Every successful punter will tell you that right money management is essential if you aim to make steady profits from sports betting and that is exactly why we will pay a special attention to this area. This article contains important tips and pointers on how to increase your winning percentages and it should be seen as a helpful aid in your quest for profit.
1.) Set your bankroll
The first thing you need to do before even placing your first bet is set aside a certain amount of money you intend to use solely for the betting purposes, which is called a bankroll. You should never bet more than you can afford to lose and setting the bankroll will prevent you from making the mistake that can prove costly.
2.) Open multiple accounts
Opening accounts at multiple bookmakers is a must for every serious punter as that is the best way to maximize your potential winnings. Odds often vary a great deal from one bookmaker to another, meaning that you’ve got to have a chance to place your bet at the highest price available on the market.
3.) Only bet on singles
Even though accumulators and system bets can be quite tempting due to high potential winnings they offer, our advice is to only place single bets since these have proved to be the most profitable in the long run. Your stake should always remain the same, some 3-5% of your total bankroll.
4.) Take betting seriously
Even though sports betting is no exact science, you can certainly increase your winning chances by carefully following the latest betting news, expert advices and football statistics. Betting should be taken as seriously as any other job and if you put enough time and effort into it, you will be amazed by the results.
5.) Discipline is the key
Even the most successful punters have experienced numerous losing streaks, so don’t think you can stay immune to these. Just as you shouldn’t go crazy with your bets when you are on a winning streak, you should keep your head high when you encounter a losing run and just continue betting as if everything is normal.