The soccer betting guide for the novice

Sports betting can be a good experience if you are able to read the odds and place bets wisely. Betting wisely can earn you lots of money in return for doing nothing much more than predicting certain outcomes of the game depending on your understanding and judgments and putting money on it. And while it is never too late to learn anything one should be careful in placing bets; after all no one likes ending up with less money. Once a person gets the hang of betting on sports he can be confident about the bets he places but till then he should know how big a risk he can take without ending up in problems. For people who are new to sports betting but are eager to get into it, here are few things to keep in mind while placing bets:

  1. Budget – One should always decide the budget of the betting carefully. A very high budget might hurt your financial situation if you lose and on the other hand if you plan a very small budget it will restrict you in certain areas.
  2. Distribution of the bets – One can never be 100% sure about what the outcomes of games will be. There are always chances that they might turn out the other way from what you expected, so it is wise to distribute the risks among different games.
  3. Selection of categories – There are many categories that you can place your bets on. Other than winning and losing one can also bet on the top performer, first player to score goal, margin of victory etc. Statistics show that the most efficient betting are those that are put on Result (Home Win, Draw or Lose) and Total Under/ Over Goals (Whether the total number of goals will be less or more than specified). Therefore it would be sensible for people new to betting to put their money on these two categories when they start out.
  4. Understanding the probabilities- The probability of a certain event occurring can be anywhere between 0% and 100%. If you can evaluate the probabilities correctly then you can correctly bet and win. Betting tips are available online as many websites offer them for free, which are really useful in evaluating outcome probabilities. One should take care as to see which site comes closest to accurate predictions by checking past predictions and outcomes of the real matches. Bigger differences between the predictions of the bookmakers’ and the online tips will result in bigger winnings.
  5. Fixed Odds – Bookmakers provide a fixed ratio for the amount of money you will get on placing the correct bet. On your winning the bet, the amount that you will win will be the amount of the wager placed multiplied by the fixed odds. For example, if you place a $100 bet on home win where the odds are: Home Win = 3.0, Draw = 2.5, Loss = 1.5 and the home side wins you will get 100 X 3.0 = 300$ or else on any other result you will lose the 100$ wager.
  6. Odds and probabilities – Adding the inverse of the odds given will not give you the bookmakers’ probabilities as they add their commissions to the odds and the probability will exceed 100. Subtracting a third of the amount exceeding 100 from the probabilities calculated from the odds will give the correct probabilities. It is advisable to find stakes with more than 3.0 odds and 40% probability to ensure more possibilities of winning.
  7. How to choose the bookmaker – You can make more money from bookmakers who offer the highest odds on outcomes that you want to place your bets on. Websites which give betting tips also show a list of bookmakers and the odds that they are offering. You can register and bet with the bookmaker who is offering the highest odds.
  8. Factors that might affect the game- While betting one should always take into consideration the factors that might affect the outcome such as injury to players, form of the team in previous matches, players being rested etc.
The soccer betting guide for the novice
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