Looking for answer what are your expectations and motivations for the betting business, at the end of the day think about two questions – What is your goal? Why are you doing this?
So, there is nothing revealing when focusing on the reasons:
1 Fun, Emotions
2 Win, Profit, Money
Thinking closer to point #1 if you like feel emotions, be fascinated with the spectacle, you are primarily guided by intuition, the voice of the heart or club sympathy. It doesn’t matter if you lose or earn, it’s important to have a fun. There is nothing more than wish you good luck, nice fun and great successes.
But, taking into consideration the second point, the matters gets a bit complicated.
If your plans are to keep long-term profits, you need a proper strategy. In this case, Gambling / Betting is treated in the same category as other investment areas like stock exchanges, real estate, banks. Having the right strategy and of course following it, we can safely say that Tipster plays the same role as investor. There are fundamental differences between the classic methods of raising capital and betting, the most important Pros&Cons are:
Pros of investing in a bookmaker:
– Very quick return on capital paid, even an hourly periods, associated with the settlement of betting tips. There is no issues with monthly periods or years followed by a return on investment (dividend).
– Immediate payment of winnings. No delay in realizing the profit compared to the annual dividend payments (if implemented at all), the time-consuming process of selling shares, bonds, real estate. There is no way to freeze capital in long-term deposits.
– Very high rate of return from betting, oscillating very often above 50%, 100% and more. Compared to average profits, 20% – 30% from classic investing methods.
– In-depth knowledge of investing, finance and markets is not required for gambling business. Depending on the investment strategy used for betting – the basics of math is required, long time spent looking for information, reliable data analysis are sufficient to start gathering returns on capital. The methodology of valuable tips presented on the Bettinglex website, describes step by step process in finding good bets proceeding with them, giving the appropriate stakes, so the capital you contribute has the greatest chance of multiplying.
– Without choosing the betting strategy, it’s required to find target of your gambling behavior. Giving the money to a bookmaker, it is very easy to succumb to temptation and emotions and finally bet on events without any real arguments. For sure each of us have bet on a must win tip who simply had to “enter". What was next .. well.
– Rebound after losing and place a bet with all capital is the biggest risk that players are often exposed to. It is good practice to divide your money and put a maximum of 10% on one bet.
– Despite the fight against corruption and “gray zone”, there are events called fixed games, or combined bets. Unfortunately, despite all the arguments in favor of one side, the other wins – that’s the challenge in gambling world . It should be remembered that sports factors do not always determine the outcome of a game. On the other hand, having this knowledge you can consciously use it by investing capital accordingly.
– Next minus is the taxation of the capital contributed in bookmakers’ bets. The operator collects margins, usually 10%-20% from each bet, which reduces potential winnings.
– Another cons are the huge rate drops on favorites by a dozen percent. Bookmakers reduce odds for events with value. In such situations, the hours / minutes decide to place a bet. There is a big margin to fight for because 90% profit drops to 10%, so after that there is no sense to bet.
What should be taken into consideration in order to bet more effectively?
Do not watch the events for your bets – it sounds strange but there are many reasons for this. First of all, you will not be guided by emotions, you will not be stressed. In a case of a negative result, you will be willing to withdraw during the game invested capital. Many bookmakers have withdrawal options before the end of the match, obviously losing a significant amount of money. It is definitely better to wait until the end, because it often happens that the last minutes of the match are decisive. Another argument is to use this time more productive by looking for the next events, unless you bet on your favorite team and you ate watching for pleasure.
Use tools, archive your results and learn from the mistakes (preferably not yours). Utilize excel tool for calculation, use websites like Bettinglex to track your progress and place your sports analysis. Mathematical formulas – unfortunately you need some basic knowledge of math. Profit, Loss, Winning probability, Yield are basic terms to be familiarized with. You will find this explanations in Bettinglex articles. Also Ranking of Tipsters gives you an overview on statistics, publishing a bet analysis in our database will keep you on track in chosen betting strategy. Using our resources in the long term, you have a chance to not deviate from the chosen strategy when you want to put all capital on favorite team.
Analyze different points of view for the same event. There’s a lot of examples when Tipsters evaluate the same event differently and even can indicate a different winner. In extreme cases game results are set before start of entertainment (fixed games) and having this information Tipsters can place a bet appropriately. Personal Tipsters situations also have grate impact on stake and winner estimation. Let’s Imagine that some people need fast big money, they’re lost a lot in previous bet, they need to improve their betting statistic, so in this situations they are willing to set higher stake and bet much, much more that in “normal” circumstances.
Tipster sport specialization, access to information from cloakrooms, private tendency to risk – those are the next addition circumstances which have an immeasurable impact on staking the bets.
At this point it is necessary come back once again to the methodology of valuable tips described on Bettinglex websites. By applying presented solutions into your daily betting world, it can prevent you from the influence of subjective opinions of Tipsters when you are giving the stake on bets.