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Sports Betting: Leisure, Opportunities, and Risks

Author: Yana Kryvosheina
17 December 2019, 10:12
Votes: 1

In the modern world, there are plenty of opportunities to pass the time without leaving the apartment. Sports betting is one of them. Read the Login Casino material to find out about the betting process and strategies, as well as sports betting advertising.

Sports Betting: Leisure, Opportunities, and Risks

Innovative technologies not only significantly simplify human life, but also give a lot of opportunities. Thanks to the Internet, many people have an excellent chance to work from any corner of the globe and not to become attached to one city or even a country. That is how a concept that a successful business can be built with minimal start-up investments has emerged. The Internet has made it possible not only to reduce investments but also to manage business processes remotely.

Sports betting is one of the most popular types of gambling entertainment in the world, year by year its popularity has only been growing. However, based on the fact that gambling is not a profession but entertainment (a way of spending leisure time), it is unreasonable to treat sports betting as the main source of income. Another thing is when football fans bet before the game in order to make the emotions from watching the match more vivid. There are people for whom making money on betting is an alternative source of income.

Read more: Real-time Messaging as a Key Factor to Increase Revenue from Live Betting

It should be noted that in order to earn on betting, it is not enough just to read the statistics before a sporting event – you need a certain specific knowledge in order to increase the chances of success. Large betting companies always have a whole team of experts analyzing all factors that can affect the match outcome. Betting odds are formed based on their conclusions. The larger the company is, the larger the staff performing these functions is. For effective earnings on betting, a bettor must beat them all.

Sports betting

Another important issue for newcomers in this industry is the amount of income received from betting. No one will ever be able to calculate the exact sum of money that can be earned on betting. The fact is that even if you are really good at sports betting, the result is still random. In addition, a significant factor is how much money bettors decide to bet, because the final amount of winnings depends on that. As in case of winning, you will receive the initial amount multiplied by betting odds. It should also be noted that experts are inclined to believe that professional bettors’ earnings on betting are several times higher than the average income received from a deposit in banking institutions.

The fundamental rule in betting is that the bet amount should not exceed the amount, the loss of which will become irreplaceable for the player, or, in other words, you can’t bet more than you are ready to lose.

Read more: DFS Industry vs. Sports Betting: Expectations and Forecasts

Sports Betting Advertising – Is There Anything to Worry About?

Newcomers are the ones who most often get on this hook. As a rule, we are talking about constant betting advertising for certain events, whose outcome is supposedly known. Thus, the user is offered “valuable” information, which can help him to make the right bet and win millions. Such offers from betting operators are considered a fraud, and a poor decision in case bettors accept the proposal. Despite the fact that match-fixing is a rather frequent phenomenon in modern sports, people who may possess privileged information are part of the sports industry – these are club owners, doctors, the coaching staff, or the athletes themselves. They would never take this risk because of possible reputational, financial and administrative consequences for disclosing such information. In addition, it is absurd that these facts can be put on public display on the Internet for such a tiny amount of money (in the realm of professional sports). Therefore, the second rule users must learn is that they can’t earn money on betting by purchasing some “reliable” information.

Sports Betting Advertising – Is There Anything to Worry About?

Procedural Features of Successful Sports Betting

In the sports betting industry, there is a special term for people who are involved in sports betting as a type of professional activity – handicapper. They have a huge bundle of knowledge regarding sports competitions and are good at comprehensive analysis. Therefore, the main skills of a handicapper are a mathematical mindset, an understanding of the subtleties of the betting companies’ operation, and basic forecasting techniques for sports competitions’ outcomes.

Read more: Esports and Sports Betting Are to Implement All Technological Innovations in the Next 20 years – ICE North America Speaker

What Is Required For Making Money On Betting?

Interesting Fact

Professional handicappers consider tennis as the most profitable sport for betting instead of soccer.

However, in order to start making money on bets, not only professionalism and inner sense are necessary. First, users must verify the reliability of their Internet connection. Secondly, it is necessary to understand that analytics is an extremely labor-intensive process that requires considerable time. Third, you will need concentration and composure. If a bettor has decided to make sports betting an additional way to make money, he must be patient and calm. The fourth element is a bankroll or, in other words, start-up capital. Knowledge of a certain sport will be useful as well. Soccer is the most popular sport for betting, but it is not obligatory to select it – any type of sports competition is OK.

Sports Betting: Step by Step

Regardless of whether the user is a newbie or an experienced bettor, the first thing to do is to familiarize yourself with the operation rules of the chosen betting company. This is a key rule because such important things as, for example, the withdrawal procedure and the service fee depend on the operator.

Sports Betting: Step by Step

Next, a user must log in, register, and start an e-wallet on the betting company’s website. The next step is to replenish the deposit. Experienced players advise not to keep too many funds in the account and periodically withdraw the winnings. The last thing to do is to choose and make the bet.

Handicappers often use special programs that simplify their work. With the help of such programs, the size of the bet can be calculated, as well as the best betting odds can be selected from all those currently offered on the market. In addition, programs can help in keeping track of bets.

Read more: Technology is the game-changer for sports betting, argues ICE Africa speaker, Seun Methowe

How Much You Can Earn On Betting

As mentioned above, earnings from betting depend on many factors, including the quality of the player’s knowledge, the size of bets and the chosen strategy. As a rule, 10% of a bankroll is considered a good income, but theoretically, a bettor can earn 70% of the initial investment. However, this is possible only with the use of high-risk strategies, which, in turn, can lead to a loss of deposit.

Sports Betting Strategies

Sports betting strategy is a set of actions directed at getting the desired result and earning a certain amount of money at the lowest possible cost.

There are several types of sports betting strategies. They are usually divided into two main categories - gaming and financial.

There are a lot of gaming strategies, but the most popular of them are bets on the event underestimated by the bookmaker, betting forks, corridor, and dogon.

Let's take a closer look at the betting forks strategy. It assumes that a user makes bets in several bookmaker companies at once on the event, whose betting odds are inversely proportional to each other. Thus, the user is in a situation when it is impossible to lose because one of the mutually exclusive bets will inevitably be winning. This strategy can be implemented due to the fact that bookmakers often evaluate the same sporting events in different ways.

Sports Betting Strategies

Read more: How to Achieve Success in Online Betting

The only problem in the implementation of such a strategy may be a bookmaker. Companies may not pay the winnings if a “fork” is found, or limit the size of the bet.

The most common financial strategies for sports betting are flat, fixed profit, the Martingale strategy, and the Kelly criterion.

Before considering the Martingale strategy in more detail, it should be noted that many strategies are the same for all types of gambling. So, the aforementioned strategies came to betting from casinos. The Martingale strategy is as follows: in case of losing, a bettor doubles the bet until he wins. The increase compensates for the loss and allows you to make money on betting.

It is important for this strategy to be used only if the betting odds are higher than 2.00.

Conclusion

Earnings on betting can be an additional source of income. However, it is necessary to remember the obligatory rules, compliance with which increases your chances to win.

As mentioned earlier, supporters of Real Madrid want the Portuguese striker Cristiano Ronaldo to return back to his former team.

Read more: What is the Future of In-Play Betting?

Read more: What is a Double Chance Bet?

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