Basic Rules of Betting

Basic Rules of Betting

The tips at the bookmaker are given in no time at all. After that, customers have to wait and see. Although the bets have been placed to the best of our knowledge and belief, there is usually a rude awakening when it comes to evaluating the results. Most of the bookmaker’s customers end up almost permanently in the red.

Below we have compiled some basic rules for betting. If you follow these, you are far from a professional, but you have the best prerequisites for landing on the winning track in the long term.

Build a serious bankroll

The most important rule of betting is not the betting itself. It is important that you build a reputable bank account before betting. You should take a close look at your own finances. What capital can you really deposit at the bookmaker?

Basically, you should only transfer money that you do not need for other things in life. That means your rent, your living expenses and a certain reserve should be in place for the next few months. If you still have a surplus in your account, you can deposit it with the online bookmaker with a clear conscience.

Never bet with borrowed money

This is probably the most important point of all. Do not borrow money just to be able to participate in sports betting. If you do not have your own money, you should quickly say goodbye to registering with a bookmaker. If you bet under financial pressure, you will definitely end up in nirvana. Many a social relationship has already been buried because of such games of chance.

Analysis is the be-all and end-all

 be-all and end-all

If you’re making your guesses from the gut, you can get lucky. As a rule, novice bettors start with a small profit. The so-called beginner’s luck is almost tangible with the bookmakers. The fact is, however, that reality usually catches up with players very quickly.

Before a bet is placed, a very accurate and detailed analysis must be made. Check out charts, shape curves, stats and head-to-head comparisons. Gather as much information as possible about the games. Pay attention to injured or suspended players or the importance of a game. Pool your knowledge and make a well thought-out betting decision.

Pay attention to defensive money management

Often the best sports betting strategy fails because of a very simple detail – finances. One of the basic rules of betting is careful and defensive money management. Specifically, this means that a maximum of three to five percent of your own credit should be placed on individual betting tips. In practice, of course, the amount of the stake depends on the risk of the tip. If a bet appears to be “safe”, the stake can also be increased slightly. However, one fact should always be kept in mind. There is no such thing as a safe sports bet. The course of a sporting event can never be predicted 100 percent.

Risk accumulator bets

Almost all recreational gamblers work with combination bets. The result is well known: a big minus on the betting account. If you put your odds together on the betting slip, the combos will quickly open your eyes. By multiplying the betting odds, the profit quickly increases to a peak value, even with small stakes. The problem, however, is that the whole house of cards collapses with just one wrong guess.

If you want to keep your bets in the green in the long run, you should concentrate on solo bets. We recommend customers who, despite the risk, prefer to use station wagons to install appropriate safeguards via the systems.

Don’t rely on a favorite strategy

favorite strategy

Another cardinal mistake is constantly betting on favorites. Surely the “quick money” beckons with a bet on FC Bayern Munich or FC Barcelona, but in the long run the customer can only end up in the red. The betting odds are so low that they bear no relation to the risk. If at all, the favorite tips should only be included in your own betting strategy from time to time.

Live bets only with very small amounts

The most unpopular basic rule when betting is certainly not to use live tips. We do not want to completely demonize the bookmakers’ real-time ranges at this point. The fact is, however, that the live offers come with significantly lower odds than the pre-match area. In addition, fast typing almost inevitably leads to an increased error rate. If you want to enjoy live betting, you should generally do so with very small amounts – ideally outside of a normal sports betting strategy.

Pay attention to high betting odds and taxes

Whenever possible, try to bet on the best odds. Compare bookmakers before placing your bets. We recommend that you have three to five betting accounts with different bookmakers in order to be able to react to fluctuations in the odds. Pay attention to the German betting tax. The five percent special tax directly influences the quota level. Lower offers from a tax-free online bookmaker are often even more lucrative financially.

Make a reputable choice of bookmaker

One of the basic rules of betting is choosing the right bookmaker. If you randomly sign up with any nobody on the internet, you may be in for a very nasty surprise. Although most betting providers can be classified as reputable, there are “black sheep” in every industry. Before registering, find out more about it. Be sure to choose a safe provider. You can easily check the seriousness yourself within a few minutes.

It is important that the betting provider has a license. You can find information on this either at the bottom of the website or in the imprint. If the bookie is registered in Malta or Gibraltar, for example, you are 100 percent on the safe side. The two Caribbean states of Curacao and Antigua and Barbuda are also regarded as serious and strict licensors.

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