Football betting is considered an easy activity to make a profit these days. While there are many websites and bookmakers to help invest in soccer betting, you should be careful when choosing the best one among them. So please do a thorough research before investing in any of the football betting sites. Learn the gambling/betting buzzwords and then just get into the business.
Guidelines for money management in football betting:
1. Always bet on the best price. Value = probability of winning betting odds. If you can’t improve the chances of winning, improve the odds.
2. Do not trust a single bookmaker. Instead, go for multiple bookmakers as this will help increase your odds by 10-12% compared to the odds you’ll get using just one bookmaker.
3. You will lose money in a short time, if you don’t know how to manage it when you are gambling.
4. Spread your money by betting on more than one game instead of investing in just one game. You may get more profit.
5. To make money gambling online, learn more and stay up to date.
6. Have information about the rules of the game, times, players, match conditions and various trends. It will help you to place strong bets and win the odds.
7. Keep a record of all bets. It can be helpful in determining patterns.
8. Specialize in limited leagues and study them thoroughly.
9. Check the win-loss history of particular teams. Also, track the performance of teams on and off your pitches.
10. There is no miraculous method that will ensure only victories. Therefore, always have a good plan to minimize your losses.
Kelly Criteria for money management in football betting:
1. The Kelly criteria guide all bettors on how much to invest in the bet for maximum profit. Kelly’s criteria will be very useful, if you have any knowledge of soccer betting.
2. It minimizes the chances that you will lose money.
3. This criteria prompts you to place larger bets when you are winning and relatively smaller bets when your bankroll is low.
Finally, always make sure that whatever betting system you consider has a money back guarantee.
