Some key points can develop your betting techniques
Although this may seem boring at first, know that it is a great truth: there is no good bettor without a lot of method and study. In practice, some tips to improve your bets can make you review some concepts and improve your analysis.
Odds, variance, long-term value creation. If all this still seems strange to you, check out the following tips. Although they are simple, they can help you a lot in your trajectory as a bettor.
1. understand basic mathematics
If you have ever said the phrase "I don't like math, but I love betting", something is wrong. Either you like and understand mathematics and didn't even realize it, or else betting is not for you.
While many players can achieve success by
sweepstakes business instinctively or "on luck," to achieve long-term success you need a viable betting plan.
Thus, it is fundamental to understand concepts such as probabilities, variance and others, essential to the gambler's routine. In short, betting relates all the time to numbers. Certainly, understanding basic mathematics is paramount.
2. Develop the ability to fall in love with the "ugly duckling
It sounds like a joke, but you will find that this is true. The more we bet, the more we fall in love with the teams that nobody likes. In fact, the good bettor feels more comfortable with a potential bet, the "worse" it seems to the majority.
The less the general public likes a team, the more the good bettor is interested in it, because he takes into account its potential value.
If a team that may have done well for a long period, has a bad run of about 4 or 5 games, the average bettor will leave. Then, just wait and the value of that team will increase.
3. Don't get attached to the past and don't celebrate for a long time
Don't let a failure upset your evolution as a bettor. Just forget about it, focus your attention on your analysis and know that everything can change.
In the same way, don't let a series of victories give you a false courage and lead you to risk too much without the proper analysis.
Always stand firm with your analyses and follow a consistent plan.
4. Don't wait for "the big score
Multi-bets, parlays, teasers, or whatever you call them. Study well when to do or not to do these types of plays. Sure, they offer the promise of the big score, the "big day".
However, unless you have done your analysis and found true value, don't bet in this way inadvertently.
For example, if you place a multi bet of 4 legs and get full price to money odds of 2.00 for each leg, the odds for the multi bet will be 16.00.
Now let's look at a real-world example. Say you are offered 1.90 for 'even money', with the bookmaker taking 5%: the odds on that same multiple of 4 legs would be just 13.00. This represents almost 19% of the total bet price.
But if you locate true value, multiples can be a good deal as you multiply the value on each leg.
So it is clear that the issue is to locate true value. Everyone who adds a leg to a multi does so because they believe they are finding value.
Nobody bets odds that don't represent value. But the key to creating value in a multi is precisely finding its true value. Otherwise, you are just decreasing your chances of success with every mispriced leg you add.
5. Take the long view
This is one of the most important tips for improving your betting. You need to necessarily think long-term. Build up your betting bankroll, constantly increase the amount you bet on each game, and soon you will see that you are making reasonable money.
Who knows, if you improve yourself enough, you may one day make a living from sports betting.
Never forget: betting, like any other form of serious investment, is a marathon, not a simple race. This means that it will take time for your bankroll to grow.
If you are patient and successful, the effect of compound interest will be on your side. What seems like a painfully slow growth at first, can end up acquiring a very interesting exponential dynamic.