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In this article, we will name five basic principles that every bettor should remember when placing bets on sporting events, and we will talk about each of them in more detail.
Even betting strategies that have been worked out for years do not guarantee ultimate success. At the same time, there are several basic principles that seem simple, but if you strictly adhere to them, you will ultimately be able to become a successful bettor.
Knowledge of these principles will be useful, of course, primarily for beginners, but even experienced players who have “eaten more than a pound of salt” may discover them again, or understand where they previously made strategic mistakes.
Aim for the end goal
At some point, a number of players lose their bearings and stop understanding what they really want from betting. Perhaps this does not apply to those who place bets purely for fun, but everyone else undoubtedly wants to make a profit in the end.
How advise https://1xbetapp.run however, you shouldn't measure your success by every bet you make, because even with the most accurate predictions, there is always a case when, for example, an absurd ricochet in the last seconds of a football or hockey match deprives you of what seemed to be a certain win. Therefore, every bettor should realize that sports betting is a game in which it is important to stay on top in the long term, despite the ups and downs.
You can't pay too much attention to individual bets. In practice, this means that after losing, you shouldn't immediately, as they say, in a hot head, try to "win back" the lost amount - on the contrary, you should carefully analyze the reasons for the loss, so as not to make a mistake next time.
On the other hand, if you win, you should not let the feeling of excitement get too carried away - this leads to placing ill-considered or unfounded bets. Players should always understand what consequences their decisions may entail in a week, a month or a year.
Betting requires persistence, patience and determination. Success never comes instantly. Yes, sometimes beginners get lucky, but you should remember that you can lose everything the very next day. Analyze each bet, whether it won or lost, do not stop there and remember the final goal.
Study your competitors
Beginners, when placing bets at one of the bookmakers, believe that they need to beat the bookmaker. The logic here is simple: since the bookmaker accepts their money and then, in the case of a winning bet, returns it with a profit, then it is the opponent. Only with time does the understanding come that in fact the bettor is not fighting the bookmaker, but the market, or rather, with other players present on the market who have made the opposite bet.
It is obvious that if you win, then some other player, possibly living on the other side of the globe, has lost. The bookmaker, however, will be in the black in any outcome of a specific event due to the margin built into each coefficient; otherwise, all the bookies would have gone bankrupt and ceased to exist long ago.
After the initial odds are announced (the so-called "opening line"), their further change is determined, among other things, by the bets of other market participants - it is with them that you compete for the final reward. At the same time, such rivalry is relative: the one whose forecasts are most accurate will always be better.
Learn from mistakes
Even the most experienced professional bettors cannot win all the time. They may have made the most accurate forecast, found the most ineffective odds, but still lost due to chance. At the same time, most likely, nine times out of ten their bet would have won, but not this time. Therefore, you can’t get upset about every lost bet.
Some people think that betting professionals have found a gold mine for themselves and lead a carefree and luxurious life, enjoying the feeling of their own superiority over all the other, less fortunate bettors. In fact, their work is painstaking and far from the easiest work, and they achieve an advantage over the market not because they win almost all the time, but because they lose less often than others.
You need to learn to overcome losses, and the best way to do this is as follows. If your bet did not win, analyze it, "scroll" it from all sides, and ask yourself whether you did everything correctly, and whether you would place exactly the same bet another time. If the answer is yes, do not hesitate to move on. If the answer is no, perhaps you should reconsider your approach or strategy as a whole.
Accept that you can't control everything.
It is important to remember that no matter how hard we try, we cannot fully control all the distortions associated with a particular sporting event, and therefore we can never be 100% sure of the success of our bet. Many people find this difficult to accept, and it sometimes provokes them to make inadequate decisions when placing bets.
Meanwhile, such biases can affect everything from selective memory and changing our previous opinions to the reason we make or don’t make a certain bet. By definition, they cause us to deviate from rational judgment, which does not bode well for success in the world of risky money.
Manage your gaming account
A bet of a thousand or a million dollars can mean the same thing to two different players. Regardless of the size, optimizing your betting account is one of the main keys to long-term success. Money management plays an incredibly important role when betting. If you are betting for profit, the difference between a successful career and going broke is maintaining your bankroll by maximizing potential wins and limiting potential losses.
To get the most out of your bet, you need to not only optimize the amount of each individual bet, but also consider the odds of placing them. The difference between odds of 2.12 and 2.14 may seem insignificant, but in the long run, even this matters. At the same time, an extra 10 dollars added to the amount of a potentially winning bet can bring a total profit of several tens of thousands per year, and these are completely different figures.
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