Business on betting: rules, mechanism and strategies

Business on betting refers to high-risk investments. Here, you can lose much more than when investing in stocks or foreign currency. However, you can win a lot as well. Despite the fact that the outcome of events is not exactly predictable and may be unexpected, experienced betters get a stable salary on betting.

How not to lose everything: the main rules

Before you start your journey into the world of betting, take care to reduce risks. Experienced players give the following tips.

Use savings or other “passive funds”. Risks are very high, you can not use money that is critical for your well-being. You should not bet money borrowed, or money from your family budget as well. Do not also link important plans with the expected gain.

Learn to control your emotions. For any investor in high-risk assets, it is important to stay calm and not succumb to momentary impulses.

Strive for self-education. To predict the game events more accurately, you need to understand the sport process, sports analytics and mathematical aspects of bets. This requires not only a desire, but also a few hours of free time every day.

Love what you do. Sports betting is boring for those who are not keen on a particular sport. If you want to make money, but the world of big sports is uninteresting for you, it is unlikely that you will have enough knowledge or motivation.

Bet and win: basic tips

To run a successful business on betting, it is important to understand how betting shops work. For a betting shop, the most important thing is not to go into the red, therefore, the company adds a margin to the odds.

A simple example: say, the odds for the Real Madrid – Atletico Madrid game are being distributed. Analysts working with the betting shop make a prediction: the chances of Real winning are 60%, 25% for draw, 15% for Madrid winning. However, if the bets are distributed exactly in this proportion, bookmaker gets nothing. Therefore, he adds a margin of 10 – 20%, and we get 67.5% – 30% – 17.5%. According to the usual odds, this will be 1.48 – 3.33 – 5.71.

That's why it is important not to follow the majority in these business. It is necessary to move upstream, not just “by contradiction”, but competently and carefully. Here you will need knowledge of sports, betting theory and sports analytics. A professional bettor should strive to develop his own style of play.

Working strategies

Here are some examples of classic strategies with an explanation of the terms for beginners.

1. Bets on undervalued events. Most players always bet on the favorite team, not looking at the odds and assuming that the leader team is certainly stronger. But those who prefer undervalued events will always bet on favorite’s opponent.

2. Martingale. The strategy is to double your bet after every loss. Let’s say you have $100. The first bet is $3. If you lose, you need to bet 15 dollars, this will recover your loss. If you win, bet 3% of the bank again. If not, you have a third opportunity to recover, by betting all the remaining money – $82. 82*1.25 = 102.5.

The risk of such a strategy is that you can lose everything before you get lucky, because the rate increases exponentially.

3. “The correct express”. Here you compile an express, which is likely to win; it is often used in betting on football games. The strategy is applied if player, having chosen three matches for the bet, is confident in his choice regarding winners, but decides to be reinsured and bet on one draw.

You compile four expresses:

• win 1, win 1, win 1;
• win 1, win 1, draw;
• win 1, draw, win 1;
• draw; win 1; win 1.

If the minimum coefficient for each of them is not less than 4.0, the gambler will make a net profit.

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