These sports betting rules must be observed. In this report, I would like to present the ten most important rules for successful sports betting to betting beginners and possibly also experienced betting enthusiasts. We present you the best sports betting guide.
1 ) Strategy is everything
If you want something done right, do it yourself: who doesn’t know this saying? It takes a lot of time to look for value odds or to estimate them reasonably.
Explore your personal strengths, which means, in plain language, that not everyone is good at soccer odds, or that you are unlikely to be successful with a normal three-way bet (1X2), but all the more so with a two-way bet (12). Once you have found your personal strength, you should only use that. If you can’t find any interesting odds on the current betting market on certain days, then it’s time to take a break. This will also teach you to be disciplined.
2) Mathematics as a basis
Mathematics is essential for success in sports betting. Since no one can predict the outcome of an event, the odds (and thus the percentage outcome) are the most important prerequisite for successful sports betting. It is important to have a rough idea of the probabilities of the odds that occur frequently.
3) Money management
a) Decimal – The most common form of representation in this country (1.9 means that if you win, your stake is multiplied by 1.9),
b) As a fraction – Widely used in England in particular (11/5 means a net payout of eleven fifths of the stake; this corresponds to a decimal odds of 3.2),
c) American odds – Widely used when betting on American sporting events (-110 means that you have to risk 110 to win 100; in decimal odds, this is 1.91).
6 ) Understanding value
“Value” is a term that haunts the world of sports betting, yet some bettors don’t know what value actually means, and that it is only value that can make sports betting a profitable endeavor in the long run.
Value translates as “worth,” but in the language of sports bettors, it is understood as “added value.” Added value in the sense that the bookmaker’s odds for a particular event are set too high. The bookmaker’s odds should always be weighed against your own assessment. For example, if I think Team X has a 50% chance of winning a game, then the fair odds for that would be 2.0 (= 1/50*100). However, a bookmaker offers odds of 2.30 for the win, which corresponds to a probability of winning of 43.5% (= 1/2.30*100). If my assessment of the probability is better than that of the bookmaker, then I have just found a “value bet.” Of course, value bets can also be lost—in the example mentioned, with a truthful assessment of 50 percent.
Playing value bets does not mean that you win every bet. The long-term perspective is important. Because if my assessment is better than that of the bookmaker, then I will inevitably make a profit in the long run.
Even odds of @1.20 can be a value.
7 ) Find the best odds
Since the odds always represent the percentage chance of winning minus the bookmaker’s margin, finding the best odds is a very important prerequisite for success in sports betting. You can find a good odds comparison on Wettbasis.
8 ) Don’t let your emotions get in the way
Very important: personal feelings or so-called fan bias are completely out of place. Even if your favorite club is playing, you should make a careful and reasonable assessment and not evaluate or dilute the odds through fan bias.
9 ) How many betting providers in your portfolio make sense?
As a betting pro or beginner, you absolutely cannot afford to give away money (=odds tickets). Whoever offers the highest odds gets your bet; it’s that simple. Prerequisite: The bookmaker is known for working seriously. Of course, it also depends on the available starting bank, so you can roughly say that you should include at least 3-5 bookmakers in your personal portfolio. The selection also depends on your sporting preferences. For example, US sports such as baseball, basketball, and NHL ice hockey have their own specific bookmakers, whereas soccer offers a wider selection.
10 ) Watch out for black sheep
Unfortunately, there are some black sheep among bookmakers. Before you decide to register with a bookmaker, it is important to obtain information about them beforehand. There are threads about these black sheep in various betting forums. As a forum member, you can also ask questions directly to the community and get personal feedback. The bookmakers listed on Wettbasis.com are all reputable.
Whether you bet just for fun, to look forward to a combination bet at the weekend, or bet professionally, without following these 10 strategies, it will be difficult to make a profit at the end of the year. I wish you continued fun and success with your future sports betting.