Can Players Actually Win Against Bookies
Beat the Bookies is the eternal question of all punters. How you can beat the bookies and end up on the winning side from your wagers is not an easy thing to do. Of course, there is no universal answer to this, otherwise, all bookmakers would close their businesses. And the truth is that we will never get this answer, but this doesn’t necessarily mean that you cannot make nice returns from sports. There are some general guidelines which can help you be aware of some things and maybe change your betting habits.
How to beat the bookies
If your plan is to get great returns overnight, it is almost 100% likely that you will fail in that quest. For being successful with sports wagering, you need to invest time in analyzing the offer and betting sites markets.
Every punter needs to know that there is no flawless betting strategy since it may happen that the most reliable ones fail at some point in time. If there was a way to win always in sports betting, then the bookmakers probably wouldn’t exist anymore. In fact, the bookies are getting their money from players’ losses. However, there are some strategies which can lower the risk of losing bets, like lay betting, round robin bets, four-fold bets or up and down bets, which you can explore further and decide if some of these is a fit for your wagering style.
In case you pick the correct strategy, you can come out ahead with a disciplined approach. Over time, you will realize that there is no risk-free sports bet out there. However, you can reduce risk if you get informed of the sport or event you have on your radar, cool down emotions and explore the best odds on the market.
How important is Bankroll Management
If you want to be a successful bettor, you need to manage and get the full control of your bankroll. This will ensure that you can become a good punter in case you are making solid picks. On the other hand, if you haven’t adopted the system for deciding the amount of your stake, you could end up losing money very quickly.
First thing you need to set up is defining a Unit, or the baseline amount of money you’ll be wagering from bet to bet. In most cases, the value of a Unit is 1% or 2% of your bankroll. By establishing this approach when putting the stake for your bets, you will minimize the risk of having real damage to your total bankroll in case of a losing streak.
Track your bets
Next, you should put in place in tracking your bets. You can learn a lot from your wagering history if you constantly collect and track major betting data. Just create a spreadsheet and enter the information like the date, event, a number of units wagered, a number of units won or lost. After analyzing your picks, you can have an insight into your strengths and weaknesses. For example, you might be getting more winnings by wagering on totals, or you are not doing well betting on a specific team or league. All of this can help you become better punter and choose right picks.
There is a wide range of bankroll management strategies and all of them have their pros and cons. To mention some of them, the most popular ones are Fixed Unit model, Percentage model, Potential Return model, Confidence model or Kelly Criterion model. Depending on the size of your total bankroll, betting strategy or confidence, you may choose some of these, however, we are not going to get deeper into the analysis of each one.
Use The Basic Models At First
What you should always keep in mind is that there are various ways to manage your bankroll and it is always good to make the start with the most basic models. You can build from there after you master these strategies. Always track your bankroll and don’t get into temptation of irrational moves in case of a losing streak. Bankroll management mechanisms will prevent you from damaging your bankroll as long as you stick to the methodologies and not going into uncontrolled betting in order to recover your bankroll from losses. It is hard to keep your head cool in these situations but bear in mind that you cannot get anything good from irrational betting. Another important thing – Avoid funding your account with savings or money which is meant to be spent on more important things.
How to beat the bookies at Football
If we put focus on football, you can make the most out of your bet in several ways. First of all, is to get as much information as possible for the event or league that is in your focus. It is always easy to check to start line ups for derby matches or the most popular leagues, however, the profit may lay down in the exotic events and way less popular competitions. Bookmakers can sometimes miss an important info from some of the local leagues and you can take advantage of the odds that are on offer. There is a higher probability that you can find excellent odds for obscure markets since you may know more than the bookmakers.
You should always avoid going into wagering with your heart. We all have our favorite teams, and it can happen very often that we lose a bet by just having the faith in our team. Instead of that, if you know there’s a player who seems to be in the action, you might back him to score, and if your team loses you can still make some good accumulator wins.
Use More Than One Site
Having a couple of online accounts created at different bookmakers can also help you a lot to get decent profits. Online bookies want to attract new players with lucrative welcome bonuses which you can take advantage of. For existing players, there are free bets and other special offers, so the more accounts you have, the more betting offers you’ll get. Of course, you need to check terms and conditions for all offers as you cannot withdraw money until wagering requirements are met, but you can use that bonus for betting and eventually you get a good value in return. Also, you can compare the odds at different bookmakers and choose the best ones.
Although there’s no a 100% perfect way of beating the bookies, with strong discipline and different strategies and sources of information, you can decrease the risk of losing your bets. You should set up your bankroll and look for ways to exploit gaps in the bookmakers’ knowledge or take advantage of their generosity. Although you’ll never see a poor bookmaker, they don’t know everything, and you should exploit those gaps for making decent profits.