KYE – Know Your Event
The main rule is to bet only on those events that you know – not only heard that, for instance, this team is the favorite and wins the absolute majority of its matches, and that one does not really have any chances, or you have the championship table in front of you and believe that it is enough; but you possess sufficient amount of information about the teams’ current form, tournament positions, tasks and condition of the leading players, etc. The more information you have, the more objective will your match analysis be, and the more chances you have to choose the right outcome for your bet. Continue reading »
Preventing Losses
In order to achieve this he has to artificially lower the coefficient for the favourite. The bookmaker does not know in advance how the bets will be spread, but the thing he knows for sure is that the players will put the ‘load’ on the favourite; therefore, he exaggerates the favourite’s chance to win to stay on the safe side. Here two kinds of options are possible: either raise the win probability, so that it would turn out to be a greater percentage than that of the bets on the favourite, or make the win probability smaller on the contrary. Let us assume that the bookmaker has decided to place the following coefficients: Continue reading »
The Revenue Generator
Bookmakers operate with a sole purpose – to generate revenue. Actually, in spite of the common opinion, a bookmaker’s gain does not depend on the number of lost bets, but on how well the coefficients are chosen. What is meant by “well”? It means that every, even the most unexpected outcome of an event has to leave the bookmaker better off. Continue reading »
…Your Chance to Win
When you are winning, do not imagine yourself as being unbreakable and raise your bets dramatically. Continue betting as much as before and remember that even though winning appears to be easy for you for the time being, losing everything you won is a lot easier. If you are on your game, it is reasonable to utilize that; however, do not forget that your chance to win remains only a chance, even if the course of action is thoroughly thought through, and that it is easy to lose control of the situation. Continue reading »
Be Careful Winning
Make it clear for yourself – why you are playing. Many people place bets just so that a football match or any other sports event would become more interesting to watch on TV, and that is alright. They do not care much about winning or losing. It is just a way of spending time and having fun, therefore, such people do not bet on sports on a regular basis. On the other side of the scales are professional gamblers who bet with a purpose, a goal to bet and win and win big. But what happens when a person playing just for fun starts to win? Continue reading »
Estimate the Risk
In sports gambling, as in life itself, it is very important to set a goal for yourself. If you have no goal in your gambling against bookmakers, it can end tragically for you. You can start betting every day, you can begin betting large amounts of money to cover previous losses, you can start betting thoughtlessly and all of that can lead to very unpleasant consequences. Hence, you have to think some things through first. Continue reading »
Choose the Right Strategy
Having gone trough the first stage and played it enough, you can try going to a new, more serious level. Evaluate your financial, intellectual and psychological capabilities, choose your financial and game strategy, select the right sports and
events and go play!
But remember that if you play not only for fun, but with an intention to gain some income, the criteria for your achievements has to be not the number of bets you won as opposed to the ones you lost, but your bank account balance, i.e. your income (winnings) exceeding your expenses (betting amounts). Continue reading »
Test Your Betting Skills
After completing your analysis and choosing the right 
Choose the Amount
You should by no means define what amount of money you are ready to spend on betting, say weekly or monthly. Keep it separately and use only for betting purposes. Never place bets using the money meant for something else which is important for you, let alone someone else’s or borrowed money. After you have determined the amount think thoroughly whether losing it will be a painful hit to your budget or not. If you have any doubts, it is best to postpone playing until better times.
Remember that responsible gaming is very important, since psychologically it is easier to part with money you have deposited to your account than with cash you hold in your hands. It just turns into numbers that you type on your keyboard for most people. Continue reading »
Sports Betting
On the other hand, it is also a risk investment meant for increasing your capital just like any other investment. Your approach to placing bets should employ either one of these two options judging by how much you can identify yourself with them, which reason for sports betting comes first. You should analyze your goals and decide whether you just want to bet for fun or are ready to develop a strategy and ensure continuous flow of income. Based on your decision an
