How To Profit From Sports Betting
To make consistent long-term profits from sports betting, there are a few principles every bettor should take to heart.
Set aside a betting bank - Your betting bank or fund should not be money you need to pay the rent or buy next week’s groceries with. You need to set aside a sum of money – you can start with as little as £10 or £20 – which you can afford to lose.
Never bet more than you would feel comfortable losing - If a bet leaves you feeling uncomfortable, or you cannot stop thinking about it, then you are emotionally involved. It is better to bet mechanically, following a strategy, than with emotion.
Never chase losses - Losses are part of betting. Nobody wins every time. If you have a bad day, do not keep betting just to recover the loss. There will always be another match or race, and another opportunity. There's always tomorrow, or next week. It is long term results that count.
Keep betting system stakes low - If you are following a betting system, set your stakes low enough that you can absorb losses. Systems will inevitably involve a run of losing bets. You need to have faith in the system, and keep going until the winners arrive.
Be wary of accumulator bets - They are pushed hard by bookmakers because they are rarely profitable. They are hard to win, and the odds get more favourable for the bookmaker with every extra selection that you add.
Don’t bet on every event - Friendly football matches, novice horse races… the result is very hard to predict. Best to avoid betting on them. Choose the events you feel confident about.
Look for value in your bets – Is it worth betting on the favourite in a horse race? Statistically, the favourite wins only one out of three races. Why not bet on the horse placing, instead?