Many beginners have questions related to starting betting. Do you want to know how to place bets and increase your balance? In this article, we will reveal in detail the issue of earning money in betting for beginners and consider the advice of professional users.
Basic concepts
Every beginner should understand the basic concepts of betting. Then it is worth moving on to the issue of money management. Sports betting means betting between a bettor and a betting site. If the user guesses the result of the match, the office awards him a win according to the pre-specified conditions. In some cases, there is a refund.
For each outcome in the line, there is a coefficient that reflects the chances of its passage. For many countries, quotes are displayed as a European coefficient in the form of a decimal fraction. If the forecast wins, the bettor is credited with income on the balance: the amount of the bet is multiplied by the coefficient.
For example, take the Chelsea – Arsenal football match. A coefficient of 1.94 is offered for the total market of more than 2.5. We make a bet in the amount of $15. If the Chelsea and Arsenal teams score 3 or more goals in total, our winnings will be 15*1.94=$29.1. Net income will be equal to 29.1–10=19.1 dollars.
Betting indicators may vary depending on various factors. The indicator is influenced by the number of bets made per event, and the change in the chances of passing after new data becomes available. Every beginner has a chance to win, for this it is necessary to calculate the probability correctly and use successful strategies.
Sports betting for beginners: how to start
Players should remember that theoretical knowledge does not guarantee income. In betting, no one can ensure a 100% victory. Beginners have the opportunity to study theory, choose a strategy, and then try it out in practice. To do this, you will need to spend part of the bank, but this approach will allow you to understand all the features of the Bookmaker.
Rules for beginners
- Players need to choose a sum of Money that they will not be sorry to lose. You can also use a virtual account. This approach will allow you to test tactics and gain experience. When using a virtual account, you will not risk your personal funds.
- It is worth studying the betting terminology in advance. You need to understand what the plus and minus handicaps, total, both score and other outcomes mean. If you do not know the basic terms, you will not be able to count on earnings. Money will be lost due to the fact that you do not understand the selected Bets.
- It is not necessary to deposit the entire amount to the account at the office at once. Try to get a welcome bonus or participate in other promotions. 1xBet Bookmaker gives all new users a Special Bonus. Periodically withdraw some of your winnings to spend them on yourself. Work with the sports that you understand.
What is the best amount to start with
Beginners should start making minimum bets. Such players often lose, so betting on a small amount acts as insurance. Users should understand that if they play haphazardly, they will not be able to make a profit. On many BC, the minimum bet amount is $2.
Common mistakes of novice players
A common mistake for beginners is betting all-in. Even if you are confident in the high passability of the chosen match, you do not need to risk all the money. Professional players in such situations use no more than 5%-10% of the pot. There are other mistakes of the bettors, for example, predicting any outcome, choosing a match by kefs, lack of analysis, excessive caution.
In some cases, the favorites are offered increased bonuses, after which the newcomers bet on them without hesitation. Let’s say Manchester City has completed all the tasks set in the Premier League. Due to the lack of motivation for the club’s victory, reduced penalties will be set for the remaining matches of the season. Therefore, it is necessary to study all game and tournament situations.
Tips from professionals
- Professionals recommend that Users set the right goal and make a plan to achieve it. Sports betting is an effective business, but it can also be considered as a hobby.
- Do not pay attention to the sale of match-fixing, scammers are almost always engaged in this;
- Study the forecasts of experts. Each bet should be the result of your analytical activity.