Football (Soccer) Betting Tip – Discover the 7 Golden Winning Rules in Live Betting or Best Football Betting Sites ?
The Internet and live telecasting of matches have made live betting immensely popular. The main difference between live bets and normal bets is the punters can gauge the motivation factor of how the players will perform or the playing strategy Best Football Betting Sites in [Keyword]– whether there will be three strikers or ‘a bus of defending players parked in front of their goalmouth’.
The greatest advantage in live betting is the punters have exactly the same information as the bookmakers as the matches are being played. There is also a chance for the punters to bet at better odds if the opening odds are too low. The punters can observe the development of the game and make decisions as the match unfolds. This gives the punters an opportunity to make a ‘U-turn’ and reverse a bet when the situation necessitates.
Live betting requires great discipline and patience. Emotion can run very high during a match and your decision can be just a click on the optical mouse. The following 7 golden winning rules must not be overlooked :
7. CUT LOSS WHEN NECESSARY The typical mindset of most punters is to hang on till the last minute, hoping and praying that their team will not let them down.Be decisive and cut your loss as soon as you realise the match is not flowing the way you have expected. Such decisiveness can save you bigger losses in the end.
CONCLUSIONIn live betting, you must judge each situation on its own merits. Do not allow emotion to interfere with your judgement. This will only compel logic to fly out of the window, along with your cash.
Interesting Facts About Best Football Betting Sites in Tips:
About Best Football Betting Sites in Tips:
Betting on horse racing does not mean that you have to be present right there on the racetrack. Today, you can place your bet online and in the comfort of your home.
This is the power of technology. Nowadays, everything can be found online. All people need to have is a computer and an online connection and they will be able to see the race action live on their small screen.
Even if it is not as good as the live one or as big as the ones you will see on television, it is very convenient for those who are on the move and do not have the right facilities for it. Just think. You will never again miss the action. You will have a minute-by-minute account on the race that is going on. Besides that, you will know first-hand if the horse you are betting on will win or not.
How does betting horse racing online works?
There are some sites that just need you to register into them and put in your deposit. Once the result is out, your losses or winnings will be debited or credited into your account.
Not all websites are like this though. There are those that require its would-be members to pay an initial fee. Some even require monthly charges depending on the frequency of your visit and stay.
Even if the betting horse racing is done online, the rules and regulations are still the same. The types of bets and race conditions are also the same as the ones you will see and get live.
Since the process is done through computers, you can expect a short delay on the tally of your bets based on the overall betting system. For those who cannot wait for the update, they are given a choice of the statistics to be sent directly to their cell phones.
But with the advantages that people get from betting horse racing online comes its disadvantages. They may be minors but it is still worth the glance.
1. Unsatisfying experience.
Some people find that nothing can compare to the feeling that they get when they are on the racetrack and is part of the action. You cannot really get that same feeling when you are just there watching it on screen.
Most of those who bet on this sport are after the excitement of seeing the race from start to finish. They still want to shout and cheer with the rest of the crowd gathered there on the stadium.
2. Miniscule screen.
Being confined in the small screen of your computer, you will not get a view of what is happening in the whole event. You will just rely on where and what the camera is focusing on. This is a total turn off for those who want to see every corner and every move around the racetrack.
Those who are intent on having a better view of the horse race choose to have their own satellite TV in their home to get a bigger and better view of the live happening in the racetrack.
3. Computer system problems.
Slow computers and outdated hardware installed in your computers are one of the factors that will hinder your betting horse racing online experience. If you do not have the most advanced features, do not expect your viewing to be as great as it should be.
However, if you can do away with these minor problems and your only desire is to cut the suspense and see the result as it happens, then horse race betting online is always there at your convenience.
Best Football Betting Sites in Tips
This is the third instalment in a series of articles on profitable betting through sensible money management. So far, I have discussed the importance of getting value when you bet, to maximise the returns you achieve when your selections win. In the most recent article you should have learned to keep your stakes in proportion to the size of your betting bank.
Today I want to examine a common mistake that often gets punters into serious trouble chasing your losses.
I dont think there can be many of us who have not at some time, decided to get back what we just lost by betting a little bigger on the next race. It is sometimes known as progressive staking.
Lets take a simple scenario: you bet £10 on Red Rum, and he loses. What do you do? Perhaps you continue with your selection methods and come up with another pick in the next race Best Mate. The price is 6/4F
But, rather than putting another £10 bet on Best Mate, you decide to chase your loss from the last race. You add another £7 to your stake so that when Best Mate wins you will pick up an extra £10.50 to recover the bet you lost on Red Rum. Good plan? Could be, after all Best Mate is a sure fire winner, right? May be. May be not!
What happens if Best Mate loses? You are now £27 in the hole. But you still have a plan. Your next selection is a dead cert winner at Even money. You place your usual £10 stake plus an extra £27 to cover your losses so far. No need to worry. When this one comes in, you will have re-couped your losses and have a £10 profit to show as well.
Lets take a step back here. You are staking £37 to win a £10 profit. Think about it you are effectively getting odds of only around 1 to 4 odds-on about a horse that is Even money in the market. That is terrible value!
You may escape this time and your horse may well win. But what if, heaven forbid, your red-hot even money favourite fails to win? After just three bets, you are down to the tune of £64 when your normal stake is just a tenner!
Long losing runs do occur, more frequently than you might think, and even with short-priced selections.
If you spent a day in a casino at the roulette tables, and analysed how many times you witnessed a run of 7 or 8 consecutive red numbers, I would not be at all surprised if you saw this happen four or five times in a single day. Here we have pretty much a 50/50 bet, even money, that the roulette ball will land in either a red or a black slot. Yet I was amazed to learn that the longest run of the same colour (reported) was THIRTY-NINE consecutive reds!!
Imagine if you were betting on black, and saying to yourself each time no worries, its got to be black next time . Surely?
But lets go back to the more common occurrence of a losing run of 7 even money bets. We will be betting on the red.
We place a £1 bet on the first spin. Its black. We chase our loss by doubling up and next bet £2. If we were to carry on in this manner, after 6 spins we would be betting £64 to win our original £1
I sincerely hope my point is getting across. By chasing your losses you can very quickly see your stakes climbing to preposterous levels, to win your original, relatively small stake. The risk is way out of proportion compared to the potential reward.
One last example to really ram the point home. The Racing Post runs a tipster competition. All the leading racing journalists are involved, representing the nations newspapers and horse racing publications. These are experts at tipping horses. Take a look at the results table any day, and see for yourself the longest losing run. Remember, these are the experts.
I looked today, and Racing Post PostData has suffered this season a losing run of twenty-seven. Twenty-seven consecutive losers from an expert tipster! And believe me, he is not on his own, just the worst offender this season so far.
There is an old saying Dont throw good money after bad. If your selections dont make a profit from simple level stakes betting, dont try and make them profitable by throwing more money at them. You may survive with a profit for a while, but this approach is a disaster waiting to happen. Sooner or later you WILL blow your entire bank chasing a disproportionately small profit.
If your selections dont make a profit from simple level stakes betting, change your system.
Betting On Horse Racing Using A Dutching Calculator
In a previous article I jokingly suggested I had put all my assets my savings, the deeds to the farm, my kids Trust fund, and the proceeds from selling one of my kidneys on a horse at Newbury. I showed this was potentially financial suicide, and an extreme example of bad money management.
I wrote that more often than not a losing punter will find himself saddled with a bunch of bad betting habits. It is these bad habits that have gotten him, and his betting bank, to where his is now the Poor House.
To arrive at a change in fortune, and to start making consistent profits, the losing punter has to be prepared to make changes to the way in which he bets. In the previous article we talked about the cornerstone supporting my own personal betting strategy, and that is finding value in every bet you make.
You will only ever make a profit from betting if you consistently back horses at prices too high when compared to their actual chance of winning. This is exactly how bookmakers have made their money for generations they consistently lay horses at prices too low compared to the actual chance of the horse winning. When punters continue to take these low prices day-in and day-out, it will only ever be the bookmakers who come out with a profit in the long run.
The second bad habit I want to examine is the subject of inappropriate staking. What do I mean by staking that is not appropriate? Well, what I am driving at is placing bets that are generally too large in proportion to the size of your betting bank.
Before I expand upon this, the concept of a betting bank is a side-issue in itself. You categorically MUST have a sum of money put aside for the sole purpose of betting. It scares me rigid when I hear of people simply dipping into their current account to place a bet using their debit card.
If you do not have a separate account for your betting activities, you cannot keep records, and you will not be able to answer that simple question, Am I making a profit, or a loss?
It goes without saying, that betting involves a degree of risk, and you should never bet with money you cannot afford to lose.
Getting back to inappropriate staking, the idea of lumping all your money on one horse is an extreme example of over-staking. Of course, on the one occasion this strategy may pay off. We had friends round a few nights ago to play one of those Race Night DVDs. I was comfortably in front by studying the form before each race, and placing considered bets at what I considered to be value prices. As you might imagine, I had a suitably smug expression on my face as we came to the last race, and our friends were complaining I enjoyed a professional advantage.
My wife then decided to put every penny she had left on an 8/1 chance. The race turned out to be the lucky last for my wife, and she walked away with the whole bank!
But seriously, continue with these tactics, and it will not be long before you lose everything.
Personally, I would never consider starting any betting campaign with a bankroll of less than 100 points. In other words, I will divide my bank by 100 to arrive at my unit stake. You can see that I will only ever be putting 1% of my bank at risk when I place a bet.
This is a very generalised approach, and you might argue that a little more consideration should be given to a punters typical strike rate. True, if someone has a strike rate of 50% then it is statistically highly unlikely that he will suffer a run of 100 losers to go bust. So, in this case you might be justified in operating a smaller bank. Bear in mind that when flipping a coin, it is by no means unusual to see 6 or 7 heads in succession, and losing runs in double figures do occur.
Erring on the side of caution, you could foresee two such losing runs occurring twice in close succession. In which case, I hope you can see that even when considering a system which such a high strike rate, having a bank of well over 20 points now seems very sensible.
With my own Redd Racing betting service, we enjoy what I would consider to be quite a healthy strike rate. However, we have experienced a negative swing of some 60 points during one particular month a couple years back. The account recovered to make a profit by the end of the month, but it underlined the importance of having a bankroll large enough to absorb the losing runs that EVERYBODY has to endure from time to time.
Indeed, it would probably be better advice if I suggested members of my service had a bankroll of 150 or even 200 points in reserve.
Yet I often receive emails asking me whether it is OK to deposit £100 with Betfair and start with unit stakes of £10.
Betting with stakes too high in proportion to your bank normally comes out of a desire to make money quickly. I think we are all guilty of getting overly greedy sometimes, and unwilling to think a little more long-term. People are inclined to set themselves unrealistic profit targets, given the size of their betting bankroll. Having a bank of £100 and expecting to be able to make £100 per month is not realistic. Get-rich-quick does not exist.
Akin to the Tortoise and Hare story, let me give you an example of where what might initially seem like a very moderate return, actually gives surprising results over time.
If you started with £100 in your betting bank, and increased this bank by just one-half of one per cent every day, after just 6 months your account would have a balance of £244 due to the compounding effect. You could more than double your investment in 6 months with this seemingly small daily profit return. Take that to your bank or building society and see if they can come anywhere near such a deal!
Hopefully this demonstrates how slowly but surely wins the race.
To summarize, my advice would be to set your unit stakes at one per cent, or even one half of one per cent, of your total betting bank. By striking only value bets, and when the odds are in your favour, your betting bank will grow. As your bank grows, so you can naturally increase the size of your unit stake to make more profit but your bets will still be in proportion to your bank.
In the next part of this Sensible Money Management series, I will look at more bad habits that suck money from the accounts of losing punters.