Before betting on sports, inexperienced bettors need to choose a reliable betting provider, decide on a financial strategy and improve their professionalism by avoiding haphazard betting.
Analysis of betting shops
When choosing a betting company, you should not be in a hurry. Make sure that the betting company is licensed and registered with the IPOIS (Interactive Betting Centre).
Also, a beginner bettor should check the bookmaker’s website and read the following sections:
- sports available in the line, the list of events, the spread;
- bookmaker’s office rules;
- Deposit and withdrawal options, terms and limits;
- promotions and bonuses for new registered users;
- client feedback.
Additionally, you should try to fill out a betting slip, make a live bet, and calculate the commission (margin) for the sports events and championships you are interested in.
Before you start betting, it is a good idea to get to know the experiences of professional gamblers, their tricks and how-to’s.
How to choose a financial management system
Gambling bankroll management can help you avoid quickly losing a large sum of money, which is a common problem for beginners.
Professional gambler J.R. Miller, who became rich through betting and became world famous, has a standard approach: you can bet a maximum of 1% of your total deposit. At the same time, many bettors adhere to a freer style, but the main thing is to play only with “extra” money. Spending money that has been set aside for repairs, medical treatment, etc., as well as taking out loans for betting, is not allowed.
Betting Principles
Every player has his own tricks, but there are some general betting principles:
- steadfastly follow your chosen strategy: this will avoid haphazard betting, leading to large losses of money.
- Analyse the profitability and ROI of the game from time to time;
- To avoid odds of 1.20-1.40 (With a lot of bets on favourites, you have to raise the odds to 1.80-2.20 for individual totals and handicaps);
- Analyze expert and analytical sports forecasts, adapting them to your personal strategy.
It is also useful to study the social media profiles of athletes. Information about how motivated the players are for the upcoming tournament can help a lot in winning.
Newcomers often encounter scammers, who promise to sell “guaranteed” ways of earning money, “win-win” strategies and “ready-made” match-fixing results. Such people should always be avoided.
How not to become a gambling addict
Many bettors run the risk of becoming addicted to gambling. It is a disorder in the form of pathological addiction to gambling, which leads to problems in family and personal life, at work, and in society.
To avoid becoming a problem gambler, the following should be kept in mind:
- When choosing a betting strategy, a limit should be set on the amount of money that can be spent in a specific period of time (per day, month, quarter). A limit can also be set on the number of wagers.
- You should not wager on unsuccessful bets.
- If you suspect an addiction, see a psychologist or someone close to you.
Remember that gambling cannot be your main way of earning money.