betting for fun and betting for profit

Key Differences Between Betting For Fun And Betting For Profit

What is the difference between betting for fun and betting for profit? Many people all over the world, view sports betting as a favourite pastime, and as such, they tend to favour some games like football or horse racing over others. And since betting is a source of entertainment for sports enthusiasts, they engage in it regularly and at some point, they start developing a reason for why they keep gambling. You see, betting for football, horse racing, or any other sport gives bettors two benefits which they can decide how they want to enjoy. It can either offer you fun or profit. Whatever your reason is, betting is a serious game that still requires focus. But, back to our question, what are some key differences between betting for fun and betting for profit? We have given the answer in this article, as well as discussed how to navigate both choices. See: Football Betting: Important Facts And Questions That Must Be Answered Article Guide: Betting for fun Betting for profit Betting for fun vs betting for profit  Importance of betting for fun Importance of betting for profit  Tips and strategies for Betting for fun Tips and strategies in Betting for profit Advantages and disadvantages of betting for fun Advantages and disadvantages of betting for profits  How to bet for fun and profit  Betting For Fun Betting for fun is wagering money on a particular sporting event merely for entertainment. You don’t care whether you lose money or not, as long as you’re entertained by a match, you’re good. Watching sports without betting on them is exciting. But watching football or basketball when there’s no obsession for payouts involved, intensifies the fun you’ll have because you’re doing it with a clear mind. Here, you’re less likely to be affected by the outcome, compared to when you’re betting for profit. Betting For Profit Betting for profit is the riskier side of sports gambling, especially because anything can happen. You must fortify yourself with an edge over other bettors.  If you consistently bet for profit, you will never really enjoy a match, and neither will you feel the same excitement the other type of bettor does. This is because you’re fixated on making money, more than you are feeding your passion for sports. Making profits from a bet takes a lot of research and preparation, which sucks out all the fun for you. You’ll only ever be happy when you win a wager. Losing a bet also breeds negative emotions like stress, depression, and addiction if it’s not managed well. This is when you start chasing losses or accumulators’ bets because you want to compensate for the money you lost to feel good.  However, you can still make betting for profit enjoyable, by mastering self-control, applying the right sports betting strategies, and not overplaying your hand. Betting For Fun Vs Betting For Profit Some bettors gamble for the fun of it, while others gamble for a chance to win money. In the table below, we have examined some differences between betting for fun and betting for profit, to give you an idea of what both gambling choices entail. Fun  Profit Don’t care if you win or lose money. Gamble for a chance to win money. Enjoy the thrill of gambling. Risks losing money. Bet for the experience alone. Should have a bankroll. See gambling as a medium of entertainment. Avoid emotional attachment to bets. Uses betting to socialize with friends. Understands odds and how to use them. Bet to pass time the time. Learns to pick winners more than losers to increase profits. Important Points For Betting For Fun If you bet on sports to simply relax and be entertained, it is important that you know the practices that’ll make this experience worth it, since you’ll be predicting outcomes. Focus on a sport that intrigues you the most. That is how you have fun. Budget only an amount you can lose. And after you’ve lost, stop betting. Gambling stops being fun for you when you lose more money than you can afford. Don’t place huge stakes on single wagers. They should get a very small fraction of your entire daily budget. Reduce the number of bets you throw to win. Only back meaningful wagers, don’t jump on everything in the market. Getting involved in different types of wagers doubles the excitement, has more meaning, and places you closer to a win. In-game betting is more exciting, and so do it. Don’t obsess over the results. Understand the basic strategies of betting, they guarantee more fun when you use them and they work for you. Importance Tips For Betting For Profit So, you’re betting for profits? The tips you need to succeed in this area, are more straightforward and to the point. Be smart and know how to properly analyse the different factors that influence certain results. Know that hard work is essential if you want to win consistently. Exercise patience. This helps you to not be discouraged when your expectations aren’t met. Have a good knowledge of basic mathematics if you want to keep money from sportsbooks. Master control of your emotions so that your feelings are in check and you bet with a clear eye. Gather information on how to succeed by getting details on wagers, options, markets, and sporting events. Luck is good, but having a strategy is more important. This will help you assess what brings you successful wagers and why you fail. Tips And Strategies In Betting For Fun There are different ways you can be for fun. Do you want to just enjoy the game or get involved and place bets?  No matter what you want, these strategies can help you: First, find a good bookmaker where you’ll be placing your bets. You get extra points if you use a Prediction Site that gives you good lines and odds. After you’ve found a good bookie, the next thing you need to do is to open an account

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football betting facts

Football Betting: Important Facts And Questions That Must Be Answered

How good is your knowledge of football betting facts and questions? When it comes to football betting, anyone who considers themselves a sports betting enthusiast must equip themselves with information surrounding certain facts and questions in this industry.  We say this because knowing these things don’t just help you make smoother bets, but it also gives you a better understanding of betting for football. On that note, we have written down answers to some frequently asked football questions you might have. These answers cover enquiries regarding betting odds, using football betting sites, types of bets, etc.   By the time you are done reading this article, we hope you’d have improved your football betting knowledge. Now, without further ado, let’s see what these facts and questions are.  Related: Betting Basics: Optimizing Your Betting Selections Important Football Betting Facts And Questions That Must Be Answered What should I know before betting on football? What is the most profitable football betting strategy? What is the secret behind football betting? What are some sure tips for football betting? What are the odds? Do football odds vary by bookmakers What are the different types of football odds? What does vigorish mean? Who sets the odds and lines in football? Why do odds and lines change? Why do different football betting sites have different odds and lines? Do own goals count for both teams to score? How does the first goal scorer work in football? What does draw no bet mean? What is double-chance betting in football? If two or more players tie for the golden booth, who wins it? How many red cards are issued before a football match is abandoned? How do booking points work in football betting? What is regular time in football betting? Should you bet on the draw in football? What is an assist in football? How does corner betting work in football? What do match odds mean in football betting? How do bet builders work? What is score cast betting in football? See also: Top Football Betting Myths Dispelled! 25 Football Betting Important Facts And Questions That Must Be Answered Football bettors have a lot of questions about betting for football, and it’s only right that we answer them with the appropriate answers. These are some football betting facts for you: 1. What should I know before betting on football? Before you start betting on football, there are a few things you need to do to make your betting experience more enjoyable. We listed some of the below: Find the best available odds in the market. Utilise matched and arbitrage betting. follow football tipsters and their predictions (to an extent) Keep a record of your bettings. Be content with the little wins and profits. 2. What is the most profitable football betting strategy? There are numerous football betting strategies, which you can follow to consistently cash out in this industry. However, some strategies are more profitable than others: Early cashouts. Bet over 1.5 goals live. Find a league to specialise in. Bet on the draw, late goals, cup games, and live games too. 3. What is the secret behind football betting? The secret behind football betting is wagering when you have higher than a 50-50 chance of winning a bet.   Or if the chances are less than 50%, you can win and then the bookmaker will make the amount they’ll pay as good or better than the risk you took. 4. What are some sure tips for football betting? There are some core football betting tips every serious bettor should always keep in mind if they want to succeed in this industry: Maintain discipline. The golden rule of betting is that you only wager an amount you can afford to lose. Utilise bonus offers. Shop around to find the best odds, don’t just accept the first one that comes your way. Do thorough research on odds, bookmakers, and football events. Always keep a record of your betting. It helps you track your wins and losses accurately. 5. What are the odds? Odds show the expected profit on each bet you place. For example, a 10 euros bet at odds of 2.2 will get you a profit of 12 euros on a winning bet (10 X 2.2 – 10). They also indicate the probability of a specific event happening. The lower the odds, the greater the probability of the event occurring ( odds = 1/ probability).  Odds of 4 show that the event has a 1 in 4 (¼ = 25%) chance of happening, while odds of 1.2 correspond to a probability of 83% (1/1.2). 6. Do football odds vary by bookmakers? Yes. the odds offered by bookies for a match might change due to unforeseen circumstances. But, once you’ve placed your bets, they cannot be changed, no matter what happens after that. 7. What are the different types of football odds? Football odds can be represented in many different ways. Decimal or European odds are offered mostly in Europe, and they differ from American odds or British odds (fractional odds). 8. What does vigorish mean? Vigorish (vig, juice, or overround) is the amount or commission a bookmaker charges bettors for each bet they place for a sporting event.  This vig is part of your bet so you don’t have to pay an additional fee. It’s how bookies make their own profit from sports betting. 9. Who sets the odds and lines in football? Odds and lines in football are set by oddsmakers or odds compilers in the employ of bookmakers. These professionals have extensive knowledge of football and their job is to ensure that the opening odds and lines are accurate. Oddsmakers are the ones who also adjust the odds and lines based on a number of factors. 10. Why do different football betting sites have different odds and lines? Odds and lines reflect the opinions of the odds compilers on what’s likely to occur in a sporting event. When the odds and lines vary in football betting sites, that

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optimizing your betting selections

Betting Basics: Optimizing Your Betting Selections

How good are you at optimizing your betting selections? Sports betting works in the direction you lead it, and it can be as easy or complex as you want it to be, based on how you decide to select or optimize your bets. In this article, we’ll break down the workings of optimizing your betting selections. The good thing is you don’t need to be an expert bettor or have much knowledge on how to optimize your sports picks and bets. This makes it very easy for you to get entertained, while still making money from sports betting, without needing to do a lot of learning. But, the downside to this is that making good selections consistently or making lots of money solely from sports betting is not simple. This means you must put in the effort and learn so many things to be a professional bettor that actually succeeds. We have listed out some strategies that can help you optimize your selections better. 8 Strategies For Optimizing Your Betting Selections Making good betting selections is the third and final requirement in becoming a successful bettor, but it is the most difficult and it isn’t something a single article will teach you.  But, in the absence of an exact blueprint to follow, our guide can provide some clarity on the things you don’t understand. We’ve made it comprehensive so that you get all the information and tips you need to build your own working approach. Keep in mind that this article won’t magically transform you into a successful gambler, but it’ll get you one step closer to it. It features several useful hacks for optimizing your betting selection process. So, let’s see what we have for you: 1. Expert Selectiveness In professional betting, you must be selective with the wagers you back. And there are certain areas you should apply this selectivity to if you want to succeed: The amount you bet in a given period. The number of sports and sporting events to wager on. Value of the odds and lines offered to you. Types of bets you place – point spread, money lines, or game totals. 2. Apply Rational Thinking As a rule of thumb, the decisions you make in sports betting should be based on rational thinking. “Hunches” or unproved “theories” won’t do you much good in the long run.  This is why it’s important that you ignore your instincts and focus on making selections born for rational and objective reasons. Reviewing your thought process before every selection is a great place to start. Step back and try to understand your reason for any bias, preconceptions, or assumptions. 3. Don’t Choose Picks Emotionally Love and support your favourite team, but don’t pick them because you’re hoping they win a match.  Matter of fact, do not bet on the team or player you like because those emotions can affect your judgment. But if you must pick a team you favour, be objective about your reason for doing so. Similarly, don’t be complacent when you’re on a winning streak or let a series of losses lead you to make bad betting decisions. 4. Work Hard Working hard is one of the simplest ways to improve your betting results, and this can be done by putting in more time and effort to research. Research gives you information about important things in sports betting like teams and players, helping you assess the outcome of events better. By committing your hours to put in the work, you can also interpret and analyse this information to your advantage. However, as you do your research take these factors that affect the likelihood of events occurring into consideration: Team/player quality. Key strengths and weaknesses. The current form of players/team. Recent injuries/fitness levels. Motivation. Consistency in performance and results. Venue. Schedules. 5. Look For Value Bets Finding value bets means assessing sports betting lines and then backing the odds which offer the most value with lesser risks and more opportunities for profits. Outrightly betting $1000 on a heavy favourite for an earning of $100 is not a smart move, and so is backing a team whose odds are undermined. Before you bet, research, calculate, and watch out for lines that offer you the most value. Note, value can be found by shopping for a good Prediction Site, rather than just good odds. 6. Bet Less Most bettors believe that wagering on as many sports as they can improve their chances of winning big money. This is a wrong notion. You must not place too many wagers weekly to earn money. The fewer bets you place, the more time you can spend on each of them. Spending quality time on your betting selections is a good way to improve them. So, instead of betting on every market you see on the bookmaker’s website, be more selective. Also, consider these points: How many sports to wager on. How many different leagues or competitions to bet on. The number of games/ events to wager on. How many bets to place on a game/event. 7. Weigh Risks And Rewards As it is with all good businesses, having a stable cost-benefit analysis is important if you want to make accurate betting selections. Follow this simple rule, avoid selections where the risks outweigh the rewards and vice versa. 8. Observe Selection Essentials In addition to every strategy that has been laid down in this article, make sure that you observe other important selection process essentials such as: Statistical and performance analysis. Betting trends. Good bankroll management. Tips That Help When Optimizing Your Betting Selections If you are a bettor who has a hard time conducting thorough research on sports events before making your betting selections you can get help with this.  There are certain tips that could help you with conducting research and ultimately making good selections. Here are some of those tips you could use for easier research: Check the implication of the event. Validate statistics. Steer clear of opinion

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fixed matches

Fixed Matches: The Biggest Betting Scam

What are fixed matches? How do you identify them? As a sports enthusiast or bettor who is active on social media, at one point you would have come across posts from people, communities, or platforms offering guaranteed match-fixing or correct scores. This was probably the first time you were introduced to match-fixing and wondered what it was. The buzz around fixed matches being the biggest betting scams, has been a huge deal in the sports betting community for a while now. And it is time more people started learning about it to protect themselves. In this article, we discuss what match-fixing is, how it works, how to identify fixed matches from real ones, times when a match has been fixed, and the reasons why fixed matches fail. Pay attention when reading this article, as it can save you or someone close to you from making terrible betting choices. Read also: Top Football Betting Myths Dispelled! What Are Fixed Matches? Match fixing is the illegal practice of swaying the results of a match to a desired outcome. This activity often happens between bettors and a sports team; offering a huge sum on a sporting event, with the aim of making large returns on it. Fixed matches don’t happen only based on the outcome of the game, but for specific moments in a match too like penalties, corner kicks, yellow cards, and fouls; this one is called Spot-fixing. There are rigid measures put in place to curb match-fixing, and any bettor found engaging in this act will be dealt with by being penalized or prosecuted by the sports federation. How Do Fixed Matches Work? Fixed matches are a lucrative business thriving within the sports betting industry, and the people who engage in this are often tight-lipped about their dealings.  Bettors and traders who fix matches often reside in the dark web, to ensure that they are not caught or easily spotted by unsuspecting bettors. Sports officials who do this, are banned from overseeing or leading a team or are sometimes imprisoned. How To Identify Fixed Matches Fixed matches look like real matches, and unless you look closely you’ll have a hard time telling the two apart. A real Prediction Site that offers tips and legal betting markets is completely different from that scammer on the Internet telling you they have the power to turn the tides of a match. With that being said, these are some ways you can identify fixed matches, the next time you see one: Scammers give false credit. They make up stories to convince bettors to follow links or hashtags to websites, social media platforms, groups, emails, or private chats to get fixed matches or correct scores. Some of them claim to have the power to help you win matches with their predictions, but in the long run, they’ll take all your money and leave you empty. When making betting selections, trust your instincts and don’t give away money on a platform you can’t trace or are not sure of.  Another thing to note is most sites like this are run by regular bettors like you who are just good at making good selections, but they still give you predictions that are a scam. Fixed Matches Examples In Sports Betting Fixed matches happen every day during a prominent sports tournament, mainly because betting syndicates have found a way that can’t be identified to alter the outcome of a match. These are some fixed match examples that have happened over the years, including ways you can spot a fixed match. 1. Basketball teams always win but can’t cover the spread. This happened in 1978-79 and was uncovered because of something unrelated to it.  2. Irregularities in pre-match odds in Italian football, cup tournaments, or obscure leagues. If you can wager on the draw for odds less than 2.50, something is probably wrong with the game. This can occur when both teams would be content with a tie at the end of season matches or because a fix is going down. Low odds for the draw is prominent in the final football matches in World Cup group phases. 3. Refrees repeatedly influencing a match – there are some referees that are chronic sports betting addicts or just hate some teams, nations, and athletes, and can’t help fixing matches. These bad refs award penalties, issue red cards and do everything in their power to influence the match outcome they want (because they placed bad wagers). Others will ensure that the side they hate won’t win their matches when they’re officiating. 4. Irregular in-play odds – Liver betting odds are compiled using an automated process void of human intervention that seeks to affect some sporting events and betting markets. If the odds you get look wrong, there’s something influencing it. Few gambling syndicates like to place their illegal bets after a match starts so that they don’t trigger an alarm. This is the case with most fixed matches. If the odds drop massively without any good explanation, then it is ripe for the taking. Irregularities in in-play odds have happened in the Supperettan match between Jonkoping Sondra and Syrianska in August 2014. The odds for Over 3.5 goals were low when the match started and went down to 1.50 after 15 minutes of play. After the 2nd goal was scored in the 51st minute, the match-fixers wagered large amounts of cash on the Under 4.5 Goals bet. The final result for that match was 4-0, so both bets won. Bookies stopped taking bets on this game because of irregular betting behaviour and the Swedish FA (SvFF) reported suspicions of match-fixing to the police. 5. Game, set and fix – tennis players seem like they won’t get involved in fixing matches because of the generous prize money they would lose, but they do. A Wimbledon player gets £10,000 for participating in the 1st round, with extra prize money of £6,325 for getting to the 2nd round. Bets of £400,000 (an amount mentioned

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How Can I Find The Best Football Prediction Website?

How Can I Find The Best Football Prediction Website?

How do you find the best football prediction website? Football betting, whether you’re winning or losing badly, can be fun, but without guidance and knowledge, it can turn into a dangerous venture. When predicting football and football games, you need a lot of expertise. And above all, you should be adept at analysis. If you can’t analyze matches, you’ll lose your wagers and money every time you bet.  Knowing how to analyze and follow matches for profits is as important as having accurate Football betting tips. That is why bettors around the globe constantly look for a Prediction Site that offers trusted Football Prediction on forecasts and long-term winnings. A good Football prediction site makes their prediction based on statistics and sometimes statistical algorithms that predict football matches ahead of a match.  Most sites have a prediction percentage of above 50%, and cover games for major football leagues in the world. They predict matches by considering the following factors: Type of competition Team injuries Teams’ records The previous set of games Strength of the teams’ defenses Weather conditions Read: Why You Need A Football Betting Site. Content: 1. How to choose the best football prediction website? 2. Warning signs to watch out for when choosing the best football prediction website 3. 10 best football prediction website How To Choose The Best Football Prediction Website? Choosing a Football prediction site can be a challenging process, especially with so many bookmakers flooding the Internet, claiming to be the best. To avoid falling into the traps of prediction websites that are not genuine, these are some great tips for selecting the best football prediction website. 1. Free Football Betting Tips The best football prediction websites are free for bettors, which is a good way to join the online betting world. These Football Prediction sites also offer free Football betting tips, statistics, analysis, and data you can use when betting for football.  Their Football tips betting enthusiasts can use, often cost bettors nothing to read and listen to. 2. Flexible Payment Plans Many established betting websites provide payment plans that offer countless benefits to clients. However, be careful when selecting a payment plan from a Prediction Site and thoroughly test-run tips before committing to a subscription plan. Read the Terms & Conditions and benefits that come with each plan before you pay for any of them. 3. Bonuses And Promotions Few sites offer bonuses and promotions to clients to help boost their wagers or increase their payout amount. These bonuses and promotions can range from little offers like extra tips, guidebooks, tutorials, or a “refer a friend” bonus where bettors get extra profit for inviting new customers. 4. Markets On Special Football Leagues The best football prediction website will make available a broad market that’ll cover different football leagues, matches, and statistics on their platforms.  However, while having a plethora of options makes betting for football enjoyable, if you want to make profits, don’t put your wagers and attention on every league in the market. Instead, focus on one league at a time and find the best Football prediction site which offers the most proven and correct tips for your league of choice. 5. Excellent User Interface Although this might seem insignificant to the larger picture, having a good user interface plays a vital role in finding the best football prediction website.  Spending your time looking at a low-quality platform destroys your attention and ruins your bet because you can’t even navigate the website properly. Using an excellent user interface that is intuitive and easy to navigate helps you maximize your earnings and improves your betting experience. 6. Diverse Range Of Products Working with a Football prediction site that has a diverse range of products is important, especially when subscribing to a payment plan. Ensure you’re getting the most out of the site and not just one match prediction.  Similarly, seek out sites that give you betting guides and strategies to ease your online betting experience. Warning Signs To Watch Out For When Choosing The Best Football Prediction Website In a sea of good football prediction websites flooding the internet, there are some that are dubious and looking to scam unsuspecting bettors. If you do not take precautions, these fake bookmakers can connive with sportsbooks or affiliate tipsters to steal your personal information and money. To help you prevent this, these are some warning sites to watch out for when choosing the best football prediction website. 1. A History Of Poor Reviews A football betting website’s bad reputation is difficult to hide especially with digital copies and backups that provide evidence.  To know what you’re dealing with, perform research on a website somewhere else on the internet, to see what people are saying about them.  Watch for unfavorable reviews, comments, and reviews from other bettors who made the same mistake you are now avoiding. Use two or three sources that can attest to misconduct before deciding. 2. A New Website With No Reviews When a new football betting website has no reputation, reviews, or trace of them on its website, it doesn’t immediately mean that they are scammers. But, since new prediction sites join the Internet every day, you must ensure that whichever one you come across isn’t just using football betting as a front to rob bettors. One thing you can do is to wait for a month or two to see how other bettors respond to them, before joining the football prediction website. 3. Only Positive Reviews  If a football prediction website has only a handful of 5-star reviews that are similar to each other and looks like they were written by the same person, then the site owners probably wrote them.  False reviews often exaggerate how accurate the website’s football predictions are. Also, you won’t find other comments that discuss it like it’s a forum. Just monotonous commentary. See: Tips To Find a Good Sport Betting Matches. 10 Best Football Prediction Website The best football prediction website we have listed

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Can You Make Money Backing The Favorites

Can You Make Money Backing The Favorites

“Can I make money backing the favorites?”  That is a common question most punters want answers to. Especially since backing the favorites often appear on the list of common betting mistakes. Although several experts advise bettors to desist from backing the favorites, mostly because it is not profitable. There is no law that says you can’t enjoy profits from wagering on the favorites. This is because like most things, sports betting isn’t black and white and the rules aren’t set in stone. You CAN make money backing the favorites as long it’s the right ones you back.  In this article, we’ll discuss the misconception that comes with backing favorites, how to back them, and the times when backing the favored team will cost you money.  See also: How Do I Make Money From Football Betting? Article Content: What is a favorite in sports betting? How do you identify favorites in sports betting? Can you make money backing the favorites? How to back the favorites Benefits of backing the favorites Times when backing the favorites will cost you money Strategies for backing the favorites What Is A Favorite In Sports Betting? A favorite in sports betting is the team that is expected to win a match. They are awarded better chances of winning a game by oddsmakers. Favorites are the opposites of underdogs. A team is more likely to be favored if they have a home advantage, lots of star power, a better record, fewer injured players, or are generally the better team.  You will notice a favorite vs underdog dynamic mostly when you are betting for football. Bettors place higher expectations on the favorites, and they must cash at a higher clip to be profitable.  How Do You Identify Favorites In Sports Betting? Identifying the favorites in any matchup is pretty simple. Just look at symbols beside their odds. In Moneyline (American) and spread odds, a favorite will have a ‘-‘ sign accompanying it. An example would be spread -6.5 or -100 for American odds.  For decimal odds, the favorite team is represented with the smaller number. For example Minnesota Vikings (1.87) and New York Giants (2.65). The Minnesota Vikings are the favorites. Can You Make Money Backing The Favorites? On the question of if you can make money backing the favorites, there really isn’t any right or wrong answer. It’s more about value.  If you believe that the favorite is undervalued by the oddsmaker, then you should bet on the team.  Same way, if you bet the favorites on the Moneyline you’ll win more often than you lose. But, that doesn’t mean you’ll turn in a long-term profit. Since you are paying a premium with odds when backing Moneyline favorites, you must be sure that their win probability outpaces the odds.  Fun-seeking bettors often move toward favorites, which can make them overpriced, so you should be careful.  There is no set formula for backing favorites, just examine all of them on a case-by-case basis. Read: Top Football Betting Myths Dispelled! How To Back The Favorites When wagering a favorite, you have many options for a chance at turning in a profit.  You can bet them for an outright win on the Moneyline or on the spread to win by more than a specified margin. 1. Moneyline Favorite When you bet a favorite on the Moneyline, you want them to just win and it doesn’t matter by how much. Moneyline favorite bets are popular because they are safer wagers. But, the price point for this bet is crucial. A favorite on the Moneyline carries worse odds than a spread and their sizes vary. You might bet a favorite at -120 or at greater than -1000. In the NCAAF, if you’re backing an SEC powerhouse on the Moneyline against a non-Power 5 school, you’ll pay a steep price. Bettors might also opt for a Moneyline favorite parlay, where they group a few Moneyline favorites that need to win together but receive better odds instead. 2. Points Spread Favorite The point spread favorite also comes with its own pros and cons.  If you bet the favorite by a point spread, winning the game outright isn’t enough. They’ll need to win by a certain amount or higher. On the upside, you’ll lay -110 odds instead of anything lower. In sports like football and basketball, the spread can range from -1 to up to -50 points.  The oddsmaker sets the point spread by the number of points they expect the favorites to win by. A point becomes a -50 because you’ll subtract 50 from your favorite score. If a -7 point spread favorite wins by seven, it is a ‘push’ and you’ll get your money back. 3. Run Line Favorite In baseball, a typical spread for the favorite is -1.5 and called the run line. Run lines are rarely more than -1.5, but it is possible. Betting on a team’s run line means they’ll need to win by two runs or more to cover the -1.5. 4. Puck Line Favorite Backing a favorite in hockey is the same as betting on a team’s run line in baseball. When the favorite is favored by -1.5 in hockey, it is referred to as a puck line. The puck line for most games in hockey is -1.5, and the favored team will need to win by two goals to win a puck line bet. Benefits Of Backing The Favorites There are several benefits that come with backing the favorites, we have discussed some of the below: 1. You Can Boost Profits With ‘Best Odds Guaranteed’ Offers When backing the favorites, you can easily improve your profit figures if you’re using a bookmaker with Best Odds Guarantee. How the best odds guaranteed works is that the bookmaker offering it, will pay you out at the best odds. This will be the odds you took when placing a wager or the “Starting Price” or “SP” odds. 2. Reach A High Strike Rate For punters who battle with a

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5 reasons why you should keep your betting records

5 Reasons Why You Should Definitely Keep Records Of Your Betting

Do you keep records of your betting? If you are someone who regularly bets on sports but doesn’t keep records of your betting, then you’re making a huge mistake. Keeping betting records is an essential step you should take as a serious bettor if you wish to increase your profits. This also applies to you even if you’re just betting for fun. Taking note of your betting records is not difficult, but most bettors don’t do it.  All you need to do is make little notes tracking every wager you’ve made in the past.  There are several benefits that come with keeping records of your betting, and in this article, we discuss all of them.  See also: 5 Common Mistakes Bettors Make. 5 Reasons Why You Should Definitely Keep Records Of Your Betting 1. To help you track your wins and losses 2. Access sustainable strategies and systems 3. You’ll identify your betting strengths and weaknesses 4. Record and categorize individual wagers 5. Evaluate your performance better Reasons Why You Should Definitely Keep Records Of Your Betting Although keeping records of your betting can prove useful in a number of ways, there are some bettors who still won’t do it. That being said, there are numerous benefits you could enjoy when you keep records of your betting.  See 5 reasons why you should definitely keep records of your betting below: 1. To Help You Track Your Wins And Losses Most bettors often struggle to remember how many times they won or lost in sports betting. This is especially common amongst recreational bettors. While this doesn’t seem like a big deal, there are some reasons why you should know the number of times you’ve won or lost a wager. One such reason is that you may be losing more money than you think.  Being bled dry by sportsbooks might not be a problem for you if you’re wagering with money you can lose.  But you should still keep track of these numbers so that you ensure you’re not exceeding your betting budget. If your records show that you’re spending more than you budgeted, then it is time to reduce your stakes or the number of bets you place.  Similarly, you may be making more money than you think you are. In this case, you should be more serious with your betting. StakeToys and Bet Tracker are two bet-tracking software you can use to keep records of your betting. 2. Access Sustainable Strategies And Systems Even if you are in sports betting for entertainment rather than to make money, you should always strive to get the best out of your betting experience. Spending money you won’t get back on fun might not seem like a big deal to you, but we guarantee you’ll enjoy placing bets more if you won from them. With that being said, you must find new ways to improve your results and maximize your earnings. A good way to do this is to try out new strategies and systems. Keeping detailed records of your betting is the only trusted method of knowing if your strategies or systems are working for you. 3. You’ll Identify Your Betting Strengths And Weaknesses Sports bettors have never been restricted from wagering on different sports and events or even placing a range of bets.  There is nothing wrong with this betting style. However, if you do this without keeping records of your betting, then you’ll never know which areas you’re strongest or weakest in betting.  No one bettor, no matter how experienced they are, can be an expert in all types of sports. They’ll always be one or two you excel in more than others.  With a record, you can easily identify which sports complement your strengths the most and channel your energy and money toward those ones. Read: 5 Expert Football Betting Tips You Should Never Ignore. 4. Record And Categorize Individual Wagers Keeping simple records of your betting is better than keeping no records at all. But, the amount you spend and what you make back is not all you should keep track of. For a more detailed well-rounded betting record, you should include information like: Selection Odds of selection Stake Result of wager Payout Profit/loss Another thing you should note is that your records don’t have to be sophisticated. A simple spreadsheet can suffice. Every time you place a bet, you enter the details in a fresh row. Categorize your wagers by keeping different spreadsheets for every sport you bet on. One for football, soccer, tennis, etc. Also, add extra information for every wager you place by including extra columns for relevant events or competitions. Additionally, include a column for the type of wager to help you record if it’s a point spread, totals, futures, etc. With these columns, you can track your performance accurately and see which sports you’re getting your best or worst results in.  5. Evaluate Your Performance Better If you’re not just betting on sports for the sake of it, then keeping records of your betting will help you evaluate your performance better. With a record, you’ll know where you stand, how much you lost or won so far, and which wagers to back or ignore.  The knowledge you have will guide you on which steps to take and ensure that you don’t fall into a losing streak. More importantly, your sports betting experience will be more fulfilling. How To Keep Records Of Your Betting If you wager online or with a land-based casino, an easy way to track your profits or losses is to note down the deposits and withdrawals you make with a bookmaker. Although a simple pen and notepad can work, using a spreadsheet is better. And the sheet doesn’t need to be complex. In the spreadsheet you use to keep records of your betting include these fields: Date of the wager Outcome wagered on  Odds Betting site Deposit Withdrawal Results (win or loss) Running total To become a professional bettor who

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5 common mistakes bettors make

5 Common Mistakes Bettors Make

What are the 5 common mistakes bettors make? Sports betting is one of the most common lucrative leisure activities that require you to make smart decisions in order to place successful wagers. However, since sports betting is based on chance, winning in it is never guaranteed no matter how much of a good bettor you are.  Nevertheless, some bettors often mitigate their chances of winning by making some common betting mistakes like not having a bankroll, chasing losses, and not keeping track of bets.  This article discusses the 5 most common mistakes bettors make that constantly put them in their own way and minimize their chances of backing successful wagers. You can learn this so that you can avoid these errors at your next bet. See also: Two Major Things That Make You Lose In Betting. 5 Common Mistakes Bettors Make 1. Poor Bankroll Management 2. Chasing Losses 3. Betting With Non-Reputable Betting Websites 4. Not Shopping Around For The Best Odds 5. Lack Of A Clear Betting Track Record Common Mistakes Bettors Make These are 5 common mistakes bettors make when placing wagers and how you can work towards avoiding them. Let’s go! 1. Poor Bankroll Management Poor bankroll management is a recurring mistake sports bettors make. Before you even begin betting on sports, you must first learn bankroll management techniques. Knowing how to manage your bankroll is important for both new and experienced bettors, whether you’re betting for sports or entertainment. Learning how to be disciplined with your funds can make them last longer. Another thing you can do is to put in place rules like setting cap limits (the maximum amount you’ll bet in a day) and determining the size of your betting unit (the standard size of your wager). A cap limit can be set daily, weekly, or monthly. The money in your bankroll should be a guide when you’re setting limits. Bet with only your available money so that you don’t run into debt. Define your betting units depending on how much cash you have. Units are also a good way to account for your total wins or losses and track them over time.  Follow strict guidelines when managing your bankroll and do not spend more than you budget. Doing these things will help you manage your betting bankroll more efficiently. 2. Chasing Losses No bettor ever sets out just hoping to lose a bet, which is why when they wager, they do so hoping to win. However, things don’t always pan out, and losing a bet is inevitable.  After a loss, it can be tempting to want to make up for the money you lost by placing a new bet. This is known as chasing a loss and if not stopped earlier, can lead to a dangerous cycle of you always placing bets because you are “supposed” to win back your losses.  This habit is discouraged amongst bettors, although the majority of them still indulge in it. The more you try to gain back lost money, the deeper you dig yourself into a hole of recurring losses. Chasing your losses in severe cases leads to more losses you can’t manage and ultimately to you going into gambling debt. Therefore, rather than betting to cover lost money, instead, come up with betting strategies that can maximize your winning chances. 3. Betting With Non-Reputable Betting Websites Your online sports betting experience is only as safe as the bookmaker you use. And honestly, if you bet with a non-reputable betting website, then you’re just looking for trouble. Gambling with a Prediction Site whose platform isn’t trusted or licensed doesn’t just put your money at risk, but your personal information can also be exposed to unauthorized personnel.  Only use a bookmaker that has a verified gambling license and they should also provide their license number for confirmation.   The betting site must be SSL-secure with a sustainable firewall system that protects your banking information and guarantees your privacy too. See D0’s And Don’ts To Winning In Sports Betting. 4. Not Shopping Around For The Best Odds Different bookmakers provide different odds to bettors and while most times one odd might be slightly higher than another, that tiny difference can give you a higher wager.  It is essential that you shop for odds that different betting websites have on the same bets to ensure that you get the highest winnings available for your selections. You can even go on to open multiple accounts with different bookmakers. No one company can have the best odds in sports betting, so if you want to succeed as a bettor, shop for better odds wherever in the market you can find them. Set your sites on the ones with competitive odds. One good place to start will be with new online betting sites. New bookmakers desperately want to attract more clients, so they always have amazing odds.  By settling for only the best odds, you’ll get a huge amount in payouts every time your bet wins. 5. Lack Of A Clear Betting Track Record Taking a data-driven approach to sports betting can provide you with valuable insights. It is advised that you consistently track the amount of money you deposit in your account. The amount you win, how much you win or lose, the type of sports, markets, and submarkets that you were most or least successful in. That way, you can build a clear roadmap that shows where you are and in what direction you should go with your wagers. Also,  there are betting sites that provide players with statistics relating to user activity so, you might want to use these types of sites too. Strive to take account of every bet you place. Having a clear track record of your bets, helps you determine if you are truly making money on sports betting or not.  You will also get concrete evidence you can refer to, rather than basing your betting career on illusions and assumptions. Sports betting is entertaining and following

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top football betting myths dispelled

Top Football Betting Myths Dispelled!

What are some top football betting myths you’ve heard?  The football betting market is a huge one, with an equally massive following. Many football fans bet because they love this sport and of course, for the earnings. While most bettors have lost money wagering on matches and trading the unstable waters of Football Prediction. There are millions of people who rake in large amounts of money daily, by betting on the same sport.  Football betting is a one-way street and the process if done right is pretty straightforward. However, in spite of the amount of information on sports websites, and online bookmakers’ blogs. People just can’t seem to get their facts straight about betting for football. Misconceptions about this industry continue to grow. This is why in this post, we will be dispelling some top football betting myths.  Check this out: Why You Need A Football Betting Site. 24 Top Football Betting Myths Dispelled! These are 24 top football betting myths dispelled. We have listed out each misconception and the actual truth behind them.  1. Bookmakers Fix Matches Bookmakers are interested only in the marginal value they can get from a winning bet. Therefore, they don’t fix matches as there is no benefit for them from doing so. Additionally, most bookmakers work with regulatory organizations that have a fixed odds policy, which means that the odds are predetermined.   2. There’s No Profit In Betting There are millions of bettors in the world who constantly win money daily by betting on football.  Football betting is a game of wins and losses, some days you’ll lose money, and other days you will. 3. Profits Can’t Be Made In The Long-Term There are professional bettors who have made a living with football betting. They prove that profits can be made over the course of a long-term betting career. 4. Sportsbooks Have Inside Tip No, they don’t. Sportsbooks create odds and adjust the lines to make action 50/50. They do this to reduce risks, so they even out both sides of a bet. No sportsbook wants to take a gamble on losing millions a one-sided bet, so they equally drive stakes down the middle. 5. Using Professional Tipsters Are A Safe Way To Win Professional tipsters no doubt have some of the best tips and strategies in the football betting market.   However, their predictions or tips are merely to guide you, not influence your betting decision.  6. Fixed Odds Generate Fewer Rewards Fixed odds have no variation on the payout, which means the profit or loss is fixed.  Since the process behind this odd is straightforward, there is no evidence that shows that fixed odds won’t yield any rewards for you or the bookmaker. 7. There Is No Risk-Free Betting It is possible for bettors to experience risk-free bettings. To avoid risks, skilled bettors simply use matched or arbitrary bettings. These bets enable them to earn money using betting bonuses, free bets, and marked odds differences across betting platforms. 8. Bettors Deserve To Always Win No, they don’t. Going into football betting with the mindset that you deserve a win after a string of losses is what causes you to chase bad bets. Losing is a part of football betting and winning comes from a smart strategy, not luck or merit. 9. The Public Is Wrong Experienced bettors who feel that they are smarter than other bettors, often go against betting the public.  They prefer to side with sharp money because it is a sure bet. But, Sharps don’t always give correct wagers. Do thorough research and go against the sharps if you want, even if 65-70 percent of the bets are on the home favorite. 10. Online Football Betting Is Illegal While online betting is illegal in some countries in the world, this situation has no significant bearing on how football betting is viewed by the rest of the world. Football betting has been legalized in the USA, UK, Nigeria, Australia, South Africa, Hong Kong, and Europe. Read also: Sports Betting in the UK. 11. You’ll Win More If You Bet More Wagering more money because you want to secure a bigger payout is a myth that will leave you with empty pockets and a string of bad losses. If you truly want to win big, work on your football betting strategies and place smarter bets.  12. The Bookmakers Are Always Right Bookmakers are not always right, their predictions are not the ultimate and can be wrong.  What bookies are good at is providing lower-than-fair value odds that boost your winning chances.  Them being experts at this, doesn’t make the geniuses, they too are always working with past and current information, like you. 13. Every Bookmaker Offers The Same Odds This myth is completely wrong, as different bookmakers cannot have the same set of odds.  Bookmakers are competitive and they all want to be the ones to provide the odds that are favorable to bettors and also allow them to retain a window of winning opportunities. 14. Online Bookmakers Ban Bettors Who Win Often The only thing bookmakers do is monitor the account of bettors who start winning frequently. If it becomes too much, they impose a limit on such bettors to maintain a losing window, and to ensure function and sustainability.  Should the bettor be found guilty of cheating, with concrete evidence against them, then the bookmaker will suspend or ban the punter. 15. It Is Difficult To Win Betting On The Favourites There will always be upsets in football, which means bettors will add to their bankroll due to a favorite not living up to their potential.  However, this doesn’t mean that you should now bet against the favorites in order to outsmart the oddsmakers and win money. 16. Pick Services Win Bettors Lots Of Money Pick services help bettors make informed decisions, but they do not in any way guarantee that they’ll win big. Instead, use these services to compare your own picks. Always research and gather information, so

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how do I make money from football betting?

How Do I Make Money From Football Betting?

How do I make money from football betting? If you’re wondering this, our article provides detailed points on how you can make money betting on football. Football is the world’s most gambled-on sport, pulling in more than $500 billion in wagers, from all over the world. Considering the amount of money bet on football daily, and the fact that bettors have hundreds of Football betting tips at their disposal, making money from this game should be easy, right?  Sadly, that is not the case. There is a tiny fraction of people who actually make money from betting for football. Statistics say that 98% of gamblers lose money to football wagers. Betting markets are excellent at predicting the outcome of a match. However, when there is an opportunity to make money, it is often exploited and then sealed immediately after the markets start to catch up. But, there are a few ways you can make money from betting for football, and some of these ways are risk-free. Meanwhile, check this out: 5 Ways To Make Money Online With Sports Betting. How To Make Money From Football Betting The race between bettors to make money from football betting is fiercely competitive. Everybody wants to be a winner, which means they’ll have to be twice as good and better at picking odds. If you too want to cash out from betting for football, follow the steps we have laid out below: 1. Don’t Bet At The Start Of A Football Season If you want to make money from football betting, ensure that you do not bet at the start of a football season.  Instead, take this time to learn about each team, after they would have played 5 games. This helps you get your analysis straight. 2. Identify Overpriced Betting Markets Most times, odds for every betting market favour the bookmaker but never the bettor.  However, sometimes, an experienced bettor can identify betting markets where the odds favour the bettor and not the bookmaker. These types of bets are rare and are referred to as value bets (bets that were overvalued by the bookie). Consistently placing value bets is a trusted strategy that guarantees long-term earnings. 3. Use Matched Betting Products Using matched betting products is a surefire way to make money from football betting.  What matched betting products do is that they bring together all the free bets and bonuses presently offered by bookmakers, and show you how to set them up to earn money. Since bookmakers operate in a competitive space and are desperate for your patronage, they keep offering you these promos to keep you betting.  And rather than betting your own money, you can utilise these offers to earn risk-free cash weekly.  4. Use Draw Bets The majority of bettors wager on the one-game team, but only a few have the sense to wager on draw games.  The amount deposited for betting on draws is far less than what you would pay for betting in other areas. This is because the market for draw bets is not as high as when you back one side of the game. Please note, experts advise that this strategy can cause you losses in the long run. So, only deploy it after the odds show a draw between two clubs. Or you know the factors in play that could lead to a draw match. An example of a matched betting website you can use is OddsMonkey. Read also: 5 Things To Look Out For When Researching For A Football Bet. 5. Focus On A Particular League Focusing on a specific league is one secret to being a successful bettor. Specialise in a particular league and learn as much as you can about each club in that league. Also, bet on league matches only as often as you can. 6. Keep Track Of Your Progress Tracking your progress is an underrated, yet smart strategy most bettors tend to overlook when betting for football. To put it simply, if you want to make money from football betting, then have a record of all your wagers. This record can contain how many times you’ve won a bet and the number of losses too.  Additionally, a record lets you: Know how much money you’ve won or lost so far. Make informed decisions about future wagers. Get, analyse, and conclude from data. 7. Bet Against The Crowd Herd mentality is one of the reasons why most bettors often forego their own instincts and instead blindly follow pro traders and tipsters. Rather than be like the herd, try to create your own football betting strategy. Although this might be hard at first, you will be grateful you did it in the long run. To get started, go “against the crowd” by betting against the big names and backing the lesser-known teams who are often better. 8. Listen To Experts While you figure out how to create your own betting strategy, you can still listen to football betting experts to get their thoughts on each match.  Betting experts often share their game strategies before a match begins. You can use these tips to get insight into half-time markets, over/under bets, and the total score of both teams. Similarly, using a Football prediction site gives you a preview of how each team will play, their strengths, weaknesses, and any additional information that should influence your bets. 9. Expect Change You could do research for weeks and draw a perfect picture of how a match will turn out, and in the end, a minor change can cause all that hard work to tumble down.  Keep in mind that no matter your analysis of a game, any result is possible. 10. Set A Bankroll A bankroll is the stipulated amount you set aside to fund your bets. Having one ensures that your wagers are adequately funded and you don’t exceed your deposit limit. If you don’t set an amount for your bankroll, you’ll blow through the whole thing in a week. And in

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