotions directs your thoughts and actions to place more bets for a recovery.
Speaking from experience, at this point, all your mind tells you is that you will win your next bet. Your reasoning does not see risk and danger anymore, because your emotions has now taken over the course.
Ultimately and unfortunately, your losses grows higher, and you become more desperate to get a recovery. This is the point where a staker does more harm to his bank account, and may even run into serious debts.
Reasonably, all these losses and debts would have been avoided, if you accepted the first lost and plan for another trading day.
Now that I have mentioned few of the problems, it's time to look at the solutions, so we achieve success in our sports trading.
TREAT SPORTS BETTING AS A BUSINESS INVESTMENT.
Every business can become successful, if things are done the right way. This is a major reason you must understand your business.
Read through the following steps on how you can treat your betting as a business.
(A). BUILD YOUR KNOWLEDGE
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The first step to every business is to know about the business. You need to know at least the basics of sports betting.
Although you don't need any special training or an institution to attend, it is equally important to ask those who are in the business to guide you, especially at your starting stage.
You need to know the following:
(1). The products:
The product refers to the different types of sporting events which includes: Football, Basketball, Tennis, Volleyball, virtual sports, Zoom soccer, in play events, etc. There are a whole lot of different games to play daily. Games are never in scarcity, because sporting events takes place every day around the world.
(2). The available markets:
A knowledge of the betting markets is very important. There are different markets available in any sporting events. In a football match, these includes:
*The goal market
*The 1x2 market
*The cards market
*The corner market
*The correct score market
*The first half market
*The second half market
*The goal scorer market
*The home/Away market
*The combo market, etc
(3). The available options:
Every market has options for selections. For example, the goal market has many options which includes:
*Over/under 0.5 goals, 1.5 goals, 2.5 goals,etc
* Goal Goal/No goal
*most scoring halves
*half time goals/second half goals, etc.
(4). The value Odds:
Every options in any betting market has their odds attached. The odds tells us the VALUE of the option.
It is important to know here that our profits depends on the Odds value of any market option.
For example, look at the match below and their odds for the 1X2 market:
Arsenal vs Man Utd
Home win (1) = 2.50
Draw (X) = 3.45
Away win (2) = 3.10
If a staker decides to buy "Home win (i.e Arsenal win)" having a market value of 2.50 with an investment of N10,000, his winnings will be calculated as:
2.50 x N10,000 = N25,000
If Arsenal wins the match, the staker will be making a profit of N15,000 after removing his investment.
So, it is the odd that shows the value of the market.
(B). PLAN YOUR CAPITAL
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Your invested capital in sports betting is commonly known as "bankroll".
Every business must have a capital. Very fortunately, you can start your betting business with small amount. This is because you don't need to rent a shop, pay light bills, transportation fees, etc.
All you need is just your smart PHONE that can access the internet, and the MONEY to trade with. In most cases, you can do your bookings in any bet shop close to you, if you don't have a phone.
You can start your betting business with as low as N5,000 (five thousand naira). With proper self control and management, you can actually earn as much profit as 100% ROI on the N5,000 investment weekly, if you trade on as low as 1.20+Odds in five days per week. See the calculations below:
N5,000 x 1.20 = N6,000
Profits: N6,000 - N5,000
= N1,000
Profits in 5 days:
N1,000 x 5 = N5,000
ROI = 100%
This means that your N5,000 can grow a profit of N20,000 per month, if you are careful to generate just 1.20+Odds daily for just 5 days per week.
(C). GETTING YOUR ODDS
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The two most important factors in sports betting are:
(1). The bankroll (capital)
(2). The Odds
Your trading cannot be done, if any one of the factors is not available.
We have talked briefly about the capital, let's look at how to get your odds.
Basically, there are two ways to get your betting odds:
(1). PREDICTING BY YOURSELF
(2). BUYING ODDS FROM PUNTERS
(1). Predicting by Yourself:
The first method of getting your daily odds is to predict the matches by yourself.
You bring in your knowledge about the countries, leagues and teams to help you make the right choices.
There are few things that can help you make good choices, especially if you are a beginner. These includes:
*Statistics of teams playing.
You need to find out about the teams playing. Their previous matches and head-to-head meetings.
*Check league tables.
Every league has their table which gives important information at a glance. Such information includes:
"Individual teams positions
" Matches played
"Goals scored/Goals conceded
" Points of the teams
*Take advantage of the Bookmaker's odds.
Bookmakers are those companies that gives odds to bookies. They fix the odds of various sporting events and their different markets and options. They also configure the virtual softwares and customize them to any brand.
A popular bookmaker is "Sportrader".
The Bookmakers have sophisticated tools and softwares at their disposal. They hardly make mistakes. The odds given by them actually reveals the value of those markets.
Taking advantage of the Bookmaker's odds simply mean to make your decisions in line with their knowledge.
For example, if the match between Man City vs Fulham has the following odds given by the Bookmakers:
Home win (1) = 1.45
Draw (X) = 6.75
Away win (2) = 11.50
From the above odds given by the Bookmakers, it is very clear that Man City is the favorite team, while Fulham is an underdog.
Each time you see odds like this, always know that the stronger teams has the smaller odds, while the weaker team has the bigger odds.
This knowledge is also applicable in the different markets and options. Smaller odds reveals higher possibility of the probability. For example, if a match has the following odds for a goal market:
Over 2.5 goals = 2.25
Under 2.5 goals = 1.65
From the above odds, we can conclude that the match will not have much goals, based on the Bookmakers odds.
Leagues that have higher scoring probabilities are always given smaller odds for their over 2.5 goals, while those with smaller chances of scoring goals are given higher odds for their over 2.5 goals.
*Have knowledge of good prediction websites and apps.
Another tool that can help you when preparing your trading odds is your knowledge of good prediction sites.
Most prediction sites put in a whole lot of efforts to prepare tips to the public. This does not mean that every single tips provided by them will always win. You still need to use your wisdom to pick few among their tips.
Also, you can consider the tips given by some betting apps. If you visit "playstore" and search for betting prediction apps, thousands of prediction apps will come up.
Take your time to go through the performance of few of them and download one of two to your smart phone. Their tips can help you in some ways.
(2). Buying Odds from Punters:
The second way to get your betting odds is to subscribe from good punters.
There are many punters who knows the safe markets and options to trade. Equally, they know the Leagues to trade when predicting goals, draws, etc.
However, you need to be careful when subscribing for Odds, because many of those selling betting odds are scammers. Many stakers have wasted money to scammers in search of buying games, especially correct scores.
They tell you that the matches has been fixed, but it is not. Very soon, I will make a post on how to identify fixed match scammers.
I can't recommend any source in this post, but you can relate with me through any of the social media platforms for that purpose.
(D). FORMULATING YOUR STAKING PLANS
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Staking plan simply refers to the method you use for your trading. It's also referred to as "Betting Strategy" or "Betting System".
There are many types of staking plans that has been invented over the years.
I will talk about only 3 in this post, then later on, I shall make a separate post about more types of staking plans.
(1). Fixed Staking Plan:
In fixed staking plan, the amount of your stake is always the same over a period of time. You don't increase and you don't decrease, whether you lose or win. This type of plan is also refer to as "Turnover Plan".
For example, if your bankroll is N10,000 for 10 days trading, it means that your daily trading will be N1,000 per ticket.
(2). Rollover staking Plan:
In this type of betting plan, the winnings and the capital are used to stake the next game over a period of time.
For example, if you stake your first ticket with N1,000 on 3.5 Odds, your winnings will be:
N1,000 x 3.50 = N3,500
When rolling over, it means that your next stake amount will be N3,500. This staking plan is very suitable in using small amount to win huge money. However, the risk is that all previous winnings will be lost, if you encounter any lost before concluding your Rollover.
(3). Martingale staking plan:
In the type of staking plan, you double your stake after a lost, until you hit a win. This means that your stake amount will progress.
The important thing to do when using this strategy is to determine your base staking amount. This is because your next bet will be double your of your first betting amount. The calculation below will give you a clearer understanding of the martingale strategy:
Bet 1: N200 = Lost
Bet 2: N400 = Lost
Bet 3: N800 = Lost
Bet 4: N1,600 = Lost
Bet 5: N3,200 = Lost
Bet 6: N6,400 = Lost
Bet 7: N12,800 = Won
Bet 8: N200 = Lost
From the calculations above, it clearly shows that your stake will keep doubling until you hit a win. The strategy is very good, if you don't have long losing streak.
The only disadvantage is that it needs huge capital when the losing streak is long.
(E). ADDITIONAL FACTORS.
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*Keep records of your trading, so you can know your progress and adjust when necessary.
*Master your emotions so that it does not affect your decisions when trading.
*Establish your own trading rules and stick to them. Avoid the temptations of going against your rules.
For example, you can decide not to accumulate more than 3 tickets on your betslip. On weekends, you may see several good matches, but you have to resist the temptation and pick only 3 matches.
In summary, always note that when you are serious with your sports trading, the rewards can grow hugely.
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