Sports Betting And How To Minimize Your Losses
Let’s face it, sports betting and football betting in particular involves a lot of loosing, but no one talks about it. Nine out of ten articles now days would tell you all about how winning is done, and what qualities you have to posses to achieve profit, but seems like everyone neglects the loosing part, as it doesn’t exist.
But let me be clear on one thing, loosing ,whether you like it or not, is a major part of sports betting and you have to be able to deal with it.
First and most important of all rules is: Do not be scared. Remember that even a success rate under 40% can still keep you in the profit zone, as long as your risk-reward ratio is over three or that’s 33% to break-even. This would mean that loosing will be two-thirds of your gambling experience,yet will be still making money.
In order to increase your profit, you would have to find a way to minimize your losses. A good way of doing that is having a separate betting slip called the “break-even slip”. It usually consist of two to four games with moderate odds, on the average of 1.7-1.8 wagered with an amount just enough to cover your overall stakes for the night.
Now this might seem pretty easy at first sight but it’s not, trust me. You have to make sure you have carefully selected the games that go on your “break-even slip”. The statical analysis on these games would have to be close to a Perfect. What do I mean by that? Stats like current shape, past performance, past performance against the current opponent, all have to be in favor of the team you are betting on. Only this way you would know that your probability of getting the games correct is above average. In order for this strategy to work, you would have to maintain a success rate over 50%.
Remember something very,very crucial about the whole thing here, and I can’t stress how important this is, because no matter how many times I say it, people still do the following mistake. This is your “break-even slip”, and be sure it stays this way. You should keep the wage amount to a minimal, just enough to cover the possible losses for the night. The most common mistake is that bettors get greedy,and very self-confident, because of previous success with the strategy, that now they decide to make a profit out of it and bet big money.I don’t have to tell you the rest and the outcome!
This is why, your most valuable skill for success in sports betting is discipline. Remember that there’s always a possibility for the “break-even” slip to fail and get you in higher loss amount for the night. This is why it’s crucial that the stake amount remains minimal, just enough to cover your overall wager.
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