The sports betting market is booming. There is a veritable flood of online bookmakers on the Internet offering bets on all kinds of sports. If you too would like to try the thrill of sports betting, you should first familiarize yourself with a few basic things about sports betting.
The first step is to open a betting account with a bookmaker of your choice. Find out more about this on the Internet in advance, read reviews and testimonials and compare welcome bonuses of the individual bookmakers. For the first deposit into your betting account, you will receive a bonus in the form of additional betting credit from almost all bookmakers. Once you have registered, you can start. But be careful! Don’t just start betting as you please if you want to end up with a lasting profit. With a few tricks, you can be more successful and enjoy betting for longer. The following tips should help you with this.
The most common rookie betting mistakes
To take away an illusion that is unfortunately far too common for all betting newbies: the probability of becoming a millionaire overnight tends towards zero. If you approach the matter with these expectations, it is better to leave the whole thing as it is. But if you are aware of this, you have already avoided the first mistake of false expectations.
After all, betting on sporting events requires patience and discipline. Especially when it comes to bet size. A rule of thumb states that you should not use more than five percent of your betting balance (the so-called “bankroll”) for a single bet. Example: If you have 100 euros in your betting account, the stake per single bet should not exceed 5 euros. In this way you avoid a quick total loss and can also better cope with a longer stretch of lost bets.
Also important at the beginning: Only devote yourself to sports and leagues that you are familiar with and have a certain level of expertise. Because the bookmaker has them too. And finally you compete against him. Also important: Don’t be tempted to bet on your favorite team. You are automatically more emotional, which is generally never a good thing in sports betting. Always proceed rationally and statistically! Because: If your own team and you lose your bet as a result, the frustration is all the greater.
This can quickly lead to another popular mistake: the so-called rage bet: This follows a previously lost bet. You want to recoup the lost bet as quickly as possible and preferably immediately and in double the amount and you are tempted to take a hasty shot. No matter how painful the loss, always take the time to adequately analyze a game on which you want to bet money.
What is the best bet for beginners?
The single bet and the combination bet are suitable for beginners, as both are easy to understand for laypeople. The single bet is the simplest and most promising method of winning, and the odds are correspondingly low. You bet on the occurrence of a single event, for example the outcome of a football match. You can bet on a home win (abbreviated to “1” in betting jargon), a draw (0 or X) or an away win (2). The exact end result doesn’t matter here. In the game between FC Bayern and BVB, you can bet 5 euros on a single bet on Bayern winning. With odds of 1.50 euros, you will then receive 7.50 euros if Bayern wins.
With the accumulator bet, you must split the stake between at least two different events. Only if all events happen like this do you win. A classic combination bet is, for example, the soccer pool, in which bets are placed in Germany for 13 games in combination on one ticket.
The single bet ideal for beginners
Also, refrain from combining multiple matches at the start. Even with more betting experience, you should avoid combining more than three games in one bet. The danger that several correct bets are nullified by one wrong one is too high and increases with the size of the combination bet. Of course, the temptation to win big is great, but even betting professionals recommend betting primarily on individual games. This increases your chances of making a profit with your bets in the long term. For bookmakers, single bets make up about 80 percent of all sales.
The double chance bet
The double chance bet is one of countless bet variants that bookmakers have on offer. It is therefore well suited for beginners because it increases the probability of winning. Logically, the odds are lower for this. Double chance means that you cover two game outcomes. So you can decide whether to bet on home win/draw (1/X), home win/away win (1/2) or draw/away win (X/2).
In a concrete example, it looks like this: If Bayern plays BVB at home, the following bets are possible:
- Market 1: Bayern Munich Win + Draw – 1X
- Betting option 2: BVB win + draw – X2
- Betting option 3: Win Bayern + BVB – 12
Market 1 is won if the game ends in a Bayern home win or a draw. You win bet option 2 if the game ends in BVB’s away win or a draw. You win bet option 3 if the game ends in a home win for Bayern or an away win for BVB.
Can you bet with multiple bookmakers?
Registering with multiple bookmakers is allowed and you should do the same. Because then you can collect the welcome bonus for new customers and thus have more credit for betting without having to pay everything out of your own pocket. This helps, especially at the beginning, so that one or the other failed bet does not immediately carry too much weight – provided you stick to the 5 percent rule explained above! Always pay attention to the seriousness of the provider by finding out about experience reports or ratings on betting portals.
Who has the best odds?
Another advantage that you can take advantage of by using several bookmakers is the different odds. In general, before placing a bet, you should compare bookmaker odds. The differences in the odds setting of the individual bookmakers are usually not enormous, but they do exist. If you are now a customer of several bookmakers, look for the one with the best odds for your match and place your bet there. Calculated for a single game, the additional possible profit may not be serious, but seen in the long run, further profit potential can be tapped. Why shouldn’t you take advantage of this?