The tips are submitted to the bookmaker in no time at all. Then the customers just have to wait. Although the bets were placed to the best of their knowledge and belief, there is usually a rude awakening when it comes to evaluating the results. Most of the bookmaker’s customers end up in the red almost permanently.
Below we have put together some basic rules for betting. If you follow them, you will not be a professional, but you will have the best conditions to end up on the winning track in the long term.
Build a serious bankroll
The most important basic rule when betting is not betting itself. It is important that you build up a reputable bank account before betting. To do this, you should take a close look at your own finances. How much capital can you really deposit with the bookmaker?
Basically, you should only transfer money that you do not need for other things in life. This means that your rent, your living expenses and a certain reserve should be available for the next few months. If you still have a surplus in your account, you can deposit it with the online betting provider with a clear conscience.
Never bet with borrowed money
This is probably the most important point of all. Do not borrow money just to be able to participate in sports betting. If you do not have your own money, you should say goodbye to registering with a bookmaker very quickly. If you bet under financial pressure, you will definitely end up in nirvana. Many a social relationship has been buried because of such gambles.
Analysis is the key
If you make your bets based on gut feeling, you can get lucky. As a rule, new bettors start with a small profit. The so-called beginner’s luck is almost tangible with bookmakers. The fact is, however, that players are usually caught up in reality very quickly.
Before placing a bet, a very precise and detailed analysis must be made. Look at tables, form curves, statistics and head-to-head comparisons. Gather as much information as possible about the games. Pay attention to injured or suspended players or the importance of a game. Pool your knowledge and make a well-thought-out betting decision.
Pay attention to defensive money management
The best sports betting strategy often fails because of a very simple detail – finances. One of the basic rules of betting is well thought-out and defensive money management. In concrete terms, this means that a maximum of three to five percent of your own balance should be placed on individual betting tips. In practice, the amount of the stake naturally depends on the risk of the tip. If a bet appears to be “safe”, the stake can also be increased slightly. However, one fact should always be taken into account. There is no such thing as a safe sports bet. The course of a sporting event can never be predicted 100 percent.
risk combination bets
Almost all recreational players work with combination bets. The result is well known: a big loss on the betting account. When you put together your odds on the betting slip, you’ll quickly get a big eyeful when you see the combinations. By multiplying the betting odds, the winnings quickly rise to a peak value even with small stakes. The problem, however, is that if you make one wrong bet, the whole house of cards collapses.
If you want to keep your bets in the green in the long term, you should concentrate on solo tips. We recommend that customers who prefer to bet on combinations despite the risk build appropriate safeguards into the systems.
Don’t rely on a favorite strategy
Another cardinal error is constantly betting on favorites. There is certainly the prospect of “quick money” with a bet on FC Bayern Munich or FC Barcelona, but in the long run the customer can only end up in the red. The betting odds are so low that they are disproportionate to the risk. If at all, the favorite tips should only be included in your own betting strategy every now and then in small doses.
Live bets only with very small amounts
The most unpopular basic rule when betting is certainly not to use live tips. We don’t want to completely demonize the real-time areas of the bookmakers at this point. However, the fact is that the live offers have significantly lower odds than the pre-match area. In addition, quick tips almost inevitably lead to a higher error rate. Anyone who wants to enjoy live betting should generally do so with very small amounts – ideally outside of a normal sports betting strategy.
Pay attention to high betting odds and taxes
If possible, always try to bet on the best odds. Compare bookmakers before placing your bets. We recommend that you have three to five betting accounts with different bookmakers so that you can react to fluctuations in the odds. Pay attention to the German betting tax. The five percent special tax directly influences the odds level. Lower offers from a tax-free online bookmaker are often ultimately more financially lucrative.
Make a serious choice of bookmaker
One of the basic rules when betting is choosing the right bookmaker. If you randomly sign up with some nobody on the Internet, you could be in for a very unpleasant surprise. Although most betting providers can be classified as reputable, there are “black sheep” in every industry. Do your research before signing up. Make sure you choose a safe provider. You can easily check the reliability yourself in just a few minutes.
It is important that the betting provider has a license. You can find the information either at the bottom of the website or in the imprint. If the bookie is registered in Malta or Gibraltar, for example, you are 100 percent on the safe side. The two Caribbean states of Curacao and Antigua and Barbuda are also considered to be reputable and strict licensors.