Nowadays, when online betting is extremely popular and available to everyone with an internet connection, the main question is: is it even possible to earn extra cash playing online? Most bettors lose the battle with online casino games or sportsbooks in the long run, and all of their money with it. According to some unofficial statistics, over 90% of online bettors lose more money than they win. Therefore, we consider it a legitimate question to ask: how to win at online betting?
There are several things that you should pay attention to before you start wagering. If you follow the tips we are going to give you now, you’ll probably get a chance to win a lot of money. So would you like to become one of those 10% and join the winner’s club? If your answer is yes, stay with us!
Learn the Basics of Online Betting
It’s fundamental! It may sound funny, but it is really unbelievable how many people bet without having even the basic knowledge about betting. You can find the comments of many people who wager without even knowing anything about odds, handicap, margins and other crucial information. You can read it every day on various gambling forums or social media. Then, how can anyone expect to win a huge amount of money if they don’t know anything about betting terminology?
Please, take a few minutes to educate yourself before you start wagering. Luckily, today, there are so many useful articles on the Internet providing you with important information about sports betting, table games, video poker, and other online games. All you need to know about online betting is only a few clicks away from you. So don’t miss it!
Think like a Hunter, Not like Prey
And the sportsbook will be afraid of you. When you start thinking like a hunter and following the “golden” rules of betting, you’ll begin to earn real money online. A professional bettor doesn’t only place bets on a sure thing. However, he doesn’t take unnecessary risks either, as most of the bettors do. Instead, he is likely to play in a totally different way. His decisions are based on probability and carefully analyzed odds. Also, he would even bet against his favorite team if that would bring him some money. A successful bettor never lets his emotions influence his wagering decision. So if you want to win, make sure your choices are rational, rather than emotional.
Fun, Money, or Both?
Another fundamental thing is to decide whether you want to bet for fun or to win money. Those who play just for fun, they’ll have to pay for it. And those who bet for profit, they’ll have to work for it. Moreover, the more you know about betting, the less money you’ll spend. But if you want to score big, you should treat betting as an important business project in which you’ll invest your money, time, and knowledge. Only then can you expect to earn from it. The decision is all yours.
Manage Your Money like an Accountant
Money management is your next big step. It’s a crucial skill you’ll need to acquire in order to win money at online betting. Once you set your budget, you’re ready to start wagering. Moreover, you can set it on a daily, monthly, or an annual basis. Define a certain sum you can afford to bet and don’t go over it. Remember to also define how much you are ready to lose. After all, you’ll need to treat your money very responsibly because it’s the only way to increase your betting bankroll. Keep in mind that online betting isn’t a sprint, but a marathon. Do not rush with your betting decisions, even when you’re pretty sure you’re placing a sure bet. Do not play at random — make sure to analyze first. So patience, discipline, and responsible spending are the main preconditions for making money online.
Speaking about responsible spending, our advice is to use single bets, rather than multiple. We know that playing single bets is pretty slow, but it is safer and much more effective. Another thing we advise you is to consider using a flat stake, instead of a variable. It may seem amateur at first, but it is much better in terms of control over your money. For example, you can choose to use a flat stake in the range of 0.5% to 2% of your bankroll on every bet you place. So if you have $1000.00 on your account, you should place between $5 to $20 on every single bet. By doing this, you can avoid bankruptcy when you start losing and you can be sure that is going to happen sooner or later.
Bet on What You Know Best
Whether you prefer sports, poker, or casino, you should choose the right game for you. Each of these forms of gambling offers a wide variety of games. But you’ll need to be honest with yourself what games you know best. Especially if you decide that profit is your main betting goal, rather than entertainment. If you enjoy playing casino, you will need to choose games and slots you’re an expert at. But if sports betting is your favorite, try to choose the games you know extensively. And the same thing applies to poker. The more you understand the type of poker you’re betting on, the higher your chances of winning will be.
Why is it so important to choose the right game for gambling? Well, it’s simple. Winning at online slots, at a sportsbook, or against other players (in case of poker) requires a vast amount of knowledge about the game in question. Will you be able to constantly make correct moves and choices on something that you don’t fully understand? Let’s be honest — you won’t!
Choose Reputable Sites
Since there is a lot of competition between real money gambling sites, they are trying to attract new customers and keep their old ones with special promotions. So a lot of them offer deposit bonuses, free spins, free bets, and other bonuses. But remember, they all come with a set of wagering requirements. So make sure you’ve carefully read and understood the terms and conditions before you start betting.
Another thing you should pay attention to while choosing which sites to join is their reputation. Take some time to research on the Internet which online betting sites are good for you. You will find various lists of licensed and trustworthy sites, as well as blacklisted ones. It is also advisable to join some betting forums where you can find some useful insight and recommendations from the players.
Search for Predictions
Speaking about sports betting, each bookmaker has a slight advantage over you, which you can see by the margins. Therefore, your excellent knowledge about the game or the team you’re betting on is not enough. To win at sports betting is tough and requires a lot of research. You need to analyze the teams, the shape the players are in, the head-to-head results, etc. Always study the pitch reports and predictions of commentators and punters. And finally, the most important thing in sports betting is the margin. Make sure you understand well what the margin is and how it’s calculated. Knowing that, you can easily find a way to make it work in your favor.
Forget About Personal Wishes
The most common mistake bettors do is bet on what they want to happen. We understand that you want your favorite team to win, or that you wish that your holdings or spins are the winning ones. But you need to analyze the odds and the probability of winning a certain bet. So please, be realistic, and bet on what is the most likely to happen. You can make your own betting strategy and record your overall performance. You could, for example, keep track of the bets you placed, the stakes you played at, and the eventual payout you received. This will help you to analyze your betting trends and to see what has worked for you.
Start Winning Today!
Today, you just need an internet connection and online betting is available from your home, bar, job, or from wherever you like. You can also enjoy playing on your mobile or tablet, since a lot of online casinos offer a mobile app for you to play on, even while on the go.
So take our advice and start betting today! Learn these tips well, and you could easily be one of the 10% of those who actually win at online betting!