When it comes to football betting, you have to realize one thing, the lower the odds the greater the amount of money you would have to risk, to make a decent profit.
Low odds matches are simply not worth it, and in the long run, you will lose more money than you will win!
Let’s look at the term Drawdown! Some of you might be familiar with it, but If you are not it’s no biggie, I will explain it right now!
Say you have $10 and you lose half of it, now you would have $5 and you would have lost 50% of your initial start! Now, what percent do you have to win to break even and get to your original $10?
Nope, it’s not 50%, it’s 100%, you would have to make up an additional $5 which is 100% of the $5 you already have! This is called a Drawdown, and the bigger percentage of your money that you risk and lose, the bigger the Drawdown!
Just to make it a little more clear here are the percentages loss of your initial start, and the percentages you would have to make up just to break even:
10% loss -> 11% profit to break even
20% loss -> 25% profit to break even
50% loss -> 100% profit to break even
80% loss -> 400% profit to break even
90% loss -> 900% profit to break even
I hope you get the picture now! So why do you have to know this? Because when you are betting on games with odds with 1.12, 1.18, 1.25 you would have to stake a great amount of money, to actually make a valuable profit. A $1000 bet on a game with 1.12 odds would result in a profit of $120! Great, now calculate the risk to reward ratio!
You stake $1000 that’s what’s being risked, and you get back a profit of $120 that’s your reward! So what is it, something close to 9:1? So you would have to be correct 9 out of 11 times just to break even! That’s about 90% of the time and let me tell you, if you can get your success rate to 90% month after month you would be the greatest sports bettor known in history.
What happens if you are actually 90% correct of the time, but you are wrong from the start? Sports betting is not about how many times you can win, it’s about how many time you can lose, and keep on playing and staying with a positive balance!
Now let’s take a game with the odds of 3.30, that an average draw! Say you still had those $1000 and you wanted to make as much profit as from that 1.12 game! To do that you would only have to stake $36 which is around 4% of your initial amount! The risk-reward ratio is 1:3.3 so you would have to be correct around 30% of the time to break even! This also allows you to be wrong around 28 times in a row, before you lose all of your money!
Compared to the betting on low odds strategy, that allowed to be wrong only once and preferably after 10 consecutive wins, this is huge! Of course with higher odds, you will lose more, but this doesn’t matter! What matters is that you keep on making profit as long as you keep being correct 30% of the time! That’s a lot better than 90% don’t you think?
Now that you have an idea what Drawdown is and how to prevent it be sure to chose a good bookmaker. Check out our bookmaker reviews.
