In our sports betting comparison, we evaluated various expert interviews and also searched the internet for really helpful suggestions. That’s why we’re presenting you with the three most important tips for making money with sports betting. These should become second nature to you as the basics.
It is best to use the following lines as a first tutorial and then build your personal strategy on them. You will find more detailed tips below.
Always remember that there is no guarantee that you can get rich with sports tips!
- Betting is a game of chance with a skill component.
- Mathematical knowledge is a must.
- Emotions must be left out.
Rule 1: A sports bet is not a game of chance, but a Bundesliga game
Almost all sports betting fans think wrong and always have fun but never really succeed. Behind every well-thought-out and successful sports bet there is a decision that is based on previous analysis and a lot of experience.
The most important thing you can learn from this article: There are no winning streaks in sports betting.
Luck is used to describe things that are not in our control. Every football match can be viewed as a kind of random experiment and treated accordingly. Before kick-off, both teams develop a certain strength through the general environment, the squad or individual training sessions.
For example, at the start of the game, Bayern Munich with a strength of 100 competes against Werder Bremen with a strength of 35. Nobody can predict exactly what will happen on the pitch.
Experts are not fortune tellers, they are probability interpreters.
A ball can hit the crossbar instead of the goal, and the goalkeeper might get injured. What is important to you is that the probability of Bayern winning today was 100 to 35.
The basis for professional betting and a successful betting strategy is to find out these team strengths better than the bookmaker through your own research and good analysis. Then you have an advantage that you can convert into money.
Rule 2: Without mathematical understanding it doesn’t work
In addition to specialist knowledge, your tools are primarily mathematics. Unlike poker, where a lot of intuition and skill are involved, in successful sports betting it is the numbers that count.
But there are a few more things to consider:
● You need basic knowledge of mathematics and statistics.
● At the same time, you must learn to think like an accountant.
● Probabilities must be derived from the odds.
● Calculate the bookmaker advantages and pay attention to the betting tax.
● Check different providers for the best odds.
When placing a sports bet, accounting plays a particularly important role, so the betting manager is an advantage. It is best to create Excel tables and computer formulas for your betting model.
It may feel overwhelming at first because it doesn’t fit your action-packed passion at all, but with time and success, you’ll find enjoyment in this new approach.
Of course, you can also consult expert tips. KickForm offers very practical and free help for successful betting. This scientific tool uses mathematical formulas to calculate the results of football matches from the major leagues and major competitions. Together with some basic betting strategies, you are ready.
Rule 3: Emotions have no place in the betting career
Analysis and statistics connect you to the bets, but you have to show the necessary discipline yourself. Simply turning on the computer and playing is the wrong way to make a profit. Every sports bet is a business decision!
If you gamble, you won’t make any money betting in the long run! The more disciplined you are in betting and the more intensively you deal with the subject matter, the more refined your decisions will be. This requires perseverance and is not as casual as it always sounds when betting professionals talk about it.
The next extremely important insight from this article follows directly from this: There is no gut feeling.
Emotions play an important role in sports, but they should never dictate your decisions. It doesn’t matter what your gut tells you if the numbers don’t back it up. Sports betting is completely free of feelings and intuition.
3 important conclusions about the Golden Rules
- Every sporting event (and therefore every sports bet) is about luck. A long-term strategy, on the other hand, is based on thorough research and probability interpretation.
- Solid bankroll management and betting capital calculation are essential.
- Emotional decisions are not decisions, but hopes.
Systematically earn money with sports betting: You must master these basic rules
Now that you have a certain structure, we can move from the abstract level to everyday life and look at some expert tips. There is no getting around the golden rules. What follows, however, are empirical values and general principles that you can also incorporate into your personal betting model in other ways.
You have to find the path that suits your character and your abilities. It helps if you follow a strategy (of some kind) at the beginning, then analyze it after a few weeks and, if necessary, throw it out completely. The knowledge you gain will ultimately help you the next time you try and at some point you will be “in”.