16 tips and tricks on how to make money on bets
Are you looking for betting tips that work? We’ve got just what you need: 17 of our tips and tricks to help you make better decisions and avoid mistakes. Here are the basic principles of a successful betting strategy.
Newbies shouldn’t be in a hurry to bet right now. You see, no matter how easy event betting is, it’s not easy to get it right when you’re just starting out.
If you don’t approach event betting correctly, you’re not likely to enjoy it.
We’re not saying this to discourage you from betting. Not at all. We just want you to be prepared and have the best chance of making money.
We hope that by reading this article, you will be able to form as many healthy habits as possible from the beginning.
Note that you should follow ALL of these betting tips, no matter what your ultimate goals are. They will help you have a lot of fun and give you a good foundation to work from if your goal is to win consistently.
Our first betting tip is very simple. Be assured that the advice we offer is really valuable. Don’t be picky about which advice to follow and which to ignore. Everything we advise you has good reasons, and we promise that following them will benefit you: both in the short and long term.
1. Stick to one sport and activity
Don’t mess with too many sports or events. You simply won’t be able to keep up with all the teams and players. Remember that your goal is to find easy bets to win money. By gaining experience in one type of competition, you will have the time and means to study all the necessary statistics, information and reports to help you make your final decision. Remember, we bet to win, not just to kill time. There are many other ways to spend your time, and betting should be seen as a wise investment of your time and money.
2. Take away the feelings
Never bet based on sentiment. We all support one or two teams we like to watch play and win. Or believe that Bitcoin will always rise. That’s natural. But when it comes to betting, we have to act like professionals. It goes without saying that we want our club to win every game if possible. That doesn’t necessarily mean it will happen. Being able to separate your feelings from the facts will make you a good player. So when you make a choice, make sure you either want to listen to your feelings and support your team or your favorite coin, or use your brain to win.
3. Take notes
Another common question players ask is “how to become the best at betting. It’s not easy to answer, because there are a lot of factors that influence the effectiveness of betting. But you have to start somewhere. So the very first thing you should do before each betting session is to prepare a spreadsheet in which you will record all the bets you make in as much detail as possible. This way, you will always have everything under control so that you can change or adjust your strategy. In addition, you will always be able to correct your mistakes. Two mistakes won’t make you right, but they will definitely drain your deposit.
4. Avoid “fun bets”
Is it possible to make money while having fun? The answer is an emphatic NO. There is no such thing as “betting for fun” because there is no fun in losing money betting on unbelievable outcomes. Many players tend to invest a little money after big wins, usually in support of a proper account or something similar. Sure, you might win a few of these bets, but you’ll probably spend more money than you make. After all, we can all believe that Nessie lives in Loch Ness Lake, but we don’t want to bet our hard-earned money on her next appearance.
5. Study the information before you place a bet
The more information you have at your disposal, the more likely you are to make a winning prediction. Many factors influence the pace and outcome of a sporting event. For example, in a soccer match, it is important to know the form of the players, the type of play of the team, the starting lineup, position in the standings, etc.
Other important factors may be the weather conditions, the field factor (a stadium full of home fans can greatly affect the final result of the match) or the poor economic situation of the club.
Or in the case of cryptocurrency, it is important to know the latest news related to it, such as how the departure of linemen from China hit bitcoin rates hard.
Luck is one of those forces that drive the world, and it also plays an important role in betting on events. Leaving less room for luck in betting is what professionals can do, while keeping their choices clear and cool. To start playing and betting correctly on any sport, there are a number of rules to follow that can ensure a positive outcome.
6. Don’t dwell on the past and don’t celebrate too long
Don’t let a recent loss throw you off balance. Put it out of your mind, keep analyzing, and trust that the wheel will turn. Likewise, don’t let a recent winning streak give you false courage and make you overextend yourself. Again, stay focused on your analysis and stick to your plan.
7. Play the long game
If you are serious about betting, you need to think long term. Build up your deposit, continually increase the amount you bet on each event, and you’ll soon find yourself making decent money on the side, and maybe if you hold out long enough, you can make enough money from it to live comfortably.
Never forget: Betting, like any other form of serious investment, is a marathon, not a sprint. Accordingly, it will take some time for your deposit to grow. However, if you are patient and successful, the compound interest effect will be on your side. What at first looks like agonizingly slow growth will eventually take on an astounding exponential momentum.
Nine more simple tips
All eight of the tips we talked about above are very important. You really need to follow each of them if you want to get the best results from your bets. The other tips we can offer, listed below, are a little easier. And perhaps a little less important. Nevertheless, we still advise you to follow them.
- Ignore personal biases
- Don’t be overconfident when you win.
- Don’t get upset when you lose.
- Take the time to do your research.
- Trust your own judgment.
- Avoid betting when you are weak.
- Join like minded people
- Take regular breaks
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